Here are my thoughts, If @usdt decide to get back into the big historical ascending channel then it will first touch the top of descending channel which is 6.5% (has strong resistance here) and then the top of bigger ascending channel which is 10.5%, if not and fail to get back into the channel (and yesterday's rally was just to fill the gap in weekly chart) then a bull-run is yet to come after breaking the strong support of 3.76% to touch the bottom of of the descending channel 2.9% ish, the Stoch RSI is also looking bullish in Weekly! We're in a critical zone that's why we go up and down these days! #USDT @USDT
#BTC in its worst scenario can make another correction to 75K then it can rise to the sky ! the logic behind this scenario is that the market should fill any gaps in the chart of CME as it did before ! if this gap dont be filled before markets rise it will in bearish time in next months ! so i believe that this gap will be filled anyway this can happen now or it will remain until markets bearish duration !
Good Evening and I hope you are well. comment: Huge gap down and bulls tried their best in making this an endless pull-back. Bears defended the gap to 21800 and even the Globex gap to 21700. As long as that stays open, bears can dream of a second leg down or at least retesting the lows. current market cycle: bull trend until we get a daily close below 21600. key levels: 21000 - 22000 bull case: Bulls bought the lows and closed the day 200 points higher. We have a clear bull wedge/channel up and as long as we don’t break below support, bulls can have an endless pull-back and move higher. Problem for them is that they were to weak to close the gap to 21700/800. Bulls now need to stay above 21450 and continue higher. If they poke couple more times at 21550, it will likely break and we move quickly higher. Bulls are not favored though. Invalidation is below 21400. bear case: Bears kept the gap open, Hooray. They need to break below 21450 and the bull wedge. Targets below are today’s open price 21398 and then 21200. My daily chart has a third bear target at 21080 and xetra closed 21428. The daily 20ema is there and a big open bull gap. Futures came very close to it, so it’s possible that this was all the bears get for now. Invalidation is above 21600. short term: Bullish above 21600 for 700/800. If we break below 21450, we will likely test 400 and then if bears are strong, below 21370 we go for 21200 again. Most likely is a continuation sideways between 21370 - 21550. medium-long term from 2024-01-25: No more bullish talk. Full bear mode. current swing trade: None. trade of the day: Buying 21400 was decent for many scalps.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session US Banks Stock Quote - Double Formation * (Continuation Argument)) | Uptrend Feature | Subdivision 1 * (Open Trade)) | Entry Survey & Bias Perspective - Triple Formation * ABC Flat Condition | Subdivision 2 * Numbered Retracement | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
https://www.tradingview.com/x/DJI0O1HI BTC dominance may see 68% this week
Well, it seems everyone did quite well playing my prediction of a breakdown (again) in the markets today. Last week, I continued to warn the markets were very fragile and would likely break downward aggressively. Of course, the political drama (tariffs) helped to move the markets a bit this weekend. But, still, it was great to hear from everyone who made a healthy profit today. GET SOME. I also have been getting questions about the RALLY - RALLY - (counter-trend) RALLY setting up on Tuesday, Wednesday, and Thursday this week. So, I created this video to help you understand why I believe those RALLY days will be rather muted on Wednesday/Thursday and maybe a type of topping pattern on Tuesday. I see the markets as breaking downward (breaking away from the dual Excess Phase Peak patterns), and because of that, I see the markets should attempt to move aggressively downward over the next 15+ days. I don't see any reason for the markets to mount a big rally right now - unless we are talking about a pullback in a downtrend. So, watch this video, pay attention to what I see, and then we'll see how things play out. Go GET SOME. This is a true trader's market. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
This analysis is based on the daily upward trend we have been on since last year in August, i believe we have a lot of potential to see the US indices hitting new all-time highs. I am bullish on the Indices, unless fundamental data proves otherwise.
Sydney session saw a heavy dump. Lack of volume during the session resulting in a major volatility. Will we see a repeat?
https://www.tradingview.com/x/cS0uJZ1y SOL may see 140 this week
https://www.tradingview.com/x/VMWRknZs BTC may see 86k this week