Nasdaq is still bullish till my stoploss mentioned is sustained, we have got NWOG and Equilibrium of weekly order block as our buy entry and the stoploss is below the daily Order block and daily Fair value gap. Cheers
Bitcoin has been dumping hard with indexes and many are now considering that a deep correction is now on. Its worth noticing that Bitcoin is in a key 0.618 - 0.786 retracement area. It is higher probability to bounce in this area than other areas of the chart. Historically Bitcoin loves to bounce near the 0.786. A lot depends on stock indexes... Because all 3 major indexes have had a sell off at the critical 1.618 reverse extension. S&P500 Futures: https://www.tradingview.com/x/rlg8qtUu/ Nasdaq Futures: https://www.tradingview.com/x/uByyiWF4/ Dow Jones Futures: https://www.tradingview.com/x/s6fUH7FY/ So if they are now to have a more significant correction then of course Bitcoin will also get dragged down. This happens every time stock indexes have a major sell off. Historically, Bitcoin is not immune to bearish stock index price action, and would sell off also. And as I have posted on another thread, TOTAL has also hit a significant 1.618 extension with significant selling thereafter (linked below) So we'll see how it develops. If Bitcoin holds this ratio band down to $97.6K then it may be the pivot for the next major wave up. And it can exceed the 0.786 a little; perhaps down to around $93.8K as overshoot. But any lower than that and a major collapse could be on. And this will most likely tie in with stock indexes. ... If you're not aware of these ratios and how the market reacts and is reacting to them, then you are not in tune with price action. Notice that there are no other publishers on TradingView showing you these ratios and their significance. It is because they have no idea about them. Not advice
3 circle this year is like we are in same rythm with last year Many bad news in China is like worrying but why M2 in China still increase I dont know but its like something to add in your watchlist rather than USM2
Higher highs, higher lows. This is a classic mid-wave correction to scare of unseasoned investors.
As you can see we are in the same spot that last cycle. BTC running avove previous ATH and total2 still bellow previous top. Once btc gets close to the top altcoins are going to explode, see how LMACD of Total 2 is not even close to the top of the descending diagonal. Scoop some alts now, next 12 months should be bright.
Daily Chart seems over extended using 200sma Bollinger Band and RSI reacting at 25 oversold level although this could still push lower. If my predictions is right that the price could pull back to at least close to mean there could be an opportunity for a trade https://www.tradingview.com/x/sPkUWox4/ 1hour execution timeframe I waited a pullback to a 61.8 fib from the range also at the rsi 100sma pull back for confluence https://www.tradingview.com/x/ylJvc7JT/
BTC.D breaks the trendline and AO indicator also shows divergent. Soon we may enjoy the altcoin seasons !!
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The pair has climbed nicely and now whilst GOLD is firm, and the pair being overbought, the chances are pull back 18.1575 area. Strategy SELL @ 18.4000-18.4500 and take profit near 18.2175 for now.
INJ now testing support trendline and performing right shoulders If we not break and closed under support trendline i can say this scenario is legit