In the 2D timeframe for BTC, the RSI has similarly coalesced into two distinct moving average constructs following a pronounced bearish trend, which in turn has resulted in an expansion of these moving averages. At present, a convergence of three lines is evident, with the EMA9 notably intersecting upward through the WMA45, thereby suggesting that BTC is poised to commence an upward trajectory. Accordingly, it is judicious to initiate a long position at this current juncture, with the take-profit level anticipated to be around the 100k region.
Can BTC soon climb to the $109,000 level thanks to stablecoin liquidity? Maybe yes! An increase in stablecoin market cap often signals more money entering the crypto space, indicating bullish sentiment as investors prepare to deploy capital. This increased liquidity can lead to smoother trading and attract more participants, potentially driving up Bitcoin's price. The chart clearly illustrates this relationship: Purple line ( CRYPTOCAP:USDT + CRYPTOCAP:USDC + CRYPTOCAP:DAI + CRYPTOCAP:USDEE market cap) shows steady growth Bitcoin candle chart ( COINBASE:BTCUSD price) follows with more volatile increases Blue line at the bottom: BTC and stablecoin correlation coefficient of 0.9 ? This correlation can serve as a leading indicator for Bitcoin price movements. During downturns, investors might sell Bitcoin for stablecoins, but as sentiment shifts, this "dry powder" can quickly flow back, driving Bitcoin's price up. Adding to that, the long-term correlation coefficient between stablecoin liquidity market cap (USDT+USDC+DAI+USDE) and Bitcoin is 90%. So, yes, there's a strong long term correlation and usually BTC and stablecoin liquidity converge. According to my views on the stablecoin liquidity, the Bitcoin price should target the $109k level. Last time I made this analysis, Bitcoin jumped from $58k to my price target of FWB:73K in the span of 2 months. Let me know your thoughts.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 12.3/61.80% Chart time frame: C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
This video will explain TA where we maybe going and how to follow the stoch catch bottoms tops and stay in position long time using stoch vol ma
Today's buying and selling boundaries: 1.2937 Support and resistance levels: 1.3001 1.2977 1.2962 1.2912 1.2897 1.2873 Trading strategy: If the price breaks through 1.2962, consider buying, the first target price is 1.2977 If the price breaks through 1.2937, consider selling, the first target price is 1.2912
As i already posted, a big retest is needed to again go up, shhorts here to the blocks, buy from 85k range is what anticipated, shorts to that level is also anticipated.
Acquire gold positions based on the H4 temporal framework. Within this paradigm, the Relative Strength Index on the H4 chart has been assimilated into two distinct moving average constructs. The antecedent phase, during which the RSI escalated to the 80 threshold, serves as a testament to a pronounced bullish impetus; consequently, as the RSI subsequently retraces, it is plausible that the asset’s price may once again attain its previous apex.
OANDA:XAUUSD forming a correction after exiting the descending channel. The technical situation is confusing and complex. The focus is on the important support level at 3004. The price movement depends on the fundamental data... The main concern revolves around uncertainty regarding President Trump's tax plan announcement scheduled for next week. Markets are closely monitoring US personal consumption expenditure data, set for release on Friday, to gain insights into the Fed's next policy moves. Theoretically, the likelihood of interest rate cuts appears to be diminishing slightly, and this remains genuinely bullish for inflation hedge assets like gold. In other developments, the US has agreed to a partial maritime ceasefire between Russia and Ukraine. Technically speaking, the situation is straightforward in that everything depends on the current channel's resistance. A breakout and consolidation above 3025 will trigger growth. A consolidation from the channel resistance level will cause continued decline to both 3004 and 2980. Based on the current environment, I can conclude that gold will attempt to strengthen once again, as we have technical support: strong bullish trend, strong 3004 level, and a series of rising local lows. A failed breakout attempt would be misleading, and in this case, price consolidation below 3017 will trigger a decline to 3004.
for me this is a 5 star trade, UJ going up into a R1 resistance area @150.25 on par with the recent down trendline from the 1 hour and the overall trend. A 1 hour candle close above 150.31 would cancel this trade for me
? ? ? Market-Moving News ?: ??? Consumer Confidence Hits Four-Year Low: The Conference Board reported that the Consumer Confidence Index fell to 92.9 in March, marking the fourth consecutive monthly decline and reaching its lowest level since January 2021. Rising concerns over tariffs and inflation are major contributors to this decline. ??? New Home Sales Rebound: New home sales increased by 1.8% in February to a seasonally adjusted annual rate of 676,000 units, slightly below the forecasted 679,000. The median sales price decreased by 1.5% to $414,500 from a year earlier, indicating potential affordability improvements in the housing market. ? Key Data Releases ? ? Wednesday, March 26: ?️ Durable Goods Orders (8:30 AM ET): Forecast: -1.0% Previous: 3.2% Reflects new orders placed with domestic manufacturers for long-lasting goods, indicating manufacturing activity. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis