XAUUSD formed Bullish Rectangle, will it breakout to move towards target? Entry, Stop Loss & Take Profit.
Despite recent market concerns, whales continue to withdraw BTC from exchanges. Volatility in crypto markets continued as the broader market saw 24-hour liquidations of over $500 million, with long liquidations accounting for $400 million. The source of the US strategic reserve is the confiscated Bitcoin. The market has been prepared for this and it is not lower than expected. In the long run, it will have a great impact. BINANCE:BTCUSDT INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD
Based on the Pi Cycle Bottom Indicator, in my analysis and opinion, there are signs that Bitcoin may have already reached its peak. The main point of concern is the white MAD line, which represents the difference between the long moving average (471) and the short moving average (150). Currently, this metric has started to reverse, which has historically signaled the beginning of a correction. Another key factor is the 97 bars that have elapsed since the MAD started rising in the current cycle, reinforcing the possibility that the market has already peaked and is beginning a downtrend. Additionally, the Hurst Cycle Channel Clone Oscillator is showing signs of weakness, with a possible H&S (Head and Shoulders) pattern forming and the price remaining within a downtrend line (DTL), increasing the probability that we have already been in a bear market for several months. The Stochastic indicator also supports this thesis, displaying the same patterns as previous cycles, where a strong drop followed a peak. If this scenario is confirmed, we could be entering a prolonged bear market, similar to previous cycles. If we haven’t hit the top yet, we are likely to do so soon, which is why it’s wise to keep some cash reserves to take advantage of the next major buying opportunity. Of course… a single tweet from Trump could completely wreck any analysis! Stay tuned for the next market moves!
Jyoti cnc bounced frm Important demand zone. Cn expect to reach till supply zone if momentum supports.
My various forms of analysis, which always include a quantitative outlook, indicate that the bearish momentum should continue up to the marked price. This outlook is for the long term.
The Nasdaq and S&P 500 were testing their weekly lows after what has been a bruising last few session. But with both indices testing their respective key support areas, could we see a recovery from around the current levels, especially in light of a weaker US jobs report? Keep an eye on the area around 20,000 on the Nasdaq, where the Trump rally commenced back in November. It is a key psychological area for the market. Can we see a bounce, or will the selling continue as we head deeper into the US session? At the time of writing, the index was below this level, but the session is not over yet. In any case, a confirmed reversal on the lower time frames should be observed by traders looking to potentially buy this dip. For example, if the index recovers to go bac above yesterday's low of 20180, that would be a bullish sign in my view. But right now it is looking quite bleak. By Fawad Razaqzada, market analyst with FOREX.com
go short now general trend is down trend have fun :)
Very bullish momentum now. Needed a break/ shift of structure to short.
This will be a slight adjustment to what I said yesterday about how I thought Bitcoin wold stay within a Range with a top at 91K Looking at the now Ascending triangle, we may brake back up into the previous range Box with a top around 108K - PA certainly has the strength to https://www.tradingview.com/x/apDHbqJa/ This could be helkped by the Droping $ that has a mearsered move down to as low as 100 again https://www.tradingview.com/x/Mn9iIu5o/ You See the rising line of suppor tthere....That could be the target. Big things happening in Bitcoin and Crypto worlds now. Expect a Volatile time with some Big winners but understand, Bitcoin does appear to have left the traditional Crypto market - is this a good thing ? Time will tell
I wrote this in response to a comment on a previous update, but I'm publishing this here because some others have requested an update as well. Remember: I'm just some dude on the internet and I'm not a financial advisor. So please keep that in mind. For me, personally, NVAX is a patience game. I have no idea on timing. Structurally, I think the NVAX chart looks great. But, in my experience, a few other things need to fall in line before NVAX can take its next big leg up. Historically, NVAX needs a "risk-on" environment in equities in order to expand. (1) I think we'll need to see expansion in the Russell 2000. So far, the S&P 500 has expanded and the DOW has expanded, but the Russell 2000 has not. Also: the expansions in the S&P and the DOW have largely been consolidated into the largest companies in those indexes. Expansion in the Russell 2000 will signal a more "risk-on" environment in equities, which is one of the necessary (if not sufficient) conditions for NVAX to send upward. (2) I think we'd also like to see the DXY break down below 106 and stay there for a while. In my experience, "risk-on" doesn't generally happen when the DXY is above 106. (NOTE: Since I wrote this, the DXY has broken down below 104, which is a good sign in my humble opinion. I'd like to see it continue breaking down and stay down for a while.) (3) Gold is still really high. This is another indication that "risk-off" is prevailing in equities. In my experience, the Gold price will need to break down from these highs to indicate a "risk-on" environment. So, again, I think the structure of the NVAX chart looks great. I personally believe the bottom has long been in, we've seen textbook Wyckoff accumulation and then a textbook reaccumulation. Now, for me, it's a waiting game. When will a "risk-on" environment emerge? I don't know. But I don't think we'll be stuck in "risk-off" environment forever. It might take a month and it might take two or three years. I have no clue. My personal bias is that it's coming sooner rather than later, but it might also be very short-lived. Again, I'm just some guy on the internet.