Something we've spoken on MANY TIMES Eventually, even friends, will get tired of US #Dollar as reserve #currency AGAIN, NOT STRONG Dollar but ALL #currencies weak They need to print that much more for trade! Look @ #BRICS & friends trading in other fiat #GOLD #Silver #BTC #DXY
$ETH still WITHIN parameters of INVERSE HEAD & SHOULDER pattern = END OF BEAR BUT Needs to BREAK above NECKLINE with VOLUME Short term, as stated not long ago, #ETH GAP FILL likely Oversold may also happen #Ethereum still way better than $BTC (only RSI showing signs of life)
Another weak day for $TNX This should be higher BUT why not?! Serious negative divergence too #FED & worldwide #CentralBanks have made commitment to buy debt OR Maybe 75bps won't make it for whatever reason? Hmmm
US Dollar didn't make lower low, but it's down from close 4Hr is showing weakness via Short term down trend RSI trending lower Weak $ is good for #StockMarket $DJI made huge comeback & stronger than $NDX atm This is a decent area to HOLD for #stocks
$TNX is NOT backing down, so far Doesn't make sense for it to stay where it was 3.46 is way low for 75bps, UNLESS... The monthly is worrisome Granted we have couple weeks left but chances of it selling off are minimal We're looking @ a trend break Let's c what #FEDs do
US Dollar weakening on this climb of worry RSI & MACD show signs of steam reduction $TNX is also beginning to show it on a daily chart but that is most likely short lived, if we get another big pullback UNLESS, they are "forced" to stop raising rates Interesting indeed as Fed balance sheet is going lower BUT a lot of debt buying
No signs of bottom Turned bull when we saw that higher low and volume but quickly turned bear We called bottom few months ago but quickly went sour and touted ETH
#BTC looks GREAT! Closed right above Red Mov Avg AND small Channel! The only downer is volume, not bad but not great ANYWAY This is a GREAT BOTTOMING process for #bitcoin Yes, again, it's early but GREAT $BTC SIGNS! BE #PAYTIENT CME:BTC1! CME:BTC1! #Crypto #cryptocurrencies #cryptocurrency
Deployed lil more cash on #altcoin this #BTC dip Let's analyze #Bitcoin Saw bottom part of range & REVERSED 3rd pic = TODAY's VOLUME, what do u c? NEED CONFIRMATION, close ^ purple & mov avg Still neutral & hard 2 call direction Shorting, covers & buys #Crypto #CryptoMarket #BTC #ETH #Ethereum #cryptocurrencies #cryptocurrency #cryptotrading
Simply put, the box is the time frame where this all happens. Max is June but doubt it will take that long. Likely MUCH sooner. So, what's analysis? Either Bitcoin holds the purple intermediate trend or it caves to one of the light blue lines. Scenario A If we break down, don't think 35k holds, likely looking to fill the gap that is around 33k, or major support...
First post to test, let's see how this goes. Most analyze Bitcoin using spot. That's why most people have been making BAD calls. Truth is most people were fortunate to have BTC in such a strong uptrend for a longtime. Who doesn't pick winners, doesn't matter the investment, when there's an uptrend? You know who is good and legit when there's turbulence and they...