afurs1

afurs1 Updated 

I think the idea behind this trade is quite simple. Newer traders may get overly bearish following the downwards trendline, thinking short. This blindside bias may lead to quite a bit of trapped shorts, which may be squeezed if the market continues to show strength into the downwards resistance. If you look closely, this is actually the first the the market has...

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Bitcoin is notorious for fakeouts and moves quick moves between support and resistance. I have a bias based on the last time we printed this triangle pattern, ultimately moving higher before a correction or swing failure pattern.

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This is just an idea as bitcoin has been moving down quite rapidly today through a previous range toward the value area low and through the point of control. The high's of the range seem a bit off and the previous high from June/July 2022 as we broke below 32k. We have an untapped level at approx HKEX:32 ,000 - HKEX:32 ,300 and the market may move to test this...

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The dollar has been showing some strength recently, even breaking above its downtrend resistance. However the pump may need a breather before the next leg up after breaking the upward channel.

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Dollar breaking down from its recent uptrend. Forming an ugly looking pattern, may bring is down in the short term. Target the lower portion of the rising channel around $103.30

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Dollar seems to be forming a bearish rising wedge pattern. Swing failure pattern from Jan 6 high also hovering in and around my daily level. Potential short down to $101.50

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Lots of people have been talking about the recent golden cross on the bitcoin price. I do believe we are prepping to see a nice pump during this consolidation, but I am prepared for a retracement as well before we move higher. Currently we are moving within a trend and finding some support. Looking for a move upwards to 24-25k.

afurs1 Updated 

After breaking some critical levels and moving with strength into the resistance level, we are seeing some short covering as the squeeze has potentially trapped shorts. The previous run pulled back into the point of control, fib retracement into the golden pocket with some consolidation and potential to move higher if the dollar begins to make its way down.

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The dollar is approaching some strong resistance after a harsh sell off. Will the down trend continue or is there room for a potential break out? Currently biased to the downside, looking like a similar distribution pattern as seen not too long ago.

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Major confluence amongst major levels of resistance, DXY moving up, VIX reached a low point of support and starting to bounce. Only time will tell.

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Were getting alot of conflicting information from the FED and the CPI report. Here are some main takeways: Although inflation is showing signs of peaking, shelter, food, and energy are still major driving factors contributing to inflation which will lead us to higher interest rates. I posted a play on the breakout from the symmetrical triangle up to the golden...

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Oil beginning to hang out a bit after an epic rip, seems like the lower upward trending support is starting to show weakness.

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Dollar has just been getting clapped over the last several weeks. We are moving down into a strong weekly support range around 100, potentially down to 98. We are also forming a descending megaphone wedge pattern, which could see a reversal. I personally think we might be moving down lower, into the cc golden pocket fib at approx ~98 give or take where we...

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Weve got some nice price action on BTC over the last few weeks as risk assets may potentially be sniffing out a pause in interest rates. Something interesting, last cycle after bottoming in 2017, bitcoin bounced into the golden pocket before taking a tumble. Can we potentially see bitcoin make a similar move in 2023 before the "pivot" crashes the market, and...

afurs1

The USD has been dumping after an epic run, back into support zones. I dont quite trade RSI (as its not as reliable) , but here we have a strong downtrend pulling back into support with a slight bearish divergence. ES and BTC have been moving relatively strong in the last few weeks... Well see how things play out.

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Crypto has seen a huge correction from the previous all time high a few months ago. My current thought process for this trade: Seems like crypto assets have become tied to the moves of the global markets. An easy indicator is to watch the correlation of the SPY as they seem to be moving in tangent, for now....

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SP500 potentially creating a falling wedge reversal pattern on the daily timeframe . Caution is advised as there is still some potential to the downside towards strong support around 430 range. Looking for a double bottom reversal pattern above 420-430 and bounce above the 200MA then move back towards the ATH . If it breaks below previous low approx 420 range the...

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Zooming out on the $SPY, falling wedge into a big support, however with momentum. FED to raise rates by 0.50%. Will we bounce? Only time will tell.