BTC/USD - weekly Analytics + Altcoins 04.05.2022In bitcoin, as well as in the crypto market as a whole the uncertainty of further movements remains, the downtrend still persists. Before talking about the potential strengthening, it is necessary to see overcoming the key level of 40.750, further consolidation and growing momentum would increase the likelihood of an ascent. Market player sentiment is at pessimistic levels, this indirectly suggests potential lows, but confirmation of this idea needs to be monitored on the facts.
Altcoins:
TRX in our view still looks attractive for buying, yes, there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
BTC-USD
BTCUSD LONG - Buy Entry - D1 ChartBTCUSD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: BTCUSD
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Resistance @ 57759.8
Resistance @ 55421.3
Resistance @ 45071.2
Pivot Point Yearly @ 41736.7
Support @ 36886.5
Support @ 34504.7
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BTCUSD Potential bearish drop | 29th Apr 2022On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from our entry where the swing high resistance and 78.6% Fibonacci retracement is to our take profit in line with the horizontal swing low support and 78.6% Fibonacci projection. Alternatively, price may break entry structure and head for stop loss where the horizontal swing high resistance and 61.8% Fibonacci retracement is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTC & DXY DivergencePrior to inflation spiraling out of control, Bitcoin demonstrated real strength as a risk on asset against the US Dollar showed continued weakening.
Central Bank QE & unfettered money printing (seen in money supply charts and bloated central bank balance sheets) were obscuring the impact of extremely loose/dovish monetary policies as overnight reverse repo activity has skyrocketed (currently running at >$1.8 Trillion). This irresponsible market manipulation has shielded the front end of the yield curve and is likely going to result in a more severe market correction.
Since mid/late March, the markets have begun to realize the global economy is unhealthy and there are limited safe haven, risk-off positions to mitigate the fallout of the impending global economic headwinds.
These economic headwinds are seen early in the 2yr/10yr yield curve initially and equities are slowly coming around to this, as the institutions move towards a principal protection position.
USD is by far the least risk position globally and we're seeing DXY increase in the face of inflation as "smart money" around the globe begins to take action.
This trend will reverse but not until the markets adapt and the global economy finds a new equilibrium.
Expect to see a continuation of USD gaining strength and assets like Gold and Bitcoin to weaken against the dollar until the market corrects.
Once the market corrects, Gold will spike to new all time highs (possibly up to $2.5k-$2.7k) and we will then see Bitcoin enter a mark-up period... but in the near-term expect BTC to continue to lose steam and test $30k support, with a breakdown below highly likely that first.
BTC/USD - weekly Analytics + Altcoins 25.04.2022Local price consolidation in bitcoin ended with impulse decrease. The only thing that provides confusion - is the pessimism of investors about the market. So the situation looks ambiguous: the technique says about the decrease, while the mood increases the probability of growth. Therefore, we should wait for local movements, which may give additional signals about the future of bitcoin and the crypto market as a whole.
Altcoins:
In our opinion, TRX still looks attractive for buying, yes, there is a possibility of local decrease, but it should not affect the global rising trend.
BTCUSD Potential bullish rise | 25th Apr 2022With price expected to bounce off the stochastic indicator, we have a bullish bias that price will rise to our take profit at 41313 in line with the 61.8% Fibonacci retracement from our entry of 38742 in line with the swing low support. Alternatively, price may break entry structure and head for our stop loss where the 127.2% Fibonacci extension is at 37379.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BTC/USD - weekly Analytics + Altcoins 18.04.2022The downtrend has not been broken yet in Bitcoin . The key resistance level is 39.300, local correction rebounds are possible (this confirms the pessimism of investors). It will be possible to understand whether they develop into a stable rising trend after the drawing of future waves. In general, it is worth keeping your eye on the ball, it is dangerous to short and buy from the current levels, the best position in our opinion is to be outside the market.
Altcoins:
In our opinion, TRX still looks attractive for buying, yes, there is a possibility of local decrease, but it should not affect the global growing trend.
BTC/USD - weekly Analytics + Altcoins 18.04.2022The downtrend has not been broken yet in Bitcoin. The key resistance level is 39.300, local correction rebounds are possible (this confirms the pessimism of investors). It will be possible to understand whether they develop into a stable rising trend after the drawing of future waves. In general, it is worth keeping your eye on the ball, it is dangerous to short and buy from the current levels, the best position in our opinion is to be outside the market.
Altcoins:
In our opinion, TRX still looks attractive for buying, yes, there is a possibility of local decrease, but it should not affect the global growing trend.
#LUNA #CRYPTOI recommend selling the LUNA coin because it will drop to the price of 51 and then it will be reversed. I recommend buying and selling from 51.
LUNASHORT