Crypto-trading
Bitcoin VS Psychology of a market cycleHello Traders and Investors. I hope you are doing well.
Let's start with the local analysis. On the Bitcoin chart, we got a strong impulse growth, the price came to the level of $19k. And a lot of people have a question: "Has the bull run started? ".
On the technical analysis side, there are two very strong resistance zones ahead. And a very important high is $21,473. Only after updating this high the downward structure will be broken and the road to $28k-32k will be opened.
At the moment I see a huge positive in the market and that worries me a bit.
I want to finish this idea by comparing the Bitcoin price and the cyclical market psychology chart. Take a look and compare, it will help make a long-term plan.
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StaFi : ARE WE GOING TO SEE NEW ATH 2023This coin has got our interest since some patterns change on-trend.
There is a good possibility this coin going to show an unexpected whale increase since the last data.
We will follow the coin to see if it can get confirmed.
At last, it will stay very interesting.
We had before on this coin a trend pump from $0,48 to 4 USD
BTC Ascending TriangleWhat is an Ascending Triangle? The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. However with this said we had a weekly and daily bullish div but haven't seen a massive push could see us forming a bearish div on daily, see us dropping to 12.5k and then forming a new daily bullish div which would continuate the weekly div making lower lows on the chart before bouncing into maybe the next bull run.
Buying Gold Right Now Good or Bad ?The metal have just reached the highest point in the last 6 months , and powell speech insisted to keep rising the interest rate if the high inflation keep going up , and all investors are waiting the consumer price index thursday , my opinion they will rise the CPI tomorrow , so the dollar can recover against the six foreign currencies . So no trades till releasing the CPI .
Have a Great Day .
BRIEFING Week #2 : First one of 2023 !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Coin on volume. Bounce from the resistance zoneWe observe strong growth in the asset. It is traded on increased volumes. Bitcoin has passed to a strong resistance level, can spill the entire market. Also our asset in the sellers area on a round number. Candles are closed with shadows, buyers have little strength. I expect a rebound from the level. Target - PoC volumetric level
REN: VOLUME CHANGE $0,10 This coin did show before a breakdown trend and depending on some order transactions but with market orders, it did 15% into an uptrend.
The big question is are this coin going to trend further to the critical $0,10 or it's going to break down?
Depending on the data it seems this coin has the right volume, it's only the question of which side this volume will be used as market trades playing also an important trend.
There is no a confirmation for downtrend and before also not, there were only high signals that this coin was able to breakdown, but how the market seems now it can still move to $0,10
it will stay an interesting coin depending on the volume out of it will break out further or return to the price action.
It's important to follow the last trends of markets as markets change with time.
This is not trading advice, this is only a view of how the market can play coming times.
# the volume of this coin is for the most part a market order volume ( directly entering), which means a trend volume. the reason for this is unexpected, with the time frame we could see if this volume can get confirmed to real breakout.
REN : BREAKDOWN VIEWREN seems to enter a new breakdown trend.
we will follow this coin for confirmation if there are new confirmations coming.
A study on this coin shows that there is a good possibility this coin is going to break down.
Same time it's breaking down at an important level.
BTCUSDMID TERM Expectations
Well Lets I give you my medium-term expectations. I do not believe that we have passed the bottom. There are several factors for this, ranging from economic to on-chain analytics.
Unfortunately, I can't attach the data on the on-chain indicators, but trust me, we have a stronger congestion than when we fell from 21500 a couple of months ago.
On the geopolitical side, in our world there is a large-scale war in the center of Europe that will require large cash infusions, an aggravation of the confrontation between China, the United States, and Iran, which is trying to develop nuclear weapons as soon as possible. All this is reflected in the fear of large players to buy.
In my opinion, the rate hike will last a couple more months until March, where the Fed will change its shoes as always, and we will see a huge injection of funds to support Ukraine and after the war and rebuilding (look at how the EU fought the recession in 2008) they poured huge funds into development of Turkey, built autobahns to create jobs, the same thing will happen with Ukraine. We will see a rapid reversal and exponential growth closer to summer.
The technical picture also looks like this: trading above 17800 on the daily timeframe is equal to a strong cancellation of the scenario at least to the 19300 zone, a fall from the current ones or through 17200-17300 is an ideal outcome for continuing the fall.
My goals for starting a position start at $14,000 and end at $9,800.
Think with your head and have a nice weekend