After sweeping the liquidity that was positioned just above 104,000 zone, BTC finally began the heavy dump on Dec 17th causing a heavy sell pressure in the market as predicted. Current solid support zone for BTC is the 90,200 zone where the upcoming reaction must be analyzed. If BTC breaks through the support level, it will most probably head for much lower...
As analyzed and predicted, USDT dominance seems to have completed its post-breakout retest and is currently heading for 4.35% - 4.70% level causing another sell pressure in the entire market. Some traders believe the dump in the market is the result of newest FED statement regarding the inflation but in fact we have been waiting for this dump since early...
After reaching about 62% level, BTC dominance started a heavy drop in Nov possibly hinting that the altseason has started. The index has recently broken its long term trendline that originated in Sep 2022. The current upward move in BTC dominance is probably the retest move of the broken trendline. This retest will probably end somewhere in the 58% zone and...
Following previous analysis, we watched USDT dominance as it broke out of its recent consolidation pattern resulting in a heavy dump in the entire market. As shown on the chart, it seems USDT dominance is completing a retest of the blue trendline and is expected to resume its upward move soon. So it is safe to assume that at least one more heavy sell pressure...
Sometimes a tool as simple as parallel channel can help us identify important support/resistance zones. Looking at the chart, it's obvious that TOTAL reached 3.6T zone. Not only is this zone the area where a couple of fibs exist, but also it is indeed the upper boundary of the long term ascending channel. Higher possibility scenario is to see a drop towards 2.5T...
As it was mentioned several times, 104,000 zone was a critical area for BTC and as you can see upon reaching that zone, BTC had an instant sharp dump towards 90,000 level. After some post-dump recovery (dead cat bounce), BTC and the entire market began dumping again today and based on several confluences, BTC will most probably see lower levels and the CME gap...
Looking at the chart, it seems USDT dominance is possibly forming a bullish consolidation pattern these days. Based on current chart's status, another drop can be expected before we see a possible strong upward move towards 4.35% - 4.70% zone. in that case, BTC can form a new ATH (102,000 - 104,000 area) before a possible strong dump towards the CME gap. It is...
Following Trump's victory BTC showed a strong pump but failed to push through 100,000 level after many traders started to take profit near that level and subsequently BTC started to dump as predicted. After reaching 90,000 zone on Tue, BTC has been doing some price recovery for the past two days. What comes next is important. within the next couple of days If...
GOLD followed last week's analysis nicely when it reached $2,720 zone and started a heavy drop on Monday, Nov 25. As mentioned previously the recent up move in Gold (from $2,530 to $2,720) has probably been a temporary correction in the major mid-term downtrend. Upon breaking below the indicated trendline, Gold shall continue its downward move creating a nice...
Despite having some bearish signs, TOTAL3 DID NOT follow previous analysis and crossed above the resistance zone and this resulted in an Altcoin Party (many coins having nice pumps in the past few days). Now that TOTAL3 has had a break-out, it is expected to be followed by a retest. In case the possible retest gets deeper (internal retest), TOTAL3 must not drop...
USDT dominance is preparing to do a retest of the 4.35% - 4.70% zone so the market will have some correction. The next drop in USDT.D is probably going to be an extended wave meaning that the pumps in altcoins are probably going to be stronger so it is suggested to have some liquidity/cash in order to buy that dip.
Total3 has reached a heavy resistance zone and give the fact that its recent ascending trendline is already broken, it is quite possible to see some dump in the market towards 690B - 727B zone. If TOTAL3 continues to drop below 665B level, the drop becomes deeper and more time-consuming.
Following previous analysis, GOLD price has been rising for the past few days and just as predicted, $2,638 level was hit today. GOLD price will probably continue this temporary uptrend for a few more days towards the possible target of $2,662 - $2,692 zone before continuing the major downtrend move. In fact by the end of Nov or early Dec, Gold is expected to...
Analysis on BTC shows that we can expect a short-term correction in the market. As price and volume divergences have appeared on the chart, it can be safe to assume that BTC can't probably proceed to higher levels without having some price or time correction. The blue trendline on the chart is the trigger line for a price correction. The first target of the drop...
Looking at TON's chart it seems a breakout is close. Ton has been consolidation for several months and as long as it is above the long term yellow trendline, higher targets of 6.97, 10 and 15 are available. The only problem that remains is BTC's possible dump to fill its CME gap.That's why the tight SL of 5.0 level is selected. If TON manages to thrust out of the...
In the previous analysis it was stated that Gold is heading for 2,770$ and 2,835$ as the final targets and more importantly it was clearly stated that the ongoing Gold rise would be the final one before we see a significant correction/drop in price. Just as the US elections was concluded, Gold reached the high of 2,790$ and then the heavy correction began. Gold...
USDT dominance is preparing for an upward move. Initial confluences have already appeared on the chart. Crossing above the blue trendline shall trigger an upward move towards 4.70% pivot zone. The possible upward move shall cause BTC to drop to lower levels to fill its CME gap that is identified in the previous posts. Market is highly dangerous for opening...
#BTC analysis (long term) BTC has been rising since 15,000 zone and after months of consolidation since March, it has reached 87,000 zone now. Considering the price range of the consolidation phase, BTC is currently in a tough resistance zone (82,500 - 88,000) where it will probably stop its recent parabolic rise for a while. Given the wide gap that has...