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DXY Falling Below $106 - Cue AltSeason in March!The biggest shock to everyone is going to be the price of CRYPTOCAP:BTC going DOWN while ALTS skyrocket 🚀 As I have discussed in my macro thesis, the TVC:DXY is FINALLY breaking down on the Weekly along with the 10Y. RSI has topped and Price broke below the WMA9 & 20. Just waiting on the WMA9 to break below the WMA20 for final confirmation. Historically when this happens... it’s ALTSEASON BABY!!! 🥳 After this happened in March 2017, BTC and ALTS pumped together, then BTC went down 33% while ALTS exploded higher over a 3 week period before BTC rallied alongside again.
COINBASE:BTCUSDLong
by jonnieking
$BTC Remains Bullish Despite Tariff FearsMarket is panicking over Tariff Wars, but ₿itcoin continues to remain in a bullish uptrend. CRYPTOCAP:BTC got rejected hard at $104k on the Weekly, and has closed below the 9WMA. Strong possibility of price trading $94-91k. A range for a few weeks might appear painful, but will give the market time to reset and accumulate all that liquidity for the next leg up. Price is nowhere close to the 20 or 50WMA, so there’s nothing really to worry about structurally at this point. The Bull Case is price is closing above the .382 Fib, so we could slingshot up if we get some bullish catalysts next week. WHEN IN DOUBT, ZOOM OUT.
INDEX:BTCUSDShort
by jonnieking
$BTC Closed Outside 250D Range - PREPARE 4 BLAST OFF14 days until the next Rate Cut, and the following day is the Presidential election 🇺🇸 CRYPTOCAP:BTC just closed its Weekly Chart outside a 250 Day accumulation range. You’ll never see $60k Bitcoin again. You should be FULLY deployed by now. Spot Only. NO LEVERAGE. Don’t be a trader. Sit on your hands the next 12 months and just follow the charts for indicators on when to sell and the TL for euphoria. CRYPTOCAP:USDT.D should be your main focus on when to exit the market completely.
Long
by jonnieking
BTCUSD: Bulls must defend the weekly close tonight!18970 area used to function as a weekly resistance in November 2020. The moment we broke through and flipped it as support we had a huge pump. Likewise, bulls must now defend this price on a weekly level if they hope to see a bounce higher. Should they fail to protect this level I suspect we will visit the green box very soon. Some other important prices on this chart are the following (explaining for more context) -- Blue line is the previous (2017) ATH -- Blue dotted lines are the wicks of last week's candle (it also was our "inside week" - I'll explain what inside week is in some other post) -- Orange dashed lines are important weekly wicks -- Orange line is the weekly close of 2017 ATH -- White line is a very important RS flip on daily timeframe -- Yellow line is our next monthly support -- Purple MA is the 200W MA
COINBASE:BTCUSD
by Athantonios
1
GOOGL Weekly Resistance| S/R Flip| Blue Sky Breakout Evening Traders, Today’s Technical Analysis – GOOGL – breaking a multi-year weekly resistance with strong volume. Consolidation and a retest of structure will confirm a new range. Points to consider, - Multiple weekly closes - Strong volume - S/R Flip retest (confirmation) - Local high (blue sky breakout GOOGL has closed consecutive weekly candles above structural resistance. this shows strength in price action as volume was considerably high at the point of break. A Support/Resistance Flip will further confirm a true break as this will solidify the new support GOOGL is in a strong multi-year bull trend, taking out the recent highs will establish a blue sky breakout. Overall, in my opinion, GOOGL confirming an S/R flip will be extremely bullish. This will mean that the multi-year range has broken and price is likely to establish new highs. What are your thoughts? Please leave a like and comment, And remember, “The hard, cold reality of trading is that every trade has an uncertain outcome.” ― Mark Douglas,
NASDAQ:GOOGLLong
by The_Alchemist_Trader_
ETHBTC Weekly Candle Close| Support Zone| Price Action Today’s Technical Analysis – ETHBTC – testing a weekly level with an important candle close Points to consider, - Weekly structure - S/R flip - Volume below average - Structural resistance ETHBTC is testing an important weekly zone that must remain as support to further solidify the S/R Flip. A bullish candle close (hammer candle) on a weekly structure will show strength in price action. It has held previously, leading to an impulse move into structural resistance. The volume at current given time is trading below average, similar at previous hammer candle closes. Bull volume needs to increase for follow through, price has been declining for the past 3 weeks, a relief rally will at some point be imminent. Overall in my opinion, a candle close above the support zone is quite bullish especially on a weekly time frame. If price breaks support zone, this will mean breaking structure, lower levels at previous double bottom will then be targets. What are your thoughts? Please leave a like and comment, And remember, “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” - Paul Tudor Jones
Long
by The_Alchemist_Trader_