ETH broke out of the triangle, which is very good signs for bullish.
Before you start targeting the previous high, wait for the red area to be broken because if we form resistance there, this consolidation can form another pattern (rising wedge) that would actually be bearish. This is just hypothetical, but we need to observe all possible scenarios and choose the most probable one.
So far, the most probable one is a continuation of the move up.
Before you start targeting the previous high, wait for the red area to be broken because if we form resistance there, this consolidation can form another pattern (rising wedge) that would actually be bearish. This is just hypothetical, but we need to observe all possible scenarios and choose the most probable one.
So far, the most probable one is a continuation of the move up.
Crypto Signals
Bitcoin is breakout out of the falling wedge. This is the first bullish sign since the beginning of this retracement and it’s happening exactly at the support, which adds confluence to this setup. The first major target and resistance is at $9250.
We’re very close to reaching the first major target and resistance.
Crypto Signals
Bitcoin is breakout out of the falling wedge. This is the first bullish sign since the beginning of this retracement and it’s happening exactly at the support, which adds confluence to this setup. The first major target and resistance is at $9250.
From support to a major resistance and then rejection.
The main resistance was front-run by $25 but it’s still an awesome market move of more than $600.
The main resistance was front-run by $25 but it’s still an awesome market move of more than $600.
Crypto Signals
ETH broke out of the triangle, which is very good signs for bullish. Before you start targeting the previous high, wait for the red area to be broken because if we form resistance there, this consolidation can form another pattern (rising wedge) that would…
The move down shouldn’t be a negative sign at all.
For ETHUSD for example, if this area holds, we can expect uptrend to continue.
On the other side, if it closes below, the price action above was a shakeout and the opportunity to catch the majority on the wrong side.
So, wait for it to show you sign, don’t guess what’s about to happen.
For ETHUSD for example, if this area holds, we can expect uptrend to continue.
On the other side, if it closes below, the price action above was a shakeout and the opportunity to catch the majority on the wrong side.
So, wait for it to show you sign, don’t guess what’s about to happen.
The whole world is entering the phase where nothing is impossible.
We just woke up with the biggest opening gap in the history of Crude Oil.
Guys, this is the weekly timeframe and look at this gap that’s more than 1000 pips 🤯
Just two months ago, OIL was trading at around $60 and now it’s down to $30.
It’s a drop of more than 50% having in mind that the low is around $26-27 area.
When someone says that Bitcoin is too volatile, show them this chart so they can question what they’ve just said.
Yes, it’s volatile but so others commodities and currencies are that are way bigger and those drops actually affect the whole economy.
When Bitcoin drops 50%, it’s a loss of $50-100 billion. When this happens with OIL for example, we’re talking about trillions…
We are waiting for the US stock market to opens because we may be witnessing one of the biggest drops having in mind how important role OIL has in the US industry.
We just woke up with the biggest opening gap in the history of Crude Oil.
Guys, this is the weekly timeframe and look at this gap that’s more than 1000 pips 🤯
Just two months ago, OIL was trading at around $60 and now it’s down to $30.
It’s a drop of more than 50% having in mind that the low is around $26-27 area.
When someone says that Bitcoin is too volatile, show them this chart so they can question what they’ve just said.
Yes, it’s volatile but so others commodities and currencies are that are way bigger and those drops actually affect the whole economy.
When Bitcoin drops 50%, it’s a loss of $50-100 billion. When this happens with OIL for example, we’re talking about trillions…
We are waiting for the US stock market to opens because we may be witnessing one of the biggest drops having in mind how important role OIL has in the US industry.
What’s the most terrifying are the news that are coming from Italy where there’s a huge surge in a number of people who died from Coronavirus.
If you don’t know, 25% of Italy is in quarantine and everything is locked down in the whole country until at least April 3rd.
Do you know how much this is going to impact the Italian economy?
They’re living out of tourism and now everything will be closed for months and people will still be afraid to go there after hopefully the virus is gone.
Italy is still a small factor in world’s economy but just imagine what would happen to the world’s economy if something like this happens in a bigger country like the US?
People are asking is it smart to short S&P500 or and bet against it.
If the worst scenario will happen, all you need is food and water because nobody will care about how much money you have if it’s going to lose in value.
I’m not saying it’s going to happen, but after this drop of Crude Oil, nothing is impossible, especially in the bubble we’re living.
Stay safe!
If you don’t know, 25% of Italy is in quarantine and everything is locked down in the whole country until at least April 3rd.
Do you know how much this is going to impact the Italian economy?
They’re living out of tourism and now everything will be closed for months and people will still be afraid to go there after hopefully the virus is gone.
Italy is still a small factor in world’s economy but just imagine what would happen to the world’s economy if something like this happens in a bigger country like the US?
People are asking is it smart to short S&P500 or and bet against it.
If the worst scenario will happen, all you need is food and water because nobody will care about how much money you have if it’s going to lose in value.
I’m not saying it’s going to happen, but after this drop of Crude Oil, nothing is impossible, especially in the bubble we’re living.
Stay safe!
It seems like US stock market is more volatile than Bitcoin…
https://markets.businessinsider.com/news/stocks/stock-market-news-today-indexes-plunge-oil-market-coronavirus-selloff-2020-3-1028978137
https://markets.businessinsider.com/news/stocks/stock-market-news-today-indexes-plunge-oil-market-coronavirus-selloff-2020-3-1028978137
Business Insider
Dow plunges more than 2,000 points, biggest decline since 2008, as coronavirus fuels market turmoil
The S&P 500 plunged as much as 8% on Monday — its biggest intraday drop since 2010 — before closing 7.6% lower. The benchmark in...
The third confluence is wave pattern and so far, the second impulsive wave is smaller than the first one which is a bullish sign.
All technical signs tell us that price if this is a bullish market, has to stop around $7600-7700 and bounce from that area.
If it doesn’t, don’t look for some low or mid 7k because most likely 6k area is coming again.
All technical signs tell us that price if this is a bullish market, has to stop around $7600-7700 and bounce from that area.
If it doesn’t, don’t look for some low or mid 7k because most likely 6k area is coming again.
To conclude, if we’re in an uptrend, the price has to find support here. If it breaks, it will go to $6k again and in that scenario, it may make a bounce but then I’m not looking for an uptrend but a potential break of that 6k support.
Are we at the beginning of a big global recession?
After the US, here’s another world-leading country that did emergency rate cut from 0.75% to 0.25%.
It seems like coronavirus is doing what I was talking a few weeks ago and we’re still very early and the world is already in a panic.
I have insider information that countries with less than 20 cases already closed schools and all public events.
If this continues, we’ll see something we never see. This is not bullshit talk but in the world where every company is working in debt (good debt that helps them grow and expand) few months without profit or months in loss can seriously endanger their existence.
Just wait for the quarterly earnings report and you’ll see what I’m talking about. That’s when I expect the global stock market to nosedive and we’re less than three weeks from that.
https://markets.businessinsider.com/news/stocks/drop-in-ocean-boe-rate-cut-fails-calm-coronavirus-fears-2020-3-1028984478
After the US, here’s another world-leading country that did emergency rate cut from 0.75% to 0.25%.
It seems like coronavirus is doing what I was talking a few weeks ago and we’re still very early and the world is already in a panic.
I have insider information that countries with less than 20 cases already closed schools and all public events.
If this continues, we’ll see something we never see. This is not bullshit talk but in the world where every company is working in debt (good debt that helps them grow and expand) few months without profit or months in loss can seriously endanger their existence.
Just wait for the quarterly earnings report and you’ll see what I’m talking about. That’s when I expect the global stock market to nosedive and we’re less than three weeks from that.
https://markets.businessinsider.com/news/stocks/drop-in-ocean-boe-rate-cut-fails-calm-coronavirus-fears-2020-3-1028984478
Business Insider
'Drop in an ocean': Bank of England's emergency rate cut lifts European stocks, but coronavirus fears rattle global markets
The Bank of England cut interest rates by 50 basis points on Wednesday. The central bank cited a 'marked deterioration' in risk appetite and the...
The question that interests you the most is what’s going to happen with crypto.
It’s really hard to predict because crypto is not affected by this situation directly. Its price is solely dependant on speculation. Some people will say that there are companies in crypto that may face problems.
Yeah, it’s true but the big majority of them are tech companies so their workers can be working from home, so even in the worst-case scenario, I don’t expect them to be closed completely.
I will repeat one more time that no matter what will happen with coronavirus, it’s bullish for crypto in general.
People will lose faith in fiat money, there’s going to be the fear of virus that may be on the surface of paper money, lack of trust in government...
I think it will force people to start looking for some alternatives and hopefully, they’re going to discover crypto.
Short term speaking, fear can do anything and we can see moves in any direction from smaller ones to huge ones.
But long term, as I said, I expect people to start looking for fiat alternatives, especially if we see a crash of the global economy which is not excluded.
It’s really hard to predict because crypto is not affected by this situation directly. Its price is solely dependant on speculation. Some people will say that there are companies in crypto that may face problems.
Yeah, it’s true but the big majority of them are tech companies so their workers can be working from home, so even in the worst-case scenario, I don’t expect them to be closed completely.
I will repeat one more time that no matter what will happen with coronavirus, it’s bullish for crypto in general.
People will lose faith in fiat money, there’s going to be the fear of virus that may be on the surface of paper money, lack of trust in government...
I think it will force people to start looking for some alternatives and hopefully, they’re going to discover crypto.
Short term speaking, fear can do anything and we can see moves in any direction from smaller ones to huge ones.
But long term, as I said, I expect people to start looking for fiat alternatives, especially if we see a crash of the global economy which is not excluded.
And officially, coronavirus is pandemic.
This is getting worse and worse.
All the things I was saying weeks before are happening now.
This is going to inject more fear in the whole world causing world’s economy to inject a lot of money in preventing the virus which means more debt, possible new rate cuts and all that before quarterly earnings report that in case will be negative (most likely) stock prices are going to keep dropping and whole world’s economy will continue to suffer.
And not forget the OIL war and increase in the OIL production that will increase supply and push prices even lower.
They couldn’t choose the worst time for an increase in production because demand is pretty low at the moment and will probably continue to decrease cause people won’t be moving too much and would rather stay at home.
Stay safe from both coronavirus and sudden market moves that can happen anytime. There’s no market indicator or technical analysis that can prevent fear reaction. When people are fearful, nothing is impossible.
https://www.businessinsider.com/who-declares-coronavirus-pandemic-covid19-2020-3
This is getting worse and worse.
All the things I was saying weeks before are happening now.
This is going to inject more fear in the whole world causing world’s economy to inject a lot of money in preventing the virus which means more debt, possible new rate cuts and all that before quarterly earnings report that in case will be negative (most likely) stock prices are going to keep dropping and whole world’s economy will continue to suffer.
And not forget the OIL war and increase in the OIL production that will increase supply and push prices even lower.
They couldn’t choose the worst time for an increase in production because demand is pretty low at the moment and will probably continue to decrease cause people won’t be moving too much and would rather stay at home.
Stay safe from both coronavirus and sudden market moves that can happen anytime. There’s no market indicator or technical analysis that can prevent fear reaction. When people are fearful, nothing is impossible.
https://www.businessinsider.com/who-declares-coronavirus-pandemic-covid19-2020-3
Business Insider
World Health Organization declares the coronavirus a pandemic
The novel coronavirus that emerged in China last year has sickened more than 121,000 people and killed over 4,300 people.
If you have 3 minutes, read this article because it can change the way you look at the world.
I said a few times before that, in my opinion, this is a human-made virus that was created with a purpose.
I didn’t have any proofs and it’s really hard to get proofs unless you’re working for some top worlds organisations.
But here’s something that my confirm my point and that the whole coronavirus drama is pre-planned.
Here’s the insider information I got and the post from January 31st, 2020.
At that time, it seemed like a guy similar to me talking something without any proof.
But then, he’s mentioning Italy as the next country that will be affected by the virus and where the next major outbreak will be.
Do you think this guy was just lucky to guess this, or he knew something we don’t?
I said a few times before that, in my opinion, this is a human-made virus that was created with a purpose.
I didn’t have any proofs and it’s really hard to get proofs unless you’re working for some top worlds organisations.
But here’s something that my confirm my point and that the whole coronavirus drama is pre-planned.
Here’s the insider information I got and the post from January 31st, 2020.
At that time, it seemed like a guy similar to me talking something without any proof.
But then, he’s mentioning Italy as the next country that will be affected by the virus and where the next major outbreak will be.
Do you think this guy was just lucky to guess this, or he knew something we don’t?