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BTC's Short-term Trend Is Weak, The Market May Continue To FallIt is reported that Maxine Waters, chairman of the U.S. House of Representatives Financial Services Committee, said at a hearing on cryptocurrency by the Supervision and Investigation Subcommittee that the committee has begun a thorough investigation of the crypto market. When trying to better regulate cryptocurrencies (including cryptocurrency issuers, exchanges, and investments), regulators and Congress will face many challenges. The committee not only makes this market with low regulatory limits more transparent but also ensures that protective measures are in place. At present, it has begun a policy review of this market. Back to the market, Bitcoin continued to decline in the short term, falling below the support of $34,000. The short-term correction is strong and the trend is weak. The support level could be focused on the $32,500 line. If the price breaks, it will continue to fall; if it does not break, the market may rebound. The upper resistance level could be focused on the $36,500 line.
by UnknownUnicorn4950529
[BTC]: The most important Bitcoin graph for next weeks!!!This is the graph that change Bear trend to Bull trend, where candel will be clossing in green today at 0:00UTC - bullish convergence clarly seen on the most influencial graph (BTCUSDT Perpetual Binance) shwoing up we are going up midterm - bearish convergence showed us that we are going down midterm also - BTC short on Bifinex showed the manipulation made in order to start the rocket properly - we are destroying the strongest volume resistance right now - ... After few day/weeks you will see how right I was, not to mention I did call Alts top in Twitter this year and Crypto market top in 2018 also! And as you know, BTC sets the trend for other also since it dominates the largest piece of cryptomarket.
Long
by Samoto
STOCKS with a fake-rally?Good evening guys! Damn.. what a sudden pump in the equitiy-market today ignoring all resistance-zones. "Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession." To be honest: When I saw the jobless claims I was pretty confident for our trades as good economic data should increase the likelyness for a tighter monetary policy in the future and did not even consider to early exit. That is by the way what I`ve mentioned with "it is tricky" as we don`t know how the market is going to react. When I look at the entire market I expect this move to be a trap for "liquidity-monkeys" giving big players good prices to distribute more of their positions. NZD/USD () aswell as AUD/USD () are both looking bearish to me not really following the todays risk-on-mood. The volatility in the crypto-market is also showing less risk-appetite as Bitcoin moved up to 43.000 is currently below 40k, of course also caused by news from the USA (worries about the anonymity, money laundering etc.)... All very fishy to me... However, EUR/USD is closed with -25 pips (-1%) aswell as NAS100 -160 point (-1%), while AUD/JPY and NZD/JPY are both still active looking goos for now as major supply-zones are holding. For now I will observe how the market acts at the current highs and will check the volume before I execute any further trades. Fundamentally it`s clear to me: Inflation aswell as the provided liquidity pushed equities and caused the entire rally. More positive news from the USA should hurt the stockmarket and boost the demand for the US-Dollar as many shaky hands are sitting on their profits! Crazy market! ;-D
OANDA:SPX500USD
by Trading2ez
2
Possible Turning Point in Dow and other indices21st-28th of June 2021 will probably be a turning point in the different indices. This analysis is done in Dow Jones since Dow tends to drag the other indices down if it is weak and up if it is strong. Different time cycles has been used such as the fibonacci numbers 21, 34, 55 and 144. They all align somewhat perfectly to the day late in June. This is a weekly chart. Furthermore, the 72-week cycle (learned from Tom Hougaard and I take no credit whatsoever of this cycle) also aligns somewhat perfectly to the days late in June. I did this research a week ago but I thought that I wanted to publish it here as it might be interesting to some people. Disclaimer: I am not a fortune teller and I do not know why or exactly when the market will make a turn. I merely did some research on Dow and saw these time cycles align on the weekly chart. When these cycles align they tend to make the market turn for some reason as history has shown us.
TVC:DJI
by benjaminstryhn
1
DJ30 will Fall to 32200 the Upcoming Week - Part 3 (Recovery)Here, I am using trend analysis to highlight market psychology, it's corrective actions, and why I believe this week is substantial. Ideally, after an abrupt market crash, the market would rebound to the same prices as before instantly or so. The Market Effifciency Hypothesis is not idealistic, though, and it takes into account the friction that it would take some time for the prices to settle. Yet, the is efficiency hypothesis has been proven wrong millions of times -- unless we wait till infinity -- as prices settle for long periods on over or undervalue, yet it's a popular belief among fundamentalists. Nevertheless, the hypothesis is write in the sense that there is equilibrium and this is controlled by diverse tensions. Obviously, one would need no hypothesis for that. Based on such equilibrium, I present this idea for why DJ tends to fall back to the same trend pre-COVID19 crash, as it has to do with the phases of recovery. Let's break down what's in the chart: Pitchforks: One is for the Denial phase trend, the other for the insistence phase. [* [Trend lines: Two showing the resistance and support of the pre-COVID19 trend, and the below one showing the prominent resistance since the crash. The phases of recovery (shown as corrections): Denial: A belief that the market would rebound to the same levels quickly, nor realizing that many industries were affected by the COVID-19 lockdowns which should affect their stocks values. Not to mention the market's inherent inefficienies. Insistence: After the first correction, we realized that the market can't rebound instantly, yet we are motivated more and are moving faster than ever before to catch up and surpass the previous equilibrium. We become arrogant. Acceptance: We surpassed the previous equilibrium and thought we were invincible only to find out that pride is not a value per se. This corrections bring us back to the ground, metaphorically speaking. From the trend lines, as you can see, the correction I am forecasting would bring us back to the equilibrium. Yet, due to the aforementioned inefficiency, it could be a beginning of a short-term down turn as the market overreacts. Yet, the equilibrium would prevail eventually until the market is no more reactionary and forgets about COVID19 altogether. Only then a new equilibrium could be found. This week we are hitting at full speed the prominent resistance since the crash of last year, which is not a small feat, given the laws of physics. Since the resistance became prominent, such action caused a rebound. This time, aliigned with a Fibonacci crossroad (see part 1), it could be more than a mere rebound.
CAPITALCOM:US30Short
by MontyMacht
SPY - Called the top at 422, let's see if the retrace continues I called the SPY top at 422. SPXL was hovering above $100 and I thought wow, what a recovery from $30 levels. More than 3x returns? Likely not without retrace! Next few days, we see SPY dropping. Today was the most impressive drop! Might be a good time for yearly investors to "Sell in May, Go Away," if you are happy with your profits or family members need it. It's already been an amazing economic recovery for many. If not, keep holding. Downturns happen, we'll see what kind of teeth this one has.
AMEX:SPY
by Grandmaster76
TRX- Diagonal patternInteresting ideas for joining NFT and getting into Defi, this news, in general, can be very useful for this network and Token. In the 5-day chart in TRX / BTC, the Diagonal pattern can be seen, which can indicate the termination of the downtrend and the formation of a very strong long-term uptrend, and reaching the initial targets of 1083 and then 3332. In the daily chart and against the dollar, we are in the 3rd wave, which by counting the wave, the price movement can be extended up to 34 cents. According to the wave balance line, we can have a target of at least 70 cents for this Token.
by NirmataFX
1
USDJPY H4 FORECAST BUY 1.5R TARGETWe consider to buy this pair because the New Jerusalem Ultimate Band Indicator signal line is very bullish though it suggests that there might be a short pull back and then the price will continue to shoot up before we get stopped out. Also the price has attained a strong support from the New Jerusalem Band Indicator lower line suggesting a strong bullish move awaiting the market to open so that it may continue to manifest. We manage and protect our capital buy using a reasonable lot size and not to risk more than 2.5% of our capital and we open one position only until we hit our profit target. Our exit levels are as shown on the chart. Wish you a successful week ahead.
Long
by Piptera-Digital-Solutions
3