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BTC Dominance Is Loving This RangeBTC Dominance Is Loving This Range Yet again BTC Dom has bounced off this 40% support level - this can be interpretted many ways the most likely in this case is that BTC will likely be holding its cap (possibly even capital coming into it) whilst money drains out of the wider ALT market. With the USDT dominance looking like it might be dropping there could be a migration of ALT capital into BTC. Remember that when this happens this will "double" the impact of the BTC Dominance so not necessarily menaing that the Bitcoin price is going to fly....at all. Remember the dream scenario is always: BTC Price Rise ALT Market Cap Rise BTC Dominance Fall USDT Dominance Fall
CRYPTOCAP:BTC.DLong
by Kryptochristian
4
BTC - Almost Halfway Through The Accumulation E've been comparing recent BTC capitulation and now accumulation at the lows with the one in 2015. They are very similar in accumulation structure as well a how deep both capitulations went. Don't get me wrong, i don't thing this is a true bottom formation like it was in 2015 leading to the next bull run, but only forming a local bottom that just happens to be very similar as one in 2015. After completing this accumulation i still expect BTC will go into a retracement that can still take us slowly back in 45-50k area, before continuing the falL. From the comparison with todays price action wth the 2015 one, we can also expect btc to still reach the top of the range, make even higher local high (green box) and still then fall down to the bottom of the range (orange box), before starting a long awaited retracement. It all depends on a macro picture of the economy by itself. Will see what the stock market does first, but charts do show a local bottom being set for now. DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
by AVA37
4
What's next for DXY? Based on the potential 2013 cycle and fed balance sheet - anticipation is that dxy should sideway to avoid extremes - - we can't move down as we have inflation and we can't move agressively a lot more up as we will kill the markets. Dxy should stay within the projected range with slight downish bias for the next few weeks - but first emaflow entries will produce a buy signal which likely causes a test upwards which will reject and take us lower near the bottom of the green zone. Highly suggest to check as it includes all the charts that explain the mindset behind this.
TVC:DXY
by EMAflow
7
ETH - A busy, but important chartOkay yes there's a lot of lines on this one, I puked all my thoughts out onto it and tried my best to explain with text. I categorized this as a Long, however with potential more downside first... here's why. Summary: - want to reclaim 50th percentile of the overall fib (and breakout of downward sloping channel, at the least the channel eq) - want to hold current support @ 1281 - if triangle is in play, target below in yellow back to downward sloping range low - previous range base was also a significant range form January 2021, interesting is all - elliot wave counts left out, might upload those later but they're on my YT - bearish order block above in red (tapped twice) - 786 fib is a must hold imo if we want no lower Let me know what you think of Ethereum's current price action - in the comments! V
COINBASE:ETHUSDLong
by cryptovatsik
2
DONT FOMO INTO LONGS JUST YETWe are all looking at the same chart and thinking the same thing. SPY COULD have a serious bounce on the 200ma with a POSSIBLE bullish divergence on MACD and RSI. Many have already begun to FOMO into a possible year end rally as we have been rallying hard the past few days. This year is also a midterm election year (midterm election years usually have a rally beginning election time into the middle of the following year). However, this years year end rally is still not confirmed and going bullish so early would be disrespectful to the insane bear market we are having. Expect a retest of the 200ma in the coming weeks with the price coming back down to ATLEAST between 265 to 260, if not lower. If it holds, there is a definite possibility we could be testing 400 at the end of the year to beginning of 2023. However, for this upcoming month I am expecting us to be range bound. There are so many big earnings with banks reporting in the third week and big tech reporting in the last week of the month. Expect for us to have a better direction beginning of November. Also, do not be surprised if we do not bounce at the 200ma. This bear market is no joke. If earnings are bad and we break down, be ready for a possible 320. Also note Credit Sussie CEO will deliver their turnaround strategy on OCT 27, aligning perfectly with with the end of big tech and bank earnings. How the market reacts to their strategy will also weigh into the direction the market will take to close the year. Till the breakout in either direction is confirmed, be smart and play the range that will form.
AMEX:SPY
by MoRafi
BTC - Range Getting Narrower! UPDATEHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been ranging for a couple of weeks now between the upper blue zone 22500 and lower green zone 18000. Lately, BTC is getting stuck inside a narrower range, inside the red trendlines . So from a short-term perspective, as BTC approaches the upper red trendline, we will be looking for sell setups, and as it approaches the lower red trendline, we will be looking for buy setups. In short, we will be trading the range. Until eventually it would be broken upward or downward. UPDATE: Now BTC is approaching the upper red trendline, so let's see if the bulls will be strong enough to break it upward. In this case we want an H4 candle close above it. Or the bears will reject it and trade lower. In this case, we want a short-term bearish reversal setup to form and get activated on lower timeframes. If we break above the 20500, then a short-term bullish movement till the 22500 in blue would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
28
BTC - Range Getting Narrower!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been ranging for a couple of weeks now between the upper blue zone 22500 and lower green zone 18000. Lately, BTC is getting stuck inside a narrower range, inside the red trendlines. So from a short-term perspective, as BTC approaches the upper red trendline, we will be looking for sell setups, and as it approaches the lower red trendline, we will be looking for buy setups. In short, we will be trading the range. Until eventually it would be broken upward or downward. If we break below the 18k, then further long-term bearish impulse would be expected. If we break above the 20500, then a short-term bullish movement till the 22500 in blue would be expected. By break, I mean a momentum candle close from H4 or Daily. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
25
JICPT| USDCNH on the way to test 7.2Hello everyone. My latest published idea with the title of USDCNH is likely to test 7.01, is absolutely right. Now the upper boundary of the range(7.01) has been conquered. What's next? On the fundamental side, CNH is expected to be weaken due to the loose monetary policy to support the economy. I think China and Japan are the two major powers in the world keep or lower the interest rate. China's CPI is 2.5%, well below that of US. Also, China's export is losing its momentum. so the weaker CNH will help to maintain its competitive in the market place. However, China aims to make Renminbi the next global currency. So, CNH(offshore Renminbi) is required to be stable to attract foreign investors. So the question is where is the possible level government would step in? I guess 7.2 is the key level we need to focus on. The level is the previous high created during the pandemic back in 2020. On the technical side, the range works until it's been firmly penetrated. The upper boundary of the new range is coincided to be 7.2. Let's see how it approach the key level. What do you think? Give me a like if you're with me.
Long
by JICPT
2
$HUM, $XLV, Healthcare sector worth watching nowIf you have been invested in healthcare stocks or ETF's you may want to take profits between now and the end of October. I am keeping an eye on this chart for some good trades. It is a low volume stock with very low options volume, so be very selective with your entry time/place and your option price. Daily trading ranges can be large or small, so give extra consideration to time frame and holding time in your trade plan. Please note on the chart: * Linear regression channel shown from 2019 * Yellow dashed lines showing 370-470 trading range * Light yellow rectangle shows two-year range which was recently broken higher * White line (channel center) regularly acts as support or resistance, price is wavering along this line * RSI only had one instance of going over 67 (white oval) or under 33 since 2019, and that resulted in sharp reversal, for now it is moving lower * Stochastic %D has completed three peaks since dipping below 30 and is now turning down Price was weak on Monday and closed lower, but still in its recent range (sideway. I am looking at a few possibilities for trades: * If the market rallies this week HUM may stay under the white line and selloff down to 457, 435 * If the anticipated October leg down occurs, then price may move up to analysts' 550 price target (also top of channel) * Price has been sideways for two weeks, so it should move higher/lower soon
NYSE:HUM
by OptionsRising
4