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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on WEEKLY TF, dropped hard this week, with that had a liquidity sweep and retest the market structure point. Next week we have some strong fundamental news which can bring strong moves in the market.
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#NEO/USDT ANALYSIS
NEO is rebounding from the support trendline of the ascending triangle pattern and is currently trading above the Ichimoku Cloud, which is acting as support. A solid breakout from the pattern would confirm a bullish trend. Keep a close watch on it.
$DXY UPDATE :
$DXY had a push higher and eventually rejected hard with a huge wick reached the major support area again. Index is now holding at the trendline support. Next week gonna be interesting, so eyes in dollar Index.
As expected, price rejected from the weekly resistance which is the final area of resistance too. Still maintaining the bullish market structure and might move up. Hoping for the new All Time High very soon.
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#ETHBTC has broken out of the range. Momentum remains strong, structure intact.
The previous breakout triggered an explosive leg in #ETH. If we see a similar reaction, the domino effect on alts could be massive 🐂
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending channel, with the Ichimoku Cloud acting as a resistance near the upper boundary.
A breakout above the channel would confirm a bullish trend, while continued consolidation within the pattern remains possible.
#BTC/USDT ANALYSIS
Bitcoin is facing rejection from the Ichimoku Cloud, which is acting as a strong resistance barrier.
A bounce from the horizontal support/resistance level is expected watch closely for the next move in price action.
#BTC closed strong bearish and retraced a little bit, price likely to have rejection and can lead further lower too. New Resistance area if now at $115,000 and key resistance at $116,700 - $117,000. A flip is required for a bulls confirmation.
WAS THAT THE ETH TOP?
ETH has now had a "quadruple top" as the rally has been stopped at a long term resistance of close to $4,000.
Are we recovering again or?
#BTC/USDT ANALYSIS
Bitcoin is facing strong rejection from the resistance trendline of the descending triangle pattern and is currently trading within the horizontal demand zone.
#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone of the descending triangle and is currently trading below the pattern’s resistance trendline.
#BTC.D UPDATE :
#BTC.D caught up in a new range and respecting the level both sides. The support and resistance is at 60.5% and 62% respectively. We need to see some clear breakout and can anticipate the next altcoins directional move.
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