Bitcoin 1 hour. We're continuing to move from support, and we need to reach resistance at 77.5k and break through it. If you've noticed, we’ve breached this level twice and almost hit 80k.
$BTC Bitcoin 1h. We're continuing the move from support, we need to reach resistance at 77.5k and break through it. If you noticed, we've breached this level twice and almost hit 80k.
Bitcoin dominance has finally broken out to the upside, which is why alts are either stagnant or dropping. Here we can expect a rally in wave Y to the height of the triangle, or we might see a test of the historical trendline. Overall, it's looking bullish.
Bitcoin dominance has finally broken upwards, which is why altcoins are either stagnating or dipping. We can expect a bullish wave Y to reach the height of the triangle, or we might see a test of the historical trendline. Overall, it's looking bullish.
Ether could aggressively push up in a three-wave move. It doesn't need to correct deeply; the start was slower here, but the entry impulse is ready, and the price might go to close the bearish imbalance.
Ether could aggressively pump in a three-wave move to the upside; it doesn't need to correct deeply. The start was slower here, but the entry impulse is ready, and the price might head to close that bearish imbalance.
It all started with a minute chart, where the initial diagonal was set, marking the beginning of an uptrend. From there, we broke through the green block, formed a new high, shattered the structure of the downtrend, and continued to rise, hitting the first zone at 15% or resistance at the 135 EMA.
🔺Support zone 76,500 - 76,200,
if the correction dips into this range, we can expect buyer reaction and a price push upwards.
Overall, it's tough to say if the bullish wave is fully complete. However, if you're in longs, this is a good point to take some profits and ride the trade higher.
It all started with a minute chart, where we defined the initial diagonal, marking the beginning of the bullish trend. From there, we broke through the green block, formed a new high, disrupted the downtrend structure, and continued to rally, hitting the first zone at 15% or resistance at the 135 EMA.
🔺Support zone 76,500 - 76,200,
If a correction heads into this range, we can expect buyer reaction and a push of the price higher.
Overall, it's tough to say if the bullish wave is fully wrapped up. But if you're in longs, this is a good reason to take some profits and ride the trade higher.
🇺🇸🛢USA — API Crude Oil Inventories — 00:30 🇦🇺Australia — CPI Inflation (Q1) — 04:30 🇪🇺Eurozone — Consumer Confidence Index (April) — 12:00 🇨🇦🏛Canada — Bank of Canada Rate Decision — 16:45 🇺🇸🛢USA — EIA Crude Oil Inventories — 17:30
🇺🇸🏛❗️USA — Fed's Interest Rate Decision — 21:00
🇺🇸🏠❗️USA — Q1 Earnings Report for Alphabet (GOOG) – after market close 🇺🇸🏠❗️USA — Q1 Earnings Report for Microsoft (MSFT) – after market close 🇺🇸🏠❗️USA — Q1 Earnings Report for Amazon (AMZN) – after market close 🇺🇸🏠❗️USA — Q1 Earnings Report for Meta (META)
🇺🇸🏛❗️USA — Senate will vote on Kevin Warsh's nomination for Fed Chair
🇺🇸🛢USA — API Crude Oil Inventories — 00:30 🇦🇺Australia — CPI Inflation (Q1) — 04:30 🇪🇺Eurozone — Consumer Confidence Index (April) — 12:00 🇨🇦🏛Canada — Bank of Canada Rate Decision — 16:45 🇺🇸🛢USA — EIA Crude Oil Inventories — 17:30
🇺🇸🏛❗️USA — Fed's Interest Rate Decision — 21:00
🇺🇸🏠❗️USA — Q1 Earnings Report for Alphabet (GOOG) – after market close 🇺🇸🏠❗️USA — Q1 Earnings Report for Microsoft (MSFT) – after market close 🇺🇸🏠❗️USA — Q1 Earnings Report for Amazon (AMZN) – after market close 🇺🇸🏠❗️USA — Q1 Earnings Report for Meta (META)
🇺🇸🏛❗️USA — Senate will vote on Kevin Warsh's nomination for Fed Chair
Oil's already at $111. The DXY is holding up pretty well too. $BTC is currently staying neutral. Looks like someone's benefiting from high oil prices and a stable dollar right now.