5050 is the next point stop?
I prefer to ignore reality and focus only on what the graph will show me, because every new week we have good news regarding the American economy, but the good news will have to come to an end at some point, as there is a saying that goes like this; "There is no such thing as a free lunch. If you didn't pay for it, someone else will have to."
In the long term we are still in a strong upward pivot, and amazingly, it could reach the gold region at 5050. What a great thing, right?
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the medium-term chart, the trend is strong, but the SETUP used is indicating that the bulls are losing strength, therefore, we may not reach the golden target at 5113, remaining only at the long-term golden target reported above (5050).
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the hourly chart, we have the following: the loss of the 4909 range projects the falls reported in the chart below. The salvation for this correction would be for bulls to act quickly and force prices above the safety level at 4922.
Note: The red lines are support points. Loss of it leads prices to seek the yellow lines (targets)
Click here and see the latest BTC analysis
In conclusion we have:
a) Prices are at an all-time high, a beautiful achievement, but the bulls need to continue their rises and look for the golden target on the long-term chart in the region of 5050. If this does not happen, we could have strong corrections up to the level of 4459.
b) The 4960 region is a resistance that needs to be overcome this week for the long-term uptrend to materialize. So, pay attention to this track as this week begins.
c) Prices working below the 4909 range the best thing to do is stay out, or, if you are brave, working on the short end is the best alternative, but remember. This is a region with strong fights between bulls and bears, so traps will be constant.
SPX here!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
In the long term we are still in a strong upward pivot, and amazingly, it could reach the gold region at 5050. What a great thing, right?
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the medium-term chart, the trend is strong, but the SETUP used is indicating that the bulls are losing strength, therefore, we may not reach the golden target at 5113, remaining only at the long-term golden target reported above (5050).
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the hourly chart, we have the following: the loss of the 4909 range projects the falls reported in the chart below. The salvation for this correction would be for bulls to act quickly and force prices above the safety level at 4922.
Note: The red lines are support points. Loss of it leads prices to seek the yellow lines (targets)
Click here and see the latest BTC analysis
In conclusion we have:
a) Prices are at an all-time high, a beautiful achievement, but the bulls need to continue their rises and look for the golden target on the long-term chart in the region of 5050. If this does not happen, we could have strong corrections up to the level of 4459.
b) The 4960 region is a resistance that needs to be overcome this week for the long-term uptrend to materialize. So, pay attention to this track as this week begins.
c) Prices working below the 4909 range the best thing to do is stay out, or, if you are brave, working on the short end is the best alternative, but remember. This is a region with strong fights between bulls and bears, so traps will be constant.
SPX here!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
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