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March 25 Bitcoin Update – BTC Cools Down After Yesterday’s Bullish Price Action
$BTC started showing some bullish price action yesterday, but has cooled down overnight. There has been a lot of sideways price action below the red resistance zone. I think the price action has been neutral so far today, and I would monitor for a move into the red resistance zone for a potential rejection or […]Read More
March 25 Ethereum Update – ETH is Neutral Below the Light Blue Resistance Zone
$ETH is having some similar price action as $BTC, trading sideways below a key resistance zone. ETH had a bullish day yesterday, but has been neutral overnight. I would monitor the light blue resistance zone ahead for a potential break or rejection. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreBitcoin’s Had an Important Rebound Over the Weekend!
$BTC was in a downtrend with two red weekly candles, but last week BTC had an important rebound that flipped the yellow resistance line into support. Although bears sent the price below the yellow resistance line, there was a bullish rebound and BTC closed the week above the yellow line. I think there is a […]Read More
Crypto Market Expectations: March 2024
This market analysis covers the general state of the market, current events, and someexpectations moving forward. We left the overall accumulation and bear phase in October 2023 with a strong upwardmove in the market, which brought many sectors into the spotlight. With the ETF approval and institutional buying, there is strong buy pressure on Bitcoin. […]Read More
March 23 Bitcoin Update – BTC Rebounds From Orange Trendline
$BTC had some bearish price action after failing to flip the orange trendline into support. However, this turned into tricky price action because after losing support BTC still managed to rebound and stay above the orange trendline. I think the price action is pretty neutral for now, and trading within a range between the yellow […]Read More
March 22 Ethereum Update – ETH Drops Overnight Without Reaching the Price Targets
$ETH has not reached the price targets yet, and has been dropping overnight along with Bitcoin. This looks like a post-FOMC selloff, and I think ETH is likely to rebound at some point today. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 22 Bitcoin Update – BTC Dropping Below the Orange Trendline
$BTC has been dropping overnight, and is currently trading below the orange trendline. Yesterday I discussed that BTC could retest this orange trendline as support. However, this is looking like a failed retest of support where BTC is dropping below the trendline. For now there’s still the potential of a rebound, but it seems like […]Read More
Inverted Yield Curve Raises Concerns for a Recession
Bears have been getting ridiculed for being bearish throughout this record-breaking bull rally. While I don’t agree with the permabear approach, I think there will be a day where this inverted yield curve has a sharp rise and bears will get the last laugh. I did not think there would be a crash in 2023 […]Read More
June Fed Pivot | Chances of Hard or Soft Landing | Stock Market Correction Warning | RDDT IPO
Yesterday the financial markets had a bullish rebound after the March 20 FOMC announcement. In this market update I provide a recap of yesterday’s FOMC news, and discussion of the target June Fed pivot date. I also discuss the likelihood of a hard or soft landing, surprising Bitcoin liquidation data, and what the upcoming stock […]Read More
USD/JPY Declines from Ishiba’s Victory
USD / JPY has declined after Shigeru Ishiba was elected to become prime minister by the Liberal Democratic Party. USD/JPY has experienced a sharp selloff, and is trading slightly above a $140.95 support level. I think USD/JPY is at risk of losing support over the next few weeks, which could cause some panic for the […]Read More
ETH Pumping Out of the Yellow Channel
ETH has formed a bullish rebound from the upper end of the yellow channel around $2,200. There is bullish momentum as we approach October, and the yellow trendlines are my key resistance targets on the way up. We still have not experience a post-ETF rally for Ethereum so that is a possibility if ETH starts […]Read More
Bitcoin Attempting to Break Above $65.7k Resistance
Bitcoin is trending for the best September ever. We are a few days away from the monthly candle close. Bitcoin has been trading within this yellow range over the past few days. There has been a pattern of alternating days since Sept. 22, and BTC is attempting to break that pattern today with two consecutive […]Read More