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$BTC Fibonacci retracement levels will always be one of my favourite tools to use.
They work so well on any timeframe. Especially the .618 tends to see a solid reaction on the higher timeframes.
If you can then find confluence with other tools or indicators you usually get a good idea of where to expect bounces.
This high timeframe area was one of those.
Still yet to see a proper bounce of course, but at least the down trend has stalled here for now.
I still remember when one of my friends wanted to buy $DEXE . I discouraged him and told him only one thing to stay away from this coin.
$DEXE was one of those projects whose price was running much faster than its real value. The hype was massive, but I couldn’t find anything that justified that pump.
He didn’t buy it.
Looking at $DEXE today, I’m glad he listened.
A coin that was trading around $44 has now collapsed to below $2, with another brutal dump today.
#DEXE is finished. There will be many people waiting for a comeback, but I think this story is over.
The ascending triangle on $LTC we were tracking on the 4H played out cleanly. $LTC broke out above the key horizontal resistance exactly as expected and has already pumped +4.78% afterwards.
Bias on $LTC remains bullish while holding above the breakout level. Retest of the zone as new support would be ideal for continuation.
$NASDAQ $NDAQ.US NQ respecting the structure, and is right now at the neckline area.
The current daily candle is showing strong selling pressure, closing near the lows of the session. This break below the neckline increases the probability of the bearish scenario playing out.
Breakdown here can lead to a sharp decline in prices till the lows of 26,000s.
Momentum here is favoring the downside, given the parabolic run and the distribution phase after that run.
DXY strengthening, FED's uncertain policy and the potential rate hikes in september, EVERYTHING is bearish for this chart.
This is the kind of rotation people have been waiting on for a while now. $BTC dominance is still not moving much though as not all alts are performing.
If $ETH keeps outperforming at this pace, that dominance number is usually the next thing to roll over.