QuantAlgo
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$4,000 remains a key psychological support level for Gold, while $4,150 is the resistance wall it needs to break and stay above for a new ATH to still be on the cards toward year-end.
Gold, on the other hand, just had a -5% drop as I anticipated in my recent post about its valuation (x.com/joinquantalgo/…). However, there still seems to be very strong demand at $4,000, so it's definitely a very important level to watch.
Positive news regarding the US and China trade deal over the weekend helped $BTC and $ETH break out from their lower range and transition to a potentially sustained upward momentum. Risk appetite appears to be coming back, albeit a bit more cautiously this time, in my opinion.…
🚨 NEW UPDATE: A Long signal has fired after today's bar close on BTC. The S&P 500 is still bullish and just hit a new ATH, whereas ETH and Gold are still ranging with no clear directional move (yet). I'm still cautiously bullish, but let's see how things play out leading up…
BTC dip buyers got rewarded, so congrats to those who bought. As I've discussed in my previous posts, risk assets in general still have another decent leg up toward year-end. Looking forward to next week 🫡
🚨 My Mean Reversion Channel indicator is flashing potential buy signals for #Bitcoin. Historically, these setups have marked solid bounce opportunities. Question is: Do we bounce back to equilibrium ($115k, yellow line) and retest ATH zone ($124k+, red line)? Or does BTC need…
UPDATE: "Recovery" Phase Activated ✅ The "breadcrumbs of hope" from last week have materialized into an early risk-on rotation. What changed? 1/ Oil's dramatic reversal: → Bounced from extreme weakness (-2.25) to near-neutral (-0.01). This was the key catalyst we were…
⚠️ The risk-off cascade continues with most macro indicators still flashing red 1/ Key negatives 🔴 → China liquidity & crypto market cap deeply negative → Oil showing extreme weakness (-2.25 z-score) → Credit spreads/bonds signaling stress 2/ But... breadcrumbs of hope for…
Both BTC and ETH are back in a "ranging" phase. Key support levels: $107k for BTC and $3,700 for ETH. As mentioned in my previous analysis, there's no clear directional move yet. However, an upward move is more likely than a significant drop, imo.
🚨Market Update: One of my very fast systems is still signaling Short on BTC. It did fire long intraday, but the entire pump candle reversed due to overwhelming sell pressure that appeared before yesterday's bar close :/
Weak downtrend on both BTC and ETH currently 👀
BTC and ETH are still ranging with no clear directional move (yet). We'd have to wait till the burgers wake up to see if there's any change in positioning. 8 days left before the next FOMC meeting on 29/10.
🎯 Recovery → Risk On for BTC?
⚠️ The risk-off cascade continues with most macro indicators still flashing red 1/ Key negatives 🔴 → China liquidity & crypto market cap deeply negative → Oil showing extreme weakness (-2.25 z-score) → Credit spreads/bonds signaling stress 2/ But... breadcrumbs of hope for…
"Dev sold" 😂💀
#Gold has had an amazing run, with non-stop "new ATH" headlines all over the place over the past weeks/months. Its trend is still very bullish, and you can see the strength in its price action. That being said, Gold has hit the "Strongly Overvalued" zone like it did in the…
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