XAUUSD H1 CHART
XAUUSD (1H) ๐
Buy Zone ---> 4250
TG1 ---> 4320
TG2 ---> 4375
SL--> Below Liquidity Zone
source https://www.tradingview.com/chart/XAUUSD/a4CDoeYj-XAUUSD-H1-CHART/
XAUUSD (1H) ๐
Buy Zone ---> 4250
TG1 ---> 4320
TG2 ---> 4375
SL--> Below Liquidity Zone
Pinbar on DXY 1HR TF possible short reversal. overall bias is DXY bullish, maybe its still too early but lets wait and see...
OTHERS - It has been a slippery slope throughout the crypto market and players continue to get bled out, and for good reason. But is there hope for an alt season?
I've decided take a deeper dive into more technical charts to try and find more clues that could suggest when and if that time will come. So, I've found that the BTC.D/TOTAL ratio chart is quite handy, and is one of my favorite charts in determining alt coin strength. Similar to USDT.D, it moves in inverse correlation to the market but with less noise. It also has a unique ability to distinguish between market distribution and accumulation, being that when significant market accumulation starts, there are drops to the down side in the BTC.D/TOTAL chart. The chart also seems to mimic a Wyckoff Accumaltion schematic during market accumulation events, but only to eventually print to the down side when significant support is broke, instead of a traditional rally up after accumulation.
In the published chart, you can see where our last significant support structure was broke, only to be regained by the recent shenanigans. According to previous cycles, it is inside this area where alts start to dominate more of the market. I have OTHERS layered with the maroon line graph.
A snap shot of accumulation before the 2018 Bull Market top: As the major support structure is broken, it gets exciting for alts as OTHERS creates a new high. ๐๐๐