On the King Fisher map, there is more to liquidate in the north than in the south, so possible pump from 5% to 10% to look for the liquidations of the shorts until the 22K, otherwise the dump until 17K if the S&P 500 will continue its downward trend, finally the market is constantly hunting for liquidity and especially in a range of manipulation.
On the S&P 500 it's been a battle with buyers defending 3640 after multiple long-wicked candles rejected the support.
Long stops below 3640 are already triggered with the wick until 3613
Wide bullish divergence on the MACD.
Bullish divergence on the RSI in the oversold area below 30, we can say that it is hidden on the standard candles but clearly visible on the LINE chart.
https://www.tradingview.com/x/f1S7qIGD/
The Dollar is in a bullish channel, and we got rejected by the top of the channel 2 days ago by a large engulfing candle.
Today's candle tried to bounce off the 38.2% fibo but the sellers quickly control the situation by leaving a long wick above and a small body below, watch out for the close which can change everything or not!!!
For now the dollar is testing the 38.2% fibo but the buying momentum on the MACD is weak and soon in the red.
A falling dollar is a party for Bitcoin, we miss a few days of good weather on the crypto market.
https://www.tradingview.com/x/MSDwQ4bl/
After the high confluence on ATOM I took a Long position which is going well for the moment, I did not share the trade rather I had a doubt because of the S&P 500 falling and the Dollar rising, but I consider the trade as risky and medium quality, so I'm ready to close the trade if the S&P 500 closes below 3640 with a large engulfing candle, or simply the Dollar resumes the rise and rebounds from the 38.2% fibo.
Post shared Yesterday about High confluence on ATOM towards a reversal and continuation of the uptrend:
https://www.publish0x.com/the-king-of-crypto/btc-daily-technical-analysis-sometimes-its-better-to-be-prep-xzgqgrd
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