Elisa's Charts 🕘 история названий (1)

#SP - Oh the more unusual side crypto has lost its correlation with indices, with those markets correcting while BTC rises for a change!

#DXY - part of the reason for the crypto drive up has been fx movement, with a drop in the dollar this week due to bond yield manipulation and FOMC. Have been wanting to watch this play out without assumptions as the lows hit annual demand and the highs finally just hit annual supply. Always hard to say if prices will go deeper in such large zones but in this case both sides had strong reactions and now approaching mid range again from what is now more than a year ranging.

#ETH - the same applies to BTC. This was more likely to fully run the zone having left a slightly untested level just above, now a 6M supply which it is approaching. The BTC pair I discussed similarly in the video - untested monthly supply above the immediate zone has been hit and rejected well as BTC picked up pace on ETH.

While we have prospects of being back in uber bull mode given the low was on the macro 2M/3M demands, be conscious that this is a quick move, it is still in a down trend with major supply above, and the criteria of an October bottom, nor the typical 70-80% drop (based on historic patterns) have not been met. Note we have had similar pumps in bear markets in the past which fully retraced and more!

#BTC - Didn't come down for the 2d demand long reentry and now hitting the first highlighted zone of interest on the htf chart.

Having said that we did talk in the last stream about the structure of the 2M supplies and that if the immediate levels didn't reject prices were likely to rush through to the top of the zones.

#USDT.D - not gonna lie, did not expect that! Thought it would take out some stops above first :)

#OTHERS - 🙄🙄🙄

#USDT.D

#XRP has broken previous low but has slit your wrists PA!