From Volatility Beast to Range-Bound and Docile Price Action by Bogdan Giulvezan Bitcoin, the coin that’s known to break through S/R levels like a hot knife through butter, has been moving in a tight range since early March. It spent most of 2022 inside the horizontal channel created by $37,500 – $45,000 and it formed […]
Central Banks Are Getting Ready for a Busy Week by Bogdan Giulvezan The safe-haven US Dollar made serious advances last week against its major counterparts: it took the Yen at a 5-year high, while GBP/USD printed a fresh yearly low at 1.3013. All this is ahead of the Fed’s March Meeting where we will most […]
Bitcoin’s Triple Top Generated the Predicted Outcome by Bogdan Giulvezan Last week we talked about a strong chart pattern that usually triggers a bearish move: the triple top. As expected, the bearish action started soon after, and Bitcoin travelled the entire distance from $45,000 to $37,500 in just a few days. But Bitcoin seems to […]
Euro at Record Lows as Ukraine Conflict Deepens by Bogdan Giulvezan The US Dollar strengthened late last week as the Non-Farm Payrolls report showed that 678K new jobs were created, above the forecast 407K. The data, coupled with the worsening of the Ukrainian war, made investors flock to safe-haven currencies such as the greenback, while […]
Triple Top at $45K – The Threatening Bearish Pattern by Bogdan Giulvezan After two days of serious advances, Bitcoin started a downside correction at $45,000 and is currently trading at $41,000. The last three days have been bearish, for a total loss of almost 8% but the apex cryptocurrency is up almost 7% over the […]
West Adds More Sanctions, Ruble Collapses to Fresh Lows by Bogdan Giulvezan In an attempt to shield the country from Western sanctions, the Bank of Russia decided to hike the interest rate from 9.5% to 20%. This is the highest it’s been in almost two decades, as these levels were last seen in 2003. The […]
Bitcoin Erases Losses after a War-Induced Decline by Bogdan Giulvezan The flagship cryptocurrency – Bitcoin – has dipped to a low of $34,324 as a direct consequence of the full-scale military clash that is currently scorching Ukraine. The losses were quickly erased and currently, BTC is trading at $38,400, above support but still below the […]
Biden And Putin Are Set to Meet… “In Principle” by Bogdan Giulvezan The European bloc’s single currency rallied on Monday as news transpired of a potential Biden – Putin meeting. If such a summit does indeed happen, it could ease off the Ukraine crisis but while this may or may not materialise, what is certain […]
Bulls Fail to Break Resistance, Double Top Warns of More Losses by Bogdan Giulvezan After a beautiful rally that saw Bitcoin climb from roughly $33,000 to $45,000 in just over two weeks, the bulls ran out of steam and crumbled at $45K key resistance. BTC/USD created a double top at said resistance and then followed […]
Resistance Holds: EUR/USD Back Inside the Diagonal Channel by Bogdan Giulvezan Europe’s single currency had a bumpy ride last week, as geopolitical tension increased and the Russia-Ukraine situation brought more turmoil. On the other hand, the US Dollar was boosted by soaring inflation that amplified the probability of a 50-basis point hike at the Fed […]