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The cryptocurrency market started the week with a scare with a significant drop this morning. Bitcoin went from US$25,600 to US$25,000, representing a drop of -3.28% for the week. Meanwhile, Ethereum fell 3.76% and XRP -2.62%. The other altcoins follow the market.

The week is still promising. This Wednesday (13th) new US inflation data will be released. Check out what TradingView analysts are thinking.

Macd Bollinger

Long-term trends have not yet fully reversed. For the moment, it seems to me that short-term buyers are the ones holding this “hot potato” in their hands. Once again, how curious. If I consider Elliott’s movements and we have the image below as a reinforcer for the future of BTC USD.

Let’s go back in time a little by looking to the left of the graph and observing what happened in the past. As I like to use graphical analysis, we had the setup used pointing out this downward pivot on the monthly chart.

The most interesting thing is to see that prices are respecting the golden region of the movement (1,618) as a support point in the US$18,000 region. Returning to the present, we have prices working below the long average, after being above it for more than 6 months.

That’s not a good sign. The movement that is shaping up at the moment is prices trying to escape something worse, wanting to rebound upwards to the region of US$27,600.

The salvation zone for the moment is not losing the US$25,200 region and prices remaining above the US$28,000 region. (See the full analysis).

Forex Portugal

After carrying out a detailed analysis, I decided to stock my portfolio with this currency, as I believe in its future and it is currently in a good area to buy for the following reasons.

Since the beginning of the year, Solana has represented an increase of more than 200% and at the moment we are at more than 80%, which indicates that we are still in an uptrend that presented me with the Head and Shoulders reversal pattern , where the biggest downtrend trendline was broken by an impulse, after which we got a correction. If we analyze the previous structure at this exact moment the price is retesting the trendline.

Pay attention to the downward wedge liquidity accumulation pattern. With the red lines, I marked important zones where the price worked the most, which serve as frequency blocks. There are good opportunities to purchase this asset. (See PivotChart).


The BTC/USDT weekly chart is currently in a challenging move characterized by the formation of indecision bars. This can generate possibilities for both an upward and downward movement. These bars, which have little strength, typically result in massive bars that can liquidate both longs and shorts. I recommend not taking positions on these movements as they can be risky.

The price is currently below the 20-week simple moving average, which could continue to put pressure on selling. It’s important to remember that I’m projecting this movement based on a Rising Wedge, which has a price range between $15,000 and $20,000.

If the price shows an increase in buying, I believe it could look for the simple moving average or even the 38.00% Fibonacci retracement region, which is situated in the $28,000 range. However, if the decline continues, the price may initially seek $22,000 or even the previously mentioned base, which is in the $15,000 to $20,000 range. (See more about Bitcoin).

Disclaimer: The analyzes presented here are only studies. They are not investment recommendations, neither buying nor selling, nor do they reflect the opinion of the media vehicle in which they are being published. These are studies aimed at people with knowledge and experience in the financial market.

Our Authors: MACD_BollingerForex Portugal e Somer.

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