What market phase are we entering into has been the introductory question for our last appointments.
Welcome to Surfing the Market, we are already at our 18rd appointment and I hope that with these easy tech analysis we have helped you in some forms, even just to evaluate different market perspectives.

Let’s start from our usual weekly perspective

WEEKLY CHART - Source: Tradingview

Blue line, that we introduced two weeks ago acted as a strong resistance, sending back BTC to where it was coming from. Blue and green levels represent two key levels where the BTC price seem not able to break-out in a decisive way.

Source: Screenshot on a D-TimeFrame of the Dollar Currency Index

Dollar Strength Index is showing strength after the news about inflation. There is a commons suspect that USA are trying to do all they can to pump the dollar up, to increase the debit of other countries that have debits towards USA to be repaid in dollars.

Do you know why my target for trading is gaining portions of BTC to be higher than exactly 0.003 BTC? Give your answer here in the comments.

What do I expect from a daily perspective?

DAILY CHART - Source: Tradingview

We are at a level, that was also room for lateralization at the end of August/beginning of September and this is a price-range where I can expect a potential bounce upwards, potentially breaking the Blue level quite fast.
Anyway, today are expiring 3.2 trillions of dollars in options into the USA market so to confirm this idea, I would wait Monday to see the news from this expiring volume and the stock-market re-opening on Monday.

DAILY CHART - Source: Tradingview

With the Mobile Average I see that the MA50 has played a crucial resistance role here, rejecting the price.
Ichimoku Cloud rejected the price, and we are now in a non-interest zone for Ichimoku Clouds on a daily perspective.

DAILY CHART: Source: Tradingview

And as promised, here some Profits gained in the last week, with the “small long positions”, other than last week, to diversify some more!

What to observe particularly?

We are in a unstable range, so I would wait taking further positions and I will sure wait the response of the two moments I mentioned above! But if signals will remain stable, I will be slightly bullish (again).
Let me know what you think about this new weekly appointment, and what indicators you would like to be taken into consideration more (or even explained).
Stay tuned and be sure to follow to get noticed when my contents come out.

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None of what I write can represent a financial advice in any form. So Do your own research before taking any kind of action.