Tweaked the CRYPTOCAP:BTC chart. It really needed updating. Fixed the colors too! #BTC is 2 weeks away from the end of what we called, phase 1. In my opinion, it's going to move SOON. #Bitcoin breakdown: The moving avg crossover, yellow circle, is bullish. Cyan circles show bullish signs; RSI above 50 Money Flow is above 0 ------------------------- Bonus...
The US #Dollar is trading in the middle of its range since Late 2022. It is also holding the recent uptrend well. TVC:VIX is a tad lower today. #Gold & #Silver still look good, Daily & Weekly. Loading up on AMEX:SLV when we stated the inverse head & shoulder was a good move. (took some off recently but still have large position) AMEX:CEF AMEX:GLD
CRYPTOCAP:BTC has been looking better as of late. The 1st phase we spoke about is almost done! #BTC shows a successful GREEN Moving Avg test, two weeks ago. Final #Bitcoin chart shows the reduced $ flow & the RSI not as strong as it was last time it was at these levels = Bull is not dead but it is not as strong as before. In no way does this mean that 100-110k...
Good Morning Everyone! The 2Yr Yield is retesting the recent support level, highlighted by arrows. The 10Yr #yield is currently breaking the recent uptrend. The yellow box was highlighted in the last post showing the WEAKNESS. However, forgot to speak on that yesterday (see profile for more info). They cannot lower #interestrates... But they must, at least...
This is part of the previous post.... CRYPTOCAP:BTC roadmap, IMO. #BTC has issues in the 65k area, this is more than OBVIOUS. When this breaks, it'll likely be FEROCIOUS! Furious move... #Bitcoin will likely hit our low 100k target, and fast.
CRYPTOCAP:BTC is in an obvious downtrend. THE QUESTION is, "when will it reverse course"? #BTC will most likely change course before the end of one of the phase that we posted. #Bitcoin Phase 1 is a total of 3 months. Phase 2 is a total of 6 months. Purple vertical lines. We already hit oversold a few days ago. IF we retest the lower range we want an RSI...
We've been out of the #Oil trade for some time now. It since went about 10% higher, no big deal. Daily analysis: Broke its recent uptrend. RSI oversold - Usually gets a bounce at these levels. It has been trading in between mid 60's & Low 90's. Intraday looks like it is setting up for a bounce. -------------------------------- Weekly Analysis: You'd figure...
Spot CRYPTOCAP:BTC shows a beautiful, forming an almost perfect, inverse head & shoulder pattern. This pattern is best for determining bottoms but it can also work at other time periods, but not with the same validity. However, IMO don't think #BTC will form it completely. Why? IMO unless something crazy happens don't see #bitcoin going sub $40k or even...
Today we see CRYPTOCAP:BTC breaking a major support level. Unless there is a turnaround this means that 52kish is likely next. Weekly #BTC at the green moving avg. Historically, this has not been the best gauge, but it has been "okay". The last 2 charts show the trajectories we expect(ed) for #bitcoin to follow through.
Short term #yield is higher. Long term has turned & are catching a bid. At the moment it doesn't look like they're going down any time soon & that is not good longer term. Was speaking with loan officer yesterday & they believe they must lower before election. But, what if it goes higher before it goes lower? TVC:TNX
Lots of talk about the #Dollar & #Yen as of the last day. US #Dolalr ( TVC:DXY ) has done well for some time. VS We've spoken on Japan a few times over the last year, has been the opposite. Daily shows that this trade is exhausting SHORT TERM! Look at that volume! Likely Japanese govt is intervening!
#Crypto has also done well since the call for a rally. CRYPTOCAP:BTC futures (as usual, pretty consistent, no?) show the better data. #bitcoin held the Moving Avg & support underneath. Spot traded beneath Mov Avg, showing a false breakdown. CRYPTOCAP:ETH bounced, like it's bigger brother. It looks stronger on Futures vs Spot. #BTC Shorts covered. #ETH had...
Don't think #GOLD is done by any means. HOWEVER....... Sold some positions around the date of bearish engulfing. As of today the precious metal is still @ that price level. We missed a lil more upside but it wasn't much oi the whole scheme of things. #SILVER shows same exact signs except the Bearish Engulfing. AMEX:GLD AMEX:SLV
Makes sense for NASDAQ:NDX to get a bounce here as it is at the 1st Support level after the December breakout & it is Oversold. NASDAQ:QQQE = Equal Weight #NASDAQ100 Never broke its ATH & it is Oversold on the daily chart. Weekly charts put it in the middle of the range. RSI needs to stay here to remain bullish. $ Flow has slowly waned.
CRYPTOCAP:BTC & CRYPTOCAP:ETH look almost identical the last few days, that is pretty interesting. However... Stretch the chart out a bit and it is a very different story. #BTC outperformed #ETH by a decent amount. ------------------------------------ Both CRYPTOCAP:BTC showed upcoming weakness. However, Futures #BTC Money Flow went below 0 & stayed...
The NASDAQ:NDX , Nasdaq 100, is at a support level on the daily chart, left. The 4Hr chart shows it is almost at the 320Moving avg, left. Being that there's support & the intraday is at a Major Moving Avg, we'll likely get some sort of bounce around here. The index is also oversold daily & intraday. NASDAQ:QQQ NASDAQ:TQQQ NASDAQ:SQQQ
Futures CRYPTOCAP:BTC has sold off and currently at 2 support levels. One of these is the blue moving average. However...... If you prefer spot #BTC analysis, we can see that #bitcoin is already trading underneath all moving averages & showing extreme weakness. Which one is correct?
Short term bonds are still trading below the bank fiasco crisis. 1 & 2YR Yields. However....... Long term #yield is higher than it was during the bank fiasco. 10 & 30 YR #Yield. Normalization of the curve is still a ways off.