Welcome to advanced Tothemoon analysis!
Well I did something) The estimated Tothemoon model.
This is an example of how you can use the fundamental Bitcoin metrics along with simple proportions and drawings. And without any H&S, gartleys and butterflies. Okay, I'll tell you briefly what I've done.
1) Cost per Transaction ($/Tx, miners revenue divided...
S&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
First I want to mention this is my first TV chart idea and I'm no professional trader by any means. Take this idea with a grain of salt.
Based on my relatively simple chart, I think there's a good probability of Bitcoin hitting the 20k target during October of this year.
If this target is reached I suspect one of two scenarios. I'm leaning more towards further...
Price has consistently failed to break the 11.1k level on the daily.
Ascending Trinagles are a bullish chart pattern - We saw one forming back when btc was in 4k area, Now its forming at the the current price range of 11k-13k.
IF it breaks above we could be looking at bitcoin TESTING ALL TIME HIGHS!
But nothing is certain in trading - So DYOR as well!
ROKU raised its third flag.
OBV at all time high
CCI(10) @50 - high resistance line
Price range at all time highs
Bollinger width show a relative squeeze.
Fundamental and technical analysis show ROKU as a good short-term as well as long term investment.
TL;DR short bonds for the week until FOMC decision 6/19/19 with no more upside pressure, consolidating at current level with volume. SPY is 70 points off of high and is aiming to test that resistance a 3rd time in this year.
Fundamentally: SPY is about to reach all time highs, with some more support as a fed rate cut is predicted (bringing hope in the short...
The Inogen Inc. chart shows that it takes much longer to reach a Peak new All-Time High. However, a Topping Formation or Business Bear Downtrend occurs much faster. There is triple or quadruple the points profit in half the time when selling short a stock as compared to buying it going long in the market. This stock is now at a support level and is no longer a...
ETH is currently at $266 as of speaking.. As usual i was studying charts when i realized.. i spotted an Perfect Adam and EVE right before the all time high..
Did somebody spot this and just buy in??
Remember.. This was right before the 2017 ALL-TIME high!!!
What do you guys think??
Bitcoin - % Return & Future Peak High
Each market cycles rate of return has been 20% or 1/5 of the previous cycle return from bottom to new peak high
With cycle bottom at $3148, this next market cycle could give 2300% returns based on historical data with a Bitcoin high at $78,500
Sony completes a 3-Drive formation into the last ALL TIME HIGH from 2007. Can it get any better with the PS4 getting long in the tooth and smartphone shipments slowing down?
Also check out the massive SSR level set at 5,400 first set in 2006 which holds till today.
As the price of Bitcoin continues to grind higher the Bitcoin Shorts are also climbing higher and may soon reach into the all time highs again. Somebody is seriously wrong, who is it? Me? You? Us? Them? Stay tuned...….
Below is a look at the current short positions.