FCT/XMR-comparison-with-BTC/CNY-1day-chartAs this is my first chart i want to map the correlation between FCT and XMR's hype with the chinese BTC spot market at OKCoin.
As you can see the DNM market announcements gave XMR a very huge boom, the retracement isn't done yet - regardless to BTCs price we will have a decrease, with some smaller spikes.
In the same time FCT made nearly similar moves, in the beginning more aggressive but then we saw full retracements - especially in the timeframe from June-July related to BTCs moves - but always a bit later on.
As we are now in BTC sideways (19.9.2016) and probably have another correction till mid or end October, I assume FCT to achieve it's ATH from March 2016 again.
When will it happen? As XMRs correction passes FCTs uptrend - around the 500-600% scale we will have a very good opportunity to get to ATH.
FCTs forecast? Depends mainly on BTCs trend. It could form a cup and handle formation, but yet it's too early to say and pure speculation. Will update the chart at least every month.
Put the fun back into banking!
Yours coinwide
Boom!!!
Dow Jones Industrial Avg Held in Neutral Consolidated Position BREAKOUTS & RUN
As we look over market history in the U.S. and other equity markets, we see long standing fits and starts.
Ranges in these starts are extremely bullish, seeing breakouts of more than 2000% over 25 year periods. After breakouts markets always and eventually consolidate before they turn there next break.
Post 1930's Great Depression U.S. market grew by 2405% before consolidating in the late 1950's for 23 years into the early 1980's.
Top end resistance area is 1,000, which was tested many times over in the 60 all the way through 70's and eventually breaking out in 1983.
The 80's brought us the computer age, which lead us down the path of internet and micronization along with digitalization into 21st century. Markets priced in our new found improvements resulting in a 2104% market movement 1983-2000.
CONSOLIDATION
Our current equity status is consolidation.
From previous market history, we can see these periods can last a quarter century or slightly longer.
I'm expecting at least another 5 to 15 years of consolidation with a pinnacle trough, which we've already seen (2007-09), to reach 65%. Our top end resistance area is 17,500, which was met already in early 2015 and will most likely be tested once or twice more.
Predicted Breakout won't occur until 2020 or much later, 2030. Given the magnitude of the deep consolidated trough (2007-09), I would assume sooner rather than later.
INFY IS FORMING 30 MIN CHANNELINFY IS FORMING A CHANNEL ON 30 MIN CHART. MACD IS CONSOLIDATING WE MAY SEE A BOOM MOVE
Forecast 2016Let's talk about timing. I mean, bitcoin is date driven like nothing else. So new year is definitely a game changer. ok =) China plays his fire-ape at February, but the timing looks quit nice.
We're still on the positive side for a bright future. I hope our engine will not fail on the way to the moon. Pray there is no need for another 320 test...
Push it- push it real good!
Last decade was a bull flagPositions yourself early for the next tech bubble.
Smart money already accumulated in the green range which we are leaving rightnow.
Best buying opportunity would be one more of these spikes to the channel bottom.
