Conviction: 5/5 LT, 3/5 MT long-term (multi-year) positive near-term (this year): neutral performance of OANDA:XAUUSD relative to OANDA:XAGUSD looks pretty good, but approaching resistance line. also, recently had bullish divergence on RSI-W in mid-2020.
Investors have made several hefty transactions between their wallets, moving almost 130 million of Ripple-affiliated XRP tokens to major digital exchanges, according to Whale Alert. 126.5 million XRP on the move The aforementioned cryptocurrency tracker has tweeted that in the last 15 hours, an astounding amount of XRP tokens has been shoveled by crypto whales as...
Ethereum is forming a very bullish structure on the daily chart. The second-largest cryptocurrency has made a robust weekly green candle as well. As discussed in the March 17th analysis, confirmation of the reversal of the downtrend would be considered after the price crosses above the static level at $3300. Looking at the weekly candlestick at the end of...
The decline has challenged earlier notions of Bitcoin being a viable gold alternative, considering its decentralized nature and general detachment from the broader financial space. These aspects of the currency were widely lauded during Bitcoin’s stellar rally last year, where it surged to nearly $70,000. But while the rally was indeed steep, a large portion of...
To truly see what this value point indicates for the BTC cryptocurrency token, we will be looking at the token’s all-time high value, alongside the performance the token showcased throughout the span of the previous month. The all-time high value of Bitcoin (BTC) was on November 10, 2021, when it reached a value of $69,044.77. This gives us an indication that at...
The circulation of USDC has more than doubled since the original deal was announced, reaching $52.7 billion as of the above date. Jeremy Allaire, Circle’s co-founder and CEO expressed optimism about the new partnership. He was targeting a public listing through the above merger with an SPAC (special purpose acquisition company), which would augment trust and...
Conviction: 5/5 May have some short-term fall to retest previous resistance. Better buy after a brief pullback / pause. Recently bounced off LT (2003) channel support at year-end 2021. Also, at the same time seemed to be forming a bullish divergence with RSI-D and RSI-W. Main risk: chinese company de-listing
Conviction: 3/5 could drop further to MT support (Sep 2020) General Thesis two possible paths, one bouncing off ST support (Jul 2021) and the other bouncing off MT support (Sep 2020) 2nd scenario seems more likely (just a guess) recently did a bullish divergence in December 2021, so this could be it Potential Risks BTC pair looks attractive,...
Conviction: 3/5 ETH is retesting breakout line (resistance since 2017), sign of outperformance in medium/long-term. Weekly RSI is not at any special levels. Daily RSI approaching oversold levels, but nothing special either... could continue to languish along the trend line down. however, does not tell us direction of ETH itself, just relative performance.
Bitcoin fell down fast at the first days of the New Year’s Eve, and just a few days ago, on January the 8th, it was getting sold just about 40K USD. The crypto market is highly inflated. Inflation of crypto market and Bitcoin following the New Year’s Eve, and especially after the Kazakhstan governmental shutdown of the crypto mining networks, potentially might be...
Conviction: 3/5 26.8 looks like a better entry Main thesis So far (mid week) bounced off of dark blue channel (2020) support. RSI-W touched historical bounce area (however, if we wait for bullish divergence there could be another leg down) Leg down could coincide with .786 retracement (26.8) RSI-D showing bullish divergence Misc Info P/S level...
Conviction: 4/5 Entry is not idea, could have better entry point if price goes down to retest support. Main thesis Bounced off long-term (1991) channel bottom in December Bounced off 50M-MAas well RSI-M also bounced off historical lows, although not levels with highest certainty Confirmed breakthrough from downward resistance line last week Touching...
Conviction: 4/5 Main thesis Retrace to .786 fib level from 2016 lows. This is an unconventional level but it coincided with medium-term resistance from 2009-2020. RSI-W touched historical bounce area (however, if we wait for bullish divergence there could be another leg down) RSI-D showing bullish divergence Touching lower bound of channel (2016) ...
Crypto markets are bearish these weeks. In the past 4 weeks alone we're down TOTAL (-7.8%) ETH (-16.2%) BTC (-10%). Today's rally has been long-awaited. #letsgo
Conviction: 5/5 Health Care ( AMEX:XLV ) is looking very attractive relative to S&P 500 ( AMEX:SPY ), just bounced off of long-term (2022) support on a relative basis. RSI-M at oversold levels (obviously), while RSI-W seems to have put in a bullish divergence? Let's see which channel wins, but I think long-term one is stronger.
Conviction: 3/5 SPY could continue to outperform ACWX for another year as in 2015-2017 period. Main Thesis Weekly RSI of SPY outperformance nearing overbought area, which have historically identified about 3 months of underperformance when SPY/ACWX touches 50W or 100W MA. Monthly RSI also approaching overbought. Daily RSI seems to be rolling over,...
Conviction: 4/5 could retouch support (september 2020) General Thesis daily RSI bounced off oversold levels convincingly bounced off support from september 2020 convincingly next target 0.00078
Conviction: 3/5 could drop further to match RSI hitting solid line (oversold) General Thesis weekly RSI almost touching oversold levels, which have been pretty good entry points Currently hovering around support line of channel established in July 2014 Growth Gross margins (80%) is a lot higher than past few years Revenue growth (30%) is about...