Hey guys! Posting an update on my DJI analysis, since we're close to invalidating the possibility of further weakness (for the time being). As I said in my previous analysis, it was best to remain on the sidelines after the bounce from the 21000 area, since it was fairly strong. In addition, I indicated the possibility that we'd actually break the previous high,...
Looking to short it at resistance level marked on the chart. This week we are in a buy model. Low of the week was established on Tuesday. We have approximately 3 days of rise. Week high was on Thursday. Price rised to week high today. Currently on intraday level 1 Rise. Looking at CAD news to propel it upwards and reverse on hitting resistance. Current price to...
This chart incorporates the Bitcoin's market cycles inside the parabolic shape factoring in the halving effect. The halving has so far occurred after the bottom of each market cycle was made so based on that (next halving May 2020) the new bottom should take place inside this February - April. What is even more important than that is the lengthening of each...
Shareholders must find some diversification place. The money has to go somewhere, it's physic.
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I have a lot of thoughts to express, so I apologize if this is rather long. Since my first DJI analysis and short setup, we have dropped a good 14%. There was a chance that we could rally higher, sort of like we did before the Great Depression, but we've broken the bullish structure. Until we see any movement above the 26000 area, we can assume we will be in a...
MY NEW SYSTEM. TAKEN A YEAR OF DEVELOPMENT. ENJOY
$SPY - we saw the weakness we talked about yesterday in the market. Continuation selling for Friday. Still no sign of strength or bounce action. We will be looking around the $235 market where the 200ma is on the weekly chart as a significant line of support for the market to catch itself and get back on its feet. Scary times. Trade small we have noticed even...
Complacency where there was thrill. Denial where there was belief. Capitulation where there was optimism. Anger where there was hope. Depression... Lines up pretty good... unless that wasn't capitulation...
Unless you have some spare money and want to gamble, there is still no signal that this is the bottom, or that Bitcoin is reversing. Maybe it is bottoming, but we cannot know it for now. This bear market could last another year, and why not another years, we do not know. Bitcoin could reach the 3k support, or hit the weekly pink Smma There is no guarantee that if...
My August-September-October forecast played out rather good, and nothing as changed since then, in terms of fundamentals. In terms of technicals, the violent Tether-related action on Bitfinex might just give a little bullishness for the next few days, but nothing more in my opinion. The fundamentals will pick up eventually, THIS MARKET NEEDS A FLUSH. I sum up my...
This is not a signal, but we can see it as a very bullish indicator for the overall crypto-altcoin ecosystem. Whenever low Mcap tokens start to be pumpable, it brings awareness to the crypto scene. Brings new investors, People start to hold more BTC to try to get a piece of the FOMO action, and it can have a nice snowball effect.
Look for a failure of the price block highlighted, similar price action noted in the previous highs of 2000 & 2008. We see the relative strength fade as price continues to rally creating regular bearish divergence, after the break of the trendline hidden bearish divergence develops as the RSI shows higher highs and price continues to fall. 2000 and 2008 were...
Started first round of accumulation yesterday in ETH @ $215. I think the bear market is beginning to round out it's bottom and will begin to recover over the next 6 months. We are nearly at 84% retracement for ETH and the risk to reward ratio is incredibly in favor of buying here. Not investment advice. Just my thoughts.
Bulls will be hoping for a straight bounce off the 200. Bears will be riding the momentum down. I do believe this is a test of the 200 . Shit can't climb forever. Just short assets until things turn around
The Daily is looking good on XMRBTC, after months of decline all the way back to the 0.883 retracement level ,which we consider a completion of a market cycle, we observe a nice swing high back above the 55 Moving Average. There is still a lack of volume compared to the previous kickoff observed last November which makes me think we could make a really big move...
The bubble is over but it is really just the beginning of the next one.