Doge is massively overvalued even if you pretend it has utility which it doesn't. Its literally the fiat version of crypto with its ability to keep printing more endlessly. Short until at least .05 and .01 at bottom of channel.
Majority of my equity portfolio in coinbase. Gold was always a store of value between currencies, but the new currencies are already here. My prediction for coin base is it goes straight to 2K then stock splits 1:4 and keeps going. Bullish af.
Red circles indicate previous death crosses. It looks like each subsequent one is higher (or same level) as the previous one. Retrace to 27190 still likely, but this still looks totally bullish and the fundamentals of money printer go brrr hasn't changed and won't because it can't.
If oil does break $73 here and successfully retests it as support then heading to $600 oil and we're all f'd. With the climate build back better scheme, I think it's all down from now.
But if it double tops at $76 and EV vehicles reign supreme then $11. I'm thinking with inflation.. more likely $300 by summer 2022
A bounce at $1000 and if no controls on inflation happen then this could go much much higher. A healthy return to mean of about $560 would likely be ideal, but the fed is sociopathic and lost all control at this point.
2022 is looking amazing for so many things, BTC included.
Higher hi's. Retraced .618. $10 in 2022.
Higher high's and higher lows. Half the supply as XRP and better tech. HODL'ing
If the GME short squeeze were to play out as advertised and it continues the current parabola curve, then 100k by august 2021. :)
Buy target 1358 area.
No doubt us dollar has been in a decades long bear market and this bearish rally to 108 is just a continuation of that. If this does happen, I expect a 2-3 year bear market in equities and implosion of housing bubble. I will make sure that my bags are packed with gold and dlt type crypto (XLM is my favourite) by then. If it bounces off red median channel, then...
Interplay between long bear channel and intermediate bull channel suggests strong bounce from 88 to 110 then continue longterm bearishness. Bounce to 110 would likely create severe bear market in equities.
BTC remains in the bullish channel but hits the .786 fib at $16200. If it breaks down here for a final C wave, $1500 is low target. If it goes up from here 200k is in play.
Even my favourite bear on twitter turned bullish today.. only confirms my bear idea. Could see 156 tops.. but next lower target is 120.
If IWM doesn't drop here then it means that criminal have pulled off the biggest heist in the world.. stealing the printing press itself. This will end in the destruction of the usa. oh well.
dxy to retake median line of channel with adam and eve reversal pattern. PM's, equities and crypto might reverse too probably.
Looks like top of channel is 150 which is where I'll try a short from. Target is 85..