Birdseye88

Birdseye88

On the 3rd of January I posted this exact same chart with the general idea being that price has been incredibly cyclical for some time. It was starting to look like a higher probability of a changing trend and I explained clearly what my drivers were to make that assumption. We are now outside of the trend channel and my scenario of a 4410 target being reached is...

Birdseye88 Updated 

The first quarter of 2023 looks less bearish at this moment. Allow me to walk you through what I see and how I come to my conclusion. 1. There is a clear downward trend channel that started on the 4th of January 2022. That is a one-year long bearish trend. When I see such trend channels, I look for signs to see whether the trend is strengthening or weakening. 2....

Birdseye88

I've been bullish platinum for a long time now, but breakouts from such long-term ranges take time. We've seen similar shapes in crude oil and in copper, both of which have broken out. I started discussing the upcoming crude oil breakout on Twitter in 2019 already, and I've been doing the same for platinum. In time, we will surpass the all-time highs, which isn't...

Birdseye88

I'm a bit late in publishing this idea, because I've had this chart for a while now and shared it on twitter multiple times. What I've done here is simply copying the 2014-2015 drop out of the wedge and pasting it onto the more recent wedge. What is interesting here is that the RSI usually leads the way and breaks its trendline before we drop out of the wedge. I...

Birdseye88

One of my biggest positions is Synthetix whileI hold hardly any Ethereum at the moment. The chart will show you why. Key is not to buy what performs well, but what has underperformed. When RSI breaks out, an early buy signal will occur and this is the time to up the ante.

Birdseye88

The big question remains whether Bitcoin is continuing the bullish trend or whether we are past the top and moving further down. There are some similarities with April 2018, while I also see some differences. Let's got through them one by one. Similarities: 1. We have seen a long bull run that ended with a substantial sell-off, a selling exhaustion spikethat...

Birdseye88

I'm a true WAVES bull. I think the stock has performed incredibly well this year and it has held up relatively strongly during the correction. What we see here is a proper cup and handle setup, with line b' as the target price. We did have a breakout in April, but we are now forming a new congestion zone just below resistance at line c'. Every time weakness...

Birdseye88

Based on the teachings of Andrew Cardwell and Constance Brown regarding positive reversal scenarios, we possibly see a nice example in ETH/BTC here. I have marked the key points with letters. The low marked 'x' is a higher low than the low marked 'w'. The RSI shows a lower low, meaning that PA is considered oversold quicker than before. This is called a positive...

Birdseye88

First of all, I've held gold since the financial crisis in 2008 and I've never sold any of it, I've only accumulated. But, as an investor, we always have to keep our eyes open for the possibility of longer-term trend changes that may go against our gut feeling. This is what drives me to zoom out and look at the bigger picture. It is true that we see enormous money...

Birdseye88

This is the question everyone has at the moment. Can we answer it? Not yet. The weekly chart shows a clear intention to turn bearish, which is not a positive sign. However, this happened during the 2017 bullrun as well, so it could still bounce and become the final phase that really blasts through $100,000 and maybe even through $200,000. The question is whether...

Birdseye88

I see so many bulls on social media already. We have a massive drop to $51K, followed by one small retracement candle on the daily and immediately people start thinking we head for new highs. Experience tells me that such small retracements are best responded to with the proverb 'one swallow doesn't make a girlfriend'. (or was it 'summer'?). Anyway, we are now...

Birdseye88

It's been a long consolidation within this bullrun, but we are getting closer and closer to a clear structure becoming visible, this being an inverse head & shoulders pattern. The coming months should be really bullish and I do expect that we will get to see six figure Bitcoin prices in the first half of this year.

Birdseye88

I've held Holocoin since end of January and am really happy with the more than 3000% increase since then. I still remain bullish and think HOT is on its way to a top 25 coin by market cap. It may reach 1/10 of a dollar within the time frame indicated with the red lines, which would mean a hundred-bagger since entry earlier this year. Needless to mention that...

Birdseye88

As per my previous update, $NMR has broken out and it is now a matter of time before we start seeing triple digit prices. While traditional cup & handle scenarios lead us to calculate price targets by adding up the resistance line and the difference between the resistance line and the bottom of the cup, I am sure such methods lead us to very conservative targets...

Birdseye88

Icon continues to perform well and once the resistance is broken, the next target will be around 3.15. I have added to my position earlier this week.

Birdseye88

This triangle is a sign of reduced volatility, which is often followed by a big move up. Once we break out of this triangle to the upside, it would be my expectation that we see 65K in a matter of days.

Birdseye88

ICX has been one of my favourites for some time because of the high staking rewards, but add to that the interesting price action and we have a great investment. I am of the opinion that we could see a rise towards $6-$7+ once we have a daily close above the resistance.

Birdseye88

Gold usually moves in cycles. The previous long-term cycle high was four decades ago. The duration of the current bull market is almost as long as that of the previous bear market and therefore, we may need to be a bit careful. Form a fundamental perspective, it would be unthnkable that gold goes into a bear market again, but I've learned that as an investor it's...