BCD looks pretty strong here. BCD is still one of the actively traded forks along with some other Bitcoin forks which have been going down for quite some time. But BCH has started doing well and overall forks could follow BCH as it goes up due to its Paypal + Venmo listings. BTG has done extremely well, so why wouldn't BCD do well too. The structure looks very...
Great sideways movement since it got added on Binance. Lots of chop in the same area and it looks like re-accumulation to me. The trend is very clear and still up and I like how it is essentially back to where it had started trading on Huobi. Usually these turn into massive moves to the upside ones this range is resolved. Very bullish
INJUSDT and INJBTC look very solid. INJ, AXS & ALPHA all came about the same period on Binance and they were some IEOs that have done very very well. I won't go deep into the fundamentals of the project but I really like the concept and the fact that they are doing lots of things to expand across different chains and bring in many innovative projects. ALPHA was...
Axis has been pumping for quite some and is a project I've mentioned quite a few times before (for those that follow me on telegram or twitter), and although I have to say I've been trading this for quite some time... I can tell you there is more upside to it in my opinion. I really doubt the market will stop here with a triple top, while making higher closes on...
Unfortunately there is no easy way to show how MDT is looking like vs BTC except from taking the actual historical chart from Coinmarketcap. I've seen that Binance might start adding history to its coins before they got listed on Binance which is very interesting but might take time for them to add some + many will still be outside Binance. It's a cool move and...
Secret is looking great. So Bittrex and Huobi still haven't listed Secret although they held the ENG tokens. I have no idea what has happened to that and whether they can still swap those tokens, but I would expect them to at some point list SCRT. I'd also expect Binance to add some extra pairs for this coin. Now Secret is an elegant privacy technology, the...
Filecoin seems to be looking very strong. In the past I had mentioned FIL in one of my idea and the target got hit, but also left the possibility for more upside open. And I do believe more upside is coming. Especially if there is a reduction in the inflation rate.
NOIA is one of those coins that has been trending higher for a very long time, especially vs BTC. It is listed on very few exchanges yet it looks super strong and it is one that people talk about. NOIABTC looks ready to make a big move given how many times it has attempted to essentially have a clean break from this area which looks like re-accumulation
Clean break of the old ATH and reclaimed that old support. Resistance turning into support providing a very clean setup. The total crypto market cap has been making new highs for days now, especially the Altcoin market cap leading the way. Banks are getting in, an ETF is coming and stocks are also back to going up and the USD might have topped for a bit. Even the...
Bitcoin has been looking fairly weak recently and is slowly breaking all key trends, while on lower timeframes it has formed a downtrend. Bounces are weak, support is turning into resistance and funding has refused to go negative and keeps rising, while we'd want to see it go negative. The weird thing is that funding has been relatively low for quite some time,...
Filecoin is another one of the new Grayscale products. In my opinion file storage coins like Sia, Storj and Filecoin could be doing well as the next 'theme' of the market. Be careful with filecoin however due to its high inflation rate, so have it only for short term trades, not long term holding.
1. VIX is filling the gap from when the Feb-Mar crash begun. Volatility is getting supressed when things actually look very fragile with Central Banks having nothing under control. A VIX spike (big move down for stocks) wouldn't be a surprise here for reasons I'll explain soon. 2. DXY looking strong here. The 50 DMA has turned up and dollar strength could be a...
Hello everyone! In this analysis I will try to go deep into what is going on right now and where I see things going in the medium and long term. I'll start with crypto and then move onto the rest of the markets. I have tons of interesting charts which I'll put all at the bottom so that it is easier to read and find everything else in the right order. Right now...
Stocks are at elevated levels and I'd say in bubble territory. But in my opinion the true bubble starts now, as no matter what happens now Central banks will try to prop it up. Essentially the biggest risk is in bonds and currencies, not everything else. I do believe there will be a big sell off at some point and I do believe that over the next 6-18 months we will...
1. Most liquidity in the space goes through Bitcoin. Still most alts have BTC pairs, most derivatives volume is on BTC and it is also frequently used as collateral for margin trading. People can easily sell BTC to get USDT to buy alts. 2. In 2019 from the lows, BTC went up and squeezed all alts. Alts bottomed vs BTC when Binance closed US accounts & Bakkt...
GOLD Failed to hold above ATH. Support turned into resistance. Below 50 DMA & Monthly P. More downside possible with 1935-1950 potential top. DXY Kinda the opposite of Gold, but bottomed much later. Right now seems to have reversed and trying to go up. COPPER Diagonal broke, it started trending down, but has now come back above the old highs. Very tricky...
On this 'Market Open' I am going start with in-depth analysis of traditional markets so that we can have a holistic view of the global macro and how could this affect the crypto markets. 1. USD - EM Currencies fell a lot more than I had expected, but also had a much stronger bounce than the rest. The EM currencies I've been bullish are CNH, ZAR & MXN, while I've...
For many reasons I've talked about over the last few weeks, I still believe there is more downside. I believe the bottom will be with SPX 3100-3180 & NDX 9950-10200. Of course I could be dead wrong, and Nasdaq continues much much higher as things are going parabolic. My view is that long term (over the next 1-2 years) NDX will hit 19k, but until then there will...