Ultra is in the NFT/gaming space and is solid token. One of the few Bitfinex IEOs and is on super strong uptrend both vs USD and BTC. Clean and steady. Recently got added on Bithumb which is definitely a big listing and could push it much higher. Buying the consolidation at ATHs is definitely a great idea in my opinion.
Although stocks are up 100% from their March 2020 lows and up 200% from their 2000-2008 peaks, I still think there is an even bigger move coming. The way the system is structured and the direction the world is heading are all telling me that we have more upside. But will there be a break? I think there will be, but it will be a buy the dip opportunity. In my...
Over the last years there were periods when US stocks outperform EU stocks and periods were EU stocks outperformed US stocks. Almost like a perfect oscillation. Currently EU stocks have been consolidating for quite some time and especially German stock, so maybe all stocks do well and EU ones do better. The secular trend when adjusted for EURUSD rates too, is...
After more than a decade of poor performance relative to other markets, the Australian stock market has clearly broken out. At least it has broken out in AUD terms, not USD terms (not yet). It's looking pretty strong and in my opinion it could continue much higher. Definitely one market that makes me have a more bullish outlook on stocks in general. At some point...
My short answer is no. Oil hasn't peaked yet in my opinion, although in the short term it might chop between 63-77$ before a big breakout. As OPEC+ has decided to increase production, we might slowly see the effects of that + there are some general deflationary pressures like new Covid strains and endless lockdowns that might push oil lower in the short...
Gold has been stuck in this range for quite some time. Although it hadn't been looking great for some time, due to the falling bond yields and the deeply negative real rates... Gold could finally break out. However until we see it break and reclaim 1920-1940 which is also the 2011 ATH gold might just got a little higher and then drop hard. In the case of a rising...
Bonds all across the world, across all different spectrums (from gov bonds to junk bonds) have been rising (their yields falling). This is a signal that there are deflationary pressures and that people are searching for yield in an environment with few opportunities. There are other reasons too, but overall this isn't the best signal. Clearly big corporations and...
1.15 is a key target that in my opinion could be hit. Until we see EURUSD close above 1.25, EURUSD remains somewhat more neutral/bearish in the short to medium term, although it is bullish long term. EURUSD has broken some key levels and is looking strong on high timeframes, but in the short term it is still range bound and could fall down to 1.14-1.15 where it...
For several months I've been talking about the issues with the reflation trade. First it was the Dollar and some stocks topping, then it was bonds going higher, then Crypto crashing and others markets topping a few weeks later. We saw the cracks on Copper, Oil and so on. But is it over? Will the Fed actually tapper and that create issues to the market? Will the...
As you can see from the KAVA BTC chart on my previous idea, Kava didn't have a strong pump in 2021, but has formed a very strong base in BTC terms. The USD chart also looks a bit like a long term consolidation, so it could definitely be one that starts moving. At least it is one that is refusing to drop vs BTC while everything else is actually at their lows, when...
BTCUSD currently in a very bearish trend. Keeps closing lower and lower both on daily and weekly charts, while the price keeps getting rejected at previously important levels. Bitcoin is oversold and cheap compared to several models and previous cycles, but because it went up too fast it could potentially bottom anywhere between 12k to 28k. Essentially its...
Bitcoin is in a weird situation which looks like strong accumulation, while Bitcoin is cheap based on various models and indicators... However across all timeframes it is bearish. It hasn't managed to close above the Monthly + Weekly pivot, it is still below the main Volume Profile PoC (if we include the January area too) and it is below the all major daily moving...
AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't...
Currently the Euro is moving sideways vs the US Dollar after a really strong uptrend from its bottom in March 2020 until the beginning of 2021. It is moving sideways, however it has lost some key levels and the uptrend seems exhausted. It went from Yearly R1 to Yearly P and bounced hard, playing the key pivots very nicely. However now it is breaking below the 300...
Bonds have reached a very important level. For now this seems like a *logical* place for the *anti-reflation* / deflation trade to end, and for the risk on trade to be back. I am more on the disinflationary (very low inflation) camp, however bonds have risen substantially and it might be time to take some profits before the resume lower. I don't think we will have...
GME reached the 200 MA on the 8h + extended hours, it hit the S3 weekly, the diagonal support, a VP HVN and it managed to get into an area that was previously resistance (currently turned into support). So to me this either is the bottom, or GME is in trouble. This is a massive combo and the structure of GME in the long term is still bullish. In my opinion the...
Many people think of gold as an inflation hedge, which isn't actually correct. Gold is a hedge on many other things and it has various interesting 'properties', however in the world we live in right its role is definitely isn't as clear as it used to be. Gold is a safe haven asset, but every time we get a liquidity crisis gold gets punished and the rises quickly....
After QNTBTC and potentially TOMOBTC I can't remember any really massive base formation (strong accumulation - consolidation) vs BTC at a bottom. DOCK had that massive capitulation vs BTC in 2018 and 2019, but in August of 2019 it bottomed and since then it hasn't made any REAL new lows, only briefly sweeping the 2019 ATLs. From early Nov 2020 since end of Feb...