Looking at the Bitcoin Investor Tool chart which depicts Bitcoins price within the 2 year daily moving average and the same average multiplied by 5 we can see that Bitcoin is trading at the lower band of this channel. While may trend a bit lower or even break it appears more likely that soon Bitcoin shall rise again and trend towards the upper band to ultimately...
Have a look at the bond market. Interesting to see bond yields rise. I saw US 30 year treasuries at a bargain of price of 65%. That gives you a yield of 3%. Interesting however even more so the relation of the crypto market to the stock market and wether it is time to worry about Bitcoin or the crypto market as a whole. Just look at the ratio of crypto versus the...
I wanted to show another view on some of the key indicators to make sense of the current market / Bitcoin weakness. Bitcoin is just at the 0.618 fib. retracement level on the weekly from the mid-January 2021 lows. That level is very key to hold. Also the 200 day moving average is just about in sight (about 6% or so downwards only). This is THE make or break level....
Scared? Nervous? Waiting for Elon's next tweet? Need some good news in all this downtrend crypto market? Every time the market does crazy stuff I head to my technical analysis to kind of make sense and look at the big picture. The question that comes to mind is if this was it and the 2021 Bitcoin bull cycle has come to an end or how much lower will Bitcoin...
Inspired by Nicholas Merten's (DataDash) recent posts on Youtube I thought I would test his thesis whether or not Bitcoin will experience a logarithmic growth ceiling at $70k. Nicholas analysis has him believe Bitcoin will experience a drop here in the near future and down and sideward movement to then later break the logarithmic ceiling he perceives. So I drew...
Wanted to share this around the outlook on the EUR and Dollar. Looking at a more long term chart one notices the weakness in time of the EUR versus the Dollar. All simple and forward. The dot.com bubble burst was more difficult for the EUR zone then the USD. Same for the subprime crisis. Then came the negative interest rate in Europe. And that sucked most of the...
Bitcoin has been performing very well for four (4) weeks. With $60k being a pretty tough nut to crack I expect Bitcoin will take another breather next week and retrace. Have a look at the possible downward trend scenario to about $40.5k over the next weeks. The fib retracements match very nicely the possible landing zones. The 61.8 fib. retracement is a perfect...
Ethereum has been performing very well for four (4) weeks. With $2k having been cracked I expect Ethereum will take another breather next week and retrace. Have a look at the possible downward trend scenario to about $1.400k over the next weeks. The fib retracements match very nicely the possible landing zones. The 0.618 retracement is a perfect 30% retracement...
HEGIC is in a 4 hour parallel channel and it appears it is reaching the bottom of it. Hence it has potential for the next upward swing, which if it follows through could mean a 2x on your investment. The chart is showing the HEGIC € value (for my EUR view trading purposes). Hegic has tremendous potential as it provides a platform for on-chain peer-to-pool options...
Hi Folks, after a longer period of focusing on my trading I am back with some ideas. Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees. PancakeSwap is a Binance Smart Chain-based DEX (decentralized exchange). I wasn't really aware of it until the recent Binance Coin...
Hi Folks, after a longer period of focusing on my trading I am back with some ideas (see also the similar post on CAKE - PancakeSwap linked below). Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees. Venus is a Binance Smart Chain-based DEX (decentralized exchange)....
Just a quick side note. There seems to be a clear relationship between Bitcoins price and the US Dollar. The Dollar gained on the Euro and immediately Bitcoin reacted sharply. Have a look. See what you think. Share your thoughts. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me....
For folks new to the crypto market this on going "crash" is a scary time. For long time crypto market traders normal, potentially annoying while posing a great opportunity to average into Bitcoin. Still do we have a problem? Is there more downside possible? The answers are not yet and yes. Bitcoin seems to have found support at the 0.5 fib. retracement (for now)....
Ethereum has been rattled by the ongoing sell-off at the crypto market. Just failing to make new ATHs it crashed already to a hard rocky -30% bottom @ $950. As all crypto assets it is desperately to to cling to a support line. The $900 level seems to be the best hope right now. Mid-February 2018 this was a resistance level and could now turn into support. Also the...
On the notion of my current favorite indicators to find a way through the parabolic madness of Bitcoin and the crypto market here a dedicated view on Bitcoin . Please see my related ideas for some explanation and context. There were early signs of trouble and clear signs of trouble and now Bitcoin must defend the upper weekly Bollinger Band or else rock bottom is...
The rocket ride has abruptly but predictably ended with a landing on the rocky moon of retracement. I had predicted the price drop and according to that prediction there is room for taking the rocket another level lower. I have marked -30% and -40% rock bottom targets. These would not surprise me, but spoil the fun of continue riding up on our Bitcoin Spaceship...
Yeah I know it sucks for Bitcoin to drop so massively and destroy all short-term hopes for a continued uptrend without "downward disturbances". I anticipated the drop and predicted it on Jan. 7 Still it caught me off-guard and brings a bit of annoyance and call for patience. To the chart we go and let's check back with my Bitcoin channel prediction (see related...
Possible Indicators / Patterns / Observations: Based on analysis of the 2013 and 2017 cycle (see my related ideas) I have drawn this prediction model based on the following assumptions. If too much text bothers you just jump to the crystal ball prediction section. Stock-to-Flow target of 100k will be reached and multiplied. The current trajectory is very high and...