CarpeMomentum

CarpeMomentum

Bitcoin is clearly on a retracement pattern. The gains have just been too strong and the market is venting. The test of the 0.236 fib. retracement at ~$17.5k seems inevitable. This may not be the strongest support as Bitcoin is breaking the higher lows trend line (upper green arrow). That leaves $17k to hold. Keep in mind the massive gains on Bitcoin over the last...

CarpeMomentum Updated 

I have taken a look at the Ichimoku cloud indicator and compared the current time frame with that of December 2017. Looking at the bullish Ichimoku conversion line cross base line back then and recently in 2020 and matching the speed (73 days) at which BTC reached its last ATH a very aggressive but valid forecast appears to be for Bitcoin to rally until December...

CarpeMomentum Updated 

Bitcoin is at very decisive decision point. Let's not fool ourselves as aggressive as my 52k target until end of December maybe the bear whales may well want to short Bitcoin to make some nice profits. Scenario A, B or C, which will it be. I favor A, but want all of you to be aware that there is no crystal ball and B and C are very well possible. The area just...

CarpeMomentum Updated 

Here the Euro view on the strength of the Yuan. The Euro is fairing quite a bit better then the US Dollar against the Yuan. Still the flaming dragon is in the air ;)

CarpeMomentum

The Yuan has clearly outpaced the US dollar . Over 8.5% increase in value vs. the USD since the pandemic. The Euro is also gaining on the USD. A lot of central bank games going on so it is very difficult to predict where the Yuan will go and if China will be able to sustain its current track. China in my view will sustain and an 8% in value vs. the US dollar is...

CarpeMomentum

EOS is facing a ton of resistance levels (7 to be precise) before even being able to reach 5€ which is only about quarter of it's all-time high. Unless there would be a major catalyst for EOS it seems unlikely EOS will participate much in the next alt-coin cycle. Taking a conservative approach to possible gains on EOS seems indicated. 1.5x seems feasible until mid...

CarpeMomentum Updated 

Looking at some of the historic phases we were in (Dot.com Bubble, Real-Estate Bubble) and the current Zero-Interest Bubble, the M1 money stock and the development of the S&P500 the question arises if gold is losing it's relevance as safe haven. Given the explosion of central bank money and the clear trend to govern by central bank monetary policy one would expect...

CarpeMomentum

Bitcoin Cash has had massive downside after its all-time highs and went deep into the "Bear Zone" down to 65€ but never was able to get over 300€ ever since. I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon. There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach...

CarpeMomentum Updated 

There is some big assumption coming with the 4x opportunity for DASH. The main one is that DASH will be able to participate in the next parabolic alt-coin cycle. If it is does and taking a conservative approach multiplying its value to about 264€ is absolutely in the realm of likely possibilities. There is four resistance level to conquer: 66€ (which it appears to...

CarpeMomentum Updated 

Litcoin is facing just like BTC a key resistance level at $64 if Bitcoin is able to continue on its path to break the resistance Litecoin is likely to follow suit. Then the next barriers for LTC are $72.25 and $80. After that assuming the next altcoin cycle will have been let loose by the Bitcoin bull run, Litcoin has the opportunity to 5x with a year. It does...

CarpeMomentum Updated 

Bitcoin (BTC) is fully beating all markets and is the leading asset for many weeks now! Three scenarios I can foresee. (A) Bitcoin breaks through the $16,200 resistance and straight also through the $19,000 resistance and makes new all-time-highs. This is the very bullish scenario. (B) Bitcoin bounces of the the $16,200 resistance to make a bottom at the $13,750...

CarpeMomentum

On the notion of who is the best bull in the stall. Bitcoin (BTC) is clearly outperforming everybody. Gold, S&P500, Dow Jones Industrial, DAX Just so easy to spot, yet classical financial markets are I guess afraid of this bull.

CarpeMomentum Updated 

Ripple (XRP) number 4 by market cap has been rather reluctant to let the bulls out of the gates. Against to Bitcoin (comparison chart on the bottom) it has continuously been losing value to reach all-time low territory. Against the USD it managed to break out the descending wedge and has been on a steady uptrend channel. The resistance level at $0.28 and $0.30 may...

CarpeMomentum

The following is NOT financial advice: Still feels like mainstream is not aware of the interest savings options available these days. On the Nexo platform they recently raised their interest rate another 2% and you can now earn up to 12% compound interest in stable coins and fiat currencies and a whopping 8% on crypto assets. Paid out daily! The highest interest...

CarpeMomentum Updated 

With the recent strength of Bitcoin crashing important resistance and also taking the $13,000 marker BTC is on it's way to test the $14,000 resistance. So my scenario A (see link to related ideas) played out well. Now only the $14k mark is in the way to kick-off the next parabolic bull cycle. The market was fully carried by Bitcoin across this milestone. Just...

CarpeMomentum

XRP is on a steady uptrend for weeks. With recent breakout of Bitcoin acting as a catalyst also Ripple is on the path out of the Keltner channel. Next barrier is the $0.30 marker major as a former resistance level. Much will depend on the strength of Bitcoin to pull up the market and Ripple along with it. The missing ~9% gain to get to the barrier of $0.30 seems...

CarpeMomentum

I had taken a closer look at DASH and wanted to give a more concise picture if DASH is about to break and become irrelevant (in terms of value) or if this long downward trend may find an end soon. Looking at just DASHUSD gives for example the impression that DASH broke out of the downward trend wedge and now is seeking to find support on the downward trend to then...

CarpeMomentum Updated 

Fellow analyst on Trading View #TradingShot brought up an interesting analysis on the notion correlation of BTC with the DXY (U.S. Dollar) and M1 (Money Supply). His view from December 2019 to today seemed to give room for speculation on a possible correlation. Intrigued by this idea I compared the three in separate panes and on the weekly view starting July...