BTC is retesting support on the pink line after breaking out a few days ago, which is very good for it!
Looking at the vibe in the stock market, we are risk-on so BTC and the whole crypto market can benefit from this!
I am buying right here BTC and some strong alts like MATIC and NKN.
Take care and enjoy the bull-run!
BTC has been fighting the Pink line resistence in this range for some time, but now it has managed a close above it. All we need to do from here is to hold it as support.
Load up, boys and girls! We are off to the races! :)
We went a bit lower then I first anticipated, but this was just another opportunity to buy lower! Hope you did or will do now!
We touched the 200 daily EMA and we found strong support there!
So now UP ONLY can resume! This is the last time I have to say this. YEEEY! :)
Now is the time to load your bags with BTC. and most alts!
The orange support has held and we can turn bullish again!
Alts to get into are the ones that lead the market: ETH, BNB & MATIC. Can't go wrong with these 3! Enjoy the profits!
We can see the black line acted as resistance and now is our support. A solid break below would mean the end of the bull-trend for Doge and a safe shorting opportunity. If we bounce instead, I will grab a BIG bag and let it run to the orange line!
Very important in the following days: the orange line will get tested again rather soon and I think that would be a...
Selfkey is 50% off it's ATH even though it's fundamentals are very good (real life use for privacy - check their website) so I think in this bull market it has the opportunity to go even above that.
So, the target is 0.04 $.
Enjoy the run!
The Elrond team has been working hard these last 6 months and it is paying off!
After this consolidation, EGLD can go higher again and to a new ATH very soon.
So load your bags and enjoy the ride!
Take profit target: $379 - $389.
And take care.
This very important trend-line is being tested right now!
Do we see a big bounce of it and break its ATH soon OR does ETH goes down now and even further more in the long term?
In the world of layer 2 solutions, I don't see ETH lasting as the #2 crypto for too long. So I will go with the latter on this one and short it with a tight stop.
Take big care and big profits!
First of all, the blue line comes since 2013. It acted as support so now is only normal for it to be the resistence this bull run will end have to break or die trying.
Second, the Fibonacci retracement shows our upper limit at about 81k.
Third, the black line, our current bull run support I think will be tested again after hitting 80k.
So, in conclusion, I advice...
The bull market that we have noticed after the GFC of '08 started because of the low-interest rates enviroment. This is the main driving force for the S&P500 and the whole US stock market. It even has a pysical form, presented on this chart: the black line!
It is the great hand that keeps everything floating at overwhelmeding valuations and it looks like it is...
The pink channel is still valid and we also have a strong trend-line that acts as support.
I think this is a very good shot to buy BUY BUUYYY at the blue dot, with a very tight stop.
Any 4H close under 1659 invalidates my thesis.
Good luck guys!
Looking at the 2017 bull-run, I have seen some indications that this bull run will get to a local top of about $69700 in the week of 8-15 of March.
I think this will happen because BTC has some of the smoothest trajectories on the market, being that it is pretty easy to trade on the higher time-frames.
Today the market ended lower, at about 3900. I don't think it will go lower next week. This was to opportunity to buy more.
I know it is a long-shot, but the fact that the P/E ratio is still not the highest it has ever been and that the Stimmy checks I think will keep coming, when the economic outlook will look "better" (many people will have got the vaccine and...
Watching the TV and the social media with it, anyone can be convinced that the dollar will keep getting crushed and there is no way but down for it!
And that is why I am inclined to say that IN THE SHORT TERM, the DXY will go UP !
The S&P is at an ATH, so be careful for a good pullback. This pullback for the markets and rise of the dollar will be short lived...