Someone asked me if I could do an LTCBTC analysis, and here is my view.
LTCBTC has been historically on the decline. Ever since LTC was created, it kept falling behind.
At first it was the number 2 coin after bitcoin in marketcap, but it has been replaced by other coins.
And since LTC unfortunately does not have very unique features, I think this trend will...
Hi dear XRP fellows, who are waiting for this coin to break out.
If we look at XRP's price history, we can clearly see the very strong correlation with BTC's price rises.
I think we are now where we were in late 2016.
XRPBTC then started rising, but as BTCUSD started nearing ATH levels at 1200 again, XRPBTC started declining again.
I think it will be the same...
This is it ladies and gentlemen. The moment we've been waiting for since late 2017.
The multi year bullish flag is nearing the end.
The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line.
If that happens, then the next bull cycle officially begins.
It will lead to 20k this year,...
This giant XRPBTC wedge here, which has been in play since 2 1/2 years now, is about to break.
I think that initially XRPBTC will rally, but then BTCUSD will start pumping, prompting XRPBTC to dive again, and retest the previous resistance of the wedge, now become support.
Then at some point, around the time BTC will reach ATH levels in 2021, around 100-200K...
I think it's quite likely that we're going to revisit the MA200 one last time, as a final shakeout, before any kind of rally can start.
The stock market looks as if it want to commence a second dump wave, therefore, it's quite likely that btc will follow to some extent. However, it will not follow as strongly as last time, because
now, we are in post halving...
It is looking better and better for the emergence of a new rally, despite all odds.
Now, if the weekly candle closes above 10.5k this week, this will be a huge cofirmation, the one we need to be very sure that we will indeed see a giant new bullmarket.
This will culminate in hitting 20k still this year, and new all time highs by late 2020 or early 2021. 100k...
I suspect that BTC's inability to break through 10k decisively means one further big dump towards the weekly MA200, currently sitting at around 6k.
BTC might complete the huge triangle since late 2017 by one last move down to the support line which coincides with the weekly MA200.
However, it could also surprise us and just break through 10k after all in the...
This here is a really nice wedge that Tesla is printing. I think the stock will range now for most of the year.
Without Corona, I am very sure, we would be at prices of over 1000 USD now, but as it is, the stock must range and stabilize for a while.
Then, at the end of 2020, we will either see a large pump, or a dump, and the later pumps.
This will of course...
We can see in the monthly picture that the Bollinger bands are actually not really narrow enough yet.
This means that a big move is still a few months away.
If we look at 2015/16, then BBands were quite a lot narrower in the monthly.
It is therefore likely, that we will see the big moves coming later in 2020, possibly as late as early 2021.
But in which...
A rising wedge is, as we know, normally a bearish formation. 70% of them break to the downside. However, the volume profile tells us, that there aren't strong resistances until the 8k range, maybe BTC will surprise us?
It will of course strongly depend on macro economic events. The stock market is seeing a relief rally, but as we can guess, this relief rally...
Here is the yearly chart of the SP500. This is now really ultra longterm. But in order to find out what would happen in the case of a
recession, it is really useful to look at such long timeframes.
We see that in the past, the middle yearly Bollinger Band always provided support. Even in the insane crash of 29 and the following recession, it went
We impressively were shown just how strongly correlated bitcoin is with the global financial markets.
The hopes of many that BTC would be a safe haven and thus inversely correlated with the stockmarket, proved to be wrong.
This means, the next years will HIGHLY depend on what the global markets will do, and therefore how this pandemic will be resolved.
Ok, BTC has unfortunately chosen.
The weekly candle has closed below the weekly MA200, and that is a very bearish sign.
Turns out, the people that hoped for an ABC type correction were right after all. But ok, this is due to the unique macro-economic events that are basically
leading the whole world into a recession. Without that event, I think BTC would not have...
So BTC saw a giant sell-off amid the global crisis.
All asset classes are being totally hammered. And since crypto is unfortunately not as many hoped inversely correlated to the stock market, it drags crypto down.
Now it is really important that the weekly BTC candle closes at or above the weekly MA200. Then, with the coming halving we have a chance to still see...
Well, Dax just broke an important weekly support, let's therefore look at the longterm monthly picture.
We see that the monthly MA200 had excellent support the last times in 2001 and 2008. If this scenario was to repeat, and we indeed
get a financial crisis due to the corona pandemic, then we might see Dax go as low as 7000, before rebound. New all time highs in...
So of course as we can see, big surprise, BTC is not anti-correlated with the stockmarket and other assets, as many people would have hoped for.
Instead, BTC dumps when the stockmarket dumps, and pumps when the stockmarket pumps.
This is disappointing, but we kind of knew it of course already by comparing the BTCUSD price with the SP500 since 2010. There...
First of all I like to emphasize how extremely happy I am about this rally.
The shorters really had it coming. The incredible amount of arrogance they displayed just had to be punished. And a severe punishment they did receive.
Now of course everyone is thinking that this here has been the top. However, if it would have been the top, the correction would have...
Both ETHUSD and ETHBTC are doing giant triangles.
ETHUSD is doing a giant bullflag which could break to the top already very soon.
ETHBTC is doing a giant falling wedge, similar to for example XRP, which will see a strong break to the upside sometime in 2020.
New all time highs for ETHUSD at the latest in 2021.