GunMoney

GunMoney

MANA been WEAK. But if we hold here it's rockets ships....

GunMoney

Just like the title says, when the VIX loses this parabolic pattern markets will likely enter a new bull-cycle. No guarantees, but very likely. The pandemic is essentially over. Many stocks and industries have been absolutely beaten down for months, if not a year now. There is more money on Earth than ever has existed before. Every knows the Feds plans for...

GunMoney

Lot's of uncertainty and indecisiveness in the markets. Bitcoin squeezing another pennant. A higher lows but also unable to break overhead lowering resistance. Stocks have rebounded quite well off their bottoms a week or two ago. Have they topped?! WHICH WAY DO WE GO!?!? No way to tell. I think general sentiment and basic economic data might be the catalyst...

GunMoney

To start, regarding my last MANA post, all is still in tact, it's just taking longer to perform than some other tokens. This is why it's best to have a few tokens in your bag. While MANA and FIL have been languishing I had a great trade with ETC, added 33% to my entire portfolio value in a week with that one trade (not pennies by any means). As MANA and FIL sat...

GunMoney Updated 

Some would disagree, but to me it seems if the market goes bullish again MANA is prime for huge pump. Some bullish factors for crypto: 1) Biden signs EO embracing crypto 2) UAE embraces crypto 3) Ukraine legalizes crypto 4) Geo-political uncertainty, crypto alternative currency 5) Whales pulling BTC off exchanges by the billions 6) Ukraine/Russia conflict...

GunMoney Updated 

Clearly the powers that be want to melt the markets. Coordinated fear has been manufactured for months. Is the VIX indicating complete meltdown or is this just a big fake-out? We won't know for a few days/weeks but IMO the media is so intertwined with politics now they can manipulate as they please...

GunMoney

The title and the chart say it all. Unless a whale gets cold feet and decides to dump $33,000 is the absolute bottom where there are simply no more bitcoin left on exchanges to sell. Time will tell....

GunMoney

Has Bitcoin taken the lead in the charts? I remember in 2018 when people were saying bitcoin chart would begin to mimic gold, it did so, almost perfectly. Now, the tables have turned? Total prediction here, having fun, not serious at all. But I could see 6 months of gold and crypto rally and then something around September-October decimating all...

GunMoney

Hate to be so dramatic but we may be at the "make it or break it" junction with crypto. A breakdown here sub trendline support may take us quickly to BTC $28k-$30k range. IMO that would be tough to reverse out of anytime soon (in terms of more rally and new ATHs). Daily MACD showing likely signs of correction coming. Daily RSI has turned south and appears to...

GunMoney Updated 

While we held BTC $40K and ETH $3,000 I kept a sliver of bullish hope. That is gone now. Sorry, bulls, I believe the rally is ending now. Like in 2018 I think ETH will be one of the best, safest bets on a reversal trade for what I think is going to be a gut-wrenching sell-off (for those still holding). Stocks and crypto are done, prepare for the year of gold...

GunMoney

Feels like the bleeding is almost done (unless some crazy black swan event happens). Another test and hold of $40K will set us up to break overhead resistance and begin another push upward. I'm not so perma-bull to call new ATHs anytime soon, as the EW wave count was just obliterated by that punch sub-$52K, but another test of $60,000 range is likely in the...

GunMoney Updated 

Is ETH at bottom? No idea. Very possible. But another plunge is also completely possible. If support fails here it's BTC $30,000 and ETH $2,000, IMO this would surely end this bear market. But technically I believe we're still in one. Still building higher-lows. Daily MACD at an extreme low. Daily RSI at a 22 month low as well. Fear/Greed index was at...

GunMoney

Despite the ample bearish signals in my last two ideas there are some larger time-frame bullish signals as well (not mentioned here, but others have done a great job pointing them out on their ideas). If we hold $45K range and trend sideways and break overhead resistance we're likely off to another pump. 200D MA could act as support and we're in a heavy volume...

GunMoney

Daily MACD in bearish territory about to oscillate bearishly. Bearish daily ichimoku with widening gap Daily volume profile, empty air below, now below the POC. Is the unexpected about to happen? Of course, anything is possible, and we could hold and surge, but looks like we're going down at least for the rest of the year IMO....

GunMoney

I don't believe we have another bull-pump in this market, at least anytime soon. Still so much profit to take, so much hype and so little interest. Unless the New Year somehow kicks off massive buy volume more correction is in store IMO.

GunMoney

Just posting this for fun. Metals move like molasses compared to crypto and have been sideways for a year. But like many feel like the "next rally" is going to be mondo. Just not willing to allocated any capital unless we get a) break out and sustained uptrend (buy the dips), or b) a bottom that makes even the most die hard gold bugs cringe or c) a bear-trap...

GunMoney

I think this is fairly reasonable given the set-up. Double bottom on daily RSI at 30ish. 50D MA coming down as resistance. Symmetrical price levels for head & shoulders pattern. Sell target $38, approximately 35% gains in a week or so, not too bad....

GunMoney

Once we invalidated the elliott wave count with that plunge sub $53K I went bearish. Yes, we're holding 200D MA and 50W MA but the double-top has created impenetrable resistance now IMO. That wick to $42,000 cleared out a lot of support. We bounce of the double-MA support zone but then that's it. China is liquidating due to evergrande, 40 year high inflation...