We are touching resistance now but I'm talking about a possible bullish case. Rsi is overbought as well. But I see cup and handle
I am always bearish, but now I am neutral; Inflation must have peaked by now My target for USD is another 10% up, but it also means we almost bottomed. I don't mind eating a dump, the upside is bigger The FED won't hike this aggressively anymore Next meeting is in two months RSI looks overextended and screams for a big drop, though, we could have it after pumping...
This will be my main bag. Plus get yield rewards, up to 100% a year. Easy. I noticed a pattern that tokens listed on multiple tier 1 exchanges did a 20-30x. Next bull run will be more explosive. Be ready!
The RSI is still very bearish, we need a divergence to confirm the bottom, a big crash is likely, this will be our final capitulation candle.
1 - every Fed meeting with hike increase did a 33% dump (could it be priced in?) 2 - RSI doesnt show any bullish divergence yet 3 - 1D RSI shows FOMO and correction due 4 - HS pattern on indicator 5 - there will be no Fed meetings for 2 months the divergence printed during this dump will mark the bottom of BTC.
1D major bullish divergence, if we would bottom here means we would have ATH before halving. This does not make sense
The bigger the pump the harder the crash. You are not prepared. Nasdaq and SPX also printing bear flag, this is going to be an epic dump.
Reason - ECB start hike -> bullish for EUR FED start hike for another year -> bullish for USD Inflation highest in history- when this happened a recession follows Chinese are banned from crypto transactions since December 2021 (exchanges not allowed to host Chinese users), drop in volume Mt. Gox Bitcoin release since August 150k Large Bitcoin wallet sending 10000+...
I am in the crypto market for 4.5 years and I checked the chart nearly every day since December 2017. Altcoins and Bitcoin will go down another 50% Reason - ECB start hike -> bullish for EUR FED start hike for another year -> bullish for USD Inflation highest in history- when this happened a recession follows Chinese are banned from crypto transactions since...
1. ETH BTC chart: touching resistance cup and handle, symmetrical triangle 2. Previous bull run we also had a pump after 40% in the bear market. 2017 October 277 to 419 October 40% 2018 July: 5900 to 8600 37% 2022 July: 17000 to 23700 = 32%! 3. April trend line is being touched, third time we touch it 4. USA interest hike meeting in a week 5. ECB...
Bearish: 1. Not broken April trend line yet 2. Mt Gox 150k btc dump 3. ECB hike increase, USD similar Bullish: 1. Previous bull run we all bottomed at 200 WMA with wick to 300 WMA, we did same just now 2. monthly rsi trending up again
Last time 1D RSI went this high we had a massive dump, furthermore we had a touch of top of bear flag, and you don't turn bear into bull (all these 20 to 30% pumps) into a few days or weeks, we still getting mt gox dump and the interest hikes
We have gone above 200 MA which indicates bottom is most likely in, just like previous bull runs. However RSI warns me this is a bull trap and there are other nasty resistances ahead. I opened a short with high leverage, this is my final trade, if it goes wrong, then so be it.
CPI data coming out in 2 days DXY not topped out, 118 is my target, currently at 107 150k BTC dump from Mt. Gox August 200 WMA is now resistance
Bear channel, rising wedge, I will open a short soon.
Falling wedge above support, now about to reach resistance of 118, and also target of Adam Eve pattern. I expect a descending triangle after that. This coincides with 10 year stock reset and 4 year crypto cycle. Time frame is a little bit too long, my excuses for that. I think from December 2022 till May 2023 we might see DXY finally going down. 2024 and 2025 is bull
This is a very detailed analysis by Dia, I won't post till Q4 2022. - I see believe in 4 year cycles, average bull cycle is 800 days, and average bear market is 400 days, the other 200 I called ''neutral'' days where market switches between them. - Macro economics are very bearish , including stocks, more downside is definitely expected to keep inflation under...
The market cap is a minuscule 700k, there's a high possibility that the price could reach 1$ the next bull run, or even next year! - The team is adhering to the roadmap - 278 p.a. staking rewards on Near blockchain Trisolaris - 20 p.a. on Kucoin - XNL can be used to trade NFT's on their web app. - Collaboration with Universal could be in the play, imagine Jurassic...