LTC is cheap compared to other Alts or BTC. Sure it's just a copy of Bitcoin with no technological superiority compared to other cryptos. But it's the second cryptocurrency made, so it's name is embedded in crypto. And although it's cheap now, I don't see it being so cheap when the next mania hits.
Seems like bitcoin may be going for the previous swings uptrend median. As you can see in the chart this median is a crucial balancing point since the last peak.
Thos would coincide nicely with a risk off event in the markets, and a dollar rally.
Patience here may pay off.
For a deeper macro understanding of the forces at play please check the...
So Silver seems a bit extended here, and so is Gold, but the correction in gold should be milder. The reasoning for a correction in Silver is displayed above, but more importantly Dollar seems to be basing for a small rally of it's oversold levels (See linked idea below). The Euro is struggling at longterm downtrend resistance (Also see idea...
With tech stock P/E valuations going in to triple digits (Looking at you TSLA). How can company like Intel be so hated and overlooked here? It's undervalued both fundamentally and technically. Sure the company is going trough a bit of a rough patch, but c'mon P/E at 10 for a triple A tech company. I mean It's as simple as it gets, buy LOW sell HIGH. And this is as...
So everything in the highlighted range is a buying opportunity as the past has showed before. However we're at the bottom part at the range right now, and we could we the price go lower to 9.3k or so, and it looks more probable than not at this point. However if we were to look at the grand scheme of things whether you buy in at 10k or 9k DOES...
In this chart you can see the major EUR/USD longterm downtrend. And as we can now see the Euro has come up to a major inflection point.
Currencies turn over a longer period so we should still see 45-60 days of chopiness between 1.18-1.20. And then I'd give a 70 % Probability of the Euro going down against the dollar.
Though most recently the...
Crazy times right? With the stonks market ready to drop the bass (reffering to lonely island song). Dollar basing for a rally. And crypto fighting right at the downtrend upper median. The stars look alligned for something big right as we end this COVID summer.
You might also want to check out the other ideas linked below for some perspective on this...
BTC has reached it's longterm downtrend upper parralel. As you can see this zone has marked 2 tops before. Will we see another correction now?
On the other hand if we break out from this range. There will be a sizable move up, since we'd brake the last heavy downtrend resistance.
Stocks are exactly at the same position right now, whereas the dollar is trying to...
We're getting close to the ultimate short. Expecting a blow of top soon as everything starts accelerating. This is just one example of a multitude of overvalued companies. Even though the fundamentals are there these valuations are not justified by any mean.
Heikin Ashi has turned red, and the daily bollinger bands are signalling a move is coming.
Considering that SPX and bitcoin are both due for a correction and they're both correlated (due to the risky nature of the assets).
Also once a heikin ashi has turned red on the weekly which has also happened on SPX, DJI, Willshire 4500... The odds of the next 2 to 5 weeks...
In addition to BTC sitting right at the resistance i've noticed that the crypto Total M.CAP is sitting right at resistance here.
We either get a serious break out or go down up to like 20% next week. The oscilliators are kind of showing that there is a possibility of a break out, but the price action shows a very uncided market.
The moves will be...
Just putting this one out here.
Spotted a weakening trend with heikin ashi candles.
There may be a short opportunity here, but with limited gains. Therefore I'm still just waiting for the 8k to buy in.