MillionaireEconomics

MillionaireEconomics

There is a lot of technical data shown on this BTC Bitcoin 1D chart: 1) Check out the 21 EMA support, and the 50/100/200 MA support 2) Look at the VPVR with my support lines noted. 3) Look at the Fibonacci retracement levels 4) Price is above the ichimoku cloud 5) Price is sitting on the trendline since October pump 6) RSI broke down from the trendline forming...

MillionaireEconomics

I put a side by side comparison of the 2017 bull market parabolic run with blow off top versus what is currently happening now and what could be coming. Though history doesn't repeat, it generally rhymes. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock...

MillionaireEconomics

Bitcoin current bull market cycle comparison with the prior bull market in 2017 shows very strong similarities. I put together a log scale parallel channel along with taking the 2017 fractal into current price. It seems that there may be a short term dip coming with a parabolic move coming right after. The current cycle seems to be extended so we may not get an...

MillionaireEconomics

ARK Innovation ETF (ARKK) led by Cathie Wood is shown a possible near break of the triangle with a possible golden cross on the MA coming up very soon. I plotted fib levels to see how I we can possibly go. There has been consolidation since March 2021. It seems that a breakout is coming very soon. What are your opinions on this? Comment below, hit the like and...

MillionaireEconomics

I am showing this analysis on the LOG scale chart. Chainlink (LINK) recently had a golden cross (50 crosses over the 200 ma) on the 1D Chart. Per the charts, the last time this happened was when LINK was around $2.84 and it went into a Death cross at around $20.52 (about 615% increase). If LINK can get back to the top of the channel, that would be around $116...

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Fantom (FTM) on the 1D chart shows a lower high. I charted a few trendlines to consider keeping an eye on along with a fib retracement. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my...

MillionaireEconomics

Shiba Inu (SHIB) is hovering right below the breakout trendline inside a huge rising broadening wedge pattern. A few other things to note: 1) RSI is ready for the next leg up 2) Volume seems to be declining (getting ready for a move) 3) Bollinger Bands are tightening. See circled example. We could be seeing over a 100% move as shown in the chart back to the...

MillionaireEconomics

I did a deep dive on GRT to figure out if we are in a possible next leg up. GRT was in a symmetrical triangle on this chart but inside that triangle it was in a falling wedge pattern until it broke out recently. GRT is above the ichimoku clouds and over the 21 ema on the daily now. I noted a few resistance areas along with showing a fractal from the prior...

MillionaireEconomics

COTI is in a large ascending triangle pattern and recently touched the bottom trendline. Also RSI just broke out of the trend upwards. We can see a nice moving upwards coming. I noted the resistance areas with the R's. I've been tracking COTI for a while. Check out my other ideas below! What are your thoughts? Comment below, hit the like and follow me. Thank...

MillionaireEconomics

I did an analysis from about 155 days from the start of December on Dogecoin and what the outcome was. The analysis shows 2018, 2019, 2020 and 2021 with an assumption for 2022. The assumption was based on hitting around 100% gain but as you know Doge can go even higher if there is enough market sentiment and a few good Elon tweets :P For the time being Dogecoin...

MillionaireEconomics

Elon Musk is looking to sell a portion of his Tesla stock. So what will the stock look like for the upcoming days - months. I took the prior fractal and matched it with the current market price. TSLA gets back into the channel it has been in since early 2020. Yahoo Finance Article: finance.yahoo.com CNBC Article: www.cnbc.com What are your thoughts?...

MillionaireEconomics

Assuming the market stays bullish for the rest of 2021: Bitcoin BTC on a weekly chart is moving higher week over week, but it is also following a channel since early 2020 where the top is around $73K-$76K range. The fib levels at 1.618 is around $73K. See my related ideas where I show the log chart as well which is around $73K-ish. Let's see if we can really...

MillionaireEconomics

Synthetix SNX is in a large triangle pattern but let's look at the small descending channel for now. It seems that there may be a potential breakout coming up. If SNX breaks the resistance around $13, it may get a chance to move higher. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any...

MillionaireEconomics

From past history, when Ethereum goes into oversold territory RSI at 70+ on the weekly chart, the price seems to show a nice pump. See the chart to understand more. There are a few issues to consider as well: 1) We are potentially forming bearish divergence 2) Almost 6 weeks of upside weekly candles 3) If BTC has a correction, ETH will follow Lastly, I drew a...

MillionaireEconomics

Polygon (MATIC) on a 1D chart seems to have formed a double top pattern recently and making it's way down. I set up a few trend lines with fib levels to keep an eye on. I also put a few horizontal support lines for areas where the price may get support going down. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is...

MillionaireEconomics

Polkadot (DOT) has had an amazing run up to an ATH recently. Now it seems there is retracement going on and a Bearish Divergence in sight on the 1D Chart. I set up a few trend lines to watch out for mixed in with Fib levels. DOT is following a nice channel in an upward direction since launching but it is also touching the top of the channel so keep that in mind....

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COTI 4H Chart shows hidden bullish divergence from my view (see lines for price and RSI). Also there is an ascending triangle formation with a possible breakout target bringing the price to the 1.618 fib. This may be dependent on BTC staying flat or moving up. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is...

MillionaireEconomics

For the SHIB Army and SHIB watchers: Nice support at the S/R area and now on the hourly a higher high formed. RSI seems to be making it's way back up. It was interesting how SHIB's price was almost parabolically going down until the S/R point. If price moves back up, I noted fib extensions. I am still very cautious about Shiba Inu. What are your thoughts?...