As BTC and the rest of the overall market bleeds red, there are a select few gems out there signalling the brutal alt bear market may be in the accumulation phase, one potential is RCN. Yes it is too late to call the bottom of the alt coin market, however, it is obvious that there are investors out there using this opportunity to accumulate. Perhaps the biggest...
Using the Crypto market cap (excluding BTC) we can gain an insight into the altcoin's potential trajectory. After the explosion in 2017 it was apparent that a harsh and brutal correction was inevitable, it may appear that the worst may be over. As you can see the altcoin market has retraced the typical 90% from bubble swing low to swing high, in fact the Nasdaq...
Litecoin has been beaten down for the last 3 months, from a high of over $140 USD to a current price of just shy of $55 USD. The question is where to from here? The current near-term low of $50 USD will be a crucial, line in the sand for the altcoin moving forward. After quite a violent prior week down, it is unclear whether or not this is the capitulation...
Trade Overview Profit Target = 50% fib retrace (around $142) Exit signal = Close trade if price closes above $155 Rationale: - VMW in triangle consolidation pattern (possible continuation pattern) - Price resistance at $155 (hence using a close above this point as the exit signal) - Failure to breakout of 1 ATR channel - Moving averages clearly indicating a...
SP-500/ Gold - #ValueCycle Analysis *Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500 *I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below) Macro Analysis: Lower Chart - After the lunacy of the tech wreck in the late 90's...
$1,000 to $21,000 or 61 oz of silver to over 1200 oz of silver Yes... you read that right... I was genuinely unsure about whether or not to bring this information to more people's attention, many people are unaware of the power of this very simple model and mindset switch. Simply put, if you price everything in dollars, you will end up with more or less...
Bitcoin has enjoyed quite the dramatic fall of late, all the way down back into the $8,000 range, the question on everybody's mind however, will Bitcoin continue to fall??? I would say that it is quite likely, although we are currently holding key moving average level, namely the weekly 55 ema , we have seen some technical damage done, particularly in Fib...
With TLT at nosebleed heights the question obviously becomes, is it time to switch into equities yet? As you can see TLT (red line) reaches fever pitch levels almost always at excellent entry points into equities, going back all the way to the GFC this has held true. TLT for what it's worth is also extremely extended, driven to these heights on trade fears,...
Silver has a clear cup and handle formation present (and looking to be resolving) on the monthly chart. Given the price action in silver recently (check out my earlier analysis which predicted this most recent surge as well as the move up in gold in July) it is worth looking at the longer-term trajectory for silver to determine whether we should be selling,...
The current Gold/ Silver ratio is settled at around 88.5 (at press time) this represents a historical outlier and a fantastic opportunity to leverage the movement of silver to great effect. As you can see the ratio is in a rising wedge, with it set to resolve in the not too distant future, these patterns tend to run quite long before resolving, usually into the...
As my last forecast has shown, gold has had quite a lovely run up in light of the rate cut delivered from Jay Powell Gold soared towards $1,600/ ounce and stopped just shy at $1,570/ ounce. With the September FOMC decision looming the question is what the yellow metal will do next? A rate cut is all but certain, with a 25bp cut baked in at this point, a 50bp cut...
There appears to be a potential H + S pattern forming on the daily chart of Bitcoin, whilst it is too early to action any trades based upon this analysis, it is worth noting. A sustained move above $12,000 USD would support this pattern resolving to the upside, the measures move of this H + S pattern would suggest a potential upside target of $15,000 USD. My...
TL;DR: Would like to hold above daily 9 ema or risk a fall to $10,900, break above $12,000 would leave very little resistance between here and $14,000 USD Monthly: Bullish trend still continuing after bullish moving average cross over. Weekly: Price continuing to struggle at the 50% fib retracement after recovering from the 38.2% level. Daily: Struggling to...
Updated with more information with respect to gains, losses and time periods for these cycles.
Bitcoin has been beaten up lately, so in order to lift people's spirits and give them the much needed macro view that helps HODLERS sleep at night i have done a broad macro analysis on Bitcoin. $100,000 by Feb 2021... Yep you read that right The long-term trend is pointing to a major sustained rally, into 2021 (coincidentally the magic 6 months after the 2020...
At the moment the key chart (IMO) to watch on Bitcoin is the weekly chart at press time. We are currently just below the weekly 9 ema, if we close below, this could very well signal a fall lower is on the cards. As i have noted several times, during the 2017 bull run, Bitcoin regularly fell to the weekly 9 ema and then bounced higher, however, when Bitcoin...
Quick near-term price update for Bitcoin, for my more comprehensive analysis please check out the other entries I have for Bitcoin Bitcoin is yet to keep it's head above either the 20 daily ma or even the 9 daily ema. This does not bode well near-term for the price direction of Bitcoin, the current saving grace is that we have relatively low volume, the flip...
Bitcoin has had a nice bounce from the recent lows at around $9,000 USD, which i forecast as a possibility earlier based on the weekly chart, namely the doji candle. The question is, where to now? As with any good forecast, there are always two scenarios that could play out, i will lay out both the bullish and bearish scenarios Bullish Scenario: $9,100 USD ...