Since the inception of futures trading on Bitcoin at CME, BTC has never failed to fill a gap.
Gap theory is so far 100% accurate when back-testing on Bitcoin. This is not based on any fundamental event. Simply based on institutional traders hedging in the futures market.
Price gravitates toward liquidity gaps. It's that simple.
XRP has been tanking, BTC has entered a consolidation range. These are usually good conditions for an extremely fast pump.
Historically XRP and other alts do most of their bullish movement in a matter of 2-3 weeks, then sell off for a very long time. I believe strongly that XRP is very near the end of it's selloff. RSI extremely oversold.
"History doesn't always repeat, but it often rhymes."Ray Dalio often likes to talk about debt cycles.
Specifically, he has referenced that our economic climate can be compared to 1937.
End of long-term debt cycle, interest rates approaching 0.
Recent economic collapse (Great Depression of 1929-1932, Great Recession of 2008)
Widening wealth gap,...
The current bounce in equities has been made on low volume. Many narratives have been provided to explain why the bounce has occurred, like improving trade relations between US and China. The fact remains that we are at the end of a long term debt cycle in an overheated economy. I expect the reaction here to be strong, as bearish sentiment has taken over this market.
SPX weekly chart has given clear signals in the past with regard to overall changes in trend.
- The 2008 recession was signaled by a clear bearish divergence on the weekly.
- The 2009 bottom and reversal into a 9 year bull market was signaled by a strong bullish divergence on the weekly.
- When many thought the market was crashing in late 2015/early 2016, a...
Silver has been in a bear market for 8 years. It will very likely not break through this strong resistance order block on first try. $14.00 level will provide a nice take profit opportunity or long entry.
Since futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact...
Altcoins will bounce. They bounced with BTC in mid-February and in April. They have stayed stagnant during the most recent bounce. I believe this is because there is a larger accumulation effort going on, and this means the bounce will last a little bit longer. New capital has entered the market through BTC, which gained 48% going from $5750 to $8490. None has...
Many altcoins have been bleeding out since January, with very few relief spikes in between. XRP/BTC is a good representation of the broader market in this case. It appears to have had plenty of time to refuel and retrace, and is approaching a support region between 5000-5400 satoshis.
Additionally, Bitcoin's recent run up signals that new capital has entered the...
Classic signs of a market top
- Low volume while making new highs
- Widespread optimism
- Huge selling day to trigger new downtrend
- 2nd consecutive lower high (1st in February, 2nd confirmed recently)
- 2014 break through log resistance inspired confidence in the market, good news (Dell announces support of Bitcoin, Overstock.com)
- 2018 break through log resistance inspires confidence
-Support line at $8400 based on initial correction after the move through the resistance line in 2014
Buy at $8400
Sell at $8970