bwy

bwy

ETH made it's way back to the uptrend line on ETH/BTC. Likely a good opportunity to buy ETH.

bwy

I want to share this idea, as it's quite possible. In 2021 it hit me as a sad realization that Bitcoin might not be in an exponential market anymore. I had this idea that perhaps bitcoin was leveling out into a commodity channel. Bitcoin is a commodity after all, so it sort of makes sense it would look more like the channels commodities with long term average...

bwy Updated 

To my surprise Bitcoin beat the downtrend and has formed support on the previous resistance. This is a very good sign that bitcoin is looking for a move higher where the next target is 91k. Highly suggest taking profits at 91k area and watching to see how it looks. Could move higher to 120k (max target for this cycle) or back to current support here at 69k.

bwy Updated 

Bitcoin is likely falling to the last support at $52k. This is healthy for the uptrend to continue as the excessive leverage and over confidence needs to be taken out, before trying for new highs. 52k is likely a good buying zone for an attempt at the newly formed downtrend line back up near where prices are currently (~65k). Good luck!

bwy

Dollar index is rising once again. This puts pressure on assets like Bitcoin and other crypto currencies. Crypto has definitely experienced an influx of new investors and is quite worrying based on the news articles projecting almost guaranteed gains $100K+ going into the Bitcoin halving. Whenever you see people so sure of themselves willing to put their words to...

bwy

Target is the bottom of this channel or this first support line below

bwy

Right now Bitcoin is just back under the downtrend channel. It needs to climb back above the channel to stay bullish. If not then I'm afraid we're headed towards the bottom of the channel likely one last time.

bwy Updated 

Gold is ranging in a megaphone pattern, likely to break upward and continue the bull market it started in 2019. Looking for a pullback to 1825 area then back off to the top of the pattern near 2100.

bwy Updated 

First target just under 30K next 33K (very likely to pull back here). Just make sure this trend line break holds.

bwy

I believe the crash in June 2022 was premature, much like the new ATH in Nov 2021. I think Eth has it's targets set for that $2500 area to complete the gigantic pennant and then to pick a direction up/down from there. Good luck!

bwy Updated 

I've been frustrated trying to figure out what the s&p500 is doing as it won't crash and won't recover. I think it might actually be forming a diamond bottom pattern: thepatternsite.com This is a pretty accurate sign of a bottom. It's likely to fully recover, so if it starts breaking upward don't question it. Good luck!

bwy Updated 

Looks like Bitcoin is up against resistance and could fall back to test the lows near 18K. If this resistance breaks then 30K is the next target.

bwy Updated 

S&P500 tapped its major uptrend supports last week and is holding above them. Great time to go long. It's quite unlikely to go much lower. Targets are around 4500 if/when the first major downtrend breaks (likely given the amount of short positions needing to cover). After that there is one last significant resistance above the last all time high around 4800. If...

bwy

So I completely messed up in the 20Ks thinking it would make it to the downtrend line resistance. Either way support broke and now we're headed to the bottom which has been support in 2018 and for the covid crash. I think 13K is a great bet and if it holds and breaks the downtrend then 45K is a probable target. Good luck!

bwy Updated 

Eth wants is looking toward $3100-$3200 resistance. It will likely go higher after that, but this is a good start, so let's see how it goes and provided it holds the uptrend after it hits this resistance then we can look for higher targets. While a large amount of eth is locked up staking, this makes a really great opportunity to long eth and pop the shorts....

bwy Updated 

All major stock indexes including NASDAQ100 S&P500, NASDAQ Composite, and Russel 2000 are at the bottom of their uptrend channels. They could all break down, but it seems very unlikely as all asset managers are significantly bearish going into support. When we finally rally these guys are going to be force buyers the whole way up. Initial jobless claims are...

bwy Updated 

USD has hit significant resistance. FX is never exact and often overextends, but expect this to be an area that would attract sellers.

bwy

Watch for a breakout from this downward trend. Each drop has brought in less sellers. The overly bearish sentiment and falling momentum would leave me to believe this will break upward. Best to wait for it to break. Good luck!