we should hit somewhere in that box for BTC this cycle
on the low end May 2021 around $80k, and on the high end $500k in Nov/Dec 2021
hitting the red trendline would be somewhere around 220-300k
it matches a lot of predictions and expectations from people both in time and price
Not Financial Advice!
We're getting towards the end of August, and like I've shared before September and October are risk months for a crash in the stock markets.
Additionally, I also shared the last 3 election years 08,12,16 where the S&P declined from now until november every time.
Of course this time could be different, but there is a good chance of stock markets selling off
3 Guesses to the BTC price action over the coming months.
Purple - Leaning towards this one with a continuation now to 14k, double top, and then maybe dump back down to retest the breakout wedge. This depends a lot on the stock markets if they selloff in september/october or not. If they do then I think this scenario may make sense. Selloff along with the stock...
LEND/USD... looks bullish to me
possibly falling wedge, and previous high held as support for the correction so far
breakout to the upside could take it quite a bit higher...
This is NOT financial advice.
Looking at the chart there's a huge positive RSI divergence on the daily.
FUN seems to have been making steady progress, has a multi-year track record and working product.
If the project doesn't die, it's ridiculously cheap atm. 100x to ATH pretty much.
THIS IS NOT FINANCIAL ADVICE
I see a positive RSI divergence on oil daily chart, plus prices are lowest since 2002...
I think there's a good chance it can bounce hard, possible to see a 100% gain in a short period of time in the coming weeks?
Could still have a spike lower or capitulation down, but if that happens likely to be very short term IMO...
This is NOT FINANCIAL ADVICE of any sort!
Price of SP500 hasn't been under 50MA (blue) on monthly since 2011. Last time it dropped below it was in the 08 crash, and continued to drop to the 200MA (red). So keep an eye on the 50MA on monthly currently around 2600 or so. If it goes below there there's a good chance it continues to drop to 200MA which could be around the 1700-1500 level.
Not Financial Advice
Silver on the weekly looks really bullish.
Price above 50 and 200 MA on weekly
Almost about to get golden cross on weekly
Consolidation for many years
Hasn't rallied as much as gold has recently
My target is $25 (and more) in 2020.
Not financial Advice