"The Bank of England has hiked interest rates to 5 per cent in a further blow to homeowners struggling with spiralling mortgage costs. The rise, up from 4.5 per cent, is the sharpest increase since February – surprising economists who had been expecting a smaller increase of 0.25 percentage points – and sends interest rates to their highest level in 15...
Bitcoin breaking out of its downtrend following a elliot wave down. I believe we have just seen the LPS (last point of support) this is where we see BUEC price dips then rally's (back up to the edge of the creek) still waiting on todays candle for confirmation. once we get back into the creek i would expect the price to finally break out of this range heading too...
BTC.DOMINANCE - just broke out of its 773 day trading range. great sign of strength for BITCOIN. expecting this to continue with the weakness in the DXY. once this transfer's over to eth we should see an alt season of somesort. alt coins that have been suppressed through out the bull run, I would expect to see the best ROI Exciting times ahead!
BITCOIN Dominance chart currently been ranging within this zone for 773 Days. looking like it will finally break out of this zone! Blackrock rumours of a BITCOIN ETF causing strength in BTC! Im sure if this gets passed we would see a Bullish rally in BTC. Fed's paused + combined with Blackrock ETF Rumours!! could be the catalyst for another move higher!.
Market sentiment has changed with the fed pausing interest rate's. possible we see this bullish move, but this doesn't mean Bull market. zooming out you can see, this will break ATH and possible to complete an old wycoff accumulation extension. My thoughts.. we may get the break out from all time high with the fed easing, but this is likely to be a bull trap! Im...
Following up from the XRP price prediction. $26!!! This is the same log chart on a weekly timeframe back testing the Wedge plus Fib EMA's. usually when these EMA's cross, its a bullish indication for XRP. Looking back through XRP's short history, this has been a signal for large moves to the upside! getting closer each day to summary judgement, with the likely...
Update on XRP - bearish move after the FOMC paused rate hikes. personally i think this is just a shakeout and will be the LPS ( last point of support before a bullish breakout ) Waiting on a bottoming stucture my best guess would be this A,B,C correction then a strong reversal to the upside!
FOMC paused rates, and created a bearish move! anticipated a pull back from this level, I was leaning towards another rate hike just to cause this potential shakeout. bullish on BTC once we find a bottom.
NASDAQ - reaching the 0.702 retracement level. currently just breaking this resistance level, anticipating a pause from the fed. 94% expecting a pause, which I find concerning considering the fed has been adamant on 2% inflation. I believe investor are aware this target isn't logical without further banking contagion - which will be inevitable going forward. If...
Updated altcoin.dominance chart. Exponetial uptrend for altcoins! This chart is indicating by July, we should see a alt season of Somesort based off previous performance. this is going off monthly candle's but i would expect some kind of recovery before then, as it seems we have reached a potential bottoming point! exciting times for altcoins, a long awaited...
XRP - Pumping and dumping, as it seems xrp price falling back within the 0.702 retracement here we could see a a,b,c. correction. nothing major bullish found through out the Hinman emails yet. CPI came in better than expected still waiting on the FOMC rate hike + PPI Data. volatility is likely, would expect the A,B,C correction if the current 0.702 resistance holds.
Pull back was expected, healthy for the next run up! - binance fud coming in just on time. once a local bottom is in, we will soon be heading to 32-34k. CPI coming june 13th followed by the FOMC meeting, expecting cpi results to be better than expected. this should be bullish for asset's and increase's the chance's of the fed pausing interest rates. we should see...
2017 - similarities shaping up with 2023. history often repeats itself! as we look back at the XRP breakout's, we can see explosive moves. 7000+% followed by a 1300+% move! here we see similar break out structure, down trend - wedge forming - to break out! I've taken a date reading of a similar high to breakout, this indicated we would see the rally in July,...
inverse relationship between GBP and US Dollar. expecting strength in the pound, off the weakness in the US Dollar. we may see a pause in rate's that would strengthen this theory. inflation will creep up and the fed will continue to raise rate's after a pause, fed now system is going to be launching soon. this will create demand for the US dollar once again. may...
Here show similarities of 2007, before the 2008 financial collapse! both show reaching their peak, pulling back then heading towards retracement level's. 2007 couldn't hold the 0.702 retracement, bond price reversed and took out the low's. 23/05/23. today we are heading for the same scenario! will be waiting to see if we can break and hold the 0.702, if not then...
Broke the current support invalidating a,b,c + bull flag scenario. confirming eliot wave down 1,2,3,4,5. still room to spike a little lower indicated with the buy box. im expecting a strong recovery once the bottom sets.
Cup and handle patterns, weakness in stock's will transfer too gold! gold priced in GBP has been out performing USD. this is mainly due to the dollar being a reserve currency. the dollar has maintained its strength using other countries as collateral. higher devaluation in GBP we will see a higher increase in GOLD. only have too look at gold/lira as a prime...