We never quite made it to the 1.5x target from our double top back in Jan 2021. That's not to say it's still possible we see it and even reach the 2X target making new ATLs. However, I can see the possibility of a weaker low made near the top of the green support area, and that occurs and we turn back up from there, dominance may for a triple bottom (or an...
This idea is just for fun, so what if... -- we do reach or almost reach 100k, but not until after the next halving --we stop there, quickly head back down to around where we are now (24k) -- and then right back to at or near 100k again -- double-top then an extended downtrend until 2028 halving (we don't actually have a date for this yet, just speculating) ...
Weekly chart here shows a possible double bottom on Harvest Finance's BTC pairing. It's good that we've already gotten above the 50/200 daily EMAs, but we've yet to see a golden cross. That's what I'm waiting to see here before confidently suggesting we might be in a double bottom reversal, and then obviously confirmation by breaking above previous weekly...
Housing market's median home value (for new homes) peaked 2 months ago at $457k. Total growth leading up to that point over the last 59 years, since 1963, was $439.3k. The last two years accounts for a significant portion of all growth, while the last two growth periods displayed more growth than all of which occurred during the 44 year period between 1963...
This is the Coinbase daily chart, which doesn't show FARM's (Harvest Finance) full history on the market, but if we look at the charts that do, they also show a falling wedge breakout here. FARM has consistently fallen since launching on Coinbase, but has now formed a falling wedge, broken above it, and had at least one successful re-test (thus far on the...
Bitcoin dominance is either about to succeed in its re-test at the top of the wedge it broke above and maintain its golden cross, or it will confirm the death cross on the 50/200 EMA that it is flirting around with now.
Quick post - Falling wedge breakout on 3 day chart here, regardless of how you draw the trendline for the top of the wedge. OBV rising substantially faster than it has throughout this stock's history. Weekly 50/200 EMAs show a golden cross. 1.5x target approaches previous ATH, wouldn't take much extra for us to see ATH again or even a new ATH.
First, let me preface this with the fact that I'm typically bullish on Bitcoin, but with all of the recent rhetoric surrounding recession (and just as a general rule of thumb) we do have to consider alternative views. This is me taking a different look at Bitcoin through that lens: So - When Bitcoin began its epic rise in 2016-17, around 2017 we saw DXY top out...
3M chart here, DXY is a giant falling wedge break-out, re-tested twice and moved up. Measured 1x target takes us pretty much exactly back to where our highest 3M wick stopped. 1.5x or 2x targets would mean new ATH. Stop a 1x = double top, and a brief period of insane strength for US dollar vs the rest of the world, just before it loses more value than ever. ...
Quick post -- Log chart looks like a giant wedge that we're at the bottom of, RSI and MACD bottomed out as well. Last time we hit these lows on weekly indicators we moved towards the top of the wedge. Might be nearing time to see LTC make some fireworks. Conversely, if we drop below the wedge bottom here, scratch this idea.
Looks like an expanded flat, wants to stop just at or below the top of support of the area where we broke above our 2018 ATH. So, mid-term short and a stop @ ~660-720 million MC, then long around that area and look for a re-test of ATH and potential new ATH. Could've stopped closer to the area where we are now, but already fell below the fib level and seems to...
HBAR dropped a bit lower than the typical expanded flat target @ 1.618 of its trend-based fib (which is around 9 cents as shown, and where I initially drew the green arrowed line for our reversal). Instead, we fell a bit lower to strong support at the area of the green box around 5-6 cents, but also held the daily and weekly trends. Weekly was nearly lost but...
Ethereum may be nearing the end of a running flat correction, and ready to resume its bull run. It has stopped at the 100% level of its trend-based fib, with a higher low than its previous two lows. NOTE - If this was an expanding flat, Ethereum wouldn't begin its reversal until hitting at or even below $100. While this is possible, I think the running flat...
HBAR may be in an expanding flat correction now, if that's the case & we drop below the bright green box - expect the drop to continue short-term, and then stop around the 1.618 level of our trend-based fib. That would give us an area around 9.5-10 cents for considering new longs. Pre-req: Bitcoin not dropping below it's previous lows last summer and completing...
I'm bullish on HBAR long-term, most of my charts for it are also bullish. But, I also like to check myself, and this is an alternate idea where we drop before we pop. If HBAR fails to get and stay back above 710-740 sats from here, or loses the area around 531-567 sats prior to reaching ATHs again, then I imagine we might drop and make a final test at the bottom...
Quick publish here. High-risk low-cap DeFi token FARM (Harvest Finance) has been in a giant triangle for quite some time now and is approaching the end of it. Originally on Poloniex and UNISWAP, but after getting listed on major exchanges, all of the volume has moved to Binance and Coinbase. But Poloniex and UNISWAP show the full history for this project. A...
HBAR / BTC pair is revisiting the area of strong support at the bottom of its right-angled ascending wedge on its weekly chart. We arrived where we are now following a double bottom prior to the initial move up, so keep that in mind when considering targets. Long-term targets from that double-bottom are still in play, the first would be near the top of the wedge...
Since 1997 the Ruble has been in free fall (see chart on left, 3 month line chart showing drop since 1997 through today). Anyone talking about the pre-war recovery needs to zoom out and look at the bigger picture. Two days ago, inflation was at 9%, it has nearly doubled in that time, skyrocketing to 16.7% (chart on right, shows inflation since near the start...