Slow burn up to 31500
Expecting a major break down over/after Christmass if it fails the retest of the 200 Weekly MA.
QE might save it but inflation expected to spiral up with current low rates in place.
(Not sure how this got posted to GBPUSD the other day so repost.)
Expecting to see a limited recovery over November before a tough 2023 across both equity and crypto markets. Bitcoin initial target $23,600/200 Weekly MA - stretch towards $26k
I'm seeing this as a reaction rally in the equirty markets following the break of support last week. Targeting major...
Markets rallys have generally failed to reach thier potential recently and expecting the same here but interested to watch how rising rates and QE work together.
Expecting to see a limited recovery over November before a tough 2023 across both equity and crypto markets. Bitcoin initial target $23,600
B, Hard Forky
Bitcoin hit $21k target but rally has not materialised resulting in minor gains. looks like we will shift to secondary low target just above 19k / weekly support at the beginning of the new week.
- Weaker Alts at risk of losing support
- highly confident of Good BTC long opportunity with sharp move up to new local high / under 50 WMA.
I published this privately a while ago - I think it might be fitting to republish with the current macro ecomnomic and political situation as we have reached the forecasted BIG DROP. Maybe we will see $13k BTC afterall.
Why are people still obsessed with 1929? Whether they are right or wrong that Bearish Divergence doesn't look good!
While you can...
Long time period and unpredictable price action but expected formation over the coming year.
Key is I think bottom is in - retrace to legacy breakout levels of 0.013: data not available on exchange.
A little experiment as I'm keen to make the next the sell target on ETH more challenging.
Purley based on RSI my estimate is $2500.
- RSI target coincides with the retest of ascending resistance back end of March 2022 - Circled in Orange/tip of Bear Flag. Matching this level would not result in a similar price range but rather price at the resulting horizontal...
4 yr old strucutre chart on ZIL. Local timeframe not looking great for longs.
Price sitting on weakening suport and floating mid-range in this downward channel.
It might have a chance at $45 which would present a reasonable short opportunity with a decline bottom target of 0.16 however ZILBTC looks like we might see a dip sooner rather than later.
Market moving to flush out weak hands.
$21k is probably the low here. $19k now unlikley.
Big Long weekly candel expected. Target Price is $30k. This eye-watering candel should drive the headlines to interest late retail buyers.
Best, Hard Forky
Mid-term bullish. short-term bearish.
Target 20% retrace- $19,800. Looking for big candle days while on holidays. Retest of weekly support would be nice but BTC volitility not what it once was.
- Forecasting of the DXY has improved vasly in the last 8 months - target was $106, met within 2%.
- Despite the rips, I'm expecting the $100+ to continue to be an area the market returns to in the coming months.
Original Channel outline from Sept 2021
Well, that is the end of my first equity market short with price moving 17% (within the trade) - not bad for my first try. I'm sure that is pretty much unheard of and only possible in these turbulent times.
Perhaps not the end and 3,300 is still viable but target was always March 2021 price range.
Best, Hard Forky.
Assuming we break up above $22k I'm expecting a good trading period before a move up mid August. Essentialy an extended Wyckoff Phase D accumulation period.
- Shorts from $27,000 region
- Longs off support at $21,700
Pusheds the macro swing top to September. Markets move too slow now.
Expecting a rejection at resistance today - following a small wick incursion to 3,854 to 3,700. This will support buying initiatives / accumulation over the weekend.
A break of resistance on Monday