I had posted in the recent past about the Price of Gold doubling in comparison to Bitcoin, which came to fruition within a month.
A similar scenario appears again in Dash vs. Bitcoin. Should I stay in BTC and wait for the break upwards? Or shall I move into Dash and wait for break downwards to get double the returns in BTC?
Who will win?
Gold needs to break the previous high. This chart has been uniquely made to remove the minor turbulences between Dollar and Gold. As you may notice, gold has been failing to reach previous high. And a triple bottom has formed.
That red line at the bottom also shows that over a long period, gold has reached its significant top and for gold to go for the moon, it...
For a TA analyst, this chart is very self explanatory.
I'm quite scared of the charts today, and quite disappointed with the thought of what near future holds. Its true that ignorance is bliss. And at times, you do wish you were wrong. But all price predictions to date worked like a charm.
Let me say this:
Either bitcoin rises, but dollar rises faster... (Not...
Critical WARNING to ALL:
Dollar has reached its absolute bottom around 88-89.
Dollar will shoot up to a minimum of 99 soon. 10 points is nothing for USD to jump. This will cause absolute pain elsewhere to all other markets, but who cares would be the US attitude.
The problem arises - What after it. And I don't want to answer it here. We have had enough bad time...
DASH has survived being irrelevant. Also, it has had great consolidation in the last few weeks.
If dash remains over the trend line, or at best doesn't reach below 160 USD under any case, expect it to rally to new highs (>3K) within this year.
The BTC to US Market ratio is oversold and the US markets are making a steady comeback to beat the ratios back in its favor.
This is dangerous for the BTC and many Altcoins. Report follows. This report is on the weekly and must be considered valid until Jun end. There may be a short term spike in BTC to notice as the charts do not provide that accuracy to look...
BTC has behaved very well and obediently in obeying the absurd relation to the S&P. Is it locked in? No. But, if you believe in a butterfly causing a storm, you would definitely be believing in this chart. This chart shows that BTC is still locked in to the earlier highs of 2017 and has never beaten it. Until that never happens, keep little hope of Bitcoin...
I'm using the gold standard here for valuing Oil.
As described in chart, the pattern formed is currently that of a H&S, and the ratio is retracing towards the 61.8%
Keeping an entry point there for oil, I suggest a long strategy for oil with everything you got.
Also, what if the retracement ends there... Still time to make money by Shorting oil with all that...
I'm not comfortable with the movement of USD these days, although it still remains a reserve currency.
However, if I had to consider the VIX and relative strength of USD, I had to bring an independent entity-Gold.
Using this chart, one can observe the price of BTC in gold terms. One point to keep in mind is: GOLD IS CONSIDERED THE STANDARD HERE.
In the near...
I'm still reporting from my MBA. Close to finishing it though. So if anyone wants to hire a crazy MBA MIT Sloan grad, ping me!
Now, back to analysis.
Please ignore the recent waves in the BTCUSD chart. I would rather suggest, these are accumulation times. I had written quite a while earlier pointing towards the lowest points and BTCUSD hasnt fallen much...
Well, I've somehow traded myself into college with the minimum funds, and my expectations of help from the public was met with great disappointment. NO donations, I mean; How ungrateful.
However, please do stop panicking and pulling your own pants down! The WORLD is not over yet! Is it a correction? Is it long-term downtrend? PM me please!
It's time to debate....
Is this the time for a breakout or a breakdown.
The upward velocity of Bitcoin and Stable to negative trajectory of Ethereum is in unison to create this form.
For the chartists, is this a time for a breakout?
The answer is truly - EASY!!! Do comment.