DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, SPDR SELECT SECTOR FUND - FINANCIAL, GENERAL ELECTRIC COMPANY COMMON STOCK, ISHARES MSCI EMERGING INDEX FUND, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I've been predicting this formation for a while (see related post called "Hold off on Monero. It's a long way down"). Last week we saw a major dip (albeit momentary) that proved to be a sign of things to come. We're now headed in a relatively clean arc downward to touch the support line that's been consistent for the last year. Keep in mind, I LOVE Monero. ...
We have 2 support lines indicating a bull-run shot for ETC. It's had to consolidate support after the immediate jolt it received when Coinbase announced that it would start carrying ETC in the coming months. We all know what happened last time with Bitcoin Cash. People on Coinbase buy whatever Coinbase offers. The question isn't IF this will sustain demand ...
As I said in previous posts, we will not go below 6500 again and we didn't even after last nights test. Going under 6500 would be a massive support-line break. At that point all hell would have broken lose and the bottom would have been some insanely low number losing thousands of dollars in price. The market cap of bitcoin would have sunk perhaps in half and ...
This pennant will be a bit longer than some may have hoped. The more optimistic (assuming, you're holding) support-line did not stand the weight of ETH's losses, and it will continue to go down as BTC continues to stabilize at 7,000.
I will continue to update this, so follow me for the latest on ETH and ETHBTC
LTC found its support line quite nicely today. We may bob up and down a little bit here but after that it should be a smooth rocket ride to a much higher market cap closer to it's buddy Bitcoin.
I'll be updating this Litecoin analysis frequently so follow me for the updates.
I've previously posted about how we will not go below 6500 as that support is long reached. 7000 is the next test and signs are showing that we should hold firm there as well.
Okay originally I was more optimistic about a Monero breakout, given how great the fundamentals are, given the big push of privacy coins this year and the more coverage Monero has been getting. Also, Monero is beyond "privacy" - it's a freaking anonymity coin that routes through TOR! Beat that with your Z-snarks.
Anyway..back on topic. Monero has been having ...
This is where I believe we're at with BTC. Same pattern again and again, and now we're at the point where we should have the biggest continuous drop of it all. As I've said in previous BTC technical analysis posts and I believe even stronger today, we will not go below 6500 and if we do...then that will be the start of a very serious crisis for crypto as we know ...
Follow the Dark blue line. That's the new support line. Got it? Good.
This 'rainbow' of lines represents the possible support lines for $BTCUSD. Support lines (if they hold true) assume that BTC will not go below that price; creating a 'floor'. Any of these could be the support line, but since they are so close to each other and because BTC could shoot up like a ROCKET after hitting its actual support line, it would be too ...
Nano has hit its bottom support line again after after a tiny bounce from it prior. Now is about the time to start filling those bags. I'll continue to update this so follow me for the updates.
$LTCUSD is still too high. I posted on this 2 weeks ago. At first it seemed like we may have broken out of the pennant early but that's quickly come back down. The triangle has corrected. That's a good sign though. It suggests that the bulls are hungry and once support breaks through resistance it's a big moon from there, perhaps comparable to what we saw back in ...
I've been following OmiseGO for a long time. OMG has top fundamentals and has had a steady growth of support for some time now. I made a lot with my last bull-run prediction. This time, not only is it the same pattern, but we've reached the end of the pennant; support is breaking through resistance and we're about to skyrocket to the moon. I do not say this ...
Fundamentals-wise Enigma has been one of my favorite coins out there. It's been picking up steam in the last couple of weeks. Reaching a pennant closure with a breakout imminent it's time to scoop some up. Im feeling a $BTC dip today which will send alts down harder. Keep a close buy on Enigma and place your buy orders for the buy zone in the blue block.
It's all downhill from here until July. Support line will be reached in July, follow the lines.
$xmrbtc Monero always does this. It has a big jump and then a right angle diminishment, and then a slow rise and fall. Then there's a breakout and we move into a new trendline angle, yet the fractal is the same.
Ardor jumped as I said it would in my last Ardor post regarding the cup and handle. The major growth spurt is coming after the current BTC shakeout of overinflated alts. As of now I'm saying May 2nd will be the date, because...why not :-D
Litecoin is finishing out its pennant and were about to hit the downside of one of its last hills. Short it now if you're holding, then buy the dip.