Going to 0 and beyond. One of the few charts that can go in the negative. Lower highs and lower lows for 30 years. Once the market catches wind of lower interest rates it can't get enough. It's a race to the bottom for all developed world interest rates. To full investment and then what happens? The real problem is the velocity of money keeps dropping with every...
I find Tezos to be one of the most bullish coins out there in the digital realm. The fundamentals are strong, the technicals are strong and Tezos is very close to a breakout. Tezos needs to settle above $1.40 and then it can push to $1.80. 1.80 has been a level of strong resistance and if Tezos can close above 1.80 then I thin kit will go to $3.20. Further areas...
People should begin to take notice of the price of Bitcoin in Chinese Yuan. This chart looks a bit more bullish than priced in USD. I am looking for the price to break upwards starting around Sept 19th. It will probably grind its way up to 13,000 (USD) by end of Oct, come back to retest support, and blast through 13,800 (USD) by early-mid Dec. I am looking for...
Litecoin is probably going down to test 39.60-45.50 region. May ultimately land in 32-33 range but would have to get through big support. Double bottom ran into a double top well before even the first fir retracement level of entire move from Dec 17 to Dec 18. Clearly big resistance at $100 where it recently failed. This was the first major low set in Feb...
Junk, scam crypto's going to zero. XRP too. This coin is possibly the worst of all. SOLD.
$BTC sell then buy and hold. Probably going to at least $9000 this year, possible up to 13,300. If not this year then early next year to 13,300. 2020 high of around $30,000 fueled by Fed policy.
Decision day is coming up for crypto total marketcap. I am predicting a break to the upside then a retest of the trendline before a full blown bull market ensues. Looking for a rally into mid to late April then a decline to mid May-June followed by a breakout sometime in Aug-Oct. Resistance to the upside: 148, 245, and 415. Support found at 110-100. I don't...
DXY looking bearish especially following recent change in FED tone and language. Expect rates to move into the negative next time FED starts to cut. This would be very bearish for the dollar as it would encourage maximum investment across all asset classes. Anyone holding dollars in the bank would be left having to pay exorbitant charges. If past trends persist,...
Very similar market structures at this point with 2015. I think the market trades between 4500-3200 for the next 8 months and then starts rallying hard. To me it is looking like the low for BTC is in or very close. I still don't think the market drops much below 3000 if it does end up breaking that level. Fundamentally the market has been holding steady even...
Trying to break the long term resistance line. Let's see if it can hold.
Bitcoin 3 day chart still firmly in oversold territory. I could see this rally lasting until rsi reaches near 40 level before faltering and retesting the lows or making new lows. This would take bitcoin to somewhere between 5800-7000 in my estimation.
Bitcoin bouncing 20% off the daily low, closing in the green while all major crypto markets follow suit. This is the type of day I have been looking for for a bottom. Fibonacci levels look great from high around 19891 to low today of 3456. I would bee looking for a bounce up to 5500-6800 region then a retest of the lows. Bitcoin holding the 179 week moving average...
I am watching Bitcoin RSI levels closely today to see if it can close above the downward trendline. An RSI close above the downward trendline after touching the 30 level has set off the past two rallies. I am looking for bitcoin to rally towards the close today and probably take out the 6922 area setting up a retrace to the 7480-7630 level. From there I will be...
Silver markets have been in consolidation mode for over four years and that looks like it is about to end. The silver market has been consolidating at the 78% retracement mark from the October 2008 low of $8.4 to the April 2011 high of $49.82. The market has been toeing the 200 month moving average for support and the 50 month moving average as resistance. The...
Checking the four hour chart on Bitfinex for Bitcoin, the market looks very oversold. Early this morning May 12th, eastern time zone in United States, BTC broke below 20 on the RSI four hour chart. This is only the third time in the past year this has happened. The first time RSI was below 20 was 9/14. The market proceeded to drop another 7% in the following...
Prepare for liftoff on this one. Digibyte has broken or is in the process of breaking an almost four year down trend line. It depends what time frame you view the chart to tell if the trend line has broken. I am using a weekly in this chart but on the daily it looks to be breaking the downtrend today. I expect a retrace up to 0.00002 BTC at least. The time frame...