Burstcoin (BURST) is a cryptocurrency based on a proof-of-space (PoS) algorithm, which uses a mining device’s available disk space instead of following other energy-intensive mining methodologies.
It has been consolidating in a falling wedge over the span of 2 years and has just recently broken out to the upside.
The average directional index (ADX) is greater than...
Hedera Hashgraph (HBAR) has been consolidating in a bull flag within a larger trend structure (parallel channel).
It is nearing the lower band of this channel and appears ready for another leg up.
The Stochastic RSI is oversold and has just crossed bullish, and the double exponential MACD is flashing a buy signal.
Given that the falg extends outside of the trend...
Bitcoin is forming the second of two inverse head & shoulders nested in a a rising wedge.
This pattern won't be confirmed until the right shoulder forms.
There are many indicators flashing bearish signals, so it will be interesting to see how this develops.
George Soros' general theory of reflexivity states that investors don't base their decisions on reality, but rather on their perceptions of reality. I will attempt to apply this theory to the Bitcoin asset bubble.
First, assume that Bitcoin is in a positive reflexive feedback loop. There are two components to this: an underlying trend that prevails in reality,...
The US. Dollar Currency Index (DXY) is trading above its 200 day moving average for the first time since March of last year. Last time it pushed above this resistance, it rallied an additional 5.4%. If a similar trend is repeated, it could spell bad news for equities and crypto.
Other things to note are the average directional index (ADX) > 25.00, which means the...
Equities are selling off as interest rates on long-term Treasury bonds continue to climb.
The SPX has broken out of an ascending parallel channel and is now trading near the top of a descending broadening wedge.
If this pattern holds, the SPY could fall below 365 before finding support.
The MACD and Stochastic Oscillator confirm this bearish trend:
- Weak bearish...
Looking for an entry into Hedera Hashgraph's HBAR token? Now looks like the right time.
Before investing, I highly advise researching this project. Personally, I see huge potential in their distributed ledger technology.
The ETH/BTC pair has been consolidating in a falling wedge through the month of Feburary and is well-positioned to break out to the upside.
The price is nearing the VPI point of control and 0.5 Fibonacci retracement level, so we can expect some volatility if a break out does occur.
Furthermore, the Stochastic oscillator is oversold (now trending up) and there is a...
The Know Sure Thing (KST) is a momentum oscillator calculated by taking the simple moving average (SMA) or four different rate-of-change (ROC) periods, adding them together to come up with the KST, and creating a signal line by taking the 9-period SMA of the KST. Like the MACD, it is bullish when the KST crosses above the signal line.
As shown, the monthly KST is...
The UNI/BTC pair has recently cleared a buy point, as it has broken out of an extended bull flag on higher-than-average volume.
Confirmation of this trend reversal is provided by an approaching MACD cross.
The price is also trading above the Ichimoku cloud, indicating that it is safe to take a long position.
The SPY has been trading in an upward parallel channel since November - briefly dipping below during the selloff last week before sharply recovering.
I believe the market is due for a more extended correction for several reasons:
- The MACD and RSI are both displaying negative divergences, which is a bearish signal.
- Furthermore, the On-Balance Volume (OBV) is...
TMUS has been trading in incrementally higher ranges and breaking out to new highs on earnings these last couple quarters.
I believe this will likely happen again given that TMUS has a trailing four-quarter positive earnings surprise of 152.9% on average and will likely be bolstered by their 5G deployments and customer additions.
In terms of valuation, the P/E and...
This is my attempt at applying Wyckoff's methodology to the BTC/USD price chart.
Wyckoff posits that, although price movement may appear random, it actually follows a repeating cycle that can be divided into four distinct phases: accumulation, mark-up, distribution, and decline.
Based on historical data, it appears as though BTC is in the early-to-mid mark-up...
The US Dollar Currency Index (DXY) is trading near the bottom of a falling wedge.
A breakout to the upside is probable given that:
- Bottom of wedge coincides with a major price structure (horizontal support / resistance).
- Bullish divergence on MACD and RSI.
If a breakout does occur, expect a downturn in the stock market (DXY is inversely proportional to the SPX).