pursuitofwealthgroup

pursuitofwealthgroup

Check this out folks... Strikingly similar XRP action compared to Bitcoin's all time history index.... I've overlaid Bitcoins movement (blue bars) over the xrp historical chart... By this logic we could expect Alt season for this year looks to begin around NOV/DEC and we could see 5-7$ XRP.... peaking in march/april so maybe this case does go to trial and we see...

pursuitofwealthgroup

SPY breaking to a lower low and losing $360.69 support since the pullback from all time highs. Next support is at $350 psychological and then $325 the previous all time high before the C19 dump. Watch for a bottom to be set around third/fourth week of October as per the dot com fractal perfection. I suspect we will bottom a week or two before US mid term...

pursuitofwealthgroup

BTC.D still respecting the descending triangle. If confirmed over the next few weeks and months we could see bitcoin dominance reach the very low 30s maybe even into the high 20%. Alt coins will explode if BTC.D loses 39% IMO:

pursuitofwealthgroup

Bitcoin is testing the support trend line on the monthly if we hold 34K I believe we could be targeting the 3.618 fib extension again for a lower high and relief rally and possibly higher if we get a spot ETF approved. If we do I believe BTC will hit 80K region. If we don't see ETF approved I expect a lower high on the monthly and possible monthly head and...

pursuitofwealthgroup

HEXO daily bear flag target of $0.40USD has been met using the log scale. I just filled my buy order that I had set at 0.40. We are also daily oversold and SPY hourly RSI is in the low teens. Expecting a big bounce in the broader market after Elon buying Twitter confirmed. Big move incoming for HEXO and MJ in my opinion!

pursuitofwealthgroup

This bubble is beginning to become more and more similar to the dot com Y2K boom and bust... Look when the monthly RSI peaked in the dot come era it peaked in 1996 and we had hidden bearish RSI divergence. It took 4 years for the price to reach a peak meaning price continued to trend up but RSI was trending down. Look at what is happening now... We peaked on...

pursuitofwealthgroup

XRP lost the weekly rounded bottom after closing below 0.80 cents. We knew to be expecting downside if that happened and here we are. There is still hope though as if we zoom out to the monthly time frame you can see we are still holding the rounded bottom there using the wicks. In our previous idea we were using the weekly time frame and real candle bodies....

pursuitofwealthgroup

We have a major weekly support trend line to be watching on Bitcoin. It as held since the pullback to 28K. By this logic we could drop to about $34,700 on bitcoin here during this weekly consolidation. We are still in a weekly uptrend as well just looking for a weekly higher low. No major red flags and definitely a buying opportunity especially with alt coins IMO....

pursuitofwealthgroup

If this plays out and we confirm a monthly downtrend on Bitcoin the targeted move would be down around 20-18K USD. All about support at 33K lose that and we confirm a monthly downtrend.

pursuitofwealthgroup

Will we see the SEC settle with Ripple in April? Here is the rounded bottom update and some price targets on how I could see this playing out. We also have the weekly inverted head and shoulders target of about $1.50. If this plays out we could see new all time highs on XRP into May.

pursuitofwealthgroup

Whoahhh the TLRY volume!! Highest ever on the daily: 220M shares traded so far... This is wild folks... this is what we need to be confident in the bottom being set. massive volume... 172 BILLION dollars traded in Tilray alone and we still have 1.25 hours to go. Remember volume usually precedes price:

pursuitofwealthgroup

Kevin O'Leary made his fortunes off of software. He also states all the time that the money is in the software (Google, Apple, Microsoft, etc.). The biggest thing this reminds me of is Ripple. They are utilizing the digital asset XRP (Oil to Exxon) and they are building software products around XRP to facilitate cross border payments that settle instantly and...

pursuitofwealthgroup

HEXO 4 hour consolidation underway following SPY and broader market. Major resistance to be watching is $0.72 USD which is the high of the previous monthly candle. If we break above that resistance the monthly bounce will be underway the first time since May 2021 (10 months ago). We could also see a cup and handle on watch. Key hourly support is at $0.57USD and...

pursuitofwealthgroup

I am about 90% convinced that the stock market will peak and so will bitcoin between now and APRIL/MAY then we see alt coins go crazy and then we will more than likely see the bear market confirm around AUG of this year in both stocks and crypto. Lots of confluence and technical analysis pointing to this happening using the dot com bubble bursting fractal and...

pursuitofwealthgroup

XRP held the rounded bottom so far on this recent pullback. Wouldn't want to see us lose 0.51 from here as that will invalidate this but we could be seeing some upward momentum soon IMO if this plays out which I believe is the most likely scenario. Wouldn't be surprised if we jump to 1.25$ between now and april/may. If we close a weekly candle above 1.30 that will...

pursuitofwealthgroup

If the dot com boom and bust monthly downtrend has any resemblance to this past bull run from march 2020 this is what we could expect in terms of a monthly downtrend and 5 wave structure keep in mind we havent been in a monthly downtrend on SPY since 2008. Again this is not to be taken as investment advice this is just past data that we can use as a blue print on...