Historic bounce zone for bitcoin, off the 233 EMA. See my previous analysis to justify why Bitcoin COULD bounce UP from this range.
Reasonable Target #1 would be approx. $74k
Weekly Oversold 233 EMA Bounce
.618% Retrace into Recovery Target from Bearish Breakdown in 2022 ...
OANDA:SPX500USD Looking for a 38% retrace level before the S&P has a true probability of bouncing back up to a significant level. Expecting rate hikes to "break" something, causing the FED to pivot and revert back to QE again, keeping the ponzi scheme alive a while longer until CBDC's are introduced and deemed mandatory.
Note: Not trading or investment...
INDEX:BTCUSD Bitcoin has a high success rate of bounce potential on the weekly timeframe when RSI diverges from price. Typically, this happens WHEN there's one last capitulation wick to the downside and RSI continues to climb out from oversold and make higher lows. Here's a perfect example going back to December 2019 ~...
Cronies in charge: "I've got an idea, we can just change the definition of a recession, right? RIGHT??
Let's see if the 2008 fractal will play out all over again.
NASDAQ:MULN This California-based EV maker has some BIG news in the pipeline and is a "must watch" from the award winning EV maker since 2009.
"Founded in 2009, the award winning company’s all-electric sedan came with a range of 88 mi (142 km), the longest among its class at the time. At one point, Mullen (formerly CODA) was one of the only two...
WHAT: As you can see, Bitcoin broke down from the falling wedge pattern as the equities selloff continued to accelerate. What is CLEAR is that Bitcoin and the S&P 500 are coupled together in large movements. MEANING, risk ON/OFF are the same with both assets. Will that change?? Only time will tell, but for now consider movements will be...
As BTC continues to decline in price, let's look at potential recovery points based on knowns.
* Clear H&S painting on the chart.
* Bitcoin likes .618 reversals.
* Channel bottom, tops and median price reversals
Based on the above knowns, let's calculate some potential reversal targets.
- Target #1 ($28k)
Provided there's a neckline break and follow...
Bitcoin Price is hovering around yearly resistance and the previous top, following the "dump" fiasco on BinanceUS. Let's see if price action creates and ascending triangle to move upwards over the next few days and or weeks.
One word: Sanctions. Bitcoin is a global store of value and payment system that preserves ones ability to transact regardless of race, politics, or religion.
There's an overwhelming bullish fundamental case brewing for BTC, given the increased level of financial censorship practices taking place by governing bodies. In example, Canadian...
Speculative idea based upon technicals, rising inflation, low refinery production, and world political agenda to curb dependence on oil and force climate change adherence to green new deal.
NOTE: Not trading advice. Entertainment only. ;)