Taking into account inflation using FRED's WM2NS money supply I use the BTC/WM2NS composite.
On the weekly chart trendline and 200D SMA confluence suggests one last flush or that BTC is close to bottoming out.
Top AVWAP - 2021 yearly open
Bottom AVWAP - May 2020 selling climax
Price is currently compressed between both AVWAPs trading in a range. We deviated above the AVWAP and the 2022 yearly open pivot, confluence with the trendline & 200D EMA .
Many are calling for price to move to the $29,800 area but I can instead see price deviate the bottom AVWAP and...
This chart looks great in my opinion and should be a long-term hodl for anyone exposed to crypto.
Major resistance area is a key level to flip, alongside the trendline noted on the far right-hand side.
$XMR has no real competitors, it is fundamentally better than any other privacy coin with the key fact that it is actually used for merchant transactions unlike...
$GNO have been placing large incentives for $GNO holders who stake their tokens with airdrops and other incentives. $GNO are reportedly raising $100m at 1.25b valuation and are potentially carrying out another airdrop for $GNO stakers. Could see some wild price action this year.
Momentum indicators point towards some relief for VYGVF; stock is down almost 80% from recent highs as well.
Bitcoin seemingly bottomed may influence the stock price, but in the long-term the weekly chart looks dire so I could easily see this going lower.
If we are really bullish on this, watch for a wick down to the circled area then straight back up out of the range to retrace. LRC was very strong before the Bitcoin downtrend; looking for similar action whilst Bitcoin crabs.
Trendline and S/R - let's see if it holds
These guys make PEM fuel cells for marine vessels. New IMO regulations are clamping down on maritime vessel emissions therefore we could potentially see a surge in fuel cell and battery use on ships which would be bullish for BLDP
Interesting downtrend break fractal, 50% retrace seems likely
Close eye needs to be kept on Tradfi (esp. with the likelihood of further hike rates)
Major BTC option expiries are dated on-chart; can expect volatility between both noted dates