MillionaireEconomics

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana ( SOLUSD ). The chart is self-explanatory. With the crypto market going through a correction, Solana may still have downside to go. See where I believe there may be strong support and possible bottom. Included in the chart: Trend line, Support and Resistance...

MillionaireEconomics Updated 

Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Bitcoin price has been in a rising wedge pattern since the end of 2020 around the period...

MillionaireEconomics

Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). A very simple chart showing where the next support region is in case Bitcoin begins a free fall. The $13.5K-$14K region has strong prior support as shown in the chart. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Polygon (MATICUSDT). The chart is self explanatory. I labeled the chart for Support and Resistance areas and lines. To support the analysis, I have included the Volume Profile (VPVR), Keltner Channels, Ichimoku Cloud, Fibonacci Retracement and RSI. I have been calling drops on crypto...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The chart is self explanatory. I circled a few target areas based on dead cat bounces after the recent drop in BTC price. To support the analysis, I have included the VPVR, Keltner Channel, Ichimoku Cloud, Fibonacci Retracement and RSI. I have been calling drops on...

MillionaireEconomics

Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). The Bitcoin price has broken out of the Descending Wedge Pattern. Using Fibonacci Retracement tool, there is a possibility for the price to get close to $25K. The one major concern is the RSI is below a major Support and Resistance line so I am not confident that the...

MillionaireEconomics Updated 

Today you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI). In the chart, I added in the Keltner Channel (KC), RSI and MACD as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and...

MillionaireEconomics Updated 

Today I am charting the S&P 500 (SPX) on a monthly chart over a multi-year period. The chart has various drawings noting support areas on the way down. I have also shown the Great Recession crash with a 56% drop. Assuming the same, the S&P 500 would come down to the 2,100-2,300 range which falls in line with the 0.618-0.65 Golden Pocket Fibonacci Retracement. If...

MillionaireEconomics

Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). The Bitcoin price is still in a a descending wedge pattern since the all time high. Many analysts are saying it broke the wedge upwards but from review of the chart the price is still inside with a strong chance of still breaking down forming a bear flag pattern with...

MillionaireEconomics Updated 

Quick Analysis on 10 Year Treasury Yield on a 1M Linear Chart. 1) The US 10 Year Treasury Yield has been respecting a falling channel for multiple decades going back to the 1980s. 2) It is currently headed to the top trendline of the channel with a possibility to break in the coming months. 3) The measured move of the falling channel would bring it back to...

MillionaireEconomics

Today you can review the technical analysis idea on a 1Y linear scale chart for WTI Crude Oil (USOIL). The chart shows the price has been moving in a descending channel with the current year (2022) looking similar to 2008. Using the Fibonacci Retracement tool, I estimated the price reviewing the next 6 years showing similarities to the price from 2008-2014. It's...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price has been forming a bear flag pattern with the break down around $18.9K. If the price breaks below that range, expect the bear flag target of $4K. This will not be a quick move in my opinion. Also noted in the chart is the Keltner Channel and...

MillionaireEconomics

Today you can review the technical analysis on the 1D linear scale chart for Fantom (FTMUSDT). Fantom price is below the median line in the Keltner Channel which seems to be resistance for a while. I put various Support and Resistance lines on the chart as well as the Ichimoku Cloud which is serving as resistance. RSI, Stochastic RSI, MFI, and Volume are shown in...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis on the Yearly chart for Bitcoin ( BTCUSD ). Many people all around us are predicting that the crypto market will rebound and though I want to be optimistic, I have to be realistic because too many people bought crypto at high prices unlike some of these people on YouTube that bought under $500 so for them...

MillionaireEconomics

Hello friends, today you can review the technical analysis on the 1M (monthly) linear scale chart for Ethereum (ETHUSD). UPDATE FROM AUGUST 2022 CHART! I placed vertical lines for the month of April from 2017-2025 to show up to now and in the future when price may start making major moves. The current structure looks very similar to 2018 and my prediction shows...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ). The chart is self explanatory. I circled a few support areas going downwards. The Keltner Channel and Fibonacci Retracement was used in this chart. I also show the RSI is at the Support line with possibility to break down. Volume does not look good. I have been...

MillionaireEconomics

Today you can review the technical analysis idea on a 1W linear scale chart for Twitter (TWTR). In the excitement of Elon Musk restarting talks about purchasing Twitter, the stock had a very strong rally. However the weekly chart shows a concern for the future of the stock price. The price has been in a Symmetrical Triangle and has the potential to break above or...

MillionaireEconomics

Today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). The Bitcoin price has been forming a bear flag pattern with the break down around $18.3K - $18.5K. If the price breaks below that range, expect the bear flag target of $3.5K - $3.6K. This will not be a quick move as this is a monthly chart. I am more concerned than...