I don`t have to say anything here. It`s basic TA. Just a matter of time for the trend to be tested ( and probably broken ). USD is loosing value anyway so no surprise. Expect Major Global events in the next few Years.
The price is moving within the ascending widening channel. Four attempts to break through the lower boundary. Price has consolidated above the support level. I expect a test of the upper boundary of the channel from the current price.
0.61 5-i=99.18 0.78 5-i=108.4 butterfly harmonic pattern: X=68.29 3-4=0.78 X-3 4-5=0.88 3-4 0.61 5-i=99.18 0.78 5-i=108.4 0.78 4-5=85.85 0.88 4-5=82.23 0.78 X-3=78.34 0.88 X-3=73.47 1.6 4-5=60 1.27 X-3=57.35 1.6 X-3=2.24 4-5=45.9
According to the macro indexes during last months, FED increase interest rate and profit of ten years bond yield. so it's obvious that the inflation still a big problem for US and world economy. next week more inflation indexes would be published and declare that high risk market enter a winter or fiat shows a little weakness. technically DXY is in a trading...
We broke down from the bearish, rising wedge, just to bounce where everybody and their grandmother thought it was a good place to get long and short gold. Now, we see a rejection (perfect back test) of that large rising wedge.
Welp, I'm calling it. I believe the next leg of this market sell off is coming. I'm sure all of you saw the Asset Bubble Chart.. I just can't believe we will be a part of something like this. I believe the short term bear market rally has about come to its end and we are heading towards another sell off. There is absolutely no news that can prop up markets at...
At the moment the USD is significantly overbought and could roll over at any moment. For now however what is more likely is a simple pullback and then continuation higher. As the Fed is determined to raise rates and inflation seems to be pretty high, the USD could appreciate even more and the US is very dominant. Maybe a stock market correction or a change in...
GBPUSD Swing Trade idea A break of this formation, bulls could gain control shorter term. Disclaimer: NOT FINANCIAL ADVICE!
El Salvador president says fiat days are over soon with high crypto adoption. Mocks countries that insult El Salvador over Bitcoin adoption as legal tender. The President of El Salvador has said that the mass adoption of cryptocurrency currently experience means game over for Fiat. He said this in a post on his verified Twitter page, asserting that it is game...
DJI, Bitcoin, XAU etc included fiat money flow. You can track money flow in larger area.
Since the un-peg of the USD from gold 50 years again with Nixon's need to fund a failing foreign war, the world governments have placed with world monetary policies. Putting some nations in good positions and others on bad positions. Asset owners worldwide want a fair valuation system to allow fair trade. That's missing with all the monetary gaming going on...
The Cryptocurrency marketcap 🐻 in the coming weeks will see an extreme bearish divergence on the monthly TF CRYPTOCAP:TOTAL BINANCE:BTCUSDT BITSTAMP:BTCUSD OTC:BCHG CRYPTOCAP:ETH CRYPTOCAP:DOGE KRAKEN:ETHUSD KRAKEN:ETHCAD COINBASE:ETHEUR CAPITALCOM:CIX FTX:ALTPERP FTX:DEFIPERP FTX:SHITPERP CRYPTOCAP:ADA CRYPTOCAP:XRP FTX:PRIVPERP NASDAQ:NCI
I need some help from the community for a sanity on these charts. The OBV, on balance volume, is 100% long term bull on Bitcoin. HODLers are proven right, over and over again. Buy it, stick it in cold storage and ignore it. It's insurance against blatant fraud where they cook the books at the highest levels. So assuming these trends lines are sane, if the bull...
SHIBArmy, permission to take a break at 4200? Sir! Well, nice run pushing the front to the 4200 mark all. We still have a long way and a HARD BURN to get to the penny. For SHIB newbies, that's SHIB at 0.01 cents USD. That penny is heading straight down as our SHIBArmy World Legion votes with our debasing FIAT. Trade your pennies, pesos, Liras, pounds and...
Was a but premature on the $70K target. But we have a solid launch pad here at the $60K that should propel us, fueled by our well funded friends, to $69,420 which is now targeted for October 31st 2021 for some odd reason. Limited supply of 21, only over 18M minted, Getting harder and harder to mint. Can heat up whole cities with the mining equipment! Limited...
So, the charts indicates on the short term timeframes ETH, is running a little hot. There's a lot of buyer interest? Humm. Could it be because you need to buy and stalk to burn 32 ETH for every payment validator? So like Joe and Jane could setup up shop in their little community and become the payment processor for just a bit of hardware, knowledge and 32 ETH???...
In my previous Analysis in ETH I stated that Bitcoin needs to break the 42,000 level and hold, in order to see some gains in Btc and Alt space. We saw just that. BTC broke 42,000 saw a re-test supported by the Moving Averaged seen on the graph. Shortly after it has risen to 46,000 at the time of this post. We also saw good runs in Altcoins such as ETH ADA LTC VET...
It's all just charts. Here's a chart from 2013. A chart is worth a hundred million satoshi. Imagine the worth of a chart if there was only ever less than 21 million ever possible? ;-) This tells us we could see Bitcoin jump from the same "low" $130 to over $1100 in three months? That's over 8.5X ? Put in $12K and get a New Years' 2022 Gift of over $100K? So at...