ETHUSD is below $1700, and prices appear to be breaking down from a running consolidation (similar to May). Continued weakness below $1400 could trigger a washout towards $1000. Prices would have to close above $1700 to consider a bullish reversal.
Ethereum is danger close to critical support at $1700.
Prices need to get back above $2000 to reduce the potential for an immediate bearish breakdown.
Ethereum dipping below $1700 at the same time BTCUSD violates $28,000 could trigger cascading sell orders and the next crash in crypto.
Bitcoin has built a massive head and shoulder topping pattern over the past 18-months.
A sustained decline below $28,000 would confirm a pattern breakdown.
Investors should be nervous as prices struggle to get back above $30,000.
Bitcoin is unlikely to survive a second trip below $28,000.
The first stop would be $20,000, with the potential of reaching...
The yellow drawing is an example of what I believe inflation may look like throughout the rest of this decade.
Note that since the great depression, the US has experienced five bursts of inflation above 8.0%.
With current inflation running at 8.30%, the 6th spike may be occurring now.
History shows that when inflation spikes above 10.0%, a second higher spike...
Gold has been working on a bullish cup with handle continuation pattern for nearly 2-years.
These patterns are typically bullish, reflecting a pause in a growing uptrend.
Gold could dip further to complete the handle, or prices may have bottomed in May.
To promote an upside breakout, gold futures need to close above $1900.
On the downside, I see firm...
Since launching in 2009, bitcoin is yet to experience a bear market in stocks .
What happens to crypto and especially altcoins if the Nasdaq declines further and longer than most expect?
Look at the 48-month moving average. Prices haven't closed below it since 2009.
Bitcoin has only experienced low inflation and zero-bound interest rate policy.
What...
Bitcoin cycles peak roughly every 4-years.
Bitcoin cycles bottom about a year after they peak within the lower green weekly regression band.
If the pattern repeats, we can expect BTCUSD to reach a year-end target between $10,000 and $20,000.
