Joelthebowl

Joelthebowl

BTC is going to close below 48,600 on the Monthly view. This is the .382 fib retracement price range. A broadening top has formed (morphing from a bull flag). We have seen higher lows over the last several months which is a good sign. With $6B in options expiring tomorrow, I expect to see more volatility short term. I wouldn’t be surprised to see a move down to...

Joelthebowl

Bitcoin is trading currently right above the .5 fib level in the channel going back to 2013. To confirm this bull market we need to see the monthly close hold this level. It can still be okay at the .382 level, but runs into risk of falling out of the arc. If we do get a monthly close above this .5 level, it’s on like donkey Kong! Assuming bull market remains in...

Joelthebowl

The DXY has broken down from of a bearish ascending wedge. Looking to test the .618 Fib retracement level. If we break below this, the next support level at the .786 Fib level at about $81.5. If this happens, Equities will likely remain in an uptrend, particularly commodities. Gold is normally in this category, but due to central bank manipulation I would say it...

Joelthebowl

XDC bout to breakout to the upside after consolidating in a descending wedge. Upside target is $0.195. Long way to run still!

Joelthebowl

XRP is attempting to break above the descending expanding wedge (bullish). If it does we will likely see some sort of backtest/retesting the now support line before more upside. Timeframe depicted in the Arc. HODL! Not financial advice *