NotReallyJack

NotReallyJack

Hello all, it has been a while since I have given out an opinion, I have come to warn all of you crypto people that a large correction for BTC is probable. We are looking at, based on this chart, a possible correction to or under $25,000 and a revision to the mean on a weekly time frame. Higher time frames almost always are more predictive than shorter time...

NotReallyJack

Upon analysis of the long term it looks like silver is going to struggle for a while to break $30.00. This chart chops up the last 13 years and then projects about 8 years into future (above orange, above yellow would be the levels) which may or may not be important. It's hard to say, but when I see the price breaking over those levels I will know we are on the...

NotReallyJack

I published an idea about a week ago discussing this channel we have been trading in since the ~$2100 peak we hit back in August 2020. This formation is clearly a bull flag, while they do break down from time to time this hasn't yet and if it recovers we are still all cylinders forward on breaking out to new all time highs. With the monetary situation globally...

NotReallyJack

The recent sell of was quite scary for some, but it looks like we probably are finished selling off (even it means we're going flat for a while). With the huge move in $GME today after hours and the major crypto's finding bids, I would keep an eye out for a move upwards. There is still 5x or more potential for doge coin in the long term and that massive upside...

NotReallyJack

The technical analysis on the USD is bad, but not as bad as the macro problems we are currently having. There is a very high chance the dollar is going to weak substantially from it's recent highs and will take decades to recover if it ever does.

NotReallyJack

The bottom is in on oil and with the US cutting back supply we have a macro economic scenario where can actually see oil rise to levels we haven't seen in 15 years.

NotReallyJack

This pattern has strength and indicates that higher rates will be here to stay for quite a while. This could cause issues in other markets and the dollar strength.

NotReallyJack

Gold has finally hit a major support level on the one-week, I will be watching for some buying to come in.

NotReallyJack

After coming out of arguably the most beautiful bull flag I have ever seen, we have had quite a nice run and a nice additional push by the man Elon Musk himself. I fear we are going to pull back quite a bit here, possibly 20-25% with a bottom somewhere around 42k. This will probably drag down most of the other coins as well medium term. With the bond yields taking...

NotReallyJack

We're finally coming out of the abyss it seems like and might be able to climb higher for a short period. I would not recommend this as a long term position and more of a swing trade.

NotReallyJack

The trend has clearly broken on this 4 hour chart and it looks like we are going to either find support or what I think is more likely (and interesting) retest the $640 area of consolidation. There is a lot of bullishness behind TSLA but a healthy pull back may be a good opportunity to get in below the all time highs for the first time in a while.

NotReallyJack

Doge coin looks to have recovered since the last rejection at 0.085 and is holding steady. Soon the lines in the middle of this range will meet and we will know up, down, or side-ways, the amount of growth possible is a little concerning but long term I see doge coin breaking 0.085, 0.1 and making new all time highs.