All my opinion. I mainly focus on cryptocurrencies, specifically Bitcoin. But I wanted to share my opinion on how Bitcoin's bull cycle will affect Tesla's share price. Long story short, I don't think it'll be much. They only allocated about 8% of their cash reserves into Bitcoin at a price of about 34K. And the 1.5 billion is only a fraction of the market cap of...
I'm expecting BCH to go up from here. Maybe after markets begin going up again after the FED announcement today at 2pm EST. Just my opinion, not financial advice.
AAVE bounced and could re-test the ATH of about 550. It could also enter into a consolidation sideways pattern between the red box and the fib level directly underneath.
All opinion. Everyone's who didn't buy the last dip are kicking themselves for not entering into a long position before Tesla revealed they bought $1.5 billion dollars worth of Bitcoin. Now they're calling for -30% pullbacks or more even though we literally just had one. I think the price will increase about 150% from the last dip low of 30k to 70k and from there...
Just my opinion. If Bitcoin breaks above its ATH convincingly, we can expect a break-out targeting approximately 60k or the 61.8% Fibonacci extension. This move may take almost a month to complete.
Doge just went absolutely crazy yesterday. If it continues its parabolic move, here are some fib levels to watch. The elliot wave formation is just my idea, it doesn't have to play out! I hope it does though because I'd love to see Doge get to #3 in market cap at least :)
If you zoom out on the charts of ADA and various other alt-coins, you can see that they've formed a giant cup pattern over the span of over two years. For example ETH created a cup and was rejected near its ATH. This leads me to suspect that a handle formation can be created here before continuing to new all-time-highs. ADA has already retraced 38.2% from it's...
All my opinion. I believe Bitcoin Cash is undervalued. Bitcoin will always be the king of storing value long term. But I think once people start using crypto more and more in their everyday lives, Bitcoin Cash and Litecoin will be clear winners due to quick transactions and low fees. It may take some time, but eventually crypto will be used more online and in...
All my opinion. If a bull flag is to play out here, the price action must continue trading inside the parallel channel. Price has already retraced 33% from the top forming the flag, but it may retrace as much as 50%. If price is rejected next time it tests the top of the channel, then a drop to the 50% Fibonacci retracement is possible. If price breaks below the...
All my opinion. Technicals say up, so a right shoulder might form. But fundamentally the government is spending too much money they don't have. I think the downward pressure will become too much eventually and crash the dollar lower. Do you agree? Tell me what you guys think. Have a good day.
Bitcoin and traditionals may be a bear trap at the moment. SPY bounced off support and bitcoin broke, but is currently sitting at the bottom of the blue triangle support. We may see bitcoin retest the cyan trendline, orange and red resistance lines.
The reason I'm not bullish on bitcoin right now is because if you zoom into the red circle, you can see that price did not touch a very important trend line. That has me scratching my head and leaning bearish. A bull trap to 9750 is in the cards. It may even go up to the magenta line, but if it does not that would be another bearish sign. I'm not expecting the...
I think it's still too early to break out above 9800. The orange resistance line has only been touched twice. When it is tested for the fourth time it may break out and if the third or fourth touch is never reached, then it may break down.
Whether it's from here or lower around 8500, I'm expecting for the bottom of the parallel rising channel to be tested (blue line). I think it's likely to be rejected there. Watch for a breakout of the falling wedge.
May happen by the end of this month. Could go to ~8500 first. If this line isn't tested soon, then bulls have given up.
Title self-explanatory. Target around 8350. I'm expecting a bounce around there then further downside.