R0MM3LL

R0MM3LL

$BTC has followed the broader bear market rallies without departure from the continued descending channel with the weekly 20 EMA closing in on the 200 EMA and the 50 tightening against the 100 EMA. Since late October 2021 and the ATH set in November, a clear bearish trend has set up as inflation has ripped, the Federal Reserve has increased rates to what they...

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Broader markets are pulling back and $VSBGF has found it's footing. There's been recent communication from the CEO regarding partnerships and what's shaping up to be potential of an acquisition (rumor). VSBLTY continues to land deals and the recent fundraising wasn't received well in the markets during a down cycle... but peeling back the layers, it's evident...

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$WTI long-term blue channel. White channel bounce off of $88.29 corresponding w/ blue midline, PT revisiting $110. Looking for Stoch centerline reversal similar to Oct 2020. Energy crisis tightening its grip, Europe under immense strain as US tries to prop up as Nordstream pipeline from Russia falling short of demand and Middle East at capacity. If price falls...

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$VSBGF recently took a dip, not only because of the broader "risk-off" environment and economic headwinds... recently announcing 16.7 million shares at a $0.30 offering with a warrant for additional purchase of common stock at $0.50 as well as private sale of 10 mil units for $3 million USD. Market response was bearish, on the surface this is seemingly bad as...

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As Nasdaq and $QQQ face increasing headwinds, SQQQ has broken out of a long-term ascending channel it entered in June 2021. Having formed a cup & handle and given the Fed's hawkish policies now has a price target of the March 2021 high around $84. Significant volume since the outset of the year continues trending upwards. Look for a retest of $64 for...

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Silver has been beaten down and is pairings to bounce higher given rampant inflation and global economic strain. Both silver and copper are critical to industries including things like solar panel manufacturing for silver and electrical vehicle manufacturing for copper. Silver Bullet Mines just announced it has successfully produced its first silver concentrate...

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Always forward looking. $BTC December PA looks to be a close approximation of the past 4 weeks of behavior on the weekly chart. The late November markdowns repeated at the beginning of June. In November the heavy markdowns were followed by a soft green candle, a hard red candle, then a strong green candle... similar to the past 3 weeks of price action we've...

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$BTC remains firmly in a bearish descending parallel channel. In spite of negligible volume and price action, risk-off market behavior remains. Bitcoin has never been below the 300 week moving average, until recently that is. Atlanta Fed's Q2 GDPNow posted -2.1% on July 1st, reflecting 2 consecutive quarters of economic contraction. Multiple "well-regarded"...

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US technical recession confirmed with Atlanta Fed GDPNow data indicating retraction in Q2, two consecutive negative GDP prints. While US stock markets have already experienced the worst first half of the year in more than half a century. Typically in a bull market, this would signal the bottom of a retracement is already in or nearby. Unfortunately, this isn't a...

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Russell 2k $RTY1! broke below the 200 EMA on weekly and failed to regain 1800 as support. As the canary in the coal mine, the Russell 2000 comprises of the 2000 smallest stocks of the Russell 3000 (broad capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market) and provides a solid bellwether for forward facing...

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As the economic outlook degrades in the face of persistent and widespread inflation and GDP projection revision for Q1 was worse than expected, real estate will take a hit. Currently seeing record prices while the beginning of rate hikes and slowing sales appears. A short opportunity exists and is currently reflected in a massive volume uptick in anticipation...

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The Russell 2k tends to be a solid indicator of broader market movement. While we have realized a correction of ~33%, given the broader macro headwinds... this is not nearly the level expected relative to past major corrections (dot.com & housing market). Given the past major corrections of 47% and 60%, not including the global pandemic shutdown it's apparent...

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Wanted to get this posted for anyone who's got active trades open... particularly long positions. $PCC above 1 is generally bearish, below 1 is generally bullish.... basically showing volume of Puts & Calls traded. With Put trading spiking like this, extreme caution should be taken with tight stops.

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Bitcoin pushed below previous cycle all-time high for the 1st time ever since inception in 2008/2009. Another thing we've never seen, while 5 is the lowest Crypto Fear & Greed measure (Aug 2019), never seen 2 consecutive 6's. 2019 saw -40.5% retracement after the F&G score of 5... today with -40%, that puts $BTC about $12,250 before reversing.

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Previous cycle saw ETH lose 50% after MA6 crossed below EMA18 on monthly chart. Ethereum MA6 has just crossed below again...

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Zooming out to a HTF 2 Week Chart, considering key indicators relative to the prior cycle bear market "crypto winter" and key S/R levels... it's increasingly apparent that BTC is tied to the broader markets and is neither a hedge against inflation nor a store of value. Given the relatively short lifespan (less than 2 decades) with Bitcoin existence only...

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$MANA Decentraland is not going to escape this crypto market crash... $0.707 down to $0.517 reflect key levels to watch. Expecting sub $0.50 before this is all done, maybe not this week but certainly when Bitcoin goes sub $20k.

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Total #Crypto Market Cap Monthly Chart. Plenty of room to the downside... if using previous cycle, about another -33% before bottoming out after MA 6 crosses below MA 18. Last time was >55% retracement after crossing. Puts #Bitcoin at approx $20k from current $30k. Given broader headwinds with inflation and tightening money supply via QT... lower than $20k is...