BTC weekly historical performance relative to EMA's provides interesting perspective and a rather key inference... # of Times the 20 EMA has crossed below: 50 EMA: 3 100 EMA: 1 200 EMA: 0 20 EMA Crossings: 1. 20x50 Sep 2018 1a. CONTINUATION downward resulting in additional -58% 1b. 20 EMA only crossing below the 100 EMA 1c. 20 EMA bounced off of 200 EMA 2. 23...
Monero has continued its mark-down with solid intraday trading opportunities, rallying briefly to $234 before continuing downward price action. Expecting $200 early this week due to FOMC meeting & broader markets before deciding if $200 support holds for a reversal & climb back above $250 towards $270 and centerline of long-term channel or breaking down on path...
BTC has followed a descending parallel channel since Nov 2021 ATH shedding >52% in late Jan to.$32.9k. Since the low, BTC rallied to a local high of $48k in late March before resuming the gradual mark-down. Currently sitting >40% from ATH @ $38.8k. Bitcoin Weekly Chart currently above 100 EMA while the 20 EMA has crossed below the 50. Previous FOMC in early...
Monero being tested in major sell-off, support level test and possible bounce.
Near-term long positions are attractive, with reassessment necessary as inflation reporting in April approaches. Bullish continuation will be more risky in the days leading up to CPI/PPI reporting. Following Bitcoin and the broader markets, GRT will realize near-term bullish support as the markets have shrugged of the Fed's 25 bps rate hike. GRT will flip 20...
Prior to inflation spiraling out of control, Bitcoin demonstrated real strength as a risk on asset against the US Dollar showed continued weakening. Central Bank QE & unfettered money printing (seen in money supply charts and bloated central bank balance sheets) were obscuring the impact of extremely loose/dovish monetary policies as overnight reverse repo...
Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access. (ex: Canada v. Can Citizens, NATO countries v. Russia). 8 consecutive weekly green candles saw XMR appreciate from $130 to $290. Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is...
Monero has realized 8 consecutive green weekly candles, from $130 to $290. Privacy protocols have benefited from market desire for unlinkable & untraceable transactions this year in the face of the weaponization of financial instruments. XMR has a long track record, is a trusted blockchain, and has a long-term place in the crypto space. However, institutions...
Brick and mortar retail has been punished by online shopping advances. $M has seen significant erosion since 2015 ATH. Now seeing rejection on monthly chart by the 100 & 200 EMA, testing 50 EMA in coming months. Now, in the face of economic slowdown it's increasingly likely that the retail giant will realize further losses given declining consumer sentiment...
$DIS has been in a slow decline since March 2021 ATH. Recent political winds have shifted and Florida is rescinding the "Reedy Creek" special purpose district that's been in place since 1967 following partisan policymaking. The most recent declines this week are not indicative of the much broader weakening of consumer sentiment, more a doubling down and...
New company with a very bright future. VSBLTY Groupe Technologies Corp $VSBGF earnings report is expected on May 4th. The company has just begun to turn profits, signed numerous big name agreements with global companies, and continues to present a very bright future. Sensors & displays in retail sales environments, artificial intelligence, security... this is a...
6 hr chart has BTC rejected off the 20 EMA and carving out the right shoulder of the H&S pattern. Of course there's a full moon tomorrow, so that's the superstitious counter, Bitcoin pumps on full moons... LOL.
Algorand has been moving in a descending channel since early February. Rejected at $0.76, ALGO looks to stay in the downward trending channel with a test of $0.68 in the coming days.
BLS published March PPI results this morning showing an increase of just over 11% year over year for $PPIFIS (Final Demand) or slightly more than 1.3% increase month over month. This leaves critical information out and paints a partial picture as $PPIACO (All Commodities) reflects a full 20.46% increase year over year and over a 2.8% increase in March over...
$ALGO dropped into a LTF zone with good trading opportunities over the past 24 hours. Now, the market is preparing to receive March CPI inflation numbers at 8:30a EST. Look for short opportunity on breakdown, or a market really after the recent retracement. CPI impact likely <8 - bullish response >8 - bearish response
BTC has shown clear price breakdowns from rising parallel channels across MTF's. Following yesterday's ~7.5% pullback, BTC reversed with little momentum into a parallel channel that's now showing weakness. Bureau of Labor Statistics publishes March consumer inflation today in 1 hour followed by producer inflation (PPI) tomorrow. LTF bear flag reflected with...
While the Securities & Exchange Commission continues litigation against Ripple $XRP and Library $LBRY, retail gets REKT by "influencers" peddling their wares. $VPAD & $KASTA were developed/introduced by some of the most well known YouTube & Crypto influencers in the market. Each having dumped on the influencers' followers and the Crypto market. 18,800+...
Following macroeconomic environment, with inflation reporting this week followed by upcoming central bank FOMC meeting in early may (rate hikes & balance sheet reductions)... the following high-level SR zones are key levels to watch. Assuming broader markets are going to experience a significant correction as the Fed loses ability to leverage QE & stimulus in...