thecardiak

thecardiak Updated 

Self explanatory, there is a 10 year wedge with no room left to squeeze happening on LTCBTC On chain metrics for LTC show usage, hash power, wallets, daily transactions all rising rapidly over the last 12 months. Everything for LTC is up except for its price. Expecting something explosive once this wedge breaks. 10 years for a wedge is unprecedented when it...

thecardiak

1) As we know LTC is one of the 5 tokens currency cleared by the CFTC as a commodity. 2) Coinbase has filed to beginning trading future derivatives of LTC starting in April (as well as BCH and DOGE) 3) An ETF is highly probable if the price of this asset increases enough for it to be worthwhile. 4) New Chart now has on chain fundamental for LTC to compare...

thecardiak

Self explanatory Blue chart is the LTC price action from 2015-2017 Red chart is the LTC price action from 2018-2024 (present)

thecardiak

2015-2017 the wedge ran till its completion before exploding out into a new range. since 2018-2024 the current wedge is now nearly complete. Now if we take a bar chart of the 2015-2017 wedge and expand it and overlay it on the price action within the 2018-2024 wedge it lines up almost 1:1 Exciting times ahead i think

thecardiak

The overlaid fractal is from the SPX 2000 and 2008 double top pattern. Evergrande bankruptcy extension ends in less then 10 days the bond holders will either accept equity shares in that bankrupt company or evergrande will face court ordered liquidation. That will be the first domino, followed by regional banking crisis 2.0 as the backstop fund is nearly depleted.

thecardiak

I believe we are getting primed to retest our bottom before ALGO has a true bullish movement. SPX is potentially at a double top from 2022 highs Evergrande bankruptcy/court ordered liquidation or restructuring final deadline is end of january (will cause a cascade of bankruptcies in its wake) Regional Bank Crisis 2.0 looks primed to resume as backstop funds...

thecardiak

This chart shows the 2015-2017 price action fractaled and expanded onto the price from 2017-2023 which is nearly a 1:1 match. Above the chart shows the daily unique active users on the major competing POW networks and LTC is currently #1 even ahead of BTC now

thecardiak

Chart is self explanatory synopsis Fed cant get inflation under control First hint = jacking up rates faster then ever before in history and doing this during a market recession rather then when the market was over heating (reverse of all their prior policies) 2nd = US debt has been going parabolic since GWB was president, US economy runs on gov spending they...

thecardiak

Hyper bullish on this coin now 4 hour bullish gartley completed while band is retesting the breakout of its 900+ day long wedge it escaped from

thecardiak Updated 

Each expansion and consolidation period will likely be getting shorter. Looks like it may almost hit $100 before dying a horrible death in 2022

thecardiak

Just another long range outlook for cryptos most valuable project. Eventually people will kick themselves for not enlisting as a link marine early in life. Total Value Enable by Link now over 7 trillion USD oh my... what a shit coin

thecardiak

The first head and shoulder hit exactly at its text book target before rebounding The now formed INVERSE head and shoulder target would be 4,600 and give the market a chance to form a double top , scoop up all the liquidity from retail jumping back in and then take us down to depths that so far only the most degenerate bears even speak about BTC should likely...

thecardiak

Just an Idea i am creating to look back on should this market depression continue without a fed pivot in 2023. Something I want to be able to look back on in 2024-2026 if it follows this path. Future looks bright.... in 2026

thecardiak

It seems likely that we are going to enter a mini bullish cycle, this will give SKL a chance to break the tight wedge and retrace back down to create a higher low and set the stage for the beginning of the next market cycle. Or should our markets go to hell in a hand basket we have the red scenario as well. More or less just putting this idea down for my own...

thecardiak

This coin is looking extremely oversold while its on chain usage metrics is showing a parabolic growth curve. I would think this should be entering a market repricing shortly as its market cap is only 100mill right now while it has over 12 million transactions per day currently.

thecardiak

DXY 3DAY chart has nearly every indicator showing 190 day long bearish divergence occuring while the price has been roaring away. DXY is now pushed up against its weekly running resistance trendline going back to 2003. I think we see this pull back at least to mid November before it attempts another shot at break 109 range again.

thecardiak

Doesn't look good that we have been following a 2007/2008 market collapse fractal on the DJI weekly chart. Thats all this is, just a fractal, more inflation, higher rates, famine in late 2022 and 2023 in areas around the world. Energy sectors and manufacturing collapse in eastern European countries, vote buying for half a trillion dollars while were in the middle...

thecardiak

Not to be doomy.... but there is nothing good beyond that horizon.