THE END OF THE DOLLAR'S RESERVE CURRENCY STATUS!THE TREND REMAINS BEARISH, AND WILL COMPLETE ANOTHER LEG DOWN!
A BOTTOM, HOWEVER, IS COMING, AND PETER SCHIFF'S THEORY ABOUT FOREIGN CURRENCIES STRENGTHENING AGAINST THE DOLLAR WILL BE PROVEN CORRECT!
THE DOLLAR MILKSHAKE THEORY HAS BEEN PLAYING OUT FOR THE PAST DECADE AND WILL CULMINATE IN A FINANCIAL CRISIS AND A EURODOLLAR LIQUIDITY IMPLOSION!
ONCE THIS IS ALLEVIATED THROUGH MASSIVE DOLLAR SUPPLY INFLATION, DOLLAR EXCHANGE RATES WILL SUFFER!
Bottom
BQXBTCThere is a high probability of price moving up from now after that rounded bottom we can see here.
Ethereum Market Cycle Bottom - DOT.COM Market Cycle BottomThis is where we are in the Market Cycle right now. Many years from now people will wish they'd buy here and say if only someone told me.
Newsweek in 1995: Why the Internet will Fail. Today some people won't eat without internet.
Imagine betting against Technology.. Cars, PCs, Cell Phones, Internet, Crypto. Imagine not betting at all and then scratching your head years on.
IT'S NOT OVER YETWith this chart I would like to show you, why we potentially haven’t seen the "real" bottom of the market yet.
So today is an important day for the markets. After all the new help programs and emergency cuts by several central banks and governments from all country’s in the world, we will see jobless claims numbers released today.
And I think this number will drive the market for the next few days/weeks. We will see in which shape the labour market is in the US for the moment.
If we see a number above 1.000.000 in jobless claims the market could go even lower and break the new lows from Monday.
On the other hand we're standing in front of a turning point from bearish to bullish if you look for the MACD in the daily at the S&P500.
My intuition still says me that we will go lower. Strong days with more than 10 percent per day in bullish direction are a significant signs of a bear market, where these things happen over and over again as a part of a short term correction in a longer term bearish trend.
So stay tuned, I'm looking for the numbers release today before making any new steps in any asset class.
Comparing Bitcoin's Decrease To January 2015Please leave a LIKE if you enjoy the analysis.
I am seeing a lot of fractals comparing these two movements, so decided to take a closer look.
January 2015 - The decrease began on Nov. 13, 2014, when the price reached a high of $453.92.The decrease culminated with a low of $152.4, which was the capitulation wick. The entire daily candlestick was below the lower Bollinger band, suggestive that the move had gone way below the regular deviation from its trading range. A 11-day upward trend followed with a high of $309.1 being reached on Jan. 26. This wick went above the upper Bollinger band. Afterward, the price stabilized before gradually beginning an upward trend.
March 2020 - The decrease began on Feb. 13, 2020 when a high of $10,500 was reached. The wick low of March 13 that reached a low of $3,850 was the capitulation wick, in which the entire daily candlestick went below the lower Bollinger band.The price has been increasing since, having done so by 78% in 11 days.
The main difference between the two moves, which is the recovery rate, since it is smaller in the current movement. Just looking at the downward move, the opposite should have occurred, since the downward trend in 2020 was much more rapid. In addition, the price is nowhere close to the upper Bollinger band or the opening price of the bearish engulfing candlestick which began the current decrease.
Therefore, the recent BTC price decrease shares numerous similarities to that of January 2015, which marked a long-term bottom before a several year upward trend began. However, the recovery since the March 13 low has been much weaker than what transpired in 2015, allowing for the possibility that the price is not actually following the fractal but will eventually make another low.
A like & comment is greatly appreciated.
LONG - EVX - Trading OpportunityAfter a very harsh fall, BINANCE:EVXBTC seems to be making a rounded bottom with a very bullsih MA cross on the hourly chart.
Entry: 0.00002173
Target : 0.00002401
SL: 0.00002908
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NYA Buy SignalTiming the bottom is almost impossible. Instead, look for buy signals. When the ROC indicator goes from mega oversold (-20) to mega overbought (+20), along with the KST either showing a positive divergence or weekly MA crossover and a McClellan Oscillator (measure of market breadth) mega oversold (-70) to mega overbought (70) is the signal I would look up for!
$VIX leaving logarithmic channelThe volatility index, which was recently at 2008's levels. Is starting to go lower, as the S&P is trying to make a bottom.
We are also trying to move out of a logarithmic moving channel (400%+ in less than a month).
The 10 Simple-Moving-Average, is becoming increasingly important; as we are testing it as support and resistance, for the $VIX and the $SPX respectively.
For more information on the $VIX, click on the related ideas.