COIN Coinbase: Where Is It Headed?Hello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange.
Please review the chart as it is self explanatory. The overall pattern is a bearish one so there is concern for potential downside.
Also noted in the chart: Volume, Support and Resistance Lines, RSI (relative strength index), MACD, and Fibonacci Retracement.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Have you read my recent Bitcoin chart and analysis on finding the bottom. See below:
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Cryptopickk
GBTC Grayscale Bitcoin Downward SupportI am providing four support areas for Grayscale Bitcoin Trust (GBTC) in the event that BTC starts to drop significantly.
S4 meets the long term bottom trendline, which has the strongest support. I added in VPVR to show volume clusters.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BTC, DXY, TNX - The Bear MarketHello friends,
Today I want to share some prior posts of BTC (Bitcoin), DXY (US Dollar Index) and TNX (10 Year Treasury Yield) that show how I came to my conclusion to liquidate my crypto and stock positions in December 2021 and share the same concerns with my community since November 2021. From this point, I still personally feel we have more downside to go in the crypto, stock, metals, and commodity markets.
Each of the charts below can be clicked on and viewed separately. I would recommend reviewing and understanding the charts and learning the indicators and oscillators. @TradingView is very useful and I recommend everyone learn to chart and understand the charts.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Solana SOL: Bad Days AheadHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana ( SOLUSD ).
The chart is self-explanatory. With the crypto market going through a correction, Solana may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume .
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC Bitcoin: No Hopium DiscussionHello friends, today I am completing a technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ), a cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted.
#CryptoPickk notes the following:
1) The Bitcoin price has been in a rising wedge pattern since the end of 2020 around the period when the Bull Run started.
2) Recently, the price formed an All Time High and has been correcting since that point. This has also created a Double Top Pattern (bearish) as well.
3) In the chart are two support trendlines as well as two support areas where the price will hopefully bounce. If BOTH support areas are lost, the price has the potential to get back down to the sub-$30K levels. This would also show a breakdown from the rising wedge pattern, with possibility to take a steep fall to sub $5K levels.
4) There is a multi-month Bearish Divergence as well with the Price showing HIGHER HIGH and RSI (relative strength index) showing LOWER HIGH.
5) The two support areas are key for Bitcoin to rebound and make a new All Time High and hopefully break the wedge pattern upwards.
6) The analysis may show BEARISH signs, but you need to consider many other factors including traditional markets (SPY, and others), commodity prices (Gold, Silver, and others), interest rates and inflation, Bitcoin Dominance, Crypto Market Caps, and much more.
7) Everyone wants to see higher prices, but being realistic is key when trading and investing.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
US 10 Year Treasury Yield: What's Next?Quick Analysis on 10 Year Treasury Yield on a 1M Linear Chart.
1) The US 10 Year Treasury Yield has been respecting a falling channel for multiple decades going back to the 1980s.
2) It is currently headed to the top trendline of the channel with a possibility to break in the coming months.
3) The measured move of the falling channel would bring it back to Pre-2008 ranges.
4) This may fall in line with the US Dollar strengthening (in the idea section below).
5) If US 10 Year Treasury Yield goes lower, there is not much more room for it to get to 0.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC Bitcoin: Shooting Star CandlestickHello friends, today you can review the technical analysis on the Yearly chart for Bitcoin ( BTCUSD ).
Many people all around us are predicting that the crypto market will rebound and though I want to be optimistic, I have to be realistic because too many people bought crypto at high prices unlike some of these people on YouTube that bought under $500 so for them it's a different story. Simply said, be realistic about bitcoin and the markets.
1) The Bitcoin price year over year has been growing significantly with 2021 sending the price to an all time high.
2) This created a long candle wick on the yearly chart in 2021.
3) Though the price is currently hovering around $50K, it may not be as concerning, however seeing the weakness and volatility in the market (crypto, stock, commodities, and others), there is a chance that Bitcoin may close the year around $40K.
4) If the price closes around $40K, the yearly candle will form a Shooting Star Candlestick.
5) Since this is a bearish candlestick and generally indicates a trend reversal, it is very possible to see a major drop in Bitcoin price for 2022.
6) This is just an idea and there are many other factors that are involved but from historical patterns of seeing Shooting Star Candlesticks, it usually doesn't go well.
7) It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Ethereum: Support and Resistance Lines and AreasHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Ethereum (ETHUSD).
Ethereum Merge is complete and now the price seems to be falling. I have noted all the major support and resistance lines and areas to keep an eye on. If price falls below the Support Line 2 (look in the chart), Ethereum price may have a significant fall down.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ).
Bitcoin price is breaking down from the rising wedge. The measured move of the rising channel is in confluence with the 1.382 Fib level around the $16K area. More notes inside the chart.
Also Included: Fibonacci Retracement, RSI, MACD, Stochastic RSI, Ichimoku Cloud, 200 SMA and Keltner Channel.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
DXY Chart Showing S/R LinesToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period.
The chart shows a long term descending parallel channel (generally bullish ), which the DXY has been trading in. The chart shows major touch points where the DXY is either supported or crosses support and resistance lines on the multi-year period.
Currently if DXY heads upwards, it will be headed to the 110-112 S/R area then to 118-120 S/R area. If DXY gets rejected, it will be headed to 103 then possibly back to 93.
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the US Dollar price looks very bullish in the long-term.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
APECOIN APE: Bad Days Ahead!Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Apecoin (APEUSD).
The chart is self-explanatory. With the crypto market going through a correction, Apecoin may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Lines, Volume Profile (VPVR), Ichimoku Cloud, RSI, MFI and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Polkadot DOT: Not Looking GoodHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polkadot (DOTUSD).
The chart is self-explanatory. With the crypto market going through a correction, Polkadot may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
ADA Cardano: Concerning Signs AheadHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD).
The chart is self-explanatory. With the crypto market going through a correction, Cardano may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI, Fibonacci Retracement and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Litecoin: Upcoming Price ActionHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Litecoin (LTCUSD).
The Litecoin chart is on a weekly basis to show the life cycle of Litecoin on this chart. Price was around $200 in December 2021 when I started sharing my concerns with the crypto market. I hope you took that advice seriously at that time, as Litecoin is now around $50-$55!
The current price has broken below the S/R 1 line with potential to test S/R 2 line. Fibonacci Retracement shows the Golden Ratio (1.618) around the lowest level of support (see chart). On the positive side the Litecoin price has potential to resemble a prior cycle pattern move which could push the price higher. I don't want to get too excited yet as the Volume is decreasing however MFI seems to be moving higher. RSI has the chance to move back up to test the S/R line.
Read the chart carefully as there are a lot of notes on the chart.
Lastly, this is the weekly chart so have patience!
Included: Fibonacci Retracement, RSI, MFI, Ichimoku Cloud, and 200 SMA, Volume, Volume Profile (VPVR).
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin BTC: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
The Bitcoin price has fallen out of the rising channel and now headed lower. The two targets are shown in the charts as well as my thoughts on other indicators and oscillators. Read the chart carefully.
Included: Fibonacci Retracement, RSI, MACD, Ichimoku Cloud, and Keltner Channel.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Ethereum: Bottom Price with TimelineHello friends, today you can review the technical analysis on the 1M (monthly) linear scale chart for Ethereum ( ETHUSD ).
I placed vertical lines for the month of April from 2017-2025 to show up to now and in the future when price may start making major moves. The current structure looks very similar to 2018 and my prediction shows the same type of movement for Ethereum.
The concerning factor is the price has a significant downturn to go based on this chart scenario. Other concerns include low volume, bearish MACD, and RSI is right at the support line.
The long-term looks positive for Ethereum as I see upside over $8K but price may need to get to around $200 before it goes higher. Hold on tight!
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC and ETH Bottom PossibilityHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTC) and Ethereum (ETH).
I get asked all the time what I think the bottom for this market cycle will be for BTC and ETH. Today I am posting my charts for both using basic analysis - Support and Resistance Trend line, Volume, Volume Profile Volume Range (VPVR), and Prior Cycle review. Naturally this is all future predictions so let's see day by day how it goes.
FYI: There are links inside the charts pointing to my original discussion around this in February 2022 as well as an update in June 2022. Not shocking, my prediction is still on track!
If you enjoy my ideas, feel free to like it and drop in a comment. I have more ideas noted below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
Bitcoin price is currently inside a rising channel. The chart shows a variety of signals with potential for upward movement around the resistance areas at the center of the Keltner Channel (KC) which is in confluence with the Ichimoku Cloud resistance and Fib levels as noted in the chart. A major concern is Volume is weak. More notes inside the chart.
Also Included: Fibonacci Retracement, RSI, MFI, MACD, Stochastic RSI, Ichimoku Cloud, and VPVR.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
DXY Path: S/R Lines + Major TouchesToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period.
The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. The chart shows major touch points where the DXY is either supported or crosses support and resistance lines on the multi-year period.
Currently if DXY heads upwards, it will be headed to the 110 range then to 120 range. If DXY gets rejected, it will be headed to 103 then possibly back to 93.
I reviewed the path of RSI in comparison to the DXY. The current DXY and RSI movement resembles two prior movements.
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the US Dollar price looks very bullish in the long-term.
I started publicly charting DXY in Nov 2011! (see related ideas below)
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Crypto Total Market Cap ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Crypto Total Market Cap.
Chart is self explanatory. It could get to the 0.236 Fib level before coming back down. RSI and Stoch RSI are near or at the overbought region. Volume dropping off still.
Also Included: MACD, Ichimoku Cloud, and VPVR.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Ethereum ETH: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum price has been rising since the July lows. The chart shows a variety of signals with potential for upward movement around the resistance areas at the top of the Keltner Channel (KC) near the 0.382 Fibonacci level. A major concern is Volume dropping off.
Also Included: Fibonacci Retracement, RSI, MACD, Stochastic RSI, Ichimoku Cloud, and VPVR.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin BTC: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
Bitcoin price is currently inside a rising channel. The chart shows a variety of signals with potential for upward movement around the resistance areas at the top of the Keltner Channel (KC). A major concern is Volume dropping off.
Also Included: RSI, MACD, Stochastic RSI, Ichimoku Cloud, and VPVR.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC Bitcoin: Upcoming Days ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
Bitcoin price is currently inside a rising channel and headed down. The chart shows a variety of signals with downward potential. The Ichimoku Cloud resistance is very strong as well as the recent bearish cross of the Stoch RSI. MACD is about to have a cross which will be worth checking out. RSI is also approaching a multi-month support line. Fibonacci retracement shows possible price coming down to 0.236 level which is also the channel bottom and where the Keltner Channel (KC) bottom is. A major concern is Volume dropping off. Lastly VPVR shows under $20K is much less trading activity so price could fall quickly to $17K-$18K if it goes below $20K.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk