Get started

Cryptopickk

BTC Bear Flag Pennant In ProcessHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a pennant pattern with a bear flag formation so ultimately a Bear Flag Pennant. The measured move of this pattern touches a long-term support line around $7K. The Fibonacci Retracement shows the Golden Ratio (1.618) around $3.3K. Price has a strong possibility to come down to the $3K-7K range based on this scenario. Please be aware that this may take days or months to reach the target so have patience! Also shown in the chart is Ichimoku Cloud, Volume, RSI, Stoch RSI, MACD, MFI. 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
BITSTAMP:BTCUSDShort
by MillionaireEconomics
12
BTC and ETH: Bottom Price and DateHello 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: This chart is the same chart I posted in February 2022. I made no changes except to add in the tiles that show when I posted the idea below. 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
BITFINEX:BTCUSD
by MillionaireEconomics
32
BTC Bitcoin: Headed Much LowerHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is currently inside a pennant pattern with a bear flag formation so ultimately a Bear Flag Pennant. The measured move of this pattern touches a long-term support line around $7K. The Fibonacci Retracement shows the Golden Ratio (1.618) around $3.3K. Price has a strong possibility to come down to the $3K-7K range based on this scenario. Please be aware that this may take days or months to reach the target so have patience! 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
BITSTAMP:BTCUSD
by MillionaireEconomics
8
Total Crypto Market Cap Warning!Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel most recently formed two Bear Flags, back to back. The measured moves are shown in the chart. Though I want to be bullish on crypto, it seems there is still strong downside pressure with the measured moves still intact. My last Total Crypto Market Cap warning: 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
CRYPTOCAP:TOTAL
by MillionaireEconomics
7
Total Crypto Market Cap: Warning Signs!Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel and Bear Flag (exactly as predicted!). The measured moves are shown in the chart. Though I want to be bullish on crypto, it seems there is still strong downside pressure with the measured moves still intact. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. First warning sign - Jan 2022: Second warning sign - May 2022: Third warning sign - June 2022: 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
CRYPTOCAP:TOTAL
by MillionaireEconomics
4
ADA Cardano: Monthly ChartHello friends, today you can review the technical analysis idea on a 1M 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 Lines, 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
KRAKEN:ADAUSD
by MillionaireEconomics
5
FTM Fantom: Monthly Chart Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Fantom (FTMUSDT). The chart is self-explanatory. With the crypto market going through a correction, Fantom 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, 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
by MillionaireEconomics
1
AVAX Avalanche: Monthly ChartHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Avalanche ( AVAXUSDT ). The chart is self-explanatory. With the crypto market going through a correction, AVAX 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, 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
by MillionaireEconomics
1
BTC and ETH: Price 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 Lines, Volume, VPVR, and Prior Cycle review. Naturally this is all future predictions so let's see day by day how it goes. 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
BITSTAMP:ETHUSD
by MillionaireEconomics
35
BTC Bitcoin: 200MA and Fibonacci RetracementHello friends, today you can review the technical analysis on the 1W 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) Bitcoin price is shown from the beginning of when it was traded on the Coinbase exchange as noted in the chart on a 1W basis. 2) CryptoPickk shows the Fibonacci Retracement focusing in on two price points. 3) The Fibonacci level at 0.236 at $16.5K is close to the 200 MA (moving average) which is at $18K. 4) Lastly the prior all time high was around $20K. 5) That entire area as shown in the yellow rectangular box may be the area where price may get supported in case we are really in a bear market for Bitcoin and other cryptos. 6) Keep an eye on the RSI (relative strength index) which is very close to touching a multi-year trendline. If it bounces off of it, that would be amazing. If it goes below, it could get really bad. 7) These are the times to be a bit cautious and if you want to buy the dip, consider the downside potential. 8) Noted below are a few articles on why CryptoPickk believes the markets could drop further: a) www.reuters.com b) www.reuters.com c) www.reuters.com d) seekingalpha.com 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
COINBASE:BTCUSD
by MillionaireEconomics
8
ARKK ARK Innovation: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for ARK Innovation ETF (ARKK). The chart is self-explanatory. The price is currently in a Descending Parallel Channel with the RSI oversold so there may be a short term upward price movement, however the overall trend is still down. I put in multiple support lines to keep an eye on. If price moves back up, expect the areas I noted as major resistance areas. Included in the chart: Trend line, Support and Resistance Lines, Volume, RSI, MFI ( Money Flow Index), Descending Parallel 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
AMEX:ARKK
by MillionaireEconomics
8
Total Crypto Market Cap: 1D ChartHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel. The measured moves are shown in the chart. Though I want to be bullish on crypto, it seems there is still strong downside pressure with the measured moves still intact. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Check out my recent BTC 1D Chart review analysis 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
CRYPTOCAP:TOTAL
by MillionaireEconomics
4
BTC Bitcoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ). BTC Price looks like it is headed back up to the S/R line. If it can break above the line, it has a chance to go up to the $36K-$38K region, but if it fails the S/R line, it is coming down to $28K region first then even as low as $20K-$22K. The Support and Resistance Line is very important to pay attention to before considering a move. I've added in the RSI and EMA in the chart. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
6
GOLD: 1M Chart Review with price targetHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Gold price. Gold had a local double top formation and it seems that on a macro level it formed a double top as well. Looking at the overall economy, Gold has a strong possibility of heading down. The Fibonacci Retracement shows price coming down to the 0.236 level where this is major support with prior price action. That would be a price of around $1,100-$1,400 range. 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
TVC:GOLD
by MillionaireEconomics
3
Gold Price: Daily Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Gold. The chart is self-explanatory. If the price does not hold the multi-year support line, expect downward pressure to test the bottom end of the descending broadening wedge as well as the re-test of the descending parallel channel. The price has made multiple attempts to break out of the 0.786 Fibonacci Retracement level but has failed so far. It may make another attempt if the price is supported by the support trendline. Lastly, the overall multi-year pattern since August 2018 is an ascending broadening wedge which is bearish. Shown in the chart: Trend line, Support and Resistance Lines, Parallel Channel, Ascending Broadening Wedge, Descending Broadening Wedge, Bear Trap, Bull Trap, Breakout Zones, Fibonacci Retracement and Trend Analysis. 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
TVC:GOLD
by MillionaireEconomics
2
BTC Bitcoin: Finding The BottomHello friends, today I am completing a technical analysis on the 1M linear scale chart for Bitcoin (BTCUSD). Many people are asking me on where I see the Bitcoin price bottoming out before the next possible bull run. In case you still think a bull run is going on, please wake up! I put together the price along with the RSI, MFI, MACD and Stochastic RSI as well as including in Volume, VPVR and Fibonacci Retracement. Based on my review and analysis, I see price coming down to $3K-$7K range over the next year. The MFI is worth a watch on the monthly chart as the MFI hasn't reached no where near the oversold region, which it has in the past. MACD had a bearish cross in January 2022 which I discussed in a post in February 2022. See below: In early December 2021, I posted a chart with a "no hopium" discussion around why I think BTC is headed much lower. That was when BTC was over $56K. Since the making of the "No Hopium" Discussion post on December 2, 2021, Bitcoin price is down 45%. In number terms, if you had $100,000 in Bitcoin, you would be down to $55,000. That's a $45,000 loss. Be careful and focus on the charts rather than some of the folks that make stories to earn followers. See below: This is a monthly chart so be patient and I don't see the next bull run until the end of 2023 into 2024. That's my personal opinion. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
12
Total Crypto Market Cap 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel. The measured move is shown in the chart. Lastly, this is a monthly chart, so please have patience. Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, RSI. Have you read my Bitcoin: No Hopium Discussion 2? Check it out -> 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
CRYPTOCAP:TOTAL
by MillionaireEconomics
3
DXY: 1M Chart ReviewToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop may give the crypto and equity markets a chance to move higher for a bit. I've been calling on the price of the DXY to go higher since November 2021: When zooming out, the US Dollar price looks very bullish in the long-term. This is a monthly chart so please be patient with price action. 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
TVC:DXY
by MillionaireEconomics
4
Ethereum ETH Support Areas Going DownToday I am reviewing the 1D (daily) chart for Ethereum (ETH) on a linear scale. The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC). I noted multiple support areas where the price has the possibility to come down to with the most recent possibly getting to the Trendline S2. This would be around a 11-12% correction from current price levels. Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin , Stock and Commodities 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
COINBASE:ETHUSD
by MillionaireEconomics
1
BTC Bitcoin: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin (BTC). The chart is self-explanatory. The price has two potentials from the Support and Resistance Trend Line which is in confluence with the VPVR (Volume Profile). Volume overall is low and Ichimoku Cloud shows a red cloud upcoming (resistance). Lastly, zooming out, you can see a Double Top Formation and a Rising Wedge Pattern, which are both bearish. The RSI and Stoch RSI look like they are coming back down. MFI shows money exiting after the recent small pump. The Death Cross (50 simple moving average crossing 200 simple moving average) recently occurred on the 1D timeframe. The $39K-$42K area is a very important area to keep an eye on. Shown in the chart: Trend line, Relative Strength Index, Stochastic RSI, Money Flow Index, Ichimoku Cloud, Support and Resistance Line, Death Cross, Simple Moving Average, Volume, Volume Profile, Rising Wedge Pattern, Double Top Formation. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
25
BTC Bitcoin: No Hopium Discussion 2Hello friends, today I am completing a technical analysis on the 1W linear scale chart for Bitcoin (BTCUSD). In early December 2021, I posted a chart with a "no hopium" discussion around why I think BTC is headed much lower. That was when BTC was over $50K. See below. Now I am coming back with a "no hopium" discussion part two, but this time it's much more simple on the chart and narrative. The current Bitcoin price broke below a very important triangle pattern that started forming at the end of December 2021. Since this is a weekly chart, the price may get a wick down and re-enter into the triangle, however many other technical and economical indicators show that we may be headed much lower. The target of the triangle pattern comes down to the $22K-$25K range and the target of the bear flag pattern comes down to the $5K-$7K range. Since this is a weekly chart, the pattern may take time to form. The only way I can assume Bitcoin may be headed to all time highs again is if the price can move above the $50K level for a week and hold that price, which has been a major resistance area. Some of you may look at this chart and say it is very basic, but I have also put up all sorts of technicals and oscillators like Ichimoku Clouds, EMA, SMA, RSI, MFI, Stochastic RSI, MACD and many more on various timeframes and the data still shows downside pressure. So I kept it basic for this chart. Since the making of the "No Hopium" Discussion post on December 2, 2021, Bitcoin price is down 35%. In number terms, if you had $100,000 in Bitcoin, you would be down to $65,000. That's a $35,000 loss. Be careful and focus on the charts rather than some of the folks that make stories to earn followers. 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
BITSTAMP:BTCUSD
by MillionaireEconomics
13
Gold Price Support Lines To WatchHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Gold price. Gold price is headed down but there are two support lines to keep an eye on. A Fibonacci Retracement is also showing the first support trend line is at the 0.236 level. Keep a close eye on that price if Gold price keeps falling. Gold has been in a channel for a long period. The lower support trend line is the bottom line of the 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
TVC:GOLD
by MillionaireEconomics
3
Litecoin: Future Price PredictionHello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Litecoin (LTCUSD). The chart shows only the Litecoin price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price. Though price may move slightly different in both cycles, the overall structure looks very similar. It seems that the current price may be headed to one more touch of the resistance line around $185-$200. To make it easier to follow, I made a pathway in the prior and current cycle. There is a possibility that price could come all the way down to $25-30 range due to a black swan event, however there are multiple support and resistance zones before that happens. I am NOT confident that Litecoin price will make an all time high until after the next Bitcoin halving in 2024. What are your opinions on this? Check out my Ethereum price prediction in the related ideas below. 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
COINBASE:LTCUSD
by MillionaireEconomics
7