Please watch this video to learn my viewpoint on where real opportunities exist for traders. For many months, I've suggested that the US markets could double or triple over the next 5 to 7+ years. Some people laugh at my expectations, but others seem to "get it." In this video, I try to explain why my expectations are valid and why I believe the "crash-dummies"...
CME: Offshore RMB ( CME:CNH1! ), Micro RMB ( CME_MINI:MNH1! ) On April 5th, the Bureau of Economic Analysis reported the latest U.S. global trade data. For the first two months of 2023, total export and import were $328.9 and $489.7 billion, respectively. U.S. international trade balance was $160.9 billion in deficit. Export growth was very strong, at 9.5%...
XRPBTC and XRPETH pairs are defying the market right now. XRPUSD now has an inverse correlation with BTCUSD after going negative for the first time in ages. Despite being overbought, is bouncing off RSI. This is only the beginning, XRP is not going to retrace down 50% from this. You're witnessing a historical moment in cryptocurrency. The lawsuit is set for...
A month ago I made a call that NASDAQ would continue to correct through an ABC wave (see related ideas) So far its playing out so I decided to give it a little more attention, with additional situations for consideration. Patterns could be wider or thinner than anticipated depending on news, fear & volatility. Bullish scenario: Inverse H&S Diverging from the...
In the last few days both Wall Street and Crypto has been going back and forth the 0% line, back and forth, back and forth. Is it the calm before the storm? The "decoupling" pattern continues.
We are driven in to short position by macro data, or BTC decouple from stock market.
After Friday's "decoupling" event, the markets have mostly stayed flat (it feels like there's a lot of confusion and uncertainty in the market as a whole right now) with a few exceptions - WAVES seems to be the big winner today, followed by AXS (Axie Infinity) and ADA (Cardano). XTZ (Tezos) had a very good week this week but at least for today, it seems to be in...
Along with the "decoupling" event that happened on Friday, Ethereum's announcement of the ETH2/Consensys/Merge coming up in August is likely to create some waves in the crypto space as the date approaches - not only will it affect the ETH ecosystem itself, there's a chance that it could have significant ripple effects on the tokens minted on top of it as...
On Friday the (currently volatile) stock market rallied a little, putting Wall Street somewhat at ease. But an interesting thing happened that day that never happened before - crypto assets actually went down, instead of up. If you're a crypto holder you're probably prefer to see the pattern reversed, but it's still an interesting pattern worth exploring further....
INVESTMENT CONTEXT In a remarkably divergent trade, on May 19 BTC regained USD 30k threshold and many Layer-1 currencies (ADA, ETH, XRP) moved up at least 4% while the S&P 500 headed towards the 7th consecutive week in red U.S. President Joe Biden is touring Asia in an attempt to launch the Indo-Pacific Economic Framework (IPEF), countering criticism that...
This idea seems to be continuing on pretty well, showing the "slow" decoupling of BTC and the stock market. Currently the trend has been broken and there seems to be a confirmed retest of the upper trend. A good bounce off this should see the ratio move towards the 0.29 level and a break of that resistance level would signal a strong continuation. This (to me)...
Recently I updated a NASDAQ/US100 chart that was playing out an ABC scenario over the past month (see related links for more info). To put it simply, two major situations I see as possibilities on the US100 chart are - An inverse H&S - A macro ABC corrective wave Given $BTC price action is coupled with US100 price action at the moment, these patterns would...
I did this analysis on SPY last October. If you put together context and history on this chart, It's hard to ignore a potential painful scenario. Here are my thoughts. 1) If the markets are truly fundamentally cyclical, we could imagine the past being just versions of the same phenomenon : "When we're highly over-extended, old profitable bags are being sold to...
Well hello there, It has been years since I have posted here, its been years since I have properly interacted with the Crypto space, now returning in a much healthier way all things considered personally. The idea i have here for $ENS is that it currently sits on the 200MA forming what looks like a pennant. I have copied the last time it did that recently to...
With ZK Rollups being the hot-topic of ETH hopium discussions, ZK Snarks should be in discussions as well. That, along side the recent volume and strong technicals on HTF for both the USD and BTC pair for ZEC is my reasoning on being bullish. Unless Zooko increases the founders reward to buy some more groceries, NGU.
Major trendline resistance was broken recently at 51k level. We may be in a mid-cycle peak on to the way up to 180k-200k until ~Aug 2022. Would still remain cautious atm as the traditional markets are undergoing a major 100 year-cycle correction that could drag $BTC with it. But, there is a chance that every asset on the traditional market will get tokenized,...
Today was very likely the final day for btc correction forming some kind of a W bottom. Looking at the market, everything was red ...except XRP. It was also when, just before the final btc crash xrp pumped 11-15%. It did hold above $1.30 as btc and other market was crashing today. On the chart we can see that the fib. extension has been very well respected in the...
This chart illustrates Bitcoins performance vs. the US30 stock index. In many ways it resembles the BTCUSD chart, which supports the idea that there is a correlation between US equities and Bitcoin price. A key difference obviously is that if BTC were to go flat while stock prices climbed, the "price" on this chart would drop as BTCUSD was being outperformed...