BTC weekly falling wedge and bullish signs#BTC/USDT
$BTC in the weekly time frame shows a divergence between RSI and price, also RSI candles are above HMA indicator, and price is above the lower zone of the falling wedge pattern.
🐮 these are some bullish signs that if it remains this way price will make a leg up to touch the resistance zone around $30k which is the same with the upper zone of the falling wedge pattern.
🐻 breaking down from 1.272 fib level will invalidate this scenario and price will drop to 1.414 fib level which is the lower of the lower line of the falling wedge.
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WOO ready to make upward move#WOO/USDT
$WOO is inside ascending channel and hold above lower line of this channel.
🐮 now price facing a resistance zone that needs to break it out for more upward move.
break out from this resistance zone that is the same with descending resistance zone will increase price to upper descending trend line and probably middle zone of channel.
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APE head and shoulders pattern and trend lines#APE/USDT
$APE shaped a head and shoulders pattern and broke down from ascending trend line.
🐻 so price can drop more to support zone that is the same with neck line of H&S pattern.
then it will have a pullback to broken trend line and if reject from this line it will drop more to support zone around $3.
🐮 but holding the neckline as a support and break out from resistance zone will increase price toward upper ascending trend line.
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LUNA symmetrical triangle#LUNA/USDT
$LUNA is trading inside a symmetrical triangle and holds the lower line as support.
now price touched the resistance zone.
🐮 break out from the current resistance zone will continue upward move toward reistance zone around $4 and maybe upper line of triangle.
🐻 rejection from the current resistance will drop price to lower line of triangle and by breaking down from lower line, price can fall toward support zones.
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SHIB bearish flag #SHIB/USDT
#update
$SHIB shaped an ascending channel, and price is struggling to break down from the lower line.
🐻 breaking down from lower line of channel can shape a bearish flag and drop price to support zone around 0.786 fib level once again.
🐮 holding the lower line as support will increase price to middle line of channel.
ATOM fibonacci and trend lines#ATOM/USDT
$ATOM broke down from ascending support.
🐻 drop to 0.5 and 0.618 fib levels is a sure thing, just the way can be different.
- price can hold the descending trend line and have a bearish swing inside descending channel.
- and if break down from descending trend line it will dump sharp.
WAVES triangle fractal#WAVES/USDT
$WAVES is inside a triangle that is below a long-term triangle.
🐻 if price follow the previous triangle it will breaks down the lower line to touch the descending trend lines around $3.5 and $3.2, and break down from $3 will drop price toward last long-term support around $2.
🐮 holding the lower line of 4h triangle will increase price to break out from long-term descending resistance to reach resistance zone around $4.2 and will increase more toward upper trend lines.
ETH bearish flag#ETH/USDT
$ETH touched long-term support zone, and stay above it.
🐮 price can move up to touch resistance zone around $1430 which is the same with ascending trend line.
break out from this zone will increase price toward 0.5 and 0.618 fib levels of last swing down.
🐻 also we can see price can make a bearish flag and break dwon from ascending support will confrirm this pattern for more drop to $1150 and lower.
Gold in the next 24 hours Yesterdays trade didn’t go as planned and I believe that was because I predicted the move too early, but now the move I thought would happen yesterday, looks like its going to happen today. Price is playing above 1650 again and my next main target zone is 1675, if that zone is broken and retested price could go up to 1700.
Gold in the next 24 hours Gold overall is looking like it is in a bearish market, but as you can see in the picture I attached, buyers are trying to push up from this level of support at my 1725 zone, so we may see a retractment before continuing lower, or price could continue up from here if support holds up well enough.
Gold in the next 24 hoursGold has been ranging for the past few trading days but I’m currently bearish, although she could potentially buy from this level, I do still believe she will eventually hit my 1650, which is the next major zone price would be heading towards. Keep your risk low if you’re trading bearish, Gold can be volatile at times and especially in a week like this when we have FOMC set to release, it could change the whole dynamic of my current perspective.
Gold in the next 24 hours Gold recovered pretty quickly after dropping below 1700. 1690 was a strong point of interest for price to reverse for buys after selling so strongly due to the fact, price bought from the same zone 1690 last time we were here. I’m looking for buys to continue in the uptrend.
Game Over for the 100+ Year Economic Super-CycleDJIA. Just look at it, is it not funny how correlated everything looks on a 100+ year chart?
We are the the top. Can we this time get through the historically impossible resistance?
Knowing JPow, when market drops 10-15% he will spin up the BRRRRRRR into panic overdrive and we'll blast right through the final resistance line into pure hyper-inflationary environment where %age growth does not matter anymore, up_only.
Given that USA debt will shortly be $30 Trillion, if .gov bond rates would be at ~5% then that would be $1.5 trillion in interest payments on debt alone, or about 40% of the $3.71T tax revenue in 2020. Everyone knows that anyone who pays 40% of income just on interest, is bankrupt beyond all hope.
This is why USA will keep the interest rates low, there is no other way, regardless of what inflation does, and in order to so, the Fed gotta do BRRRRRRRRRRR, the markets will pump in nominal terms while inflation eats the actual profits. Deflation is the enemy of the state, because with deflation, large debts become non-serviceable, and as you know (if you been paying attention) that all money is debt that is loaned into existence. If the human civilization was to pay back all of its debts, there would be no money left, and we would still owe the interest. We are forced to perpetually borrow ever more to pay existing debts and interest. Inflation is designed into the current system. Hyperinflation is the inevitable end game. All (fiat) money is debt-- Sounds like double-speak, but such is life in the current financial system.
After a little dip to scare JPow to print MOAR, we should eventually break the top ultimate resistance line on DJIA, and move into a new paradigm of perpetual up & only up, which will be exponential and approach the current economic systems end-game at light speed.
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For over 100 years, the most capitalistic things of them all: the mediums of exchange- money and the value of money (the interest charged on $$$$), has been "carefully" centrally managed, controlled by The Powers That Be (and competition has been forbidden).
We are entering a new era, where medium of exchange systems compete with each other in capitalistic fashion, where people are free to choose in what medium they want to transact in, maximizing their own benefit. This does not sit well with the current TPTB, because they have seemingly effortlessly been able to reap incredibly disproportionate rewards by controlling the medium of exchange in communist fashion (centrally controlled by decree). TPTB do not even care about the money itself, since TPTB can create unlimited amounts, enough to buy the whole world, at any price and any time; they care only for control. Losing control creates panic, losing comfort creates panic, losing relevance creates panic. The Powers That Be are in full panic mode to maintain the status quo and their communistic cartel monopoly. With the current TPTB financial system collapsing, watch TPTB try to appear as the grand saviors with new "better" economic system, veiled in virtue and "good" intentions, but the systems will be even more communistic and centrally controlled, the intention has always been to maximize control.
Cryptocurrencies will help to change the world by offering alternative medium of exchanges that TPTB will not be able to easily control, but Bitcoin will not be part of it. Bitcoin can not be part of the revolution in its current state of measly 7 transactions per second, $50 txn fees during high network congestion and high energy cost. Somewhere, someone will figure out a solution to an energy efficient, decentralized, scalable, anonymous, non-inflationary, instantaneous medium of exchange for the entire planet, the greatest competitor the FIAT currencies will ever see. With the greatest competitor appearing, people will start abandoning the USD and Fiat currencies. While Fiat will not be abandoned entirely, it will finally have competition, and people will have a choice to opt out of debt slavery that's been forced upon them for 100+ years of central banking & inflation. We, the people, will have a choice we have never had.
Inflation of the money supply is a hidden tax on responsible savers where capital creation is forbidden in practice (but allowed in name) for common folk, because capital is eroded through inflation, forcing people to go to the big banks (instead of lending/borrowing person to person at their own interest rates (value of money)) in order to beg the banks for a loan, keeping the big banks and the parasitical TPTB forever relevant. The new era of competition in mediums of exchange will open the door for democracy and capitalism in the ultimate sense, where behind the scenes dictators who install puppets every 4 years will no longer be able to finance wars and their covert schemes through centrally controlled money printing at the expense of the human civilization. Competing, instantaneous, world-wide, independent mediums of exchange will be the Greatest Liberation in the History of Human Civilization.
Enjoy the Dow Jones Industrial Average blow out of the final resistance zone after a small reversal.
Enjoy the Dow Jones Industrial Average eventually become increasingly meaningless as it fails its purpose to serve as a useful indicator in a hyper-inflationary world.
Enjoy the future where you no longer are a debt slave.
Enjoy the Freedom that is coming soon.
We are close to the end game.