Hello all The past few weeks have been a very very tough for permabulls. After the historic liquidation session in May, an overwhelmingly bearish sentiment shook the markets and especially short-term paper handed b*tches. On-chain data was not too bright either, leading to the question whether it should be renamed to Ponzi-coin. Bitcoin was going to zero, or so...
Gold has been in consolidation since the summertime highs. The fundamental picture for gold is the same and strengthening. Lots of noise about the rising dollar and the 'end-of-days' for precious metals. While there are many obvious cases for Gold fundamentals, we are often presented with the binary view (ST speculator noise) where DXY and GOLD have an inverse...
The longer it takes to correct, the higher the bottom price will be. If the correction occurred this month, the bottom could be around $16k. If the correction occurred in February, the bottom could be around $18k-$21k. If the correction occurred in March, the bottom could be around $21k-$26k. This is assuming Bitcoin respects the parabola like it has in past...
My Analysis of BNB/BTC, its a mostly Fractal play taking in to account historic lines of support and resistance Everything looks good here, The Williams Fractal Fired off a couple of nice signals and the alligator is looking hungry -any price above 0023000 sats is a buy
COINBASE:BTCUSD is having a rough few days. Price is dropping hard and it seems there isn't a consensus of where support will come in. I'm not willing to take a position just yet, but I do want to say that having the RSI already at historic low levels is a bad thing on the daily chart, it does represent some improvement. The major drop from 6k to 3k had RSI...
EURBGP makes history, easy short I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would...
We know that historic events are good indicators for future events. However, they do overlap sometimes due to human psychological behaviour. Before we had this drop, I showed you one identical event. That event was replicated and we had our drop. So, I went hunting for another similar event. In this chart, you can see the candlestick chart pattern drawn on the...
UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself) Recall from my last post: We keep seeing mirror images of the 2014 bear market playing...
Price has recovered reaching a new historic high level.
Price has reached a new historic record breaking the 16.000 level, with a big bullish candle.
"Investors gained confidence that the Republican party’s push for a U.S. tax overhaul would succeed. " www.reuters.com
Price has reached a new historic high approaching the $10.000 level. www.reuters.com
Price remains in a strong bullish trend, reaching a new historic high.
"Bitcoin hits all-time high after CME Group says to launch futures" www.reuters.com
"Bitcoin Eases from Record Highs" www.investing.com