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2W BTC bull run profit targets To determine possible stepping stones in the incredible journey of our favorite asset class (yes - bitcoin) we look at the bi-weekly chart, and draw fibonacci trend extension from near 0 to the peak in 2019 and to the all time low after that (122, 19690, 3120). We also draw the 100 moving average line to observe how BTC successfully bounced off it 2 times - in an essence confirming there there never was a bear market in the bitcoin life-time, at least not from the bi-weekly perspective. We witness the HODLers triumph. (Well done, party people!) We notice: 1) bitcoin currently is testing resistance at 1.618 extension level. This is a good time to take profits and to wait for a pull-back to re-enter. pull-backs to 30k, 20k are very likely in the next few months. even below 10k levels are possible if there is a significant negative news. No matter what happens - we predict that bitcoin wont' fall below 100 MA on the 2W timeframe. Fundamentals are way too strong: more and more institutional buy-ins, public interest all time high, relentless money printing by the governments). 2) using our tea-leaf indicator we predict new all time high above 40k before august 2021, and 85k levels by the end of 2024. 3) we watch out for ETH 2.0, and bitcoin profits moving into slakeable assets such as PolkaDot.
KRAKEN:BTCUSDLong
by PurseLance
1
BTC and May 12th's Financial Stability Oversight Council MeetingUpcoming BTC Cycles & the Fed's Comments on CBDCs BTC top was March. If you want a lesson on why, I will explain PCs in a lesson. When you hear this trick you'll never look at a chart the same way again. In other news, we continue to see capitulation across the crypto market as a whole. As many of you know, I am always advocating for yall to listen in on the House Financial Services Committee free live YouTube streams and today was the Annual Report of the Financial Stability Oversight Council with Janet Yellen. In the past I've lovingly referred to CBDCs like the death star, which is now "fully operational" but they're just picking the staff to run the thing. So what is Yellen saying about the progress in today's meeting? Yellen says, "Ehh we can't agree on a design." **Boston Fed is working alongside MIT on the "Hamilton Project". CBDC design is here. ** **Why doesn't the Fed seem concerned about inflation?** Because they're about to implement a whole new economic system. This one crumbling only backs their case for doing so. **Yellen's response to whether or not any of the other "200+ stablecoins will remain relevant after CBDC introduction?"** She didn't want to say no bc she couldn't upset insitutions & hedgies so she said "sure!.." and prioritized *transaction speed* as the identifier for what would stick around. No mentions of "stores of value" or things of that nature. **Historical precedent for CBDC** They compared it to the introduction of the greenbacks. TLDR on this history lesson was basically post civil war paper money took place of gold & silver, a bunch of other people tried to make a bunch of other different forms of money, the only one that stayed was the one backed by the banks and the other ones just became the 18th century version of delisted. People had faith in the banks because they appeared to have the gold and silver to back up the paper issued. **Modern precent for CBDC** COVID attempted to introduce health passes/green passes (EU) which were perceived as stripping privacy rights for sake of convenience & technological transparency; many were ultimately allowed. If you wanted to do you had to comply with . The delay is this: CBDC isn't being put out bc __it's Fed vs. Banks__ and the Banks are Jake Paul. If Fed controls CBDC citizens would view their privacy as stripped away, so they'd let Banks do it to get their agenda done but they really don't want to have to outsource it this way. In the era of data mining = $, banks have the upper hand on the Fed, and want it to stay that way. Last time corporations/banks had this much power (JP Morgan/Rockefeller eras) THEY were the ones bailing out the Gov. Fed trying to prevent that. **TLDR; Runs allowed people to get accustomed to crypto & to allow the free market innovation to flourish. Big Bois could then pay them enough for their work or bully/blackmail them out of it (as was the case with XRP). Some of the world's smartest/richest people would back crypto adoption. (Classic "make them think it's THEIR idea" psy ops tactic). Then, with Blockchain they can tax absolutely every transaction which people have already felt happening with PYPL.** BTC Price action for May/June: when this demand zone is truly lost this will produce the first panic wash-out into June. Many will be looking to sell the bounce in the future. Some will stop drinking the kool aid and others work for the kool aid makers and will artificially pump it when they can to liquidate the moonboys, still holding on to their dreams of decentralized finance. Predicting 20-30 as new range
Short
by amizzle
1
NASDAQ reaching end of Capitulation? Or only half way there?Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? I have the most recent corrections in history highlighted, their reasons listed. > It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 corrections. > It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions. > It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market. >>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term stocks go up.
NASDAQ:NDXLong
by FortunaAlgoAnalytics
4
Bullish NASDAQ forecast for the month of May!?!NASDAQ Market Forecast and Prediction for the rest of 2022 >>>Bullish Month in May driven by Oversold market conditions and Earnings? >>>Rejection coming at the 50/100 Daily SMA? >>>More elongated 2018/2019 correction pattern repeating? >>>Bullish Q3 & Q4 2022 ahead? Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? > It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 minor corrections. > It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions. > It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market. >>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term bullish and assets do well in high inflation environments.
NASDAQ:NDXLong
0
by FortunaAlgoAnalytics
2
░▒🔮░ SOLANA FORECAST | 1D ░🔮▒░COINBASE:SOLUSD CRYPTOCAP:SOL THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".) CRYPTIK-ONE: Hey Eve, can we talk Solana ( SOL ) for our tradingview.com friends/followers? I took a look at this one long-term for someone and I would like to know your thoughts on this coin from an investment standpoint. EVE: Thanks Cryptik. Solana is a fantastic project with great tech, talented founding team and same team doing their best to make sure the community is involved and informed since day 1. The goal of their project is to create an efficient and decentralized protocol for deploying fully-automated DApps on mobile phones. Their project showcases a lot of firsts, from the tree-chain architecture that capacitates millions of transactions per second (unlike current blockchains like Bitcoin and Ethereum that cluster transactions into blocks by time which limit them to around 7 tx/s), to the fact it's network being powered by renewable energy, to the interplanetary content delivery network (ICDN) it implements. You can find further info about their tech here: solana.com As I mentioned, the leading team behind this project has been extremely transparent with the community, publishing articles that explain Solana in simple terms everyday, doing their best to incorporate feedback from the community into their development process and taking part in AMA sessions on their telegram channel. They even have a public Trello board with the goals they aim to achieve in the following weeks/months listed there. It's not only one of my favorite teams in crypto, but also one of my favorite projects out there in general. The only thing that concerns me about this project is whether its volatility hinders it's mainstream adoption as of now (which does concern me because I think Solana deserves more attention than what it gets). CRYPTIK-ONE: Interesting. Thank you. I checked out the website. This project seems very robust. I am posting a forecast projection based off of historical fractal patterns and using the Sine Line and Gann Box to measure the Peaks/Cycles Oscillation(s). You can see my forecast here: You can see from July 10th to August 22 we will have almost a 200% gain from a dip to $44 on July 10th to a Peak at $133 on August 22nd. EVE: Great point. It's certainly not the first time we've seen this project at a high price, it was even above $130 a couple of days ago and already experienced price corrections up to 96% before. It will certainly pop up again for another pump soon though. CRYPTIK-ONE: Yeah it was $130 in the beginning of April. It's ATH was $250 in Nov 2021. So it has history and potential. This coin is looking good all around in my book. Anything to say to our friends/followers before we go? EVE: There are currently many exciting projects going on in the background that I'm personally interested in, whether it's onchain or offchain scaling solutions (like plasma or ethereum 2.0), hardware projects like lightning network, proof of stake or sharding protocols and so on. But I think we're approaching a transitional period in crypto where those challenges will soon be addressed. We might still see corrections from the mini-bubble we've seen at the beginning of 2018, and maybe even another price dip even further than that, but overall I think we're looking forward to getting some good news coming out and implementing new technology sooner than later. CRYPTIK-ONE: Oh no please never mention the "Lightning Network" Satoshi did not like this and neither do I. It takes transactions off of the blockchain and onto another. Look at the history of it. Anyway your other ideas and thoughts are good. EVE: Thank you and please follow us for more great crypto insight/analysis. Also, keep in mind I am not a financial advisor. Anything I say is my opinion and your funds are yours to do with as you wish. Do your own research and invest wisely. Even if a trade has gone well in the past, it doesn't mean it will necessarily work in the future. Also, while researching make sure you're not wasting your time on youtube as they get paid to promote crappy cryptocurrencies that will die off in the future (that even I can't predict). TradingView is a fantastic platform to make charts on though! CRYPTIK-ONE: Thanks Eve, as always! Peace Out Girl Scout. EVE: Take it easy Cryptik!
COINBASE:SOLUSD
by CRYPTIK1