According to the trend presented over the past 3 years, whenever there is an extremely high appreciation (between 300 and 500%), there is a devaluation around 70%. Therefore, and based exclusively on the technical analysis, it is considered likely that in the next year there will be a depreciation of BTC against the USD and a significant approaching to $13000.
Descending Channel Chart Pattern. Traget @ 1.1220
According to the past two month Bitcoin/USD movement, after a significant uptrend there is a accumulation period followed by a bear trend candles (as mention in green rectangles). Close to the resistance level and believe the continuation of this pattern, the BTCUSD should reach lower minimums and touch the support levels. Target @ $3300
The Bitcoin prices has shown a marked reluctance. It has registered a devaluation since the highs made at the end of 2017, close to $20k. The breakdown of the 100 weeks Simple Moving Average ( SMA ) accelerated the devaluation, but promoted a period of accumulation near the 200 SMA . Additionally RSI 14 breaking up the 30 level, its another significant bullish...
Coffee as reached one of the most important support level ($100) promoting a huge long term bull opportunity. Target price @144.25
This chart represent the bull and bear markets in the S&P 500 during the last two decades. According to this analysis and based on statistical inference, we could have started the bear trend that might during until March 2020. On average bear markets length approximately 18,5 Months ((28+17+11 )/3) and depreciate close to 41% ((50%+58%+15%)/3) since the life time...
USDCNH reached historical max values and start the descendant channel approaching. Traget price @6.63.
Wedge pattern promoting a Short position opportunity on medium term. Target price at $3.55. RSI indicator have cross below 70 pointing out bearish conditions.
Uptrend channel breakdown. An opportunity to get a long term move up. An RSI below 30 indicates an oversold or undervalued condition.
Long-term opportunity on Range Resources Corporation (RRC). Reach all time support zone.
The Simple Moving Average 200W "BreakUp" and the triangle pattern promote a long term bullish perspective. Fibonacci golden ratio of 61,8% (@1285) becomes as an important support.
Bitcoin as reached descending triangle resistance and show a couple reasons to believe on long term mean reversion.
Natural gas falls to a minimum resistance level of 2017.
Bitcoin/USD - Bearish Trend continuation.