Augustus_Lee7

Augustus_Lee7

US manufacturing is the highest its been in 2 years. GDP boomed +33% Q3 Chart is self explanatory. After "covid" price rallied to a new ATH. Now were in the last phase of an ABC correction before we break upwards from the wedge

Augustus_Lee7

Should see a weaker dollar as interest rates remain at or around 0%. This, along with Quantitative easing should start to affect the strength of the dollar. As you can easily see, the correlating divergence trend in the strength of the U.S. Dollar and Bitcoin points to a weaker dollar and stronger Bitcoin.

Augustus_Lee7

Self explanatory and im too lazy to type an explanation.

Augustus_Lee7

Inverse head and shoulders into pivot and consolidation, leading into a breakout from the current macro wedge.

Augustus_Lee7

Chart is self explanatory. If you made it this far, im sure you do not need some long and over-thought out explanation.

Augustus_Lee7

Self explanatory

Augustus_Lee7

Chart is self explanatory, but what i did was narrow down specific parts of every bull cycle and compare/contrast them with previous cycles. This ended up producing an almost perfect fan-like pattern. Areas I focused on were: All time highs (ATH) Bullish channel support and resistance I found that previous channel resistance is new channel support and previous...

Augustus_Lee7

If you trade impulse waves, you know how to read this, and if not, im not explaining it... Google knows. Two areas possible for pivot C. X: 3500 give or take Y: 1500 give or take

Augustus_Lee7

Im a perma long, but more bleeding is likely Chart is self explanatory, but bearish cross on the 50 & 200 MA which is similar to 2015-2016 price action. We should fall and print bottom around 6,000 give or take. This matches previous "bottoms" trend angle. Lucky for bulls, this should be bottom which is just in time for the halving... then moon shot

Augustus_Lee7

1: Watch for an Elliot wave leaving into an ABC correction which could catch support and lead into a breakout. 2: If breakout fails after ABC correction, watch for triple correction using long-term support as pivot

Augustus_Lee7

Its no secret that stocks are currently expensive. QE and other monetary policies have pushed multiple companies into the trillion dollar market cap. Is a repeat of the Dot Com bubble possible? Not sure, but one thing I would put my money on is this... entire economies are coming to a halt because of the coronavirus. This will trigger liquidity injections and...

Augustus_Lee7

As alts start to break key resistance levels, bitcoin isn't far behind them. Possible wave 2 in the works which should take us to test the previous all time high

Augustus_Lee7

As this run continues, expect a reversal at the resistance formed by the 20k and 14k highs. Price should find support and break out after consolidation. (Although not likely, it is possible it will break the 20k & 14k resistance so play the area conservatively)

Augustus_Lee7

Yeeeaaaaaaa Boyyyyyyyyy. (If you cant read the chart without an explanation, you probably should save your money)

Augustus_Lee7

So my previous chart I explained the market cap and dilution issue I have with XRP, Here is a chart over a 5 year period showing the divergence in bitcoin and XRP and how dominance has changed relative to the dollar. At first XRP was Trading stronger against bitcoin relative to the dollar, but as time progressed, XRP ended up trading weaker against bitcoin in...

Augustus_Lee7

One thing I have noticed while trading and investing in crypto, is that many people neglect to take shares outstanding or "Coins outstanding" into account. Many fall victim to clever marketing campaigns and a lack of investing knowledge. XRP has 100,000,000,000 shares outstanding. Yes, thats 100 billion with only 43 billion currently in circulation. Current market...

Augustus_Lee7

Still sticking to the head and shoulders pattern, but changed a few things

Augustus_Lee7

Long term pivot on the 200 MA