BTC-HONDA

BTC-HONDA

The stock market has been consolidating on declining volume and is sustaining itself at support. I think we are about get another bounce to 4300. This will be good for crypto and allow us to get some relief. This consolidation on BTC with declining volume is coiling really hard now. I think it is about to make a move with the stock market. No change. I'm bullish...

BTC-HONDA

BTC broke down from our rising wedge down to 30k. We have been waiting for a new setup to show and this looks to be it. with the SPY having relief, it should bring BTC higher as well. The target from this rising triangle on declining volume will be 35k. before I expect a pull back

BTC-HONDA Updated 

BTC broke down from its rising wedge and over shot our target. The SPY dump pushed crypto lower. The SPY currently looks like its drawing a minor consolidation for some relief which will help BTC. I am anticipating some relief here on BTC and the SPY. I am looking for BTC to move to 33k-34k from its current consolidation on declining volume

BTC-HONDA Updated 

Just an update that nothing has changed for me. I am still looking for 33k on BTC from this falling wedge on declining volume. Depending on what the SPY does, we may overshoot that target. I will re-evaluate after we hit it though. SPY is hanging dangerously close to losing support but hasn't lost it yet. If it can recover, then we can see some relief on BTC...

BTC-HONDA

Our rising wedge on declining volume has officially played out. We hit our lower target at 416. We are currently at support and need to hold this area to avoid breaking down to much lower areas. If this occurs, it will be really bad crypto and be the catalyst to take us to 33k. I am expecting us to hold at these levels and consolidate before we bounce and...

BTC-HONDA

My business season is just starting and I'm getting really busy so I haven't had much time to post. Nothing has changed however. This rising wedge on declining volume has all 5 legs put in. GOLD and OIL look like they want to rip to higher levels. The SPY looks like it wants to go to 416. These are all bearish signals for BTC. I am anticipating for it to go to 33k...

BTC-HONDA

Please see my post on the SPY, Gold, Crypto, and OIL for a more detailed analysis. XRP I am still very bullish on it even though the peripheral markets are suggesting more volatility and fear in the near term. I am still anticipating that Ripple will resolve it's SEC lawsuit in its favor which will be a major bullish catalyst. This giant symmetrical triangle on...

BTC-HONDA

No change in general. Still looking for 2300 from the bigger picture symmetrical triangle on declining volume. We currently are in a minor weekly consolidation that looks like its going to push us back to 2076. This implies that the bearish setup on SPY is strong and some fear in the Stock market will becoming. Take a peak at the SPY chart I posted because it...

BTC-HONDA

Oil on the massive monthly picture looks like a falling wedge that can take us to 150 still. In the short term there's two ways you can look at it and they are both bullish. Either we are in a falling wedge that is going to take us to 118 at least. OR, what I think is most likely, we are in this symmetrical triangle consolidating to make our final move to 150....

BTC-HONDA Updated 

The SPY is not looking too hot atm and I think its going to have a dump pretty soon. This is unfortunate because BTC has looked great recently. It just cannot perform well if the SPX looks like it does. I think BTC is in a rising wedge on declining volume and will breakdown with the SPX to 33k

BTC-HONDA

Looks like the beginning of a break down of the rising wedge on declining to 416 on the SPX. This will drag crypto with it if it is the case. We need a weekly close this week above resistance for this to be invalidated. If it becomes invalidated, i will switch to bullish and look for ATH

BTC-HONDA

XRP is still in it's massive symmetrical triangle on declining volume. I think whenever the SEC lawsuit will settles, it will be in Ripples favor and this asset will fly to 5 dollar off of it. I think it will be one of the best performing assets in 2022

BTC-HONDA

No change to the previous setup of the rising triangle I had posted. It looks like we are just starting our breakout to 58k. We still need a volume spike to confirm the breakout but we look really good right now. Only thing I am cautious about is the stock market which is currently at resistance. As long as it hold, I think BTC will be fine. This looks like a...

BTC-HONDA

I'm starting to watch this as a rising triangle on declining volume that will bounce to 58k on a break out. I think we will get resistance there with a deep pull back towards 45k. 51k at least i believe. A failure of this pattern would still bring us down to 32.5k

BTC-HONDA

XRP looks like its drawing a bull flag after pumping from its symmetrical triangle. If this is a bull flag, we can easily revisit .88 cents from here. This is my primary perspective. If we fail, then I will look for .70-.72 cents

BTC-HONDA

BTC is currently consolidating in another symmetrical triangle on declining volume. These are usually continuation patterns which would imply a breakdown to 37k. If we don't We can break up to 40.8k. I'm overall bearish to 32.5k however. I will re-evaluate on invalidation

BTC-HONDA

We hit our break out target from the symmetrical triangle on declining volume. Had a nice spike of green volume on the breakout. We now look like we are consolidating for another move. We maybe flagging to move higher but I will post an more in depth update later today or tomorrow. I am still bullish on XRP to 5 dollars from its giant consolidation pattern it is...

BTC-HONDA

XRP seems to have held off on a breakdown from this symmetrical triangle consolidation on declining volume. It looks like it is going to push for .86 cents from the breakout instead