This is a shorter version of my video yesterday, just recapping what I've been seeing and forecasting in these markets. Didn't expect to see the rally to new ATH so quickly. Or the DXY to push up higher at the same time... But here we are breaking and apparently holding new ATH, so I do think we continue to push higher. Even if we get one more sell off, to...
Hi everyone, In this video I break down how my Bitcoin forecast over the last few weeks has been playing out (nearly exactly) and where we likely go from here... I think Bulls are in control, and we'll see Bitcoin at ATH to $80k in the coming weeks... We review an article form POMP today, saying that who wins the election isn't really that important, and...
In this video we examine the current Bitcoin chart at resistance. Most likely, we retrace here for a bit and then push higher into the next resistance zone of around $70k and possibly to retest the previous ATH zone @72k - 74k. Lots of sell pressure at the previous ATH which can also be seen on the Total Market Cap, using our Order Block Detector. Not much...
Finally some strong moves in money flow into Bitcoin. We can see the Bitcoin Dominance BTC.D Pushing Higher Toward 60% Level. This is a strong signal that money is flowing into Bitcoin, likely from BTC ETF's. The biggest thing holding it back in my opinion is the DXY has been pushing higher also, but is at a resistance level, and will likely drop from here. So...
STX has been looking good and in a nice upward trending parallel channel since Dec 2022. Just trading that channel would have yielded some great returns, but we can also look to the Fibonacci retracement from the previous high to low, which we can see exactly forecast the next high as shown in the video. From there, we can run the Fib tool from the most recent...
In this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets. In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the...
With this week's FOMC .50 Bp rate cut -- The Bull is Back Baby. I've been buying BTC and SOL since last week, but now many of the alts are shaping up nicely. One I like in particular is STX (Stacks) which essentially makes Bitcoin better. The weekly chart looks very interesting here, coming out of a Buy Limit Order Block, and holding it's longer term trendline,...
This new leading 'indicator' for lack of a better term, continues to be accurate and 100% since the NASDAQ:IBIT inception. Every single gap has filled, except one recent one which I believe will resolve to the downside at some point below. The 2nd IBIT Gap just filled on this mini-rally today, so I think we head lower to fill the other lower unfilled gap as...
With a quiet week ahead of the CPI and PPI due out this week, it's a good time to look at the Macro chart structure. Sometimes simpler is better, and I've had great success using simple formations like the H&S pattern, which beats Elliot Wave hands down most of the time. In this case, we were looking at a potential inverse Head and Shoulders on the Total Market...
Proof that this works? So far it's 100% accurate. Every single 'Gap' on the NASDAQ:IBIT 4-Hour chart has filled. Refer back to my prior videos showing this, and while this does NOT mean it will continue to work forever... It's certainly a curious anomoly. And likely works based on the same principals as the CME gaps which typically fill 99% of the time...
Here's a quick update to the video I posted last week showing a final unfilled Gap on the 4-Hour NASDAQ:IBIT likely pushing price down (We're NOT sure yet how this is correlated, other than the BIG money is playing with Options / Futures and now the NASDAQ:IBIT , which makes Bitcoin a Wall Street product now essentially. My targets on Bitcoin now are $57k and...
We had a nice pump in the markets today, stemming from J Powell's comments from Jackson Hole signalling not only one rate cut coming in September, but likely multiple (not priced in). RFK also kinda sorta endorsed trump but still kept the Hail Mary option open for him to still get elected (Don't hold your breath, although I'd love to see that. RFK had a great...
In this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana. And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps. Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed. I also share potential paths, likely a...
In this video, I'm updating a few of the factors we've been following for the past year, that could lead to a $150k - $250k or higher Bitcoin this bull-run. With some breaking news today, we're starting to see more of the dominoes fall in our favor. Namesly: 1. The Norweigan government just announced a "Norway Sovereign Wealth Fund’s Bitcoin Spree" of buying,...
We have been following the BlackRock NASDAQ:IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that... Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill. EVERY ONE SO FAR. So I'm now eyeing this lower gap to fill, and since the IBIT tends to be a leading signal to Bitcoin price, I'm expecting Bitcoin to...
The last time the VIX spiked this high was during the March 2020 Covid 'Crash' which was followed by an epic Bull run after that, and proved to be one of the best buying opportunities. With Japan's unwinding of their 'Carry Trade' and overall US stock market correction, the FED is likely to do an emergency rate cut this month. And the US elections are coming up,...
I'm going to throw on my Cryptodamus helmet here and make a rather bold prediction. Nobody is talking about this, I discovered this pattern tracking the NASDAQ:IBIT since it launched. Just like the CME gaps tend to fill (95%) -- I noticed that the gaps on the 1 Hour NASDAQ:IBIT have ALL filled, except for the recent gap a few weeks ago around July 12th....
I've been watching the 4-Hour chart on the Blackrock BTC ETF or NASDAQ:IBIT since the start. And recently noticed that until now, all of the gaps have filled much like we see on the !CME. Except for ONE large gap that has yet to fill, which I outline in the video. Let me know what you think, and we'll see how this plays out!