With the recent dip after the ETFS launched and the fact that their recent net inflows have pushed price higher, I believe that the bull market is about to get much hotter. If these ETF inflows continue, we may well be on a path straight to $100,000. I have taken this trade here with a stop below the recent low of $38,000. I think it's highly unlikely we see...
Bitcoin could find its fair value in this range if the US starts keeps its monetary and fiscal policies in line without any large net inflations or deflations.
We are seeing the total market cap of crypto excluding bitcoin hitting higher highs while bitcoin currently lags behind forming a lower high. Last time this happened was December 2017 - January 2018 Could this be an early indication that the bull market is done and we are about to enter the bear market? Only time will tell
This pullback has been more than we want to see in a bull trend. There is a serious risk of a head and shoulders forming that could lead us into a bear market. Those who need to reduce their position size to manage their risk might want to sell on a bounce
It sold off too much after it's last run. I think the most likely outcome now is for it to form a lower high. That is, if it runs again at all. With BTC pushing ATHs altcoins across the board could take a major dump against BTC. I'll be looking to sell the last of my ADA bag on this lower high
The daily RSI being at these levels in a bull market doesn’t make sense. There was only 1 time in bitcoin’s history where RSI was near these levels and we were in a similar phase (bull market coming out of a bear market), which was 26th October 2012. From this analysis I can only conclude 2 things, a bull and a bear case: • Bear : If we break lower from here...
We can clearly see that bank of America has always been a leading indicator of a bear market since it starts falling before the S&P 500
A bit of a sell off this week but we saw a bounce off a trend line I previously drew on the last weekly resistance top. If this level holds we could see Tesco go higher
We'll probably see a red week next week. Spetember is usually a bearish month for stocks. The good new is that in Oct-Dec stocks perform great.
Despite the huge run its had and being called overvalued, the daily chart here show's far less bear volume on the red days compared to the bull volume on green days. I was told this stock has a small float, implying there could be a lot of hodlers of the stock that dont plan on selling anytime soon, yet clearly there is high demand I am expecting a drop, but I'm...
Fib Retracements work too well. Looking to reload between $33.50 and $40 1,1,2,3,5,8,13,21,34,55,89,144,...
guess what happens next?
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch out....
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch...
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch...
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch...
Not drawn too well but you get the idea, 4 shoulders 1 head - a Monstor It's been wicky down here and the large volume in the middle relative the shoulders and to the prior bear trend show's lot of buying and selling - Wyckoff accummulation/distribution (wicky, wyckoff, wicks are facing off haha gedit?). I would expect a lower high relative to $8500 however to...