FaustDick

FaustDick

BTC has to break $110,217.2 for good, and then I'd say we're off to the moon and beyond.

FaustDick

This is textbook range trading. A break below the range by the same size aligns with the 0.5 Fibonacci level of the entire underlying correction, followed by a bounce back into the range. The next step is to take the 0.5 Fibonacci level of the range itself. If that level is broken, the next target is the upper band of the range. Should that also be breached, we...

FaustDick

The DXY breaking below its trend channel is a really positive sign for risk assets like Bitcoin and Altcoins. Usually, a weak dollar means more money flows into risk assets. The DXY's technical target is 89, which is the level to watch for the end of the crypto bull run.

FaustDick

I drew this chart in September 2022. Now, almost three years later, the DXY has broken below its channel.

FaustDick

TOTAL3 seriously looks ready for a massive breakout. A move to the downside would be unfortunate, but the upside potential looks excellent!

FaustDick Updated 

BTC is trading back within the range, which invalidates the bear pennant. Bullish!

FaustDick

BTC has been trading above the golden pocket for three consecutive days. This should give us a technical target of at least 110k, where the next major resistance lies.

FaustDick

The S&P 500 has reached a new ATH. The monthly RSI looks strong as well. This could trigger an explosion into the target area.

FaustDick

I'd say USDT.D going to fall to at least 2.85%. That's the golden pocket of the previous uptrend.

FaustDick

Congrats to those who bought the Coinbase stock at the end of wave 5.

FaustDick

A parabolic move to 200k or higher by October is far from unlikely — we’ve seen it play out before.

FaustDick

We're having a breakout on price, RSI and MACD - unless we dump into the daily close.

FaustDick

The NASDAQ has officially set a new ATH today. The Dow Jones and S&P 500 will soon follow.

FaustDick

There are six days left for OTHERS.D to climb back above its support levels. Doable, imo. We climbed 0.20% in the last two days.

FaustDick

BTC is at a critical level of resistance at the prior low. Breaking above this level would suggest a change in the trend. A rejection would suggest a final downward movement, which I would prefer in order to complete a 1-2-3-4-5 wave count and avoid an expanded flat correction.

FaustDick

BTC has decided to dip further, retraced to daily support and is probably going for liquidity at 100.3k.

FaustDick

I have to say: SOL, on the other hand, doesn't look too bullish here. The prior downtrend was broken, but the price has been rejected by the golden pocket and is currently trading slightly below the range. A drop to $112 is possible if the new trend isn't strong enough.

FaustDick

The bearish case is a bear pennant, which could indicate another breakdown to 100k.