GeorgeZii

GeorgeZii Updated 

COVID crash signaled the beginning of a global economic reset. Trillions of stimulus all across the planet. Balance sheets got fatter than ever. This resulted in a financial overheat in all markets, as the excessive amount of $$$ that got injected got out of hand, raising inflation to unhealthy levels in the US. Crypto totally rocketed, precious metals rose and...

GeorgeZii

First things first, let's set the scenery with some backnotes: - US equities are a ticking bomb as well - Bitcoin is stuck in a tight range and looks for the driver to lead the next move - Inflation keeps rising in the US while rumors for deflation are growing as people believe that 2008 is going to repeat again - USD Index is in a global uptrend Since we...

GeorgeZii

Before I get in the technicals, allow me to set the general scenery first. From the one side we have the crypto Twitter community that keeps being bullish and spreading insane amounts of hype. However there are some people who are warning about possible downtrend to $20,000s. And they get hated by the community. Michael Burry, from The Big Short, warns that a...

GeorgeZii

Dropped from its $200 ($198 to be exact) ATH during the 2017 bull run. Made it to $3 per NEO. Now price is in a huge accumulation phase. We don't have any official news that institutions are buying this too, but the signs are indicating that we might be too close to end this period. Once the bull flag pattern is broken we can blindly buy on the breakout and expect...

GeorgeZii

People getting trapped by their own greed and FOMO on a Dollar rising, which hasn't come yet. It happened last week and will happen again now. I want to make it clear enough here. If we want to see DXY outperforming other G10 currencies we will have to wait until a bullish wave sequence 1-5. At this point, it seems the only thing that would be convincing enough...

GeorgeZii Updated 

First of all I would like to wish to every one who reads this a good year with lots of success and happiness. Now let's get in our topic. CADCHF has not really recovered from the covid market crash, which indicates a slow but steady - yet predictable - direction. We are watching price moving in an ascending channel since the start of August. So for the time...

GeorgeZii

Having legal issues with SEC, XRP has lost a big % of its value lately, causing many buyers to panic sell, due to the negative nature of the news. Although these dips must remind us that we should start take the chance and fill our bags will XRP, before the storm is over and price retreats to new highs. Personally, I have already started buying the small dips,...

GeorgeZii

Like every other coin (except XRP) has a bright day, Litecoin makes its way to new highs. It is one of the major cryptos so it is worth to give some time to analyze it - and hopefully profit. The blue boxes are areas where buyers tend to put pressure on the price and push it higher. It usually comes at the end of a correction, which is analyzed with the help of...

GeorgeZii

Well, on a first glance and with the support of the recent news, it seems like Dollar won't see any support from buyers. Although, there are several technical factors that indicate oversold environment and incoming bullish pressure. On the USDCAD chart, this bullish pressure signs appeared with the form of bullish triangle. In other pairs like USDCHF, there's a...

GeorgeZii

Expectedly (for the most) or not, Bitcoin broke the vital barrier of 20,000 USD. A new era for the cryptos has started. Bitcoin is currently ranging bullish but most of the latecomers are now flooded with FOMO. So before we jump in a long position that could get us stopped out in a minute, we should use every tool we have to find the next reversal zone for the...

GeorgeZii Updated 

Bitcoin is close to a new fresh ATH and a break through 20.000. So I zoomed a bit and noticed a very clean wave sequence that seems to give buying signals for levels unforeseen till now. Technically, since the last bottoming of the price close to 19.000, a 5-wave impulse wave is making its presence very apparent. On the time of writing BTC is completing the...

GeorgeZii Updated 

UK and EU might seem to find a common path after latest talks but Brexit is a fact now, and the Pound won't come out unscathed after 31st December. Even a deal takes place, the economy of UK will be harmed. GBPCHF is an example of how investors will probably be willing to move their funds to CHF after Brexit to seek for a safety shelter. It's not a secret that...

GeorgeZii

Bullish Scenario On the technical aspect, the loonie seems to have bottomed around 1.27800 by forming a double bottom. From there, a new bullish deck of cards starts to show up, with bulls preparing to prevail. Bearish Scenario However, there's a fundamental factor that may have the power to revert the effect and push dollar in deeper, oversold, levels. And...

GeorgeZii Updated 

During the pre-election times, USDJPY was a bit of stressed; didn't really have a clean direction... Until Biden gets elected. Then investors seemed to find somewhere to step up in order to start the process again. As you can see in the chart below, the Daily Outlook of the market is a clear Falling Wedge that seems to have set the path, at least in the long...

GeorgeZii

Are this time things gonna be different? Price is moving downwards since 2015 in a weekly timeframe, and seems like nothing is to break this trend for 5 years now. The trendline behaves like a magnet for price but we never saw it breaking it above it. Two scenarios are possible here (not equally likely): 1) Most possible case scenario: Price will continue...

GeorgeZii Updated 

Price is moving towards a very crucial resistance, which is most likely to hold for the day. If it doesn't hold it is very unexpected from me to see buyers entering the market at this point, as pair is already overbought. A correction to the downside is essential if we want to see a strong breakout of the resistance level. Below you will see LTF outlook of...

GeorgeZii

Price is currently moving in a bearish channel. I expect breakout to the upside, and momentum to follow up. Target is the Monthly Pivot Level. Strategy: Channel Breakout with Retest on previous high + Weekly S2

GeorgeZii Updated 

While US elections are transforming in a thriller that reaches its final word, we're looking at AUDJPY is being cheeky where it is. First of all, price recently broke a long-term falling wedge and after that it managed to hit the 75.xx level and since then we notice that buyers and sellers have slowed down the tempo, hence the moves are more clean. At this...