ETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is...
looks like the outpacing of bitcoin growth relative to SPX price growth has bottomed and indicates that SPX prices are now growing at a faster rate than Bitcoin price. Long-term direction is unclear. Comments are welcome
NMR has broken out of the long-term reaccumulation. It faces medium level resistance at 31 USD, but given the violent volume of the breakout, it's very likely to push continuation all the way to the next significant resistance level at 77 USD at which take profit may be wise. Otherwise, the path of least resistance is now to 77 USD per NMR. N.B. Two biggest...
key support line holding for many years has been broken and now NMR is approaching ATL, offering a generational buy opportunity with a ~800% upside to BTC
It seems that revisiting pre-covid high of 3400 is programmed. We should pray for a healthy bounce to resume long-term upward movement. If not, we can expect to visit 2000 on SPX. Trend lines on chart are from 1945 when modern dollar-backed global economy began. VHTF - zooming out for historical perspective
This is the first time Goldsworth is ever macrobearish. There is still hope for 12k USD to hold and permit at least a return to macro range of 28-65k.
BAT USD is approaching the parabolic growth trendline which has traditionally been a very strong buying opportunity for all crypto assets on parabolic growth long-term (Ethereum, Dogecoin, Syscoin). HTF is at a strong support, with a confluence of launch of native DEX on Brave Browser (with 50 million monthly active users, 20x higher than Uniswap...
clear HTF ranges determined no clear direction until it's resolved. most likely range bound for several more months, unless some major event makes a decision
HTF analysis only versus BTC. downward movement on HTF seems to be the pathway of least resistance offering a buy opportunity with upward movement
Is this the end of consolidation or a fakeout before a deeper breakdown? December should bring a definitive answer
TLDR: a massive cup and handle pattern over 4 years on a log chart. Extremely rare to find, especially in crypto due to scarcity of coins with a multi-cycle history. Last time such a pattern was observed on DOGE/USD pair in Autumn 2020, at $0.002 $DOGE. Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN...
Background FA: BAT announced Fundamental Partnership with Solana and launched own DEX in Brave Browser (100m monthly users), making it a direct contender for Uniswap, $UNI (which has 3 million users and market cap 10x bigger than $BAT). Background TA: BATBTC Pair broke out of Long-Term Downtrend with highest ever volumes, sending the BATUSD pair into ATH and Price...
Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of...
Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of...
Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin, making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of...
Background FA: BAT announced Fundamental Partnership with Solana and launched own DEX in Brave Browser (100m monthly users), making it a direct contender for Uniswap, $UNI (which has 3 million users and market cap 10x bigger than $BAT). Background TA: BATBTC Pair broke out of Long-Term Downtrend with highest ever volumes, sending the BATUSD pair into ATH and Price...
Long Term Downward Trend Confirmed Broken and Reversed for BAT/BTC, with BAT/USD breaking All Time High and going into Price Discovery Mode volumetrics and on-chain stats indicate massive buy-in by whale wallets. Firm support established at 2,000-2,200 sats. Next support to establish at 3,700-4,000 sats range. HTF targets for Take Profit 8,200 sats and 11,400...
Downtrend still intact, but reversal hopes are getting stronger on higher timeframes