Kumo9

Kumo9

Analysis In the past few weeks, Bitcoin has been the beneficiary of election euphoria. This surged the prices past it's previous all-time high of $73,700 to a new all-time high of roughly $99,600. This brought the price within spitting distance of the coveted $100,000 price tag. This price level proved to be difficult to crack due to the psychological significance...

Kumo9

For the past week bitcoin has been trading between roughly $50K and $47K as I predicted on December 3rd as BTC broke it's trend line. Upon breaking the trend, volume spiked to highs not seen since July. This forced the price to around $42k before settling in the previously stated range. Since then we have seen volume decline. This price behavior could be in part...

Kumo9

Evergrande shares, symbol 3333, have been getting demolished as of late. On December 6th it broke past its all time lows of 1.88 HKD. This puts Evergrand's stock over 94% down from it's ATH of 32.39 HKD now at 1.77 HKD. The stock is no longer in free fall however, that may not last for long. On December 9th the real estate developer had defaulted on its debt for...

Kumo9

XRP has recently broken out of a descending triangle pattern with relatively high volume. This shot the price up to about 1,900 sats. At the time of recording, It's retesting its breakout point at 1,685 sats. This means that there is still a possibility of a rejection, forcing the trading pair to retest it's local lows of 1,588 sats. XRP has retested this level...

Kumo9

PAXG, a gold peged crypto, Has been gaining in setoshi value. For the past few months PAXG has collapsed in satoshi value seeing all time lows of 2.6 million sats. That would put PAXG At an 88% discount from its ATH daily close of 31.9 million sats. Despite this massive collapse, In the last month the trading pair has rebounded 37% from it's all time lows....

Kumo9

Ethereum is gaining in satoshi value. At the time of recording it's broken out of its local high of 8.17 million sats. $4,146 @ today's Bitcoin Prices (TBP). It is on track to hitting resistance not seen since February 26th 2018, 8.8 million sats. The last alarm was at 8.8 million sats, it had a USD price tag of $670. That was over 3 years ago. At today's BTC...

Kumo9

Ethereum has been gaining on Bitcoin in both price and market capitalization. As far as price goes, it has broken out of its recent high of roughly 8.2 million sats which is a USD price tag of $4,157. In my opinion, this will be an important satoshi price point for the next week or so as ETH may revisit it before continuing gaining in satoshi value. The next price...

Kumo9

BTC has recently seen a double top $70K indicating massive sell pressure at that price. The next price range that could provide support is possibly $50K-$47K. This would put BTC at a roughly 28% discount from its ATH and would put in a new "higher low". Breaking and closing below these price levels on the daily chart will indicate sustained selling pressure and...

Kumo9

Bullish cross above the Kumo cloud on 1hr chart signaling a continuation of the already breath taking run.