Ethereum performance has been lagging compared to some of the 'stars' in the last quarter of 2023; it looks as though its time for Eth to take back some of those gains....
A perfect wedge pattern is playing- if this plays out it should be up from here for ethereum being a pure paly on global liquidy.
out of rotation and would be a profitable sector to start adding into
If you zoom out further - Bitcoin cant be overlayed as the other indices appear as horizontal lines; go figure!
If we have not entered a bull market on 15.8.22 this will be the first time in the recorded history of the SPX that a bull market has not resumed after a 50% retracement close following an 'official' bear market decline....
The rising channel of LUNA against the dollar continues, This seemingly appears to be a good time to allocate fresh capital into the markets; of course, taking into account one's appetite for risk! If we consider how well LUNA has held up against ETH and BTC the 'layer 1s' are proving remarkably resilient during this bearish period in the crypto...
The Long-term wedge on the 'daily' has been invalidated indicating more falling in price to go. A double-top to-boot indicates we're entering a new phase in Bitcoins evolution as we experience consistent multi-month lows during a bull-run; playing devil's advocate does this instead represent a change in bitcoins price action where we experience reduced volatility...
Eth liquidity at all-time lows and with 'shrimps' accumulating and long-term HODLers waiting we are setting up nicely. RSI is at strongly oversold levels which further supports this thesis that ETH will break out in the medium term against BTC. As we approach the deployment of ETH 2.0 - execution engine - and gas fees fall the future is bright for Ethereum.
Elon sand senior execs selling has put pressure on the price of Tesla shares; continuing to descend..
]Bitcoin is going through a tough period right now and could be headed back to $53,000 over the weekend and rebound off the support at the golden ratio. If it doesn't bounce at this strong floor of support it could headed for the 200EMA which is sitting pretty around the $49,000 mark to
Since 2008 the Federal Reserve balance sheet has increased steadily from $ 870 billion to 4 trillion USD. In the last year, it has doubled again to $ 8 trillion. This suggests that the FED has printed more DOLLARS in the last year than it has in the previous 100. The Nasdaq has experienced a similar growth cycle over thae same period; strange that...
Taking a different perspective - we could consider we have been in a horizontal channel if we exclude the 'MUSK pump and rewind' which began on the 8th Feb 21 until his 'confusing' u-turn on May 21. According to mining dynamics, we still have between approx 1051-1500 days to go until the next halving which suggests we're just only just past halfway on this cycle. ...
This is a bearish indicator and was seen in Feb 2018 on the BTC chart as the price of bitcoin plummeted from a $20,000 high; the noticeable pattern was also seen in the NASDAQ 100 on October 20 during the crash of the dotcom bubble. it is observed when the 50day MA crosses the 200 MA. Has buying momentum finally tapered off and will this downward movement in the...
Litecoin confirming a break against a 3-year decline against Bitcoin; the altcoin cycle is playing out nicely!
When ETH approaches 0.1 BTC the rotational play is truly on; it hasn't hit these levels since the peak of the 2017/18 bull-run ❗️
First time since the range -Dec17 and Jul18 -BTC dominance has fallen below 50%; looks like the second alt cycle is gearing up.
UNI been setting up since the beginning of April against BTC. Recently, its broken the ascending triangle and after confirmation looks set to make a strong move to the upside...
Analysing Bitcoins chart since the genesis block - The four-year cycles are demonstrated in the chart however, there is a case to consider for expanding cycles. According to plan B's stock to flow model which tracks supply vs issuance the scarcity of Bitcoin will overtake that of gold in 2024. The chart correlates with this showing a Bitcoin price in the region of...