MWCarter

MWCarter

After breaking out of a multi-year consolidation, Silver has been trending upwards and looks on trade to fill the gap left back in April 2013. From today's prices of ~$20, I see Silver hitting $27 soon and ultimately my first major target of $36 by the end of 2021. If you compare this back to 2009/2010... 2009: Silver went up 57% 2019: Silver went up 80% And...

MWCarter

Good morning all, Lately, the DeFi space has been very bullish and leading the recent wave of altcoin fever. ZRX is arguably the most established in the space, and it is looking like it is ready to breakout and test the $0.40 area. Currently, price is aroung $0.33 and we are seeing early signs of a golden crossover. Although not yet confirmed, with a MACD cross...

MWCarter

After our March low, we've rallied +140% off the lows and formed a huge ascending triangle. Given our bullish momentum, it's likely we continue upwards into the green zones highlighted around the $40 and $47 marks. RSI is not oversold and has been coiling, which shows signs of momentum heating up with plenty of room of run. If we break out from here, there is a...

MWCarter

After consolidating bullishly for the past month, LTC looks ready for a move up. It looks a lot similar to Ethereum before it started leading, so this could be a great early trade if it continues strong. Targets: $50 (11%,) $60 (30%) $66 (30%)

MWCarter

After the crash in March, volatility has settled down towards the bottom and is now reversing its trend. I think ~220 was the bottom, and we are set to continue higher for the coming months. Expecting a major move to the upside to happen soon as the market resumes its declines to retest the lows made a few weeks ago.

MWCarter Updated 

There's two primary setups I see here, based on pure price action. We've put in numerous higher lowers and face more aggressive sellers every time we try to step higher and make a new high. This leads me to believe we have seen the local top, and Bitcoin is headed to the low $8,000 range. Short now, or short later. Either way, it's a short. The green target area...

MWCarter

With equities looking increasingly volatility and valuations as frothy as ever, long term bonds have been quietly outperforming recently. I expect this trend to continue for foreseeable future and for us to rise 5-13% from here conservatively. The global climate is shifting to reducing risk and buying safe haven assets. Therefore, 20 year bonds will likely...

MWCarter

With the markets pricing in a 95% chance of a 25bps to 50bps rate cut, longing 20 year bonds seems like one of the highest confidence trades in the market. I am bullish on 20 year bonds specifically, and will continue to be until we see a rate hike which I believe is far, far away. We are likely heading into a global recession within the next 12-18 months, so I...

MWCarter

First off, I would like to say that I believe in Tesla and Elon Musk. But this parabolic rally is entirely unsustainable and is fueled by hype similar to cryptocurrency and 2000 Dot Com Bubble. I called the dip to $750 and subsequent bounce to $950. I have been short biased since $958 and will add above $1,000 if we get there. We might have another push up, but...

MWCarter

For those of you who don't know, I shorted Tesla at $950 and am holding it for a swing trade. I'm currently ~30% in profit in a few days. However, this looks primed to go up and fill the gap above at $900. At this point, it is too soon to tell if we go higher than $900 (green line) and make new highs but I want to be hedged against my position in case we blast...

MWCarter

Since the start of 2020, price has been chopping upwards into resistance for EOS. The purple line is the point of control. A break above, and I would be bullish to at least the yellow level. Above there, the orange level would be the likeliest region for a bearish retest. As long as we can hold the yellow level, I am bullish for continuation. Conversely, a break...

MWCarter

Bitcoin is at a critical point. Plenty of signs are favoring bulls here as we approach High Time Frame resistance. In order to keep it simple and avoid choppiness in between, zoom out. If we close the weekly above the green line, BTC is likely headed to $10,000+ and possibly $11,000 swiftly. At the very least, bulls need to close the weekly above $9,200 or else...

MWCarter

Cardano looking good at the moment. I think if we have a 12/1D close above the yellow line, we are on track to retest the range highs. A rejection at the yellow or orange lines would lead me to be bearish short term and price pulls back to cool off. Ultimately, I think these targets will all be hit or exceeded before Summer 2020 is over. Until then, along for the ride!

MWCarter Updated 

This is a play that has been building for months now. With clear bullish divergence confirmed in the past two weeks, and REN being in a key area of interest, this is a trade worth examining. In my view, as long as we can hold above 420 sats, this play is bullish. A break below and I am bearish and would expect more consolidation before a bullish potential stop...

MWCarter Updated 

RECAP: As we near the end of a 50 day consolidation, all signs are pointing to a breakout. The current price is $7,930 and most are expecting a move to 8.2k+. We have already bullishly crossed over on the 3D MACD, and the RSI has plenty of room for a move upwards. I expect our breakout here to be violent, and very quick. It is possible that we squeeze up to...

MWCarter

BTC dominance looks headed near the 80% range as it continues to melt-up higher and blast through resistance levels. Currently, the price is $8,330 and Bitcoin dominance shows no signs of cooling off. In fact, the weekly chart shows a bullish engulfing candle which typically leads to continuation upwards. For those holding alt-coins...be prepared for bloody...

MWCarter

Hello everyone, Since late November, BTC has been chopping around in this range and consolidating. We have flipped the weekly open to support and are marching towards the highs at $7,500 - $7,700. I have been long-biased since we reclaimed mid range, and my current trade plan is displayed on screen for 2.5R. Entry is roughly $7,150. Volatility has been...

MWCarter Updated 

Black lines are take profits.