MarketPointAlgo

MarketPointAlgo

Fib measured from Jan 18 high to Jan 19 low. Both fractals are pulled from the spx. 1. Jan 19 low - Feb 20 high. 2. Feb 16 low - Feb 18 high. I believe that analyzing the spx from April 2021 and on cant really be looked at as legit price action as it was more or less noise caused from tech stocks trading at unbelievable multiples. If this seems crazy to you,...

MarketPointAlgo

Fairly basic analysis to read in terms of the buyers and sellers establishing what the XRP price has become since 2017. Comment if you have questions.

MarketPointAlgo

This is a straight up analysis of XRP. Observing a larger view, we can see that things are in fact turning around. By "Turning around", I mean completing the bottom. I honestly think that we will not go lower unless we see something drastic happen that effects the entire world but per my analysis we are legging up. The fib retrace through out this dip tells me so...

MarketPointAlgo

The DJI fell shortly after I called it out. It is acting very closely with the fib retracement. 20k by EOW followed by 18k is near future. Hold tight as there is no clear asset class that is showing to be acting like a safe haven. I wouldn't by shy about buying a little bit of precious metal as well as crypto and diversifying within the market as it is...

MarketPointAlgo

ETH/USD is following with the rest of the crypto market. Smart contracts have also become a hot topic. With that being said the current price of ETH/USD is very reasonable at the moment and also shows a lot of support. We have retraced 50% since the end of 2019 price level so consolidation has been happening. We also currently sit on 2 solid uptrend lines as...

MarketPointAlgo

Bitcoin is moving as expected. If we fall below trend I could see us dipping lower but I feel that as the USD Index continues to show weakness that the crypto markets should benefit from it. We have retraced per the Fib Retrace to 50%. This lines up with the trend perfectly. Just like in 2017->2018 as the US Dollar was fatigued, Bitcoin and other cryptos showed...

MarketPointAlgo

Although Silver/oz prices exceeded $36 in 2011 I believe that price action can be looked at irrational. With that being said we can identify over a long period of time that Silver has tested the 78.6% fib level TWICE now. To follow that, we have always been in a "upward trend" except when we dropped down to $14 level in 2018 and 2019 which has shown to be strong...

MarketPointAlgo Updated 

Bitcoin is scarce = TRUE Bitcoin is becoming more known = TRUE There are more people than Bitcoin = TRUE This is a quick chart looking at the future valuation of Bitcoin based on past buyers and sellers. This is not fact but rather a less than generous prediction. I see little downside risk. I see value increasing at the very least. There is a ton of riff raff...

MarketPointAlgo

I'm not bearish but rather quite bullish. However, in the meantime, I believe that buyers will become more nervous as recent gains may bring profit takers to the table. The RSI is definitely in a over extended area. Viewing the B-Bands we can see that we breached above the upper band, and with my experience usually results in retrace to the middle band as...

MarketPointAlgo Updated 

Super simple look at a recent XRP/USD analysis which is linked to this post. I had recently pin pointed a launch point and it appears that XRP has started it's run slightly before where I had predicted. I now look at the VWAP at the "Decade" level. We can see that the VWAP has reset as we enter 2020 and start this year. This is great for institutional buying any...

MarketPointAlgo

Since 2019 Gold has been rising with the equity markets. This has thrown my normal investing strategy off as I cannot grasp how the market is feeling. At least from the knowledge that has been passed down to me form investors within the family. Within the purple box you can see how gold decreased as the overall equities market increased. But to follow with gold...

MarketPointAlgo

This post was encouraged because of the Economic Forum being held in Davos, Switzerland. The last 3 years (roughly since mid 2017) contained talk around trade war. This has caused chaos within the markets. We have moved up and down 1000's of points with no specific direction. It seems that September 2019 has shown the true colors of the market sediment. We can...

MarketPointAlgo

It seems to me that there have been some heavily established upper trend lines. The price has fluctuated between this in a fairly strict manor over the last few years. The last bull run was about 20D bars. I pointed out where the price could break out and a time frame between now and 20D bars after the trend officially ends. Circle are two areas that I see as...

MarketPointAlgo

I mapped out the last bull run into the 2008 crash. I mimicked that from the 2008 crash to todays current market conditions. The time frame of the current run up is almost exactly half of the 2008 run up. I believe that this supported by the tech revolution and the ease of access to the markets. There is a lot of banter around the fed reserve. Other countries are...