MillionaireEconomics

MillionaireEconomics

Hello friends, today I am completing a technical analysis on the 1M linear scale chart for Bitcoin (BTCUSD). Many people are asking me on where I see the Bitcoin price bottoming out before the next possible bull run. In case you still think a bull run is going on, please wake up! I put together the price along with the RSI, MFI, MACD and Stochastic RSI as well...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel. The measured move is shown in the chart. Lastly, this is a monthly chart, so please have patience. Included in the chart: Trend line, Ascending...

MillionaireEconomics

Today I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop...

MillionaireEconomics Updated 

Today I am reviewing the 1D (daily) chart for Ethereum (ETH) on a linear scale. The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC). I noted multiple support areas where the price has the possibility to come down to with the most recent possibly getting to the Trendline S2. This would be around a 11-12% correction from...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin (BTC). The chart is self-explanatory. The price has two potentials from the Support and Resistance Trend Line which is in confluence with the VPVR (Volume Profile). Volume overall is low and Ichimoku Cloud shows a red cloud upcoming (resistance). Lastly,...

MillionaireEconomics

Hello friends, today I am completing a technical analysis on the 1W linear scale chart for Bitcoin (BTCUSD). In early December 2021, I posted a chart with a "no hopium" discussion around why I think BTC is headed much lower. That was when BTC was over $50K. See below. Now I am coming back with a "no hopium" discussion part two, but this time it's much more...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Gold price. Gold price is headed down but there are two support lines to keep an eye on. A Fibonacci Retracement is also showing the first support trend line is at the 0.236 level. Keep a close eye on that price if Gold price keeps falling. Gold has been in a...

MillionaireEconomics

Hello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Litecoin (LTCUSD). The chart shows only the Litecoin price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price. Though price may move slightly different in both cycles, the overall structure...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Netflix, Inc. (NFLX). The chart is self-explanatory. Death cross may be coming up. RSI just broke out of the support line. Keep an eye on the Support Zone. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average,...

MillionaireEconomics

Hello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Ethereum (ETHUSD). The chart shows only the price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price. Each Support and Resistance Trend Line is color coordinated to match the prior cycle to...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin (LTCUSD). Litecoin has been bouncing around Support and Resistance trend lines and it looks like it may be headed back up to re-test resistance. The resistance is at the 0.382 Fibonacci Retracement which is also near the edge of the red Ichimoku Cloud around...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Apecoin (APEUSD). Apecoin has had a really nice pump over the past few days but it may come back down as the RSI is very high. I noted a few places where price may come back down to based on Support and Resistance trend lines and Fibonacci Retracement. If you enjoy my...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). Bitcoin price is shown in a bear flag formation with the flag pole measurement in the $6K-$7K range. The price inside the descending triangle is about 60% formed and may continue for a bit longer. The price has a chance to move within the Fibonacci...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Ethereum (ETHUSD). Ethereum price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Litecoin (LTCUSD). Litecoin price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Cardano (ADAUSD). Cardano price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Bitcoin (BTCUSD). My last chart for BTC had support and resistance trend lines set up and this update shows the 1H chart review of the current price action. BTC price seems to be headed back down. If you enjoy my ideas, feel free to like it and drop in a comment. I...

MillionaireEconomics Updated 

Today I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1995-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price to see where the top...