MillionaireEconomics

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD). Bitcoin price broke above an Inverse Head and Shoulders Pattern which was forming over the past few days. The measured move is shown on the chart. There is a Local Support and Resistance Trend Line which has been holding the price down for a while...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for AMP token (AMPUSD). AMP token is inside an ascending triangle pattern and facing various resistance areas - EMA ribbons, 50 and 200 SMA, Multi-month resistance trend line, and the major Support and Resistance Zone. Beyond that area, the resistance is at the Ichimoku...

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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, RSI and MACD resembling the current price, current RSI and current MACD. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price to...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Palladium. The chart is self-explanatory. Palladium Price has been moving up a Rising Channel recently but the overall trend looks like a Bearish Divergence. Since the RSI was recently supported by a support line, the price has the chance to keep moving higher, however...

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Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Platinum. The chart is self-explanatory. Platinum price made multiple attempts to get back above the 0.618 Fibonacci Retracement level but was rejected and now headed back down. Platinum price may be supported by the Multi-month support line. If it fails there then...

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Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Silver. The chart is self-explanatory. Silver price has been climbing up the local support trend line. RSI is about to reach the overbought area. Silver price has potential to drop. It may be supported by the 0.236 Fibonacci Retracement level as well as the strong...

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Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Gold. The chart is self-explanatory. Gold price may come back down to re-test the top of the Descending Broadening Wedge Pattern. If price gets rejected when coming down, expect to see the 0.382 Fibonacci Retracement level to touch which is in line with the Multi-year...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTCUSD). The chart shows the Bitcoin price with the MACD, RSI and MFI along with the Volume. MACD just had a bearish cross, only the 3rd one in BTC history. This is in line with the RSI falling below a multi-year support trend line (now resistance). Also, MFI...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Bitcoin (BTCUSD). The chart is self-explanatory. Price has the potential to get back in the $40K region before meeting with significant resistance with the Support and Resistance Trend Line zone, and Ichimoku Cloud. There may be an Inverse Head and Shoulders Pattern...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis on the 1M (monthly) log scale chart for Bitcoin (BTCUSD), a cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day chart. The Bitcoin price has been in a Parallel Channel since early 2013 with the price being supported on the bottom and top...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Litecoin (LTC). I reviewed the LTC price history and put together a possibility of where the price will bottom based on VPVR, RSI, Volume and Prior Cycle review. Keep a close eye on the Support Zone and two Support Trend Lines. If you enjoy my ideas, feel free to like...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The BTC price has a possible Head and Shoulders Pattern and/or Triple Top Formation forming. Generally in a H&S Pattern, the right shoulder is smaller than the left shoulder. In this case, there is significant resistance around the $60K range as indicated...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The chart has many indicators, trend lines and support and resistance lines, so please review in depth. At this very moment, the structure does not look good as the price is sitting at the edge of the Multi-Month S/R Trend line. There is significant...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC). The chart is self-explanatory. There are multiple bearish patterns noted in the chart. RSI and MFI have been moving up very quickly but Volume has been declining after the recent pump. The $47K-49K region is extremely important with Fibonacci Retracement,...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD). The chart is self-explanatory. The price is sitting at a major support area. It is below the EMA Ribbons, 200 SMA, 50 SMA, Ichimoku Clouds and still within a Descending Wedge Pattern. Volume has been low but steady. RSI and MFI are below the Support...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Avalanche (AVAXUSDT). The chart is self-explanatory. The price is inside a triangle and approaching an area, which the price could fall back into a consolidation zone. AVAX price is inside the EMA ribbons and above the 200 SMA. If price continues to go down or...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana (SOLUSD). The chart is self-explanatory. The price is in a Descending Channel and very close to the multi-month Support Line. There was a recent Death Cross (50/200 SMA cross) on the 1D Chart, which is bearish. The RSI and MFI are moving upwards on the support...

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Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Fantom (FTMUSDT). The chart is self-explanatory. The price is currently inside a and meeting the local support line. The price is also in the red Ichimoku Cloud. Volume is declining and price is still below the EMA ribbons. If price moves lower, keep an eye on the 200...