Dogecoin has gain traction and in doing so, reached an area in it's Fib levels called the Golden Pocket. With this in mind it is very possible that Dogecoin can retrace to .236 Fib Levels, but would solidify a stepping stone for it to continue forward. Future Black Swan Event? War? Who knows what'll cause it, but keep your eyes peeled! Gl;HF!
Just some TA on a possible Diamond formation on the 1hr. Losing the 200sma for a possible downward revision to the previous fib. GL;HF!
Using the measurement from Oct 2020 - March 2021 4 Year Cycle point, seeing that on the weekly a beautiful Cup and Handle is forming and scaling out to a month, and using that measurement from the CnH to scale it with the Month/3 Month Ascending Channel.. You got potential for some BIG moves! Not to mention we are at another 4 Year cycle point. GL;HF!
DXY starting to turn up from it's falling wedge pattern. Definitely will cause turmoil for equities and Crypto.
BTC seems to be forming a long legged doji for the monthly with price failing to get above 50SMA, MACD failing to reverse course upward, & RSI with room to move downward still. Still got 4 days to go, but we shall see how it closes. 20k & below in the works if this plays out. DXY playing off it's Falling Wedge could take it to 106-109 easily, which in turn would...
As we are enter a recession and companies lose pricing power, lay off workers, and the FED continues battle inflation.. There's massive downside risk associated with risk on assets. As you can see in the SPX chart there's a clear Broadening Descending Wedge pattern playing out (though bullish) with one more leg down to come on the weekly chart and Rising Wedge on...