IMO this will be the top for spx in the next couple of years
Back to 4600, and then 4200 eth sma 200, rising wedge, daily td 13, weekly td 9 btc daily td 13, weekly 9, and cant reasonably go up much after not making a base
I dont think the economy has alot more fuel to run as monetary policy has only worsened the problems created in 2007. 3000 was the top, we will go down for the next 2 years. Comparisons with the roaring 20ies might be appropriate.
This is my long term view on the value of bitcoin in the next 5 years. First stop 80-100k, then explosion to 300k.
BTC way oversold, good volume and support found. Expecting the bounce up to 5000-5500-6000
Lots of confluences at this level W 18 EMA D 200 EMA - 200 SMA D top of large ichimoku cloud D log scale double descending trendline D 0.236 of drop from 7400 D 1.27 of rise from the september lows til 6800 highs Target 7000-7100, then short
XRP Drop, up, drop SImilar 4h pattern to BTC 28th of july
likely to stay within this triangle for a week
BTC is looking to turn down based on various indicators. Target 5200
Trading hotspot spotted: - Restest of broken neckline of H&S - Retest of uptrend line - oversold state - 1 hour macd turning up - weekly candle extended - I expect the weekly to make an effort to close back above - similar to last downtrend (april) Culmination on Sunday the 12 overnight. New downtrend to 5800 will start from 6750-6775
BTC will bounce from 7500 to 8600 then short it from 8600 to 4500
Everything is turning down. Major resistances hit. It's going down. 5200-4500.
Scaling out on the way down, could see 7800 by the 27th. Head & shoulders forming Overbought MACD curving down on 2H&4H Resistance of triangle pattern feb - Jun
BTC retracing to 6000 trendline support and continuing upward move to 7600
BTC losing steam and turning down again.