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After failing to hold above the 100-week price average last week near $36,000, Bitcoin has now fallen an additional -15% from last weeks close and is currently trading at $29,200. Bitcoin is now nearly -60% off of its 2021 high of $69,000 and is seeing additional downside pressure this week due to the issues surrounding Luna and UST which is generating fear and...

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The S&P 500 crossed below the 100-week price average at $3,995 today which is the first cross below the 100-week average since May 11th, 2020. The 100-week average acted as temporary support last week, but buyers were unable to hold that level on the first day of trading this week. In the last S&P 500 update shared back on March 6th price was trading near...

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After making a run toward $50k in late March, Bitcoin has fallen back below $40k and is once again testing the 100-week price average for support near $37k. Should the 100-week average fail to act as price support there is secondary support in the $30-34k range as well which stems from lows seen back in mid-2021. If bulls are unable to hold price above the $30k...

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The SP500 is in a downtrend on a weekly basis as price continues to trend below the 50-week price average. Almost every time that the 50-week average fails to act as support, price falls to the 100-week average which currently rests near $3920, or roughly -8% lower than current price at $4260. Should that fail, the 200-week average would be the next area to...

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Bitcoin continues to remain bearish as price inches closer to the lower end of the parallel channel. Lower indicators all show bearish price trend and momentum. Abandon faith, all ye who hold Bitcoin below $33k.

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Putin sent "peace-keeping" troops into Ukraine today after declaring Donetsk and Lugansk as independent. Watching for a move in gold above $1917 for the precious metal party to really get going on the heels of geopolitical risk. We also still have record inflation and monetary tightening by the Federal Reserve planned to start in March which could lead to...

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Solana has formed a Head and Shoulders pattern with breakdown confirmation. Confirmation came with first daily price candle to open below the H&S neckline. Once there is a breakdown confirmation of a H&S pattern calculations can be made to determine lower price points to look for potential levels of support, or targets to buy in at. The first measurement...

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Bitcoin closed out Wednesday with a -$2,378 decline for a -5% loss on the day. Price has fallen near support level 1 in the $40k range which was expected due to previous signs of price weakness shared in previous charts. -Price remains in a short-term bearish channel after falling out of the intermediate-term bullish channel. -Price remains below all moving...

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Following the price bubble peak in 2017 Bitcoin entered a 3-year bear market that saw prices fall from a high near $20k to a low near $3k. As price peaked in 2017, so did the number of unique addresses to appear on the Bitcoin blockchain. As price peaked in 2021, so did the number of unique addresses to appear on the Bitcoin blockchain. If you view the number...

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Gold price closed out 2021 at $1828/oz which is the highest quarterly closing price since Q4 2020. Price is also testing the upper handle line of the decade-long cup and handle formation which if successfully completed would see price well above $2000/oz in the years to come. Gold broke above all short-term moving averages in Q3 2003 which ended the previous...

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MATIC is trending higher inside of an uptrend channel, but is putting in a potential double top. Price is trending above the short-term moving averages with all moving averages in a bullish cross. Lower indicators are all showing bullish trend and momentum behind price. Should MATIC pull back on double-top resistance watch for support in the $1.70-$1.45 area...

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Dogecoin is consolidating in a tight range as price nears the apex of a descending triangle pattern. Price is also below all moving averages with all averages in a bearish cross. Lower indicators all show bearish trend and momentum behind price. Watch for a break above triangle for new rally, a break below triangle for more losses.

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Ethereum is trending lower within a downtrend channel after recently falling out of a longer-term uptrend channel. Price is below all short-term moving averages with all short averages in a bearish cross. Watch for 200sma support near $3350, failure there would likely lead to a dip down near the $2650 support level shown. Lower indicators all show bearish short...

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CRO is seeing weakness after finding resistance @ the 23.6% Fibonacci retracement level. Price is trending below all short-term moving averages and has formed a descending triangle pattern. Bearish price structure w/ mixed momentum & trend indicators. Above .6495 = bullish, below .4795 = bearish.

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Shiba Inu has failed to move above the 50sma after finding resistance at that level for the past week. Price risks falling back into the downtrend channel with a possible re-test of local lows near $0.00002826 which is roughly -18% from the current price of $0.00003560. Lower indicators are all showing bearish trend and momentum behind price in the short and...

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Bitcoin has fallen back below the $50k level after price failed to advance above the purple 34ema for 5 consecutive days. Price is now testing the red 200sma again while also falling back into the purple downtrend channel. First level of support to watch for is near $40k(yellow), secondary support comes in near $30k(yellow). Lower indicators all pointing to...

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$SPY S&P500 ETF. SPY is currently hesitating near all-time highs which has led to a potential bearish triple top formation(upper red arrows) on the daily chart. As price has stayed relatively the same since early November, the lower indicators have all been declining(lower red arrows) which has created a bearish divergence. The lower indicators all show...

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Bitcoin 1/hr chart shows price trending between the 50% and 61.8% Fibonacci retracement levels in a tight $1,800 range. The fib levels are drawn from the recent peak at $57,670(100%) and $42,333(0%). What we’re looking for here is a price move above the 61.8% fib level at $51,811 if we want to see continue gains. Should price fail to hold support at the 50%...