It looks like Ethereum will gain huge dominance in the markets. This example shows ETH over BTC. Great multi-year consolidation with confirmation.
Good luck.
It looks like DXY is finishing wave 2 correction in this huge, multi year pattern and it is getting ready for the next impulse up - wave 3.
So most things denominated in dollars like cryptos, gold, other currencies might start loosing value. We already see quite big downturn in cryptos, and that will resume for quite some time.
Wave 3 of 5 impulse waves very...
s3.tradingview.com
This is longer term chart of BTCUSD . I think we just completed 5th huge impulse wave. I don't want to think what happens when this structure (channel) breaks in the future so lets not think about that yet.
Right now i have a reason to think the trend is about to change. With the trend change you are going to hear a lot of 'hodl' or 'dca' or...
Long term chart of USDPLN
Charts like to tell the future. That is why i treat them like a magic device.
Despite huge PLN inflation at more than 4% it looks like it will grow stonger against two giants like USD and EUR. Both charts look very similar.
Saving this chart for future reference.
Good luck.
It looks like PLN will get stronger despite the inflation.
Isn't it perfect to get everyones attention to growing money supply (inflation) and at the same time make the currency stronger?
How is that possible? I am not a fundamental analyst so i can't tell you how the mafia operates but one thing for sure is the less people know, the more money for those that call...
Good entries might be found on confluences.
Waiting on something substantial, right now we are in nowhere land. We might break down further or we might just bounce in tightening range forming wedge .
Selling holdings right now is as risky as holding them. Big chance they want to shake the tree and watch the weakest leaves fall.
Lets not guess what will happen....
Here we have XRP and trying to find similar patterns. Since we are bullish near term on bitcoin we are bullish on major alts aswell. Law of diminishing returns tells me bitcoin will provide smaller gains than some of the alts. Unfortunately most of them are nowhere near real world usage and backing from real players. I think XRP is an exception and will be the...
Can it be? Sure, everything is possible. History repeats itself right?
We all hope it does, trading in this market is very hard and not many can do it.
Given the global conditions we are in right now major cryptocurrencies will gain, it is important to position yourself well and not get shaken out by sudden drops that kill leverage traders. At least most of them...
