In this analysis, I will explain my reasoning behind my prediction that there will be a short term bull market in Crypto. This analysis relies upon several indicators, and extracting buy signals from each. To begin, I'd like to look towards the squeeze indicator at the bottom. Every time that there is a flip from negative to positive, positive price action occurs...
Hello all once more, not saying I told you so or anything…. Sike! The bull flag play worked beautifully, and ETH is printing $$$. New All Time Highs seem to be happening every day, and this bull run is insane. However, you might ask, won’t there be a pullback? My answer to that question is a resounding no. In fact, the pullback already happened. For this analysis,...
Hello All,
I think its time to address the Elephant in the room. Ever since this whole crypto experiment was on the brink of collapse just two years ago, it has amazed me how Bitcoin managed to keep its monopoly on the Crypto market cap for this long. However, while I think Bitcoins price actions has substantial impacts on the overall market, that sentiment is...
Hello all,
Here reporting again on my Eth/Btc analysis. The price movement of the ratio over the last couple of months is extremely reminiscent of the ratios price movement between November and January.In both cases, there is an initial bear market that lasts 1-1.5 months, soon follwed by a trend reversal with a bull flag forming. After the bull flag formed in mid...
Hypothesis: There will be a large movement in the BTC /ETH ratio.
Evidence:
1. Ratio has been in a bear trend since September 2019
2. Price is at middle bollinger Band
3. Price tested and is in the process of failing the 30% retracement level
4. Bearish divergence on the Squeeze Indicator
5. Bearish divergence on the Awesome Oscillator
6. Testing resistance...
This chart ( USOIL / DXY ) Is the price of oil in relationship to the strength of the US dollar , expressed as a ratio. First, Lets look at price action. The current value is near a major trend line stretching back to the 2018 top and including the 2020 top.The second trend line sees the price also rejected another buy zone back in November. The third trend line...
