If something similar happens like the 08' financial crisis this is what I expect for the King of Commodities: Supporting fundamental aspects: -3mo rates > 30 year! -Global debt now exceeds $244T. Highest level ever recorded and 3X higher than Global GDP! -Geo-political tensions -Sovereign debt experiencing negative coupon rates -TRUMP Somehow the SPX is...
Chart says it's all. Moving average: 200 Monthly Average Always buy the SPX since 1974 when RSI hits oversold reading. Please don't listen to crypto analysts that say the equity markets are dead. Here is my advice: It doesn't matter what market you play they all operate technically the same on Greed and Fear index. A chartists job is to measure the Greed...
*The best way to make money in crypto is to wait for the extremes!* Never fall for FOMO. Alt coins continue to bleed losses during $BTC consolidation. This analysis is based on my prediction that Bitcoin will sustain 30% losses for September falling to the low 6k's, before going parabolic bull in Q4. On the daily chart LTC is near oversold levels on RSI and...
Bitcoin has shown a lot of resilience during this consolidation phase. So much so I'm having to go from bearish to neutral. Although I'm keeping my next buy target in the lower 6k's by September 30th we are once again treading water in an unknown phase. We will see a big move soon, but it's anyone's guess as to which direction we will go. All indicators are...
Ethereum has been in a clear downtrend since June peak and fighting to hold two key Fibonacci levels the 127 to 141. Bitcoin dominance nearing 70% the alt-coin market has been struggling a lot during this consolidation phase. My trade plan with ETH/USD: I called a $324 ETH price back in March and I don't see any relief for this major cyrpto as the directional...
Follow my twitter for intra-day and daily updates. I haven't been as active on T.V. but looking to post additional content. BTC is still in a clear downtrend and until prices break above the blue horizontal resistance at $11,300 the trend has not reversed. The DMI indicator shows that the ADX is still neutral between the bulls and bears since the black line is...
Follow me on twitter and check out our exciting Youtube channel (links below)!!! Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Thanks, Bobby PS - Always feel free to message me on...
Follow me on twitter and check out our exciting Youtube channel!!! Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Support: 61.8% at 3,920 then $3,620 to $3,800 Resistance: $4,000...
Hi all, Just a quick report on Stellar for those of you trading the pump listing on Coinbase Pro. If you missed the train I'd wait for a pull back to the green region I have highlighted. Support: Finding support at EMA 5 and 38.2% retrace. Resistance: 61.8% at $.12. XLM hitting BB upper band. Multiple indicators showing overbought or near (stochastic,...
Indicators: Bollinger Bands + CCI Use to identify overbought and oversold areas Assume this range sticks until proven otherwise Can use this method in all time frames and across most assets which are ranging If $3,600 breaks I'm out of the market as I will wait for a retest back to 200 Week MA at $3,400 for possible longs. Never have naked orders out there. ...
A recent coindesk article has gotten a lot of attention in regards to this bullish cross over that could be taking place soon on the daily charts between the 50/100. Although this is great to see I wouldn't get too excited. If 2015 is any lesson expect these moving averages to play criss cross for months to come. This isn't bullish or bearish it just signals...
Hi all, I'm seeing some bullish conviction on the 12hr chart which makes me believe there could be a breakout move by BTC. The P-SAR has been printing positive momentum for the past 5 days now and counting. Let's take a look at supports and resistances that could support such a breakout. Supports: 1 - We have not traded below the 38.2% at $3,625 since Feb...
Follow me on twitter and check out our exciting Youtube channel!!! Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Resistance: 61.8% at $3,920 Support: 31.8% at 3,620 Stop: $3,600 or 2%...
Follow me on twitter and check out the exciting Youtube channel!!! First live event today. Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Resistance: 61.8% at $3,920 Support: 31.8% at 3,620...
My short -term play. Entry price: $3,713 Resistance: 618 Fib at $3,925 Support: 382 Fib at $3,625 Stop: $3,850 (moved this up from break even). Trade setup: I moved up my stop from break-even. As expected and what I've been saying for awhile now is that the 618 Fib extension from December low is going to be a huge resistance area for Bitcoin. ...
Support and Resistance Hi there, Is it time to buy TSLA? Need to watch Nasdaq closely on profit taking pattern from traders. Buying TSLA at the 200 Week line has always been a good investment for buy and hold. Support: 200 Week MA $271. Resistance: $379 Stochastic: oversold RSI: Bulls lost the 50 territory and bears have upper hand on momentum ...
Follow me on twitter and check out the exciting Youtube channel!!! Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Resistance: 61.8% at $3,920 Support: 31.8% at 3,620 Stop: $3,600 or 2%...
Follow me on twitter for more constant updates. I'm very active on there for intraday updates. Smash the Like + Follow if you found some value. Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why? Resistance: 61.8% at $3,920 Support: 31.8% at...