Historically, when RSI has reached this low on the weekly time frame, as it is now, this has been a good time to buy. Is this time different?
Looking for a bounce here. If Barry Silbert actually went broke then I wouldn’t put much weight into ETC regaining any meaningful strength; however, should buyers step in and provide a substantial influx of capital then it’s likely that we’ll see ETC make a run to the previous highs throughout the next year.
I’m shorting simply based on the unmet demand gap. This chart is just for the ego to follow-up and see how the coin has performed. I’m massively short on a paper trade with a take profit order at $0.20.
Unmet demand at $28,8k and $35,2k needs to be tapped. What better time to do so than at Christmas for a Santa Relief Rally?!
Chainlink $LINK price action has printed an integration symbol on the charts - in my view, this means that LINK has integrated perfectly, as an oracle, into the legacy systems and will function beautifully as an oracle for blockchains. Only time will tell…
Should the DXY break this parabolic trend line I would expect an initial test of support at 110, followed by a further drawdown to ~95. The $USD is likely on its last leg and primed for replacement as the world reserve currency. But what could possible replace the dollar, you ask? My guess is the Special Drawing Right (SDR) - a basket of the top currencies from...