fatjohn

fatjohn

Cant really say what's going on here. It is an interesting chart though so I'll just post it so we can keep an eye on it.

fatjohn

Monero might try to go on a significant run higher here. Will perhaps try to find some support from the steepest trendline drawn which will ultimately fail until a lower trendline will be tested. Wait for a substantial rally, sell then and wait for test of lower trendline.

fatjohn

This stuff is way beyond technical analysis for sure.

fatjohn

This analysis builds on previous charts made linked below. Ether has successfully tested and a new multi-year trendline. This pattern of breaking a multi-year trendline to the downside during a bear market and establishing a new one during the bottoming process has returned time and time again in crypto markets. The new trendline dictates that Ethereum is going to...

fatjohn Updated 

Ripple set to blow. Could take maximum 70 days for the formation to establish. Probably a lot sooner.

fatjohn

Ripple is looking very good here. Clear wedges in both USD and BTC markets. BTC support now at 0.00006750 and rising with 0.36% a day. USD resistance now at 37 cents and trending downwards at 0.29% a day. If bitcoin makes a move higher, which I anticipate, Ripple is likely to take the lead in the altcoin dance. Ripple cannot stay in both wedges (beneath 37 cents...

fatjohn

This is no news to anyone who follows the stock market but this is just to put it in perspective how bad the EU is doing. The euro is lagging, getting close to parity with the dollar and the stock market in Europe has gone nowhere for decades. If you took all your money out of the Eurostoxx in '07 and put it in the S&P you would have had 3,5 times as much if you...

fatjohn Updated 

According to S-curve adoption, tech gets adopted in an S-curve pattern which is exponential at first, linear when it hits the mainstream and then flattens out when full adoption has been achieved. I follow this reasoning with Bitcoin and while the day to day, week to week, month to month and even year to year movements are too short to see this S-curve pattern,...

fatjohn

We've now seen a couple of tests of the idea layed out here: "According to S-curve adoption, tech gets adopted in an S-curve pattern which is exponential at first, linear when it hits the mainstream and then flattens out when full adoption has been achieved. I follow this reasoning with Bitcoin and while the day to day, week to week, month to month and even...

fatjohn

This chart depicts the gold price in dollar for the next decades. As a background it is highly recommended to view my idea here: This chart depicts the US gold reserves divided by the interest on debt. The interest on debt is calculated as a proxy by multiplying the 10 year interest rate with the total federal debt. Whether this is accurate or not is not so...

fatjohn

This chart depicts the US gold reserves divided by the interest on debt. The interest on debt is calculated as a proxy by multiplying the 10 year interest rate with the total federal debt. Whether this is accurate or not is not so important as we just want to compare this ratio with its historic values. It is important to note that official US gold reserves have...

fatjohn

I stumbled on this incredible trendline that is giving support to both the Bitcoin market and the Gold market. It seems like Bitcoin has been mimicking its bigger brother in order to find support. Note that there are 5 tests of this trendline and that they occured in both markets! Test 1: First low signalling the end of the first bear move in the longer bear...

fatjohn Updated 

Update from January. Seems like Kirkland lake's announcement of 1 million ounces was enough to get the investors to keep rushing in and create support where there once was resistance. If you are like me and it was enough to keep yourself into this play we now may want to stick around a little longer. There are two ways to play this: - Wait till the support line...

fatjohn

The yield curve is still in a bear market. Downward trending resistance at 3.1% Once that is broken, it could easily go up to 7% which will act as a magnet due to it being a historical support line (1973-1992) and resistance (1992-2000). This would be disastrous for the US government as interest on debt would rapidly rise. More fundamental reasons of why the yield...

fatjohn

Is offloading debt. If this goes any higher it might go on a run. Unlikely given the bigger picture. So wait for a break.

fatjohn

Kirkland lake has had a good run the last few years. Mining some very cheap gold in stable countries like canada and australia and increasing its output year after year, this darling has been a 10 bagger in just 3 years in a quiet gold market! All good things must come to an end and while I foresee gold to still do good the coming weeks, it might be the last...

fatjohn

Mood is shifting for crypto. Ethereum took the lead and might do so for the next weeks. Target is 0.055 BTC. Might coincide with 300 USD and 5500 USD/Bitcoin. After that cooling down and finding some support.

fatjohn

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