Our Biyond Vanguard 2.0 model has flipped to slightly bearish on the weekly time frame for the first time since October. Biyond's colour-coded quant mode Vanguard 2.0 differs slightly from 1.0 version on our website as it tracks real-time closes rather than confirmed weekly closes on the 1.0 version. An Orange close this Sunday will likely mean we break the...
One potential negative catalyst for crypto over the coming weeks could be the move higher in the DXY. I think the Euro in particular is going to get crushed to a new all-time low as the FX market prices in just how dynamic the USA economy is going to become versus the ultra constrained Eurozone econony. This is likely going to be a catalyst for Bitcoin and crypto...
Bitcoin could be forming a Head & Shoulders pattern right now and what transpires over the coming days will likely be crucial. A few key points. - These types of patterns have a significantly reduced chance of playing out during bulls maret - Various charts I've seen have shown a broadening expanding wedge, however, it sure does look like a complex H&S playing...
Current track Ethereum for a correction down towards and slightly under it's 200-day MA. This week we are looking for a potential minor new high and then a drop. Looking at the attached chart this would mirror the pattern structure from left to right, i.e completing the right-hand shoulder. The areas $2,800 and $2,720 I believe are strong buy zones for $5,200...