otokesan

otokesan

Bitcoin forming an ascending wedge. At some point may break it to the upside, reaching targets of $84000 potentially $120000, (Early 2022, Jan, Feb) and then initiate bear market around 6 months. To resume around September.

otokesan

The Cardano ecosystem is being built as we witness a macro economic environment that is starved for technology and inflation hedges. New stock industries. New asset classes. Everything goes up, Meaning technology is not high on the checklist for investment. But in the long run, despite pump and dump markting schemes, only solid technology will survive bitcoin's...

otokesan

With inflation being transitory for longer than we expected. We can expect that historically considered safe havens will do well relative to our currencies. Gold, Japanese Yen, Bitcoin.

otokesan

Fibonacci Circles is another indicator based on the Fibonacci Sequence used in technical analysis. It is created by drawing a trend line between two extreme points. To get the trend line inclined at 45 degrees, and the circles perfectly round, keep the Shift key pressed while drawing. Source: Trading View

otokesan

Using Pi Cycle Top indicator, Fib channels, and connecting trend lines, we can project three price levels at which to take profits. This is for hodlers not for traders as it's kind of ambiguous and long time frames. Hope it helps.

otokesan

Raising yields make bonds more attractive relative to stocks. This would trigger a stock market correction in the US. In orange, it's noted increased Volatility which builds up as we approach end of trend. Inverted Head & Shoulders pattern is a trend reversal pattern. The head being a below trend capitulation. Does this mean the market expects higher inflation...

otokesan

Two possibilities, A) We stay above yellow trend, or follow more moderate path. At any rate, Up Only from here! from a fundamental analysis point of view, there's plenty of liquidity now, China is just finishing deleveraging. Will restart the credit cycle very soon, just in time to show great economic recovey by the time of Beijing Winter Olympics

otokesan

ADA may over perform bitcoin and other alts, as the Cardano ecosystem continues to grow and announce new capability.

otokesan

We are forming an ascending wedge that could nicely break down to $42150 range, find support and continue estabilizing above 20 weekly moving average

otokesan

The crypto market is maturing into a whole new asset class on its own right. As such it does follow its own internal cycles. Primarily driven by bitcoin and the alt season cycle. In the chart we observe 3 major trends in color. Subdivided in channels. Also please note the 1st December dates marked below. Indicating the start of outperformance of eth and other alts...

otokesan Updated 

Based on simple fib channel extensions and extrapolating past performance, cyclican price action. Fundamentals never been so strong. Only 2 solutions to resolve current macro picture are hyper deflation (great depresion scenario) or hyper inflation (weimar 1920). Both are based on a fundamental flaw in the fiat money system. Most likely scenario is a mix or...

otokesan

Historically summer is not good for risk assets. Mediocre to weak performance. September is tipically the moment things start to pick up pace again. Boomers: "Bitcoin is a risk asset" Millenials: "Bitcoin is a safe haven" Both are right. But time is on our side. Price action on BTC is programmed as the network is invincible. And there is only 21M...

otokesan

ChainLink continues to explore new areas. Not too overbought from a fib channel point of view. But making lower new ATH (white arrows). Losing momentum. Could be a sign of incoming longer consolidation. Great project should continue to attract new users and investors pushing price up.

otokesan

Interestingly lower fib bands next cycle are higher in price than todays top bands.

otokesan

IMO Flow is very cheap right now. Great long term potential. If Bitcoin holds, this could be a good entry point. However Bitcoin needs to resolve first. Decide direction this week potentially.

otokesan

Update on previous thoughts. Pretty much the same. Chart cleaned up. $BTC #Bitcoin

otokesan

Playing with halving dates and fib channels. Found some seasonality to cycles. Not investment advice.

otokesan

Long term the picture is quite clear. Matter of time till we reach multiples of today's price. What matters is the network and onchain metrics, which are all healthy and expanding. Sort-term trade with caution. We seem to have just broken above a bull flag.