All my bags are packed and I'm ready to go. All assets seem to be in decline. Bitcoin has stopped going down and seems to be charging up for a long grind back to double or triple the current price. Eventually 69k and slowly to Mars. Please consider using the Bitcoin Buying Opportunity Index (BBOI) going forward in place of a traditional price candle chart on the...
On the 28th of March the VIX dipped below 20 giving the signal that the market was on your side if a trim was in your investing plan-didn't fit with me since I'm long until we over shoot (around $155 short term). Today we are right back between 20 and 30. This could be a good time to add to positions like Luna if that fits with your investment strategy. $77.51 is...
It's official! LFG.org has bought ~1 of the 3 billion UST worth of Bitcoin to serve as a depeg back stop. Seems that this buying is one of the catalyst for digital assets taking off a bit lately. The chart still looks like a cup and handle to me. That would point us to around $160 on a big, first pulse. Also looking at the low 200s if Luna FOMO kicks in. Most...
Kash.io has finally added US ACH deposits, Plaid integration and FDIC insurance for USD deposits. Please comment if you have been able to use the full services in another country (I can only comment on my own experience so far as a USA client). Kash is working with Prime Trust to take deposits and offers direct access to Anchor protocol, UST, Luna, and a debit...
Could be the massive amount of BTC being bought to help support stable UST or it could be that the whole market is bubbling up. Luna look highly peppy to me at this point. 1 hour pointing upwards, 4 and 6 hours are about to print bullish twist above the cloud (max bull signal in my mind), 12hour and daily charts look happy enough and will likely look even nicer as...
Maybe the cup and handle already popped off and this is the retest down?
100% Technical. I'm going to work on a post that lists new fundamental drivers of UST growth and resultant Luna price action to the upside. For now I'll just guess that a cup and handle is filling in here. Do want to say that Wisdom Tree, Ritzholz, Titan Investments, and many smaller asset managers are adding Luna either directly or through ETP crypto indexes....
Nothing new to say about Luna really. Just the crab market holding back immediate all time highs. Check out KASHF on the Canadian exchange if you need to see a bullish move on related news. Kash.io recently started to roll out USD deposits from banks in the United States, this news lead to a +30% move up. Looks like the 20 period EMA on 12 hours is as good a...
LFG.org has released the third and final announcement regarding marketing, development grants/funding, and UST reserves. The one billion dollar investment in Bitcoin to serve as a back stop to UST comes at just the right time to support a general risk on mood after the February pull back. Technically Luna has looked solid during the past few weeks. Finally...
Terra has all sorts of things happening, from a Washington Nationals sponsorship to a multiple payment apps going live this quarter. From a technical standpoint it looks over sold and ready to climb slowly toward $100 again. This drawing includes a pitchfork to capture the current trend (fresh, but likely) and a 730 period moving average with a multiplier to...
Long term target for Luna is very difficult to predict since the market is still developing. Clearly there is room for multiple digital asset ecosystems that work well together and offer compelling financial products. At this point it appears that Luna will be one of the major winners in terms of asset growth during 2022. This could be a temporary parabolic rise...