philomath

philomath

XRP looks ready to move up significantly in the coming months. Just like the last time it had meaningful upward price movement, it's above a long-term trendline, its sitting above its 55-month EMA, and the MACD histogram has been steadily moving upward portending a bullish MACD line crossover.

philomath Updated 

Zoomed out, SPX broke out of a trendline and is beginning to form higher highs and higher lows.

philomath

There appears to be a correlation between the U.S. NFIB Business Optimism Index (USBOI) and the S&P 500. When the Stochastic RSI of the USBOI was oversold to the 2.67 level, the S&P 500 tended to outperform thereafter. Interestingly enough, this signal is currently oversold at that level meaning the S&P 500 could rebound soon.

philomath

The bullish RSI trendline crossover is indicating a bottom for 20+ year U.S. government bonds. I expect the stock market to follow bonds in the rally to higher prices.

philomath

ETHBTC is breaking out of what might be an ascending triangle pattern with a nice bullish candlestick. Together with the bullish MACD crossover, this signals higher prices ahead for crypto.

philomath

The S&P 500 will likely bounce off current support next week based on previous price behavior. Since Bitcoin price action seems to be correlated to S&P 500 price action lately, that would be bullish for Bitcoin.

philomath

While a short-term pullback may be coming due to the steep price rise, the bullish crossover of the 55 daily EMA over the 200 daily MA tells us HBAR is just getting started.

philomath

The Money Flow Index (MFI) divergence is signaling higher prices ahead for Bitcoin soon. MFI uses both price and volume to measure buying and selling pressure. A bullish MFI divergence forms when price moves to a lower low, but MFI moves to a higher low - indicating increasing money flow/momentum.

philomath

Is GBTC predicting bullish times ahead for BTC?

philomath

It looks like the next target for Bitcoin is $8,000 to $9,500.

philomath

The stock market should continue to rise in 2020 based on the bullish 2019 candlestick so far.

philomath

It looks like the stock market will continue to rise. Take a look at the MACD. :)

philomath

It's looking like we've reached/are close to a bottom with BTCUSD.

philomath

XRP is looking bullish. The month of December should be very interesting.