bullish on uranium and expect this ETF to breakout soon Support: $17 Resistance I: $43 Resistance II: $100 According to Munro, who is co-chair of the World Nuclear Association’s Nuclear Fuel Demand Working Group, “we are on the cusp of a new nuclear age in which decarbonisation imperatives collide head-on with unrealistic expectations of renewables...
A deep correction from here could allow us to reset before making a true generational market top. I will elaborate more in attached posts, but just a possible idea for price path from a 3-5 year perspective.
As you can see, the S&P 500 index closed at a higher price on March 2nd, 2008 than it did on August 1st, 1996. However, it closed at a lower price on March 1st, 2000 than it did on March 2nd, 2008. This means that if you had bought the S&P 500 index on August 1st, 1996, you could have bought it again on March 2nd, 2008 for slightly cheaper. However, if you had...
In analyzing the market dynamics, the value of BTCUSD plays a significant role. Nonetheless, in addition to BTCUSD, I am keeping a close eye on the BTC dominance percentage, which measures the dominance of Bitcoin in the cryptocurrency market relative to other cryptocurrencies like Ethereum (ETH). If the BTC dominance percentage breaks out, it means that Bitcoin...
The tether market cap dominance, which refers to the percentage of the total cryptocurrency market cap represented by Tether (USDT), may provide some insights into the overall health and sentiment of the cryptocurrency market. Tether is a stablecoin that is "pegged" to the US dollar, meaning that its value should remain relatively stable compared to other...
I think using USDT.D to mark general crypto tops and bottom is an underrated tool... Tether has a $68 billion market cap as of today (10/5/2022) which ranks as #3 behind Ethereum and Bitcoin. Tether also has $44 billion volume in the last 24 hours (10/5/2022) which ranks #1 and USDT is consistently #1 in volume. Bitcoin: $386 Billion Market Cap and $36 Billion...
Ren 2.0 will be the network that powers Ren ecosystem growth throughout this exciting new chapter we’re about to embark on. Its primary advancements will be decentralization and security, supporting generic application logic on top of Ren, an improved MPC algorithm that’s more scalable and able to support more signing schemes, and optimized tokenomics to further...
up from here before making cycle lows? repeating last cycle price moves? unlikely but would put most people offsides. lets see what happens from here
using Nasdaq futures to monitor the long term trendline from 1999 till now... we violently broke the trend in 2008, but bounced beautifully in 2018/2020 and I think we soon get a decision on how price will act this time around... it should also let us know what to expect for tech valuations in the coming months/year!
I think we bottom around 500 billion for total market cap while continuing to respect the long term channel. I don't pitch this as some deep analysis but I think simple channel patterns on a big time frame are really helpful in understanding where we are in the crypto cycle.
most of this will depend on BTCUSD, but Im watching to see if BTC.D percentage will break down from here or reverse up... BTC.D breakdown = possible altszn vs. BTC.D reverse up = possible btcszn .. all depending on BTCUSD... we will keep an eye to see what happens and can then better position BTC/Alts/USD accordingly
TSLA downside looks like it's just getting started... TARGET 1: $522 TARGET 2: $350-$400 TARGET 3: $275 TARGET 4: $185 I don't know if all downside targets will happen, but I think we see $500 range relatively quickly and can reassess from there
big move coming for the DXY... TODAY: DXY 99.58 on April 14th, 2022 ATH: DXY 164 on Feb 26th, 1985 ATL: DXY 70.70 March 11th, 2008
Inflation Hits Fastest Pace Since 1981, at 8.5% Through March Gasoline weighed heavily in the increases, while prices moderated in several categories. Some economists say the overall rate may have peaked. Inflation hit 8.5 percent in the United States last month, the fastest 12-month pace since 1981, as a surge in gasoline prices tied to Russia’s invasion of...
$37,000-38,000 (first support) $28,000-$30,000 (second support) $18,000-$20,000 (third support)
ETH/BTC ratio is still consolidating after having a lower bound range breakout... previous price moves from these ratio levels have been significant and we should continue to keep an eye on the ETH/BTC chart to see if the ETH to BTC price continues the bullish breakout after a multi-year consolidation... I am personally bullish on both Bitcoin and Ethereum, but...
I think Bancor looks super bullish with its chart setup, but Im also leaning on a breakout for Banor because of its continued protocol usage growth, measured by the growing daily generated protocol fees and this is especially true when compared to similar DEXes fees generated to market cap... also, if ethereum wallet activity is any indicator, the increased...
HEGIC states they are: "THE SIMPLEST OPTIONS TRADING EXPERIENCE" and after playing around with their protocol, I think there is real potential for the protocol... they need to continue growing their protocol adoption/usage while also generating fees... the HEGIC token is the platform's native token and has a right to claim a share of the protocol fees (1% of all...