funtimes

funtimes

The yen was screaming towards the next historical resistance at 147, and the Bank of Japan stepped in with a sudden red candle to support the yen. They say they will continue to do so as it approaches 146 again. We were not operating in a "free market" before, and now we are even farther removed from one. The big banks in Japan, the US, and Europe are spending...

funtimes Updated 

We had a break of the descending resistance line to the upside. I'm watching this well-formed arc to provide resistance at 141. If it fails to break through, I'm watching for a long downtrend into mid 2023 towards 126. Longer-term, I'm still looking for 200+ as the dollar continues to suck power from everything weaker. Good luck, enjoy.

funtimes

I am hearing institutional and perma-bull voices calling for the bottom is in, we've already seen all the leverage flushed out, etc. It's one possible scenario, but this does not look like a bottom structure to me. And my gut feeling is there is much more pain ahead in global markets. If this rising support breaks (it will), it looks to me like BTC is headed for...

funtimes

The channel broke and has now been reestablished. Let's watch for which way the channel breaks next. I have no prediction, just watching for a break of this channel and establishment of the next trend. The BOJ's easy money policy has been backed by Prime Minister Kushida, who will most likely stay in power for some time. This pair is going to 144 this year, 204...

funtimes

Although we are near bottom support on the long term chart, there is always the possibility of a flash drop below support as happened in March 2020, before the support line was re-established. Bitcoin still has a long way to go if it is to get to $100K+. Realistically, we need to set our sights on the 4-8 year timeframe for that. Where does it go after this...

funtimes Updated 

PANIC!! BITCOIN IS DUMPING AGAIN!! ALL OF THE FUNDAMENTALS AND BULLISH CHARTS WERE WRONG!! $11K INCOMING!!! Hahaha... NO. Understand what it is we are doing. We are accumulating generational wealth for our families and communities. We are supporting an open, borderless, uncensorable monetary system for humanity. This is big stuff happening and it's not going to...

funtimes

The confirmed inverse head and shoulders pattern is pointing us to 204 yen per dollar around October 2026. There may be a retest of the 125 area where the neckline is drawn before continuing past the current resistance at 134. If we get another chance to sell yen at 125, back up the truck. All of the macro factors are aligned with a weakening yen, as long as...

funtimes Updated 

If you have been following my last few BTC charts, clearly you are liking what you see and playing this perfectly. You can see a few clear patterns formed on the daily chart over the last 9 months. First is the range formed in grey in the background, lining up the $65K and $69K ATH points. Next is this beautiful yellow arc with many clear touch points,...

funtimes Updated 

Can LINK retake the former support level at 0.00036 BTC and find its way back to the top of the channel and beyond? Or is this retesting the support flipped resistance before a momentous drop? The next week should tell us clearly. If it retakes support, it's bound for .00055 BTC + If it falls below around .00032 from here, time to cut losses if you've been...

funtimes

As I was charting these lines yesterday, I thought to myself, "wouldn't it be interesting if the price hit this cross and bounced?" Here it is. Just dead on. Now let's see if it bounces back into bull mode, or it gets to the arc wall I drew in my previous post linked below.

funtimes

On chain metrics show whales are coming in to buy, including Do Kwon and the Luna UST treasury reserve stating they will buy $3 billion in Bitcoin , and have already bought half a billion in $125 million batches. An obvious pattern on the charts is the timing of "green dildos," big green candles with a choppy consolidation in between them. Here we have a 4-hour...

funtimes Updated 

Following up on the last couple of BTCUSD charts (which I nailed and was able to stack at the lows). The wedge formation is playing out towards the green arc wall as expected. I expect a test of the $45K area before a rejection and drawdown to $42-43, where it forms a touch point on the right side of the green arc wall. Most people will be expecting a retest of...

funtimes

If Chainlink retraces to Fib level .618 as it did last time it broke out of a similar descending wedge, it will get to the $28 range in April / May. Regardless, Chainlink has clearly shown us a break to the upside and it's time to run! Will it outpace BTC as detailed in my previous chart... we have yet to find out. Holding on for now and watching both charts for...

funtimes

Greetings crypto enthusiasts, traders, and other beautiful people who found this chart. I'm sharing a new development on the ETHUSD weekly chart, and where price is saying it wants to go from here - it wants to retest the ATH by summer. The red arc that had been playing out since June 2021 has been broken definitively to the upside, pointed at with the grey...

funtimes Updated 

I am seeing the majority calling for $20K BTC and even lower. Yes, that scenario is possible. However, I don't think it's probable. Let's be patient and see how this choppy, roller coaster few weeks play outs. It is showing us some nice patterns. A range, an arc with a few exact touches, and a range within a triangle. If the arcs, range & triangle supports...

funtimes

There is a lot I've drawn here so let me break it down so your eyes can see what I see. Start with the range in grey. The top of the range is clearly given to us by 4 exact touch points (red arrows pointing down). Next look at the red dome arc, that was kind enough to confirm for us with no less than 5 exact touches (blue arrows pointing right). That red dome...

funtimes

We are seeing a retest of an arc that had been playing out since mid-2021, and then broken out of a week ago. Exactly as I predicted in the last post, the retest started at $40K and can go as low as $36,500, where the support is and where it will start to form the next upward trend If confirmed, this trend will bring BTC to $75K+ in late April or early May. In...

funtimes Updated 

There has been a breakout to the upside of the red arc BTC has been following for months. We also have an uptrend target implied by the range and a new upward-trending arc shaded in green. It will take around 2 months to complete, and then let us know if it is breaking out to the upside or following another arc back down into the high 30s / low 40s. Keep in...