Allenvik

Allenvik

I still think BTC is heading to the baseline support around 12k, I am talking about further down from here below capitulation, moving further into desperation territory, followed by a long consolidation period. Why? because the downtrend haven't changed yet, together with equities cryptos are in a bear trend IMO. Bearish points: The 50ma has just crossed above...

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Hi there, here you can see how Silver is playing out the game quite nicely, which tells me it continues under the chain... Anyway, I expect it to keep moving on this channel, maybe to retest the near low. So long traders.

Allenvik

Gold is stuck in a channel, in between influx of capital looking for safety and liquidations due to the worsening in the economy landscape. It has been always the case for Gold. Call it a conspiracy or not. The rise in Gold value usually reflects crisis in the economy, which means financial trouble for many, and the liquidity of Gold means it is liquidated in a...

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The trend is showing a rapid decline in capital store in BTC, and if nothing changes is very likely that BTC will finish this trend back to the all time trend line. The area of interest is around 10k for a 'possible' floor where prices could stabilize, however, bottoms and tops prediction is illusive as the end of a rainbow. After watching the latest devastating...

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The bear trend is clear, and is here to stay IMO for couple years. Nothing to indicate otherwise specially with all the negative data coming from the economy and geo-political landscape lately.

Allenvik

For those that still don't understand what is going on, we are in a Bear market for a while, and it seems that this trend will continue for sometime, perhaps years.

Allenvik

Since mid 2020, when oil bottomed, oil started a massive bull trend, fuelled mostly by geo-politic reasons and supply, there is no sight for where it can move to. In fact we think oil could well exceed $200-$300 if the European conflicts are expanded. At this stage, only oil is steadily moving higher in the financials, followed by the housing that is somehow...

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Whatever you think was the catalyst for the BTC latest pullback, the reality is that a further advanced has been blocked for now, looking at the chart, in a very speculative view, I am asking myself, could we be on the way of a giant h&s? I know is too early to say for sure where we are going, nevertheless being able to predict the future was never a straight out...

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Just had a look at XAUBTC, and could only fit 5 years in a chart, and Gold lost nearly 99% against the BTC astronomical rise, if you go 10 years, the lag is nearly 100%. Now my guess for the real inflation is about 15% per year for the past years, from now more than 20%p.a. Gold did gain nearly 60% in the last 5 years, so you could say it does keep purchasing...

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In a longer time perspective, ADAETH seems to be indicating a possible bullish swing for ADA. I would watch it closely.

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I believe SHIBA will be $0.01 cent or over within 48 months or less! Why? because Shiba has nothing to do with investing, but it carries the pure speculative non-logic reasons that took Doge and many other cryptos from nothing to massive gains, some with thousands percent valuation. Now, you can believe me or not, but IMO it will happen. Shiba will gain stupid...

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I couldn't ignore the ADAETH chart, that is showing IMO an impending ADA explosion for the upside, a great opportunity to hop in on a possible ADA rocket that could last couple weeks, with positive gains for ADA against ETH and BTC. Will see what happens.

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Gold has been depressed in 2020, for several reasons. However with inflation creeping up, it will be difficult to hold it below its ATH, that is just 8% away. Back in 2019, I expected Gold to retrace a lot deeper the last major impulse FIB for the monthly view, it turned out that Gold did better, and stayed around the 38% retracement, a sort of bullish thing I...

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ETH lost some confidence during the lows on BTC, when BTC revisited the 31k. No knowing the future, heavy bag holders of ETH, sold their stakes making ETH lose a lot of ground over BTC in the last 2 weeks. However, now that BTC was able to make a bullish move and recover the 39k, ETH investors are starting to realize the opportunity to get back in, and so I...

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As said on the last idea, BTC has bounced above the 61.8% in a double bottom at 31k and it seems to be now moving higher. I would expect BTC to at least retrace the 50% Fib from the last major move, but likely it would go as high as the 61.8%. So the interesting levels to watch here, would be around 45k in the 50% and 48.5k in the 61.8% IMO. Even if this turns...

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As I suggested in my last view, the break down in the wedge on BTC below the 36k, was really bearish, and it was dragging the whole cryptos with it, including a complete loss of confidence on ETH, which led heavy bag holders to dump it in desperation, making ETH lose a lot of ground against BTC. Anyway, I suggested as my primary view, that BTC would resume its...

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It is not looking good for the crypto market, despite my positive view over the total market cap chart, BTC is looking really bearish here. It is about to deep below the 61.8% retracement and below that we have some support at 20k and 10k. Using a simple ABCD harmonic projection, the end of it is around 10k... really depressing for the crypto community. Anyway, my...

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Despite our optimism, BTC is about to break down from this massive bearish rising wedge, most likely down of course. The lower end of this can be as low as 20k, saying that I rather think we will retest the lows in a double bottom fashion, unlikely, but possible. So I suggest that we will not breach the lower end of the FIB below 61.8%. Total market Cap however it...