Markster

Markster

This chart shows a macro fractal in bitcoins price that cannot be seen when pricing bitcoin against US dollars. It can only be seen using the inverted Gold/Bitcoin chart. As fiat inflates, loses value, and ultimately collapses it is clear the Gold/Bitcoin pair will become the single most important currency pair. If this fractal holds any weight then we might...

Markster

Bullish symetrical triangle breakout. Target $1950

Markster

Chart speaks for itself really. We will follow this upwards sloping trend channel up while bouncing between the red support and resistance levels before breaking out for a run to $20k by December this year. Happy trading, please leave a like! *not financial advice :)

Markster Updated 

Since 2013 Gold has been below $1400 USD per ounce trading in a tightening range. It has spent the last six years trying and failing to get back above $1400, in the process creating what can now be viewed of as a Bullish Ascending Triangle. A break out above this formation is a very bullish sign and Gold didn't disappoint breaking out decisively and with large...

Markster

The next few weeks should be very bullish! Target above $11500.

Markster Updated 

The weekly parabolic SAR is about to turn bearish for the first time in almost a year. It previously turned bearish in December 2017 at the peak of the market and again in August of 2018 before the 50% fall from $6k to $3k. It also turned bullish right before the breakout above $4k and subsequent 250% rally to $13,800. It is an insanely accurate momentum and...

Markster Updated 

Previous Target of $11400 reached, now its time to roll over and retest $9700 with a potential break down to $8800.

Markster Updated 

Target = $11400, before rolling over to retest $9700.

Markster

The RBA is aggressively cutting the cash rate in the face of falling house prices and potentially Australia's first technical recession in 28 years. As rates are cut the interest on Aussie bonds also fall causing investors to flee Aussie bonds in search of safer higher yielding bonds like US treasuries. This in turn puts downwards pressure on the Aussie Dollar...

Markster Updated 

Bitcoin as always makes perfect sense when looking back in hindsight. The single most respected Fibonacci Retracement level is the 61.8% level, yet as we all know exact targets are rarely hit. When we add the 65.0% Fib Retracement level to the 61.8% Fib Retracement level we get what is famously known as the Fibonacci Golden Pocket. This is the single most...

Markster Updated 

Target = $10,000 = $9500

Markster Updated 

Within the next 3 to 4 hours both the 50 hourly and 100 hourly moving averages are going to cross below the 200 hourly moving average. In stocks we usually look at the 1 day chart (50-100 ma) for a death cross but given bitcoin's wild volatility we need to move down into lower time frames to be accurate. hence the 1 hour time frame. This could potentially...

Markster

Target $8800

Markster

I recently took a look at the long term logarithmic Bitcoin chart using the Gann Box as a technical analysis tool. I WAS SHOCKED! The Gann Box perfectly predicted every single high and every single low amazingly accurately. It pinpointed the exact highs and gave you a beautiful accumulation zone with which to buy the lows. I mean what more could you possibly ask...

Markster

This simple but elegant indicator is nothing but the ISM Manufacturing Index represented with a baseline of 45. Once the ISM line breaches the baseline it indicates a recession is guaranteed if not already under way. This indicator has perfectly predicted the last seven recessions and is currently trending down towards the baseline as we speak. Like, share and...

Markster

Of course Gold priced in the Aussie dollar rising essentially just means the Aussie dollar is in decline, and of course the decline of the Aussie dollar is due to the RBA cutting rates driving investors away from Aussie bonds in search of yield. A rising Gold price is also a risk-off safe haven indicator pointing towards economic weakness ahead.

Markster

It is common knowledge that interest rates play a major role in any economy, so I recently decided to sit down and see how the 10 year U.S. bond yield has acted during recessions in the past to see if it correlates somehow with today's markets. After all, the biggest component of any recession is monetary policy which would imply interest rates and therefore bond...

Markster

This chart aims to delve into the probability of the next U.S. led recession beginning this year. Lets get started. This chart takes the S&P 500 Index (America's main market index) in yellow and compares it to the Initial Jobless Claims Data (direct from the Federal Reserve) in grey. We also take two very standard moving averages of the Initial Jobless Claims...