In my most recent analysis, I had laid out the path for us to get to $57k-61k as the next levels of resistance that we need to hit. However, over the past few days, I've changed my view on $BTC going higher from here as it failed to get above the $52k level and hold. Now I think the most likely path from here is for BTC to fall to the $30k range -- either...
Alright, updated all of my previous analyses w/ thoughts that we're bouncing here rather than seeing further downside. The initial support at $39k was hit, and while I thought we'd see further downside before a move up, it looks like we're bouncing here at $41k and holding support. I think the most likely scenario from here is for a bounce higher to play out...
In my last analysis here's what I said: "Now I think the most likely path from here is for BTC to fall to the $30k range -- either stopping at $39k, or potentially testing the $34k region in the worst case scenario on this next move. Then, I think even if we find support at $39k in January and if BTC bounces higher from there (even up to the mid $50k range or...
To me $QQQ seems to be in the process of forming a topping pattern. Everyone has turned bullish again, but looking at the chart, $QQQ has just retested the resistance at $390 and looks to have rejected. If it can't break that level at $390 and close over it, then I think the most likely scenario from here is for price action to roll over and decline sharply...
Okay, so based on this chart, my bias leans towards trading BTC only for the next few months. Dominance looks like it favors BTC from here and we could see a sharp move up until around the middle of March. If this plays out, and BTC keeps correcting from here, we could see alts bleed a lot. The pivots on the chart are for key dates for changes in price action....
TLT looks to be close to finding a bottom. I could see TLT finding a bottom in the $138-141 range then basing for a couple of weeks before rallying higher in early November. Key dates and levels on the chart. My macro thesis is that we're at the start of a larger pullback in markets and money will flow to treasuries as a safety net. Dates align on both the S&P...
Sol looks to be forming a massive topping pattern and there's only one support level ($154) holding $SOL above declining towards the low hundreds. I think it's likely that $SOL drops from here finding support at the green line at $101. Let's see how it plays out from here.
If you zoom out on $GLD, we seem to be trading within a large channel. Price action looks very similar to how it did in 2012 before falling off a cliff. While everyone has turned bullish on GLD again, citing inflation as a reason for it to be a safe haven, the chart tells a different story. There seems to be strong resistance right above where we are and lots of...
As I shared in my last update on $BTC, $BTC ran up without testing some key levels as support and needed to correct down to $46k-48k before it would be able to move higher. Now that that scenario played out I think the same thing needs to happen on the upside. BTC needs to now confirm some levels as resistance before it falls further (IMO). I think BTC should...
ASM looks like it's in the process of finding a short term bottom around this $.088 range. I could potentially see a capitulation move down to $.082 at the lowest... Then we should see a reversal next week around Dec 21st with a move back up to the top of the structure around $.204-.214. Let's see how it plays out from here. Dates on the chart important dates...
LTCN has bottomed. I see it going back to the $260 region likely before October. Entry at $15.97-15.98.
To me, it seems as though the NDX is in the beginning stages of putting in a top. I'm looking for a target of $8400-8900 to be hit sometime in 2023. While everyone is bullish coming into 2022, I see an opposite view. I think there's substantial risk in the market. Multiple rake hikes, a weakening economy, resurgence of lockdowns, and a really ugly looking...
This is one of the ugliest charts I've come across in a while. It looks to be breaking down from a head and shoulders top w/ the neckline at ~$94. Next stop at $68, with lower supports at $52, $43 and $34. Break one support and we'll see the next level down.
Just an idea... Maybe it all plays out like this? Form a 1 yr range between $29-59k before finally breaking lower to a bottom in 2023?
I've sensed some weakness in the BTC market for a while now and I've been trying to make sense of what could happen over the next few months to a year. Originally, I thought BTC would go much lower (sub $20k), however, looking at the bigger picture and the ichimoku cloud, I don't think it's a strong possibility anymore. I still don't think we see $100k BTC this...
This is the most beautiful chart I've seen in a while. One trick to trading the Grayscale products is the move in these products always lags behind the spot market by a day to a few days. So once you start seeing an asset move, look to the charts in Grayscale to see if the move will follow. $ZEN has started to move already and this chart looks like the bull run...
$GRT seems to be breaking out after consolidating since it's February highs. If it can push past the 50% retracement level at $1.71 and then it's ATH at $2.97, then I think there could be a strong move upwards and the first take profit level will be somewhere between $4.49 and $6.42. After that, I think it's likely to consolidate further before surging up to a...
Sentiment at extreme highs and the chart not looking great. One thing that has been bothering me about this run since October is how we've never tested $48k or $52k as support on the way up. Today we had all markets show weakness, TLT showing strength (as seen on my recent analysis), and $DXY completing an inverse head and shoulders breakout... all the signs are...