As an individual who has stepped back from cryptocurrency trading due to concerns over prevalent wash trading, I've moved away from the tumultuous seas of crypto. Nevertheless, let's indulge in a little speculative strategy on how one could "ride the wave" if they were still participating in the market. -Disclaimer- This strategy is a subjective thought exercise....
Overview The analysis takes a broader perspective by examining the 5-day chart instead of the 1-day, leading to clearer insights, with wavetrend analysis and On-Balance Volume (OBV) indicating a pattern similar to that observed in November 2021. Technical Outlook Short-Term (4-hour Chart) - Current State: DJI appears overextended and due for a correction. -...
Price swings and volume look very similar to August 2021 IMO. If it follows a similar trend we will have a few days down to the 50 day EMA or a 2.3% drop but then back to the top for a week or so before a bigger fall (4%) down starting mid to end of Aug. Sometime in Sept we will see a burst back up for election time and then choppy up and down before what could be...
If your in BTC and your afraid of heights, its probably not the best time to be in unless you can afford to loose the money IMO. I see a large diamond shaping up and next up on deck is a huge drop if this analysis comes to fruition. Be safe. Perhaps you all see something I don't so good luck.
It looks like the DOW is getting ready to fall within the next few days ...let's see
This is an update to an already existing idea of mine that keeps developing. The logic behind this chart, other than pattern analysis, is simple; Market psychology paired with a bad economy. In this chart BTC breaks down to 11.5k by the end of the December timeframe (though timing is impossible to predict, this is just an estimate. If often takes longer than I...
CPI numbers come out tomorrow morning. Will they be worse than expected? Probably not but also not good enough. I think there will be a selloff as a result until the Fed meeting Sept. 20-21. I think BTC will hit bottom again and stay there for a month or so before resuming up (unless some world event causes a crash). I think BTC will climb until the beginning of...
Given the CPI report this morning and Powell's speech from the Jackson Hole, I think this is very plausible. Let's see
A lot of my analysis is based off of US markets, DXY, and where I think the economy will be next year. Let's see
This is a short term prediction of where I think DJI is headed before it can resume an uptrend. Let's see
BTC can't seem to rise above the 200 EMA on the 4hr. Will it be any different this time? We shall see
This looks like a head and shoulders pattern to me but we shall see. BTC following...prepare for a big drop IMO
BTC finding support on the 2 day 200 EMA? Let's see
I think there are four possible paths ... 1) drop to low 29k in the next 10 days 2) take off from the neckline in the head and shoulders up to around the 58k area (path I'm leaning towards at the moment) 3) head and shoulders pattern completes and then drops down to the 26k area briefly before climbing back above 29k area ...sideways and then up to the 65k...
Will 40k area hold? Will we see a lot of volume soon? I think so but of course let's see. It's BTC after all.
Textbook trading essentially...hit the 38% fib just like last time. Let's see
Just an idea. Were we meant to see this buy signal? Kind of ironic, don't you think? Is BTC going up from here? I think so but perhaps it will head back down to the 59k area before it becomes more clear.
Clean setup (handle touched the 38% fib) and great project. BTTC - side chains to scale smart contracts, compatible with EVM ...supports TRON, Binance Smart Chain ( BSC ), and Ethereum .