FortunaAlgoAnalytics

FortunaAlgoAnalytics Updated 

Contemplating Bitcoin's next big move I predict that the next significant move will be lower. I have a few reasons for this view, among which are technical, macro and sentiment. The first being the most visual, are the technical patterns which I have highlighted. As Bitcoin has traded rather different in this bear market, I have found that looking for specific...

FortunaAlgoAnalytics Updated 

Assuming with a high degree of certainty, that positive traditional market sentiment is waning. As we enter the first acknowledged year of this Great Inflationary Central Bank Recession, caused by a combination of negative interest rates and a supply chain bullwhip effect even the Russian military's logistic department might have been able to spot. We are going...

FortunaAlgoAnalytics Updated 

Bitcoin is facing significant resistance from both moving averages and the combined wedges that have been forming over the last few months. Equity markets and Bitcoin are closing into key technical make or brake moment. I believe we might see more bull traps before a significant drop over the next week. Goodluck

FortunaAlgoAnalytics Updated 

Long term I am bullish on Bitcoin and Cryptocurrency. Short term, I think we are likely to see a rapid sell off to around $16.6k. When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin, an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken...

FortunaAlgoAnalytics Updated 

Long term I am bullish on Bitcoin and Cryptocurrency. Short term, I think we are likely to see a rapid sell off to around $16.6k. When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken...

FortunaAlgoAnalytics

Long term I am bullish on Bitcoin and Cryptocurrency. Short term, I think we are likely to see a rapid sell off to around $16.6k. When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken...

FortunaAlgoAnalytics

Macroeconomic backdrop:: With sentiment in markets rising slightly from peak fear, due to recession fear provoked significant pull backs in commodity prices. Providing a likely reprieve in expected rising inflation concerns. This might in turn, influence central bank interest rate decision makers, too slow the rate in which they hike rates. Although we can only...

FortunaAlgoAnalytics Updated 

Will the major Altcoins particularly ADA, LINK and UNI breakout of their descending wedge setups. Is this prominent technical setup, the signal for a breakout to the upside? Or will continuing macro woes, make the TA analysis null and void. Equity Markets might be seeing a bear market bounce, this could relieve downward pressure on risk assets? Allowing the...

FortunaAlgoAnalytics Updated 

Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside? Or will continuing macro woes make the TA analysis null and void. Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average. Time to wait and see.

FortunaAlgoAnalytics

Riot Blockchain has been punished harshly over the last few months. Its common knowledge that Riot is closely correlated to both Tech Equities and Bitcoin. It is also effected by Crypto mining sentiment and macro factors. With this in mind I believe that this stock is greatly undervalued. I believed it was undervalued at $11-12 but macro-economic factors have...

FortunaAlgoAnalytics Updated 

Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022, just 4 days away. We have seen a multi-year decline in Litecoin's ratio versus Bitcoin. This is very similar to the declining imperfect resistance line, we had seen in the 2014-2017 period. This alone from a pattern recognition perspective is interesting but the sole reason to be...

FortunaAlgoAnalytics Updated 

Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated. > I Believe that an ascending support line has been tested multiple times but both Riot Blockchain and Bitcoin. > With the momentum driven by earnings season in the stock market providing significant upside...

FortunaAlgoAnalytics Updated 

Since the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak. 11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC. Will this be the 12th repeat?!? Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a...

FortunaAlgoAnalytics Updated 

I'd suggest checking out my previous post. In it you will see how the Inversion of the 50 Day SMA to the upside, has been a reliable predictor of a larger surge higher. This has occurred 11/11 times the 50 Day SMA has inverted higher, since the start of 2017. We have witnessed a slight inversion but have not seen significant follow through, being the Ratio...

FortunaAlgoAnalytics Updated 

>>> Litecoin has reached the lowest levels relative to Bitcoin in its History. >>> Litecoin/Bitcoin has also broken out of a multi-year downtrend, almost identical to the previous cycle. >>> LTCBTC Wedge is a very reliable pattern. LTCBTC is finding support in this wedge, suggesting a similar pivotal point is approaching. >>> The Pivot Trade:: This is...

FortunaAlgoAnalytics Updated 

AMD has a History of outperforming Earnings Estimates. I believe this provides Stark Fundamentals, in order to support the TA Case for a reversal to the upside: > Q1 2021 18% higher than expected > Q2 2021 16% higher than expected > Q3 2021 9% higher than expected > Q4 2021 21% higher than expected With the above earnings in mind. The last 4 Quarterly...

FortunaAlgoAnalytics Updated 

Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? I have the most recent corrections in history highlighted, their reasons listed. > It is clear that the current situation...

00:00

FortunaAlgoAnalytics Updated 

NASDAQ Market Forecast and Prediction for the rest of 2022 >>>Bullish Month in May driven by Oversold market conditions and Earnings? >>>Rejection coming at the 50/100 Daily SMA? >>>More elongated 2018/2019 correction pattern repeating? >>>Bullish Q3 & Q4 2022 ahead? Every investor should ask themselves, are we in store for the usually 20-30% correction? Or...