HoldenTC

HoldenTC

First, I caution anyone to buy into the BTC to $100k hype. Be cautious with your money. There are too many external factors currently at play which can cause further and more violent corrections to the market. At minimum, wait for the FED report on crypto currencies. Then consider the fact we are dealing with rising interest rates, two potential conflicts in Asia...

HoldenTC

Be wary of anyone suggesting there will be any type of significant reversal in the short term. DOT has a lot of way down, before a significant shift back up. The daily RSI still shows plenty of room to sell and if we mark the weekly averages (pre crypto boom) it would suggest a price between $7 to $8 per coin on DOT. Without any significant changes, this...

HoldenTC

I believe BTC is going to continue a downtrend to the approx. $13,500 mark, which I outlined in a recent chart. The TA seems fairly straight forward considering the current situation within the US Financial markets (inflation, interest rates increasing, uncertainty of FED regulation, etc). ETH is a bit more complicated because it has a use case outside of a store...

HoldenTC

The cryptocurrency market had a great run the last two years, primarily based on speculation and money being pumped into the US economy. The euphoria of quick gains was on peoples minds and they had a little bit of extra cash to gamble with. Institutional investors had the opportunity to capitalize on the positive sentiment and the house of cards started being...

HoldenTC

ADA boasted an inflated market cap through last year. There was no real justification for its value, because there was no true working product - or at least something which was on the verge of mass adoption. It was pure speculation of what 'might' be and not grounded in anything but hope. So, ADA has been flying high for a long time and was way too close to the...

HoldenTC

As the 200/50/20 SMA approach a cross the most likely scenario is to see a larger decline over the course of the next month. The cross should happen as BTC approaches/crosses the $45,500 mark. This will show oversold on the 4 hour and begin the downward trend. It can be expected there will be significant resistance at $39,900, while being broken and heading to...

HoldenTC

Bitcoin is showing oversold on the 4 hour chart. A short term reversal can be anticipated based off of the recent RSI trend and its correlation in the recent declining BTC price. At the point of 'oversold' a fast reversal should be seen. The anticipated price point of $45k (approximate). The price action will result in an overbought BTC at the $45k mark and it...

HoldenTC

It's easy to look at the last 4 hours, or the highs of last year and think BTC is sure to recover. It is more important to analyze what actually happened to make BTC worth any more or less than it was in 2020. Much of the growth is positive sentiment, but does it actually account for the true value of BTC. Has the price been inflated based low interest rates and...

HoldenTC

DOT will continue its downward trend in the short-term - dependent on the status of BTC, which in the last 24 hours has shown weakness. The bottom will likely come at $22.50. My previous graph I suggested $26.50 and DOT bounced off of this support. There is still downward momentum and without a major catalyst the trend will continue. Expect a bounce around...

HoldenTC

I recently published my thoughts on DOT and wanted to put together some additional information on my short term and long term forecasts through the 1st half of 2022. I believe DOT is in need of a major correction to reset the price action. A true bottoming out will shake out the manic buying from 2021. In the short term there should be a rise to the...

HoldenTC

Dot had an amazing year. Part of its growth is attributed to its technology. However, the majority of its growth was due to positive sentiment in the cryptocurrency market. The majority of prices have been inflated due to this positivity. However, we are moving into a new timeline where there will not be the same stimulus in the US economy and interest rates are...