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Cryptopickk

LTC Litecoin 1D UpdateHello friends, today I am reviewing the 1D chart for Litecoin (LTC), a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been bouncing off of a long term trendline since July 2021. 2) The price started moving up another smaller trendline since September 2021. 3) The price recently bounced off of the support line around $200. 4) The price also bounced off of the 0.382 Fibonacci level around $200 and now headed to the possible golden pocket zone (0.618-0.65) between $237-$242. That would be a 8-10% gain. 5) The RSI (relative strength index) recently bounced off of the bottom trendline and possibly headed higher. 7) The volume seems to have picked up over the past few weeks. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:LTCUSDLong
by MillionaireEconomics
SHIB Shiba Inu - 4H UpdateToday I am charting Shiba Inu (SHIB) on a 4H linear chart. The current price is back inside of a parallel channel since the end of October 2021. Every time the price drops below the median in the channel (body not wick), it generally touches the bottom of the channel. Concern: The price has broken down from the trendline which started in early October 2021. If the price does not get back above the trendline, we may see more downside very soon. Concern: There is a multi-day bearish divergence and the price has broken down. Concern: Ichimoku Cloud resistance above. In the red ovals I show where the price may be supported at the 0.236-0.382 fib level, which is a major drop from the current price. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoin
Short
by MillionaireEconomics
10
AAVE 4H - Upside PotentialHello friends, today I am reviewing the 4H chart for AAVE, a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been in a descending channel since November 9, 2021. 2) The price hit the bottom long term trendline multiple times on November 18, 2021. 3) The price target for the breakout is around $304, which is a 10% upside. This is also a resistance area. 4) If the price can breakout of the resistance area, it could go as high as $347 or about 25% upside. 5) The Ichimoku Cloud is holding the price down so we may not immediately touch the top of the trendline. 6) The RSI (relative strength index) just broke out of a multi-day trend out of the oversold area. 7) The volume seems very low. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:AAVEUSDLong
by MillionaireEconomics
5
#UNI Uniswap 1D - Big Move ComingHello friends, today I am reviewing the 1D chart for Uniswap (UNI) on a linear scale. In the chart I noted: 1) The price has been in a long term triangle with a breakdown since May 2021. 2) Currently, the price hit the bottom of the long term trendline since January 2021 and bounced off of it. 3) The price has the potential to move up about 20% to around $25.41. 3) The RSI came out of the oversold region and has potential to bounce towards the top trendline. 4) The Ichimoku Cloud is above the price and at the top of the cloud is where the resistance is. 5) The Volume is currently very low. If volume comes in, we may be able to break out of this long term triangle. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:UNIUSDLong
by MillionaireEconomics
1
BTC Bitcoin 4H Chart - Short Term RiseHello friends, today I am reviewing the 4H chart for Bitcoin (BTC) on a linear scale. In the chart I noted: 1) The price has been moving in a downward channel over the past days. 2) Currently, the price is attempting to break out of the channel with a measured move of about 5% to $60,711, where there prior period resistance. 3) The RSI has also broken out of a descending wedge it was forming. It is out of the oversold area now. 4) The Ichimoku Cloud is above us and though in the short term, price may go higher, the Ichimoku Cloud is showing that we may be headed further lower again. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:BTCUSDLong
by MillionaireEconomics
3
#HOOD Robinhood Stock - +20% move comingToday I am reviewing the 1D (daily) chart for Robinhood (HOOD) on a linear scale. In the chart I noted: 1) The price is shown inside a parallel channel since August 2021 when the the price had a major drop. 2) I am showing a prior fractal as noted in the red oval for the upcoming price. The fractal top price of $37.62 is in line with significant resistance as shown on the Volume Profile (VPVR). 3) The RSI (relative strength index) is now oversold and about to touch the bottom trend line of the parallel channel. This may move upwards helping the price rebound. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:HOODLong
by MillionaireEconomics
BTC Bitcoin to $48K PossibleToday I am reviewing the 1D (daily) chart for Bitcoin (BTC) on a linear scale. In the chart I noted: 1) The price is shown inside a parallel channel since March 12, 2020 when the RSI hit a major low. 2) Recently a double top formed with the breakdown today. The estimated target is around $47-48K. That is about a 16%-18% drop from current prices. 3) RSI may have a chance to get into the oversold area on the daily where it may be exciting to pick up a long. This is one of many ideas I have put out on Bitcoin. Check out others below. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:BTCUSD
by MillionaireEconomics
AVAX Avalanche 4H - Support TargetsToday I am reviewing the 4H chart for Avalanche (AVAX) on a linear scale. The price dropped today as did the entire crypto market except for a few outliers. In the chart I noted: 1) The Ichimoku Cloud support in green which is looking strong. 2) 3 areas of Support in case there is a possible price drop further. 3) The 50/100/200 MA with the 100MA at Support 2. 4) The Volume Profile (VPVR) showing the major support areas going down. The volume overall looks healthy. Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:AVAXUSD
by MillionaireEconomics
MATIC Polygon Downward Price TargetToday I am reviewing the 1D (daily) chart for Polygon (MATIC) on a linear scale. The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC) and Ethereum (ETH). I am showing the Fibonacci level of 0.382 around $1.17-$1.18, where the price may also meet the trendline (in red). This would be a 22% drop from current price levels. Also keep an eye on the RSI ( relative strength index ) as we may have potential to get back to touch the trendline. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
M
by MillionaireEconomics
1
BTRST BrainTrust Daily Chart-ConcerningToday I am reviewing the 1D (daily) chart for BrainTrust (BTRST), which is an altcoin. The price has been moving in a descending parallel channel (bearish pattern) since October 2021. It is important to note that within the parallel channel the price is above the median. If the prices breaks below the median, we may be in for a lower price. I am also looking at the Relative Strength Index (RSI), which is hovering at the trendline created in October 2021. If this breaks, we could also see a lower price. Concerning: I also added in the charts the Fibonacci Retracement which shows the channel may get supported at the 2.618 level or about $0.41 - $0.42. This would be a 90-95% drop from current price. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin, Stock and Commodities Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:BTRSTUSD
by MillionaireEconomics
5
Zillow (Z) Critical Area - ImportantToday I am reviewing Zillow (Z) on the monthly linear scale chart. The price has taken a 41.83% drop this month (November 2021) so far and about to re-test the long term parallel channel it was in previously. Furthermore, the price is also re-testing a trendline as shown by the red line. The RSI (relative strength index) is necessary to pay attention to as it is about to re-test the 40 level which it tested in 2019. If it breaks below the 40 RSI, we will see the price fall into the parallel channel, and hopefully stay in there without falling further. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #zillow
NASDAQ:Z
by MillionaireEconomics
#DXY US Dollar Index Forecast BullishToday I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern, and now looking to test the top of the channel around $109-$110. If the DXY breaks out of the descending parallel channel, we can see the price go to around $150-$155. If the price gets rejected at the channel top, the price can go back down to as low as $60-65, which will create a triple bottom (generally bullish pattern). Naturally this is a multi-year chart so it will take time. When zooming out, the US Dollar price looks very bullish in the long-term. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:DXYLong
by MillionaireEconomics
GOLD Price Forecast - Concerns AheadToday I am looking at Gold price (precious metal per oz) outlook. The multi-year chart is on a weekly basis on a linear chart. The short term is currently shown in the red shaded oval. You may notice that we were trading in a channel, which we broke out of after having a triple bottom pattern. The price target to meet this pattern is around the previous all time high (ATH) around $1,910-$1,920. As this is also a major resistance area , I can see the price potentially getting rejected at that point and headed back to the top of the channel for a re-test. If we fail the re-test, we will be entering back into the channel with possible re-test again around $1,650-$1,700. Though history does not repeat, it does rhyme. Looking back at the previous similar pattern from 2011, you can see a channel that formed but took some time to breakout. Outside of both channels are sizable descending broadening wedge patterns which are generally bullish . However, these can take quite a long time to play out considering that we are looking at a multi-year weekly chart for Gold . One area to keep an eye on for the downside is the bottom rising trendline around $1,450-$1,500 which has held as long term support in case we head down significantly. One more thing to think about is with the DXY ( Dollar index ) strengthening recently and the asset prices in commodities , equities, crypto, real estate, art, yachts, etc are high, we can see some upcoming years of prices reducing and an economic downturn. The long term as noted by my green path line shows that after we have one more re-test of the bottom trend line , we can get one more leg up. My biggest concern with the Gold chart is that we are in a massive rising wedge pattern which began in 2001. Rising wedge patterns are generally bearish and usually break down to the price where they started which is around $350-$450. Though concerning, this could take another 15-20 years to happen. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
TVC:GOLD
by MillionaireEconomics
#AMP Token 1D - Downside with supportAMP broken below the rising trendline it has been forming since March 2021. It broken below the trendline in September 2021, but went back above it in early November 2021. If we see a further correction in price, we could go to the bottom of the rising channel around 0.043-0.044. If it goes below that channel, we could get supported by a prior high around 0.038 - 0.04 range. Lastly, keep an eye on the RSI as it seems we are bouncing off of a trendline as well and it may be headed down there for another bounce. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
GEMINI:AMPUSD
by MillionaireEconomics
WTI Crude Oil Price ForecastAside from Crypto and Stocks, I also look at economical indicators, metals, and commodities. I will be adding these to my ideas moving forward starting with the analysis on WTI Crude Oil price. WTI Crude Oil was in a multi-year descending triangle, which it broke out of and retested the top of the trendline in August 2021. The price is on it's way upwards. Something I learned from a trading mentor is when in doubt, zoom out and look left. I took a fractal pattern from 2009-2013 which looks very similar to how the price is playing out currently and overlaid it in the current price range. Furthermore, I added in the fib levels to see where we can be able to get to before some level of retracement. It seems that $95-$100 price range may be in the cards as the price may get to fib level 0.618 before a rejection. I will keep the community updated on this. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
TVC:USOILLong
by MillionaireEconomics
3
ETH Ethereum Trendline SupportEthereum chart shows 4 key areas of trendline support. The first support has failed and it seems we are headed lower. Keep an eye on these areas of support. I added in the VPVR to show the volume pockets. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:ETHUSD
by MillionaireEconomics
BTC Bitcoin prior fractal playing out?I took the prior Wyckoff distribution fractal from March-May 2021 range and copied it to the current price. Could we see the price increase from this point before we start the Wyckoff distribution pattern again? It looks eerily similar. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BITSTAMP:BTCUSD
by MillionaireEconomics
MSTR MicroStrategy - Downside potentialMicroStrategy's price is correlated with Bitcoin price. If we see a downturn in Bitcoin price in the short term, there may be a strong chance that MicroStrategy will also drop. One key area of support is the long term trendline outlined in the chart. The price point is around $590-610 range. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
NASDAQ:MSTRShort
by MillionaireEconomics
2
In-depth BTC Price and Dominance PredictionI took comparisons of 2017 to current market price and BTC dominance. I used the increase/decrease percentages from 2017 to measure where we could be headed between Nov 7 to Dec 17 for the current year. IF, and that's a big IF, we can follow the same trend as 2017, we could see a $165,000 - $170,000 range Bitcoin. This could also mean the following Altcoin Season will be incredible. Keep in mind that we still need a massive shakeout downwards before price movement upwards as shown in the charts. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
CRYPTOCAP:BTC.D
by MillionaireEconomics
2
BTC Dominance - 2017 vs CurrentBitcoin Dominance charts are shown with the left being the current market and the right being the 2017 market. Could we be playing out a similar BTC dominance but with a longer cycle? The upcoming days will tell if this is true or not. I thought it was interesting to share with the community. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
CRYPTOCAP:BTC.D
by MillionaireEconomics
1
#LTC Litecoin 1D - Headed lowerLitecoin LTC seems to be headed down. Keep an eye on the fib retrace level of 0.618 which is also where the trendline meets. Lastly keep an eye on the RSI. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:LTCUSDShort
by MillionaireEconomics
#SHIB SHIBA INU 4H - BIG MOVE COMINGShiba Inu (SHIB) is touching the bottom part of a long term trendline and it seems that there may be another parabolic move coming. I charted out the past two parabolic moves for spikes and timing and it seems that between 20-25 days the price spikes. We could be seeing an 85-90% pump coming very soon. Keep an eye on the RSI and volume to help you exit your long position if you plan to trade this. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Long
by MillionaireEconomics
2
MIR Mirror 4H - Multi-Month TriangleMirror is still inside the multi-month descending triangle. It looks like the trend is headed to touch the bottom of the triangle before the next move occurs. Keep an eye on the volume and RSI. We are also headed towards the apex of the triangle. Expect to see a massive move coming in the next few weeks. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
M
by MillionaireEconomics
1