Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to......Astronomical returns possible: Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to "Big Oil" signal after SPX setting ATH's >> WK 16 DEC 19 63% 8 WKS >> WK 25 SEPT 18 437% 11 WKS >> WK 28 JAN 13 1383% 10 WKS. The only time signal did not work was when bitcoin MACD histogram was in red. CAVEAT: WTI Crude Oil Weekly MACD line (source HIGH) has not yet closed >0. Big Oil signal still needs to confirm. NOT ADVICE. DYOR.
Energy Commodities
CRUDE OIL (WTI) Weakening Market & Consolidation
Crude oil is becoming weaker and weaker.
though many fundamentalists promised a quick return to "normal" price levels after the lockdown removal,
it looks like things are much more complicated than that.
if you are a swing trader and you are looking for an opportunity to jump in in the market,
I guess it is not the best moment.
for the entire month, we could not set a new high.
ATR drops as crazy and volatility is missing:)
let the market start moving.
let it pick the direction and then just act accordingly.
swaps are now very expensive on oil, so no need to incur these losses.
If BTC is Steady, We Are Steady in Small Caps BoiCheck out the latest blog post for more boi:
www.derzzycharts.com
Same deal, short weakness, buy strength. When BTC is giving the market room to breath, we own altcoins. It works every time. We don’t need to know why, we just know that it does. So what did we do today? We looked at the top 500 coins, and picked some charts to buy. Let’s have a look.
Here we have WTCUSDT and FTMUSDT. You don’t even need to know what they are, just that they have strong charts. That is the beauty of technical analysis, it could be anything! It could be corn, it could be soybeans, it could be any altcoin out there. If the chart looks good, we put in an order. We bought WTCUSDT earlier, but we are waiting for the pullback in FTMUSDT. So how did we pick these out of all of the charts? Good question… well we didn’t want bearish divergences on the RSI, we wanted a good cloud, and a MACD that had room to run. A lot of coins have pumped, but you don’t want to hold bags in crypto. So you have to pick positive charts. Don’t chase bro!
For a look at the indicators and the decisions, see the linked post.
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
Brent Crude Updated Map - More Down 32.90/29.70Current consolidation is a classic flat within double three WXY (white labels).
Which is in its turn is the wave ((X)) of the larger yellow degree - the junction between ((W)) and ((Y)).
After it gets completed another drop would follow to hit the blue box between 32.90 (38.2% Fib) and 29.70 (50% Fib).