Idcinc
LTC and SILVER, more in common then we think LTCUSD+XAGUSDLTCUSD+XAGUSD HUMMMMMMMMMM looks good to me.
I'm very confident in the beginning of altseasonI have so many more reasons to expect this, which I might follow up on later. Long-story short though, I was bullish all the way up from the bottom to the first time it hit $8k, but since then I've been expecting altcoins to have their turn. Even as someone who's only been in since 2017, this is a very familiar cycle to me. BCH/BTC being so overdue for a rise also helps explain why and how it will be possible for altcoins to continue their surge despite the fact that bitcoin is consolidating, which seems like it hasn't happened for a couple years. I have longer-term analysis on this as well which I'd like to post links to but since I can't, I'll just say find me on twitter, steemit, or YouTube if you're interested in more.
Sum of the American indices divided by the price of bitcoinI've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so between the stock market and bitcoin. I believe it's going to get A LOT more obvious by the end of the year.
Things to note:
1) Bearish divergence from August of 2017 to late last year (purple)
2) The key resistance at 10.5
3) The yellow line goes back as far as 2011, and it matches perfectly with the medium-term .786 retracement level. I expect it's headed there or lower by the end of 2019
4) The daily MACD is far from looking good
5) The medium-term .382 retracement is likely to be a very key level as well, due to the extra support provided by the medium-term uptrend
If you're bullish on the American stock market or bearish on bitcoin, I can't suggest enough that you look at charts like this and perform your own analysis on them. At the very least, they give me a much better idea of what's really going on and I've used them so many times as tools to make accurate short-term predictions on twitter and YouTube, such as my last "stubbornly bullish AF on BTC" one from February 6. If you don't yet know how, see my latest update to my related idea, "Average price of bitcoin against the American stock market." I give a few formulas you can type into the top left box in the tradingview window. This is one of them. This is a very dangerous time to be taking positions, period. But the risk:reward is DEFINITELY so much better in crypto.
P.S. On my 24/7 "Not Financial Advice" crypto livestream(YouTube, twitch, and Mixer), bitcoin just touched the bottom of the 2H ichimoku cloud that I've been stressing the importance of for months. Then it went right back up above the medium term .618 retracement I've been watching for months. I'm about to explode with contrarian bullishness.
To long BCH or to short BCH that is the question.BCH is a strange coin with top 10 potential for a long time.
BCHSV... BIG MONEY BIG PROBLEMS PART 2SO AGAIN WE ARE AT THE CROSSROADS OF DOOM... I HAVE A GOOD FEELING ABOUT THIS ONE BCHSV IS VERY CYCLICAL AND ALMOST NEVER SKIPS A BEAT.
