Does BTC really intend to break the previously theorized C&H corrective pattern? The downtrend line outlined in previous analyzes were being respected. However, I noticed that in recent days prices managed to escape this limbo. Interesting, isn't it? If the downtrend line breakout is true, a likely destination for prices would be the 85K region, an “upside” of...
It seems to me that the correction theorized in previous analyzes is occurring. See the image below: Without further ado, let’s get to the graph. On a monthly basis, for the first time, the SETUP used is pointing to a corrective pivot. If so, a bear trap region is found at 51.8K, meaning if prices don't break out of this range, it won't fall much! The...
BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right? Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time. On...
My God. If the SETUP used is correct, technology companies will melt the SPX index. I won't even write a text explaining why, because no one likes reading. I will post the bearish pivot combined with a buy trap. What a thing, right? Supports: 4933 for the moment. Medium-term secondary support (15/20 days): 4742. I'd better keep quiet. Because things always...
From the graph we have a great possibility. If prices do not overcome the 17.05 region we can see prices seeking first the long average (white line) and then the 15.09 and 14.83 bands (support). For this to happen, prices must drop below 15.95, as shown below. Resistances: 16.79 and 17.05. Supports: 15.09 and 14.83. The value of 14.83 is a possible target...
I will only say a single word: Gold. Yes, just gold. Do not forget; "Madness only comes to those who think the most" Gold is at its highest high in history. We know that the metal in question is considered a protective reserve for our fiat currencies. But what explains this sudden rise? Is this increase linked to the "wars" that are taking place around the...
I've been hitting the following key on the computer for a while now; "Is the world better?" Has Quantitative Easing (QE) provided globally by central banks around the world finally dried up? If the answers are yes to all of them, just answer this naive question that I will ask next; Why is gold surpassing its all-time highs? I just need this answer,...
We are already in the last week of March, and it seems to me that the corrective process outlined in the previous analysis is about to happen. We are seeing prices losing strength and opening up margins for corrective drops. As I always mention in my analyses, the long-term chart does not indicate a change in direction, so the increase is still strong for this...
BTC – Weekly Perspective – 03/03 to 10/03 We can say that BTC reached the expected region at 65K, as shown in the previous analysis. I know that this final climb to 65K did not come with the excitement I expected, which would be prices making a correction to the 40K range to continue their climb. For now, with the objective achieved, the question remains:...
Are we in a trap region? The month is ending, but the problems are just beginning! Based on the latest analysis, we may indeed be in a trap region. And its long-term objective was achieved in full (1,618 FIB). And gold has not yet lost its 2K level. What a thing, right? If everything is fine, why isn't our "rich" fiat's store of value giving way? I just...
As reported in a previous analysis, the crypto finally managed to overcome and remain above an important resistance band, 44.9K. A beautiful victory for the bulls and, with that, the path seems to be clear for prices to seek the historical top region at 65K and, consequently, scare away once and for all the ABC corrective pattern of ELLIOTT's final sequence....
Considering the projection outlined for the future SPX in a previous analysis, I realize that the target pointed out by SETUP on the long-term chart has been reached. Therefore, I think we have nowhere else to go up without at least having a small correction towards the 4685 region if I only consider the graphical analysis. See the image below. Despite...
As stated in previous analyses, the long-term chart showed an upward pivot, in which the 44.96K region was an important resistance point to be overcome in this chart time. Anyway, this value was left behind, and the crypto needs to reach the 51.4K region and remain above 44.9K throughout this month to remain in a consolidated upward trend and seek the top region...
We start another month with the cryptocurrency resisting staying above the 40K range as well as failing to overcome strong resistance that has lasted for a long time, the 44.9K region as found in a previous analysis. $ Let's go graphic $ The monthly bias is still upward. Current resistance: 44.9K Going to the weekly bias there are possibilities of bullish...
Stock markets around the world in unbridled euphoria. QE (quantitative easing) was widespread, therefore, austerity via interest rates was also injected. But the question remains: Will this really stop a possible downward swing? For several leading indicators indicate otherwise. Mathematical models indicate that we are at the height of a large and certain...
I prefer to ignore reality and focus only on what the graph will show me, because every new week we have good news regarding the American economy, but the good news will have to come to an end at some point, as there is a saying that goes like this; "There is no such thing as a free lunch. If you didn't pay for it, someone else will have to." In the long term we...
Crypto has been fighting hard to stay above the 40K level, demonstrating that the bulls have a slight advantage over the bears in terms of strength, however, the bears have a great trick up their sleeve; strong resistance in the 44.9K region plays in its favor. Let's go graph In the long term, things haven't changed yet, and we are on an upward trend. Note:...
December is the last month of the year for BTC (Lol). Perhaps this month will provide us with the information we need to know where crypto should go next. The bullish pivot reported in the previous analysis is still valid as well as its targets. But remember: The red lines are resistance points that prices need to overcome to reach the yellow lines...