Realistic altcoin gameplan using eth as market guideEth leads alts and should give us a semblance of what to realistically expect.
Blowoff top to 0.054 into bitcoin halving in mid may. ($500-$550 area w/ $9500 btc)
Dump to 0.036 area ($270-$300 area w/ $7700 btc) when miners capitulate
Consolidate until Q4 before an end of year alt season to 0.07 ($1330 w/ $19000 btc).
Dump back to 0.036 area ($270-$300 area w/ $7700 btc) when stocks crash and everybody goes risk off in Q3 2021
Consolidate until new tax year (2022) then moon (hyperinflation) or zero (great depression).
Ponzi
realistic ethereum gameplanvitalik ponzi
what im expecting (blue arrows) and areas of interest (purple boxes).
0.054 on the ethbtc ratio is the key level and btc should hit the $9550 resistance so that works out to a blowoff top around $515.
then eth cools off around 40-50% and drops to roughly $270-300 and digests the move / consolidates for a month or two before breaking up for the bull market later this year to god knows how high.
hardcore support 1700$ btcNothing interessting. I have a hardcore support @1700$.
Nothing is certain in these times. Btc will do what instituationals want at this point.
I am a long time believer of bitcoin. It will recover and grow stronger than ever.
We might see btc sub 1k, but for me its highly unlikely. Too many people would be loading up on btc. Just a few days ago I saw someone posting on reddit that 500 btc were bought on an exchange which I don't remember anymore. Kraken or something.
These are always signs for buying pressure. Same like it was in 2019 were someone bought a few thousands of btc and it catapulted btc for a short 6 month bullrun.
We have to see and wait what happens with the virus. If Institutionals get short on money and they need liquidity they gonna dump everything for money - commodities, stocks, etfs, indices AND bitcoin.
Until then.
Stay safe.
Health is more important than wealth.
BTC / USD - POSSIBLE FAKEOUT ?BTC is stuck between 6550 - 6700 .
We will probably try to take the stop losses above 7k and then make a big drop
There is too much uncertainty in the markets and in this asset right now, but the MAIN TREND is bearish so we follow it.
Trade with a tight stop loss. Dont risk big now, wait for a confirmation.
Apple overvalued This stock currently peaking in price after weekly upthrust candle.
Earning Yield are the lowest in recent years and Price to Earnings also peaking highs in last5 years. From PE ratios it's massively overvalued stock.
Looking at company income statement over last years is the most stagnant when compared to Microsoft, Google and Amazon. It's amazing that Net income and Revenue been pretty even between last five years (even with decline in capital expenditures) whereas other stock keep growing their revenue and net income consistently.
In a nutshell this company is producing very week performance as compared with last 5 years it's the one growing the least.
Not saying that one should short stock since it's hard to compete with ponzis and the FED printing machine. But at the moment the best approach is seemly to stay out of the stock
XBTUSD AnalysisWeekly close below 6612.5 is bearish, and if we lose that as support expecting us to break the 2019 low.
Now consolidating and seems to be finding support, at most expecting a rally up to liquidate late shorters.
Weekly close above 8317 would open up a possibility for a test of 9k.
Ideally we see a pump to 8K and then a rejection, to ride the Bitcoin capitulation after that.
Weekly close above 8320 / Daily close above 9K are things that would make me change bias
S&P500 Dump ignited?As I indicated in my update last week, that extremely low volatility combined with very high RSI seems to be kicking a dump on this fine Monday. Will the dump last? Quick buy back? Will we see a repeat of last year heading into the holidays?
The final trip down that led to the capitulation of 2018's dump started on Dec 4th, 2 days from now, which culminated with the plunge protection team saving the day, the day after to Xmas.
I think we have a real potential to see at least a touch of the 200 MA (blue line) ~2920, but if this thing really gets rolling, we could see a repeat of 2018 and take a trip all the way down to the 1000 MA (red line), which would be really bad especially if it was going to happen in 2019.
Obviously hard to say at this point, but the past 6 weeks of "nothing but up" has been kind of ridiculous even for the ponzi stock market.
Hope ya'll took my short call!
Stay tuned!