AVA37

AVA37

The geopolitical event has helped gold to set a new all time high (what would probably happen anyways at some point). Right now people are very scared, and are fomo buying commodities like metals, oil, gas futures, and so on... right at their all time highs. Think about it... they make retail investors sell equities at their local bottoms to FOMO buy commodities...

AVA37

I don't normally talk about trend lines as they can be real pain in the a** sometimes as they get invalidated quite often but still. We can see that the green one is REALLY strong one so if broken yellow one will not hold as a support, the green one should. As a sad before BTC could still dip a bit lower with a wick, that would in practise scared a lot of retail...

AVA37 Updated 

Even after a week, there is still nothing new that has happened across the markets in terms of price appreciation. In XRP-BTC pair we had some appreciation towards XRP (will show later in the update of this idea). It is hard to say where BTC might be going right now (setting a new low or not) but looking at the XRP i still see green price area to get revisited at...

AVA37

While we are waiting for things to unroll and btc to finish its fall, we can take a look of what happened historically. It is really hard to say how fast we could reach to full fib. extensions (4.236) that sits at around $3.5k for DASH (showed in more detail in previous idea about DASH), but if history is any indication we should be climbing really fast once BTC...

AVA37 Updated 

I've noticed that with the recent BTC price pop, it has formed simmilar pattern as it did when btc was topping on a larger timeframe. Patterns look identical more or less, and is a blueprint for me to say that we could have another small pullback that could even take us a bit lower but not by much. 29k technically will hold as most of the shorts that were opened...

AVA37 Updated 

XRP has recently show solid signs of price reversals. We have to understand that nothing goes up or down in a perfect strait line (unless a massive short squeeze, which is never sustainable) so pullbacks are normal. This has a lot to do with a BTC and until it goes into a retracement we will not see an alt season. Even though BTC could actually dip a bit further...

AVA37 Updated 

In case you've been living under the rock, on 3rd of Feb. at the market close FB has fallen instantaniously for 20% and is since then continued to drop. I am not gonna focus on the news even though they did play a role here. Something had to happen somewhere between those large market cap stock and it looks like FB is leading the crash. Just so you know i don't...

AVA37

ETH and BTC had a phenomenal run this cycle. From $81 to over $4800 which is more than 5800% gain. I talked more in detail of why i think btc is in a bear market so for that go look about my previous idea about ETH. I expect the rotation of the money into other alts not only from BTC but also from ETH. Because of that BTC and ETH will still go up with the rest of...

AVA37

XRP has held the lows and with recent BTC pump it is safe to say that we have reversed from here. We could still hang out at these prices for a bit but not very long. I still expect prices to pause at certain trading ranges (colored boxes) but generally not for long as we have accumulated long enough to eventually expect parabolic rise of some kind. I am not a...

AVA37

DASH has been a little scary over the last capitulation. It has broken below summer lows just like EOS did even earlier. I would not worry about that too much as we have to know that market cap is not that big, so price can be much more volatile. Just like with btc we can still form a double bottom, but i highly doubt we will go any more lower as we are already as...

AVA37

Like i've been saying, the chances that TSLA (and other large market caps) are in a bear market is extremely likely. If this bottom holds, which is likely, i expect some kind of a retracement to somewhere near 0.702 fib. retracement level. During this time DJI index should still set new ATH but not by very much. I am not a financial advisor so non of this should...

AVA37 Updated 

As BTC has corrected it pulled the rest of the market with it, as expected of course. BTC dominance is still mostly the same which indicates that the at season is still to come. XRP has hold $0.50 coming down as low as 0.55. Not all of the alts has held summer lows, but that does not mean tha they are not in a bull run. XRP did hold summer lows however and that...

AVA37 Updated 

It took 3 months for btc to finally capitulate completely. I still expect btc to remain in this price area, maybe even set double or slightly lower bottom to really scare the last weak hands off. By now it is safe to say that 30k will hold for now. Like i sad many times now, expect some kind of an ABC retracement back into 55k zone. We could also just go into the...

AVA37

As BTC is grinding lower and lower there are still two potential scenarios that could happen in the upcoming days. First there is the support area where we are in right now at the time of writing (orange box). I still see it as being quite good of a support area and also a resistance during the summer of last year. This is why i think that if this orange price...

AVA37 Updated 

As expected BTC has created a new local low at around 40k. This drove the whole market down, but actually by not that much compared to BTC. Even though i do not think btc has found a major local bottom yet, xrp price could have already finished the crashing after capitulating to $0.60. First it would be nice to see holding $0.70 as that would further prove how...

AVA37

XRP is still coiling up and down with consolidation that seems to have no end. Like with many laggers patience is key for the hodlers. We will eventually see the breakout but i still thing that for that to happen BTC has to finish its first massive fall. BTC dominance is dropping quite hard and this only means good for alts. We have a massive support at $0.50...

AVA37

First of all, Happy new year to you all. Weather you are trader, investor or you just like to be here, i wish you all successful year (even though stock market will collapse in 2022 haha) good health and loving things. Now to the BTC. As far as my last idea goes for BTC i still think we will form a new bottom eventually, but before we do btc still has to decide...

AVA37

On Dec. 27th BTC has only managed to set a new local high before getting a hard rejection. We also did not hold 49k area (blue box), not even 48k (orange box), which was a local low set a day prior (26th). This is a definitely a sign of weaknes, therefore i am expecting that we will not revisit 55k (yellow box) area and are just going into final capitulation. As...