I expect BTC Dominance to retest 48%, then get rejected and breakdown from its range. The support is at 35%, which means that in the 3-5 months that follow this breakdown, the Alts will outperform BTC by 13%.
The real estate market is nearing the top of a huge ascending wedge. Bearish divergence is also apparent in the RSI of this monthly chart. We should be looking at a correction before the end of the year. Could be significant.
BCH to retest critical line of support. Watch the break of the triangle for direction.
The weekly TRX chart looks strong, as long as we can get above the line of resistance that we've been under since early 2018.
LTC needs to close above the line of resistance it's been trying to break for the past couple years. If it does so, it will begin a new bullish trend that should take it to $900. Keep in mind that we could easily retest $150 in the process.
VET just broke above a line of resistance that goes back to mid 2019. The depth of the triangle it formed beneath that resistance line determines the longterm bullish target of $.41.
VET just broke above a line of resistance that goes back to mid 2019. The depth of the triangle it formed beneath that resistance line determines the longterm bullish target of $.24 - $.28.
A break of this triangle should take us up toward $20.
May come down and retest the line at $3, but it looks bullish.
Looks to me like it's time for a correction.
The macro of the crypto marketcap is strongly bullish. We broke above the line of resistance that we hit in Dec 2017 that sent us into a multi year bear market and the short term result was a break of $1T. However, we must keep in mind that we may very well come back down to test that line in the mid $700B before we continue our march toward $83T. I expect...
This log chart shows the multi-year trend BTC has continued to honor. If this continues to play out, we could see a $250k btc by Jan 1, 2022. That doesn't mean we can't see a major correction along the way, and in fact I expect one soon. But the macro is strong.
If my TA is correct, a break of current resistance could take the crypto marketcap up to $36 trillion by year's end, and set us on the path toward the next target of $385 trillion. Do I hear mass adoption? Unreal.
Could be a big week for LINK. Should press toward $90 soon.
XRP is now sitting at under 1100 satoshis, a place it has not found itself in since December of 2017, when BTC was reaching it's ATH. Once again, BTC is establishing a new ATH and XRP is at an ATL against bitcoin. What happened next in 2017 was that in a matter of 4 weeks xrp spiked 15x against btc, from less than 1100 sats to more than 22000 sats. Now I know...
Using cyclic lines I noticed that the breakout and breakdown points of the 7 and 77 day moving averages on ROX are exactly 137 days apart on a 343 minute chart. ROX broke out on February 27th and broke down on July 14th for a net gain of 141.45%. The breakdown continued from July 14th to November 29th with a net loss of 34.28%. Then on November 29th, ROX's 7-day...