EncryptShawn

EncryptShawn

If you have been following my posts, you know I have been putting focus on the collision of a 6 month descending channel and a strong 5 year ascending trendline. The collision finally occurred mid-December and the two trends have been battling it out ever since. We have seen the 5 year trendline(Dark Red Line) be tested twice already, I offer no certain evidence...

EncryptShawn

AGNC has a great Dividend at around 10%, used to be 20% though when money was near free as they make their money on (long-term/short-term) credit swaps. Loose monetary policy fed AGNC coffers and loose monetary policy has been returning. After seeing 3 rounds of QE along with 3 rate cuts in 2019 and a presidential push for negative interest rates from the feds,...

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LINK (ChainLink) long term outlook still looks quite bullish, riding well over the multi-year support and still holding a much higher and near parallel, bullish ascending channel. We are currently sitting at bottom of channel, minimizing entry risk but entry should be leashed with a short Trailing Stop Loss. Top of channel is $3.52 or so around the end of January...

EncryptShawn

Here we are finally, after watching and waiting for this collision for months now, we have finally arrived at what is almost certainly the bottom for BTC. We see a 5 year ascending trend which just caught the free-fall inside of a 5/6 month descending channel. At this point either the 5 year trend can break and the 5 month down trend will continue or the 5 year...

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After an array of failed emergency monetary tactics such as a $500B a year corporate tax break, 3 rounds of Quantitative Easing and 3 rate cuts, finally after the trade deal was announced, we peaked our head well up above the bottom of channel / sub-channel we had been stuck in for over a year now. This was additional evidence that the drag on stock markets...

EncryptShawn

All the rage is about how the economy is doing great, the best its ever done, they say. This trend line in the S&P 500 with relevant data for reference says otherwise. Suspect SPX will see 3k again this month even though it normally rallies in December. Without major intervention in way of massive trade deals or taking measures that further reinforce we are in...

EncryptShawn

I have been posting these trend for a while now, we see an evident descending channel ever since $14k. The recent bounce firmly rejected 8k as resistance and then again was smacked down under even lower channel resistance and is primed to fall to ~$6550 bottom of channel over the next 3 days. In the event BTC falls to bottom of channel to bring this intersection...

EncryptShawn

Two major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I...

EncryptShawn

BTC was riding a 3 month descending channel and recently finally broke up out of channel but has since come back down to test support at the previous top of channel resistance. We are holding support right now and this pattern is also very much in line with what to expect on a break out, test support first, then run. This also could end up, yet again just being a...

EncryptShawn

I use the S&P versus DOW and Nasdaq in order to cast a broader net across more assets however, the other markets seem to echo similar despite having choice selection of underlying assets. For the last 10 years since the recession pounded the markets, we have maintained a clear ascending channel exhibiting strong support and resistance trend lines. The trend...

EncryptShawn

If we can manage to break and hold $9k, it would be extremely positive price action after two months of repression in this dominating descending channel. If we receive more news like the news from China today, we could break right through it. More likely though, based on previous resistance at top of channel, $9k will be really hard to break. If we dont break...

EncryptShawn Updated 

There is a possibility a light lower line support could prop BTC back to $8k but realistically, if we come back up, its more probable to find $8k to be resistance now. Then there really isnt much between BTC & $6300, possible a fire sale for a short bit below the trend-line before popping back up. Currently the global books @ vcdepth.io show BTC signalled the...