RobBiddle

RobBiddle

BTCUSD is a a pretty big danger zone as it drops towards the 2017 peak. The resolve of Bitcoin maximalists and dip buyers is about to be tested. So many say things like "Bitcoin bear market bottoms NEVER go below the previous cycle high!"..... never say never. BTC will rise again, but it's hard to say how low it may end up going before a bottom is found. "Rules"...

RobBiddle

The market peaked in Nov and is in Bubble-Bust-Mode. DXY is breaking out upwards from a multi-year consolidation. Looking back to the DotCom Bubble and comparing NASDAQ to DXY, DXY broke out near the equity peak and reached its peak when NASDAQ was near bottom of the crash. It's not a perfect correlation in shorter time-frames, but close enough that it may be...

RobBiddle

When the meme gets tired and stale, business fundamentals come into focus. With the broader market bubble bursting, the next couple years will likely see this overvalued meme stock retrace to something resembling sane valuations based on out of fashion things like pricing a stock based on reasonable multiples of revenue and profits.

RobBiddle

Bubble burst mode engaged. It'll be back to reality for most equities. Speculative garbage and big tech has the most air to be let out of the balloon. MSFT is a great large growth company but a price/revenue ratio of 12+ is insane, it has to fall quite a bit to be a good buy.

RobBiddle

The 4hr 50 EMA just crossed the 100 EMA for both IXIC and SPX. That hasn't happened to both major indexes since the COVID crash in Mar 2020 and the 2018 interest rate tantrum prior to that.

RobBiddle Updated 

Heikin Ashi daily is interesting. RSI daily peak was on 2021-01-03 with bearish divergence since then. That RSI peak is right near the 0.618 of the bull run starting 2020-12-11 through today 2021-04-08. No idea where price goes from here, a break out and the top is likely to blow off in rapid fashion, but it looks like we have a lower high so a big correction...

RobBiddle

Pretty sure this is going to be weekly bottom, daily bottom possibly as well. My previous idea showing a possible wick down to this area played out after a bit of a fake out to the upside. We've been in correction since Feb and this looks to be the final capitulation event. I still think there's going to be a massive blow-off top to come within a few months....

RobBiddle Updated 

LINKBTC looks ready to move up. LINK held on very well during the recent BTC dip. We're about to see a 100/200 MA bullish cross on the Daily timeframe coming out of a nice bull flag.

RobBiddle

Get Ready. The end-stage of this crypto bull market is about to begin. I see BTCUSD at 150k to 180k within a few months.

RobBiddle

LINKUSD looks like it's about to go parabolic. My Wave 5 target is a minimum of 80-84, although I think that could be the top of subwave 3 of 5 with a 5 of 5 top around 125-145. LINKBTC also looks very bullish. I think LINKBTC ends up targeting 3 of 5 at 0.0013 with a correction down to 0.009 and then a 5 of 5 top around 0.0020 BTC Depending on what BTCUSD...

RobBiddle

Not super clean or definitive, but looks like previous support might now be resistance.

RobBiddle

Threw some money at this today. Bakkt, a group that has been trying to bring a Bitcoin ETF to market for several years now, has decided to go the SPAC route to market. SPACs have been one of the hottest things during this crazy bubble market. I expect it will probably go up a stupid amount for no good reason. Target? No idea, let's say $75, lolz

RobBiddle Updated 

Should hit 172 or so on next move up, within an hour or so, which will put it close to where it broke down previously. Will it go on to surpass the recent high of 174.50 or dump? Keeping my stops reasonably tight.

RobBiddle Updated 

Look for a breakout to 167 to confirm bullish move, or enter with a stop below bottom of triangle.

RobBiddle

Not sure what to make of this but it looks interesting. The trend lines from the previous rising wedge still seem relevant somehow. Thoughts?

RobBiddle Updated 

Bearish rising wedge?

RobBiddle

F.U.D.? Maybe, but fear is a highly conserved trait because occasionally that bear behind you is actually about to eat you alive. Baring an unlikely retraction of the SEC complaint with the new Executive Administraion, Ripple is in for a world of hurt. If they lose, their entire business model crumbles and the company disappears, leaving XRP as a useless...

RobBiddle

I'm thinking we've seen the top of major wave 1 in this bull, with a big corrective wave 2 soon to play out. Using Fibs & Waves in attempt to determine what the first major correction for LTCUSD will look like in this bull market. Tell me how I am or will be wrong :-D