Ascending wedge with flat top and a few false breakouts must break down over the next few weeks, maybe after the easter holidays.
Price bottom on descending wedge, rebounding to 1p area
Heavy short selling, borrowing Bitcoin from HODL’rs who eventually capitulate. No helicopter money lets from retail side. High transaction fees discourage retail money. Blackrock makes immense profits from retail buyers until retail gives up hope then blackrock start buying again and paying for youtube millionaires sat by the pool to promote buying nothingness and...
Brent heading to $60 area with China struggling. Maybe the EPL is amended around May/June 2024 or M&A happens. Enquest shares have support at around 9p but hopefully 12p holds.
I see Brent heading to the $70-80 range in November and December. I believe this will be driven by economic worries. I believe either the Ukraine and Gaza wars will de-escalate. I see cost of living like mortgages putting downward price pressure on house prices which will drag the stock market down. I also see Gold being priced too high because the norm is 15 and...
Using previous support/resistance lines and the trend from the previous rise. Assume Brent his heading to the $150 area due to supply cuts, under investment and rising demand.
There appears to be a downward trend line that need to break above 17.4 pence
I believe we stay in the channel until a break down to fill the gap at 320 All gaps get filled. US Tech is deflating the bubble slowly. Money supply is expensive so tech will be squeezed. Utility and Food is what people need to live, not AI, not Crypto. Not that AI and Crypto are not wanted just people need food and shelter first.
I believe the earnings will be positive. I believe the hype is a trap. I believe US Tech 100 is in the down phase so all hype is just hype. I may be wrong but i tossed a coin and i’m going short. Good luck.
September 3rd/4th becomes an important time for direction, either big move up or down. I personally think that bitcoin has to bottom out at $7k or $4k twice in order to properly consolidate. But what do I know..
Everyone agrees commodities are heading up over the long term. High interest rates slow down the investment in the equipment and man power to produce these commodities but high interest rates also limit consumer spending which leads to mini glut. Fake news will be used to manipulate the price to spook positions.
short term down to 7230 or 7160 for ftse ukx. small correction thsts all.
short term downward trend with support line at 7250
Bitcoin could take 3 years to double or triple from here with some dipping before hand
I don’t understand the bitcoin trends and patterns or it’s fundamentals. I really try to believe in it.
Accumulate cash for next year, there is no upward drive
important down trend resistance line 10th october 2022 for BTC bitcoin
Once high of 26500 is reached bitcoin will try to find a solid base of around 5000 dollars.