faboose

faboose Updated 

US producers are going to war with OPEC. There are many companies that are profitable at $30/barrel in the states. They're ramping up production. DXY is still trending up as well. (I) Supply and Demand. Demand shrinking Supply increasing at a cheaper rate = Price drop. GL :)

faboose Updated 

$SQ just made a pretty nice breakout and with earnings around the corner I believe Square is going to have a huge surprise with the Bitcoin run we've been on in their Bitcoin department. GL

faboose Updated 

Bitcoin loves you to love it Bitcoin loves you to hate it Bitcoin doesn't care because it loves itself - 1 Bitcoin = 1 Bitcoin now and forever. These moves pretty much always play out the same. Runs up really fast and media goes wild. Then we get a sharp 'drop' that every Peter Schiff will tell you is the top of the ponzi and they to told you so, now buy Gold the...

faboose

With the recent news that Binance will restrict USA clients from trading on their platform I expect to see a pretty decent wave of capitol flowing from ICOs/Dap/anything not already traded on US regulated crypto exchanges, to those that are. Bitcoin should benefit the most, exactly the type of catalyst you would expect to kick off the next major bull cycle. HFGL...

faboose Updated 

Market takes the blue pill, the story ends, China deal is done, you wake up in your bed and believe whatever you want to believe. Markets takes the red pill, we stay in this Wonderland, and figure out how deep the rabbit hole goes.

faboose Updated 

I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (twitter.com) I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going to delay the inevitable. 2400 Is still on...

faboose Updated 

I believe we have found our consolidation zone. If we look back there is still a possibility of ~30% panic washout yet, but more or less we're in the zone. It's going to be a while so I'm not in a giant rush, which is nice because: 1) Allows one to place some fishing bids around wick zones. 2) A good time to spread out buys, no rush. 3) Be on auto-pilot,...

faboose Updated 

One of these trends is about to become the dominant - Big move coming one way or another: A) Washout 6k floor, test 4k - 4.8k B) Break out of bear trend, need ~10k touch to confirm. GL (I'm hoping for bullish breakout, but prepare for the worst)

faboose Updated 

In order to paint this picture I must fast forward - Scroll down to next dashed lines if you don't care about setting the stage. ---------------------------------------- It is November 1st 2022, the entire legacy world economy is in free fall, a mixture of events lead us here: * Iran's people successfully rebelled against their financial oppressors...

faboose Updated 

What a year for $LTCUSD up 11,700%!!! Litecoin and Charlie Lee get it, they know where crypto is going and see the massive tsunami of users coming in and they're helping build the platforms that will better on-board this tsunami. I'm sure you or someone you know has been stuck for weeks trying to get confirmed with Coinbase Gemni Stamp you name it. There are HUGE...

faboose Updated 

We're consolidating perfectly, I expect a jump to .30cents very soon. Good luck!

faboose Updated 

Ever since Charlie Lee retired from Coinbase/Helped SegWit adoption in the Cryto industry I have been telling everyone looking at crypto to get some Litecoin. Well, I think the moment we have been waiting for is here. Litecoin just had a very nice consolidation period building a great base for this next extension. Buckle-up everyone, this could get wild.

faboose Updated 

Lot of people out there who have never made a single Bitcoin chart until the last month when CNBC, Bloomberg, Yahoo, you name it suddenly became "Crypto Professionals" Well, here's one for all the bears ;)

faboose Updated 

I honestly cannot believe where we're at, lets review a few things. 1) PBOC STILL does not allow people to withdraw Bitcoin. Buying on these exchanges are the definition of FOMO, they're buying something they may or may not ever get control of. It really is quite the gamble, but I would take it and lots of others as, the premium is almost null at this point...

faboose Updated 

Well here we are, the last prediction to get us here panned out pretty well. We needed to rally into 2017 for the headlines, momentum, and the TA. Well done Bitcoin bulls/bitlievers :) Now what? Well, your guess is as good as mine. We're now at the largest tipping point in Bitcoin's life (happy belated 8th birthday btw!!!!). Given past events, it appears we're...

faboose

Usually I have a cool story to go along with my charts, but I think this chart speaks for itself. It doesn't get much better than this weekly, this is a clear BUY BUY BUY. Good luck :)

faboose

Great R/R here! If this trend is to hold we should at least test .618 area, break that with force and this trend can go all the way to the 1.618 extension. LTC led the charge in to SegWit activation some weeks ago. Some updates should be right around the corner lining up perfectly with the trend bounce! Accumulation mode activated!

faboose Updated 

If we are to break this downtrend we need some serious confirmation. Looking at previous data it seems plausible that a $350ish - $300ish would be a range for the bulls to take in order to convince the market of a reversal. Failure to breakout could result in some serious dumping, tread careful.