Watch the moving averages and cloud levels here, as well as areas for price consolidation. It's a bit prettier than BTCUSD, isn't it? With the prices of OIL_CRUDE moving back up again, it's hard to tell whether BTCUSD is performing well against it, until you use a chart like this. Type: BTCUSD:BITSTAMP/OIL_CRUDE in your bar to find this!
It's hard to see where we're going from this exact moment, but this should be a handy chart to look at in general. Just as BTC/NASDAQ was super informative and telling to look at.
Monthly MACD momentum shifts are very, very good at helping us find local tops and bottoms for BTCUSD. Despite all the bearishness, we may actually be in for a short-term rally over the next month. Who's willing to bet that even a GROWING CPI would not stop this momentum shift? I almost feel as though the CPI is a bit of a red herring. I'm excited to see what...
Bearish momentum seems to have stalled out. Even when looking back to 2018 and how we dumped at similar relative levels--we have yet to see much of a bullish shift in perspective, even with rising prices. This could be signaling some sort of bear trap. When you look at things from a perspective of strength--I am not convinced that bears have the strength at this...
Let's keep it simple: there's a lot of resistance we need to break past in order to actually break up. Even still, looking downwards for an easy path is not certain either. If Bitcoin can survive the declaration and act of sudden war of a large country and economic powerhouse such as Russia, can we even trust that it will break downwards?! The path is not clear,...
Simple chart, simple message: This is Bitcoin versus the Nasdaq. This is not the US dollar, but rather one way of measuring how well bitcoin does against the stock market. A breakout is likely to happen soon by Bitcoin. This is not only evident in the basic symmetrical triangles drawn here, but also evident in the relatively low volatility on Bitcoin for nearly...
Bearish momentum is stalling out, even while the threats of war, hyperinflation, and Bitcoin "failure" loom over the heads of investors. While we remain in bearish waters, ultimately the lack of momentum here in either direction, up or down, spells out a NEUTRAL outlook for a majority of remaining crypto investors. The majority of whom are buying en masse,...
This is BTCUSD divided by DXY ^ 2. My message is simple, though it is not foolproof in any way. Just an entertaining and interesting chart I've been staring at, in addition to BTCUSD divided by NASDAQ (BTCUSD/NASDAQ). The message is that even though the DXY is in an uptrend at the moment, perhaps with all the crypto uses popping up around the world, this time not...
The markets, while particularly jostled and unstable, are also as equally unsure. We've seen MASSIVE gains for both crypto and the stock market through 2020 and 2021. But what will happen in 2022? MANY predict a continued downtrend. Some predict a massive crash. Others, fueled by hope, think much higher highs are to be made. Is inflation bad for markets after...
For the moment, this is only an early indicator of a potential bearish price movement of BTCUSD. DXY is showing strength, while BTCUSD is also showing some support at levels 38k to 41k USD. However, DXY is outpacing BTCUSD, and because BTCUSD/DXY^2 is showing some signs of weakness, and re-testing historically bearishly on the 3-Day 200 SMA for BTCUSD/DXY^2, it...
Because of the world's actual, practical reliance on oil, even BTC is having a hard time keeping up. Bitcoin, sadly, is in a bear trend against oil. I don't know when this bear trend will end, either. I cannot tell if it is short or long term. Perhaps someone with experience trading oil futures and whatnot can chime in. Otherwise, watch out, fellow crypto...
I'm Bullish on LINK, but which way will it go in the near future? Here are my targets for the short-medium term. Also keep an eye on BTCUSD. So long as it's above the 20 Week SMA and 21 Week EMA, LINK could be bullish, JUST so long as BTC does not move too violently to the upside or downside. If BTC moves too fast, it may simply outperform LINK. But if LINK is...
The latest volume spike on SLPUSD could mean a huge chance for reversal for SLP. These are potential fib targets. Think they'll be hit? Who knows. But SLP and AXS (both crypto belonging to the Axie Infinity game) tend to move very hard, very quickly. Do you want to spend capital on this potential move? Let me know. It's certainly an interesting prospect. Is it...
LINKETH is starting to show a stall in bearish momentum. Bears stopped selling their ETH for LINK--at least for now. If this is true, based on the Fibonacci Retracement/Extension, we could be looking at a possible 2x gain against ETH for LINK! Some would argue that a valuation of LINK at under 20B USD is criminally undervalued. What do you think?
Potential +25% long opportunity on ETH. Coincides with the relief rally from remarkable lows. Probably safer longing here rather than longing around the 3000 range. Also, ETH could be highly dependent on what BTCUSD does, so keep an eye out for that and manage your risk. Worth noting that there's also a lot of bullish news behind ETH, and also note that ETH...
LONG BATBTC on breakout. Simple. It's obvious just from a simple glance at the line graph of this chart. No candles needed. A few months from now, when we're at peak bullrun and everything is exploding, you're going to be wishing that you had patterns like this to look at. Out in blue-sky territory, there isn't that much to guide you in terms of when the...
Be this a true diamond pattern, or a simple breakout from accumulation, you'd better keep your eyes peeled on BAT for the next 0-96 hours. Judging by the month+ accumulation BAT has had, and other various long-term patterns showing strength on the BATBTC and BATUSD charts, you definitely do not want to sleep on BAT. Trend is your friend regardless. It's going to...
Put simply, BAT has had an amazing accumulation phase and continues to have it. From the pits of despair at the lowest BAT-to-Bitcoin ratios we have ever seen, can BAT really climb out and reach higher than most of us would ever expect it to, given its past performance? BAT remains at a very, very low price. Even though it's at such a pitiful price today, many...