This chart shows the expected growth rate of BTC, following a logarithmic trend coming from its infancy. According to this chart, BTC is currently trading at a lower price than the minimum expected price it should be trading at this point in history. This only happened twice during the last 9 years. Both times, the wick below the expected price marked the bottom...
Hey guys. I feel we have a very strong bear thesis on BTC, on the technical and on the fundamental side. On the technical side, we are on a descending channel on the monthly, a bear flag on the weekly, and a descending triangle on the daily. The weekly EMA ribbon is also starting to flip bearish. On the fundamental side, we have tether, which fuels the crypto...
Btc fell out of the rising wedge on the monthly, and price target is at the bottom of said wedge, at 15k.
Waves hit established resistance at around 18.5$, and was rejected. A high RSI reading, along with the rejection at the resistance level, compounded by the impending crypto market retracement, makes for a very high probability short position with an upside (or downside) of around 30%, back to 12$ support level.
Shiba Inu is a meme token hyped in the last few months as a "doge killer". With such an outrageous "use case", its no wonder it has been dying as the hype fades. It is still in the top 100 of cryptocurrencies. Coinbase listing announcement yesterday caused the price to surge again, inverting a succession of lower highs and lower lows. Coinbase pump is over,...
Tether dominance bounced off daily support level, and is on the rise, suggesting money is leaving the market and seeking refuge in tether, which in turn suggests another correction in the crypto markets, typical at this time of the month.