The DXY looks to be in a 9 year accumulation/distribution structure. We are currently in a retest phase for the last 2 years with the last year being a trading range that looks to be in phase C with a spring. Everyone is bearish the $$$, the BRICS are gonna start their own currency, printing $$$ like crazy and we are all gonna die. Maybe not.
The more they scream 'MOON!', 'The Standard', 'The Chosen One', 'Bitcoin never was the one' etc etc the more rugpulls they can do.
This is how money is transferred from the ordinary person to the large interests and insiders.
I'd be very careful owning Bitcoin at the moment. If you owned BTC, can you get out fast enough if you needed to?
The trend is down! The arrow is going down! Buy again at 0.05!
Only one way for XRP and it is up! Get onboard now!
BTC now offers nothing to the idea of blockchains. It has been relegated to the dustbin of history. $100,000? Really? For what? A slow network, old validation tech, and centralization by a nation state - China. 70% of the hashpower is in China. What makes you think they don't have an equal number of ASICs waiting to be used in a moments notice? 51% attack? More...
LINK looks to be creating a continuation pattern that should lift it to its recent highs. I think the potential for this token is very high.
After hitting the low 50's twice and being met with high volume selling, the FXI looks to be heading down to the bottom of a mutli-year range at ~29. Where the FXI is headed after that is unknown. We could see a spring form at the bottom of the range then a move up, or a continuation of the down move to the lows of 2008. I think that a continuation of the move to...
I would like to see a divergence pattern that would propel XRP above the down sloping purple line.
DGB looks to be moving toward the recent highs. If DGB can break the recent highs then we could see a move to the next important S/R line.
I've looked at a lot of charts but my charts say we will hit $1,000,000 soon.
Possible 4 month accumulation range. Looks to be showing a desire to jump across the Wyckoff creek. If it does, then backs up to the creek then a long should be considered. And no, I didn't copy this from someone else.
Using what little I know about Wyckoff I've outlined the trading range that ZEN seems to have broken out of. We've had test of the support line on diminishing volume. Followed by a move up to the resistance line where ZEN consolidated. After consolidation ZEN moved over resistance. The recent spike down in BTC did not affect ZEN too much as it merely tested the...