Bitcoin looks ready for a significant break out to new all-time highs as $49,700 does not seem to be a strong resistance level. The next resistance level at $58,353 will lead us to another fractal to the upside if this follows through.
Bitcoin dominance may be on the brink of a massive influx of strength. If I am correct, it looks like whales are in the early phases of moving their altcoin profits back into Bitcoin. Assuming this is true, we will start seeing a flight of capital move away from altcoins like Ethereum, Cardano, & Ripple to take profits by moving back into Bitcoin. We may be in...
Ethereum is on the verge of a massive break out. The 200-week moving average is currently acting as a resistance for Ethereum (being below this garners a very rare opportunity). We have been following the major triangle Ethereum has broken out from at the start of the year (a structure dating back to 2017 indicating 500% upside). Most people can not see the 200...
Intel is bouncing on the 200 week moving average, which was the March 2020 COVID bottom. Oversold earnings play with upcoming announcements in September this is a solid long term cash producing asset paying $.33 for every share you hold. This entry is likely to be unmatched with the upcoming patents filed by INTEL for Bitcoin Mining, Artificial Intelligence, and...
OneSpan saw options trading volume of 5,818 contracts, representing approximately 581,800 underlying shares or approximately 147.6% of OSPN's average daily trading volume over the past month, of 394,105 shares. Especially high volume was seen for the $22.50 strike call option expiring August 21, 2020, with 612 contracts trading so far today, representing...
1) Both Top 2.4% Above 50.00% FIB 2) Both Mark 38.20% FIB As R/S 4) Both Top At Moving Average 3) Both Fundamentals Similiar (Unemployment, QE ) Let me know your thoughts and comments below!
Bitcoin is setting up for a bullish CME Gap Fill at $7,600 before the May 2020 halving. A perfect textbook Head & Shoulder pattern has formed on the daily which indicates short term bearish pressure. If we do not break above $9,175 then we will most likely complete the break down below the shoulder neckline to a possible target of $7,600. The only way this can be...
While many continue to focus on Bitcoin’s price, its network has set a new record in its hourly USD transaction volume for the first time in history, the network processed a total of $8.9 billion in on-chain transactions in a single hour on Dec 4th. In the last two years, Bitcoin’s daily transaction volumes have seen massive growth, increasing from a mere $200...
Bitcoin is in a very unique place as it's dominance chart is correlating heavily with gold which also affects BTC's price in the same direction. The S&P 500 surprised institutions after breaking new highs and continuing the 12-year bull cycle, it seems as if liquidity is flowing slowly away from the storage-of-value hedges like Gold and Bitcoin back into...
Bitcoin BTC has seen significant sell pressure & based on past patterns, without buy volume in equal amounts it will be hard to keep price action moving up. We are now oversold on the daily RSI for the first time since we saw a massive discount to 3K & it seems like we may have that opportunity once again around 6K as the economy stays in turbulence and BAKKT...
Bitcoin BTC has shown us that TA is always a huge factor and when the 50D crossed below the 100D we saw the bears step in. With the recent Bakkt futures launch and minor 'death cross', it's very high risk to be long on BTC. Interestingly enough, when futures first launched over a year ago we saw a similar market reaction with shorts dominating the order books....
This may be a bit of an extreme opinion on Bitcoin BTC but this is more based on fundamentals alongside some technicals. Over the last few months that BTC has consolidated over & under 10,000 it seems like there’s a genuine buyers market under the 10,000 level where people don’t mind buying BTC. Along with that, big evens are important especially going from...
Bitcoin BTC has been able to move back above 10000 with some bullish indicators. The 4HR ema seems to have broken bullish along with the RSI. When this happens I like to use previous market structure as a reference of where we may go and so 11,000 would be the next bullish target assuming we copy the previous trend. During the weekend and holiday there seems to...
Bitcoin BTC has closed below the 100D moving average for the first time since the start of the bull run from 3k. Along with this, volume seems to be disappearing and total crypto market cap has broke a major support level. BTC dominance is at all time highs since altcoins have taken the biggest hit during this rally and consolidation period. At this point it’s...