18 May 2024

Tag: $BTC

Bitcoin bulls beware! Topping pattern to trigger more downside?

You know I was hoping to enjoy this weekend off from charts, but I could not help myself. Many traders, even just for curiosity, had their eyes glued on the bitcoin chart given the Israel-Iran tensions over the weekend. Before the markets closed for the weekend, they did sink as the Iranians said they were…

15 April 2024
Gold hits record highs. Do not FOMO!

Gold prices against fiat currencies are printing new all time record highs. The only pairing which has not yet printed record highs is gold against the Swiss Franc, but it is almost in new record high territory. In this article, I will provide a technical game plan to play gold. But first off, let’s talk…

11 March 2024
Gold price contracts hit highest level ever as US debt rockets

Hold up Bitcoin! Gold wants to join in on the party! Gold futures for April have hit $2,126.30 per ounce, the highest level dating back to the contract’s creation in 1974. Yes folks, gold has hit its highest level ever. When adjusted for inflation, gold set an all-time high of about $3,200 in 1980, according…

5 March 2024
Bitcoin on the path to new all time record highs

Bitcoin has topped $57,000 for the first time since 2021. And from a technical perspective, the world’s largest cryptocurrency is on the path to printing new all time record highs. In terms of fundamentals? The Bitcoin ETF. This was the catalyst many bitcoin bulls were waiting for. An ETF makes bitcoin ‘legit’ in the eyes…

27 February 2024
US Bitcoin ETFs begin first day of trading

Bitcoin bulls have been waiting for this news. The biggest catalyst touted by Bitcoin traders and investors was the SEC approving US Bitcoin ETFs. That day has come and US Bitcoin ETFs have begun trading today. The SEC approved the first ever batch of Bitcoin ETFs to come out of the US with the green…

11 January 2024
Bitcoin to $50,000 by year end?

Back on October 24th 2023, I laid out my technical analysis for Bitcoin and told the bulls that a major breakout had triggered. The breakout zone was the $31,000 zone and I expected upwards momentum while the price of Bitcoin remained above this price level. In that article, my next resistance zone came in at…

7 December 2023
Bitcoin tests critical intraday support. Is the Grayscale catalyst fading?

The bitcoin move on Tuesday August 29th 2023 had the crypto bulls excited. The catalyst? The US Court of Appeals for the D.C Circuit siding with Grayscale in a lawsuit against the Securities and Exchange Commission (SEC) which had denied the Company’s application to convert the Grayscale Bitcoin Trust to an ETF. Bitcoin, Ethereum and…

31 August 2023
Bitcoin tumbles on Elon Musk’s SpaceX dumps holdings

Last month, I gave readers my Bitcoin analysis and highlighted key levels. At that time, Bitcoin was testing a key resistance zone and after weeks of futile attempts to break through, the sellers piled in. There was one key breakdown of critical support which then turned my mood bearish. This is the chart and projection…

21 August 2023
Bitcoin to $180k? Breaks critical support ahead of Fed rate decision

Bitcoin bulls are excited about Fundstrat’s prediction for $180,000 bitcoin before the April 2024 halving. To put that in perspective, that would be a 500% plus move from current prices in less than 12 months if the prediction comes true. The reason? Supply and demand. Currently, bitcoin’s daily demand is $25 million and is just…

25 July 2023
Neptune Digital Assets (NDA.C) bucks the specialization trend

Usually trying to be all things for all people is a bad business strategy. Mostly it stretches your operation too thin. You might be really good at one or two things, and only so-so on others, but if you spread out to include all the operations you can manage, you can usually expect mediocrity across…

5 April 2022