BrettFogle

BrettFogle

The weakness in Bitcoin and inability to hold above the recent highs, plus the current chart action indicates we're likely headed lower, to the $42k to $40k area. Doesn't take fancy chartwork, indicators, or 'studies' to see what's likely coming, so protect any longs and stay in cash to buy back lower. Bitcoin needs a rest before running much higher, and the...

BrettFogle

Even though the inverse Head and Shoulders on BTC failed to materialize... And it looked like we were headed to 'Super Alt Season'. With this much money in the cryptoverse right now... Would any of us be surprised there's some bigger players and powers are in really in control here? And with this many retail traders and FOMO 'dumb money' flooding the market,...

BrettFogle

Bitcoin is struggling to break and hold 60,000 and is losing dominance which bodes well for ALTS to have a big run as money flows out of Bitcoin. ETH is also struggling to hold it's new ATH over 2000, which could also fuel massive transfer of investment $$ into alts like DOT, ATOM, UNI, KSM and AAVE who have solved or are a good alternative to ETH and it's...

BrettFogle

BTC has an interesting pattern when it breaks below it's 50 EMA (Purple line) and back above it before it goes much higher, just like it did back in early February 2021 and mid-December 2020. It's is now back above 50,000 and looking strong for another run at it's ATH and my fib projections show it should go to 65-68k on the next bull run. Our proprietary...

BrettFogle

It's not ideal that ETH is clearly below the 50 EMA here, but it is re-testing important previous resistance from January. We could easily see a bounce here and re-test previous highs at 2000 (because nobody expects it to) and even going as high as 2465. Or we'll likely sell off hard from here until we see capitulation and stabilizing at 1000. Either way, good...