FaustDick

FaustDick

ETH's breakout against Bitcoin is a strong indicator that capital is slowly flowing out of BTC into altcoins, which could eventually trigger a full-blown altseason.

FaustDick

I think it's inevitable and what happens next could be beyond imagination. No financial advice!

FaustDick

I like to think that 65% may be the top for BTC.D, but it cannot be ignored that BTC.D has gone to around 72% in the last three cycles. Will it do the same this cycle?

FaustDick

We may see a classic five-wave pattern to resistance before a retracement back to 92k to fill the CME gap, unless BTC makes the rare decision to leave the gap unfilled.

FaustDick

BTC decided to fill the CME gap at 97.3k first, while the gap at 92k remains unfilled, what makes a retracement to 92k at some point still highly likely since CME gaps almost never remain unfilled.

FaustDick

It looks like we're forming a bottom for altcoins. Altcoin season seems to be getting closer by the day.

FaustDick

Bitcoin broke above resistance at 95k but the CME gap at 92k remains unfilled which is unlikely to stay that way. Makes a long entry at 92k very attractive as resistance is already broken but no financial advice: Price could also retest 89k or go even lower.

FaustDick

The last time the monthly MACD for ETHBTC made a bullish cross, ETH went from around $175 to almost 5k. At that time the monthly RSI for ETHBTC was at 46. Now it is at 24 and the monthly MACD is still trending downwards but could turn anytime. Glorious times ahead! No financial advice!

FaustDick

The weekly RSI for ETHBTC is the lowest it has ever been. I expect one last liquidity grab at 0.01615 before the tide turns. No financial advice.

FaustDick

Are people sure they want to give up on ETH? The weekly RSI looks like it may have found a major bottom. I wouldn't ignore it. No financial advice.

FaustDick

TOTAL3 looks poised for a major upturn. Don't give up on Altcoin Season! No financial advice!

FaustDick

The Dow Jones has broken above its 125 year trend line and right now it looks like it may have a successful re-test, which could be huge.

FaustDick

If BTC doesn't fill the CME gap at around 92K, it will be the first unfilled CME gap since October 2020.

FaustDick

Looks like ONDO may have completed an Expanded Flat Correction and is looking at a medium term price target of $2.65. No financial advice!

FaustDick

It's done. BTC.D finally grabbed liquidity at 65%. Now the majority of liquidity is below.

FaustDick

The BLX trend channel has been corrected; the previous trend channel was probably incorrect. This is what it should look like. The mid band is important since it has marked significant resistance and support in the past. It gives us a price target of around 400k.

FaustDick

The Bitcoin bull market from its low in January 2015 to its high in December 2017 lasted 1064 days and the price rose from $163.88 to $19,764.51. The Bitcoin bull market from its low in December 2018 to its high in November 2021 took 1064 days and the price rose from $3,211.19 to $68,944.62. If this is repeated, the Bitcoin bull market from its low of $15,804.43...

FaustDick

Correct me if I'm wrong, but this has got to be one of the craziest monthly candlesticks the stock markets have ever printed, and perfectly completes a potential wave 4 in a 5 wave count.