Capital Flight & Bitcoin
People often talk about “capital flight”, Bitcoin, and China. But is it true? If it is then it must apply to Hong Kong too, right? Well… This could be a 10K word essay, however charts tell a more detailed story with far less words. The theory is this: Currency issues and/or restrictions in a country […]
$DASH, the MasterNode King
DASH is showing signs of a bottom. Is it an interm bottom, or something better? DASH has been the undisputed king of MasterNode coins for years. Because of that it often signals what is to be expected of the altcoin sector. We are only looking at the BTC pair as that’s all that matters for […]
Tezos vs Ethereum
XTZUSD vs ETHBTC Comparison Just going to let the picture do the talking today. ETHBTC launch price action looks pretty close to XTZUSD. Let’s keep an eye on this. Disclaimer
ETHEREUM
Ethereum is in a fairly stable price channel, for now, but… …can Bitcoin continue to drag Ethereum upwards? The ETHBTC pair is not doing great at all, but it’s more a function of ETHUSD not going up at the same rate as BTCUSD, rather than ETHUSD selling off, which is encouraging. If ETHUSD continues to […]
Tesla Stock Takes a Beating
Tesla (TSLA) Stock Weighing on Elon’s Future Plans The main thesis of the chart is based on something I have heard a fair amount regarding Tesla, Elon Musk, and debt obligations. Which is that a combination of TSLA stock price near $150 & Elon’s debt serving obligations would force him to sell about 15% of […]
Congress to Debate Gold and Silver Income Tax Exemption
The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act (H.R. 1089) backed by the Sound Money Defense League and free-market activists […]
New Mt. Gox Bitcoin Distribution Timeline
Announcement of Order to Change Schedule for Civil Rehabilitation Proceedings MTGOX’s Bitcoin exchange users (“Users”) have delivered a large number of proofs of rehabilitation claims by post. Accordingly, the Rehabilitation Trustee requires a significant amount of time to seek correction of deficiencies in Users’ filed claims and to investigate the details of filed claims. In […]
Is Ripple Still on Repeat?
The pattern of price movement on the XRPBTC chart has been on auto-pilot repeat mode for 22months now. Therefore we currently have a VERY simple market view : Bear: wait for the support to break and short it. Likely to be a short sell for a few months. Bullish tilt would emerge after sideways to […]
Is Ethereum in the Midst of its Seasonal Trend?
The Ethereum / Bitcoin pair seems to be in the midst of its seasonal trend…for now. If the Bitcoin bear market proves too strong then it will suffer and follow Bitcoin lower. The ETHBTC 1D chart should be making the blue box formation now. The break in direction out of that blue box has been the “set up” […]
Litecoin
Not sure what to say about Litecoin other than the bleeding obvious. Lots of similarities in the downwards channel post all time highs. They are relentless in their resistance to upside movements. All buys during accelerated selling events, aka when price goes below support, have turned into a profitable trades. A year and a bit […]
Bitcoin
Bitcoin update Price Action & FIB’s only. Free Public Telegram Group Trade Bitcoin up to x10 leverage Charts are powered by the SCMR Analysis Suite Disclaimer Disclosure: The author holds BTC
VISA
Visa is up well over 1000% from its lows during the 2008/9 financial crisis. The chart is a clear parabola and has shifted into top gear. The corrective phase will begin in an environment of rising rates. This will result in the currently over leveraged public to tighten spending and thus reduce corporate profits. […]
