$SOL continues to have strong performance, and is now approaching key resistance levels ahead. These are my key long-term price targets for SOL, there has already been a break above the yellow trendline at $110.38. I have $171.92 as my next key resistance level, and then resistance near previous all time highs at $248.95.
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The Altcoin market has rallied from the lows of the trading range and has now reached the midrange. I think Bitcoin is showing some concerning resistance at $58.5k, I would carefully monitor the price action to see if Altcoins form a peak here and start trending down. If Bitcoin manages to climb above $58.5k then […]
Read MoreNext week there is an important FOMC meeting on Sept. 18 where the Fed is expected to announce a 25 bps cut. Bitcoin has formed a peak near the two previous FOMC meetings in June and July (marked by light blue circles). I think the there is a good chance that Bitcoin is also forming […]
Read MoreThere are numerous indicators flashing warning signs for a recession or major economic downturn. Blood Indicator: A Recession Warning This chart features the blood indicator, which is the ratio of US 3-month Treasury Bills to High Yield Spread. Historically, the blood indicator crosses below the 100 week moving average before a major financial crisis and […]
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The Altcoin market has rallied from the lows of the trading range and has now reached the midrange. I think Bitcoin is showing some concerning resistance at $58.5k, I would carefully monitor the price action to see if Altcoins form a peak here and start trending down. If Bitcoin manages to climb above $58.5k then […]
Read MoreNext week there is an important FOMC meeting on Sept. 18 where the Fed is expected to announce a 25 bps cut. Bitcoin has formed a peak near the two previous FOMC meetings in June and July (marked by light blue circles). I think the there is a good chance that Bitcoin is also forming […]
Read MoreThere are numerous indicators flashing warning signs for a recession or major economic downturn. Blood Indicator: A Recession Warning This chart features the blood indicator, which is the ratio of US 3-month Treasury Bills to High Yield Spread. Historically, the blood indicator crosses below the 100 week moving average before a major financial crisis and […]
Read More