Tag: Cryptocurrency

01/13/24 – “Bitcoin & Ether spiked up with Bitcoin reaching its ~48,000/BT target, setting its highest daily close at 47,985/BTH (47,108/BTC) on January 8 and fulfilling its multi-month buy signals from mid-September ’23 & mid-October ’23.  It dropped from there, leaving intact its highest weekly close (in Dec ’23) that perpetuated an ~8.5 – 9-month/36 – 38-week high-high-high-(high) Cycle Progression. These peaks offered the ideal place to lighten […]

01/11/24 – “The Battle Rages On!  The Dollar remains under pressure and Gold has been consolidating, leaving room for Bitcoin to shoot up to its 3 – 6 month extreme target near 48,000/BT.   As detailed since early-December:   — 12-06-23 Weekly Re-Lay Alert – “Bitcoin has nearly reached its multi-month upside target – at ~45,000/BT (see Oct., Nov. & Dec. ’23 INSIIDE Tracks) – and could spike […]

01/11/24 – “Bitcoin & Ether spiked above their late-December cycle highs in anticipation of, and reaction to, the SEC ruling on Bitcoin ETFs.  That allowed Bitcoin to spike up to ~48,000/BT and set its highest daily close at 47,985/BTH (47,108/BTC) on January 8, fulfilling its multi-month buy signals from mid-September ’23 & mid-October ’23 while reaching extreme upside targets for this phase of the crypto rally:   […]

01/10/24 – “The Dollar Index has consolidated after surging from intermediate cycle lows on December 26 – 29.  A subsequent low could be seen on January 25/26.  The question is whether any additional upside will be seen in the interim. The Dollar has neutralized its daily downtrend multiple times but would not turn that trend up, and elevate this rally to a higher magnitude, until a daily close […]

01/06/24 – “The Dollar Index surged after setting its lowest daily close (since early-August) on December 27th & intraday low on December 28th, fulfilling the latest phase of its ~4-week cycle… Bitcoin & Ether fulfilled projections for rallies into December 2023, the perpetuation of an ~8.5 – 9-month/36 – 38-week high-high-high-(high) Cycle Progression.  Coinciding with that, Bitcoin attacked its multi-month upside target – at ~45,000/BT while Ether tested & held its upside target at […]

01/03/24 – “January 2 – 4, 2024 marks the opening range of the month, as well as the opening days (though not the complete opening range) of the quarter and year.  As such, there are certain expectations surrounding these opening days (see page 2 for a couple of those) and what occurs after them. As repeatedly warned, many markets will start a new period with […]