Kaspa Yin Yang pattern for 2025 target $6.42 I am giving this post a new name for a chart pattern which I am calling the Yin Yang chart pattern. This pattern is based on the curves of the Yin Yang pattern and not really on the philosophical aspects or traits that it illustrates. I know this may sound strange and I had to try to contain the excitement over this possibility. Maybe some of you professional technical traders can enlighten me as I need it so many times when looking at the charts. What we are looking at is a Fibonacci Retracement from the high price of Kaspa on July 31st, 2024 to the high of June 3rd, 2022. On June 3rd the price of Kaspa was at $0.00062 while the price on July 31st, 2024 was at $0.20781. When we apply the fib retracement we get a fib zone of 1.618 at a price target of $6.42. The interesting thing that shocked me was I posted on X back in 2023 that Kaspa would hit a target price of $6.42 and I based this on several metrics on mining and hash power plus price for both BTC and Kaspa which gave me this crazy $6.42 target. Today is when I decided to plot the Fibonacci zones and to my excitement the 1.618 was right on the price that I came up with back in late 2023. I wanted to share this post so that we can see if this will even happen. This is all speculative but fibonacci numbers are pretty solid targets to consider when looking into future price action.
H3ll0.Trump b0ught th3 cas1n0 s0 h3 w0uld n3v3r l0se aga1n.
Ethereum has essentially ranged the last year with large swings up and down. Major support rests at $2770 and upper resistance at $4700 with a current target of at least $13.6k. While Ethereum has been ranging it's been falling against Bitcoin and like every bull cycle since 2017, Ethereum will be the last to catch up. But that time to buy is now and we can see major volumes have been hitting the Ethereum maket as eth/btc is in the buy zone below 0.031 with a target of 0.09. If bitcoin holds it's current support and runs to $174k in the coming months that puts Ethreum around $15.6k which is very close to my eth/usd target of $13.6k. Aave market has 88% of all Ethereum on the platform (1.64M eth or $5.1 Billion) loaned out and sold short. There seem to be online wars of people fighting over why eth isn't on par with bitcoin. Ethereum futures has ATH open interest yet lending rates are near zero. These are all major signs of the end of the eth/btc bear market. We should see eth outperform btc this year. There's not much eth left to be sold short. I've never seen such reckless shorting of a crypto currency, but it's all fuel of the run up.
Some commentary about the big losses on Monday and how it impacted my portfolio
Not many charts that look like this out there these days that are far enough away from earnings to keep me from breaking out in hives. This one is a little dangerous, given the lack of nearby support after that upward burst, so I'll be holding my breath just a bit. I do think the long term uptrend continues, though. I don't see Trump cutting the defense budget any time soon (that's what every other aspect of gov't and the public good is for, apparently), and probably this area would be last if he did, so that makes it a little bit safer in my opinion. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
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Good Evening and I hope you are well. comment: Not much news. Trade the bull channel until broken. I won’t try to pick the top again. current market cycle: bull trend key levels: 21400 - 22000 bull case: Bulls next targets are 21800, 900 and the next big number 22000. We are in a clear bull channel and bulls are in full control. Longs closer to the 1h 20ema are printing, so trade them until they stop working. Invalidation is below 21400. bear case: Bears doing absolutely nothing right now. Below 20400 we would have clearly broken out of the channel and best bears could hope for then is sideways to down movement to 21200. For now I don’t think you should even thinking about shorting any of this. Invalidation is above 22100. short term: Bullish on pull-backs and target 21800 and then 22000. Still only scalps though. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Buy anywhere.
Good Evening and I hope you are well. comment: Bullish day but still below 105k. Above 105k bulls have no more bigger resistance until 109k but for now the triangle is still valid. It’s not a strong trend or the bars would not overlap so much. Was the move up after the FOMC release from 101600 to 104000 the start of a bigger leg up? Could be. Invalidation for bears is a print above the beginning of the bear leg at 105k. As long as we stay below, bears are ok and we continue sideways inside the triangle. current market cycle: trading range key levels: 98k - 109k bull case: Bulls broke higher after 4 consecutive bearish days but we are still inside the triangle. They closed every bar above the daily 20ema since 14th and that means they are still somewhat favored to move higher. The buying after FOMC was strong enough to expect a second leg up. I do think they need to hold above 103k for that. Invalidation is below 103k. bear case: Bears only target is to defend the strong leg down which started at 105k to keep the market at lower highs. Above 105k most have to give up and try to short again higher. Market has not made lower lows since Monday, so bears do not have much going for them here. Best they can hope for is to stay inside the triangle and go sideways. Invalidation is above 105k. short term: Neutral 101k - 104k, bullish above 105k and bearish only below 100k. medium-long term: 75000 is my biggest target for now and until bears get there, any lower target is just unreasonable. My bias is bearish going into 2025 and I think the odds of a bigger leg down are good. current swing trade: None. trade of the day: Buying the FOMC low around 101600 or earlier since market printed 3 consecutive bull bars already. Stop had to be 100k anyway.