ProjectIcarus

ProjectIcarus

Included on the chart are both Genesis and COVID Fibonacci Clusters. The current key support hovers at 5109.5, but one should be wary of the second necessary support at 4999.5 which the bullish trend must hold at all costs.

ProjectIcarus

Included on this chart are both Covid and Genesis Fibonacci Clusters. The current key support hovers at 5109.5, but one should be careful to watch the key support at 4999 to come to an emphatic conclusion that we have begun a true reversal.

ProjectIcarus

The markets are currently in flux. Trapped between what history shows and what the current macroeconomic environment suggests. Reading between the lines, and understanding what factors will ultimately shift prevailing sentiment will become increasingly difficult to decipher. Regardless, I will attempt to examine what led us here, where we are now, and what is to...

ProjectIcarus

Rationale: EJH is currently trading at $0.25 representing a significant value ratio with regard to its underlying operations. Revenue growth YoY has increased 61%, representing its efficacy in retaining net revenue. Shares sold short jumped to 14% of shares outstanding. I believe that it is 1,) Currently undervalued based on fundamental analysis 2.) In a prime...

ProjectIcarus

We’ve been in a bear market rally for the past few weeks/sessions. I believe this was inevitable, but that rejection at the 200MA is also inevitable. Will wait for confirmation, but widespread market collapse will most likely follow.

ProjectIcarus

UST has lost its peg to USD, and I do not forsee any attempts to repeg the stablecoin as being successful. This has significant implications for USDTUST or "Tether": 1.) The psychological "suspension of disbelief" has been broken. Reality has set in that stable coins can, and have, lost their peg. Previously there was no major stablecoin to have completely broken...

ProjectIcarus

This is my final chart and projection regarding the future price and environment surrounding Bitcoin. There is a lot to unpack here as I have attempted to account for all technical, psychological, and economic factors that may come into play. Let's begin. Let's start with the Technical perspective (Scenario #1). As you can see from the chart, I am using Elliot...

ProjectIcarus

Today I will be attempting to explain and predict the future trajectory of U.S. asset markets. *FULL DISCLOSURE* >My current investments include PUT options on full market ETFs such as ARKK, funds, and treasury bills (TLT). My investments also include call credit spread options on many Cryptocurrency stocks and portfolios with expirations within 1.5 years. I do...

ProjectIcarus

We are reaching a critical turning point for Bitcoin. As you can see in the chart, there are numerous factors that can aid in predicting where Bitcoin will go next. There are two houses of thought that I have seen as we approach this critical point. I have marked the daily chart with what I believe to be Left, Head, and potential right shoulders of a larger H&S...

ProjectIcarus

Barring any black swan events, HNT is posed to bounce off of the MA wave into an uptrend. If this support is breached, however, further downside is possible.

ProjectIcarus

As you can see from the chart, BTC is heading towards trend lines marked by deep blue horizontal lines. Once each support is breached one can expect further downside. Barring the occurrence of a black swan, BTC should bounce off of the lower resistance and head close to previous highs before further downtrend, this completing a full H&S pattern.

ProjectIcarus

I think the chart speaks for itself with regard to the short-term future of Bitcoin. 100% of all past 1-4H chart readings that have painted a similar head-and-shoulders pattern have lead to decline. Look for a drop back to 50k with further downside below current lows if support is breached.