BrianVS

BrianVS

Nucor was driving me nuts the last 3 months constantly setting all time highs (while the rest of the market bled out) when their last earnings had lowered guidance that would have crashed any other stock. Twice at new records I bought puts, but chickened out and sold early for losses when they kept rebounding back to new highs again. Anyways I saw the same...

BrianVS

SPY It’s no secret the economy is slowing, people can’t afford to keep paying more so demand is starting to show reduction in earnings, financials are bearish from the breakout in yields that happened in January with a target for 10Y of 3.35 % (hence the selloff and end of bull run). No one was talking about it, but that was why the selloff started. Also DXY...

BrianVS

ETC surprisingly beat my 55% target increase in just a few days from posting that. Curious if they have bragging rights or awards you can get on here for being so spot on, lol. Anyways, I found 3 things on my chart that all pointed to the same spot for ETC to make a higher low in the uptrend. The peak had a bullish penant it broke down from, I measured it and...

BrianVS

The US5Y looks ready to break above the US10Y rate for bonds , signaling an inversion of the yield curve, the number one precursor to each recession in the US. The 10 year is sitting 3/1000 of a percent higher right now. When they cross I expect the market to turn red today. The breakout of the US10Y from its cup and handle pattern dating back to June 2019...

BrianVS

You can go through my previous ideas but about an hour before the breakout I posted that up to a 55% move was imminent for Ethereum Classic, which was largely trading sideways for a while after being bearish for a long time. I’ve been posting bits and pieces of how the fundamentals are changing even just from all the new development teams releasing projects...

BrianVS

Ultimately a breakout with heavy volume following will be the signal to long or short, and obviously paying some attention to Bitcoin, as everything follows it to some degree. Ethereum Classic broke out of a massive falling wedge a few weeks ago which gave us the high for this symmetrical triangle. Also, it’s in a falling wedge that eerily goes just below the...

BrianVS

It’s looking like Bitcoin has completed an entire 1-12-3-4-5 Elliot wave in the 2020-2021 Bull Run, then had an ABC correction, followed by another 12345 wave, ending with another ABC correction that just finished recently. Now, it appears a turnaround is due, but it also looks like it may be a while. I’m thinking we will be range bound until May inside this...

BrianVS

$ETCUSD has broken upwards from a bearish penant, it’s just lacking volume confirming the breakout, and with the overall bearish sentiment in the overall equities markets it may be hard for people to get bullish. We have bullish divergence on the RSI on 30 min, 1 and 2 hour charts and momentum indicator is turning white getting ready to flip green on these time...

BrianVS

Ethereum Classic broke up bullishly from a falling wedge that started back in November and and a general downtrend since hitting it’s all time high last May at $185. Besides the falling wedge, with a target ironically at $55 (one of the points of most resistance this past year), there is a cup and handle forming that is close to breaking out with a shorter term...

BrianVS

Having a look at the ETCETH chart you can see Ethereum Classic broke up bullishly from a months long downtrend, created an inverse head and shoulders, and has just passed the neckline. It also broke above the 2HR EMA ribbon, which has flipped fully bullish, and is above the 4 HR ribbon as well, it’s just not fully crossed over to a bullish moving averages...

BrianVS Updated 

We may see a small pullback in the VIX early in the trading day, or it can continue bullishly upward towards the target of the massive falling wedge it broke out of recently. Don’t let a few green index candles fool you, we have a long way to go before we crush the VIX, unless there is a serious change in fundamentals. When VIX is high, a good hedge is to...