PJBTrade

PJBTrade

Bitcoin is in price discovery. Last time it topped the capital rotation into alts was absolutely biblical. I rode this in 2018 and have be accumulating in this head and shoulders trading range for the past 2 years. Right now we are teasing a breakout and should the 0.005 usd level hold, it will be the highest daily close in 2 years above this major...

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Macro Bear Flag Breakout and smaller Head & Shoulders

PJBTrade Updated 

O.O

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You might be wondering where that channel came from. Well I looked at 40 years of historical platinum prices and that's the channel that is formed. So not only is XPT sitting on the support it has established for 15 years making a bear flag, it it is breaking it's supply/demand channel that it took 40 years to establish. Breaking this long term support and even...

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Pound short with a close below 1.2. This is a death giraffe (dead cat bounce type of formation). GBP not only broke the support it had been making for over 40 years in 2016, it flatly rejected returning to this range. Monthly bollinger bands are widening suggesting an era of volatility with all indications pointing that down is the likeliest direction. I...

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Multiple rejections of the yearly pivot suggest more red in store for the Peso, target is the Yearly S1 support level

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Classic Bollinger Band 3 pushes to a high with a broken Parabola for a projected 80% decline.

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Wyckoff Distribution on Expedia, probably the worst company for customer service on earth besides Comcast. Low volume on the ups, large volume on selloffs. H&S Shape with matching volume profile (low volume climbing, high volume dropping) The chart looks good and I also hope this company ceases to exist so lets all hope I'm right!

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Very large head and shoulders finishing out the right shoulder(s) now. Attempt to reclaim the yearly pivot zone (Pink) failed providing very bearish price action in chich the pivot was gapped below, and failed a retest. So far TWTR has also been rejected by it's maco supply & demand channel. the Head and shoulders price target is well below the next yearly support...

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Multi-Year Wyckoff Distribution Weekly Bollinger Band M Top within Macro upthrust after distribution (UTAD) SMI Divergence Volume Increasing within the trading range (Trait of Distribution)

PJBTrade Updated 

US stock market beast-mode looks like it's over for now. Massive Bollinger bands M-top. I liquidated my 401k to bonds on the 8th of October after a failed breakout of the trading range (upthrust). First target is the center 20MA (also coincidentally the bottom of the Trading range) somewhere around 23500. I expect this to give us support. How the market reacts to...

PJBTrade Updated 

Downtrend is being defeated as we speak. Clear accumulations across almost all alt coins. Squeeze Momentum has been heavily diverging for months on every downward drive, supply as been absorbed and markup is imminent. Should breakdown occur, expect an extended crypto recession.

PJBTrade Updated 

Good Upside either direction it breaks, down being preferable

PJBTrade Updated 

Note last wyckoff schematic where it broke (pink) macro wedge support, and the resulting correction. Scrolling back, you can see the uptrend to the prior high through August has a very similar trend to the recent trend to ATH

PJBTrade Updated 

3 Pushes in progress and yet to be confirmed. Lower relative lows with respect to bollinger bands, a cross below the 20 MA is used as entry. Should Bitcoin not make new highs soon, this is a valid argument for a trend reversal.

PJBTrade Updated 

Thought we were pretty slick blasting out of that wedge after our last ATH dip retrace, we pulled it again here. Anything can happen this high in a parabola though.

PJBTrade Updated 

Strong historic support etc

PJBTrade Updated 

Explaination on Chart