It goes without saying, this bull market has been the most hated I’ve ever known. Retail traders attempts to go “short” on every leg up resulted in quick squeezes. Every 1% to 4% correction brought renewed calls for the end of all things. Including time I believe. There is a reason why 90% of market participants fail in trading. Emotions. The last four long ideas...
Firstly a big thank you for taking me past the 10k likes on Tradingview. That’s a great milestone and tells me the ideas must be appreciated. If it is okay with you I’ll continue to share them freely. As a thank you for taking my ideas past this milestone I want to share the idea that will challenge 95% of those reading. You will just not believe what is about to...
Bitcoin price action has continued to frustrate market participants with price action resistance at 70k. That’s about to change. Why? 1) Price action and RSI resistance breakouts. 2) A trend reversal is evident with the first higher low on May 11th now followed by the first first higher high. Yellow arrows. 3) The flag, you can see it? It is very clear. A...
There is growing evidence for it. On the above 10-day log growth chart price action has been riding the ‘mean’ log growth line for a little over 1 year now. Throughout this whole time price action trades within an ascending channel, a bear flag. Within this bearish channel a smaller bear flag is printing. A measured move on the smaller bear-flag confirmation...
On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Confirmation of support on past resistance. Horizontal blue channel. 4) The flag pattern flagpole...
On the above 4-day chart price action has corrected 10% from the 4600 summer high to find support on the Golden ratio. A remarkable moment now exists to have long exposure. Why? 1) RSI and price action resistance breakouts. 2) Support on 2022 resistance. What a signal! 3) The Cup and Handle pattern confirmation is textbook. The handle breakout follows strong...
On the above weekly chart price action has corrected 97% since September 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action confirms support on past resistance (see arrow). Look left. 3) GRM support has already confirmed. 4) The falling wedge...
On the above 2-month chart price action has appreciated 8500% since September 2015. A number of reasons now exist to be bearish. Side note: Timing the market tops or bottoms is not my forte. Instead, these large time frame ideas are an attempt to measure the probability of continued trend versus risk. Why bearish? 1) The ‘incredible sell’ signal prints. On a...
On the above 4 day chart price action has risen 800% since last October. A number of reasons now exist to be short, including: 1) Price action support has failed. 2) Regular bearish divergence. This negative divergence can also be found on the BTC pair of the token (below). 3) Price action is following the Gaussian channel after a strong rally as shown on the...
The alt-token market offers some interesting opportunities following retail capitulations. At this moment there is a handful of plays that generally exist under the $100m market capital evaluations. It is worth noting some of my best first long exposure to alt-tokens were below this market cap. That includes MATIC (idea at bottom), and Solana, and Cardano. How was...
On the above weekly chart price action has corrected 97% since late 2021. A number of reasons now exist to consider a long positions. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal confirmation. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. Price action finds support on past resistance on the...
On he above 4-day chart price action has corrected 99% since $9 in 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms the 21-week EMA. 3) The falling wedge breakout confirmation may now be used to forecast the market top for this alt.token at 6000% from the lows. That’s just shy of...
On the above monthly chart of BNB token there is easily an hour of topic to discuss. However attention spans amongst the equity providers do not afford a detailed explanation so the short version.. 1) Price action is in a legacy uptrend channel since inception with a confirmation of uptrend continuation (unlike LTC). 2) Price action is at resistance after three...
On the above weekly chart price action has corrected 80% since late 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance. 3) Trend reversal. The first higher high / higher low has printed since 2021. 4) A pennant formation with confirmed breakout. A reliable...
On the above 1-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Broken price action and RSI resistance. 3) Price action is testing past resistance (green line), look at the weekly chart below. 4) Price action has corrected to the golden ratio (see weekly chart...
On the above 2 month chart price action has grown 1300% since the 2007-8 correction. A change in direction is now on the horizon for Texas Instruments. 1) Support and resistance. The yellow arrows point to 15 years of price action support. That support has now failed. 2) A trend reversal in the RSI oscillator is clearly visible. This is bearish divergence. 3)...
On the above 5-day chart price action has corrected almost 80% since the 500% move from the previous idea. Now is a good opportunity to go long. Why? 1) Price action and RSI resistance breakouts. 2) Trend reversal, higher highs and higher lows replace lower highs and lower lows. 3) Price action finds strong demand on past resistance. Orange circles. Look...
Since August of last year price action has risen to provide a 1700% return as forecast (long idea below). A number of reasons now exist to appreciate long risk far outweighs reward. On the above 8 day chart: 1) Price action has arrived at legacy resistance in the uptrend channel. Look left. This is also true for the FET.btc pair (below) 2) As with previous...