i think equity markets will run for all time highs.
we might see some sharp bullbacks in short term trades , but overall bigger picture still looking bullish to me.
watch for big dump if SPX overshoots up to 4000-4200 range.
The SPX has broken above the 50% fib level and looks set to visit the 61.8% retracement.
Prior Analysis
We have already moved beyond my prior analysis targeting the typical 50% retracement, whilst this is not uncommon it is certainly a testament to the power of stimulus and a positive narrative, or perhaps naivety, as the Federal Reserve has stepped up their...
so tell whatchu I still suspect the H&S pattren forming but I really think it is and if so The Rs is gonna be the begining of 2020 bullrun especially now with only 6 weeks till the halving and btc already hitting the 3k bottom it might not be like a straight breakout but it will eventually reach what we all have been expectin' and especially if btc closed the day...
Well see how this develops over time with all the madness going on right now. Still looking bullish atm, will know forsure when price moves back into triangle pattern and shows signs of strength again. Market cycle is complete! What will the next market cycle be? Bullish or Bearish?
This could be completely wrong however I write this with a smile on my face. If we are on in the correct wave cycle, then I believe the top of 100K is possible if all things play out like they have in the past. It is hard for me to forecast going past 100K ; this is already 5x of the ATH which is very possible. There are obviously a lot of factors in play ...
We have an inverse head and shoulders formation in the weekly TF.
+ Also, the bottom levels of the right inverse shoulder are very near to the fibonacci golden pocket.
+ Looking healthy on the 20 Weekly MA
+ Finally, we are above the long downtrend that now provides solid resistance for the future.
+ COINBASE:BTCUSD
Ethereum to $365 early March if we maintain our current ascending channel (6 weeks strong). Both of the previous bull runs maintained their channel until they reversed to complete their wave.
The first ETH run end of 2017 went from $300 to its ATH of $1400 over the period of 3 months in 3 distinct runs (That’s an average of almost $100 a week!)
The second run...
Photon Controls setting up for nice move up, DEMA 11/22 crossed and rising. DEMA 22 sitting at support of $1.25 and DEMA 11 sitting at $1.35 or high for previous week with trading staying between $1.27 to $1.35. A/D is above its 22EMA sitting flat looking for it to start rising in the coming weeks. Photon Q3 showed cash and cash Equivalents of $34 Mil, used $.9...
