Currently watching this bull flag within the massive symmetrical triangle we have been forming since early February. Looking like the price action out of this flag will determine the move through symmetrical triangle in either the bearish and bullish direction.
The SPY daily is beginning to look a bit scary. Massive bearish divergence on the RSI and negative fundamental news with the Archegos default. Will be looking for downside in the short to medium term down to the anchored vwap from November 9th with has proven to me massive support. Breaking that will likely lead to much more pain on the downside.
Interesting place for the BTC sell off to slow down. Looking like this could be a temporary pause in the action or a reversal back up to the 54K range. Break this level and look for some more price action to the downside.
Long-term this company will continue to thrive for sure
Next btc potential reaction zone in yellow
Buy in the yellow area anchored vwaps x2 Daily 14 mean kdjs low on many TFs
anchored vwaps x2 oscillators turning positive
looking at this yellow area for a POSSIBLE long it is the 2std of a vwap from previous low
Experimental! Near 2std of anchored vwap. Divergences. May yet reach lower, but nice for long-term buy anyway.
looking at this yellow area for a POSSIBLE long it is the 2std of a vwap from previous low
When average entry of all market participants since start of consolidation is matching high, logical whale move is to take liquidity and buy at previous high to show support.
European equity indices are far behind the US markets. If we experience correction in ES and NQ, indices such as DAX gives us very clean structure to follow. Break of a trend line to the downside should take us around a yearly vwap and anchored vwap support around 11600.
GLD and TLT led ETF redemptions in the previous 7 days indicating a shift away from defensive sentiment. SLV played catch up in July-Aug, ripping to 27.39. Among the price/volume family of indicators, CCI showed the most dramatic price divergence. CCI cooled down from 401 to 124.90 while price rose 25% in the same time frame. Using anchored VWAP from July 16th,...