Waves theory. Make sense to see a bear rally pump for EGLD. The target of EGLD in the short term is 104-112$.
We got to 3800 yesterday and it's really testing resistances at this level. So do we move higher from here? If you look at the DOW, it's actually above it's 50 MA and at resistance as well. And yet, 74% of stock are still trading below their 50 MA. We are still in a Bear Market, so we have to remain Bearish. Did you look at the volume we had yesterday compared...
Primary Chart: Long-Term Anchored VWAPs and YTD Down Trendline Whenever price action gets confusing, it can help to take a step back and consider the larger picture again. Many experts have weighed in after each consecutive low in this year's bear market, with some claiming that the lows are in, and others claiming price has much further to fall after the...
I hope everyone had a nice weekend. Stepped away from the markets on Friday as I went to Ensenada Mexico to celebrate my grandfathers 90th birthday. Dude is still going strong and showing no signs of stopping! Always important to spend time with your family, be present in the moment and not always think about the markets. Now, let's get into it. Interesting week...
Primary Chart: NVDA's Downtrend Represented by Parallel Channel with Key Levels SUMMARY: NVDA faces an uphill battle for its bear rally with a great deal of overhead resistance. One must presume at the outset that the rally is a bear rally given the bearish trend structure. Until that structure changes on higher time frames, such as daily and weekly time...
Primary Chart: Fibonacci Levels, Symmetrical Triangle Broken in September 2021, Anchored VWAP , and Downtrend Line On September 21, 2022, SPX's had a breakout to the downside from a multi-month symmetrical triangle pattern. This pattern was discussed in a post prior to the breakout. But when price breaks out of technical patterns, price sometimes tends to...
Big crash drop is coming .. need 2 support area to break and breakdown way to 500-400 area.. there should be 2 different dip reversals of those areas. If you have Coinbase as well buy at 600-400 area even .. the bottom will be the big money buy point so don’t miss that opportunity. We are still bearish it’s not over .. we are half way there to be done.
Still in bearish should expect the big move from the bull trap very shortage. Should expect the buy around 12-10K area. Don’t trust the short buy because we are still the bear market and the rally is not over yet.
69K was the high back in 2021 that was awesome. But the crash is coming. The big crash is coming and major crash.. the Feds are still going aggressive to fight off the inflation… soooooooo what’s next? When to buy: I suggest buy at 12K or around 10K possible we will see lower than that because 12-9500 area has stronger support and floors.. also please stop...
Primary Chart: ETH's Key Support Levels Approaching Based on Fibonacci and a Measured Move ETH's Recent Rally since June 2022 ETH made its YTD low on June 18, 2022, a day or two after many equity indices. Since then it has rallied, albeit not in a straight line, significantly. The rally has carried ETH approximately 1149 points higher so far, which is...
Range theory. Target price: 104-112$. Looking for a rally pre-Ethereum merge for all alts.
Primary Chart: Showing Major Retracement Levels for BTCUSD's Entire Bear-Market Decline with Accompanying Down Trendline Since November 2021 to early January 2022, equities and cryptocurrencies have experienced a bear market. The selloff has been more pronounced in crypto assets than in equities generally, although certain segments of equity markets have...
Neckline support broke and the uptrend .. saw this big drop of a breakdown. Should test down 1560 area for a short buy retest. If that important area breaks prepare for your worst for another big down fall. Suggest buy zone of accumulation at 500 area to breakout of the downtrend in order to skyrocket from over 10 percent gains
Plenty of experts on Twitter were calling for a top in SPX today as it rallied up to the daily 200ma. On SPY there was a market dump that can be seen on the 5-min chart today (after 2pm). However there are two points of caution for immediately jumping into swing puts: 1 - price has yet to touch the light blue downtrend line, which would be around 4335-4340 2 - RSI...
My August prediction may be toast now. 420 on spy puts us right at 0.5 reversal from Jan 2022 High of 479.98 CPI came in lower than expected and the reaction was a gap in RTH at 411.35. Volume has been really low during this move higher as shown by volume bubbles (size and transparency) RSI is approaching overbought on daily. Still, I haven’t been...
SPX Approaches Major Resistance at 4090 - 4177 Fast approaching a major resistance zone where plentiful supply resides, SPX has rallied hard since the presser after the FOMC meeting on Wednesday, July 27, 2022. SPX rallied about 2.62% that day, with the Nasdaq 100 rallying nearly 4.5%. Conflicting interpretations of unscripted remarks at the FOMC presser have...
As I said, do not underestimate this painful macro chopping if we are going to see high peaks and lower inflation during the next few years...
As previously posted ideas. - Inflation is still high (check) - Rates keep increasing. (check) - bear market rally (check) Keep shorts, reduce leverage, and short every spike. The first target of 12.000 ish is soon to print. Next would be a bear market rally, then we are vomiting again. If you look at what happened at NASDAQ nordic, we got a flash crash because...