Hello everyone. S&P tumbled with other indices last Friday. Frankly speaking, it was really ugly on the daily chart as it closed below the long-term MA for the first time since late Feb of last year. How further down it might go? On the monthly chart, it's still in the bullish uptrend. The firm demand zone from my view is around 4050-4200 . That's another ...
There is an ongoing M1 force on the way down, from 1.2250 (1st Jan 2021) to 1.1000. During this time, M1 force meets a W1 force on the way up, that started on 16th Aug 2021 from 1.1700 and is on its way till 1.1970 (ongoing). During this time, W1 meets a D1 force that started on 3rd Sep 2021 from 1.1875 and reached 1.1700 on 22 Sep 2021. Now that the D1 force is...
To interpret this situation, you need to get the concept of price action. Market is made of forces, sometimes that are directional, without any forces coming against. Also there are forces that oppose each other at some point in time. In this example, there is a D1 trendline plotted, which carries a D1 energy (D1 Trendline). While D1 force is on the way up, it...
Price hit the upward trendline and is fading around 1.6035. The energy on the way up is over. Price is now bearish all the way to 1.5730. The trendline game is a D1 game. The market has reached its end point. W1 players are going to force the D1 players to get stopped out by pushing down against D1 bulls. This is the current downward rally to be expected. Each...
Adam's BTC cost-basis illustrates the respective average cost basis between three different groups - miners, swing traders and short term or novice trades - each group having different investment horizons, average tenure in the market, costs basis and break even points. Similarly to my prior conversation regarding BTC and it's cost basis, we see a similar but...
Adam's DOGE Coin cost-basis illustrates the respective average cost basis between three different groups - miners, swing traders and short term or novice trades - each group having different investment horizons, average tenure in the market, costs basis and break even points. Similarly to my prior conversation regarding BTC and it's cost basis, we see a similar...
I think BTC have some indecision, whoever I think it will drop like we saw in January afer 40k before getting 58k
In this update I will share a fantastic opportunity to understand human trading behaviour. First I will share the four levels of resistance that I am looking at. The levels can be used for the coming weeks to understand key price levels of BTC. However, for actual price projections, don't plan too far ahead. Even though we are in a clean rising wedge, I drew only...
Got in at 5900, target 6250 Current behavior indicative of potential increase, especially pending BTC recovery.
I usually only post pattern + indicator trade ideas, but sometimes the most simple thinking leads to great ideas. So... is it really the start for the bulls? Perhaps. But who are we to know that? Today we got a manipulated pump to 8k because of a simple game, that whales have been playing since forever. There is a reason history repeats itself in a very...