SPY (and other indices) supports are holding strong traders. Dollar is dumping. Do we get a double-bottom pattern followed by a blow-off top the likes of which most investors will have never seen coming? Support must hold.
If the 2015 pattern is playing out again, this is what it would look like. We could be close to the end of this correction.
I am using the Modified Schiff Pitchfork to show the longer-term possibility of the XRP price. We are counting on a cycle top end of 2022/2023 and another in 2028. Taking the 68k % increase back in late 2013 or early 2014 if we apply another similar % increase for the next cycle top we could see between $400 for 2022 and $1250 for 2028 (if 2028 is the next cycle...
Chart says all. Strong similarity to structure from March rally. Down channel is an obvious bull flag formation, seven waves down. A measured move would reach over 4800; A blow-off top?!? Anything is possible; not sayin this will happen; saying it could. At any rate, indicators gone oversold and a clear EW impulsive downtrend appears at or near completion. This...
DJI is continuing to follow fractal from the "roaring twenties". While it clearly shows that we are about to experience one of the biggest financial reset, we should first get the last euphoric blow of top, sending DJI into 38-40k area. I highly doubt we will go much higher than 40k. Be careful, don't laverage the euphoria, instead think of exiting the market as...
using a pitchfork along with an ascending channel. I am basing this ascending channel off of the first three points of contact at beginning of this channel along with a touch at the resistance top of ascending channel. We dipped below this ascending channel and in order for this channel to be respected, we will have to come back inside the channel. The Pitchfork...
to get to this possible Expanding Cycle Theory mentioned by Nicolas Merten on Datadash Youtube channel I am taking a different approach to see if this theory has any teeth to it and apparently it does if applying Fib points to it. I am using the Schiff Pitchfork and also the Fib Channel as points to give me the most number of touches on Fibs as possible. All the...
This is the real photo in scale. The chart when posting the idea made the bar patterns all skewed. Hi everyone, Thank you for considering reading my idea. Please note that this is just my opinion. I think the reason why Bitcoin didn't get a blow off top (IF April was supposed to be the peak) just like what happened in 2013 and 2017 peaks is because we had a...
Based on logarithmic model and 4-year halving cycle model we don't need a blow off top in the current cycle to get to 90K. We can just literally stay in the bitcoin comfort zone logarithmic channel and chill until we get there. Not financial advice but I kind of resonate with this idea. I'll be publish a video on youtube tonight with all the detail of this...
If you've been a follower for long then you know the story of my username, and my plan to make it all back at the time. Well, it's time to revisit that plan. Looking at the chart above, current Price action is signalling for a confirmation of a First-Wave Extension. First-Wave Extension is and impulse move consisting of 5 impulse waves, 3 to the upside (1, 3 &...
I'm predicting that we will get a correction to the september lows. After that, we will see an epic final run-up. Arround the target level of $5468, I am expecting a massive blow off-top. After that the trend is going to be nothing but down. The low of the recession will probably come to an end in 2025 (however I don't like to link prices to dates). Be carefull...
Not saying this will happen, just that it could very easily do this before it collapses. Indicators are overbought and suggest sell imminent, but these can fake you out, a small pullback could provoke the vertical spike. All the gamma is gone positive and rolling up the callwall 100 pips could release the kraken on Friday 31st. Most ultimate ATH have a...
Since 1982 the FED has been on full throttle with the M2 money supply . Based on Debt based system anything though of being an Asset has been inflated to which I see a major turn in our Society in this year T he year of the last bubble . I look for a major CRASH into a panic into oct 2022 basis . I do not see anything that can stop what...
I think we can repeat 2013/2017 bull run cycles, and forming something like this in next 3-6 months.
I don't try to take any credit for my posts because I'm honest, I let other people do the smart work. I usually have a good sense for which Finwit account is real and which is full of ... hot air. I've been vocal about this fintwit celeb in the past and believe his word over any other. He stopped tweeting levels because he was gaining oracle status among his...
Watch the indicators. Been expecting the vertical parabola finishing move. Could be amazing if it follows overlay, price action strongly resembles it. Not recommending a specific price or strategy. Be vewy vewy qwiet.. we is hunting wabbits! DYODD. GLTA!
Just started publishing my charts, but here is my base case for NDX. It has been mostly trading in a log channel shown with black lines since the tail end of the .com bubble deleveraging in 2001. In fact, NDX has been in this log channel since 1986, with the exception of the blow off top move from .com bubble. NDX has broke out of the channel and back-tested the...