So this little stop loss lesson has been hanging around skinning it's knees after falling off the merry go round of speculation....is it time for a turn around? Big positive volume in the last little while...if they actually got a unicorn drill result at these levels....whoa!! I remain skeptical and am locked in at higher levels due to not follow the #1...
I definitely like that bullish momentum with volume and although it did not dip to my level rather it bounced on the 30m ssb. I will put a buy stop at 198 so that I am only taken in if right and stop 184. The ultimate target is 250 zone but will add and remove as appropriate. The R is 3.58 if I take it all the way up;)
This is a long term monthly price channel of $SPX starting with the low in March 2009 up until the present. The mid point of the price channel has proven to be powerful support while the top end of the price channel has proven to be powerful resistance. There's only been six significant penetrations below the mid point of the price channel since this trend has...
Not intended to be a piece of financial advice. For the first time in the history of Bitcoin, we witnessed 9 consecutive Weekly Red Candles. Phew! Is it over? It's a big thing. Plenty of market flush. A ton of sell pressure. Unprecedented fear amid war and tech-stock meltdown. And so much more. We are deeply in recession whether someone believes it or not....
Gonzo The Battle is real. The war of the worlds continues. There seems to be a war going on between Wally world and MS. Both know the cash crunch cannot support both worlds. Then Some Smart Guy Comes Along and Cons All The cons. Takes All the cash off market into some metaverse like world and calls it defiance. When that crashes going to be some mad dudes and some...
The great thing about predicting market trends is that it's very easy. Review my greatest predictions and I will tell you at the bottom of this idea. One of my very first predictions was based on a 10 year S&P channel based on SPX adjusted for inflation. The chart just bounced off the median line! My first prediction that got noticed was bitcoin with...
Dear readers! This is a less common and therefore possible overlooked pattern from the Elliott Waves Theory, which i want to share with you to get an edge in the Bitcoin market before everyone else. So we have not only the rare ‚expanding triangle‘ instead of a contracting one, to confuse traders even more we have the very rare ‚horizontal expanding‘ one. Here is...
Didn't take 01 Jan '20 and 01 Apr '20 because of just 1 and 2 histogram bars below the 0 line. 01 Oct '21 is the same thing. Only +3 histogram bars below this line makes sense because of more data available.
If this parallel channel and Elliot Wave count is correct on the monthly chart it looks like Bitcoin may have found its bottom around $25K. I'd really hate to see the price break lower as this seems like such a perfect setup to move higher soon. I continue to hold over $30K and DCA on any significant dips under $30K. I will continue to HODL Long from now until...
Double bottom with divergence on MACD, RSI and Stochastic with 61.8% Fibonacci support from the bottom of the corona crash. Compared to the index finances are looking a lot better with JPMorgan Chase & Co. and Citigroup leading the way. Breakout of falling Wedge pattern shows a great opportunity for a Long position.
If history repeat its self, we will go too 22k but i think its a good think too buy more bitcoin and alt.
I try my best too make useful indicators, like if you like it.
When BTC is divided by the m2 money supply, we can see that current "REAL BTC" prices are not as far off from the 200 and 300 week MAs as it appears on the standard BTC/USD chart. The drastic increase in the money supply has made a significant difference in how far off REAL BTC prices are from the 200 and the 300 week MAs as compared to previous market cycle...
This bitcoin cycle is a combination of the last 2 cycles but didn't hit the projected peak. Bitcoin dropped 86% and 84% in the last 2 cycles. The projection is bitcoin will fall 82% this cycle but not from the peak but from the projected peak of between 100,000 and 135,000. Bitcoin will bottom at worst between 23,500 and 18,500 not considering a Covid-19 black swan event.
Firstly, apologies for the size of the chart - I had to fit in 3 cycles, so the size is a little small. Also, ignore all Fib levels above the 1. I forgot to remove them. The chart in itself is very simple, and as close to a cheat-sheet as you are likely to find, in my opinion. I have used 3 indicators to produce this chart: 1. Fibonacci Retracements 2. 200 Week...
KUCOIN:WAVESUSDT 📈 Spot Trade: BUY WAVES ⚠️ SL: - 🏅 TP: - In Image ⏳ Time aprox: 7~10 dias 💂🏻If you agree this Trade hit the like button. 💂🏻Si estas de acuerdo deja tu like. Follow for more info
💎Throughout this year SAND has been trending down, but perhaps this was only a corrective pattern of a major bullish trend? 💎The pattern, started back in November 2021, is identical to a Falling Wedge pattern, which most of is bullish. Wave five could be ending any time, and once completed, we are likely to see a price rally. Still, Paradise Team is waiting for a...
Postive divergence on the daily time frame for AUD and NZD against the USD suggest that there is a trend change in progress. We have sufficient evidence to support this in looking at other "risk on" assets such as the SnP500 and the Nasdaq as their monthly oscillators are oversold and trying to generate a buy signal. These two hypothesis combined gives us...