Just to mull over this chart a bit more after closing the trade. The bounce arrived at the 1:0.618 extension from ATH with a small amount of overshoot. Although difficult to see while in progress APE then printed a textbook elliott wave ABC correction where A and C are equidistant to form the very common 1:1 log based fibonacci ratio. Out of any ratio this is...
Hey everyone! 👋 This week, we're counting down the top 10 trades from a tumultuous 2022. In what was a historic bear market in almost all global asset classes - stocks, crypto, bonds, and just about everything else was down - the majority of these trades are on the short side. Energy was one of the few sectors that actually had a good year. Another outperformer...
This is a weekly chart of Apple (AAPL) as measured relative to the S&P 500 ETF (SPY). The chart has been arbitrarily adjusted in magnitude (x1000) to improve visibility of price movement. One should always analyze an asset's performance relative to the performance of the broader index before choosing to invest. If an asset is underperforming the broader index,...
Will MARA turn around here and begin to climb? Looking at the price structure $5.26 has been a pivot price range. Depending on the daily close above $5.26, I expect MARA to perform a double bottom for 2022. Good Luck
Crypto winter is here. Is this the darkest before dawn? Or the start of a long artic winter ahead? In such nebulous times, directional bets are rife with risks. In contrast, spread trades vastly lowers risk while enabling limited but durable returns. Set against the current macro backdrop and landscape shift in the industry, this case study will argue that...
CME: E-Mini Select Sector Futures ( CME_MINI:XAZ1! , CME:SOX1! , CME_MINI:BIO1! , CME_MINI:XAV1! , CME_MINI:XAB1! , CME_MINI:XAK1! , CME_MINI:XAI1! ) According to Chinese Zodiac, tigers are vigorous, daring, competitive and unpredictable. 2022, the Year of Tiger, was symbolized by these bursts of power: • First war in Europe after World War II...
Visualizing Business and Market Cycles Through Market Momentum 5: Conclusions: In installments 1 - 4 we built a market momentum matrix and plotted the information onto a stylized business cycle. In this installment we will make final observations and thoughts around the current cycle. Capital flows into and out of commodities, sectors and equities have...
Boxed & Mapped out SPY to give us an understanding of the environment behind these channels and the conditions they represent. SPY currently riding the same channel where pandemic QE first began. Looking to close that wedge out... stimulus soon
Here's what I like to plot using the great charting tools available at TradingView: 1. Free Cash Flow 2. Price to Sales Ratio (PSR) 3. Average Basic Shares Outstanding 4. Long Term Debt (excl lease liabilities) 5. Total Revenues 6. Market Cap From this I can assess how the structure of the company has changed over time. For example: Did the company go...
This chart shows how important the President of the United States Election Level has been to the $DXY currency market for 6 years now. Pay attention to this KEY LEVEL for important support or resistance. Tim
Ive seen this movie before, and I love thats its playing again. The economy goes through cycles and its rhyming like other times. Its never the same, lets be clear about that. But expensive things get cheaper when the economy slows down because people will need their money for the hard times that may come. Its that simple. Learning to read financial statements...
Conceptual view of how to trade non directional or semi directionally using strangles and capped strangles, also known as Jade Lizard option spreads. Non directional option trades attempt to benefit from sideways markets or markets where options are are pricing more implied movement than is realized in the underlying asset. Combing a vertical on top with a...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
I have to admit GAS could continue to dump OR ?. There seems to be a curious possible setup here exactly at the .618 FIB (4.5) .... NOT for the faint hearted. This is based solely on wave pattern and experience there is absolutely NO fundamental analysis involved, so do your own due dill
Hey traders, Analyzing a price action on a daily time frame, I see 2 potential scenarios for Gold for next week. Bearish Scenario From a sellers' perspective, the price formed a rising wedge pattern. Its support breakout (daily candle close below) will be a strong bearish signal. I will expect a bearish movement at least to 1788 then. Bullish Scenarios From...
Over the course of the last 1.5 years, Bitcoin has been forming a falling wedge pattern. This specific pattern will be the main pattern that I'll keep an eye on in the coming months. Falling wedges are classically bullish reversal patterns, so that's what we're going to look at. Sure, we can go lower to retest the bottom support, but we will break through the top...
● October 31, 2008, Nakamoto Satoshi, known as the developer of Bitcoin, published a paper called Bitcoin: P2P Electronic Money System on the Internet. ● January 3, 2009, the first open-source Bitcoin client was created. Satoshi Nakamoto obtained 50 BTC through the first mining. This is commonly referred to as the Genesis Block ● May 22, 2010, Rogramer Laszlo...
Here we are looking at XRPUSD on the Daily TF. I’d like to begin this analysis by looking at macro support. As you can see, XRP has an ascending line of support which has held strong through many re-tests dating back to March of 2020. Next, we can see that XRP had a strong MACRO resistance. Note that XRP broke out of this resistance in September of 2022 after...