Some weekly consolidation; Possible yields haven't topped yet. These inflection points lead to weekly and monthly trend changes which I will be looking for a potential spike as momentum shifts back down and rates test the keltner channel mid or upper line. There is also a possibility that rates breakout of the resistance (trend change) of this bullish leg from...
Inflection point for S&P fib retracement zone & support level from Aug 2020
This is my first non-crypto idea on my channel. I have switched some of my trading over to stocks because I can both long and short the market, so from now on you will see more varied analysis, not just crypto! We all know how devastating the market has been lately. But is there more down to go? Are we at an inflection point? I am making the case that for the...
Just an update for my previous chart. Price cascaded into the lower portion of yellow box as well as the "bull bounce zone" instead of catching support in the middle confirming BULLISH C+H potential. Now very close to the macro trend inflection point hinting at possible larger moves on HTF. Expecting continued downside after a possible small relief rally. ...
Watching for a large move outside of this consolidating triangle. Bear flag-ish on HTF structure (1D+) so slight bias to the downside. Mostly paying attention to the squeeze on bollinger band and the impending inflection point for the trend lines.
Hourly chart, forming a W for the time coming off the 30k level. (a) We have hourly W top test into lows from January resistance, having just broke it 2 days ago as support. (b) Break down on hourly and retest trendline double low, break that and we are headed for MAJOR WEEKLY technical level. (c) W plays out and breaks out above January lows, likely if it...
This second analysis test on BTC/USD It is trying to expose in a simplified way thetrend changes in daily candles for the basic understanding of this very funny and volatile wave market. Remember that the markets have to be studied for their cyclical and undulating nature, in the price/emotion relationship. --- (ANNOUNCMENT) & (REMINDER): Last Sunday I could...
Here ladies and gentleman we have the US dollar and GLD futures. In DXY we are currently in a nice little wedge and already breaking to the downside. Below are 2 highlighted supports that I'm seeing that could potentially be reversal points since the dollar has been in the upside since May. We all know what this means for equities:) In gold we are looking at a...
Following this trend based on last weeks chart of an HUGE inflection point. If you look back you can see it in my last silly trading journal.
insert your: flippening / altszn. Will Eth rally to save the entire crypt market, seeing as it is being used to launder money through useless jpegs? beats me, sounds more like cryptokiddies 2.0 with a useless 'gas saving' eip1559 update that makes network overload a real and dangerous threat to this ecosystem. imagine the strings of liquidations because some...
The conventional wisdom out there among traders is that by the time you read a news headline, the algorithms have already priced it in. That's really not true, especially in cases where the news goes against strong upward momentum. The algorithms aren't going to place big bets against momentum. This is a case where you, as a human trader, have an edge over...
I've had the larger channel in for weeks. As you can see, we've bounced along the lower bound for a while finally breaking through solidly in the past 24 hours. The question is: does the lower bound support become resistance? I've included a few extra lines more pertinent to the next 72 hours. It appears that we are at an inflection point. I see a possible head...
We are in the inflection point. The circle area is the resistance since 2007. (Before GFC) Will this area turn support? We shall see on coming Thursday. If after Biden reveal the stimulus package but dollar did not plunge below $88 and support within the circle area, we should see some strength in Dollar.
A picture says a thousand words.
H+S within H+S, recent low volume (with exception of June 2nd Bart fakeout), and macro fundamentals (unemployment claims/Covid crash) is bearish case in my mind. Tech fundamentals, Fed tailwinds, and continued broader market (ES/SPX ) coupling points bullish. Sustained push up out of 2.5 year triangle would strengthen bull case and invalidate double H+S.
Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated. Just a quick update on COINBASE:BTCUSD , on the Monthly timeframe. As I discussed in todays COINBASE:ETHUSD update, BTC has not closed above $9340 in 9 months. The upcoming...
#Bitcoin has established a new lower higher off the 7K resistance area, BUT is this a signal for bears to run rampant? In this video I explain why the following support levels should not be ignored since there is a greater probability of a higher low developing. This can be particularly insightful for those who are not sure whether staying in a long position makes...
any questions let me know Fibo