Hi guys. When trading its always important to learn/educate to find an edge on the markets. There are so many charts you can access to analyze/compare, etc. Its known that many ticker symbols can be used in certain ways to help understand markets in a deeper way. The DXY or U.S. Dollar Index is an asset that i use to assess Risk mentality. So keeping it...
UNDERLYING PRINCIPLE: Divergence between Futures/Stocks/ETFs and their Relative Strength Index (RSI) can be used to predict a bottom or a top. This method is more useful in determining a reversal in overall market than an individual stock. To elaborate the principle let's assume the market is making higher highs but corresponding RSI is making lower highs....
Even though briefly NASDAQ:MSFT became the most valuable company in the world based on market cap. From an Elliott point of view we might be on minor wave 5 of intermediate wave (5). After a top a correction always occurs. So be careful out there and look for signals to support this correction. What is your opinion? Up or down from here. Legal Disclaimer:...
NVDA stock has topped. The run is over. And institutions are using Wednesday's earnings beat as a final chance to sell their shares while they can. Over the last 4-6 weeks we have witnessed many of these leading names roll over and retrace beneath their 50-day moving average – a key level that generally supports top stocks through the move higher. Despite the...
NASDAQ:MSFT is up 19% over the last month and is now coming to some major resistance. We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH. The measured ABCD is up just above 300 which is also a major FIB number 3. We have just gone past equal tops in time. If its similar to the last retracement then we should be looking...
We can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the...
Minor wave 4 should now be over leaving Minor wave 5 and the end of Intermediate wave 1 to occur by midweek. All a strong majority of models have the top at 2-3 days which equates to a top on Tuesday or Wednesday this week. Wednesday morning is the CPI report which could be the catalyst for the next short-term market drop. The report is premarket and therefore...
Hey Traders, Could this be the pattern we have been waiting for? Time will tell... Safe trading, -Pulkanator
Yeah, bruh. That's a top without funny money to help the pump. Watch for a 30% fall from the highs into buy zone #1. This would officially make this a crash but there is nothing saying it will stop there. This is just a technical zone. Follow me on Twitter for more. Or don't. I don't care.
Just a prediction on where I think Eth's price might head over the course of Q4 2021 and into Q1 & Q2 of 2022. The orange triangle is where I believe the current market cycle will reach its peak, before then pulling back for the remainder of the cycle (if this prediction plays out in any kind, I believe the price would retrace to current Q4 prices for support...
The concept of numerology is most often not taken seriously for obvious reasons. Most principally, it is because it doesn't make logical sense to the human brain. The human brain (of those rooted in western culture, at least) is more attuned to Newtonian logic, structured systems, or the stamp of approval from some poorly run university journal than it is...
By identifying swing highs and swing lows, we can identify the appropriate targets. Chainlink has targets at: - $36 - $44 - $53 Using these targets and identifying the levels of support and resistance in conjunction, we can identify accumulation zones. Chainlink accumulation this cycle assuming bullish top: - $24 - $31.5 Currently, Chainlink is above the...
Spy is overbought on the weekly BB's, RSI, with volume bearish divergence as well. The reverse Repo market is topping 1 Trillion on a regular basis, inflation is out of control, and margin debt is falling while s&p continues to rip. The United States is on the brink of defaulting on its debt. The Biden administration is a comedic puppet show that has proven itself...
Refer to my earlier post, linked down below and titled "BTC Valuation Adjusted for ....", for more reference. By the way, for a more realistic near term outlook (which goes on to show why we cannot go 10x from here immediately), refer to my post titled "BTCUSD Historical Perspective", which is also linked down below.
I think we have substantial risk that we are about to face the largest correction $Bitcoin has seen since the bottom in March 2020. Biden's proposal to hike taxes has roiled markets globally, and specially risk on assets naturally. Commodities are already rallying big and we know inflation is around the corner. I wouldn't be shocked if we saw the top for good, but...
Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again...
Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued....
Seems to be Nifty top for 2020