A ratio chart divides the value of the Nasdaq 100 by the value of (S&P 500+Dow 30+Russell 2000). The large spike in the blue line to the left illustrates how the NQ became so overvalued in relation to the S&P, the Dow, and the Russell. If the ratio pulls back, I would say it may find its balance around the lower red line, after retracing the recent parabolic...
-Public sentiment for silver prices being too low compared to gold -Currently sitting at 61.8% retracement on long term weekly chart -Physical silver retail demand higher than normal -Solar and EV industries increasing demand for physical silver -Next major support level at 58.3, potentially putting silver in the $30-31 range -Must watch the ellipse for...
An interesting take on the Siacoin SC/BTC ratio and fractals: Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage). Technicals Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening...
Graph illustrates the trend in the ratio of DXY to NASDAQ.
Hello traders and investors! Today we will talk about cryptocurrencies, specifically NEOUSD, its price action from technical standpoint and wave strcuture from Elliott Wave theory. Well, we all know the king BTCUSD is in a massive rally, but this si mainly because of BTC.Dominance, while other weaker ALTcoins remains slow, sideways and under bearish pressure....
GDXJ/GLD Ratio shows that miners are in for a treat. A perfect arc can be found to support that thesis on the log monthly.
As my last idea showed, ETHBTC has bottomed out and we've held the line. It now looks like a potential inverse head and shoulders pattern. A measured move will take the ratio to at least one of the two targets, assuming the pattern is confirmed with a breakout. Exciting times for Ethereum!
This bottoming action on previous strong support is very bullish. We have put in a higher low, and CMF has been increasing for a while, with a higher low on that as well. I expect BTC has also reached a top, so both pairs will likely decrease in USD price, but ETH will fall less than BTC . If ETH makes a lower low from here, this idea is invalidated.
The institutional investors have being accumulating short positions since October 2020, now the price is located in a very important zone where a 1000 pip movement would be the maximum potential that I give to this short opportunity. This is the types of trades that could last several months.
FLIR Systems makes high-tech imaging systems. The stock has been selling off since its last earnings report, despite the fact that earnings and guidance both beat analyst estimates. Perhaps the selloff was because the company failed to issue forward guidance, or perhaps it was because free cash flow took an 18% hit last quarter and FLIR announced a 2.5% debt...
ETH is brekaout out of a small hourly consolidation zone and off the parabolic trendline. Watch for a break of that trendline though, as it will take us back to one of the two lower support zones. Please consider donating a few Gwei if you enjoy my charts and find them helpful :) 0xf611624408DB83923979Fc2cBd88D6965594fb31
Ethereum is coming back to retest support at around 285, it should lag against BTC as people move from their pump and dumps back in to BTC. This is typical for the end of a run up/hype cycle in crypto. I expect ETH to outperform BTC from then on out during this hopefully massive bull run. Please consider donating a few Gwei if you enjoy my charts and find them...
Looks like the ETHBTC ratio is going to continue down for another week or so. There is huge support here, so it should continue up from there. If not, something is seriously wrong. Going long off those converging trendlines is high probability.
Defense contractor Northop Grumman fell hard toward trend line support both before and after its earnings report last Friday, despite a solid beat of analyst expectations. The fall has occurred as analysts adjusted forward estimates of earnings and sales downward for the next two years. Despite the downward revisions, Northop Grumman remains a growth company, with...
I know almost every trader has asked themselves these questions: How come I keep losing?! WHY?! Why do I keep getting stopped out?! Why is it taking so long? ! Is it even possible?! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Today I have some good news for you maybe you already know this maybe you don't, but this is for those folks who do not know the power of a...
The manipulation process is complete, more institutional long positions are opened, a new market turn should occur with the first TP at 10705.
The BTC price divided by the gold price reveals a gap equivalent in position to the 9.5k gap on the CME. Chart shows that this gap was wicked into during the initial drop from 11k. There is no other gaps left open on the chart. Furthermore the price action retested the trendline of the multi years triangle from ATH. This chart shows that a move upward is more...