hey traders,
This year we faced a lot of obstacles and problems. For many this year was phenomenally hard.
There is a famous quote by Marcus Aurelius “The impediment to action advances action. What stands in the way becomes the way.”
In any obstacle, there is an opportunity. What we should be doing, we should look at...
Fifth wave extensions are the most difficult to count – because when you are in a 5th wave extension,
you may be considering a lot of other possibilities — and when the pattern just keeps going up in a straight line for multiple days in a row – it’s difficult to count.
But then when you step back and look at it holistically, it makes much more sense.
So...
7200 is anchored(strong-strong resistance below), now looking for a 7300-7400 confirmation...
All timeframes are screaming BUY signals but the 4H-1D(expecting them in a day or to).
Just one or two more (1-2%) corrections and the bulls will be set free for the corRrRrRida!
Something big is coming...
Arbitrage advance level has finally crossed the 0 line which means our Arbitrage Band is finally pointing up
Arbitrage Tick has signaled we had a new higher high within the last 2 days
And the Arbitrage Band has signaled a green flag letting us know it's time to enter the trade.
3 standard deviations from our mean puts JCP at 4.95 within the year.
Dollar Yen has broken out of wedge consolidation in quiet post-Christmas trade and looks set to continue higher. Pair has been trending up at an average of 250 pips per week for the past 7 weeks, but has been stuck in consolidation since setting a new 10 month high on the 15th of December. Today's break above the wedge top opens the path to 118.66, with further...
This market has been god awful boring (for Bitcoin that is) for quite a while. Quite frankly I have not been charting it as much during these past few months. I think my brain has just drained all the TA information as I picked up such terms as float, degree of operating leverage, days sales outstanding, covenant et. al. In any case, Bitcoin seems to be just about...
