A monumental move could happen at any time in these upcoming weeks. In this weekly chart of BITSTAMP:BTCUSD , the historic triangle or the apex dating back from 2013 is nearing an end. This upcoming month should be a decisive point for the coin, and we should be mindful of it. From a technical analysis perspective, the triangle consists of a nearly two-year-old...
We are still in the Box range. This isn't a great trading environment to buy and sell. So we need to wait for the price break out of this box formation. Looks like the Sell in May and Go Away might apply this year, if we get the break below the box. I am kind of leaning towards the Bearish bias that the price will break below as many JSE stocks are lining up...
Now, if the fed pivots may 2nd.. i'd expect walmart to fly sky high to new highs.. but theres a recession coming. Aint nobody going to buy walmart into new highs in the face of a recession. me thinks ****s about to hit the fan.
Notice: Since January 16th I have charted out this possible Wyckoff accumulation schematic. I have only updated the supply and demand boxes to justify the moves that have happened, but the pathway hasn't been touched. With this most recent push up to 26k I thought now was the time to publish this idea. BTC is at a point where my idea is either invalidated or it...
As we can see, ADA has formed a massive downward triangle. The goal of which is to cover the imbalance formed in growth from December 2020 - January 2021.
The buying spree at 17/05 NY open didn't make the market move very much. Instead, it creates volatility in the Sugar market. Therefore, I believe the Bulls are just not there to defend the market and a breakout should occur soon. Trailing Stops should be used when the price hits 16.62.
Hello traders! The S&P almost hit our target at 4,118 (only 10 points from it...), but it still could reach there. We must be careful with the resistance lurking around the 4,175. The S&P could hit there and drop again. We still have a strong divergence on RSI, and the price is still looking weak. Be careful with the Dead Cat Bounce. I wonder if we'll finally see...
The end of April brings a selling opportunity, historically near the FOMC statement and the bulk of tech earnings. This week we had the bulk of tech earnings with FAANMG + TSLA reporting. Combined with the FOMC catalyst I believe this is a great opportunity to either go to cash, or short the markets. The day after the FOMC SPY posted a Hanging Man top. This...
Few understand. sell in may and go away. Get May Calls.
Price has met a diagonal 45° trendline resistance and as we enter the month of May it is ready to head down. This graph is an extended version of the previous idea seen/linked below.
Price has met a diagonal 45°trendline resistance and as we enter the month of May it is ready to head down.
2 Elliott Impulse Waves, the shorter term is mid-way thru wave 3 and is wave 2 of the longer term impulse wave. Shorter term: 0: 295 (May 1 high) 1: 280 (May 13 low) 2: 289.2 (May 16 high), 61% of wave 1 3: 265 (en route, mid-Jun), 161.8% of wave 1 4: 273 (en route, late-Jun), 33% of wave 3 5: 258 (end of Jun/early Jul completion), 100% of wave 1 Longer term 0:...
Considering seasonal forces, one shouldn't be too surprised to see stocks take a bit of a break. If we are still withing a bull market (and the higher time frames seems to continue to support that notion) one ought to consider The Optimal Trade Entry (OTE) long sweet spot (178.43) as an interesting level. We are heading into a tough seasonal window here and a...