I've posted this theory before but I cleaned up the chart a little. Still playing out now, testing its UTAD move, you can read plenty of stories on any financial news site about sector rotation of firms moving out of tech into other sectors. This is one of the largest bubbles in recent time so I wont be trying to step in front of this train with any large amount...
Hello, I was looking up different types of topping patterns and although I've looked into Wyckoff theory before I am for the most part brand new to the idea. But looking at a Wyckoff distribution schematic I couldn't help but notice the similarities playing out between the textbook picture of a distribution pattern and Netflix recent price behavior. I have been...
NFLX has broken its Phase 4 Hyperwave line this week. To learn more about Hyperwave they have a channel by the same name on YouTube. The theory suggests that a sharp down move in Netflix is imminent if my interpretation/chart is correct. I have been following Netflix now for a long time and it has battled this phase line 7 out of the last 8 weeks, always...
Although NFLX is red hot and had to cool off with wild swings and high volatility, this stock has just completed some technical moves that generally lead to large price increases. Today was a big indication of what is to come. Bullish cloud, bullish TK recross with price above the cloud. Lagging Span although not on the chart but is also above price. All systems...
Bitcoin Blastoff soon $BTC Long Looking at fib trend extension on the 4 hour charts and this has played out the same when we topped out just shy of 5k, the extension ran clean to the 1.618. That same 1.618 extension here puts us north of 33K. If it follows through like it has in the past we should see 33k by the end of January. Please share thoughts and...
Following STRBTC for some time now, ascending triangle breakout as well as TK-Cross and all systems go on the 1 hour, 4 hour, and daily Ichimoku. (TK-Cross, price above cloud, cloud green)