Bunghole

Bunghole Updated 

The S&P 500 has attempted a bullish break out in January 2023. The price stalled and started ranging right above previous resistance trend line. Today we see major sell pressure. If we close under temporary support line on my daily chart then we will see the stock market form it's next leg in a downtrend. This will be the longest leg downward. When price fails to...

Bunghole Updated 

In January, SPY has attempted to breakout of downtrend and back into bull market territory. I don't believe this pump is sustainable because there is nothing good about the economy right now. The Feds still need to deflate the 6.5% inflation. When the MACD crosses below signal line you will begin to see the price of SPY tank.

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Today we compare Tesla's current candle patterns to a prehistoric falling wedge candle pattern found on Bitcoin on July 15th, 2021. I'm a big fan of history repeating itself so I decided to take a deep dive on the similarities between both charts. They indeed look quite similar. I traced both candle patterns in white, and you can see that Bitcoin printed a falling...

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The price on both charts are attempting a breakout of the previous resistance line. On this chart, you'll see we are currently testing a previous resistance line. The stock market could start to see a bullish rally for the next few months. We have CPI data coming out on Wednesday. Most investors will use this to see if Fed's will be dovish or hawish when it comes...

Bunghole Updated 

It looks like the MACD just turned green and broke a previous resistance line on the daily chart. We could possibly see a future pump as long and the price holds above previous resistance line. If your placeing long positions. Here are prices you may want to consider taking profits. 1st TP is at $13 2nd TP is at $16

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I was looking at the start of April 2008 through May 1st 2008, when I noticed similar price action from April 2022 through May 1st 2022. On both charts, at the start of April to the 1st May the price fell an average of 16%. Since I know what happened in 2008, I used the fib retracement to see how much of retracement the NASDAQ would go and how long it would...

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Bitcoin has been in a bearish downtrend for quite some time. Looking at the chart, I want to show you some bullish signs that are starting to appear Bitcoin might head upwards again. 1. MACD is about to cross signal line. 2. RSI is showing bullish divergence. 3. ADX is about to cross lower band. 4. Bitcoin is at a major support line. (bottom blue line on...

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SPY is currently above a major support line. The white line shows that SPY is barely holding onto it's strong uptrend. I personally think SPY will slow go upward to around 465 zone, and attempt to retest all time highs before July. If we go under 430, SPY will continue to proceed in downtrend. The recession is on the horizon but I still think we have a few more...

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I've been waiting for Bitcoin to get to 52k range for some time now. It was a matter of time but now we are here. This support line was crucial before next pump. We can possibly hit 80K before a long term downtrend. I'm all in right now for the reason that whales move upward quick so might as well get a spot for next leg up. This idea is invalid if Bitcoin gets...

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Doge has been hitting the .27 cent resistance wall for some time. Based on trendlines the direction of Doge has seem show bullish patterns on the daily. We will see Doge break out passed .27 cent wall very soon. The pump will land near .34-.36 cent range and hopefully continue a strong uptrend. Today is a great day to hodl Doge and see where the gains will take you!

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BTC looks to be printing a shooting star candle on the Daily chart. The print should happen in 1 hour. I'm assuming there will be a lot of sell volume on 1/7/2020.

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Hey everyone, I wanted to post my ideas on where BTC is headed based on my perception. I think BTC will trade in these boundaries on the way up to the major resistance line. It could be a possibility we will break the major resistance line but we can always go back down since were still in a bear market. BTC is currently oversold on Stoch RSI, and RSI is...

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Hello everyone, I noticed a Pinbar close on the weekly today so I decided to update my Bitcoin chart. I noticed on the Daily chart there is some bullish divergence printed on RSI which is a very good sign for a trend reversal. This is Bitcoin's new bottom. (Technically Double Bottom) My method for this trade is called the Impulse Pullback Method by Adam Khoo. The...

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Hello everyone, I just wanted to publish a small term possibility of what to expect BTC to go in the next day. It looks like BTC is going to a minor support line of 7000. It will then bounce up and retrace its way to max target price 7220. After it hits target price it will be headed sideways until it reaches 7000 again. My 15min Strategy: My current short is...

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Hello Traders, I noticed some bullish divergence on the 4 hour chart. It could be possible that xrp continues in an uptrend.

Bunghole Updated 

Hello Traders!, I was looking at the daily chart to get a bigger view on where Bitcoin may be going in the next few days. I just noticed that there is some bullish divergence on the daily chart. You can see the price action where I marked yellow on the chart is making lower lows, and on the RSI also marked in yellow is making higher lows. I'm starting to believe...

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It looks like BTC is in a corrrection phase still. From the looks of it, the price will go sideways until Sunday, and then start to make its way back up to the uptrend. I believe BTC is painting a big cup & handle formation on the 4hr chart. I will continue to analyse this graph as time goes by.

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Hello guys, I was just reviewing the chart data and decided to take a look at the percentage of each big dump the past two days. I also will include the duration of each dump. On the 15 minute chart, I see that the 1st dump happened at a 1hr and 30-minute duration and dumped at 7.66% percent. The 2nd dump happened at a 1hr and 30-minute duration and dumped at...