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I don't like this daily chart price action in BCHUSD; Bitcoin/USD is a far more attractive alternative for the bulls.
In fact I would not touch BCHUSD after seeing its recent, highly-manipulated bullish breakout/waterfall decline.
Another leg down for BCHUSD remains a possibility; if trading it, be especially nimble on the long side.
Traders and especially...
Here's a quick take on SMH:
* The monthly cycle is falling and has at least 2-3 months more downside coming into the half-cycle low
* Look for a bounce toward 97.00 to 98.00; expecting short sellers to re-emerge there; note the down sloping 50-week ema
* Volume demand levels exist near 80.00, 75.00, 68.00 and 55.00; all can provide a tradable bounce, but only the...
SQ has found temporary support near its 50-week ema, even as it has dropped into a 'half-cycle' low. The reason I say half-cycle is that the full trough-to-trough cycle in SQ averages 16-18 weeks and given the overhead supply near 71.00 to 72.00, I'd say that the 'smart money' folks are going to short SQ on a bounce to that resistance area.
Then the second half...
Ethereum's 18-22 bar daily cycle has bottomed along with its 240-minute cycle (also averaging 18-22 bars in length).
The MACD and RSI (14) indicators reveal a pronounced bullish price/momentum divergence, and there's also a tiny double-bottom pattern evident.
There is a TON of overhead supply for ETHUSD to claw its way through before any sustained, bullish trend...
Not anticipating a major bullish reversal, but more of a minor bounce up toward the $4400.00 to $4600.00 resistance zone.
Nice volume profile support node setting up, and with bullish divergence on both the MACD and RSI occuring as a
240-minute/daily chart multicycle low completes, this looks like a great place to cover any short positions.
A daily cycle low is forming in BTCUSD; the average cycle length is around 18-20 bars for this instrument.
The weekly and monthly cycles are in strong down phases, however, meaning that any tradable bounce on the
daily chart will likely be short-lived. The 14-period RSI is also in bearish territory on the daily, weekly and monthly charts.
Next heavy support area...
Based on monthly cycles analysis, AAPL still has several more months of decline ahead. Do NOT attempt to catch this falling knife. You'll likely be cut to ribbons if you do. A nearly ten-year-old bull market is unraveling at the seams. Keep your cool and wait for several months before even thinking about going long US stocks again.
Apple is falling hard from it's 'tree.'
Expect more downside into early 2019, followed by a relief rally. After that, well, who knows! Just follow your trade signals and indicators, always keeping your position sizes small!
All bull markets end. After a nearly TEN YEAR run higher for the S&P 500, all the cards are saying that a substantial correction is underway:
1. The Fed Reserve is removing liquidity from the US financial system ('QT' or quantitative tightening')
2. The monthly cycles in all US stock indexes are ALL pointing DOWN.
3. Key volume-based support levels are at least...
Square (SQ) is getting close to triggering a trailing stop exit signal on its weekly chart. The RSI (14) is below 50, suggesting this is not a good time to 'buy the dips' on the daily chart's pullback buy signals (RSI (2)) and RSI (3))
After putting a nice bottoming pattern, BCHUSD is surging higher. It's getting very close to making a 50-day channel breakout. The channel break is not necessarily a buy signal, but it can help confirm a trend reversal after a long downtrend.
The StochRSI oscillator does a good job of identifying cycle highs/lows; when this indicator suddenly changes direction after a confirmed high/low, it implies a dramatic shift in investor sentiment. Look for 3-5 more bearish monthly bars before a relief rally emerges. The Fibonacci 62% retracement near 242.00 is my initial price target for SPY during the first...
