On this daily chart the white rectange is the size of the entire percentage range of this local 30k top area. By doubling this range to the bottom side 50% of the range is perfectly centered in the golden pocket .5-.618 area when measuring from the swing low around 15k to swing high around 30k. The current down ward curvature of the price action still has a...
BTC has seen a push to the upside and may have one more small push to the upside left off the recent bullish momentum builiding. Looking at the 4hr line chart that momentum maybe running out fast. IF these lower time frames turn back over to the down side rather quickly this will provide enough time for one or even two more nice moves to the down side before the...
Its been a while....along while but xen is finally starting to show some signs of life. Momentum on the larger cap coins is starting to roll over to the upside and while it may not drive prices to higher highs SHOULD at least bring a relief rally. During this time other lower cap alt coins will most likely follow suit. Xen has been hammered since its rally but...
We have been shorting bitcoin since July 1st per one of the linked charts posted here on tradingview. Title "Time to short btc?" With that said price has been down trending for 8 weeks, seen a massive drop, hit high time frame support and consolidating at our current level. This a 4hr chart and looking at the wave trend rsi oscillators we can see the nice...
So after yesterdays rip that was projected on our previous anaysis we also hit the resistance target and reversed as projected. As usual bullish news doesn't change how much money is available and willing to be spent on the market and often times just moves price to a projected sell wall faster and is followed by longer consolidation. The short move to the...
As projected in our previous chart the Nasdaq has seen quite a rip to the upside but like all good things it must eventually come to an end. Looking at the 4hr chart for MNQ we can see price has completed a perfect ABC measured move ending right high time frame resistance with overbought oscillators starting to show divergence on smaller time frames. Being we...
Looking a 4 hr line chart at some reoccuring retrace levels and time cycles we can see price is reaching the 70% retrace level of our last major uptrend. The question is will it be "retrace" and bounce or break the low of the last major swing signaling a reversal of the longer running macro uptrend. Looking at the log chart we can see the rate at which price is...
Short trading has certainly paid for for the last 1.5 months and while many may have finally figured out that the market is having some form of rejecton and down turn it is also the exact time a bullish retrace occurs. Just like every uptrend has pull backs btc, eth, and many alts have seen a very impulsive drop over the last week but have been down trending for...
So now that we have had a nice move down as expected retraces of these moves are underway. Being we have officially broken our long running macro up trends and have lower highs and lower lows we are now officially in a downtrend. Just like every uptrend has several pullbacks / retraces along the way a down trend is no different. The question is when will the...
After trending down for the last 1.5 months on BTC prices may have found a LOCAL bottom. In general there is still expectation for lower prices but a retrace after such a large drop seems to be in order. IF btc and eth manage to hold and make a push to the upside for the next few days to weeks may alt coins will follow. Currently there is no expectation of...
Looking at the nasdaq futures market we can see price has been down trending for approximately the last month. While this down trend will probably continue a significant squeeze / retrace of the trend at some point should be expected. The question is when would we expect to see this correction. This is an hourly line chart on the log scale for micro nasdaq...
Next few days for M6E futures looks very corrective. Confluence .25% above is high time frame resistance with close price level on the monthly, weekly, and the daily lining up with the local .786 retrace level and would be a complete ABC corrective retracement. Trade Well....
BTC has been flirting with braking the long running macro uptrend but current price action has some semi bullish signals for the next few days. This is a daily line chart and there seems to be several things pointing to the 30350-500 area as key point of confluence for a possible reversal. The line chart only considers the daily close price and as of writing...
This is a daily chart of the macro price range ETH has been stuck in for past months. While today we did see a small price pump on the bullish news of pay pal proclaiming to be entering the crypto space we must consider the current environment. Bullish news certainly has the potential to flip bearish price action to bullish but more often than not it simply...
ETH yesterday finally has retested it's macro uptrend it has respected for nearly a year. Price managed to wick below and close just above. The concerning factor is the weak bounce forming on the chart. This MACRO support and quick hard rally has ensued each time have visited until yesterday. This is a low time frame bar chart looking at the current price...
While world coin is relatively new with little past price action to analyze it has been respecting general patterns and retrace ratios quite nicely. This is an hourly line chart that clearly shows price has broken below its previous uptrend and possibly forming a head and shoulders pattern for a continuation to the downside. Just using the simple TA head and...
So yesterday I posted a VERY bullish chart for ETH and it is the current model that I am favoring. If you are not familiar with this chart it is attached below. I have received a lot of response to it and wanted to share another model that is also still equally valid and no so bullish in the mid/short term. I am currently favoring this more bullish model...
Pulse chain launch was an obvious buy the rumor sell the news event for hex as it clearly began to plumett within mintues of launch. Personally I am far from a hex maxi and find little to no use for it. At the end of the day it has a chart, community of supporters, and past explosive style price action. At this point it is CLEARLY not a scam there is just little...