Friends, I hope you are having a wonderful Wednesday. I wanted to combine two aspects of separate charts that I have posted before, but never together. The attached chart is the MOST important chart for determining long term trend and also determining EACH cycle top and EACH cycle bottom. The TA is simple, but incredibly powerful! It combines the Logarithmic...
Aren't you glad I am here to do all this?! LOL Just wanted to post an update on our WXYXZ EW Count. As long as we don't lose our 2022 Low, the path ahead belongs to the Bulls. Without getting into the specifics, the Basic Count is complete. Add to that we are over the 50,100, and 200 MA. Tell the Bears to go pound sand. But be nice to them when you do it. :0)
Friends, I hope you are having a lovely week. I wanted to post my grand thesis here on Trading View. The chart truly speaks for itself. But to sum things up, my technical opinion is we have one last hated rally to go before our REAL collapse begins. Best thinking is sometime between the 2H 2003-1H 2024. The bottom line is while we predicted a tough 2022 in late...
Just posting this, since its been a while since I actually posted exclusively to Trading View. As for the chart, it speaks for itself. Bears getting overly zealous here are wrong footed in my humble opinion. Oscillators are bottomed and time has been near identical to prior cycle tops to bottoms. I am Bullish
Friends, I pray you are all having a lovely start to the week. Since everyone is SUPER BEARISH, I needed to repost something that I have been trying to explain on my social media posts. First, Descending Broadening Wedges ARE BULLISH CONTINUATION PATTERNS Two, the $DJIA Remains over its 20 and 50 Weekly MA's Three, Sentiment is as bad as I have seen in years....
Friends, I hope you are all having a wonderful week. Today marked a key candle close for $BTC. And as luck would have it, it coincided with a "pivotal" Fed Day, sending equities screaming higher. For my crypto friends, we can gladly say that we have a candle BODY close over the key monthly .786 Fib! This is a BIG deal and gives Bulls a shot at much brighter things...
Friends, I am here to help anyway I can. I think this might do the trick. I have been through a few Bitcoin Bear markets, and I can promise you each was painful. And just like now, people expected MUCH LOWER prices during the times they should have been buying! Quite frankly many had simply written off $BTC altogether. Case in point March of 2020 (The C19 Crash...
Friends, I hope you are all having a good weekend! I wanted to continue on our theme from last week, regarding the .786 Fib. I know many are glued to the .786 Fib from our prior Bear Market low, as am I. BUT, I also have to consider what happens if we lose $17.2K on the MONTHLY close. Today I wanted to share the .786 from the actual INCEPTION of Bitcoin. I also...
Friends, I hope you are all having a lovely Friday. I wanted to repost a CRITICALLY IMPORTANT chart regarding the .786 Fib and its key to ALL Bitcoin bottoms. I am drawing this chart on the MONTHLY time frame to drown out the short time frame noise. In drawing this chart, we can clearly see that the .786 is THE MOST IMPORTANT FIB level marking EVERY Bitcoin...
To ride the BIG waves, you have to have intestinal fortitude! While everyone is BEARISH, you have to zoom out and observe what others can't see. The BIG ONE begins only as a swell in way the distance, but the well-trained surfer sees what will be! The Russell 2000 Index has all the makings of a swell out at sea. The question is, are you willing to go out and GRAB IT!!!!
Bears are praying that 4100 does not break to the upside. For if it does, new Highs on the SP500 are in the cards, and would actually be highly probable!!!
This pattern is still very much in play for $BTC. @JTheretohelp1
Based on the current counts, the SP500 is nearing a very important pivot low. Best guess Oct/Nov time frame. BASE CASE: FED Pause/Pivot in November creates the last thrust low to shake last longs. Technically the charts will :look and feel" like we are about to drop to the abyss, but that is precisely the time to go LONG!!! Next rally ensues and lasts into early...
Friends I hope your all having a lovely day. Just wanted to point out the eerily similar structure in the NASDAQ from the 1987 crash to the run up to 1999. The thing I want to primarily highlight is the correction PRIOR to the final leg up in 1999-2000. So this fractal copied IMMEDIATELY before the FINAL BLOW OFF TOP. The structures are IDENTICAL. BUT, not only...
Friends I hope you all have a wonderful week. Just wanted to post a quick Monthly chart update. What is important going forward is a monthly close over $23.3K. A more significant area of resistance, but one that would all but insure our new uptrend is in place is $25.5K. Lastly, and this is important: Barring a complete melt down in price, our current monthly...
Sometimes it helps when you Zoom out and turn things UPSIDE DOWN to see the BIG PICTURE. While everyone and their cousin is Bearish Risk Assets, Bullish the $USD, & Convinced that the Market is about to crash, that is when its time for us all to take note. What is remarkable about the $USD (upon which ALL risk assets hinge at the moment), is the near perfect...
Friends, I hope your are all having a lovely start to your week. The attached chart is one that I have decided to add to the Bullish side and one I have personally been reluctant to post. It does do something that many will argue with, and I can accept their push back. It is the idea that Bitcoin is still missing a Grand Final 5th Wave top. The way we get there...
Friends, I hope your having a wonderful day. Wanted to share a couple of thoughts with the Legacy markets today. And they are important to consider. We have a lot of confluence amongst the Fib extensions. Either we have already topped at the 1.618 Fib extension from the Pre Covid crash high, or we make a marginal NEW ATH that would break over $39K. That level is...