About meProfessional BTC and Stock trader. Do you Want to learn how to trade, earn money and be apart of a great community that trades crypto and stocks? Join our FREE discord which is at 100 members already. https://discord.gg/5qbEtN2
On the 4 Hourly we are seeing a massive Inverse Head and Shoulders pattern.
I believe that the inflation data by the FED minutes, is going to send Silver to breakout from the downtrend it has been on for some time.
Stay tuned for long-targets, as we see this breakout accour.
Mine production from primary silver companies also fell last...
Hi Guys, as we can see there is some accumulation happening of Gold. Right now Wyckoff Method is playing exactly like the method suggest.
If you look at the Accumulation Schematic #2: Wyckoff Events and Phases, We are continuing the last accumulation Phase of D.
As you can see on the chart there are some indications that are pointing out that NASDAQ is repeating the Bitcoin Crash. One of of them is the rising wedge.
Per the wavecount you can see that NASDAQ is completing the last ABCDE of the Wedge that is leading to a breakout of the downside if it were to complete.
RSI is telling the same story. The...
As you can be by the following my previous idea was based was QuantumScape. The new opportunity arised when i saw that the 2 charts, are mostly identical in terms of price action and technical analysis.
1. CCIV have had 5 major waves down, finishing off at the 2.618 trend-based fib-Extension. QS has the exact same level of 2.618 where it bounced of the last...
Note, my analysis wont reflect the SEC case, as i am not a fundamentals trader. I only look at wave patterns and price-action.
To start off with XRP is looking very juicy, due to multiple factors:
1: We have the same wedge formation pattern as we had as the run up from 0.24 to 0.75. Why is this important? In general we know that history repeats itself, which...
Although there are many controversial opinions about their battery technology and that they won’t deliver, this analysis doesn’t focus on the fundamentals regarding that. This is simply a TA based approach.
Elliot wave Theory:
QS have finished a wave 2 correction; it is now ongoing for a 3rd wave up. As long as QS maintains current price and DOES NOT go below...
What we have here is as typical Wedge pattern with the (E) wave ending at around 11-10 USD.
To confirm this movement we have our CCI indicator which seems to indicate that its losing steam on the downtrend.
And to all the haters saying the airline industry is gonna go bankrupt. The federal loans disagree with you.
If you want to buy, now is the time.
1: DAX: Looking at the weekly, you can clearly see what DAX has done. It doesn't take an EW expert to see that we just finished wave 4. Wave 3 ended at 13.362 (1.618) fib, which means this correction is a wave 4 correction. Our rule 1 was: If it broke Wave 1 which was at 8122 the wave structure would have been invalidated. But since it didn't, we are looking at...
Uranium stocks are down 95% from their peak. There has been no energy source that has a better efficiency . Nuclear Power plants are better IMO. They about 1.5 to 2 times more as natural gas and coal units, and 2.5 to 3.5 times more reliable than wind and solar plants. Furthermore Iran cancelled it's Nuclear. Well guess what? Nuclear Bombs are made out of Uranium....
We have a ABCDE wedge ongoing. Currently we seem to be at the ending of wave (E)
We already developed 5 waves up to the upside of (E), and we seem to be at the end of this extension.
I dont have a specific target yet, but i will update this idea, if this goes as expected.
I would short anywhere in the red box.
I have been looking at 2 scenarios in this market.
1: The bullish count: As we saw the (a) wave did an ABC pattern, which a must for an A. Then the B proceeded to make 5 waves down and bounce of the 0.618 fib which does make it look like an ending to the correction. Then we had a wave 1 in play, proceeded by a wave 2 down. So our wave 2 has not yet gone below...