MoneyPatterns

MoneyPatterns

Daily view shows same pink channel (2009 to Present) and blue ascending wedge (1993-Present). Price is currently hitting top of blue wedge. RSI is overbought. Fisher Transform turning down and bearish (orange on top of blue). If we do go any higher, we should go down 5-8% before seeing a reversal or if further downtrend continues. Either way this ascending...

MoneyPatterns

What do you think happens next based on previous expansions in S&P500? Does it look like we have much higher to gain? Is the risk worth the reward? Last two drops after such expansion were 40-50%. Does this ascending wedge seem to breakout in previous patterns? Sorry this does not look like expansion to me.

MoneyPatterns Updated 

All indicators are turning Bearish on Daily - MACD, RSI, Fisher Transform. Everything is overbought. Average downturn was 15 days last two times. This is part of a very large ascending wedge which pattern suggests will fail sometime 2020. Nov 18 Put at Strike Price is $250ish...but return to SPY 270 level turns $250 into $2900 :) We probably get to SPY 290 which...

MoneyPatterns

Based on the Gaussian Channel, the loading zone where the turn occurs is Oct. 31 and Nov. 1st. Watch for turn to green on 1HR Gaussian Channel. Price may ride the 4HR Gaussian Channel line up (green solid line). If we confirm the 10k breakout....see you all at 12k. :)

MoneyPatterns

Fisher Transform, MACD, and RSI turned bullish on Daily. Falling wedge within falling wedge is turning to breakout higher. Going into the holidays it may go super-bullish and blast through the top of wedge. Otherwise rejection at top of wedge in November/December provides another entry in January at point of wedge. By Mid-2020 to Late-2020 we should see VIXY get...

MoneyPatterns

There were 10 pullbacks ranging from 23% to 42% during the 2017 bullrun (in perspective from where we are to halving). We are very early in this run. There will be many tasty dips to enjoy according to last bullrun. But were we are (Green Vertical Line) according to the halving was a 66X!!! ($298 - $19,797) We may not get close to same return, but if we aim for...

MoneyPatterns

GDX, SPY, and VIXY all tell similar story. Things are topped out. Gold, Bitcoin, and shorting SPY will be the best (if not the only) options for alpha in the upcoming market. If you are long SPY or any equities, be careful chasing that last 10% because a 20%+ drop is below you. Long - GDX, MARA, VIXY, BTCUSD, GBTC.

MoneyPatterns Updated 

A falling wedge of this magnitude is rare in my opinion. This level for the VIX is also great for GBTC and Bitcoin. 9 years show this wedge is falling to lowest levels ever - Right before presidential race, qualitative easing, negative interest, and ballooning corporate debt. Comes to a point February 2020 but could take off before. But it should retest $30+ in...

MoneyPatterns

Looks like multiple indicators showing a slow turn around the gap-fill at $8700 to breakout between today and November 1st. Trying to buy at ultimate lows, or sell at ultimate highs, the "air is thinner". Getting in or out close enough is all you need. Don't miss out on dollars....trying to get something cheaper for pennies. BTC is going up once Gaussian...

MoneyPatterns

We are going down, but NOT far. Don't get excited bears. Close this gap and lets go higher. Better now than later. All turning bearish on 1 HR - MACD, Fisher Transform, Gaussian Channel If we chug along, look for entries on Halloween when everyone is "having a good time". Then again, there can always be a quick drop with bitcoin...but this should reach $8700...

MoneyPatterns

Gaussian channel and triangle looking like we retest $9700 before going higher. Only need to get over $10k soon if the Cup and Handle on Daily plays out. WE ARE CLOSE!

MoneyPatterns

Once the Gaussian Channel flips to green and the price crosses....we are off ladies and gentlemen. "Roads....where we're going, we don't need roads" - Dr. Emmet Brown

MoneyPatterns

MARA - Marathon Patent Group - is a good proxy for BTCUSD and GBTC. MARA operates bitcoin mining hardware and mirrors price action in bitcoin and GBTC (sometimes as a leading indicator). During 2017 bullrun MARA was over $38. Current price is under $1.60. The MARA chart shows that there is a bullish breakout coming from the falling wedge, which repeats in this...

MoneyPatterns

Looks like the handle pattern will play out around 2pm EST today. We should be able to validate the pattern shortly after. Funny how I see rallies like this build right around end of equities market 4pm EST. Bullish on Daily. Bullish on Weekly. Fisher Transform just changed positive. = Long term bullish trend incoming. Let me know what you think. Like if you...

MoneyPatterns

I do not see this 50SMA / 200SMA cross to be bearish, as the current price is above both moving averages. The price is also above Gaussian Channel mid-line, with channel turning to green soon (bullish on daily). In my opinion, if we get the channel to turn bullish on the weekly we have a longer term bullish trend going. Hope everyone has a great weekend. ...

MoneyPatterns Updated 

Looks like bull flag continuation to me on 1HR and 4HR. Daily indicator turned to Buy signal today, using 3 day trailing stop rule. If you wish to trade, I would wait for $9100 or less to enter with $10,500 or greater sell target. Good day trading! Long BTCUSD and GBTC. Thank you all for comments (positive or negative). I appreciate the dialogue. :)

MoneyPatterns

Using the log chart, many contact points on both curves. Stock to flow model still valid in this chart. Let me know what you think.

MoneyPatterns

Looks like bull flag will complete. Might take a breather at the top. RSI is getting overbought on the 30min, but not even close to the daily. Hold if you want long term gains with less headache. Trade at $9750 if you gotta pay rent or something. I am not a financial advisor.