Clear Head & Shoulders Pattern played out very similarly to the 2018 Bear Market. The last time we saw this type of breakdown we can see the bottom wicks were very similar and did NOT suggest a bottom. The First Support is at $1450. The Second Support, if we see a World Wide Recession play out, is $460. I know that the second target seems impossible but...
As you can see by the chart, I have labeled every time $AAPL has deviated from its current trend and what follows right after. This has been a consistent pattern over the last decade and I believe today is no different. Powell reaffirmed his fight for Price Stability yesterday and will continue to do so until the mission is accomplished. 50 Year High...
This is just going to be a short-term update on BTC as we are finally seeing some structured form after the recent bloodbath. This is purely a technical setup on LTF. If you're wondering about the title, it is in reference to the Bear Flag that originally brought us here in the first place. And yet here we go...
Markets are oversold and as bad as the Macro Environment is, things are not spiraling at this very moment. I suspect we will continue to see momentum swing to the upside short term as we head into the rest of this week. It is possible we are seeing a false move on a Monday but TA suggests a fair chance for a bounce. Now, this does not detract from my...
As we approach critical crossroads for where markets are headed let us have a small recap of how we got here. Here is my SPX post I published on March 23rd. Price has finally hit support in the chart. See for yourself: Something odd though is that NDQ (Posted on March 22) has...
Just going to leave this here as we head into the weekend. I don't claim to have a crystal ball but I'm going to go out on a limb here and say BTC simply hasn't made a long-term bottom . BTC can bounce to $34,000-$35,000. From there I'm expecting another move down to test the 200W MA or the exact middle of the Channel. Too much confluence in this area. ...
This break-out is quite significant and realistically potentially indicates a real turning point in the market. Up until recently, it was still questionable whether BTC would find a bottom and may continue the Bull Run. But after the carnage this week and the Luna catastrophe, the market has lost all momentum. Alts are bleeding to nothing and BTC has become...
This break-out is quite significant and realistically potentially indicates a real turning point in the market. Up until recently, it was still questionable whether BTC would find a bottom and may continue the Bull Run. But after the carnage this week and the Luna catastrophe, the market has lost all momentum. Alts are bleeding to nothing and BTC has become...
Im here to say this is the Third Capitulation event in roughly 4 years. Trying to catch the falling knife is very dangerous unless you are absolutely ready to lose it. LUNA and their Stable Coin was the final nail in the coffin to send the market over the edge. Just remember, although fear has taken over and doom has arrived, this too shall pass. This...
No analysis here, just sharing this so everyone can appreciate it as much as I do. For anyone who lost in this terrible situation, it is an awful thing to happen. My thoughts are with the ones who lost much more than they could actually afford. Bad times come but they don't last. There is always light at the end of the tunnel. Stay focused and learn from...
All of Crypto has been in an absolute free fall the last few days. Between Luna and the Stable Coin catastrophe, the entire crypto space is in disarray. FUD is at an all-time high, and many people have lost their entire life savings. A massive Head & Shoulders pattern has been completed and the measured move down from the break is 49.90% . That puts...
Alt Coins are in total free fall. A massive Head & Shoulders pattern has been completed and the measured move down from the break is 49.43%. That puts the Total 2 Cap around 483 Billion. Short-term relief is possible, but the general direction seems clear.
As the title suggests, ADA has lost all significant support. Alt Coins are being absolutely obliterated today and this one is no exception. Support currently sits around $0.30 Cents. Maybe the price bounces around a bit before reaching this target, but it ultimately will hit it. Trust the process! Here is the Marco View for...
As the title suggests, XRP has lost all significant support. Alt Coins are being absolutely obliterated today and this one is no exception. Support currently sits around $0.30 Cents. Maybe the price bounces around a bit before reaching this target, but it ultimately will hit it. Trust the process! Here is the Macro View for...
Despite the recent carnage we are seeing RECORD Longs from people attempting the catch the falling knife. BTC has dropped so much that surely it can't possibly continue, right? Well, the RSI on the Monthly tells a different story. Clearly, there is room to drop further before establishing a strong bottom. NEVER before in BTC's history has Price tested the...
BTC is currently the equivalent of hanging off the edge of a mountain. One wrong move and Drop. Anyone who has followed me for some time has seen this chart and most likely knows its significance . These levels are extremely important and have proven this over a long period of time. Here is the Marco perspective for reference:...
Im here to tell you although darkness has forsaken the market, there will still be opportunities. I believe we are approaching just that. It's coming time for a relief bounce and a Bearish retest of these lost levels. Here is the Macro view for reference: If the market doesn't reverse to retest these levels, the...
As the title says, BTC has lost a few important supports over the last few days . Because of these lost levels, I expect a restest of them before most likely deciding what's next. These are roughly the paths I expect, barring any extreme movement. It is a very interesting week for the stock market and will lead to more volatility. Supports and...