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The Trade SPY and other index ETFs are putting in rising wedge patterns, as seen in the chart, every rising wedge has been met with a subsequent mean reversion at least, or more substantive drop at worst (i.e. the drop in May). So it is time to hedge your positions accordingly, both to protect and profit from the drop that looks set to come in the next week or...

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Micron (MU) has had a monster run, now it looks time that the longs will take profits. MU is in a rising wedge and has shown a high degree of excess exuberance, i would be looking at either taking your long profits now and wait for a pullback to the 9 ema, or i would look for a short trade with the same target in mind. Personally i would favor the latter as the...

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Please go and read my other Bitcoin articles to get a better view of this analysis and feel free to engage the post Bitcoin has corrected at press time to just above $10,000 USD, with a current low of around $9850 USD, is this the correction we have been waiting for? Is this time to buy? Well, maybe. This correction has brought us back to the 9 ema on the...

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Just a quick update, will do a longer form analysis later Bitcoin has had a nice move down, if you are looking to enter a long position, now would be good time to have an initial entry, bear in mind we may still move down, so only enter in fractional positions. Update later on the technicals.

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TL;DR: Bitcoin has put in a weekly Doji candle pattern (indicates indecision and potential reversal), be aware that we are quite extended on the weekly time frame and overdue for a pullback (as alluded to in my prior Bitcoin article). The downside target support would be the 9 ema on the weekly time frame, at around $9100 USD, this also correlates roughly with...

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Litecoin has resolved to the downside from it's symmetrical triangle (as i noted in my prior Litecoin article) and looks to be set to retest the 20 ma support on the weekly, around the $90 USD level. Note that this point acted as must hold support during the 2017 bull market and i believe could very well do so again, at press time Bitcoin and Litecoin appear to...

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Interesting note, the number of short positions on Bitcoin has just dropped dramatically (60% at press time), this is undoubtedly going to be people who shorted Bitcoin during the run, closing their positions now that Bitcoin has dropped so sharply. What this could potentially mean, near-term at least, is that these formerly short positioned traders could look...

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Bitcoin, at press time, seems to have held the support it put in at $10,800 USD and looks like a breakout may be imminent, it is still too early to say for sure, however should this inverted head and shoulders (IHS) play out, the target (based upon the measured move from the IHS) would place Bitcoin around $14,000 USD. Note, Bitcoin has not broken above the...

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Litecoin (LTC) has managed to hold the 55 ema level for several days and as you can see from the triangle pattern forming, LTC seems to be storing energy for a move (either to the upside or downside). On the weekly chart LTC has fallen back to the 9 ema, which has historically acted as the first line for major support, during the 2017 bull run LTC fell to the 9...

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TL;DR; The July FOMC meeting at the end of July will be key in determining the short term trajectory of gold prices, futures are pricing in 100% chance of a rate cut. If the fed complies, expect stocks, gold and damn near every other asset to rise as a result. If they do not, then the market will drop and force their hand at the next FOMC meeting. In any case,...

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Bitcoin has had quite a nice pullback in the last few days, I noted the weekly doji candle pattern prior to the move, the pullback was not quite as deep as i anticipated ($9,200 USD vs a realised $9,500 USD drop) however, the recent bounce off support (mid point of the Keltner channel (20 ma) has painted a possible inverted head and shoulders, prominent on the 4hr...

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TL;DR: Bitcoin is overdue for a pullback/ consolidation after completing wave 3 of the 5 wave Elliott pattern, looking at the exponential upper trend line the next move up (most likely seen in fits and starts, not one continuous unimpeded run) could have us retesting prior highs by mid-late August. The green support line ($10,400 USD) is the intermediate wick low,...

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TL;DR: Watch for a rising wedge pattern on Litecoin, if it resolves to the down a move to around $100ish USD is possible, prevailing trend is strong, move above 23.6% fib retracement signals a brief respite before a move for the next target at around $170 USD After quite a powerful and sustained rally, Litecoin appears to be retreating, a weekly rising wedge...