ScotianBot

ScotianBot

The bands of the Williams alligator are expanding to the downside, inherently bearish, you want to see the bands trending upward and expanding similar to before the bearish shift in momentum. EOM.

ScotianBot

It appears as though ADN has broken flush to the upside of a descending channel which is drawn as two parallel declining lines drawn green on the chart, notice the rejection nearly exactly at the 200DMA. On the KST there's a bullish cross where I've placed the green finger. More often than not when the KST gets this over-extended there's a sell-off immediately...

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It appears as though the DJI has found a micro bottom, expect a bounce to the downward sloping resistance of the broadening wedge near term. I've placed a green finger to highlight the micro bottom of the pattern. Currently trading under the 200DMA, historically this has been a great time to enter a position. The DJI doesn't stay under the 200DMA very long, over...

ScotianBot Updated 

wow, hard to believe canopy is getting near my entry point in 2016-2017. This stock has been a rollercoaster since rec legalization in Canada. A Potential trading range is highlighted in green. Any price movement that is sustained below or above the green lines is noteworthy. If WEED doesn't hold the green line of support a gap down to CAD $2.80 is highly...

ScotianBot

Price target CAD $4.20 by June 2023. GTII is trading well below the 200DMA, expect a bounce towards the downward sloping resistance of the descending broadening wedge near term and short or sell your swing trade in that area.

ScotianBot

Or, is gold forming a cup and handle? Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame. Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see...

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Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment. I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag...

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BTC appears to be consolidating in an ascending Triangle, the exception target in a bullish scenario is approximately 200k. Hard time believe until it happens. We've seen a rejection at the 200 DMA, and a bearish divergence. Bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a...

ScotianBot

It seems as though BTC is forming an ascending triangle on a micro time frame on a yearly chart. On the RSI the pattern appears like a bearish pennant. Bearish cross on the KST.

ScotianBot

It appears though Tilray, TLRY on NASDAQ is trading in a descending channel. A bounce to the downward sloping resistance of the pattern is expected near term, the company is a pump machine with the PRs, Irwin has his eyes on more than Hexo, so in my opinion, the company will continue M&A, and has the rights to change the terms of agreement with Hexo pending due...

ScotianBot Updated 

It appears as though TNY is forming an ascending triangle inside of a descending channel on a log scale chart. I drew two hypothetical scenarios likely to occur, trading is often never perfect. On the KST there's recently been a bullish cross, oftentimes throughout the history of the stocks trading, increased price action has followed.

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25k ETH? It appears as though Ethereum has a breakout extension target of 25k if this ascending triangle plays out bullishly.

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A rising wedge forms when the price’s movement consolidates between two sloping trend lines collectively displayed as a triangle. These sloping lines are basically support and resistance levels that move in a converging pattern (the lower line is the support line, while the upper one is the resistance line). The support and resistance lines both point towards an...

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37c in the next 3-6 months. Possible decline to 6.5c before a reversal. Bullish cross on the KST! Tinley's trading in a descending broadening wedge. With the Descending Broadening Wedge formation, we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper...

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On the RSI there appears to be a noticeable divergence, there's a series of higher lows forming an ascending triangle. The price is displaying a series of lower highs forming a descending triangle. A bullish divergence or bearish divergence? A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation...

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It appears as though GBR is displaying some bearish indicators coinciding with a price decline into a descending channel. The Williams Alligator is showing a bearish cross and the bands widening pointing to the downside showing bearish strength.

ScotianBot

It appears as though BTC is trading in a descending channel or a falling wedge. On the RSI there's clearly a descending triangle with a series of lower highs. On the DMI there was recently a bearish cross coinciding with a sharp decrease in the price. It's likely BTC bounces off the baseline support of the descending channel, look for sell pressure at the...

ScotianBot Updated 

In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line. A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME...