Teklologist

Teklologist Updated 

Long BTC. Short SPX. Very interesting correlations can be observed between BTC and SPX . Comparing prices of BTC , SPX , and SPX-BTC we see SPX went against the trend last week: it gained this week while SPX-BTC dropped. SPX is overdue for a drop to 2440 where it will complete a major HS pattern based on Highs. This will cause it to further plummet and continue...

Teklologist Updated 

I've remained pretty bullish these past couple of days. However, upon noticing this I'm considering selling.

Teklologist Updated 

Could go up or down. Lots of bears out there, but I remain bullish for BTC.

Teklologist

Bull market has kicked into full gear, perhaps at an accelerated pace when compared to the 2013-2015 cycle. Colored vertical lines indicate comparable points across current and previous market cycles. Purple lines indicate the week in which a cycle ends, i.e., the end of a bear market and start of a bull market. Yellow lines indicate the week in which a new...

Teklologist Updated 

After further analysis thanks to Baseline, it's clear that the Bull cycle is ready for action. This idea amends my previous idea of a continued Bear market, linked below: Don't Forget the Big Picture ).

Teklologist Updated 

Guess it depends on what you see: ascending triangle or wedge? My strategy tells what I see.

Teklologist Updated 

Bearish until 2020, which starts the next presidential term.

Teklologist Updated 

Chart says it all

Teklologist Updated 

Me attempting to corrected CryptoManiac101's below idea. Would be amazing were BTC to play out like this.

Teklologist

Chart says it all. Related ideas and charts are below. An odd coincidence occurs were this idea and the BTC one to unfold: BTC and SPX price would be approximately equally priced.

Teklologist Updated 

Impending Captain 'M'arvel crash. SPX will bomb like the impending similarly-titled movie, potentially together. A large Thanos H&S pattern has been thwarted from crashing the SPX by Fib-Avengers since ~2009. However, the Fib-Avengers work will be undone by a Capt 'M'arvel H&S pattern that will crash the SPX towards 2000. Fortunately, at least the SPX will not...

Teklologist Updated 

Simple reminder of the big picture. Implies this market cycle is unfolding much slower than the previous one. The possibility remains that BTC could be following a Bullish pattern similar to NASDAQ circa 2001 - see linked chart.

Teklologist

Simply a possibility. Uncertain whether this pattern actually qualifies as an IH&S. Though were it to, it would mean bad news for SPX Bulls and good news for SPX Bears.

Teklologist

Orange counts - leading diagonal Wave 1s Red counts - failed Wave 3s (Wave 5 ~= 1.62 x ) Orange lines - potential bottoms of orange counts Red lines - potential bottoms of red counts

Teklologist

Doubtful that this is one large Bullish pennant. More likely it has broken into a descending channel.

Teklologist

If the trend continues then SPX will surely crash.

Teklologist

Methodology: Regression trend change, EW count, Fib retracement. Edit: See linked idea for unconventional bottom estimate that’s still validly playing out.

Teklologist

Let’s see whether this is what’s going on.