The chart is (hopefully) well labeled so I can focus predominately on analysis. The stepped purple line is the 50 week EMA which has been programmed to show on the daily chart and we have clearly found support on it once around August and then we are currently testing it as support. The 100 day simple moving average is currently acting as resistance and I...
Let me be clear, when it comes to the fundamental analysis about what is going on in the monetary world there are so many different arguments and points of view that I can't keep it straight. I am somewhat comforted by the slew of articles saying the Fed does't know what it doesn't know, because if those technocrats don't get the complexities of the Eurodollar,...
We are dealing with two basic concepts when it comes to price action. When price action gaps up or down we often see price action reverse to fill the gap You see a similar phenomenon with the Volume Profile when price action cuts through low volume nodes to high volume nodes (we are not using the VP here). And the pesky problem is gaps can be filled years after...
Pretty simple quick post that assumes you know your divergences. Our long term resistance has become support very recently. The RSI and MACD show hidden bullish divergence, though slightly with the indicators showing technical double bottoms. Finally that blue stepped line is the 50w EMA crammed onto the 4h chart. Considering we landed on the 50w with...
I have had this theory that alt-coins might tank and pump BTCUSD as people are squeezed out of their alt/btc margin positions, and this post will explore that. The post is tagged short for all the alts that are poised for a beatdown. First things first, ETHBTC, for reasons that shoudn't need to be explained. We have a rising wedge terminating at this trendline...
I have been very bullish on BTCUSD in this current formation, expecting a pump up to roughly 11k for a while now, and I have experienced a bit of a bother. Namely, my wedge structure has fallen down. I have been looking at the bold black line to turn from resistance to support and as initially drawn it has clearly failed. Now, falling wedges can have a "dip"...
I have been looking for Bump and Run formations because they are one of the most reliable formations out of all formations and so the effort seems important. My linked post will show how falling wedges often have a BARR within them and I am making the case now that ETHBTC is in a long term falling wedge with a BARR to get us to perform out of it. Key to the BARR...
If you want more background read the linked post on the Bump and Run formation and its reliability. This post assumes you know the terms and how to target set. The post is tagged long due to my swing trade being in long. BTCUSD has found support on both the 200 daily EMA as well as the Lead in trend line acting as support. A first quick move has us consolidating...
This needs to be emphasized and reemphasized. Bulkowski wrote the literal Encyclopedia of Chart Patterns and ranked formations against one anther and the the Bump And Run formation, both as a top and a bottom formation rank #1 when it comes to performance thepatternsite.com Falling wedges by themselves are garbage, expect when they are macro structures in a...
After the April Fools Pump earlier this year the Bump and Run Reversal was tweeted out by an analysis and it quickly took over crypto media (Tradingview, twitter, youtube, etc) and after about a week, the fad was over and people mostly went on with their short term TA. I am beginning to see the potential for a fractal Wedge to BARR formation which could lead to a...
TLDR: Volume ins't bullish and we are at long term resistance The last couple of days have been very volatile and the end results still are ambiguous. BTCUSD stalled in a very obvious place and has a clear rejection wick and we may end up with a busted BARR bottom reversal. Another possibility is that this pump was a throw back on the descending triangle, which...
I am not going to re-write ALL the callout boxes in the body of the post, but I will go over the differences and other points and point out emphatically that we are on support on the lower limit of the weekly Bollinger band, and the 100w SMA, and so I don't think our very next move is to the downside, but we will go up first. I have stated my intent to short...
The flagpole and falling wedge formation is very visible on Silver and many of the silver tickers have many posts about this formation and so I think we will see a lot of people playing that technically. I believe there is a strong case for the development of an acceding triangle developing within the falling wedge, which we have just began to trade out...
I am not an elliot wave expert but I think I see with enough clarity what is going to happen big picture with silver between here and about $22 dollars that I can try and do a trial run. I have the fib retracement as back up and the flag pole, falling wedge and falling wedge target as backup. The linked posts can go into those structures for those...
TLDR: XPR is staged bullishly over the next couple of weeks/months compared to the dollar, bitcoin and Ether. XRP and its pairs have always been one of the hardest pairs for me to trade. When I get it right it pays for all of the other trades but often I feel like it isn't worth the bother. I even repeat the advise I hear from others, being short the break...
First of all, the divergence primer. These work on both bound and undbound oscillators. Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the...
I have been staring at this continuation pattern for a while now and it just doesn't make sense. Head and shoulders are suppose to be reversal patterns, not a continuation pattern, and nothing else I draw seems to make sense. There are a couple of ideas about a triangle formation made out of the neckline and the Head to right shoulder peak but that doesn't look...
For reasons I am sure you all know, I think silver is staged for a massive move and I want to make sure I get all the gains I can for the least amount of work; I am not looking to day trade or swing trade my silver positions. On the right in orange is the multi-year consolidation pattern we went through and the break out thereof. There is currently the chance of...