The loonie looks primed to take ground over the greenback not only in terms of technicals, but also fundamentals.
This week, on the 19th, the Fed will give us insight into future changes in the federal funds rate, with most language being dovish recently. They probably won't lower it this upcoming week, but rather do it in late July and once again in Sept. As of...
We got a 9 sell a couple days ago, and the green 1 and 2 haven't broken the high of the 9, so it seems unlikely it'll continue higher from here based off technicals. Of course news and the fed manipulate and inflate the index a lot.
We've come to the end of the wedge and we're out of it.
All we can do it wait and watch.
Stay safe out there fellas.
Got a few scenarios mapped out here. It's actually really scary to me, because if we drop hard over the next few weeks it could be a long-term recession and potentially depression for many years to come. But, I don't think it's likely we'll dump hard because the Fed and banks will do what they can to manipulate the price and keep the bubble going.
I think it's...
We have obvious +div on the oscillators here, but today closed below support.
If tomorrow closes below support as well then it'll dump more next week most likely, that's if it doesn't dump tomorrow.
If tomorrow closes above/on support then we can expect a small, possible 100 point, bounce the next week, although 70 points seems more likely.
As expected, spx fell some more, but closed right on support.
I don't think it'll drop much more from here, if it does, I think it'll be a shallow fall just to take out stop losses, then go into consolidation.
Let's see what happens, fellas.
So, the -div I pointed out over a week ago finally played out and has confirmed. I think when markets open price will bounce, and then that's a great time to entry/re-enter/add on.
We have VBP and the .786 fib showing us where support is, which is where it'll most likely go into consolidation at. After everything is played out we'll look at the possibilities and...
We got some -divergence on daily here on RSI and SQZMOM, so expecting a drop, but of course not sure how deep it'll go, but these are the possibilities. Not smart to be aggressive on any shorts because it's the stock market we're talking about here... Great chance this is an opportunity to take some profits and or get in after a drawback.
Using fib's and...
BTC is still taking it on the chops, and it's looking very grim on higher time frames with the descending triangle. Mid term on daily time frame is looking rough with this massive red dildo, and if/when we break $6118.7 we'll most likely drop below 6k again.
We have to start making higher highs instead of lower highs. If we break above $6596.5 then the chances...
ETH is looking rough in terms of how much it has crashed, but that means long term buy and hodl opportunities are here.
If we break the previous low at $167.32, then we will most likely fall to the $137-135 area.
This area has a lot of support in terms of fib, structural support from mid july of 2017 and VBP support.
If bitcoin breaks down out of the long...
We're approaching the resistance of the larger falling wedge. I personally think that it will reverse from there because it's trending up in a rising wedge which is a bearish pattern. Also, we have -div on the 8 setting squeeze.
I think we'll reach $5,200ish before having a significant reversal, one that hopefully breaks up out of the larger falling wedge....
This inverse head and shoulders pattern is particularly pretty bullish because the right shoulder is higher than left shoulder.
Expecting price to reach at least $246. But, if price doesn't ever close above $239.73, then going to move stop loss to break even or close out with what profit you got.
Watch closely for any fundamental analysis (news) that could...
It seems pretty likely that we're going to make new lows; the first indication is that we went sideways for a few days and just today broke below the low of the sideways movement. The next indication is that we're insanely close the the local low and it's pretty certain that it'll be broken.
This bleeding will continue until the SEC approves the CBOE bitcoin...
Smaller time frames look like we're ready to go up a little bit to around $6,800, but just as a short squeeze.
Still waiting to see if we go to $5,500-$5,200.
Wall street and institutions have set themselves up for a huge crypto boom.
1)We have the CBOE bitcoin ETF that has been said to have a 95%+ chance of getting approved by the SEC, which will be the...
So we have a few things going on here that tell me we're going to have a pullback.
1) Looks like we've formed the left shoulder and the head, and that we're going to create a right shoulder. I don't think we'll close below $6,167.04 here on this chart, which if we did we would go down further to complete the pattern.
2) We have -div here on the 4 hour chart on...
Sadly, the pennant broke downwards and continued the downtrend for a total of 55 days as of now.
Now that the dust has settled we've built some nice strong +div on 3 day, and a little +div on daily. We've gone down into a falling wedge on seen on daily tf.
T D Sequential is still signalling bearish, but 3 day is showing a potential reversal in roughly a week,...