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We've got quite a few things going on with the markets but one thing I can't ignore is the fact that Bitcoin had a massive dump after FTX that liquidated huge players. SBF played games with investor funds where he shouldn't have. What happeend to Bitcoin, though? It would appear nothing since we're trading higher than we were when that news dropped. BTC has...

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I've been a bull all year and that has paid dividends. Now is the time where I'm cautious. Mostly because of the structure. I can see some upside in the next 24-48 hours, but then I believe we're going to see a little downside going into Valentines Day. No, I'm not talking about a nose dive into the $5k region. I'm just talking about a move potentially down to...

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I was pointed to this inverted head and shoulders last night and it's almost too perfect. You can look at the structure and the neckline (slightly declining) and it's perfect. Well, we just kinda broke out yesterday. Chances are you can get a better entry from here if this is what you want to play. It may (and probably will) chop back under this important...

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Looking at the ethereum chart and it’s clear that a major correction has completed. Problem is too many people think the bottom is in. Don’t get me wrong, a bottom is in but now the market is in a phase where short sellers are going to get their faces ripped off. The phase of the market where bears are late to the game. I wouldn’t consider shorts until ethereum...

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I alerted here the start of a bump and run reversal on USDT dominance on January 12th. At the time, I said: "Technically speaking, spot positions in alts are your best bet. Watch BTC dominance (hint - it's rising, too), however I think alts may be about to pop soon if BTC can stay above $18k." BTC at the time was just starting to poke at $18,000 and it was only...

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I was just scanning through some things this morning and noticed that cardano is creating a small expanding Diagonal overnight. Indicators are still very overbought, especially on higher timeframes, but the structure here suggests there may be another leg up. Bullish above 0.3065 I'm not necessarily bearish below, but any leveraged position should close below...

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Looking at tether dominance - it's losing dominance which means other cryptos, whether it be BTC or ALTS, are going to see a rise in value. It doesn't necessarily mean USDT is flowing into those cryptos, but it means that other cryptos are rising in dominance. Technically speaking, spot positions in alts are your best bet. Watch BTC dominance (hint - it's rising,...

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Ethereum has been one of those golden tickets that have been pretty predictable but have surprised many. Now that the fork is complete, I would expect Ethereum to continue to dominate moving forward. As discussed previously, I believe Ethereum won't see any prices above roughly $2500 this year, but that still means there's great opportunity to double your money...

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Nobody is talking about Bitcoin volatility, but everybody is talking about VIX - so here's the chart and please join me for this TED talk on the history of bitcoin volatility index BVOL when compared to BTC. We can argue about how BVOL is calculated and whether or not it's relevant but whatever your opinion may be, you need to focus more on the comparison between...

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We are now able to build a case for a move up to 17500. Expect a retest of the upper trendline of this wedge. Accept it as support, and we go up. Go back into the wedge, breakdown is possible. Stops at breakeven.

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Back on December 26, I said that my corrective target for LTC was around $90 and we've basically been moving up ever since then. We are nearing the wave 4 target, meaning a wave 5 should be coming. There's a simple trade setup here. You can short a move into $90 with a stop loss at the low on February 24 at $91.50 - Violation of that 91.50 area will weaken my...

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Going back to November 21st, BTC was in a bearish channel that was very corrective in nature. By corrective, I simply mean there is a lot of overlapping waves in the structure. It's hard to pull out any kind of a bullish count out of this. I discussed this bearish count right before BTC hit the top of the channel back around December 13th. Right after that, a...

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Solana has been battered and abused for a couple months now, thanks to SBF and his cronies, however there's somebody that seems to really like Solana and it's making me think twice about being super bearish on it. There is something that Vitalik said in his tweet that rings true. "Opportunistic money people have been washed" - consider this, forced liquidation of...

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I've been watching AAPL for quite some time and there was a nice wedge that has played out so far. What I can say is that from the high in Januaru 2022 to the low in June 2022 and the retrace up into August 2022 has created a bottom at 124.33 as seen on the chart. Notice that we bounced from there almost exactly (within like $1). Also, the initial decline &...

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Yes, the title is a bit of clickbait, but this is a very valid setup and looking at the weekly chart, there's not a lot of great things to say about BNB. I am bearish on BNB even though I think it can gain about $20-$25 from where we are today. After that, I'm looking for a $100+ drop. The BTC pair (not shown here) has significant bearish divergence as well. Be...

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As per usual I am watching SPX quite a bit here recently. Yesterday I bought some SPXL on a move up and closed it today. Price action at the open was very strong and it may be difficult to see but I have "CALLS ABOVE 3948" so I have some lotto sized calls going into tomorrow. I also took this opportunity to get into some longer term short positions and will get...

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AAPL is the crown gem of the S&P 500 and it's been moving up forever. Looking at the wave master indicator, you'll notice the red and white wave on the daily timeframe has been in overbought ierritory for literally years. That ended this year, moving into the neutral zone around May of 2022. That was after a big decline of roughly 27%. Then yesterday we broke...

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I've been watching BTC since we've been in this price acceptance range. A lot of volume has traded in this range since even the end of November. We've seen liquidity hunts to both the upside and downside frequently. This is perfect bear market price action and it reminds me of late 2018 in a big way. This recent breakdown is much different than the previous...