I am a time traveler and I come from the future. This is a story that is told to our children. Once upon a time, there was a cryptocurrency called Ethereum. People who traded Ethereum watched the price carefully. They noticed that when the price reached $2300, it would go down, and when it reached $800 (if $1200 didn't hold), it would go up. But something strange...
As Bart would say, yo, what's up dudes? So, like, if you're checkin' out the AAPL stock right now, it's lookin' pretty gnarly. It seems like it's gonna go down more, but the real question is if we're gonna hit the top of the channel or not. Personally, I think we're gonna hit the median of the channel and then bounce from there. But, you know, you gotta be super...
Ahoy, me hearties! Let me tell ye a tale about a man named James, a swashbuckling trader who sailed the seas in search of the finest diamonds. James was a master of the diamond top pattern, and he knew how to read the tides of the market to make a profit. When he saw the pattern confirm, he hoisted his sails and set a course for treasure. His crew worked...
John was an avid investor in the stock market, and he had been closely following the semiconductor industry for some time. Lately, there had been a lot of hype around artificial intelligence, and this had caused stock prices in the industry to soar. The technical formation of the chart looked good, and John had seen his investment in the semiconductor industry go...
Once there was a guy who talked about an outcome that nobody believed in. He was laughed at and ridiculed for his ideas. He tried to explain his point of view, but people dismissed him and thought he was foolish. However, he remained persistent in his beliefs and continued to speak about his theory. Then one day, something happened that proved him right, and...
If you've been following me for a while, you know I particularly do care for market geometry and I follow some astrology and I will be outlining some important details for you that I hope you will find helpful. Since my prior posts have gotten a lot of attention, I will be giving you another story for your entertainment at the end of my analysis. I have two...
Be on the lookout for ETH making a diamond top formation. We got a daily sell signal on the wavemaster indicator near the top and we'v been trending down ever since. We need to watch out for a break of the lower trendline. Likely we will bounce around here a little more before we break down... assuming we do break down. A diamond top formation is a technical...
I have a short story for you all but first it's important to mention that we're right at an important level that was created on December 13. If we stay trading below this level, the next important level is near 290. That's a decent drop from where we are today. Keep a watchful eye on your indicators as there's more downside as a possibility. Once upon a time,...
Through their tales of joy and pain, We'll learn to dance in life's sweet rain. So listen well to words from the wise, And let their knowledge be your prize. As an update to my idea yesterday, I discussed that if MSFT broke down, that we'd head toward $253 and we got to $253.58 which is down from 256.87 where we closed yesterday. MSFT filled the gap in the...
Listen well to words from the wise, For they carry truths beyond disguise. Their lessons learned from times gone by, Will guide you towards the sky. In trading, a shooting star is a bearish candlestick pattern that signals a potential reversal in an uptrend. It has a long upper wick and a small body, indicating that the market opened and rallied, but then...
The market sways and shifts its course, Pivoting with great force, A dance of bulls and bears, With twists and turns that no one dares. Investors and traders are closely watching SPY SPX QQQ and NDX as they approach an important supply level, anticipating a potential pivot to the downside. This key level is viewed as a point of resistance where selling pressure...
Price action in financial markets often gravitates towards key supply zones, which are areas where selling pressure has previously been strong enough to drive prices lower. Traders and investors often use supply zones as important levels to watch for potential price reversals or to enter short positions. AAPL is no stranger to this, and when looking at the price...
Trading options based on key levels to take profit can be an effective strategy for investors looking to capitalize on short-term price movements. These key levels, also known as support and resistance levels, are often identified by analyzing historical price data and identifying areas where prices have previously stalled or reversed. By entering trades at these...
Investing, investing, Let's put our money to work! Buying stocks and bonds and funds, For our future we will perk! BOIL, and natural gas in general spent what seems like forever capitulating. There was just too much supply but I expected demand will increase which would drive up the price of natural gas. Supply and demand are the main drivers of commodity prices...
When the market takes a breath, it's important to remember that it's a natural part of its cycle and to exercise patience instead of making impulsive decisions. Rushing to take action during a temporary lull in the market can result in missed opportunities or even losses, so waiting it out can often be the best course of action. ACH had an impressive run and we...
The numbers rise and fall like waves, A game where no one saves, For fortunes are made and lost, In the blink of an eye, at great cost. When investing in a volatile asset, it's important to not let greed cloud your judgement and instead focus on seeing the big picture. While it may be tempting to chase quick gains and try to time the market, this can lead to...
Was I wrong about OP back in December? Yep. I sure was. I'm not afraid to admit it, either. Nobody is right 100% of the time and if they claim to be, they're lying to you. Alright, now that we have that behind us, lets look at OP from a purely tecnicaly perspective. I'm going to focus on the wavemaster and the momentum indicators and check the confluence they...
Watching BTC very closely here. I'm not really expecting a whole lot of upside in the short term but I do expect some. What I would really like to see is BTC making a new high while equities (SPX) making lower highs. That would be the divergence that is needed to see a bigger drop. Depending on where we top out will make a determination on where we pull back to....