A couple days ago I suggested that SPX was going to just expand below the uptrend line and above the downtrend line. My expectations are continuing to flow accordingly. The only thing that has me skeptical at this point is how oversold the 4h green wave is. But tae a look at the red, white and yellow wave. They're all curling down. The next rebound in that green...
Time for me to give my view on SPX for probably the next month. The EWT in this chart should only be used as a guide. It's very subjective and price action and geometry are what I give more weight, so lets discuss that for now. I'll also focus a bit on the indicators below the chart as well. First, notice the sell signal in January of 2022 which was the top of...
CLEAR THE WAY... well, that time is over. We are now approaching significant resistance. Right now ACH is holding pretty well up here, but a pullback to 0.034 or potentially 0.027 is on the cards right now. Something is going to happen to crypto in the next 2-3 weeks and it currently doesn't look all that great. Take the plays that you've made a significant bit...
I am finally ready to talk about a real possibility that we'll see a pullback coming soon. Watch the zones up above us around the 26300 area. There's likely going to be a pullback starting from there. Be careful not to do anything stupid, though. This is still a bullish trend after all. Whatever pullback we do get is likely not going to go to your downside, take...
I gave a pretty vague outlook on Cardano the other day so I figure I should probably fess up a bit and let you all know exactly how I feel about it. Right now, it looks like we're in an inverted head and shoulder pattern. It looks like it wants to explode out of here and o straight for the target which is $0.75 but not so fast. Lets discuss a few things...
I'd like to give a little update on our friend ACH. From the lows, we can see there are several spikes in price action. It started in late December 2022 where there were two quick spikes when price discovery was near the lows. Then things got really interesting. Here's what I love about crypto and alts in particular, the spikes that you typically see are followed...
Watching ACH and have been for weeks. Here's my primary observation right now. We've had several areas that acted as support on the way down that broke. Ever since January 14, we've been breaking those support levels which were acting like resistance and we keep flipping them. Until some important support levels get taken out, I'm going to remain...
Taking a close look here and through the duration of 2022, the white wave on the daily wavemaster has been oversold ever since about April. This is the most bullish it has looked in a year. Watching the green/yellow/red, things are still pointing up but not for much longer. Give it another 2 weeks or so and we'll get a decision. Until then, lets look at some key...
Oh there are so many people bearish and scared of BTC right now. So far we're navigating exactly how I expected. I outlined this several times in the last few weeks on various mediums, but the short term demand zone I outlined was tapped perfectly. I do expect there to be some resistance coming on this move up to the trendline (where the green hammer is) but...
We are quickly finding some rejection at this trendline as I expected we would. What I want to point out is there is an important 61.8% internal retracement up above and it looks like we want to test it. From a horizontal perspective, it looks like there's going to be a lot of horizontal resistance in that zone if we do happen to test it. Why is this level...
Roses are red Violets are blue You should be taking profit I have but have you? There were so many different buying opportunities outlined on the chart here going back into late December and early January but it has run and we're starting to create a very large ending diagonal. It's best to take profit on any position that may be open on ROSEUSDT. I do not...
I've been talking about being bullish. Buying the dip. Waiting for a pullback. Well we got it and everybody ended up getting bearish. We're to the point where I do expect there to be some resistance. If you're a counter trend trader, you could go short here. Get out if we get above the trendline we're rejecting from. Your target would be the short term demand...
ZEN sat there and consolidated below $11.00 for quite some time and tried repeatedly to break out. Your first sign should have been on the first two false breakouts. There's a single lesson to learn here: ** Tested levels get weaker each time ** Ok, now that you've learned that lesson, you are a professional, right? Nope. The market has a way to mess with your...
Watching the SPX futures, I have my eyes on the roll/expiration dates for ES. This is mid-March (Mar 17). The trendline I have in white will likely break at some point. We can see some clean confluence that we've got a bit of resistance at this declining level. Are we going to see a new local low before we go up or are we going to go straight up from here? The...
So far we're flowing exactly how I expected. We just got a pullback... but we did not retest the running trendline (the trendline with the increased degree of rise). We now look like we're on the move down after a little correction. The next few weeks will continue to give us clarity. Breaking some of the horizontal supports would increase confidence that the...
I've been watching ASTR for a while now and although I am already somewhat long on this (risk is well defined), I'm looking for confluence for an upside target. If BTC does nothing and ASTR vs BTC goes up to 300 sats, that's a 21.5% increase from where we are today. If BTC increases AND ASTRBTC goes up, then the increase will be exponential if you're looking at...
Just a couple notes going into the next 24-48 hours. It's likely we move up into 4250 (ES, not SPX) in the next day or two before we start a decline. Watch for a 5 wave pattern down and expect that may be the beginning of a larger decline and catch the 3 wave pullback. Keeping it simple today. Market opens soon. Trade carefully! Cheers!
Taking a quick look at ETH to make sure my thesis is still intact and it would appear that it is. I expect a ceiling in Ethereum this year to be somewhere around 2000-2500 and more likely the upper range, but not in this thrust. I believe we're in the final stages of wave (iv) and will go in for wave (v) soon. I don't think that'll be the top, though. Likely...