Just a quick thread here to say that this dump will prove to be a shakeout fear test and not a collapse. Not advice.
TSLA bounced just above the 0.382 on the 50 day MA. Now looks like it may be getting close to consolidating 2021 support. And its starting to look like this area will hold although there is a gap that may fill before continuing on up. But with indexes looking corrective to the downside this is probably a good area to buy for the next bull cycle 🧐. Not advice
Here's my May TradingView video for Bitcoin. See you @ $174K . Enjoy 👍🏻.
Doomsday bears have been looking for RUT to go much lower and cheering every slump but its been an accumulation all along. Finding support on the 0.382 retracement is BULLISH and that is also cycle top support. Now in a tight circled price band - this is patterns within patterns; an accumulation within an accumulation. Somewhat bowl shaped and plenty of...
FOMC announcement is coming in soon and most of the FED aware trading community (not hodlers) think the financial world is on the brink of catastrophic disaster. And who could blame them, that is what the news has been forcefully pushing. But what they don't seem to be shouting from the roof tops is that Congress has already raised the debt ceiling 78 times...
I've seen this pattern a few times recently. Here it is not exactly the same but there is a steep then shallow descending channel separated by a dump that led to a pump. TLRY dump fell below the major 2020 low and so this is a significant area for a SRP shakeout reversal pattern. Now that the liquidity is tapped below the low, TLRY may be ready for a pop or...
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Its important to see how the news corral the non-technical herd. A news article today talks plenty of fear, telling of an index "tumble" and that "Fed Chairman Jerome Powell said the central bank was "prepared to do more."" But they did neglect to include last week's sudden bounce that dwarfs yesterday's move! - in the circled area. And why not - they are...
As I said in the previous video BTC has been doing plenty of Loop The Loop and here it is again wiping the slate clean potentially before the next move up. Finding support nicely on the 50 day moving average. This is a very key area here as we looked at before, this resistance point is the low of 2021 Distribution. If it can consolidate this area then it...
SKLZ fell through last support during summer. Since then it had an upside fakout through resistance and a re-test which was rejected and now looks like price is beginning another leg down. Also D RSI confirms this rejection with price unable to break into the upper quadrant. Unless there is a recovery in the $10 area this should fall all the way down to $6.66....
Here's this month's video for TradingView - enjoy! If you like the content do hit the "BOOST" button and leave a comment if you like 👍🏻. Not advice.
I'm not much of an Elliott Wave fanboy these days but it is interesting that having broken out BTC .D appears to be in a fairly classic Elliott Wave even with alternation - deep wave 2 and flat wave 4 albeit with a rogue 3 wave pattern within the third wave. A 1:1 target taken from pivots 2,3,4 would see BTC .D wave 5 extend up to around 48%, maybe slightly...
Video looking at wave and oscillator analysis as well as some Wyckoff. Time is running out!
Many AI breakouts today - FET GRT AGIX SDAO, but here's one sitting back and in a GREAT position. VXV rank #567 is an ultra volatile low rank coin. That volatility means it is high risk. However it has a very tidy chart and has pulled back and found support on the all important 200 day moving average. That support area is also the 0.618 Golden Pocket. So...
AGLD now ranked #481 (it was quite a bit higher a few hours ago) has broken out today and was up 65% for the day just a few minutes ago! There are quite a few coins like this showing solid basing accumulative structures ready to pop and this one I gave to my clients just 3 days ago and now i'm giving it to you guys. I think this is going to go on an enormous...
AI is one of our top picks and going on a wild post earnings rally today up 27% so far today. Notice how the contraction pattern only wicks through the 0.382 retracement - that is very bullish. This is a dynamite stock I think - it had an enormous 201% rally from the lows and a big clue this will be a MAJOR hype stock for the next bull market. Will be looking...
BTC descending channel getting very shallow here - looks like an accumulation. Could be a pop coming soon 🧐. Not advice
MASK has had an enormous Musk influenced pump (as well as DOGE). It broke out of a descending channel into an insane gigantic pump. At the top this hit a whopping 516% from the low and although every market cycle is different, that easily outpaces THETA at any moment that went on to do a 43815% rally in just one year. Now MASK appears to be pulling back but...