dRends35

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Well BTC dramatically broke down to 25K but since then has done the same as end of November and formed a large lower wicked candle and BTC has bounced back to 30K area. And have you noticed so many on TV now think the bottom is in? Sure the early bird gets the worm but little birdy might also get crushed by a train. Anyhow, this whole area since December 2020 I...

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One year ago in May 2021 when THETA was way up at $12, while BTC was topping and almost everyone thought crypto was in a bullish "supercycle" I projected that THETA would instead crash 90%+ down to $1. And I'm sure you can imagine how well appreciated that was from the bulls that were in great numbers back then and [passionately looking to the stars for much...

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Haven't done an alt chart for a while as BTC has been in a long correction, but now it is collapsing its time to look at some alts. These are just charts. I'm not here to tell you which crypto is going to save the whales or not. XRP - one of the older coins has certainly been an underperformer and didn't see an ATH this cycle. Its go caught up in a long and...

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Hard to tell but SPX could be getting ready to bounce and there are quite a few stocks already having a hard bounce which could be a leading indicator. SPX has just passed the log 1:1 Fibonacci extension. This is an area for potential reversal and there will be plenty of short covering, but it doesn't prove the trend will actually reverse here. But to add...

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Not a chart you see often but just goes to show how mathematical the markets are. SPX/TLT printed a shooting star through log 1.618 which will probably now print an evening star. TLT going up SPX going down? This will get back to 19 at least I think. Not advice.

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This is one of Jojo's setups that arrived somewhat late to, but if you follow his work "late" can be no bad thing as the trend develops continuation patterns may have a better probability of success. So I'm using his pure PA technique but also some candle and fibonacci technique. I've entered a trade within what appears to be another continuation pattern and a...

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SPX just printed this star on the 15min chart with a very fast wick piercing through resistance points in seconds to complete a shakeout reversal. Also wick of star shooting through 200MA. There is also a longer term resistance point here drawn on the chart that is being challenged as I write. If it continues down from here then it will form higher time frame...

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I first called this back in September that TLT would hit $113 (then $114) and now in May my target is hit. This was another call where I received comments that the chart doesn't matter because XYZ but really the chart does matter as this was just a 1:1 zig zag correction. So what next? Well... I dont know currently because a fibonacci projection is just a...

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ETH very similar fractal downside to BTC since the top with 3 wave retracement topping exactly at 0.618 has just fallen out the ascending channel. And this should now see another leg down to the 1:1 :1538 where similar to BTC long term 2018 support is waiting just below. Also clear H&S. ETH has become a very strange and exotic chart unique to crypto. Its very...

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Its been a while since my last BTC thread as nothing much has been happening so I've been in crypto hibernation. But after a couple of month there's been some movement with this weekly candle about to print. BTC has fallen out of the ascending channel which was a clear 3 wave upward move that topped exactly at 0.5 retracement. Now since C the dominant trend is...

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Bearish 20/50 cross on the weekly candle just passed. In previous crash / corrections it was all but done by the time this cross passed. But is this crash / correction the same as previous? Well no I dont think it is... But its important to not get too bogged down in bias. I think what started as a potential short covering rally has suddenly and sneakily become...

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SPX back in the ascending channel here. This channel is now very well respected and there are many touches. Price fell out to the downside and there has since been what I think is a fast short covering automatic rally to bring price back into the channel. Ascending channels are bearish and that has been the case already in this downtrend so I expect a collapse...

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MRO is going to have a big tumble after this very steep and unstable upthrust from deep lows. Has been well overbought on the monthly RSI for some time now. Also piercing through the 50 month MA will most likely prove to be a shakeout reversal and wick through on a higher time frame candle. USOIL is deep in a contracting fractal following a blow off top and...

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Not getting time to post these live but here's another trade in process using Jojo's entry method again. This is a clear ABC with ascending channel B wave. Entered the trade on the breakout with stop above today's wick. I could have put the stop above the intermediate B but I wanted a better RR ratio and felt that a move back above my stop would actually...

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Thought I'd share this one with multiple time frame to show my bias. GBPUSD appears to be rejecting from the mid range 1:1 area (grey) and so this provides an intriguing short because if downside continues it may be very impulsive. Previous 30 min candle close printed a bearish momentum candle revealing that the upward trend is breaking down and this should be...

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Just a quickie not much to say here as I'm already covering SPX a lot. With monthly close it has been an enormous bearish engulfing candle showing momentum increasing to the downside. RSI with bearish divergence from July reveals this top is unlike any since the 2008 crash and I expect RSI to hit the lower band as it did then. MACD also has crossed and there is...

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IRM printing a very bearish monthly candle having held up above the expanding channel for most of the month but then collapsing through earnings just as I said it would in the previous thread. Not considering short term shakeouts, IRM had previously seen bullish price action to follow in through the last 4 earnings but here the dominant trend had reversed to the...

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Monthly candle closed so here is an update. COP having tagged the upper trendline of this long expanding pattern with an upper wicked candle has now slumped back to print a double wicked candle with bearish body through the 1.618 projection taken from the previous 3 pivots which will most likely prove to be a shakeout reversal top to collapse back down. RSI is...