Having had what appears to be a start of trend breakout pump, PALLADIUM has had a violent sell off back down to dip slightly below the 0.618 into the retracement Golden Window. This is a classic Elliott Wave 2 ratio here and good chance it will bounce from this area. Reasonable chance this will end up being the retracement bottom. Notice that the RSI is curling...
SPX may have printed an exhaustion gap today at the upper end of the phi related fakeout reversal area mentioned previous - up to 0.75 now. Any further and it will likely continue on to challenge the highs and so I have added a short at the close here as it wont take long to see if its a reversal. As described before I think this can be a 1:1 WXY to see SPX head...
TOKE (Rank #953) can be a great coin if you are looking for low rank high volatility action. Be aware it comes with risk but it may have a wild pump and bull market. It has had a decent but not earth shattering pump (309%) which is perfect for making an entry because we can see that an uptrend is likely to be underway but yet may be able to buy at the...
A 3 wave correction has completed and THETA has pumped out of the trading range and now pulling back in the very tidy descending channel. And so the next impulsive wave up appears to be underway. This pull back will very likely re-test Support @ $1.19 and so I have limit buy orders scattered in that area. For those of you that like Elliott Wave; the impulse out...
It would appear that the next wave up is underway. To remind, ALGO printed a shooting star and that would very often signal a top / significant correction. But crypto is really warming up now and ALGO appears to be into the next wave up already. It wasn't entirely clear because we have multiple tiered 3 wave corrections. And ALGO has not even hit the 0.382...
We didn't miss this pump and were in before. But if you did then this is the perfect time to buy as AMC is in the 1:1 Golden Window which is a very likely reversal ratio. Big bounce coming! Not advice.
Is a coin that was listed on Coinbase not long ago and has recently awoken with a big pump after a deep bear market. It is crossing a Demand Line here and if/when BTC corrects next this may have a tasty pull back 🤨. Not shorting Not advice.
BTC has printed another dome and they tend to be bearish and now timed with negative Binance news coming in we see a bearish impulsive candle threatening to break the ascending trend. The more these slumps occur, the more chance this ascending trend will break down. And so with many twists and turns this is looking much more likely now to do what Bitcoin so...
EPIK had an epic day today up 40% and now has fully broken out from the bullish descending wedge spanning most of the year. Although with this pump it has climbed the ranks considerably, it still is a sub 1000 altcoin and this is very exciting because the volatility and low market cap can lead to enormous upside if this is its moment to blossom which it appears...
Now that Bitcoin has held and pushed up a little from the re-accumulation we looked at in my previous thread, I am now considering this bullish option. Its a very ugly and highly exotic move if it happens but it could be that the shakeout dumps we saw as bearish were actually a 3 wave running flat correction into the next wave up. And the ascending channel that...
TOTAL3 is really starting to look very rosy and although there was a fast pull back, the area was quickly recovered as expressed by the Dragonfly Doji (red arrow). If this next weekly candle closes with little downside then we may see some more pump action soon enough. Might re-test the trendline - we'll see. I have plenty of coins in deep positions that I am...
If you're looking for a casino play with very high risk then this one may be for you. CGC did probe below the 0.786 but not by too much and is back inside the Golden Window. Considering that the previous pump was 403%, if there is another wave up with will likely be enormous and perhaps even the start of a major uptrend. Its very dangerous though and may just...
Some alts are now collapsing with bearish momentum candles and it was now a profitable decision to partially sell. As we looked at before with the Resistance and Demand Line both providing liquidity pockets, this was an ideal setup for price movers to push up into the double pocket, trigger lots of stop losses and limit buys, then move back down. And that is...
Yesterday's candle just closed is a bit of a clue that BTC may be printing a bearish liquidity shakeout up through the Demand line. RSI printing some bearish divergence and has slumped down. It is another warning signal. Still early days here but I am taking some profit on plenty of altcoins. I am bullish in higher time frame until BTC hits $174K but I think we...
Indexes, in particular the Nasdaq are looking very strong and continuing to hold after the enormous pump. Notice how we can consider both the pump and bearish wedge together. The bearish wedge was very choppy with very shallow lower lows. And that could have Pattern Separated into an upside shakeout followed by a dump, but this big pump really shows that the...
The 1:1 extension Golden Window target caught the low and that was another simple trade setup having topped out without complexity at the 0.618 bounce retracement. Notice that the two significant trendlines are the Shakeout and Extremity Demand Trendlines, similar in a very different context to what we looked at with Bitcoin in yesterday's video. The top was a...
Broke out but it has become a wild Loop-the-Loop shakeout with long wicks in both directions. This can simply be a wipe-out to remove traders with stop losses / liquidation points and may not be significant to the overall trend. An so this appears to be ok though not really desirable as long as it doesn't start falling below support. If it does I will probably...
ALGO looks like a tight accumulation here and it may have a big pop to join that party with other ISO20022 coins XLM XRP XDC. Liquidity SRP Shakeout Reversal Pattern at ATL All Time Low complete and now it would appear it is ready to move on up. ALGO is a big deal ISO20022 coin and this is probably the exact bottom of a major bull market. I mostly give...