derzzycharts

derzzycharts

USDGBP has been bullish since February. Until further evidence, I predict this trend will continue. If the RSI support holds, this would be the place to add to longs. A minor break in the trend line is acceptable, but if the support zone doesn't hold, this long is invalidated. If invalidated, it may be time to start looking at shorting the US dollar.

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A basket of commodities continuing its downtrend. If we break to new lows, expect further decline.

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Gold has been in a downtrend since April. Currently seeing further breakdown and bearish continuation. I predict that we see new lows in the price of gold.

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Around the 28 cents mark, we have a great chance to enter a short. If we see failure at the resistance zone on price that is confirmed by the RSI as well, I predict we will revisit the lows. After the lows are are revisited, a new plan will have to be made. Idea is invalidated if price makes a new high above 28 cents. Riding the price up until that point....

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A great setup for AVAX here. If we enter into the resistance zone and we have a failure at both the RSI level and the price level, we can enter a short with controlled risk reward. This is a decently strong resistance zone going back to May. Easily invalidated if we see it break through this level and continue to move forward. In which case a new plan will have...

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Historically bad year in bonds as rates are increasing. Rates are still increasing so bonds will continue to be under pressure. Here we have a mean reversion to the bearish trend. I predict a bearish trend continuation back to the lows.

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Betting on a continuation of dollar strength, we should see oil sell off as well. Resistance going all the way back to Feb 2022 will be difficult to break through. I predict to see oil fail around the resistance zone and head to the target displayed on the chart. Invalidated if we break through the resistance zone.

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The study of volatility is one of the most important factors of market analysis. I predict we will see more volatility breakdown for a short period of time until we fall to the RSI support zone. This support zone goes all the way back to March 2022. After this we will retest the highs of around 34. A new analysis will be completed if this target is hit.

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Here we have Nasdaq coming off a beautiful bullish divergence. Dollar weakness and bond strength have been a great correlation for this trade. But the main trend is still down. We have the dollar in an uptrend, bonds in a downtrend. So if we get to short Nasdaq in the blue zone, we have clear targets for more downside.

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While we have seen the bullish divergence for SPY as well as the higher low, we remain in a larger downtrend. For this downtrend to be invalidated, we have a great setup. Shorts can be taken around the 4130 mark with little risk. If it fails at this point, gravity takes hold and we either revisit the lows at 3495 or we head to 3400ish which was the pre cupcake...

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Here we have one of the best performing assets this year coming into an RSI support zone and a trend line stretching all the way back to February. The last time we came close to this line was mid August, which was a setup for bullish trend continuation. While there is some evidence of a reversal, such as lower highs and lower lows, it would be premature to call...

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Here we have a short for Eth. The risk reward here is great if we get to the 1780 level. This is where the past high is with resistance going all the way back to May 2021. These type of setups are great because you do not have to risk much since the idea is invalidated quickly. If we make a new high, then this idea does not work. The main rationale for this...

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Here we have the continuation of the bear market situation. This was the situation that I thought would be most likely. If bonds continue to fail and the dollar continues to climb, this is the most likely scenario. Looking for a rise in the RSI to about 70 and a failure around the 22700 level. The dollar remains in a bull market and bonds remain in a bear market.

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In hindsight, this may have been one of the easier trades this year. This fit my trade entering criteria perfectly, but I was discouraged from closing longs too early. I also have been quite bearish from taking in too much media. The setup goes: 1. bullish divergence 2. higher low It was even more impressive when you count all the basing that has happened and...

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Lots of the stuff is outlined on the chart, but what we need to see is a hold or a break on the RSI for USDT.D. What we see happen is some basing which makes me think that there is more downside risk in the crypto market. If we do break down though, we will see some pressure relieved for a counter trend trade. These can be a lot of fun. Typically I am looking...

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When looking at the BTC/VXN chart, we tend to see a bullish divergence near the market reversal. We will wait for a higher low to confirm this, but typically this has been a good sign to buy the dip.

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Everyone loves (trying) to call tops. "Rich Dad" is one of those that is calling for this deflation in October. Fear mongering is easier than a process. With the CRB index reaching cycle highs, how can we have a deflationary period in October? You also have the bond market breaking out in most countries. Now you have the S&P 500 putting in a reversal signal....

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Last cycle, we saw a fake out bearish divergence on the monthly closes. Are we going to see that again? If this holds true, then we are in the last 3-5 months of the bull cycle. We still have the blow off top to worry about. A great target is the 200% extension around the $14000 mark for ETH.