Check out my new blog post: www.derzzycharts.com The SPX has more holes than the Swissy! We’re talking big swiss cheese holes. They are up, they are down, they are all around! So how can we see this playing out? Well we can look the momentum that is currently taking place and assume the upper gaps will be filled first. Its a stones throw away at roughly 3%...
Please check out my full blog post at: www.derzzycharts.com Action! We have been watching the cloud turn bearish which is a leading indicator of more bearish activity. Now we have seen BTC break through the support of the cloud, which is a sign that the downward trend will continue. This means two things: BTC now has more strong resistance above it. The top of...
Check out my full post at: www.derzzycharts.com Everyone makes mistakes, and I just made one with LINK. Sometimes you step away from your process on a feeling and then you quickly remember why you have a process. Candlestick patterns are not my strong suit. I really don’t utilize them that much and they are an area that I could definitely study more. I don’t...
So lets say we do break this multi year trend line (black). What if we break it and complete a double RSI bearish Divergence (blue)? A double bearish divergence is usually a situation where you would be taking some of the long position off. The target is anywhere along the blue line to exit my long position. This would put in a macro higher high on the weekly....
I like to look at what is going on from an intermarket perspective. So what is important here? 1. Bullish - Even if the higher high is set, we still need to put in a higher low. So we can expect a retracement if we break to new highs. This would be healthy market activity. 2. Neutral - Even if a lower high is set, we would see the start of a new bull market take...
This chart is a relative strength chart of BTC/SPX beginning at the inception of BTC. There are some very interesting relationships here and multi year trend lines that have mapped out what I am calling the last 3 bull markets. 1. The value zone is denoted by the purple rectangle. Whenever the price for bitcoin is in this region, it is an accumulation phase...
Silv is showing alot of resistance on the 200 EMA for the weekly. The MACD-H is showing bullish and as far as i can tell there is no other resistance other than just under the $22 USD range. The psychological barrier at $20 USD will be one to watch as it represents a big even. once we pass the 200 EMA long to the big even of $20. The 50 EMA has just crossed the...
The Fibs were drawn from the monthly chart. If you were paying attention back then the RSI on the monthly was giving clear sell signs in Dec 2011. From there the point to enter was Nov 2015 which marked the bounce off of the 61.8% Golden retracement. We have since broke through the resistance turned support at the 38.2% retracement. I believe we will return to...
This is a top down analysis of the current BTC pattern. When graphing the fib retracements on the monthly with a bar chart, you can see why we had resistance at the 13900 level. Using the daily, you could swing trade the channel. 8830 would be my 50% retracement which the OBV and the MACD-H are indicating that we are heading to on the daily. The weekly for these...
It looks as though the 50% retracement may be turning into a support for the possible top in btc.d. The weekly RSI is starting to show that btc is ready to start giving up some market share but the MACD-H has not done so yet. The dailys however are already shwing a drop in btc.d. The ethbtc pair is still bearish so wait for a turn in this pair to signal a switch.
The Russel has yet to hit new highs while the market keeps climbing. This is usually a bearish sign but has seen 2 fake-outs in the 10 year trend line where the RUT is simply under-performing the S&P. Once the multiyear trend line is breached there is a heightened risk of recession. The XLK is moving the market just like what we seen in the dotcom era. What we...
RSI and MACD-H showing to long the TZA. Long to just below 50.
OBV looks to be picking back up and section 232 was shown to not be of interest to national security so canadian uranium is all good to buy. This also means that international uranium may be a good option to look at. Companies like blue sky and goviex will need analysis. The support is show at .255 and the resistance is at .4. Buying opportunities would be...
btc is on the 5th Elliot wave showing that it is near the end of a cycle of market dominance.
eth coming off the bottom support and now in range territory. no indicator stating that it is time to enter eth.