In my last update i mentioned that i expected a lower low next to continue the series of lower highs and alternating LH/LL's. Well that was September 5th!!!. Since then nothing has happened and we consolidated sideways with no new highs or lows, hence no update. This method of trading is reserved and prevents over activity. If you need to be active there are other...
Previously the capitulation that we seemed headed for stopped abruptly, and we created a high low. BTC has now confirmed 5th lower high in series with a high volume dump that cough most people off guard. The longer this trend goes on the less likely it is to continue i believe, although we will not call its end until the market proves the trend invalid. We are...
BTC is sucking the life out of alts to prevent its own fall. ALTs are in freefall, BTC just broke 6000. I expect this trend down to accelerate, and our target of 5k(4.6-5) looks like it might occur within a few days. Our plan to buy this dip at 5k is still on, and we will be waiting for volume and V bottom for confirmation. Please take a look at my previously...
Since the last swing high which ended on 06May18 Ethereum has declined an mind boggling 66%. This is a prime example of why playing reversals in bear markets is the very risky. Since the beginning of the bear market i have advocated risk management and capital preservation and to all those who took the advice it has payed hefty dividends. To be honest i am quite...
BTC has confirmed a lower high. A retrace to the highs now will represent a 22% move to the upside. I do not think its likely. 6800-6900 is a strong support on the daily and a weak support on the weekly. I certainly expect a bounce here before continuation, but i highly doubt it will reverse the trend. RSI in addition has plenty of room to give. For bulls a long...
Since our last update BTC has moved past the diagonal resistance and broken to the upside. While this was a possibilty it was not the highest probability and we dont take low probability trades. This setup is quite nice now technically we we are retesting the previous diagonal resistance for support and following another leg up with a target of 8.8-9k. If BTC does...
Netflix lost 22% from its previous swing high, while not breaking the higher higher higher low daily trend. Price has reversed around the daily(green) and weekly(blue) horizontal supports, and .382 of the latest swing. CM williams VIX bottom finding indicator is giving us a good reversal signal, and daily RSI almost reached oversold before bouncing. These...
Hey guys, quick update to catch up. I havent been posting much lately been busy with the house. Bullish Case: Upon close we will have our EMA average buy signal. The streght involved in previous upmove has not been since december so life is coming back into the market. Bearish Case: There is strong resistance overhead with the 100D SMA, 144D EMA, previous...
We are in the previous support zone which was orignally weak on the weekly. I never thought this zone can hold the bear market back. Its only a matter time until we break it. Currently we are over sold but volume nor wix indicator is showing signs of a proper reversal. The 100D SMA is below the 300SMA which has occurred only once in history and it happened with...
Plain and simple: Amazon is going to have a major correction sooner rather than later. This bubble pattern is not sustainable. Now I am not calling the top now, or telling you to short. Just pointing out similarities to BTC's rise, and previous commodity/stock bubbles have the same characteristics and rising angle degree of supports.