eganon69

eganon69 Pro+

This is a MASSIVE Monthly BULL FLAG (Blue). After breaking down this massive trend channel GDX has recovered and is now breaking back into the huge UPTREND Price channel while MACD is remaining above ZERO. I realize the month is not over yet but when you are struggling to find places to put your money when the stock market is retracing this would be my next...

eganon69 Pro+

This is more of the same. Every chart in crypto looks like Dog Sh*t. Big Downtrend channel with big BEAR Flag forming and now $ETHUSD breaking down out of Bear Flag. This Target Price of this breakdown = $1286.75, but that is probably a bit too optimistc given all the HEAVY Support around $1800. Plan to take large majority of this trade off at ~$1800 and...

eganon69 Pro+

These crypto charts are ALL looking various shades of UGLY. Already traded this one earlier with SHORT from $21.79. Closed that trade and NOW SHORT again. We are breaking down from massive Price channel of the last 2 years (Solid Think Yellow Lines). On the Daily chart we have tested this level many times and the momentum is picking up to the downside as well...

eganon69 Pro+

Again, I have repeatedly posted numerous trades where I became net neutral on BTC as I sold my holdings and then have played the bounce higher from the recent lows. But ALL of this is within an overall STRONG Downtrend. NOW is the time to go SHORT. My low target price keeps getting worse and worse. This target is ~$16k. Other targets I have between $12500 and...

eganon69 Pro+

Chart Says it all. Going today to get my application. I'm NOT Lovin' it. The biggest Giant M I have ever seen. M patterns are SELL signals. This rally was a dead cat bounce people. As I have mentioned before I think $BTCUSD is following AMZN price action during the dot com Bubble in 2000 and I expect a retest of the $28K low with probably bottom between...

eganon69 Pro+

Overall I am a $BTCUSD BULL but we must admit that currently $BTC is faltering and possibly in a Bear market. I think that the money that fled to BTC from Gold will be coming back. In addition the chart of Gold has been forming a GIANT Wedge with the apex rapidly approaching. This is a Bullish consolidation formation. WE have just today closed above the top of...

eganon69 Pro+

Previously I posted a SHORT Bitcoin chart based off 1 hr TF. For the exact same reasoning I used there I have enetered LONG on $ETH, $DOT, $BTC. Tight BB squeeze on 1 hr chart but what looked like CMF (Chaikin Money Flow) showing money coming OUT of these assets. But lately over last day these 1 hr candles now show money flowing IN. I have reversed my...

eganon69 Pro+

Just to be clear I am currently BULLISH on $BTCUSD over the mid to longterm but I see a setup for a short term swing trade and have entered this trade (hours to days). This is based off the BB squeezing to a very tight range and this suggests a coiled spring in price is being compressed and some of the best trades come from this setup. Anyone can clearly see the...

eganon69 Pro+

Recent drop below Trendline support and Major Horizontal support at 4548 as well as Break below EMA 39. EMA 39 acting as Resistance now. as well as down trendline (dotted yellow lines) The run up in Nov-Dec 2021 was a pretty classic Wycoff Distribution as Green candles formed higher highs with smaller and smaller Buying volume. Notice that the Red candles...

eganon69 Pro+

I know everyone will say this is an outlandish call but I am making it anyway. I FULLY Expected $BTC to bounce at the most recent TL support around $38,400-$40k just as everyone else did. But the signs were there and I wish I saw them earlier that $BTC has Topped for 2022 and will likely not see a bottom until 12-18 months from now. I expect the low to be...

eganon69 Pro+

I have been looking at charts all week and what looked like major rotation from Growth stocks and crypto to "Value" stocks and crypto it appears to now not be the case. MAJOR Supports zones were broken in just about EVERY sector in stocks and just about EVERY crypto out there except $ADAUSD and $LINKUSD which are not far off from breaking their support as...

eganon69 Pro+

After reaching a new ATH of ~$3 in ADA in Sept 2021 ADA has been on a steep downtrend. That Downtrend has JUST been broken. I have mentioned in other posts that there seems to be a rotation into "VALUE" crypto and stocks lately. With ADA starting to gear up some defi projects and smart contracts as well as a Decentralized Exchange it seems there is some renewed...

eganon69 Pro+

This trade is part of my evaluation that VALUE trades will do better in 2022. DEFI was hit hard last year and is starting to get some interest from Institutions. Also looks like the Finacial sector in stocks are heating up and the quest for yield should help DEFI have a resurgence in 2022 as Interest Rate Hikes loom on the horizon. This trade is an EARLY BUY...

eganon69 Pro+

I have noticed a rotation in Crypto and stocks that has been occuring over the last several weeks from GROWTH to VALUE. $LINKUSD is one of those Value cryptos with the recent annoucnement of upcoming staking and limiting supply. Seems the Charts suggest a BIG Breakout is coming. GIANT WEDGE Formation shows price consolidating. When we see price consolidation...

eganon69 Pro+

Money has been flowing OUT of BTC and Crypto in general with some smaller "value coins" starting to get CMF turn Positive. But the market usually follows BTC and ETH leads. Both charts look similar and suggest further downside with a retest of support levels before Accumulation zone is done and we start a leg higher. As with everything in TA the charts can...

eganon69 Pro+

$USD Breaking down and made a new low. Chart says it all. Breakdown needs some follow through to be really strong for Crytpo and Commodities. Tomorrow, Inflation neumbers come out and could likely influence this chart. But for now this bodes well for Gold, Silver, Oil, $BTC and crypto in general.

eganon69 Pro+

This trade is a setup with >80% SUCCESS RATE in my experience. I have come up with this setup and I dont think this is described anywhere else. So I am letting everyone see some of my proprietary trade signals. Its an adaptation of Bollinger Band reversion to the means rule. This rule is designed to show where price has runaway and is WAY OVERVALUED and MUST...

eganon69 Pro+

I have been LONG ADA since $0.04 and have added to this trade several times over for rather BIG gains. The THICK Yellow Lines here show MAJOR TL Support and Resistance. Despite having broken below the lower support line price has tested and retested the TL Support without any real breaks lower to confirm a bearish trend (maintaining its slightly BULLISH bias. ...