How weird is this?!?!
PS: this is a just a random anomaly that Im watching for sh!ts and giggles - I already know that should not chart a shorts/longs chart, and I know this is not a real EW... its just a directional illustration
This is same fib I warned we would get throw from at 8500 when everyone got excited about that other "downtrend" over in my Discord and Facebook group. Its the same fib we have been fighting all year.
Hitting that fib is again this time is another 'fake break' of a sloping trend that 90% of people are watching.
The trend is nothing. That fib controls the...
Sup, premeditated warning...
I remain very neutral in the market right now.
I have recently posted my inverted head and shoulders which shows continued downward movement, but I wanted to share a potential positive sentiment as well.
I am a firm believer of charting a few ideas so you are always prepared for whichever way the market decides to take you.
Analysis wise - we are sitting right on the fence between upward and downward motion.
I have slightly re-evaluated my inverted head and shoulders chart that I've posted a lot about recently, with the shoulders in a slightly different place, but the travel of the market from here and head target have remained the same.
Remember I was pretty clear about needing...
Historically we have now seen TWICE how dangerous this level of shorts can be, yet we are already almost back to yesterdays levels and the MACD is only just curling back up and crossing on the 240.
Im thinking that yesterdays conveniently timed squeeze during the Bitmex Maintenance was just a taste and that another huge spike is yet come to show them what a real...
Looks like a text book Bull Hammer on the daily, right off the .382 for the potentially start of Wave 5.
9 hours left to see what the next candle motion is going to do.
If this 5th wave fails to take off, we will head down for a new Lower Low (LL) on the daily, and it confirms we will probably head down for a LL on the weekly.
We need this 5th Wave to come to...
Hey guys welcome to your typical "Could Go Up - Could Go Down" scenario.
You know the drill - this isnt advice. This is education. All about the education.
In the orange we have the bull flags, pointing further drop
One of these bear flags has also formed a rising/ascending wedge - as you seen, we have broken south of that.
In the green you see an inverted head...
Not financial advice, just having a cheeky look at what history has been up to, and seems to be doing again.
We look like we are in Bear Flag #5 which Ive been talking about for while, and we are approaching the 50 EMA (red wiggly line), that we keep getting rejected at.
Coincidently, this is also at the same place the candles keep testing and failing against...