gt3verse

gt3verse Updated 

This chart says it all. Inflation is stagnant. More rate hikes to come. The Fed can only bail out so many banks before they say "no mas." Credit card debt alone will skyrocket from the sheer number of unemployment claims that take place. This would be an inverse relationship from a charting perspective. When the October 2022 lows break, the media will cause a...

gt3verse

The ascending wedge since the March 2023 SIVB bailout is obvious. The price action since the bailout, has been in "Up Only Mode" and looks like a double top is forming for SPX. SIVB is the one bank that supports the Top 8 stocks in the S&P by Market Cap alone as they are all Tech-driven or standalone Tech. If the price action for BTC is any indicator for a...

gt3verse

If we remove the Top 8 companies by market cap (basically all tech), the S&P looks terrible. I would consider this the true state of the economy. Since May 2023, these companies overall are trading well below the 55 EMA and starting, to what looks like, form a bearish pennant down the .50 Fib support. I have a feeling that by early October, we start to see...

gt3verse

Hey TV Fam - My chart shows a rising wedge coming up to the .786 Fib resistance from ATH. Bullish news: more than 2 weekly closes over the .618 Fib resistance from ATH. Possible bearish news: more rate hikes could cause correction, but it is not until the Fed pivots that we see a reversal in markets. With liquidity coming in from the SIVB bailout in March, it...

gt3verse

Hey TV fam --- I know I provide the same update regarding BTC and SPX; I want to explore something a bit deeper. If you are reading this, you know BTC follows SPX nearly 1:1 in movement. You can refer back to my previous descriptions as to why, but the short-winded answer is that we all know there are multiple BTC derivatives on the open market, thus BTC will...

gt3verse

A 55% pump in 33 days in not sustainable, in any market. BTC has a bit of room to climb to 33K-35K based on the Golden Pocket (.618 to .65 Fib Resistance area) from the major drop. It will NEVER decouple from SPX. Wall Street made sure of it in 2019. I cannot stress this enough. There are volume candles galore to be consumed on the way down. Based on major...

gt3verse

Update for you guys: I am not super active on TradingView, but I do enjoy reading and learning from it. I think like you, I have studied HUNDREDS of hours of charts, technical indicators, candlestick patterns, and even started exploring what greater win-rates look like using legacy indicators in ChatGPT. I will say that SPX is still not showing signs of a...

gt3verse

SPX direction is still headed down. Net volume down + increasing price = bearish divergence. My call is still 3050 = .618 Fib support from ATH. SIVB and other banks getting bailed out won't change this effect. Just a few weeks ago, banks were "fine" and the direction was still down. Massive bearish pennant broke, noted by green arrow. Short term price action...

gt3verse

$VELO is getting a second wind. There will be one last leg up if you want to dabble (to the .0198 to .0200 cent mark). The return since Friday's breakout will be a solid 5X play for me, having lasted the 3-day weekend and into tonight. This is the only play I have executed in the last 12+ months. Patience will always prevail.

gt3verse

Hey TV Fam - Twitter perma-bulls are about to go silent (once again). Looks like they will be at McDonald's drive-thru until at least June/July 2023. Bearish divergence was noticed for weeks. Check my chart for details. I do not get crazy with TA - I just post what I see. If SPX breaks 3300...it will not be good. BTC also still has a date with $12k. Only a...

gt3verse

What's up TV Fam: BTC's move over the last 7-10 days has been quite interesting to say the least. Everyone this week was shocked to see BTC climb over $22k, hold, and even tickle the balls of $23k. As you can see, a massive descending wedge is forming and with the recent move from last night, I re-drew the top line of resistance so the wedge is even larger than...

gt3verse

BTC holding the .786 If this breaks, down she goes to next major support at $12K. Note: Never in BTC's history has BTC maintained price below the 200SMA as it has the last few months, which means $12K is 100% plausible. It also means SPX and subsequently, more Down-Only Mode for META / TSLA / AMZN. If you are trading right now, good luck. The November...

gt3verse

As long as SPX keeps bleeding, BTC should follow. So many BTC derivatives now in Equities Markets. On the higher timeframes, we really don't have a ton of support down to $12-13k, however we will hit bumps along the way. My hypothesis at this point, leads to a drop to mid $15k range then dangles a carrot before another insidious drop. I don't have Bookmap, but...

gt3verse

The last time SPY touched the 200SMA, it was rejected. Will history repeat itself and dump the price, or was Jerome Powell's "Recession" disclaimer at the last FOMC meeting the confirmation of "risk on" (again), and we blast through the 200SMA for a new ATH in 2023? Personally, nothing screams "bullish" anywhere. Getting in now reminds me of getting into BTC...

gt3verse

Five failed attempts. It's not hard to see. Anyone leveraged right now is about to get liquidated, and major limit-sell orders about be triggered from post-March 2020 bottom. Previous post was from my phone - image was cropped. Apologies there. Stay safe fam.

gt3verse

Five failed attempts. It's not hard to see. Anyone leveraged right now is about to get liquidated and major limit-sell orders about be triggered. Stay safe fam.

gt3verse

BTC Shorts made a rapid higher 3rd low as you can see. It's primed up and ready for the moon. When resistance is broken, it basically goes to price discovery. Stay safe.

gt3verse

If rising wedge plays out, we still dump. If that happens, mid-term Elections are upon us this November—we could see the start of the new bull market end of Summer. Stay safe fam.