XRP just completed a smaller impulse wave on the 15 min chart, leaving the prive above the downward slopping resistance (now support) line. This could be the start of the 5th wave of XRP we've been waiting for. Price targets 11400-12000 sats for this round. 16,300 sat target looks like a late Spring early summer target. (Bun in the oven)
XRP looks primed to explode higher for it's 5th wave, only is where the bulls put it. Red target is a nice profit but results in wave invalidation/failure so that won't do. Best to go for that green box. That's where Ripple wants to be. I'm expecting a breakout within the next 24 hours, 48 tops. Look for "resistance" around morning star candle high. My friend...
Possible long term path for the DJI between now and January 2025. Save and check back in 6 years. Red boxes are targets where we'll probably see some dead cat bounces along the way. Orange box represents the 18-month long presidential cycle. Green box indicates where one should "back the truck up" for a stock market reload. (Bottom of the crash... maybe anyways)
You can see where the support (blue trend line) broke down while a new down trending line of support (red line) was created. Previous support line now acts as resistance. Failure to break back above the 2009 trend confirms the longest bull market in history has come to a close. Enter the bears. I also see the left shoulder and head of a possible H&S formation....
Top black line is the major resistance line. If yields break this, the US is majorly fucked and signals an end to "cheap money" at a time with debts and unfunded liabilities at all time highs. Yellow line is the support line of the 37+ year channel going back to the early 1980s. Red line is the more recent resistance line which began in June 2007 at the eve of...
There's been a lot of FUD going on in the market lately. Multiple days of several hundred point drops will do that. Ignore the FUD, and read the tea leaves. Here's what the charts say to me: SP500 remains in the bull wave channel which began nearly 10 years ago in March 2009. As long as the price remains in this channel, the bull market continues. Red line is...
Looking at the 10yr treasury as a gauge for the overall rate environment and the revised GDP data, I'm predicting the US will see rates rise for roughly the next year before coming to a peak around 3.75% on the 10yr before beginning a new wave lower, just in time for the coming recession in the summer of 2019. Expect to see 30 year fixed US Mortgage rates above...
Just my opinion, not financial advice! SP500 index to reach 3350-3400 by end of September 2019. Stock loss news has been dominating the narrative lately but the charts say otherwise. You can see the current ATH bounced perfectly off the previous cycle's 2.618 level. (Thin black fib lines). Longer term fib, measuring from the '94 to the dot com peak, matches...
GE is pretty fucked. Broke the long term trend line this summer. Has been tanking ever since. So long GE, it's been nice knowing you. I might buy some in the $5.76 to $6 range to take advantage of the "double bottom" false rally. Expect to sell the rally at $12-14. SL is the you're fucked box. Stop loss @ $5.60 (assuming you buy at or under $6. Then will...
Following a double bottom, we're seeing a small 5 wave impulse play out in ZEC/BTC over a the past few days. Crypto in general is primed for a Christmas miracle of sorts. Based on Fib lines, current price is likely near top of wave 3. Short term targets (1 week) .02 .0223 (wave 5 target 1) .026 (wave 5 target 2) high water mark if volume supports this...
The following is not investment advice and is only my opinion. Ripple appears to be half way through a current 3rd impulse wave. Wave 5 could see ATH prices reached again, followed by an ABC correction forming a classic "cup and handle" formation, which could play out over 2019 completing the larger scale 5th wave by December2019/January2020 time frame. Both...
Black fib lines are extensions of the original $70 to $1200 run. You can see the 2017 run squared up prefectly with those progressive fib advancement lines. Orange lines represent the run in 2017 to the peak. BTC has a classic wedge formed up and ready to break, likely within 24 hours but could draw out to 72 hours or up to a week. Resistance at $7k and $8k --...
Amazon to reach $2060(ish) price point then retrace down to $1362 (61.8% fib level). Then expect to reach $2772 price point. Buy levels $1300-1500. Sell above $2600-2700.
The 10 year yield is currently hovering around the 3.2 to 3.3% support levels. I expect wave 5 to push past these levels and reach up to 3.75-3.80% in yield by August 2019 (or sooner). At that point I expect a new round of QE from the Fed.
Updated chart DLT gained over 90% on the first wave and if wave 3 is longer, that puts the target price right around the 6200 sats fib resistance level. Looking longer out, I think Dalton could see a cup+handle formation w/ blow off top this summer.
PPT has found support the last few days at the local .78 fib level as measured from this most recent wave. PPT is expected to be an excellent HODL coin for 2018 anyways. At the current price of 21300 Sats, this is a strong buy. Also note the spread on the MACD. Fib target prices are marked with boxes.
ETC is a strong alt coin for 2018 and has been making steady gains since April 12th. This is a good example of previous resistance levels now acting as support (Red line). We also have a formed wedge which could provide the catalyst needed to begin wave 3. Looking at the larger picture, if this pattern plays out we have a cup+handle formation with the breakout...
DLT has been making steady and appreciating gains over the past week and looks primed to pop with an ultimate high at or near the .786 or 1 (previous ATH) levels. Fractal speaking, we can see a *possible* cup+handle forming within a larger cup+handle formation. This could then be followed by an ABC correction forming the handle of a cup and handle before...