I'm going to keep this brief. I believe we will see a pop at market open on Tuesday to ~$395-$396 Before a sharp selloff that takes us to retest the point of control (visible on the chart). The market is overextended on so many time frames and as much as I don't want to fight the trend I can't help but feel like this rally is one giant trap.
No position but decided to chart DXY after some speculation in the chart. There may be more downside but the selling nearing completion (if it hasn't already). This week will be very telling. I believe volatility will be returning to the markets as people try to assess the long term effect of the current monetary policy when the catalyst for the changes is mitigated.
AMEX:SPY The market is already rampant with speculation but here's my two cents. I know the danger that exists and trying to call the top but at this point, it almost seems inevitable that the time is near for the S&P 500 to retrace. Many of what I would call legitimate bearish signals have been rejected repeatedly leading to higher price levels. This, though...
quickPost: AMEX:SPY Just wanted to post some quick speculation on SPY. Watching the spy that was interesting because just when you think you know exactly what is going to do it tends to do something else. At the moment SPY is on the rebound from a particularly harsh selloff- But at this point, it's recovered almost all of its losses and is crushing through...
NASDAQ:NVAX After an impressive rally, NVAX is lingering in overbought territory which means it's probably time for a correction. Price is approaching Fibonacci levels that typically indicate a reversal or correction. Additionally, there appears to be bearish divergence and my experimental indicator based on TD sequential is signaling that the rally may be is...
Despite the recent movement's we have seen, it is hard to say that Bitcoin BITFINEX:BTCUSD has done anything surprising. The market is still in consolidation and the movement that have captured the attention of crypto traders are minuscule compared to Bitcoins previous volatility. This is interesting to note as the price ranges only approximately 5% - 10% above...
First, I should note that this is my first idea after a long hiatus. It was very necessary and somewhat overdue but it's good to be back. Nothing like it. Panicked/Fat-fingering Mt. Gox trustees, Binance "Hack", and news of a Coinbase Index Fund to welcome me back into the crazy world that is Crypto. COINBASE:BTCUSD is doin' thangs. Bears seem to be in control...
COINBASE:BTCUSD / BITMEX:XBT Has been in a complex combination correction for sometime and appears to be preparing for the final leg which will make sense as CME Futures are expiring today. We can see a triangle forming an on the hourly and price is approaching the point where it will either have to breakout or breakdown. This pattern is a typically bearish one...
Yup, it's another NXT idea... With the whole market in a somewhat complex correction, NXT is not an exception (Now, I understand why the argument that NXT is a dead coin has been made but I disagree: The project has been around since before the crypto craze that began last year and NXT will still play a role in its growth as it has with ARDR and IGNIS). Now...
POLONIEX:STORJBTC is seeing some great volume for a potential rally continuation. It is surrently bouncing off the 100MA on the 2HR and .5 Fib Support as well. Combined with a TD9 Bullish Reversal Signal, it looks like STORJ is a buy at Sub .00015000 level. Holding off on calling target till market conditions are clearer but feel free to message me with any...
POLONIEX:NXTBTC is turning into my new QTUM. Waiting for it to recover is like watching paint dry but it'll be worth it in the end. TD Bullish Reversal signal on the daily + Elliot Wave completion and coupled with a BTC dip could be the perfect storm needed to wake NXT up. This is a trade that will require some patience relative to the rest of the market but...
BITTREX:SCBTC primed to retest resistance after what appears to be yet another possible ABC correction after the December rally. It is also currently bouncing off support on the 200MA on the 2HR after forming a somewhat rough cup and handle (can you see it?). This is an easy breakout trade once price is able to crack through resistance.
BITTREX:EBSTBTC has taken a second attempt at breaking resistance without succeeding but this could be a good thing. EBST appears to be a strong buys as it has broken out the ascending triangle that it formed during the last days in December. Through the breakout was stopped at resistance, this provides a good opportunity for early entry in the pullback/early...
This is a quick update to my COINBASE:LTCUSD idea from earier. LTC is definitely one to watch as BTC rallies. Why? BTC rallies generate interest from the genreal population who in turn rush to Coinbase to buy BTC/Crypto in general. Upon seeing the prices of the current listings on Coinbase (not to mention the premiums...) LTC may look like the most attractive...
I usually try to stay away from calling BTC targets because BTC does whatever the hell it wants but things are looking too interesting at the moment to not through in my two satoshis... As a primarily alt-coin trader, I have enjoyed the ALT rally that comes with when BTC falls into a sideways channel. On the chart, the channel is quite clear and it is also...
POLONIEX:BCHUSDT appears to be following BTC in the current rally despite a previously inversely correlated relationship. BCH has broken through the one major resistance point on the down trend and is heading for another one, experienced some pullback, and has broken through the (minor) resistance on the pullback and bounced on the 200MA on the 4HR. These are all...
COINBASE:LTCUSD appears to be breaking out of the downtrend after squeezing through resistance. This coincides with the completion of a ABC correction in a this Elliot Wave cycle. What's left now it for LTC to maintain the current uptrend cannel which would signal the beginning of another, larger Elliot Impulse Wave. If this is simple the correction of the first...
BITTREX:NXTBTC has found support is preparing for another breakout. After the initial breakout/reversal was made after the post-IGNIS airdrop dump and stopped by the 100MA on the Hourly, NXT has squeezed its way back to the 100MA forming a wedge/triangle in the process. If you are not currently in next, this is a great early entry for a breakout trade. The whole...