otis_bagshots

otis_bagshots

This is my attempt at applying Wyckoff's methodology to the BTC/USD price chart. Wyckoff posits that, although price movement may appear random, it actually follows a repeating cycle that can be divided into four distinct phases: accumulation, mark-up, distribution, and decline. Based on historical data, it appears as though BTC is in the early-to-mid mark-up...

otis_bagshots

The US Dollar Currency Index (DXY) is trading near the bottom of a falling wedge. A breakout to the upside is probable given that: - Bottom of wedge coincides with a major price structure (horizontal support / resistance). - Bullish divergence on MACD and RSI. If a breakout does occur, expect a downturn in the stock market (DXY is inversely proportional to the SPX).

otis_bagshots

This is just speculation. Trading near support within pennant. RSI hidden divergence.

otis_bagshots Updated 

A volatility breakout could drive the price above the $20k ceiling of resistance. MACD is also about to cross the signal line.

otis_bagshots

Link is trading near a support zone in a falling wedge nested within a ascending parallel channel. This zone corresponds with support from the volume profile and the 0.382 fib retracement level. It is also exhibiting RSI divergence and is oversold on the Stochastic RSI. If it finds support, we can expect it to maintain its uptrend within the parallel channel.

otis_bagshots

This is just speculation.

otis_bagshots

Given that the DXY is moving inversely to the SPX, I anticipate the market to pullback if the US dollar strengthens.

otis_bagshots

This is just speculation.

otis_bagshots

The SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November. Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h. Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.

otis_bagshots

BTC is forming a bullish pennant nested in a parallel channel on the log chart. Next price target is ~$21k.

otis_bagshots

Square might be due for a pullback to ~$170 (0.236 Fibbonacci level & channel support line). - An extended bearish RSI divergence forming on day chart. - Trading near top line of resistance and above upper Bollinger band (2 standard deviations from 20 moving average).

otis_bagshots

This is just speculation.

otis_bagshots

This is just speculation.

otis_bagshots

CCL just resolved downwards from a pennant.

otis_bagshots

XIU has formed a head & shoulders pattern over the month of October. Today it broke below the neckline, signalling bearish price action. It is also trading below its 50, 100, and 200 emas on the 1h chart and the MACD is below the signal line. Next test of support is the high volume node centered around 24.4 (-0.81% downside).

otis_bagshots

- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August. - The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning. - A bullish MACD crossover...

otis_bagshots

BABA is consolidating in a falling wedge within a larger uptrend. It will experience upside price volatility if it can resolve upwards. There also appears to be bullish accumulation / distribution divergence forming over the past week. This cummulative indiactor indicates how supply and demand factors are influencing price. In this particular case there may be...

otis_bagshots

PYPL appears to have resolved downwards out of a falling wedge. This suggests it has more room to fall before finding a bottom. Next level of potential support is the 100 sma.