powerintegral

powerintegral

Shorts positions (balck line) are getting extreme on Bitcoin at levels at which rallies have started previously. At least a short term bottom has been made probably. Bitcoin price (red line) should rise in the coming days.

powerintegral

My "in-house" composite of blockchain stocks trading on TSXV has reached an important corrective target, a highly bullish setup has started.

powerintegral

The correction of crypto currencies has ended I believe tonight, right on time for the EU crisis. Bitcoin could almost double in a short time from here with a standard target in the 12 000 area. Eventually I wouldn't surprised to see BItcoin reaching above 30 000 for this dynamic bullish wave 3.

powerintegral

Huge Head & Shoulders pattern on EURUSD - target $0.81

powerintegral

Double top with bearish divergence on RSI . The defense sector is weakening rapidly ( LMT -1.96% , NOC -2.02% , RTN -2.65% ). Boeing -1.92% should follow lower soon.

powerintegral

Double top with bearish divergence on RSI. The defense sector is weakening rapidly (LMT, NOC, RTN). Boeing should follow lower soon.

powerintegral

The TSX composite seems to be completing a wave B and ready to initiate a down wave C.

powerintegral

The US stock market is really choppy but is starting to look more and more like triangles. That would be a running triangle on the QQQ , shown here, and a falling triangle on the DOW Indu. We will have to wait to see which way the triangles break out before being certain of the Elliott waves count. But for now, considering the high numbers of 3 waves patterns...

powerintegral

Bitcoin seems close to start a hugely bullish wave iii of (3) of 3... A new crypto frenzy is on the verge of breaking out, only a break below $6600 would invalidate this view.

powerintegral

Is a market crash coming ? Rarely, in the last 30 years, have we had a US market price action (SP500) that similar to the days preceding the 1987 crash. There is no certainty that history will repeat but it might useful to consider that it is at least a similar technical setup. Time to be cautious on the long side, as long we don't make new highs.

powerintegral

TSX:NVO seems to have completed it's wave (2) of 3 correction, has started its wave (3) of 3, the most impulsive and powerful wave. The break above the $6.4o area would invalidate the most basic bearish count and a break above $6.80 would give credit to the bullish scenario. This idea is valid as long as the key support of $3.80/$4.00 area holds.

powerintegral

Wave II should be near completion, looking for a huge upside with the wave III of (3)...as long as $6.50.

powerintegral

Bitcoin (BTC) has appreciated more than 120% in the last few weeks while reaching a market cap above $100 billions. It seems to have completed a five waves from its bottom of a few years ago and from its recent low of $3000. It has also reached the top of its rising wedge while showing divergence on momentum indicators. I believe that as long as it stays below...

powerintegral

Bitcoin seems toppish, sentiment is extreme, medias are all over it, price is parabolic. It looks like at least short term top and that this market is due for a pullback to the $1500-$2000 area over the next 6 months to a year. I would use tight stop if long.

powerintegral

C=A + 1 = 5 + top of channels = TOP ?

powerintegral

Amazon is completing a toppish ascending wedge on declining volume and momentum. The stock has completed a 5 impulsive Elliot waves count and reached some important long term Fibonacci targets. Minimum downside potential to the 23.6% retracement near the trendline linking the lows since 2014, around $600. A break below $755 would increase our confidence for more...

powerintegral

The whole Defense industry is extremely overbought in all time frames, even in monthly. Stocks are reaching important long term Fibo projections. NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise. % waves completed, has reached the top of its risisng channel. Excellent risk/reward on the short side, target near...

powerintegral

The whole Defense industry is extremely overbought in all time frames, even in monthly. Stocks are reaching important long term Fibo projections. NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise. Excellent risk/reward on the short side, target near $167, even $135 possibly.