This is such a clean structure I am excited to say I have a fair amount of confidence that we will see 56k in some days. After that will be some work to wait out the typical uncertainty associated with W4 corrections. Alts will outperform, SOL seems unstoppable for now.
ETHBTC has had a beautiful first wave off the bottom. I expect huge participation after this pullback. We have come very far very quickly and I intend to increase holdings substantially as we enter a new phase of the bull market. I will post ultimate targets and justification soon. Biggest holdings are ETH, SOL and LINK with some CTSI
Last time we looked for a bottom much higher than at this point. Clearly we were expected to be worn out by this sell off in the broader markets, we could have been trapped at many point on the way down.
As long as the BTCETH chart looks well, we should plan accordingly.
What we see now is a real tangible recovery in the market, and if we want to leverage that we...
Bottoming complete across the board. Expecting to suck more new money in before another shake out. Participation phase before W4 then small W5 to pop up to 56k, slow into mid-march maybe?
I'm just scribbling on a chart so you make up your own mind.
First impulse off the bottom was well underway before the big news.
Now that everyone is piling in it's time to look the other way for a while as we figure what covid will look like this summer.
My guess is that the first dead bounce on equities and tech will be astounding, following...
This company has has been carving out a W4 type correction since 2018. It would be foolish to say that the breakout is imminent. But if PMs were to rally on the back of the FED and geopolitical uncertainties, then this is how I would expect it to play out. Future is bright, shiny if you will.
DXY is showing some mixed signals, the declining trend line shows a hint of a break to the upside, but not quite as impulsive as the market selloff would lead one to expect.
Bollinger Band Width: Relatively tight but not reaching narrow ranges (low dotted yellow on indicator), Once we tip that line we can be sure of an impulsive move, signalling sideways,...
Have taken a step away from charting for a few days. Not because I wasn't interested or concerned, but that I simply had more important things to do than ponder my money.
I am unwavering in my conviction that this year will see new ATH in major indices. I will expect a nice bottoming structure to begin to form here.
We lost the first major volume support and...
I placed this fractal a while back, essentially the last correction from peak to trough, This matches perfectly.
I try not to put too much faith in fractals, but on a day like today, here's some hopium.
Stay strong comrades, not even mother Russia can stop us
Dollar continuation in correction to 94 is dependent on this backtest... My bets are that the correction into the W4 bottom continues, with narratives of inflation running too hot for the FED to fix.
March rates rises will usher in all types of issues and volatility, as the FED are seen to act. Then, they will ease and support so as to buy the hearts of the...
- AWAITING BOTTOM CONFIRMATION -
Nice setup imo for a trade to the top of W3 and a long tail wick rejection to 0.6205. The sell target box (red) lies at the 1.618 retracement of W0-1 and has been brought forward from the last post. Could be a nice 50% pop before late Jan pullback.
Further downside to .382 is possible as there is a strong confluence of support...
For CTSI, there's been a beautiful W1 impulse from the bottom. After some nice action, gravity has come for some payback, and with that break back under the major resistance line confirms a correction.
a sharp pullback to .382 will present a nice ST trade opportunity (fib, VWAP and channel support). A break below the bottom of W1 will invalidate.
Projected expected trajectories of the 50d SMA (blue) and the 200d SMA (purple), and an expected W3 impulse to meet those as resistance to the 1.618 extension of the W1-2 which is now complete imo
There should be some good action this week if this is to play out, the other option, which is less likely is more sideways action. Volatility around the end of January...
For me this looks directionless and undecided. Which leaves some doubt about the momentum coming into the test of this down-sloping trendline resistance (yellow).
But as will be see the priciple components of this ticker (BTC and ETH) both appear to be displaying enough momentum to allow this trendline to be breached
Once that structure is broken we can...
Looking for a W3 beginning now. Should extend to the 1.618 (44545) above the W1 move. This is invalid if we break the W2 bottoming level. Reversal from the .382 looking underway.
Needs volume and follow through for the higher high. Sellers seem to have backed off and the uncertainty will change to FOMO once this first (larger primary) impulse from the bottom...
The answer is that it's probably not bullish enough.
Bullish divergence on the MACD
Bullish divergence on the RSI
Looking suspiciously like the END of a boring W4 correction
W5 corrections are usually the steepest
Most of my models point to major volatility after March, but there may be upside in BTC into the summer?
For now, the accumulation...