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Simple chart showing the federal funds rates since 1955. As you can see the rate is currently in a falling wedge pattern which should eventually break to the upside. However given the conditions of the global economy, for now, we may very well be at the peak at the top of the channel with a downward move pending. If this happens to be the peak and feds continue...

I'm creating this chart to share a hypothesis on how far I think Bitcoin can go before the next major correction. The monthly price action is best contained within a rising wedge on a logarithmic chart. As we can see, Bitcoin took 638 days to go from the top (November 2013) to the bottom (August 2015) of this channel and then 853 days to go from the bottom...

As you can see, a head and shoulder pattern has formed on the Crypto Total Market Cap that excludes Bitcoin. I'm posting this idea because this is a great place, whether long or short, to trade in terms of risk to reward. Reasons to short: The price is currently right below the 30 week moving average AND below the neckline of a large head and shoulders pattern....

First I would like to say that I am not sure which way this will go, nor do I think anyone can honestly tell you with confidence/certainty that they do. Here is the bearish scenario if we happen to break the neckline of the double-headed head and shoulders that has formed. Keep in mind that that the neckline is support at the moment until it breaks. Even after it...

As you can see, Bitcoin is currently in a short/medium term downtrend. The overall trend is still upwards as you can see one structure has been built on top of the other, and most recently Bitcoin used the 2nd structure as support twice which may be a double bottom. The price is also still well above the 200 day MA. The ideal entry was 9,100 as a lot of people...

In this monthly chart of Tesla you can see that we've reached a supporting trendline that goes back to May 2014. I believe the fundamentals of Tesla are stronger than they were in 2014 so I expect the trendline to hold, but if it doesn't, I have a stop loss prepared right below the 50% retracement level. The first conservative area for taking profit gives us a...

The EURUSD pair is currently in the 5th wave of an ending diagonal. After a break of the top trendline of the ending diagonal, anticipate a retest of the top trendline for entry. If this opportunity does not present itself after the break, then enter on a lower time frame when consolidation occurs above the break. Take profit on the green trendline and await...

From the 50% retracement of the S&P, we're able to project the target of 3,250 - 3,500 for SPX (325 - 350 for SPY). Before this happens, I think it's possible, although not likely, that the S&P reverses to 2,640 level before going up and forming an inverted head and shoulders. Note: I'm not a bull or bear nor did I factor fundamentals into my analysis (nor did I...

Here are our results for 2018 for a custom script we wrote earlier in the year. I still prefer to do my trading manually via technical analysis because that is where my passion is however I am becoming more and more of a believer in algo trading given these results. If you feel you have skills to contribute, send me a PM and perhaps we can partner. There is always...

AAPL is currently testing the 200 Week MA which is the cyan colored MA you can see in the chart above. The only time AAPL has stayed below the 200 week for a long period of time was during the Dot Com crash in 2000, since that period it has served as support for almost 14 years. I expect this level to hold, but if it doesn't, I don't foresee AAPL being below the...

Above is an Elliot Wave analysis using the monthly log chart of P&G. 1. The yellow wave is an impulse wave. You'll see we're at the end of wave 5 of this impulse wave. 2. The purple wave shows that we're at the end of wave 5 inside of an ending diagonal (Rising Wedge) pattern. A good short entry would be on the retest of the break of the rising wedge pattern...

On the monthly chart, you can see that EURUSD had a very clear head and shoulders top reversal pattern that has been confirmed on the retest. Reasons to short: 1. Price Action: We see the price hit the neckline of the head and shoulders pattern and continued downward. This confirms the head and shoulders AND 61.8% fib resistance. This is ugly. 2. Fib: Rejected...

On the monthly chart, you can see that oil is currently hitting a major support zone. I placed the fib a bit unconventionally however this is where it snaps the best. If it holds up, it gives us a target at 100-123% fib zone. Reasons to long: 1. Price Action: We see the price responding to the key supporting trendline and 78.6 fib. Wicked below it and closed...

Above is a monthly chart comparing 2014 to 2018. You'll see so far, everything is normal in regards to Bitcoin price action. No one can declare Bitcoin dead yet as we can clearly see we're in the 'Bust' part of the Boom and Bust cycle of Bitcoin. While we do not know for sure if capitulation happened in 2018, we can clearly see where it happened in 2014. In 2014,...

Reasons to short: 1. Unable to cross major resistance, wicked multiple times above but closed below. (See blue dashed line) 2. Rejected by .50 fib resistance. 3. Rising Wedge 4. Buying volume is decreasing 5. OsMA, ADX, and Stoch are all bearish

For those of you who have been patient enough to secure a low risk entry on MO, your patience has paid off. As you can see MO has found support at the 76.4 fib retrace and a trendline that spans back to 2008. If the fib support holds here and proceeds upward, that gives us a target of around 100% - 123% fib zone. The price action formation is also a bull flag on...

The BNB lifeboat is floating waiting for all USDT hodler's to jump in. USDT has one purpose, and that is to be stable. When it looses it's stability, it's no longer useful. Whether or not the fud being spread about tether is true, there is one thing that HAS been confirmed and that is Tether is volatile. I believe there is an opportunity with BNB, as I said in...

In the chart above, you'll see that every time BTC closed above a long daily trendline and had a successful retest, it almost always has gone up. As you can see, the retest appears to be successful and up is the next step. The next local obstacle seems to be the 30 day moving average which BTC is currently above. If the price is able to close the day above the 30...