webbie

webbie

No need to worry about inflation, right? Jerome Powell, the current Fed Chair said, “An episode of one-time price increases as the economy re-opens is not the same thing as, and is not likely to lead to, persistently higher year-over-year inflation.” So we're all good ... Charts don't lie. Almost all basic materials have doubled since last year. Start planning...

webbie Updated 

This bar chart grid is part one of a two-part idea, looking at possible scenarios for the month of February. I have a way of looking ahead and visualizing multiple scenarios, by creating a fake candle on a monthly chart (see the linked idea below), then thinking about what price action would have to do to create the fake monthly candle. I focus mainly on...

webbie

This monthly candlestick chart grid is part-two of a two-part idea, looking at possible scenarios for the month of February. I have a way of looking ahead and visualizing multiple scenarios, by creating a fake candle on multiple monthly charts, shown here, then thinking about what price action would have to do to create the fake monthly candle (see the linked...

webbie

I look for inside bars, because they quickly show me when there is price consolidation, and price consolidations is where big moves typically come from. Now, which inside bar of the four charts has the better chance for an upside move? On the weekly charts of the four GDAX USD Crypto pairs, one can clearly see ETH had a stronger week out of the two-bar, inside...

webbie

While I don't have an account on Bitfinex, it has the greatest amount of cryptos to view in TradingView and I flip through the entire list several times a week. What sticks out to me right now is nearly every single crypto, with the exception of BITFINEX:EOSUSD and BITFINEX:ZECUSD , has the same two-bar pattern on the weekly chart. Last week's shakeout followed...

webbie

Either oil is going to break out of this inverse H&S, and start making some price gains, or it's going to bump its head against it and head back lower (again). I don't have a bias either way, but will keep an eye on it. UWTI and DWTI are two ETFs I've used to trade oil in the past. Of course, there's also USO. Trade 'em well.

webbie

One of the methods to identifying market bottoms is to look at 52 week Highs and Lows. These are charts of New Highs and New Lows. For New Highs, the expansion seems to come well after the market bottom is put into place, so I wanted to map the trend of New Highs. I've found the Hull Moving Average as one of the best identifiers of a trend, so the histogram for...