On the above weekly chart price action has increased 200% since the year began. A few reasons now exist to be short. They include: 1) Price action and RSI support breakouts. 2) Price action confirms the 2nd bear flag with the *complete* weekly candle closing outside the flag. 3) The 2nd bear flag forecasts a 2 cent target / 50% correction from current...
7-days Gold bugs. Seven days to stop price action printing the mother of all Gravestone DOJI's on the 6 month chart. If this candle confirms price action will drop to $900. Brent Johnson's dollar milkshake theory is becoming more prophecy than prediction with each passing week. source: www.goingdeepwithaaron.com Action: Does price action close at $1785 by the...
3-day death cross is showing as converging on this 1-day chart. It is almost certainly unavoidable. Or I should say, there is a high degree of probability those moving averages will cross to the down side. An ugly week ahead for this San Francisco mobile payment company. If $27 does not offer support.... will reexamine at that point.
On the above 2-day chart price action has corrected a whopping 97% since the sell signal back in March 2021 at $1.50 (see weekly chart below). A number of reasons now exist to be bullish. They include: 1) Double ‘incredible buy’ signals. Last I saw that it was on Solana in December 2020 @ $1.40. Yeah. 2) Price action and RSI resistance breakout. 3) Price action...
The pattern of candles highlighted is a favourite of mine. You don’t often see such a clear example in the charts, but when you do.. If you’re new to trading / active investing, this is one to put in your notebook. No matter the chart study, stocks, crypto, price of fish cakes in Hong Kong, it works every time on all time scales, the weekly is partially...
On the above 8x8 8-day chart price action has corrected over 90% (slightly annoyed it wasn’t just 80%). A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Strong bullish divergence with multiple oscillators. 3) Support and resistance. Price action lands on legacy support, look left. Is it...
Short answer, Bitcoin. About the same time last year the question was asked: “Gold or Bitcoin - which is the better hedge for 2022?” The idea is in the link below if interested. Suffice to say, there was Strong divergence, strong buy signals with study from multiply time frames. If you held Gold instead of Bitcoin you would now be in a position to have four...
On the above 4-day chart price action has corrected 27% from the peak and 15% following the confirmation of the head and shoulders pattern, an expected measured move. A number of reasons now exist to expect an move up. They include: 1) RSI resistance breakout. 2) Support and resistance. Price action confirms support on past resistance. 3) Regular bullish...
On the above 4-day chart price action has corrected 97% since the sell signal (not shown) in August 2021 at $5.40, amazing. Now is an excellent moment to be long. Why? 1) A strong buy signal prints (not shown). 2) The strong signal also prints on the BTC pair. 3) Regular bullish divergence. Lots of it. This divergence is measured over a 3-month period. 4) IF...
The above 2-week chart informs us price action has confirmed a reliable bearish pattern known as the bear-flag. The pattern is reliable in identifying price action targets as measured from the peak of price action to the first support known as the flagpole. The flagpole is now used to measure the target from the area where price action breaks out of the upward...
A safe pair of hands. That’s what they tell me about JP Morgan. The chart says otherwise. On the above 2-month chart a significant negative divergence has confirmed with price action. Looking left history tells us a correction of up to 80% follows with those powerful divergencies. A strong sell signal also printed on the chart similar to that in 1999 (not shown...
Strong bullish divergence appearing here on this 4-day chart. The last candle completes today following a Dragonfly DOJI & support on the 21-day moving average. Clearly someone knows something I don't, considerable volume pouring in, I've no idea why. There is a saying "Extremes in the market is marked by extremes in volume". The volume can be observed across...
I know, dead project. However this is a great example why Technical Analysis trumps fundamentals. On the above 3-day chart price action has corrected 98%. A number of reasons now exist to have a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action and RSI confirms support on past resistance. 3) The bull flag breakout...
Lots and lots of messages. “10k this time?”, the usual. Fear to max. There are many many traders and investors alike sitting on the sidelines waiting for lower price action. They missed out on the move from 15k and now want vindication on the narrative sold to them by the internet's finest, a crash to 10k is coming. Well that's not going to happen. A trend...
On the above 5-day chart price action has corrected 90% from $400 since May 2021. (Who is selling after a 90% correction by the way? The number of ‘short’ ideas on Tradingview is remarkable). Anyhoe, a number of reasons now exist to be bullish. These are: 1) The ‘incredible buy’ signal has printed. Do not ignore on this time frame. 2) Price action is currently...
Even I don’t believe this, not for a minute. However, facts of the chart are telling.. and its spooky. Mulder level spooky. Very simple reasoning: 1) The 26-day EMA (green line) crosses down the 50-day SMA (blue line). 2) Price action falls to the 200-week moving average. 3) That’s it. We’re call this the ‘cross down’. First we have 2015 / 60 days to recover...
Slightly time sensitive. Price action on the above daily chart has price action miles outside the Bollinger Band. It is a fact to say 95% of all candles print inside the band. That’s a 10% correction at least to 340. You have to go all the way back to August 2004 to see price action gap so much on the daily chart. That time it was from 1.20 to 80 cents. Ww
On the above bi-Weekly chart price action has corrected over 90%. A number of reasons now exist to be bullish , including: 1) A strong buy signal prints (not shown). 2) Regular bullish divergence. Multiple oscillators now print positive divergence. 3) 2-week hammer candle on support 4) No stock splits. Is it possible price action falls further? Sure. Is it...