On a recent update to the expected alt-token market dominance idea I alluded a number of alt-tokens can expect a 10x return. On the above 2-day charts price action has corrected over 95% since last November! Ouch. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal prints. This is also true for the 5-day chart (below). You...
On the above 3-day chart price action has corrected 90% since the sell signal in January 2022 (not shown). Now is an excellent time to take a long position. Why? 1) A strong buy signal prints (not shown) 2) A Life cross prints on the daily chart. i.e. the 50-day SMA crosses up the 200-day SMA. Only 5 crypto tokens listed on Binance by my last count have done...
On the above 4-day chart price action has corrected 90% since the sell signal (not shown). Now is an excellent long moment. Why? 1) A Strong buy signal prints (not shown). 2) Price action and RSI resistance breakouts. 3) Strong bullish divergence. In fact this is the strongest divergence the stock has ever printed with price action over a 80 day period. 4) No...
If recent moves in top performers are anything to go by, take profits at this level. Ww
A lot of information in the above 6-month chart of the dollar index, could discuss for hours.. some highlights: 1) The bearish divergence currently printing shall confirm by July 2023 should 100 level collapse. It is the only time in history a bearish divergence of this strength has printed on the 6-month chart. 2) IF it confirms, the index will target the lower...
Following a 70% correction from the August highs and oversold condition (orange column) the above 1-day now prints divergence between price action & Stochastic RSI. Price action has also just landed on the golden ration 0.786 with a Dragonfly DOJI candle + confirmation of trend reversal. 1st target $0.013 or 50% away.
On the above bi-weekly chart price action has corrected over 95% since the sell signal (not shown). Now is an excellent long moment. Why? 1) A strong buy signal (not shown). 2) Price action is printing strong bullish divergence, look left. 3) No stock splits. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6%...
On the above 1-day chart price action has corrected over 80% since last April. Now is an excellent moment to take a long position. Why? 1) The ‘incredible buy’ signal. Also prints on 6-day chart (below) following the previous sell signal. 2) Trend reversal. Price action AND RSI are now printing higher highs / higher lows. Excellent. Is it possible price action...
On the above 5-day chart price action has corrected over 90% since the sell signal in November 2021 (not shown). A number of reasons now exist to be long, including: 1) A strong buy signal prints (not shown). 2) Multiple oscillators (blue circles) print positive divergence with price action over a 100 day period. Also true on BTC pair. 3) Price action...
The probability of further upside following a massive 86,000% return since last March and multiple overbought conditions has reached a limit. The risk / reward now favours sellers. Why bearish? On the above 4-day chart: 1) Price action has broken the 21-week EMA (yellow line) with a full bodied candle. Price action has also failed to confirm the ascending...
On the above 2-day chart price action has corrected a whopping 95% since the sell signal in February 2021. A number of reasons now exist to be long, including: 1) The buy signal of course. 2) Price action and RSI resistance breakout with support confirmations. 3) Regular bullish divergence. Eight oscillators are currently printing bullish divergence over a 30...
The above 10-day is fascinating. One way or another a significant move with the index shall occur by mid-August. No ifs no buts. Price action is approaching the apex. Resistance repeatedly tested until a ‘fake-out’ and then break-out resulting in a 30% rally. Price action is now in a bearish rising wedge formation. Typically rising wedges breakdown. Can it break...
Moving averages do not feature much in my ideas, probability versus risk is my preference. However many market participants use moving averages for decision making. If that’s you, this post is for you. Previously Bitcoin entered a new bull market when: 1) A weekly candle printed as support on the 21-week EMA (yellow line. AND 2) The 21-week EMA crossed up the...
So much going on in the above daily chart, multiple reasons to be bullish. 1) There was a ‘incredible buy’ signal, just did not get around to sharing. See 2-day chart below. 2) Price action has broken out from long term resistance since November 2021 as shown by the black arrow, do you see it? 3) Most recently price action has broken out from a bull flag...
On the above 10-day chart price action has appreciated 150% in the last 22 months. A number of reasons now exist to be bearish, including: 1) The breakout of price action from a bearish rising wedge structure. 2) Double bearish engulfing candles. Remember this is a 10-day chart, don’t ignore bearish engulfing candles on this time frame. 3) Regular bearish...
On the above 2-day chart price action has corrected almost 80%. A number of reasons now exist to be bullish, including: 1) Strong buy signal (not shown). 2) Price action and RSI resistance breakouts. 3) Regular bullish divergence. 8 oscillators currently print positive divergence with price action. A clearer overview may be seen on the 8-day chart below. 4)...
So many messages on ADA. Buy / Sell?? “I saw you’re short from $3 and dismissed it - he’s mad”, “I saw the 50 cents idea, always spreading FUD” etc etc. lots of anger, lots of emotion. Folks emotion is a money killer. When I publish those short ideas they are not without study. And for free! Is ADA a buy? Of course it is. Why? Real real simple.. On the above...
On the above 2-day chart price action has corrected over 70% since early November. Now is an excellent time to be long. Why? 1) A ‘incredible buy’ signal prints. 2) RSI resistance breaks out. 3) Dragonfly DOJI prints on the 5-day chart with confirmation. Excellent. Is it possible price action falls further? For sure. Is it probable? Very unlikely. Good...