Continuing along the theme that the best opportunities are found in alt-tokens… On the above 2-day chart price action has corrected 80% since May 2021. A number of reasons now exist to be bullish , including: 1) The ‘incredible buy’ signal. 2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence. 3) Price action tests...
On the above 1-day chart price action has corrected 75% since February. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal prints 2) Price action and RSI resistance breakout. 3) Price action is testing significant support / resistance trend line . See 10-day chart below. 4) The target is derived from the Fibonacci extension...
Continuing along the theme that the best opportunities are found in alt-tokens… On the above 2-day chart price action has corrected 90% since the year began. A number of reasons now exist to be bullish , including: 1) The ‘incredible buy’ signal. 2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence with price action...
On the above 1-day chart there is a 94% correction since the beginning of August and following oversold condition (orange bar). There is now increasing signs a reversal may be imminent. What signs? 1) Regular bullish divergence. All three oscillators are printing higher lows with lower lows in price action over a period of 30 days. 2) The last candle printed on...
On the above 1-day chart price action has increased 3300% against Bitcoin. Fantastic. A number of reasons now exist to turn bearish. They include: 1) The overbought indicator (green column). No sell signal yet, but it is in the post. Look left. 2) Price action has been trending in the upward channel since the beginning of the year. Price action is currently...
Maybe. A lot of PM’s asking me where the bottom is. Believe it or not, I'm not an oracle. From a recent high of $67k straight to $47k, impressive. What’s next? This is where zooming out matters. Overall my bias is certainly bullish. However I’m not doing myself any favours without looking at the bearish. All TA should be balanced. There’s a lot going on, on...
Over the months this 3-day chart has been very powerful for me. Think it is about time I shared it. Over the last several weeks I’ve been selling my Bitcoin into various Alt-coin positions. It almost does not matter which, a rising tide lifts all boats to coin a phrase. My reasons for doing so is almost exclusively because of the this chart. Take time to study...
On the above 1-day chart price action has corrected 50% since mid-September. A number of reasons now exist to be bullish (including USD chart), including: 1) Price action prints a ‘incredible buy’ signal. Look left. 2) Regular bullish divergence. Currently 8 oscillators are showing bullish divergence with price action. 3) RSI resistance breakout. 4) On the...
How do you spot a super bullish play when everything is so bearish? Zoom out folks, zoom out.. while so many of the large market cap coins (ADA, ETH, SOL, THETA) print bearish divergence with Bitcoin, there’s a handful of others printing the exact opposite. On the above 2-day chart the native token for the Chia Network has been printing an extended bullish...
On the above 2-day chart price action has corrected a whopping 95% from $1450 in May. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal prints. 2) Price action resistance and RSI resistance breaks out. 3) Bullish divergence between price action and the oscillators. Remember this is a 2-day chart. 10 oscillators are currently...
This is a tricky one. Price action has broken through the 21-week EMA (green line) to find support after months of resistance, gains are almost certain. I say it’s a tricky cause holding this token means you’re exposed to daily rebalancing of token supply. A positive return in only guaranteed if market capital / demand is increasing rather than token price.
Not enough time to explain this one thoroughly, but I noticed the majority of tradingview ideas are long. There's a high number of oscillators showing bearish divergence with price action on the above daily chart following the 'incredible sell' signal. On each occasion price action corrected at least 50%. If you're well into profit now is the time to protect...
Why? 1) That ‘incredible sell’ signal way back. That was the sign Ethereum was cooked. 2) A death cross just printed on the weekly. 3) The head and shoulders pattern confirms breakdown. Why $800? Because that’s the golden ratio that stopped the last sell off, which is measured from the break of past resistance to new market top. Is it possible price action...
Stiff drink time - (who doesn’t watch George?!) Since I published the bearish divergence (chart below) , I’ve only become increasingly bearish on Ethereum. The Youtube is full of folks talking about the supply restrictions in mid-August / $10k Ether etc. I’d argue the supply restriction was priced in long ago. Anyhoe.. Why so bearish? Just look at that 3-day...
Bet that title caught your attention. So many folks messaging, is Bitcoin going to $28k again?? $20k, $14k. There’s a clear state of panic. This idea is an attempt to illustrate why any sell offs at the current levels are irrelevant as should any sense of panic be ignored. When in doubt, zoom out. Each candle on the above chart is 12-months of data. Each bull...
On the above weekly chart price action is paired with the NVT / HV index. What’s that? NVT - Network Value to Transactions Ratio is similar to the PE Ratio used in equity markets. When Bitcoin`s NVT is high, it indicates that its network valuation is outstripping the value being transmitted on its payment network, this can happen when the network is in high...
You’re down 23…24%. No wait almost 25%. If you’ve held an index fund tracking the S&P 500, you’re down 13%. If you’ve held Gold you’re down 13% Each of the above 2-day charts is the asset divided by the M2 money supply. The purpose of this is to identify where value has gone. Basically the last 5.5 years have been awful for investors, sentiment is on the floor...
Had a few messages asking me if my Ethereum / USD short trade idea is now obsolete with the changing market sentiment. Figured it would be easier to publish another idea. Answer: An emphatic NO with bells on. The majority of tradingview ideas are long at the moment calling for dizzying heights, as are popular Youtubers. What do I know… they might all be right,...