On the above weekly chart price action has corrected a massive 85% since the sell signal back in December 2020. Now everyone is calling for a recession and stock market collapse. We’ll see. A number of reasons now exist to be bullish, including: 1) A buy signal has printed. 2) Regular bullish divergence. 9 oscillators are currently printing bullish divergence...
Cardano smashed through the 50 MA on the 3-day chart on the 3rd attempt since the consolidation period began 3 months ago. Should 50 day MA become support, then there's a strong chance the bottoming candle will become support.
On the above daily chart price action has corrected over 80% since May of last year. Now is an excellent time to be long. Why? 1) The ‘incredible buy’ signal printed. 2) Trend reversal, higher highs / higher lows are printing in price action and RSI. 3) Hidden bullish divergence. This is defined by price action printing a higher high at the same time an...
On the above 2-day chart price action has corrected a whopping 98% from a high of $8 back in April! Now is an excellent to be bullish. Why? 1) The ‘incredible buy’ signal prints. 2) Regular bullish divergence. 9 oscillators are currently printing divergence including MACD and MFI. Price action increased 200% the last time a strong divergence like this printed....
Why bearish? A few reasons: 1) Price action prints a lower high. 2) Price action is in a descending channel. 3) RSI support was broken around mid-March and now appears to be acting as resistance. 4) The monthly chart below printed a very convincing Gravestone DOJI candle. 5) Lastly, since being long, price action has returned a massive 4500% increase. A sell...
On the above 2-day chart price action has corrected over 92% from the highs of last April. Now is a excellent time to be bullish, why? 1) A ‘incredible buy’ signal prints. 2) Regular bullish divergence. Multiple oscillators are printing bullish divergence with price action. 3) RSI resistance breakout. 4) On the 3-day BTC pair (below) points 1-3 above are also...
I have a problem with that question. Everyone is asking it. Everyone is expecting it. Everyone is selling because somehow they know it’s coming. Well maybe, who knows. The sentiment is extreme fear both in stock markets and crypto. There’s blood on the streets, so that must mean more blood is coming? How can this be wrong? With every good bearish outlook there...
On the above 2-day chart price action has appreciated a massive 27500% in just a little over 300 days since the life cross. I’m afraid a death cross has just printed on this 2-day chart, which means price action is now in a bear market. A bear market is defined as: 1) The 50-day SMA (blue line) crossing down the 200-day (red line). 2) Price action trading...
On the above daily chart price action has corrected 70% since the year began. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal has printed. 2) Price action trend reversal. Higher highs and higher lows have replaced lower lows and lower highs. 3) Price action prints last higher low on golden ratio. Excellent. 4) RSI...
Price action for a number of alternative coins has obviously taken a beating over the past several weeks. How do you take advantage if you’re already sitting on losses? Easy.. look for those that have fallen even harder. Spent the last couple of hours calculating ratios from recent highs to current price action on Binance listed tokens. Coming in at a ratio of...
Bullish divergence on this 3-day chart is quite clear to see with a healthy amount of volume. The daily chart shows we are under the majority of moving averages, which is exactly where we're interested in taken a position, buy low - sell high. The 4-hr chart below suggests the divergence may be coming to an end following a strong oversold period.
The $20k calling is not going away. Maybe, who knows, am not a fortune teller, just a guy who loves studying data. A number of folks are quick to remind me price action should fall to the previous market high. Folks, price action is already at the past market high. On the above 3-day chart price action is shown divided by the M2 money supply. In order words, all...
Thought this event deserved its own idea. Been bullish on the dollar since February, idea below: tinyurl.com Since this idea was published the dollar index has increased a little over 7%. Let me tell you, It’s just getting started. But it can’t! They’re printing so much. Inflation is here to stay! The chart says different. In a rising dollar environment...
On the above 1-day chart price action has corrected 80% since May. A number of reasons now exist to be bullish, including: 1) The ‘incredible buy’ signal just printed - look left! 2) A higher low has printed. 3) On the 2-day chart (below) bullish divergences versus price action continue to increase in number. In addition MFI and RSI resistance are running out...
*investment opportunity - risky <$100m market cap* 7 years of falling price action, 3 stock splits, and an oversold condition (orange column) the above 10-day chart and monthly (below) are now displaying a number of bullish indicators. They are: 1) Regular bullish divergence on the monthly. 2) Increasing volume together with point (1) = very bullish. 3) A...
Head and shoulder pattern on the above daily chart confirms resistance of the neckline. The extension from the head to the neckline takes price action to 6 cents. The 50-day SMA (blue line) was broken and now acting as resistance. The 1st time since September 2020. On the weekly chart below there is a regular bearish divergence between price action and the...
There’s mounting evidence for it. Don’t hate me, just reporting the facts on the chart. And no, Bitcoin does not have to crash through the floor for this to happen. A number of important developments on the above 8-day chart are worth attention for longs. 1) The 21-week EMA (yellow line) has just crossed down the 50-week MA (green line). Look left, a 50%...
This is a continuation on the idea published below. So many folks on Tradingview are bullish on Chainlink whilst ignoring the 24000% return in the last 800 days. This is greed on steroids. On the 2-day chart above the head and shoulders confirms a break of the neckline following the bearish divergence identified on the idea below. A short from $24-25 is amazing...