This idea is the result of study from multiple time frames. 10-chart, 3-day chart, and the 1-day above. On the above daily chart price action recently broke through the 3-day / 50-day EMA (blue dotted line). That was significant. Why this obscure EMA? For a number of reasons, no. 1 most importantly to remove daily price action noise. no. 2, very few people study...
On the above 1-day chart a ‘great buy’ opportunity is shown (orange column). Such signals in a bull market are uncommon but powerful. Why bullish? 1) Price action trend prints a higher low following a higher high. 2) Hidden bullish divergence between recently printed higher high and lower low in the oscillators - very bullish. 3) The SFP / BTC weekly chart...
A easy enough set up, price action has printed a falling wedge pattern and breakout on the weekly (below) with flagpole extension to 95 cents. On the daily chart above price action has made a number of bullish moves, including: 1) Printed a ‘great buy’ 2) Recovered the 21-week EMA (yellow line). 3) Made an impulsive move to the upper side of the Bollinger...
This is one token that has certainly not shone throughout 2021 following a 80% correction since February, however I believe that’s about to change. Why? ** significant developments on the weekly chart ** 1) On the above weekly chart price action has been trading inside a rising channel. Have been watching the price action resistance closely over the last...
Thought this was already published but unable to find. On the above 1-day chart a regular bullish divergence follows the ‘incredible buy’ condition after a 90% correction in price action. The bullish divergence occurs across both RSI and MFI oscillators and is 2-month in the making, that is significant. Is it possible price action falls further? For sure. Is...
On the above 1-day chart price action has corrected 70% since early April and now prints a ‘incredible buy’ signal. Apart from this a number of reasons now exist to be bullish on this alt-coin. They include: 1) price action breaks out of resistance and finds support. 2) The fractal with the last price action breakout in February is remarkable. In fact, price...
A 65% correction since early April with oversold condition (orange column) and ‘incredible buy’ opportunity, now is an excellent time to be bullish. Why? On the above weekly chart: 1) Price action breaks out of resistance. 2) Price action prints a bullish engulfing candle after finding support on the 786 golden ratio (not shown here). 3) Stochastic RSI...
On the above daily chart price action has corrected 50% with a ‘incredible buy’ opportunity illuminated. Now is time to be bullish. Why? 1) Price action breaks out of resistance with a ‘W’ in price action forming. 2) Bullish divergence. Price action prints lower lows while the oscillators print higher lows. In fact 9 oscillators are now showing positive...
Nothing too complicated here. Price action breaks out of a falling wedge pattern with flagpole extension to the $1 area, which just so happens to be the 2018 market top. Laterally on the weekly CVC / Bitcoin chart (below) price action has broken through the 100-week EMA and returned to confirm support. Fantastic. 1st target $1. Beyond that there’s no...
A 92% correction from July 2012 (ouch) creating a considerable oversold condition (as if it was not already obvious) there now exists an ‘incredible buy opportunity’ for those brave enough. Why Bullish? 1) The bears are exhausted - this is indicated by the ‘capitulation’ volume candles. Remember, ‘Extremes in a market is marked by extremes in volume’. 2)...
The CCP strikes again.. 1st tell the world your intentions: “China is launching its own digital currency.” www.inkstonenews.com Then unload the FUD dumper truck: Sep 2020 “'One day everyone will use China's digital currency” www.bbc.com Dec 2020 “Authorities shut off electricity to Bitcoin miners in China’s Yunnan province” cointelegraph.com Today...
The Dow Jones industrial average has 🛎 “Alarm bells” 🚨 for all to see. Some bad some good. The above monthly chart prints a new candle 12 days from now. The candle is signalling a breakout from the rising wedge formation. Three probable outcomes are foreseeable: Worst case: Price action returns to the foot of the rising wedge as before with rising wedge 1. The...
A cup and handle pattern prints on the monthly chart (above). Of particular interest is the Dragonfly DOJI candle printed during the month of July. To confirm this candle we need to see a green candle close for August. 48 hours to go. However I’m reasonably confident it will close green because of what is developing on the weekly chart. The weekly chart (below)...
On the above 1-day chart there is multiple ‘incredible sell’ alerts all over AVAX price action. There is a high probability for a collapse in price action. Look left. Furthermore price action is well outside the upper half of the Bollinger band. Remember 95% of all price action trades within the band around the mean, which is currently at $30. Target $34 WW
On the above 1-day STORJ/BTC chart (Left) a ‘incredible buy’ signal is shown following: 1) A 70% correction 2) Price action resistance breakout. Price action is now printing higher low indicating a trend reversal. On the weekly chart (below) price action prints a bullish engulfing candle following a test of Golden ratio. Excellent. As for the USD chart (above...
On the above 1-day chart price action has corrected 90%. A ‘incredible buy’ opportunity now exists. Why bullish? 1) Price action breaks out of resistance and prints a higher low. 2) RSI resistance breaks out. 3) Price action makes an impulsive move to the upper side of the Bollinger Band (not shown here to keep the chart clean). 4) The KMD / Bitcoin chart...
On the above 1-day chart price action has corrected 60%. A ‘incredible buy’ opportunity now exists. Why bullish? 1) Price action resistance makes a breakout (blue diagonal line) 2) Regular bullish divergence between the oscillators and price action. In fact there are now 10 oscillators diverging with price action. Incredible. Look left. 3) RSI resistance...
*investment opportunity - risky ~$40m market capital* Happy with the risk? Shown on the above 10-day chart price action has dropped 99% since May 2015 with a 1:14 reverse split in July 2019, price action is severely depressed. A ‘incredible buy’ opportunity was illuminated in early 2018, however price action resistance continued. That resistance recently broke...