z3bracoRn

z3bracoRn

s&p has set up an inverse head and shoulders like i previous stated, we have broke the downtrend closing a weekly candle. still be very weary cause some news can come out and send this back down. but for now enjoy the pump and probably expect a retest in the coming weeks. fed is being a little more bullish then normal.

z3bracoRn

and we have finally made it to the optimal buy zone. we could always go lower but this chart is looking beautiful at the end of the massive falling wedge as well. this is a weekly chart so could take months for something to happen.

z3bracoRn

spx has bounced off weekly 200ma awhile ago, and we also got rejected on the downward trend line many times. eventaully the down trend line will meet the 200 wma and will have to make a decision to break down trend line or break 200wma. i could see another bounce off 200 wma creating an inverse h/s, which its neckline also comes into confluence with trend line....

z3bracoRn

this is my long term dot strat, this is a weekly tf so this could take a very long time to play out. but dot and its eco system is so oversold and looking like some really good buys now in the the short term. been in a falling wedge for quite some time now. im a buyer anywhere from $4 to $5. not financial advice im willing to accumulate dot all next year if...

z3bracoRn

will eth be stuck in this range or ascending triangle the rest of year?

z3bracoRn

cake is bullish. we have broke through 200 daily moving average and retested it. if we break back below 200 dma i will sell. and with cake having a limited supply this is a no brainer. not financial advice.

z3bracoRn

i have 2 scenarios for btc. 1. this bear flag plays out and we drop to the 14k ish level. 2. this support holds and we trend up to 22k ish level and retest. also take note this is a weekly time frame this could unfold over months. also take note we have a hidden bullish divergence. also holding support very well and on top of that could also be seeing a...

z3bracoRn

alts are currently dumping, we can see the 200 wma lines up with some support for alt coin market cap, given the the next few months are historically bullish and we are still before midterms i don't expect this to break yet. could see a double bottom or bullish divergence over next few weeks/ months. but if money starts flowing into just bitcoin as it should this...

z3bracoRn

s&p seems to be forming a inverse h/s (looks better on 3d timeframe) but as seen here on this daily tf, the dotted line which is a good downtrend lines up in confluence of 200 dma perfectly. if we can break this downtrend we may see a decent move to the upside for stocks and crypto. we got rejected once off the 200 dma already. keep an eye out. the 200 ma on the...

z3bracoRn

with btc threatening to close weekly below 200 ma. we can also see we have another bear flag forming, this time the technical target is around the 12-13k area. will we reach it? anybody's guess, but the macro environment isn't out of the woods yet im eyeing after mid terms for some more down action.

z3bracoRn

btc is nearing the end of this rising wedge, after getting rejected at 12hr 200ma. we should see a move very soon on which way markets will want to go. this is a bearish pattern.

z3bracoRn

bitcoin is in the process of a inverse cup and handle, handle hasn't formed yet and may not form just something to watch for. if pattern completes target would be 18k. then depending how stocks go could see a double bottom around 18k. but woudn't count on it at this point.

z3bracoRn

bnb historically has held just the same as btc or better in bear markets, this bnb/btc chart is looking super bullish, if this breaks to the upside don't be afraid to move some funds over from btc, but have a stop loss or a area where you'd move it back to btc. if market dumps again there's a possibility bnb won't dump as much as btc. this is not financial advice...

z3bracoRn

eth broke out of inverse h/s. volume is weak though so retest could fail. currently as of writing this we are getting rejected off red zone. stock market is rallying which is expected and we are filling some cme gaps on the way up. still be careful we aren't out of the woods yet.

z3bracoRn

eth is still looking a little weak, low volume with resistance over head. i do expect one of these 2 paths though if we can break the 4hr 50 ma. (yellow line) if this inverse h/s pattern does play out then this will be our next target.

z3bracoRn

bottom indicator we poked into negative money flow in 2016 and rallied out of it. right now we poked into negative money flow and we are turning back into positive money flow. obviously we are in a different market environment then 2016. but could see a nice little rally, see how high money flow goes in the coming weeks. plus bouncing off support lines. but if we...

z3bracoRn

eth/btc chart and finding support again but this time with a head and shoulders pattern! the 200 weekly moving average (red line) is right at a support and is in confluence of this target breakdown! if this breaks down btc will hold up better then eth.

z3bracoRn

we are forming a bear flag here with a target of 20k. alts will probably slowly bleed out more and more and if btc does dump looke for another 50% loss in alts as well. i think this will largely depend what stock market does. but either way we can trade this and make some money in a short if it breaks down, have a plan ready!