Part of my ongoing analysis, see links below. We are retracing as expected, Bulls look to be tired for now. Early plot suggest three targets. $ 2315/16 "Speed Bump" needs to slow the drop. $ 2401.37 - 2403.55 is the "Minimum Expected". $ 2391.36 - 2391-91 is the "Best Guess" target. $ 2382.46 - 2383.83 is the "Worst Case" target. . Big Picture plot looking...
Hi Guys! As always i try to bring ideas that catch my attention on the macro timeframes. The one that got my attention is Coinbase (COIN). Ive been tracking coinbase for some time now, ever since i discovered the Inverse Head and Shoulders pattern. (Ill be putting the link to that idea and others related to COIN below. This current analysis will be assessing...
Part of my ongoing analysis, see links below. Our bounce is at a crucial level right now. This level is where the retrace could end. Possibly bears' last chance at lower lows. Elliott Wave theory would call this an "ABC" Which implies a correction within a trend. So possible to resume downtrend from here. Good news for bulls is that 63.3k was the KEY. The red...
This is a follow-up to my previous Break Out call (click). GRT has been retracing along with the crypto verse. It has been holding up stronger then most other alts. Currently orbiting a well proven Golden fib at .3168 Break and retest would help paint a bottom. Rejection could lead to new lows for a while. What happens here will determine the...
Google finally made new highs. Just hit a major resistance cluster. Watching closely here, could turn. $ 157.95 - 160.24 is immediate resistance. $ 149.93 - 150.66 is first good support below. $ 202.23 - 203.89 is next major target above. ========================================
Energy sector has been very strong for some time. We have a decent pullback now across the sector. Halliburton is at a major support that might hold. $ 35.84 - 36.22 is the current support to hold. If this does NOT hold then uptrend is likely over. If it DOES hold, we should proceed to new highs. =============================================
Shown above is the same Fibonacci series, in 3 different time-frames. Assets have many Impulses in a lifetime, but only one "Genesis Pulse". Genesis as in "birth", programmed with all of the DNA it will ever have. That Impulse determines the "Sequence" of growth spurts and retraces. Imagine it this way: - Each owner of the asset convinces on average 1.618 others...
This is part of my ongoing analysis, see links below. We have been orbiting 63.3k for several days. It is a key level of the wave down from the top. North of 63.3 is bullish, South of line is bearish. This chart is also a good example of my concept. The red fibs are extensions of an Impulse (fib 0.1). Purple lines are retracement levels of entire wave. Previous...
This is a follow up to my $177 breakout call (click). Nearing a significant resistance around $188. Expecting a pullback but the market is strong. At the least we should get some sideways action. $ 187.49 - 188.98 is the immediate resistance of interest. $ 197.94 - 199.63 is next major resistance and maybe top. $ 181.95 - 182.39 is first good support that...
Update to my ongoing analysis of this bull run. Correction proceeding exactly per plans. We are nearing some key levels to watch. The bottom should be pretty close to here. $ 56,265 - 56,799 is the minimum expected. $ 52,838 - 53,659 is best Guess and Ideal target. $ 48,090 - 48,750 is the Overshoot (backboard). . Previous plots and logic that lead us here...
Part of my ongoing analysis, see links below. We may have bottomed at 57k with a strong bounce. But we are now retracing and hopefully almost done. EW theory shows a 5-wave bounce with 3 wave retrace. . Previous plots that lead us here (click the links): - 73k Top Call no one expected - Retrace Roadmap of Support zones - 52.8k imagined but not believed - ...
We appear to be in an Elliott "Wave 5". Wave 5's in commodities tend to extend. Likely a pullback first then next/last leg? . Here is a Near-Term plot of possible retrace to $2307 ===========================================================================================
Big F currently at a Genesis fib at $12.96 This fib has shown itself to the market. Even the fib-blind are watching this level. =====================================
Follow-up to my previous 5137 Top Call (click). Markets appear to be retracing finally. This could be just the start of correction. Minimum next leg depicted goes to 4900-ish. $ 5109-5137 is major resistance that may be retested. $ 5044-5049 a minor support that will hopefully bounce. $ 4896-4924 is next major support and BEST GUESS...
MCD has been retracing from $300. Now at a major support around 269. Strongest support above the 250 area. $ 268.98 - 269.67 is the exact zone of interest. $ 250.05 - 251.41 is the next strong support below. $ 273.05 - 274.41 is the immediate resistance above. ===============================================
Currently at a support going into weekly open. Last wave has been retraced to its Impulse Core. If any energy left in this wave, it should be here. Otherwise, next support is a MAJOR fib at $2307.19. If that fib breaks, then bulls will be done for a while. If risk-off remains the sentiment, look for $2700 next. ===============================================
SMH just hit a Golden Genesis fib at $209.43. That fib is reinforced by a Covid Stimulus fib. This is a major landmark in this ETF's history. $ 209.43 - 212.89 is the immediate resistance. $ 236.36 - 238.96 is the next major resistance. $ 191.21 - 191.90 below is the first good support. It is PROBABLE that we orbit this zone for a while. It is POSSIBLE that we...
Bitcoin has fallen over 6% in mere hours after the announcement that one of the largest crypto exchanges, Binance, is being sued by the SEC. Now seems the best time for me to put in buying orders at certain support price levels. I see three Scenarios: 1.The news that SEC is suing Binance will have no short term aftereffect on the Bitcoin price. The price will...