xtremerider8

xtremerider8

SSE china composite index may have already bottomed at 2863.65 in April. It is now at my yellow pivot zone. It may go back down to retest the low. 2888 is a very impt FIBO level, exactly @0.786 retracement & is also coinciding with exactly 0.236 of my Fibo strategy on 2 separate retracements. It is highly probable that SSEC may rally on early June. It may reach...

xtremerider8

SPX seems range bound by the 2 blue wedge lines (potentially ranging between 3900-4k or 1.272 to 1.414 Fib levels) Measurement of the previous wedge height says that SPX may go even overshoot the very strong & popular support at 3800. 3800 is a 21% correction @edge of a bear mkt & is also a 1.618 retracement of latest rally from 4129.50 to 4631 ATH. This level...

xtremerider8

BTC update from last post where I projected a wedge-measured move to 20k. On this 4H chat: BTC after bouncing from a low of 26591, seems to be range bound by 28-31k on a closing basis. It has fallen below all my blue trendlines & is now barely holding the red 30k pivot zone which is also at the very edge of the gray slanted FIB CHANNEL. If this weakness of lower...

xtremerider8

UPDATE on my 24 Apr post that ETH have a downside risk to 2300 & 1800. These 2 targets are attained. ETH may consolidate in the 2000 to 1700 zone for awhile after completing this expanded flat. Not trading advice

xtremerider8

DJP, a commodities play, is an inflation hedge. If DJP breaks 37 voiding the Trendline or GANN FAN line support, then inflation may have peaked out temporarily. Holding 37, DJP may see higher inflation numbers.\ Note that all impt FIBO levels are respected here in increments of 4. 37 is the 2.618 level of 31 to 27. If 37 holds, the next resistance is at 41, the...

xtremerider8

BTC after forming a wedge, breaks below it. If it breaks above, the measured move would have been to 64k. What is scary is that if you calculate the move down from wedge BO, it falls along the 20k level! 20k is a strong support. There is a vacuum in between 28k & 20k so BTC may fall very very fast now that it already exceeded 28k…unless it reclaims 28k in this...

xtremerider8

DOGE broke below a wedge pattern lately. If it instead break above, the TP will be 0.27 measuring the height of the wedge. The scary thing is if you calculate the measured move downward, that would be 0.007. But that is least probable. The lowest Doge may fall could be to my Max Pain, the 0.0622 to 0.05 support zone. Right now DOGE bounced from 0.0653, a little...

xtremerider8

When DXY dollar index peaked on 16Mar2020 at around 104, it created an easy bull market for equities, risk assets & commodities specially gold. Will it again peak now at 104? DXY has been in a strong upchannel since the low of 2009 & since 2018, has always failed to pass thru the median line of this channel. Now it may again be rejected at this median around 103...

xtremerider8

EEM Emerging Mkt formed a big Violet wedge since the 2007-2008 crash. It currently gapped down & broke 40, a 0.618 level. If it does not reclaim 40 in the next few days, then It will go down to 37 to retest the lower edge of this wedge. 37 is also a 1.618 retracement of the latest rally. See the 3 zones in the chart. Red is the sell zone. Yellow is the neutral...

xtremerider8

ADA broke the yellow consolidation box with a big red weekly candle. It also broke below the slanted Fib Channel base. 0.27 is a 200% retracement of the most recent rally & also a 1.618 Fib Ext of the ABC from ATH. Not trading advice

xtremerider8

NQ gave back all gains from its Mar2021 rally & even broke its 12200 support. If NQ does not reclaim 12200 & hold 12k in the next few days, then the next strong support will be 11k. 16775 ATH is near the 2.618 Fib of 13950 to 12200(Mar2021 crash) 15k is around 1.618 13300 is at 0.618 After the Mar crash, NQ went to make ATH at 2.618, came back to 0.618 for the A...

xtremerider8

TSLA in a downfall breaking 800 making a M-pattern. Next supports are 700, 600 & the ultimate strong support at 540. If TSLA does not quickly recover 800 in the next few days, 540 may be the final destination. I dont think Elon will allow price to fall below 540. (Remember his tweeter offer was at 54.20?). Also 517 was a 0.618 retracement level from pandemic low...

xtremerider8

Update on my May 10 post that if 0.48 does not hold, 0.36 will be fast. So far XRP has been in a descending wedge supported by my GANN FAN line. XRP broke 3 very impt supports at 0.86, 0.60 & 0.48 after coming down from 0.915. If it does not hold the current 0.36 level, my max pain green zone at the 0.32 to 0.22 levels will be fast. This will be a great place to...

xtremerider8

Gold already reached my first target at 1833, a 0.618 retracement from top. Due to oversold RSI, it may make a relief rally to 1900 before going down again to retest 1800. Holding 1833 or 1800 will let gold go back to retest the double tops. Worst scenario although less probable: If 1800 does not hold, we may even be seeing 1700 for gold. (All in one big trading...

xtremerider8

My XRP update: XRP may have completed a M-pattern retracing to near 0.48, exactly 1.227 of the big rally from low to double top. We may have entered an accumulation zone already. If my max pain at 0.48 does not hold, a fall to 0.36 will be very fast making a bottom-reversal. Not trading advice

xtremerider8

GALA already reached retracement to FIBO 1.618 level. However it may still make a double bottom first before attacking the green resistance zone. Reclaiming this will still encounter the big yellow resistance zone where the VWAPs are located. Sell zone will be the red zone. See chart. Not trading advice

xtremerider8

ALGO is one of the rare cryptos still making a HHHL it is now making a rising wedge. 0.68 must hold or else it will risk going back down to retest previous bottom at 0.54. Holding 0.68 may see next resistances at 0.80, 0.90 & the 1.00 to 1.03 zone. See chart for possible movements. Not trading advice

xtremerider8

I just recently found this tool useful in timing the approximate time to be ready to sell or to buy BTC. If you backtest, it predicted correctly the 64k & 69k tops. However, during the 29k bottoming process, there was so much pessimism that the shorts continue for a while even after bottoming. But then there was already volume of buyers so BTC went up & the shorts...