TheSwinger

TheSwinger Updated 

I've been bearish on RIOT since around mid April 2021. Since then, a few technical formations have occurred and I've detected potentially suspicious activity at Riot Blockchain. Main price objective = $2. Technical Observations: 1. Bearish flag formation from May 7th, 2021 to September 17th, 2021. The break down occurred on September 20th, 2021. 2. Bearish...

TheSwinger

The chart demonstrates a logarithmic monthly time frame point of view. The technicals for Bitcoin seem pretty solid as there was a confirmed breakout during the month of December, 2020. I believe this would be the start of a bull run that will last throughout 2021 and maybe 2022. Based on my current observations, I see a primary target of $60K and a secondary...

TheSwinger

I'm seasonally bearish on Ethereum. However, I'm bullish long term for legitimate projects under the Ethereum network. Please read the chart for details.

TheSwinger

Please see the chart for details. We probably get a throwback from here to 2910s. If the bulls are really strong, then we may take the alternate path as shown. They are just potential setups.

TheSwinger

There is not much to say here. The chart says it all. The Chinese need to prepare for the coming Yuan devaluation. Gold is headed higher as defense against this reckless monetary policy. I have a feeling that USA will follow suit. You can hedge against senseless money printing using gold. That's why the price of gold is going up lately. This trade war will...

TheSwinger

This post is just a minor possibility of what may happen. Please read the chart for technical information. The daily RSI (momentum) is on a decline with bearish convergence relative to price action. On Wednesday, October 14th, 1987 to Friday, October 16th, 1987 (three consecutive days), the S&P 500 declined by about 10%. Monday, October 19th, 1987 came and the...

TheSwinger

Remarks: I was too late for the post-triangle thrust. I just noticed it over the weekend 07/27/2019. Height of triangle ~ (202 - 125 = 77). Target ~ 169 + 77 = 246. The 1.618BC projection ~ 241. The stock hit about 240 at the high, which is pretty close thus far. Unfortunately, since I spotted this too late, a bullish idea may not be actionable anymore. However,...

TheSwinger

This post is purely speculative on Bitcoin's price movements on the weekly time frame. Long term is extremely bullish . Please read the chart for details. That's the bullish view. Now, for an extreme, yet bearish point of view. How can the price of Bitcoin plummet, say, to around $1200 or even lower? The Central Banks and International Monetary Fund (IMF) (all...

TheSwinger

In the chart you'll see 2 black curves. It may look like a Cup and Handle formation. However, it can't be identified that way because the Cup section (first black curve) requires a smooth rounded bottom. For the first black curve, the pattern was more like a double 'V' bottom that had a mini bull run on the break out from 3006 to 3019. Recently, we had a Handle...

TheSwinger Updated 

A bearish Running Triangle appeared on the SPX. Length of segment AB is 17 points. Subtract this from point E and you get about (3006 - 17 = 2989) target. This is a logical target since there is potential support just slightly below at about 2987. Using the rising green trend line connecting the 07/18/2019, 07/19/2019, and 07/22/2019 lows, you will be able to see...

TheSwinger Updated 

Inside the rising channel , a potential bearish butterfly pattern has appeared. If you're not sure what that pattern should look like, please consult Scott Carney's website for details. It's a 'W' type pattern. I will discuss two potential short entry points, but before I do, please note that a commonly accepted rule in trading is to NOT make an entry against the...

TheSwinger

A potential continuation symmetric triangle on the SPX. For now, very short term bullish. Target 3024 if the continuation symmetric triangle is confirmed. Bottom trend line started on about 06/12/2019 and hits the bottom of the triangle on 07/18/2019 @ 11:45am EST, thereby keeping this trend very much alive and intact.

TheSwinger

Bearish SHS on the 6h time frame for the S&P500 E-mini futures. Conservative target of 2935 (subtract approximate height of the head from the break out area). Aggressive target of about 2875 (50% retracement from the June 3rd 2019 low to July 15th 2019 high, which is the start of the expanding wedge in my previous post). The week of 07/22/2019 could get nasty. If...

TheSwinger

This idea considers both bear and bull cases. It also makes use of Elliot Waves (3-3-3-3-3 symmetric triangle wave structure), classical triangle pattern (typically a continuation type of pattern), and double top pattern. Bear Case: A potential double top may be forming (the two peaks are within about 4% of each other). Have a look at the rounded red curves to...

TheSwinger

Bearish Idea: The market seems to be inside a rising expanding wedge. I anticipate that the week starting on 07/15/2019, SPX will continue to rise and eventually reach the upper trend line. This is estimated to be about 3040-3050. The market may contain some heavy resistance and reverse from there. If the wedge terminates in that area, then the expected drop...

TheSwinger

Bearish Idea: The market is likely to make a decision very soon with regards to making new all time highs or to resist that upper trend line in the broadening/expanding triangle (daily time frame). My opinion is that SPX will resist around the 3010s area. There are many Fibonacci ratios and trend lines in several time frames converging in that area. Also, the...

TheSwinger

As you may already know, most of the market is in correction mode. Trade idea: All casino stocks are in a downtrend (e.g. LVS , WYNN, CHDN, etc.). They are part of the consumer cyclical category. In particular, try shorting NASDAQ:CHDN as it is lagging the others. Few things to take note of: Death cross 50d MA crossing over 200d MA from above Trend...

TheSwinger Updated 

An ascending broadening wedge has formed. I strongly believe NYSE:W will gap down to $85 after earnings (August 2nd, 2018), which is the 200d MA. Furthermore, I will make a shot in the dark and consider the extremely unlikely scenario (probability of 1%) that we gap down to $65, which is the bottom rising trend line of the ascending broadening wedge, which I...