moonman777

moonman777

Showing on a logarithmic scale this went all the way to the top trend followed by a push back down. Watching for a clean close above this trend.

moonman777 Updated 

We have Heikin candles to be a little easier on the eyes though we are currently ranging in a triangle and looks to be the last E wave heading towards the top trend line around the .236 Fib level. This successfully broke out of another wedge that ended wave D and brought this down to the bottom trend / resistance and looks as if its started it journey towards the...

moonman777

Waiting to see if this cup n handle will be verified as true, I'm skeptical though with the sharp decline back in Feb/Mar of last year invalidating it. This made a move yesterday exactly towards the bottom and bounced right at trend line indicating there is a good resistance down there. We have been range bound in the S&P for the past 14 days not making a move...

moonman777 Updated 

We got ourselves into another nice wedge and looking to go higher. If we close above the upper trend I think we can see it hitting the 50 day SMA again around 91.4 Other technical indicators are also looking good on the daily candles for an upside move. Curious to see if this will have an effect on the markets overall. That's all folks

moonman777

I love wedges for those who follow can't tell. They are one of the few patterns left in this market that still work not coupled with anything else. This has been trading sideways in a veil of volatility FED speaks and the world listens. Will this be cyclical, or is this across the board? Let's see. That's all folks

moonman777

It's cool to see the year long trends I've drew a while back still continue to act as supports and resistances with the action we've been seeing in SPX. Looks like there is a bullish W on the 4hr that has formed that can continue us to previous ATH or close to it. On the daily chart MACD, MFI and RSI all looked primed to lead this higher for possibly one last...

moonman777 Updated 

This looks like to be a valid cup and handle and personally with everything that I'm seeing across the markets I think this can be a last push higher. Naturally in this situation in the markets I'm bearish though this could be a last push.. maybe to ATH again Curious to see how this plays out.. That's all folks

moonman777

Naturally I'm bullish on BTC but who else isn't in the markets today. Since we've broken down from this ascending wedge it looks like we are trading in this bearish Elliot triangle pattern. I personally don not see it passing 58,000 which would be around the resistance of lower trend line in the wedge. Both MFI and RSI look primed for a little pump. How much...

moonman777

Looks like this has finally broken down out of a descending wedge and dropped below the nearest supports. The next level to look at is the .786 Fib level and the 50 day SMA. If it drops below that 50 SMA support then looks like we are going to the .786 Fib which would put us around a 11% correction. CPI is looking hot and inflation expectations are grounding a...

moonman777

We have a nice little ascending wedge going on here in BTC and currently bounced off the bottom trend. Looks to have the momentum to possibly reach new ATH around 70,000 a coin before retracing lower from the top trend line. With this going back up again what would it look like for the over all markets or other alt coins? What would be a catalyst for the other...

moonman777

What a time to be watching this thing go all the way up these trends. Gives a good perspective no doubt. Highlighted the gaps that have been made on the way up and shows the fib levels that correspond nicely to the different supports and resistances. Who knows the direction of this though we have 70 days and a 8% upside potential to the end of this yuge...

moonman777

This has successfully completed this triangle Elliot wave at the tail end of this larger triangle that GME has been trading in. I'm curious to see how this plays out and if there will be any catalysts that will make this move up further or make it go parabolic. I like the correlation that this has with the volatility index and also curious to see if this will...

moonman777

Im personally thinking that might be invalidated because of the sharp drop thats toward the beginning though if this isn't then the handle is officially broken. That's all folks

moonman777 Updated 

It's pretty common for BTC to have 20-30% corrections in a bull market and has been doing phenomenal with coinciding with previous run-ups. I believe this is the 4th or 5th correction to this magnitude. Things look pretty swell from where we came from this year and last and hope it can continue. We just had a crossing on the weekly MACD and things are looking ripe...

moonman777

Successfully broke out of this descending wedge and breaking past the 1/1 Gann fan barrier indicating possibly the start of higher moves to come if closes above barrier. What Biden just announces about raising capital gains tax definitely was a good little match to start a fire in uneasy markets. What this does is incentivize selling this year but we have to see...

moonman777

We are what looks like a perfect setup for an SQQQ rise which would mean a QQQ decline. Currently it's been trading in a descending wedge and about to cross over on the daily MACD. This is followed by low RSI and and some near term gaps that need to filled. I think the question is how far does the NASDAQ have to decline again for these gaps to be filled? Could...

moonman777

This week is going to be fun. Here we have an ascending wedge on the Nasdaq futures and looks like we are in store for some more near term downside. Most likely will slide down to bottom blue trend line around 12500-12400, also has been the support for this triangle we are trading in that starts with the ATH we had recently. Curious to see this play out... That's...

moonman777

Stoch, RSI, and MFI are all near the bottom, this was subjected to a huge sell off creating this large gap thats highlighted. How quickly will this gap fill idk. I do know that the recent block trade sell off by JP Morgan and Goldman could be a catalyst for more sell off in the near term. What took place Friday definitely rattled markets so who knows what will...