PeterLBrandt

PeterLBrandt

I am interested in buying 20% to 30% corrections.

PeterLBrandt

In terms of the sentiment and character of the price action, it feels to me as if the current Bitcoin advance is at that point marked with red arrows from the two previous parabolic advances. The current parabola could correct back toward $30,000 without any damage to the market. The bull trend in 2015-2017 experienced nine corrections greater than 30%. The...

PeterLBrandt

Grab the bulls by the horns and you are likely to get gorged.

PeterLBrandt

We have a long way to go if previous parabolic advances are our guide

PeterLBrandt

There is a chance that Gold has completed a channel on the weekly chart. This should now set in motion the next up-thrust in Gold's bull trend. $GC_F

PeterLBrandt

The longest term charts display a multi decade Cup and Handle in Silver, best seen on the 100-year log chart. While I will not be around for it in my life, the target is around $100 per oz.

PeterLBrandt

The red parabola seems to fit the current healthy bull trend. A one-week pennant was completed on Christmas. The market is going up in a way that displays a buying program by strong hands -- that is, not aggressive bids, but market action where all offers are just immediately hit. The black line under the red line is the current parabolic advance on the weekly...

PeterLBrandt

To bet against U.S. tech in favor of India seems to be a losing bet to me. But surprises are called surprises for a reason. Should a trader buy the NQ and sell the Nifty in equal USD amounts? That would be my bias.

PeterLBrandt

The inverted H&S bottom in XRP suggests a target above 90 cents.

PeterLBrandt

Parabolic advances have characterized the history of Bitcoin. It now appears that another parabolic advance has begun. Support should exist on any substantial decline back toward the parabolic curve.

PeterLBrandt

Institutions are now involved in Bitcoin -- they were not in the 2017s Institutions mark the value of their assets on a monthly basis Bitcoin -- if the current gains hold through the end of October -- will post the second highest monthly close in history.

PeterLBrandt

A multi-year ascending triangle has been completed, with markets all the way up to 30,000. This is a major bull market. Purchases at a retest level of 15,000 are recommended.

PeterLBrandt

The Nifty is now pressing up against resistance as represented by the upper boundary of a rising wedge and the Aug 2019 low. The Nifty is on my radar for a short trade with over-weighted leverage. In order for me to establish a short position it will be important for the advance to stall out in the 10,600 zone and push sideways for a week or two. A close above...

PeterLBrandt

The Factor Weekend Rule, modified from the Richard Donchian Weekend Rule, specifies that a market making a new annual high, especially a new ATH, coming into a three-day weekend, has a 70% chance of a strong follow through early in the next trading week. The reasoning behind this is that only strong hands will hold and margin a position over a three day period.

PeterLBrandt

A number of Euro stock indexes are forming horn or sloping top patterns.

PeterLBrandt

This is a classic H&S bottom pattern. GBPNZD cross could be sleeper trend of 2015

PeterLBrandt

$ZS_F H&S top.