Did you notice the weekly chart print on the GRM? The (deep breath) “Golden Ratio Multiplier Multiplied Moving Averages” indicator is a much unloved indicator with only 270 likes since June 2019! I'm guessing that is about to change after you read this post. What is it? The indicator uses a moving average that is very close to equal on the growth of Bitcoin as...
But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...
On the above weekly chart price action has corrected 97% since September 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action confirms support on past resistance (see arrow). Look left. 3) GRM support has already confirmed. 4) The falling wedge...
On the above weekly chart price action has corrected 96% since April 2021. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action prints a double bottom on past resistance. 3) The bull flag breakout with confirmation. 1000% forecast. Is it possible price action corrects...
On the above 4-day chart price action has corrected over 90% since the sell signal in August 2021 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 80 day period. Is it...
On the above 3 day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, they include: 1) Price action and RSI resistance breakouts. 2) Trend reversal, higher highs higher lows replace lower highs lower lows. 3) Support and resistance, the black arrows, price action has confirmed support on past resistance. 4) The bull...
On the above weekly chart price action has corrected almost 99% since April 2021. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance (green channel). Price action confirms support on past resistance. 4) A...
On the above 4-day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance (grey bar). 3) The falling wedge pattern forecasts a move to the $200 area. Is it possible price action corrects further? Sure. is it...
On the above 3-day chart price action has corrected 96% since the awesome sell signal back in March 2021 (not shown). Now is an excellent moment to be long. Why? 1) A break out from price action and RSI resistance as price action falls on historical support. 2) Multiple oscillators printing bullish divergence over a 7 week period. Amazing. 3) The target is $8....
On the above 6-day chart price action has corrected 97% since August 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Stochastic RSI resistance breakout. 3) Regular bullish divergence as measured over the last 2-3 months. 4) Falling wedge breakout + support. 100% upside target projected. Is it...
On the above 5-day chart price action has corrected almost 80% since the 500% move from the previous idea. Now is a good opportunity to go long. Why? 1) Price action and RSI resistance breakouts. 2) Trend reversal, higher highs and higher lows replace lower highs and lower lows. 3) Price action finds strong demand on past resistance. Orange circles. Look...
On the above 4-day chart price action has corrected by 95% since a sell signal printed. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence. Look left. 3) Price action prints on support. Look left. Is it possible price action falls further? Sure. Is it probable? No. Ww...
On the above 3-day chart price action has corrected over 90% since the sell signal in October 2021 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period. The...
On the above daily chart price action has consolidated for approximately 20 days to form a pennant formation. A breakout occurred today. The pennant breakout occurs on past resistance, which now confirms as support. The forecast is straightforward enough with the flagpole measuring a 60% move to the upside. The target area is not to be confused with a market...
On the above 3 day chart price action has corrected 95% since early 2022. A number of reasons now exist to consider a long position, including: 1) Price action resistance breakout. 2) Trend reversal. 3) Support and resistance. Price action confirms support on past resistance. 4) There is no chart pattern or otherwise to estimate a target area so don’t ask!...
On the above daily chart price action has corrected 70%. A number of reasons now exist to be long, including: 1) You know why.. 2) Multiple oscillators print positive divergence over an extended time frame. Look left. 3) RSI resistance breakouts on both USD and BTC pairs. 4) The last time those conditions printed a significant move followed in the days...
On the above 1-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Broken price action and RSI resistance. 3) Price action is testing past resistance (green line), look at the weekly chart below. 4) Price action has corrected to the golden ratio (see weekly chart...
On the above 4-day chart price action has corrected by 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Multiple oscillators print bullish divergence with price action (orange circle) 3) Price action prints on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it probable?...