Saw an advertisement for AVAX on the subway. AVAX is finishing up a WXY correction with bottom targets near ~$7. Weekly rejection off the 20W MA, 1.618 fib, bearish continuation, fib ring cross, and inside candle should indicate more downside coming for AVAX.
Bearish retest of the 21W EMA with a bearish engulfing weekly candle + inside candle suggests more downside is coming for BNB. The scary part about BNB is… there’s literally no volume recorded on BNB until into the $40’s. First stop is the 200W MA and VAH at $187 On BNB/BTC there is a weekly shooting star + bearish continuation + monthly gravestone doji in the...
Bitcoin notches it’s largest weekly volume candle recorded in history on Coinbase. Over 400,000 BTC traded! Additionally, first weekly close under the 1.618 fib at $18,300. Price was anchored to that fib until FTX went tits up, and now the bulls have lost the 1.618 fib. That should be the trapdoor opening for lower BTC prices. Price has respected the .236 fib and...
DOT could be trading in a 1:1.618 ABC expanded flat correction with bottom targets at the cluster of fibs/support at ~$4.3. Dot just crossed another fib ring, so good chance the breakdown is coming soon. Looking at the volume profile, the most amount of DOT accumulated was also at $4.3. As DOT capitulates, I'd like to see more volume come in to signify a bottom.
Maybe not generational, but a significant bounce across all markets is going to happen towards the end of 2022, Q1 2023. The companies that run every aspect of our lives will be on a >50% discount across the board. MSFT could be trading in a WXYXZ correction with bottom targets around the two clusters of fibs at $186-$195 and ~$165. Looking at the fixed volume...
It just so happens that SPX tagged the 2020 Bull Run VPOC, 20W MA, and there was another interest rate hike of 75 basis points. I'm not ruling out more upside at the moment. Taking a look at the Weekly RSI and Weekly MACD, there is weekly bullish divergence off the 200W MA, so perhaps there's a run up to the American Midterms to make the current administration...
Quarterly + Monthly Bullish Divergence on the same support level at 39.34%. Would not be heavy on alts here.
LINK has crashed more than 90% from ATH, and I think the cycle bottom could be close. LINK could be trading in a 1:1.618 WXY correction with the bottom target being at $4. I wasn't sure how to dissect the past few months of sideways trading except labelling it as a possible wycoff accumulation with a secondary test coming. $4 also happens to be a high volume node...
Intel has been trading in a range for over two decades. Most recently, INTC has fallen below below its Value Area High, and will most likely tank ~20% to tag it's VPOC at $21.4 which falls in between the Golden Pocket before a significant bounce. Let's see where INTC will be at when SPX is around ~3,200. Monthly RSI is now oversold for the 1st time in INTC's...
So far, SPX is getting a nice bounce off its 200W MA. This in my opinion, is a scenario that would screw over the most amount of bears and bulls. SPX could be trading in an expanded flat correction meaning we're about to witness an impulsive 5 waves to the upside to around $4,300-$4,500. At that point, I'm pretty sure everyone is going to be screaming all time...
Litecoin has historically underperformed bitcoin by a country mile. Litecoin even failed to make a higher high back in November 2021. Short to medium term, I expect Litecoin to nosedive off a cliff along with bitcoin and SPX. But zooming out, Litecoin could potentially be trading in a running flat correction that could have Litecoin bottoming out between...
A roadmap to 160 on SPY. Wave A of a mega bear ABC correction will end anywhere between 270-320 on SPY. Wave B of a leading expanding diagonal tend to be violent retracements back towards previous resistance levels i.e. 390 before an impulsive Wave C that should see over a 50% erasure of the value of U.S. equities. A 1:1 ABC should put SPY at 224. A retest of...
Unless SPX manages to close a weekly candle above the 1 fib at $3,731 which SPX has been getting rejected by all week, the 200W MA isn't going to hold. Price action this week has me very convinced the 2022 stock market crash is a leading expanding diagonal which generally means wave 5 breaks below wave 3 and is generally the longest wave --> Pain incoming. There...
Before the merge, the narrative was future technology --> ETH go to moon. Now everything is a scam and going straight to zero. Cool, but I think a nice long trade setup is forming here on Ethereum. Ethereum is very close to tagging it's 200W MA at $1,278. Support is at $1,280 along with 2 fib levels at $1,211 and $1,251 as well as a high volume node at $1,216....
Some say Shopify is the next Amazon. But even in the early days, Amazon stock crashed 90%. So will Shopify down to the .618 fib, 1.618 fib, and high volume node.
Looks like fancy titles like Dividend Aristocrats, Kings, Zombies, etc. don't mean much when everything is nosediving off a cliff. Looking for the end of a 5 wave impulse and a buy entry at ~$83 where 200M MA, 2020 bottom, High Volume Node, .618 and .786 fib are located.
The Japanese Yen is in uncharted territory with the Dollar absolutely POUNDING the Yen into submission. Today was the first time since June 1998 that the Bank of Japan announced it would purchase Yen in an attempt to slow down the depreciation of the Yen. Nobody gives a damn about Forex, so why is this important? Well 1) Yen makes up the second largest weighting...
It seems like everyone has officially hopped on the bear bandwagon just looking at the Put/Call Ratio at 1.3. But, I don't think shorting support (200W MA & 2020 Top) is a good idea. Could be wrong. This is a layout of how I think the Dow Jones crash could unfold. A leading diagonal for Wave A ending at a high volume node, fibs (~$26,000), then a violent retest of...