DollarCostAverage

DollarCostAverage

Looks like we got the false breakout of the bearish, rising wedge, and it turned into a sharp reversal. That was the worst thing that could have happened. Probable path depicted. #bitcoin

DollarCostAverage

Based on volume, #gold has already built up more base than what was needed down at the $2,300 level. Wash out the weak longs, rinse and repeat.

DollarCostAverage

NASDAQ:TLT is only 8.55% off major all time support. For a precious metals miners investor, being down 8-9% before going up is the same as putting socks on..easy. Risk/reward looks in favor of accumulation here.

DollarCostAverage

History doesn't ever perfectly repeat, but it certainly rhymes. Rug pull imminent. Few are prepared. Rising wedge. Dropping volume. Bearish divergence with daily RSI.

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Or are we really just getting started? A quick analog analysis from 2005 on the logarithmic chart says otherwise! In fact, we are following the same script!

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Probable support, and short target depicted. The rising trendline has been breached.

DollarCostAverage

Here is the daily version of the chart I just posted. The 4 hour charts don't work very well when you want to come back and check on them later.

DollarCostAverage

This is starting to look like the 2021 top. We have way over extension and negative confluence on all time frames. And now, this is looking like the last chance for a bounce before utter destruction. Yikes!

DollarCostAverage

Posted this for a follower on twitter: I'm default bullish when price is over weekly EMA30. I've seen a lot of charts with this set up recently. If you think price can higher than all time highs (upcoming catalysts, macro), then buying anywhere here would be a good DCA starting point. Lowest risk entry shown. $ivn.to OTC:IVPAF

DollarCostAverage

Few understand this. Few are talking about it. Won't be long until the bloodbath begins.

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Here's a possible target. Also not shorting, but will upload to Tradingview to check back later. Seems like a good risk-on rollover indicator. NASDAQ:COST

DollarCostAverage

To me, it still looks like retesting pink channel is taking place. Not sure if it is some kind of risk-on leading indicator or not, but we'll find out soon!

DollarCostAverage

Not a good sign, if a 4/4 record of kicking-off a bear market for #bitcoin is any indication. #btc #ripple #XRPUSDT

DollarCostAverage

Just providing an update on the daily, for those watching.

DollarCostAverage

So far, looking like a textbook false breakout, and back inside the purple channel! Rejection. One more trading day left to confirm short position initiation. Tight stops here. NASDAQ:MSTR

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We are about to begin a wave 3 that should break out of ascending triangle.

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Is rotating out of stocks and into #silver the Chad move here? Rising wedge, HUGE duration!

DollarCostAverage

Looking for reversal confirmation within 2-3 weeks. To confirm this negative divergence, I'm looking for: 1) another {three outside down} candlestick pattern to play out 2) followed by a break of weekly EMA30. From there I'll place my short with a tight stop. Short squeezes are usually done by that point. Let the chart do the work, and keep your emotions in-check.