peterbhc

peterbhc Updated 

SOXS is getting ready where, 3 other times this year, has bounced to great gains all above $62, double move. Watch for reaction in the next few days.

peterbhc

ES1 is at the top of a parallel channel. Daily Candle close may indicate direction. Currently a pivot candle spinning top is forming, which can indicate a reversal. Watch for close to see if the channel is broken above or not. Good Luck

peterbhc Updated 

NQ1 is encountering resistance near the 0.618 fib at 11,800. Bullish move continuation needs to break above this channel. However, selling pressure may pick up here after a daily pivot candle appears.

peterbhc Updated 

BTC is trading in this channel. WHITE TENDLINE broke down, 1H candle may close under. Once bottom channel is lost, look for previous low to be tested.

peterbhc

Is DXY ready for a correction? In May, DXY 1D RSI was this low and the relative strength improved and stabilized over a period of days before moving higher. Keep your eye on DXY to see if this level becomes a base low? Good Luck

peterbhc Updated 

ETH has lost $1250 support level. Daily candle close below will confirm test of $1000. Once $1000 is lost look for a new low. This could happen quickly so be ready for a breach of $880 and the liquidation candle. Good Luck

peterbhc

Monitor daily candle close above or below 1D MA50. That should indicate direction, either lower lows or to macro trendline. Good Luck

peterbhc Updated 

I am expecting a rejection on this trendline and the rally to end today. Watch Daily candle close below. I am expecting to see a sell off to new lows. Good Luck

peterbhc Updated 

Not that we are at the bottom yet, but whales are beginning to accumulate. I believe there will be more downside over the next few weeks. but when this is up 32% already today, somebody sees this as a buying opportunity. notice the pattern, 2 large buying days plus 40 days from the first large purchase date, has signaled a local ETH bottom. Following that...

peterbhc Updated 

Watch the $110 level for an impulse that could cause DXY to complete blow off top. I am expecting a $118-$120 target in the near term to become the bottom of the asset market. Good Luck

peterbhc

Watch for ETH to complete inverse head and shoulders and breach 1600 for a push above $1630. There I will look to see what develops. As for now I am anticipating a SHORT up there. Good Luck

peterbhc Updated 

ETH is close to a local top. I expect an impulse to around 1700 before heading down. 1D MA200 and Macro trend will act as areas for selling. Good Luck

peterbhc Updated 

I am looking to SHORT MATIC above $1.18 (upper test) after one more high is created. Distribution for MATIC here. Good Luck

peterbhc Updated 

I see DXY coming to a conclusion and forming a distribution top. Still need to break above to upper test and then a final UTAD to the upper channel. After the UTAD, that should be the end of the bull run in DXY. Good Luck

peterbhc Updated 

Ok, This rally hit a wall! Why am I bearish... As you can see the 50% retrace is tested and closed below. The price hit upper resistance of rising wedge and upper BB. The daily cloud is no where near a green twist and is encountering resistance at the bottom of the cloud. Notice the descending YELLOW trendline is acting as resistance. I believe S&P will head...

peterbhc

Will ALTSEASON pump to the MACRO TRENDLINE where the MA 200 is? I find it very interesting that the ALTs are rallying during a correctional phase in the markets. I will take the pumps Long and Short while the opportunity is here. But there is a good chance they continue to move up before rejection or advance off trend. Good Luck

peterbhc Updated 

1D RSI on BTC.D has cooled off and entered a range to begin advance. I am expecting dominance to test the RED descending trendline and break above. On the weekly I am seeing Accumulation Schematic #2 occurring and last point of supply about to conclude before a bullish impulse. the 50% retracement from recent low to high is currently being tested. Good Luck

peterbhc Updated 

SQQQ Wedge Breakout, this one could be a large impulse up to +$70 range. I entered LONG at $51.80 Good Luck