NZD/JPY is currently trading in a bearish ascending structure with daily bearish divergence on both RSI & MACD coupled with a daily evening star off the 1.618 fib and daily bearish MACD cross. Weekly Shooting Star forming with <24 hours to close.
NZD/CAD is forming a potential Double Bottom within a descending channel at the .618 fib with daily bullish divergence on RSI and MACD along with a morning star reversal on daily TF
Rumors of an additional round of stimulus to stimulate consumer spending in China are starting to surface which is starting to cause a rise in Chinese stocks. Alibaba could be trading in Wycoff Accumulation, finding support at fib channel line/.618 fib. Also, Alibaba just crossed the 1.618 fib ring indicating volatility is on the horizon. Taking a look at the...
LINK has been consolidating for 287 days. This coiling of price action is going to lead to an explosive breakout any day now. LINK also crossed its 2.618 fib ring, and found support again on its 1.618 fib channel line. History doesn't have to repeat itself, but last time LINK crossed the 2.618 fib ring it pumped 150%. LINK/BTC is in an bullish accumulation...
Orange Line = SPX Blue Line = HYG/IEI = High Yield/U.S. Treasury Bonds Strong Correlation between HYG/IEI and SPX. Ascending Triangle pattern for HYG/IEI indicates more upside --> SPX to the moon.
Very low market cap crypto, targeting the .5 and .618 fib at $32 and $48 respectively
Head and Shoulders Pattern, Death Cross, Demand TL Broken, SPX getting rejected at the .382 fib indicates the bear market rally was simply a shallow retracement, and a breakout is coming! The target for now is the 2.272 fib at 4700.
US10Y finally catching a bounce at the 200 DMA with a daily hammer and bullish continuation in tandem with a DXY pump. Additionally, there is bullish divergence on RSI. Possible double bottom here. Something bad is about to happen. Delayed reaction to Apple/Amazon/Google earnings? Debt Ceiling "Crisis"? Ukraine/Russia Update? 666th COVID Variant? Won't really...
USINTR has hit the golden pocket ratio from 3.75%-5.37%. Monthly RSI in overbought territory. Expecting a series of smaller .25% interest rate hikes with USINTR finally topping out at 5-5.5%.
OCEAN has a set a temporary bottom at the 1.414 fib extension/.5 fib retracement. OCEAN is ahead of schedule amongst most cryptocurrencies with a bullish Golden Cross on the Daily Timeframe. Short term: OCEAN is very overextended, and having a low Market Cap, I expect OCEAN to correct much harder than blue chip cryptocurrencies like BTC and ETH. Expecting a...
FTM has put in a temporary bottom at .382 fib at $0.2 along the 1.618 fib channel line with Weekly Bullish Divergence finally playing out. I do expect the cryptocurrency rally to continue after a breather/period of consolidation. Expecting FTM to eventually make a 50-61.8% retracement back to $0.8-$1.12.
DXY tagging .5 fib and .618 fib/1.618 fib channel at ~102 with Daily Bullish Divergence on RSI indicates a pump is on the horizon.
Silver notching a Daily Gravestone Doji with bearish continuation in an ascending structure with Daily Bearish Divergence on RSI should indicate silver is topping at the .5 fib. If there is a fake out to the upside, I expect the .618 fib to serve as resistance. Expecting a retracement back to the 200DMA / 1 fib level at ~$22 .
The DOW has broken out of a rising wedge, backtested with a daily shooting star, and is on its way down. Daily Bearish Divergence on RSI. Expecting a retracement down to $30,000-$31,000
Some people see a cup and handle. Some people see an inverse head and shoulders. I see a company running out of cash in November 2022. In terms of T.A., it appears as if CLVS has finished a 5 wave impulsive move (500% pump) finishing at the 0.618 fib extension at $3.22, and is now in the middle of an ABC correction. At some point, I wonder if a 80% crash is...
I'm not a macroeconomics guru or T.A. guru, and these charts are weird considering the only timeframe we have access to is the monthly line chart +. USIRYY has wicked into the golden pocket + 1.618 fib extension with Monthly RSI going into overbought territory + Monthly MACD cross. I'd be a lot more confident about inflation topping with one more pump to the...
I see a lot of comments on social media platforms saying that people will start buying cryptocurrencies, growth stocks, and other risk on assets when the Federal Reserve pivots . Even Jim Cramer said it’s time to buy stocks when the FED pivots . Historically speaking, FED pivots preceded stock market crashes to a tune of -28.3% on average. Considering SPX yields...
Zero, but if crypto does collapse, everyone including myself will learn the the hard way it's not easy to get rich quick. That being said, taking a look at the weekly timeframe Bitcoin just got a violent bounce off the weekly logarithmic regression bands, and another bounce off the .236 fib level of the pitchfork. Regardless, losing the 1.618 fib is a back...