Hello Traders, Well I expect more down in the markets this week... Premarket has already started and it down over 1% already. We had some bad numbers come in late last week after JPowell FOMC. I have labeled everything pretty clearly.. All news, earnings, and astro events. We have a double hammy starting off the markets this week. We have a bear new moon in...
Hello Traders.. Wow what a quicky nasty selloff.. That's ok it was needed to propel us to the magic 6000 number. You can see were on strong trendline support from November and a nice 50% retrace level was completed. So I believe the selloff is done... And we head back up now and see us peaking early September near 6000.
Here is the NAS. I show the Full/Bear Moon Correlation as well. We just had a Full Bull Moon (Green Circle). I expect a bounce here which will also keeps the HL and start wave 5 up. Why? because this is an ideal place for wave 4 to end before the .382 fib. We are also on support and fib levels identify this as a possible reversal point. I think this wave 5 up will...
Hi Traders. Here I show a longer range forecast and fib levels (targets) once bitcoin breaks out of the bullflag which I think is possible this week! Once it breaks out of the bullflag there is no more resistance above. We also have a Mega Cup and Handle Pattern so things could be about to get very interesting for bitcoin with it hitting 100K in a short period of time.
Using Elliot wave, fibs, MA support, channels and more I show what looks like a local bottom for the QQQ. I expect the exciting wave 5 to begin next week and take us into Aug/Sep time frame. Many people are saying this is hit... always happens right before a reversal. These people take it to the limit so TA could also show a bear case... but once you put...
Hello Traders.. Well I think the time has finally arrived. Everything has lined up for this moment. I believe BTC is preparing to breakout of the massive Daily bullflag and hit ATH this week. Using Elliot waves it could fit perfectly with an ending wave 5 just above the ATH. Also we have a smaller bullflag and I show its target price. In addition I show fib levels...
Hello Traders. Using Elliot wave, EMA support, trendlines and more I show where I think NVidia is gonna head next. Semis have been beaten down recently and I think this is the bottom before resuming the bull trend. This is the point where if it drops more would signal bear and it likes to reverse at the last second I have noticed many times to fool bears. We also...
Using TA like trendlines, Gann Trend, CMO, RSI Average, and wave trends when looking on the Weekly I see a big up move coming. I can also see an up move coming on other timeframes as well. Could it cycle down again before the pop...sure.. but it looks to be soon. What will cause the pop? Im not sure but in 2007 oil started a big up trend right before a rate cut...
Hello Traders.... Today I show using pitchforks and fibs the future path of Bitcoin using the past. Everything is pretty self explanatory and I hope you enjoy. BTW, I also confirmed this idea using traditional TA and Elliot Waves as well.
Hello Traders... Using channels and fibs I show what I believe to be the path of the SPX into the election and New Year using the past as a guide. I hope you enjoy :)
BTC has taken a beating but using all my timeframes looking at the TA I believe bitcoin could launch from here.
On the dollar we now have bearish divergence with each up move wave getting smaller which means its getting ready to drop... I think this should be the last up wave before it drops, but it may have one more.
Ok... My last bitcoin I admit was premature... Wasn't the bottom yet... It was aggressive and failed. Hey I'm human and don't always get it right. Now after this latest drop I admit bitcoin looks a lot more healthy in order to be able to move beyond the ATH high now. The bottom should be here or around here. If we drop beyond the prior low then bitcoin has...
Going on my other bitcoin idea I believe the next leg up is about to begin and that this is the bottom. I think the launch will happen this week possibly even tonight. In addition to all my other TA another confirmation is just reading the Crypto chat... This is boring... nothing is happening.. it's all over. You know when that type of chat usually happens plus...
I clearly label everything so you can see that the January bottom setup is almost identical to now. First we have the moving averages distances including the 50/100 EMA crossover. Then we also have the bullish full moon which happens to begin tonight. Find out soon enough if the bottom is in now.
After consolidating for month and seeming like crypto has died out I believe we are on the verge of bitcoin reversing here and starting another leg up. Using Pitchforks, Trendlines, and fib levels I clearly show why I feel bitcoin has bottomed. In addition to about hit the end of the pitchfork bitcoin is on its last support...Looks like its about to die.. That...
BULL FLAG launch of Bitcoin should see a fast leg up to 75K then I see it coming back and testing ATH then going higher to 80K. I expect this move to be coming very soon. Using Channels, Fibs, And Elliot waves I show how I expect Bitcoin to launch here shortly.
Using history, EMA, Trendlines, and fibs I show that I believe oil will reverse course and start heading back down. This was just a relief rally like in the past as shown before it dontinues the downtrend.