This post is an idea I had about predicting this Bullrun cycle top using the previous cycles pattern. The general rule of the pattern is: - Bullcycle last 1065 days - Bear cycle lasts 365 days Knowing this we can predict that the end of the Bullrun will be... OCTOBER 2025. Meaning we have 670 days remaining. Estimating the peak price of BTC is a bit more...
Corrections both lasted almost a perfect year. People are beginning to accept the 4 year cycle based on the halvening. 3 years of bullish action, 1 year of bearish correction. If the top trend line remains valid into the next bull run, there is a case for a 240k coin. This would land the price action somewhere between the 2.618 and 3.618 fib extension. ...
Look what we have here. Incredible price action from this stock.. what should you do if you hold it... or if you are feeling #FOMO maybe this idea will help. Inverse Head and shoulders there for all to see.
Papa Powell might be the catalyst for final blowoff top. Massive surge to 5K is within striking distance. Breakout above B-bands is unusual and virtually always rejected. Watch for it. From Weds PM 31st until Friday noon we could well see ATH. So many bears now, "It just can't get any higher!" But it can. Beware.
Traders, It has been an amazingly bullish last couple of weeks both in the stonk world and in cryptos. In this video I cover what has occurred from a technical basis and what I think the charts are now showing us. In short, stonks look to continue their upward trends but crypto is less certain. I also wanted to explain why I went short on a few trades. What was I...
Traders, As expected, SPY bounced off of that 200-day SMA and performed a classic retest of the underside of our previous support, the neckline of our H&S. Now, the only question that remains is do the bulls have enough in them to break back above or do we remain on the underside of this neckline and potentially drop back down ...maybe even breaking the bottom of...
Traders, With the dollar and VIX down, there are no surprises with our SPY chart showing a nice big green candle on the daily. The question remains though, will we stay in my channel and above the 200-day sma or will we continue to proceed down to the H&S target of 410? My best guess is that we'll remain in our channel. As postulated previously, the 200-day SMA...
Traders, The dollar is now starting 12 weeks of green. You can see that today it has touched the top of its channel and that has acted as resistance. Additionally, the RSI shows that the dollar strength is now over-extended. I smell a pullback coming very soon. Possibly before the weekend. The SPY (which correlates in part with other major indexes) has this Head...
Traders, In yesterday's post, I hinted at the fact that it looks as though SPY's upward trend, irrational as it may seem, will continue, fulfilling my blow-off top thesis. I still believe this to be true. However, along the way up, there will be obvious pullbacks. We now have what looks to be a completed H&S pattern formed on SPY. Currently, we are testing this...
Traders, For the last year you have heard me preach this blow-off top. So far, we've nailed it. Today, the FED decided to continue the pause. No surprises here and it turned out to be a non-event in the market. The FED knows that they are "this close" to breaking everything. Macro-economically, we are on the brink of disaster both nationally and globally. Many...
Traders, In my last post I alluded to SPY. I stated that it remained in breakout territory which is still true today. I stated that as long as we remain above 450, I remain bullish. Still true. In fact, all that has happened here is that we have a classic retest of previous resistance taking place currently. If we break below, another story may unfold and I will...
Traders, There is now an amalgamation of indicators on a plethora of charts confirming the thesis that our blowoff top is now underway. On this chart, you can see that our candle close today confirms the breakout and significant move upwards. At the same time, our dollar has broken a very significant support, the neckline of a large and ominous head and...
Traders, Drop it like it's hot! The U.S. dollar ain't waistin' no more time up here. Pending confirmation on the daily, the Head and Shoulders pattern will be in play. As long as the VIX stays low, stocks should follow the blow-off top price action that I have been preaching about for over a year now. If you'd like to know when the dollar reaches it's target...
Traders, It is always amazing to see properly researched TA play out as it indicates it will. In this case, the target seems to be following precisely the previously drawn arrows. Now, we will be testing that neckline on our H&S pattern again. My expectation is that we may incur another slight bounce there before finally breaking our long-held strong support,...
Nifty has formed a perfect blow-off top indicating a sharp fall to happen very soon and retrace the entire blow-off top pattern range
Traders, The Dollar really wants to make sure that its resistance overhead is legit. From a technical perspective, I love this! Should the dollar remain below my macro uptrend line, it will be all bulls for the next few weeks/months in the U.S. stock markets. The dollar should continue its sideways/down movement during the same interim. If the VIX is any...
Massive blowoff move likely signals at or near another top. We have a three drives completing here near TL and just over the 200 DMA. The usual bottoming behavior is to form an inverted H&S. Look for it. Would not load up on longs here near exhausted RSI IMO. GLTA
March 2020 Lows to Nov. 2021 Highs 50% Fib retracement hit couldn't be more perfect!