This post is merely a follow-up to my December 2022 study and does not constitute financial advice. We now see the slope of the "Accumulation/Distribution" switching to the upside, meaning that a macro bottom has likely been confirmed. Any potential retest around the 20k level will be considered a long term buy.
- MAIN INFORMATION - Everything that follows is merely a simple study and does not constitute financial advice. Every first of the month, over the past few years, I take a look at a useful free indicator on the index chart of BTCUSD called "Accumulation/Distribution - with markers" to determine whether the slope is going up or down. When the indicator goes up,...
AMEX:JNK is an ETF that tracks rated high-yield bonds or "junk bonds". These are the bonds rated Ba1 & BB+ by Moody's Investors Service, Inc., & Fitch Inc. respectively. The bullish divergence with the ROC is pointing out that a bottom is near. Bonds bottoming is a good sign for the market and breakout to the upside should confirm a healthy uptrend for...
Ok so basically Dollar Milkshake Theory + Central Bank Incompetence + Monthly PA + Sep/Oct 2018 PA = bottom not in. Oh and also a giant global debt bubble (good luck using credit or cash when this pops). BoE bond buying will accelerate GBP collapse along with other currencies since its inflationary. Also, Fed won't pivot and will only neutralize the market up...
This monthly chart of Bitcoin shows we're either setting up for a Bull-Flag breakout, or potential breakdown to re-test the $15k-$16.5 lows. Either way, I think the bottom is in or almost in. The big questions is whether we see the re-test like in the 2015-2016 bottom, or push through and never look back like in 2019. If we push higher here and have a daily...
Looking for a retest of some higher volume nodes higher. I like the formation here with yesterdays drop into a roll over with bounce again. Much healthier formation and potential base to move higher from. Have some high volume areas that may be resistance on the way up. Orange lines are weekly POC's and yellow are daily POC's. I'm long at 0.775
As you can see in the chart, natural gas had a big downside movement for the last months. Now It looks like the bottom is printed so I will consider entering a long here with targets 3.11$ and 4.69$ . You can see apart from the Bullish Divergence that It is starting to show a lot of strength, you can observe a gap-up between 2.314$ and 2.415$. For the buy...
If I hear "The bottom is in" one more time I'm gonna run my nails down the chalkboard before erasing the rest of Bitty's vaporous LT gains. It's a BEAR MARKET and the carnage isn't over, but bulls never learn and the fundamentals mean nothing to speculative and pleb news craved junkies. 1. Long bottom wicks ENGULF, more times than not. So guess what? More down...
Hey Traders so today it looks like on the charts the US Dollar could be forming a bottom. It's funny because in the last video I said crude and commodities could be bottoming. But in trading you should never get too bullish or bearish. Never look at the market from only one side because history shows markets are always changing. When we take a risk in my opinion...
Just posting this for personal use... This is not an idea Trade safely
GBPUSD is forming double bottom pattern on daily support level after breaking daily uptrend ...expecting up move up to next resistance level with good long trade with good R/R ratio...be safe...
FSLY is reporting earnings today AMC (After Market Close). In the last 2 days, it gapped and short up a whopping 36% from 9.87 (last Friday's close) to 13.43 yesterday. Could it be accumulation by those who might already 'know" that earnings could surprise to the upside? However, at current price, whether FSLY continue to run up after earnings or "sell upon...
Now, the Monthly chart is nothing to F with! Take a look at the RSI with it at the bottom by the blue line, every time it was down there the next move up was a Bull run. The Stochastic RSi is already curling up with the mouth opening about to gasp some air as it heads to the up side. Can we see continuation? KKEP AN EYE ON THIS! A lot point to a Run to the...
BTC usually rises up ~170% fom its bottom till the next halving date. Then breaks its previous ATH around ~1/5th into its next halving cycle (red line)
XRP from the first ath to the bear market bottem i drew some fibs. extending them to the 1 , 2 and 3. i found that we bottem every cycle on the exact same week. will this play out 3times? a 3th time who knows xd
In this video; I discuss the similarities before the FEDS FUNDS rate and SPY. Watch to find out!
Putting on the same chart the S&P and fed rate the last three market bottoms happened a year and a half after the fed funds rate peaks. (589 days avg.) That would put the next one in September 2024
Has SP500 really bottomed? This could be inverse head and shoulders chart pattern if I'm seeing it right. :-) There are set ups, market sentiment has improved, FTD day - check, net highs and lows positive, some stock got clobbered during this correction, no one believes this is beginning of new bull market (me neither, but technicals point that we might just have...