Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims...
The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down.
Today I use BTC / CNY on huobi for chart because it illustrates a...
Seems like the correction from the 170 low is almost done. We might see one last surge up towards the 240 range, but I think we will see new lows after this, possibly sub 130 if the correct dosis of panic is injected.
The correctional pattern seems to be developing in a regular ABC correction within the ascending wedge. I suspect a breakdown any time within the...
The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up.
Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...
The retracement from the 255 low seems to be completing at the moment, an ABC correction should be expected at this point. After this, we will resume the decline towards sub 260 prices to retest the lower trendline of the big descending wedge.
After the first corrective leg down (correctionA) there will be a correction to about 50% of the fall, this should put...
The TLT/SPX ratio has been a useful tool to anticipate market crashes in the past, and I'm seeing several signs suggesting a renewed risk-off period. This ratio broke a 28-month-long trendline in October after having hit its 2007 lows back in January. The 200-DMA provided support in November, leading up to the most recent market correction two weeks ago. The...
Apple has surged to new all time highs recently hitting 119.48. From these levels it has made a 5 wave sequence lower to 109.35 (a $10.4 move).
Currently Apple looks to be in a corrective phase higher as noted by the A-B-C labels.
Trade set up:
I expect to see a 5 wave structured rally to complete the C wave taking the stock into the sell zone identified between...
It is still too early to confirm that we have topped. For all we know we could be in the greatest bull market that has yet to come. The 1980's to 2000's was a very long stretch of bullish years. that doesnt mean we are going to have a similar situation. The chart aboce illustrates when the MACD 26 close over the 9, the Market has corrected/ crashed and vice versa...
This is a simple MACD analysis, to try an forecast a topping pattern before a crash, The safest and high probability trade for a short occurs when the MACD has a negative divergence highlighted in red circle and yellow divergence line. Since it has broken the uptrend support and it is coming back to test it close to the 0.236 fib retracement level. that would be...
A great indicator to determine the confidence (ie. risk appetite) of investors/speculators is the XLY/XLP ratio. XLY is the ETF for consumer discretionary stocks whereas XLP is the ETF for constumer staples stocks. In times of confidence, XLY should perform better than XLP because there is belief that the economy is doing well and that people will spend cash on...
Doom, doom, doom. I want you in my room...
Sadly the long-term indicators weren't lying. I pointed out one month ago that Bitcoin is doomed with many charts in the comments here: and this week my most bearish doomsday scenario of $333 triggered
So instead of publishing more charts as comments I give you my Bitcoin doomsday dashboard. The only reason why I...
Huge risk that Bitcoin falls much lower than $450.
Here is the past value increase trading range and resulting future value decrease possibility in this Bitcoin price channel.
Look at the "related ideas" to find more bearish ideas in my previous charts, especially this one:
There's a clear H&S forming on the 30min and I'll be building up shorts in the sell zone as I see signs of rejection and volume spikes on the 5 min. Retail shorts are now stopped out and some have even gone long on the breakout. Big boys are now fully loaded with shorts and are ready to take it down into liquidity next week!
Everyone is bullish because of the hammer on the daily chart, if so then why was the next day a down bar? They were selling at the top after squeezing the shorts and now prices will drop because all the sellers are stopped out or they went long at the top. The EU etf FXE was a "Bullish Engulfing Pattern" on high volume on the daily so most traders were bullish,...
In 2008, the IWM completed a head and shoulders top two months before the SPY and DIA did, effectively predicting the coming crash in the SPY. Is the same happening today?
Daily chart showing the formation in the S&P500 futures leading up to the crash of 1987 on Monday, October 19.
This is a reference chart for all to remember and take note of.
This pattern has revealed itself in many other markets, many other times and is a useful reference.
