Hello All, I haven't posted an idea in a while. I've been working my trades hard ... averaging my base costs down to really good levels. My strategy has been to accumulate and work those base costs down to prepare for a bull run. OK, here is what I see ... based on sub-wave count, and some possible interpretations ... Blue wave in essence means the inverse...
Hi all, Here is a overview of NEO daily chart. - Set of 5 Elliot wave is being completed in this Bear Market - NEO at key long term support - RSI oversold at 27 - Falling wedge on RSI - Price compressed between support and resistance lines. /!\ Downward breakout - Target $25 /!\ Upward breakout - Target $83 This forecast is not a financial advice, study,...
If the "S&P 500" breaks above 2815, then the rally is going to continue strongly higher for months. But if the "S&P 500" declines and stays below 2725 until the end of August then there remains a risk of a large stock market crash. Short-term the market is oversold and could break out above 2800 or a little higher towards 2815. Mid-term the market is way too...
Dear all, Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart. Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50. This trade is driven by 3 main factors: - LTC currently sitting at key support $95 - RSI is oversold - RSI forming falling...
Dear all, Here is an update on BTC based on current downtrend and falling wedge patterns. We can observe that the angle of each falling wedge (correction phases) is smoother and smoother which highlights that the bear cycle is closing to an end. However BTC even with this triple bottom, can breakout downward this descending triangle to test $6,000 or...
Dear all, Short update on BTC, the rising wedge finally completed its retracement to the $6,700 area. Now we have 2 options: 1 - BTC candle 12h candle closes within 5hrs above $6,900 to preserve long term support In that case BTC will have performed a bullish triple bottom 2 - BTC candle closes below and it will visit lower supports highlighted on the...
Hi TV friends, A squick post on ETH, it is currently holding its breath in an symmetrical triangle. The whole market is holding its breath, low volume, low volatility and EMAs narrowing the market is close to a decision. For ETH: + Up breakout would bring us to next resistance of $630 (previous high) - 60% odds - Don breakout would brings us to next support at...
#DGBBTC has held up impressively well during this unstable market. It has been bouncing within a descending wedge and is now consolidating and forming a bull flag. The completion of this flag will indicate which way price action will swing. Stoch faced upward indicating an uptrend it to come. VPVR shows we are in the thick and have nice support here. MACD flat and...
The next weeks remain crucial for the "S&P 500" for the trend decision between starting a bear market or continuing the aging old bull market. The current trend bias as of this Thursday seems to favor the bulls, but the bears could start to attack as soon again. I hereby stay neutral and show two different paths where the market could move next from the upcoming...
Another critical level for Bitcoin as it is "trapped"! It remains yet to be seen whether #BTC will break out of it's shell for a midterm reversal or will bears bury it into the ground? We have all seen a lot of bull-bear battle going on with these insane spikey "pump-n-dump" and I also suspect there is a lot of manipulation underlying some of this in addition to...
What's going on guys, i made some little adjustments to the last chart. Looks like a Bearflag in the making right now, although one of the wicks would be cut off. We are sitting on minor support right now, it is actually holding up quite nicely. We may get a little side ways action and or bounce from here. I wouldn't pay it too much attention My target is to get...
The next 3-4 weeks are going to change the long-term trend direction of the "S&P 500". The equity index is now at the edge of the edge of staying within the uptrend or starting a bear market. On Monday, April 2, 2018 most of the European stock markets were closed and bears used this situation to drag the "S&P 500" strongly lower that day. On Tuesday, April 3 the...
The extreme selling has stopped this Friday, which increases the odds that the selling climax has been reached and shorts are getting closed before the week ends. Thereby increasing the likelyhood that next week is more bullish again. There is also a quant analysis which favors the bullish side on the Nasdaq in the next trading days, which would help the "S&P 500"...
Mid and long-term predictions for BTC: unbiased. We can see the indecision in the market and is it no surprise it is non-trending. This is another critical decision point and the upcoming move will be fate-determining for the value of Bitcoin -0.31% in the coming months. On clear breakout up with good volume or breakdown critical resistance and support levels...
Price at support, watching for a break or bounce from this level..
After another rejection off of daily support, the range for price gets smaller & I will be watching for clues to where price will go next for this week.