The Big One. The big question. Buy or sell? A question is easy. An answer can be hard. Most of us here trade because we believe we have a grasp on the answers. And we have several methods on our toolkit to reach a conclusion. One of these methods is belief . That's what we gamble upon. Belief on indices, stocks, ETFs, currencies is what makes us buy them and...
Since progressive negative views about the world economy - altcoins have underperformed significantly against Bitcoin. This includes Ethereum, which many thought would have been a lot closer to overtaking BTC by market cap at this point. The following fundamental and technical reasons are behind my bullishness on ETH/BTC: 3 main TA points - Bullish ETH/BTC...
The markets simply refuse to give up. The birds are speaking to them, but nobody listens. Gold, still living inside a massive bearish wedge pattern, is almost ready to print a death cross. The 1M, 2M and 3M timeframes print a similar picture. The 2M chart is beginning to give in. Volatility between MAs is keeping these still glued together, unable to figure...
Yesterday I threw away all the indicators I have been using. A lot of dirt has cluttered my screen for too long. I have also made many custom ones, I threw them out too. But I kept just one, a moving average. Every* indicator refers to price after all. In the end, price discounts everything. No price indicator can tell us something price doesn't tell. The...
American stock exchange According to the previous analysis, the stock index was able to touch the ceiling of its 170-day ascending channel. Currently, the current candle is being modified. You can wait until the yellow line to enter again. And if you are a risk taker, wait until the purple line. Or enter 50% on the yellow line and the remaining 50% of the position...
Taking a look into Apple, we have some indicators that we may see some selling here soon. It has formed a descending channel. Indicators: - MACD is in an average area of a bullish move before a sell off. - RSI slightly surpassed the last high of Aug 2022 but it is still not overbought yet, we simply have room to head down if it does. - MFI (Money Flow Index)...
Nasdaq analysis Since December 28, 2022, when it touched the bottom of the ascending channel, it has continued its upward trend for 153 days with a relatively good slope of 24 degrees and has grown by 29%. Regardless of the current candle, the limits of the index can be considered between the midline and the ceiling of the channel (12793 to 13647). According to...
It doesn't get more simple than looking at this Monthly Chart going back over a decade. You can clearly see the incredible uptrend and the True Strength Index, although having shown a bearish divergence since Jan.2022, the TSI has barely broken the Centre line and is now about to turn back above. This New Bull Market should last through to the end of 2014. Just...
Greetings, A mirror to my tableau painted for Bitcoin, I surmise that the Nasdaq is engaged in the theatrical rendition of a cycle degree fourth wave. Historically, these fourth waves are prone to a tactical withdrawal into the realm of the prior degree wave four territory. In this distinct instance, the territory in question lurks in close proximity to the...
The graph presented analyses SPX, IXIC and IWM; by valuing them against bonds adjusted dollar and gold. For explanation refer to the graph tagged. Thanks!
Hi, DXY (Dollar Strength Index) / GOLD compares USD's performance against the number 1 most correlated asset with BTC --> Gold . DXY is negatively correlated with BTC . The idea is when DXY/GOLD is bullish - USD rises , GOLD falls or both ; which is bearish for BTC . When DXY/GOLD is bearish - USD falls , GOLD rises , or both...
There is a breakout to the upside shown by the downward-sloping white channel. This marks the beginning of the bull run. The graph is adjusted to volatility accounting from coins' dominance, and economic changes (through accounting for dollar, gold, and bond movements). This graph is universal, use the equation or the graph as you see fit. The dollar value of...
An idea for IXIC showing a strong trend line in white that should be respected. This works well with a double top, a bearish pattern. A channel can also be drawn encompassing the double top. I have posted key price points with the labels.
We're taking a look at Apple here. This ticker has been known as a quality stock that investors flock when other tech stocks take a hit. MACD is playing right there in the middle and this could go either way. Money Flow Index is showing that there could be more up to go. Markets have been rocked by the recent banking crisis that is still not over. We're now...
NASDAQ - 24h expiry - We look to Buy at 12892 (stop at 12822) Posted Mixed Daily results for the last 6 days. Bespoke support is located at 12892. A move to 13153 will form an intraday bearish Gartley pattern. Preferred trade is to buy on dips. Dip buying offers good risk/reward. Our profit targets will be 13153 and 13235 Resistance: 13100 / 13153 /...
NASDAQ - 24h expiry - We look to Buy at 12829 (stop at 12694) A Fibonacci confluence area is located at 13360. Continued downward momentum from 13238 resulted in the pair posting net daily losses yesterday. The move lower is mixed and volatile, common in corrective sequences. Bespoke support is located at 12829. Preferred trade is to buy on dips. Our...
NASDAQ - 24h expiry - We look to Buy at 12677 (stop at 12577) Traded to the highest level in 30 weeks. There is no clear indication that the upward move is coming to an end. An overnight negative theme in Equities has led to a lower open this morning. Bespoke support is located at 12677. 12682 has been pivotal. Our profit targets will be 12927 and...
In early February 2023, we outlined how earnings recession was becoming more apparent in the tech sector, with a myriad of companies reporting massive declines in net profit on a yearly basis for 2022. Now, with the upcoming earnings season for the first quarter of 2023, we do not expect the corporate figures to get any better. In fact, we anticipate further...