I think it's another objective short, ratio charts look promising for a large move down either before or after earnings on the 28th. Good luck!
With the world economies weakening, interest rates rising, equities tumbling, and inflation running rampant; I have been forced to generate a few panic support levels for BTC. The chart above illustrates a ratio analysis study of the major corrections from the 2013 and 2017 Bitcoin highs. By extending the ratio's of the former corrections we are able to generate...
Looking at the daily chart on Spotify, we can see a clear five-wave decline from the November 2021 highs to early May lows. We believe that a correction should take place, and recommend to go long at market, with stops below 89.00, targeting at least 140.00.
For Gold to aspire to the heights that its evangelists have been spouting on YouTube and various forums, I would argue we need a $USD breakdown . (I often think the only monetary gains these people are making from their advice are click revenues.) One reasonable way of portraying Gold's future is illustrated by the Gold/DXY ratio. $USD's recent strength...
After alot of losses,, losses at -3.8% The market later moved in my favor
Just an interesting ratio to watch, I saved a lot by moving from LTC to XMR by watching this. Possibly time to very slowly start moving back to LTC. Keep in mind XMR has a much lower circulating supply, so this ratio could get much lower.
Gold - Silver ratio at 20 year highs - short gold vs long silver adding to risk as recovery horizon becomes clearer. Very long term chart here .
A great way to play crude recovery is long CRAK - the oil refiner ETF vs short SPY (overall large caps). Refiners have better margins with low oil prices and looking at their margins is a good way to gauge the demand for physical. The ratio has broken 0.7 and I expect to see it at 0.9 or a 30% return as recovery gathers steam.
Long Gold stocks HUI and short Financial XLF ratio close to 15 level breakout. Above and we are off to the races. Note the post 2008 crisis long term outperformance.
Wall Mart NYSE:WMT is making new all time highs - interesting to monitor the WMT / DIA ratio as a potential long term equity lows indicator. Close but still not there.
---------------------------------------------------------------------------------------------------------------------------------------- -------------------------Observation------------------------------------------------------------------------------------------------- Price Increase 1: 3,291% Price Increase 2: 1,641% (50% less than Increase 1)...
OMGBTC 5% of depo signal / wait to buy sharpe / -3.72 sortino / -0.59 24high / 0.0000243
#theminimalist AEBTC / 5% of depo / strong buy sharpe / -3.76 sortino / -0.60 24high / 0.0000749
Doji formation in one of the most powerful zones i have in the SPX, lets see how this one plays. Meduim term trade.
Structure with fib clusters. Still a valid bat, but i require the C leg to touch 0.618 to be a valid bat to me
Even with all of the Craziness in 2018, one of the things that still held true was... ...Bat Patterns! And right now, you have a very nice potential Bat Pattern setting up on the EURUSD. The completion point is at 1.1474 and minimum stops should be above X (my stops are 1 Atr above X at 1.1512. Potential T1 is at a 38.2 Retracement of A-D and T2 is at a 61.8. As...
Since the initial price break, LTC has just checked into the original bullish support as we got dragged down by the King, BTC. It is a very interesting place we have stopped as this happens to be the crossroads of the bottom support of the pennant and longest bullish support line. As long as it holds, it should send us up and out of the triangle. A lot of longs...