1999 POINT AND FIGURE ANALOG 2,225 count line + (39 boxes*3 reversal*25 box size)=5,150 Actual intraday high reached on March 10, 2000 = 5,132 CURRENT POINT AND FIGURE CHART Campaign segment #1 target: 7,360 count line + (11 boxes*3 reversal *80 box size)=10,000 Campaign Segment #2 Target: 6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232 Box size...
S&P Reaccumulation Counts
By September 2016, JB Hi-Fi was flying hitting a high of $31. Over the next 6 months the stock would pull back and have a second attempt to rally to new high's without success. This triggered a sell off down to $21.20. By June 2017 we had seen an increase in supply levels and overall increase in volume until the climax. A nice strong automatic rally from $21 saw...
Just throwing this out there.... I am currently very bullish as long as bitcoin stays closed on weekly candles above 21 EMA around $9k. However, To stay neutral and open, I have to accept we maybe undergoing a very macro re-accumulation and all it will take is one very large operator to manipulate the very small float of bitcoin to stay within a very large...
Goldfields has broken out of a two (2) year TR and after a backup (BU) has started the markup. Recently after a buying climax, we are seeing a possible reaccumulation range. Some volume is again stepping up and we are looking for a break of the smaller TR for the next step up.
Good morning, traders. Price didn't close out the daily as strong as it started it, yesterday, but before you get too bearish let's take a look at the H4 picture. Stripping out most of the noise, this is what we get -- price nearing daily descending resistance while printing a possible descending wedge. We can see supply volume contracting significantly as this TR...
Good morning, traders. It seems that right as I got yesterday's update out Bitcoin popped for $1000+. It caught a lot of traders by surprised, but not our premium Discord members. We had already been discussing entries that morning and many of them got in right before it popped. Price topped out about $70 above my expectation and has now retraced almost perfectly...
Good morning, traders. We saw decent movement yesterday follow by rejection at the $10000 level (supply zone as noted on this 4H chart). Price has retraced following that rejection and is potentially finding support in the larger daily grey demand block once more. The 4H RSI is resting previous resistance as support and I have added the next level of resistance...
Good morning, traders. So far, we are seeing price play out its part perfectly. After the triangle failed yesterday, we immediately went into flag mode which I described in yesterday's TV update and YouTube video update. As a matter of fact, price reacted exactly as I outlined it would if it took that path. I gave our premium Discord members a target of...
Good morning, traders. So far, things have continued to move along as suggested was likely yesterday. Price has been retracing a over night after notching a 10% gain during the day as it reached a high of $11069. This retracement has been a bit deeper than I would've initially expected so I am cautious at this time. As mentioned yesterday, if price cannot close...
Good morning, traders. I've noticed a lot of "the sky is falling" coming out of CT after this weekend, and calls for $7500 and lower. In reality, the only thing that's really happened, though, is that price followed last week's triangle outline. Until it breaks down, this is the pattern that traders should be paying attention to at this time. It is possible that...
Good morning, traders. Price hit the $12800 target last night and proceeded to pull back. I locked in profit last night, along with many of our Discord members, and then entered long again this morning with the top of the channel as the target. However, we could see price stop just short of that as it hits yesterday's larger ~$13800/$13900 target. This 1H Kraken...
Good morning, traders. My larger TF EW and Wyckoff labeling are still valid and doing quite well. That doesn't guarantee that they will continue to do so, however, as EW is notoriously tricky during corrective moves, but for now I don't see any reason to change them. It appears that Bitcoin's price recently completed a symmetrical triangle which it broke out of...
Good morning, traders. My chart is a bit full today, but I wanted to make sure you see the confluence that I will be speaking about below. With the continued pressure on $10K last night, I was stopped out of my long in slight profit and am short to $9500. I am expecting price to bounce at the $9300-$9500 level. We can see that price is printing an almost perfect...
Good morning, traders. The update I posted yesterday to my TV chart was spot on and price bounced out of the red box. I first went long around $10776. On our paid Discord side, traders were able to trade along with me and get an explanation of what I was seeing and what it meant as I bought and sold this move up. Unlike other Discord servers out there, ours is an...
Good morning, traders. Bitcoin has continued its climb, stopping just shy of $13,000 overnight before retracing to just under $12,200. Some of the crazy volatility hit my SL and stopped me out in profit last night but I longed once more and remain long at this time. Currently, it appears that price is printing a flag which should have a target of $14564. This is...
Good morning, traders. Bitcoin's price continued to grind up over night to a high of $11488 where it was rejected by the 15 minute R2 pivot. As a result, we've seen a sharp, quick drop of around $470 this morning which was also quickly bought up. These liquidity grabs help price continue its journey higher. I have continued to warn about this volatility at these...
Good morning, traders. We saw pretty much everything I said we would see this weekend -- Price eased through $10,000 just like it did at $6,000, it topped out around $11,200-$11,300 depending on which exchange you were watching (I mentioned a target of at least around $11,084 based on the pennant's flagpole height), and we saw strong volatility as price dropped...