Dankbee

Dankbee

Gold has been beating the SPX for a long time, but there is a good chance that gold will continue to pummel the SPX even more. SPX / GOLD shows a descending triangle pattern, which if it breaks down, can lead to huge growth opportunities for gold. I would change my bullish outlook on gold if 1) make a new local high 2) break the down trend line,test it as support,...

Dankbee

Here is a quick look at how the buy signals from DataDash's new indicator worked out for gold in recent history. Vertical lines represent buy signals. Recently we had a new buy signal.. so this is BULLISH. Most buy signals lead to huge moves up in the price of gold.

Dankbee

An interesting view to see how ETH and LTC valuations change in relation to each other. When we get to historic areas, this is a good time to swap from one coin to another, or position one's self in more of one coin than another. Keep this in the back of your mind when deciding what coins to hold at what time.

Dankbee

CRO has lacked utility until recently when Crypto.com released their exchange, the syndicate and high CRO interest rates. As we see, MCO has fallen a lot since then compared to CRO and when we look at the short historical price actions of these two coins, CRO has a lot of room to move up in value compared to MCO. Look for CRO selling opportunities represented by...

Dankbee

Silver is still in this bullish channel. It is riding the support right now, watch for a pump to top of channel for sell or a break of the channel for stop loss.

Dankbee

SDC filled its gap, but has struggled to close above the gap and closed again below the gap. Volume has also fallen off. I would change my opinion if we can get a close above the gap and above 11$ even

Dankbee Updated 

If silver can continue the momentum similar to its last rally, here is the range I am expecting; 21-23$ per ounce through march. This range is based solely off the past performance of the past rally.

Dankbee

investors have realized we are late cycle in this overextended bull run. The time to be in money losing equities is long over (UBER LYFT BYND POTSTOCKS WEWORK, MoviePass). Speculation is over. This is a suckers rally and it is simply a rally that was needed to fill the gap. Now that the gap was filled, we can continue to watch this stock crumble.

Dankbee

MCO has had a massive run up from its bottom, breaking bullish out of a falling wedge pattern. (MCO's volatility made the wedge hard to spot, but its clear in hindsight.) MCO also lost its momentum by failing to stay above the 21 EMA. Im looking for buy in opportunities at the fib levels, MCOBTC .0004548 and .0004169

Dankbee

AMD's price action has been amazing for investors, but how much longer will it last? Weekly RSI does not confirm new high with AMD and Volume has been consistently making lower highs as well. It may take some time for the price action to turn around, but this bull is running out of steam. Best risk to reward here is to sell any positions one has, and look for...

Dankbee

SOXX is currently breaking out of its triangle formation, which would theoretically be bullish, but unless it retests the top of the triangle as support and bounces, this is a false break out. There is a gap to fill, so we have room to at least test that support line. But most importantly, the RSI is not confirming the new high showing that this is most likely a...

Dankbee

DXY has been suffering from a long spree of bearish divergence over the past weeks and this means that the buyers are running out of strength. Any long term bulls should look to take profits on the great gains and prepare for a potential huge reversal. Bears, nothing has been proven just yet, but keep an eye on this.

Dankbee

DDOG has not only broken out of its descending triangle, but it has also completely filled its measured move. We could see some consolidation in the short term because of this price action. Also watch the hidden bearish divergence with the RSI. Summary: DDOG is short term neutral and mid term bearish. I would wait and see how these patterns continue to develop

Dankbee

Exxon has been struggling for a long time, and the long term trend still remains bearish. But for the medium term, we see bullish divergence on the RSI and a double bottom in the price action. We should see for some gap up within the next few weeks or months before coming back down to follow the long term bear trend.

Dankbee

DDOG migrated from a symmetrical triangle to a descending triangle. From a neutral pattern to a bearish pattern. This is a good time to take off long positions and take shorts with tight stop losses at prices above the triangle. Watch also the price action and how it reacts to the 21 EMA

Dankbee

DDOG has been losing volume fast since its IPO. And that is very troublesome for this young pup. Either way, a symmetrical triangle formed after the last rally, which i considered to be a 'deadcat' bounce because of the pitiful volume. This triangle formation does give merit that possibly a new high can be coming in over the next few weeks, but i am still leaning...

Dankbee

Shown in RSI, we have bullish divergence. Last time we saw similar oversold condition, matched with bullish divergence, we rallied from 1.50 to 8. Keep your eyes peeled for this possibility. If RSI hits new low, the divergence is over and we are bearish. We can also see continued downside action with even higher RSI lows. Although the price goes down in this...

Dankbee

BYND run up is long over. 1. Bearish Divergence on RSI shows end of the trend and a loss of momentum into a dragonfly doji candle(signals indecision and trend reversal). This was the official start of the new bear trend. 2. Massively declining volume shows that the hype is over. Rallies built on low volume are fake outs (Bull traps) 3. 4 Gravestones dojis in a...