Gweilo

Gweilo

XLE Similar pattern as SPY just at a steeper angle. Has more downside than SPY. Another solid contender for put options off of the pattern backtest.

Gweilo

SPY backtested and rejected the channel breakdown. I will be playing put options and targeting 230. Posted this in Wave Analysis because this would make a perfect 3 wave correction but with a subdivided 5 wave. Last SPY put opportunity played nicely.

Gweilo

TLRY Daily Chart (Logarithmic) Falling Wedge Pattern Have played this to the long side before nicely Trade the breakout

Gweilo

As I have pointed out before, BTC likes to bounce at the .886-1.13 and the .618 retracement. Every retraced run has resulted in 100% accuracy of the predicted move within roughly 100pts of the retracement mark. The retracement for 2 runs ago gave a nice bottom pattern within 100pts, and now this leg up has come within 100pts of the .618. The strategy is to...

Gweilo

Popular momo runner setting a hammer-ish candle at the .707 retracement of its lifespan and also setting at the 20sma. Worth a watch for you low risk trade atm assuming no overnight gaps.

Gweilo

We touched heavy fib resistance 3 days ago and have received 2 red days since. Retracements plus projections. I am projecting that this is a heavy resistance level. If we can rally through this zone I expect to see prints near the 1.618 retracement level of the first major pullback. At these levels I am remaining delta #neutral.

Gweilo

Only posting this because somebody asked. I don't trade crypto anymore. May still chart it because it's fun. My potential reversal zone is between the .886 and 1.13 retracement of its last run. This has proven to be an effective pattern for BTC. Put it in prices so you can have an official PT.

Gweilo

Called the recent bottom to the T and the move up to the 74-75 area. My official target was 7499 the .618 retracement of the last run.

Gweilo

No need for harmonic patterns just a fib retracement. Look how BTC likes to bottom out in the .886-1.13 range and then top out at the .618 of that run. Its pretty simple, this pattern aligns itself with the futures model expecting a leg up but still shorter than the last leg. BTW i type in my fibs to the exact coords so that I know they are precise. This target of...

Gweilo

BTC has proved itself to be very harmonic. Presenting multiple harmonic trading opportunities. It has also proven to follow the precious metals futures model I have outlined in previous posts. This model has been very accurate and predicts a leg up here followed by painfully slow death spiral. It has been a very fun ride and I have made some money but it is time...

Gweilo

More detailed chart. I enter the fib values manually to ensure theyre precise. BTC likes to bounce in this .886 - 1.13 zone. 1.27 lining up with trendline is likely target if 1.13 fails to hold. Secondary fibs lining up with 1.27 and 1.41. Notice the price action how the candle wick slap the fib on the first day of contact almost every time. This is where i have...

Gweilo

BTC likes to bounce in this .886-1.13 zone. No bias watching price action here.

Gweilo

Although BTC seems to be shying away from my 4100 target I did call the recent downside to 6k (within $90). *Check last post for proof. BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on. If this daily candle can close above the purple trendline this is huge because I cannot see any higher trend resistance. I...

Gweilo

Still targeting 4k longterm, expecting a small bounce on 5 or 15min before completing the leg down to 6k.

Gweilo

If BTC breaks down from the 6k support again I am anticipating a move down to the original trendline. I've been calling the downside (and upside) not a crypto bear just playing the charts.

Gweilo

So time to explain. This is all started when I read the article about the Third Dimensional Crypto Cartel manipulating price through futures. After some thought I decided the chart it out. Although I am not convinced of the futures market oppression, the similarities to BTC from all time high are astounding. 1st chart is current BTC 2nd and 3rd and Gold...

Gweilo

Note they key-points of this Descending Triangle. Full description in last post.

Gweilo

Note they key-points of this Descending Triangle from ATH. Full Description in last post.