Lcho07

Lcho07 Updated 

According to history, a fractal from the 08' stock market crash is showing very closely to the price action in the current time. If this is in fact a true fractal from history, a financial crisis should happen by end of 2022 or early 2023...

Lcho07

I have been watching this chart since the March 2020 crash... There seems to be a pattern of the monthly MA getting challenged each time the market "crashed"... Not sure when this will happen but I'm targeting the 200M moving average as an initial bottom for the $SPX...

Lcho07

Watching this formation... Think this could go to $2500 easily..

Lcho07

This is an early speculation but if a clear close below the bottom trendline, I would expect the price level to reach to a conservative level of 0.75.

Lcho07

The US Dollar is at a very similar structure and support level back in January 2018. I expect the dollar to break out of this wedge, rally up towards $100 consolidate before breaking out to the upside. This would also mean lots and lots of investors would sell their assets to and remain in cash for a while... Lets see!!

Lcho07

Due to the printing of money by the fed and interest rates at nearly all time lows (deflation) and the current state of the economy, I believe we are in for a big wake up call... I believe many investors will dump all assets (equities, crypto, commodities, etc..) in return for cash. The US dollar will have a huge rally while this crash is happening. After this...

Lcho07

SPX has had 3 major pull backs (some would call reversals >20%).... This first one resulted in ~34,000 point drop, the second one resulted in ~60,000 point drop (~2x), the third one resulted in a ~120,000 point drop, and the next one should be ~240,000 point drop which IF happens would put the S&P500 at ~$1000.... interesting fractal...

Lcho07 Updated 

Shorting $EUR/$JPY here...

Lcho07 Updated 

XRP/USD has broken down below the descending triangle support that has held up for over a year! This is a significant break down which I am targeting lows of ~$0.10. This is a projection based on the height of the descending triangle projected down (~65%).

Lcho07

This could be one of the scariest scenarios for ETH, according to TA a descending triangle projects a target measured from the top of the triangle down to the base. That distance measured, is subtracted from the base down to the projected target. If this descending triangle does come to fruition, ETH could drop down to ~0.0038 sats...

Lcho07 Updated 

According to TA, a parabolic trendline broken projects a 80% decline from the swing high and therefore would project a price target of $2800 for Bitcoin...

Lcho07

Update from earlier post! $BTC is still on track to follow 17' price action.

Lcho07

Ok, my previous comparison used the daily chart from 2017 and I believe that was a mistake. I am now comparing both parabolic rallies on the 4H timeframe as my previous comparison was invalidated. As you can see on the chart above, after the sell off in the 2017 rally BTC did make a higher high only after that did Bitcoin start the quick sell off... One other...

Lcho07 Updated 

#Bitcoin is still following the price pattern from 2017. A break above $12061.4 will invalidate this trend.

Lcho07 Updated 

The comparison between the BTC parabolic breakdown of the 2017 rally has a very similar pattern to the current BTC parabolic breakdown... IF Bitcoin continues to follow the same pattern, BTC is likely to have a pretty significant sell off within a day or two followed by a quick rally back to test the previous broken support areas... I will continue to monitor...

Lcho07 Updated 

What a rally this has been for #Bitcoin! I have been keeping an eye on the parabolic trendline and will continue to do so... That being said, I confirmed break of this parabolic trendline will project an ~80% decline from the swing high of this rally. I still believe $BTC has some juice left in the tank (~$15k) before we re-test this trendline for support... IF...

Lcho07 Updated 

#Bitcoin is forming a iH&S reversal pattern. A close above the trendline will confirm. Price target is $8400.

Lcho07 Updated 

- The daily chart below is a line chart showing the price action over the past 3 months...It has the chance to form a Adam & Eve reversal bottom coupled with a iH&S reversal pattern that has formed over the last two months. A retest of the $3500-$3600 is likely and a very strong support zone. - This is a possibility for a significant reversal pattern for the...