MoneyPatterns

MoneyPatterns

Things are turning down per yesterdays analysis. Bearish EMA Cross on 1HR shows downtrend will continue. Fake pump did not work to return buyers to volume. Rounded top pattern and long upper wicks (Tailing tops) all indicate market exhaustion. Lack of buyers. Fear and Greed index is at 89. December 2018 selloff was over 90. Rarely gets over 80, so we are VERY...

MoneyPatterns

Everything lining up to be Bullish on 1HR and 4HR charts. Bullish EMA Cross, bullish Wycoff Trend, and Bullish RSI divergence on 1HR. This should carry to the 4HR chart, and thus to the Daily. Weekly and monthly trend is BULLISH. If we close around today's highs, we may get a bullish hammer which should continue the uptrend. Thank you for liking, commenting,...

MoneyPatterns

The way that the Gaussian Channels stack on top of each other with such close price proximity says: 1- Higher we go, more likely we are to go down. Channels get closer as we go up, but CANNOT overlap like EMA/SMA's. 2 - Channel midlines so close together, a price drop of $10 or $20 in SPY and all them turn red instantly. Once these short time-frame midlines go,...

MoneyPatterns

4HR View shows 8/21EMA bearish cross incoming. If we get below $303, this will confirm Bearish cross to continue downtrend. If we get below $293, this will confirm Bearish trend on 4HR for continuation. :) If we get below $290, this will confirm Bearish trend on the Daily. Price will be outside Gaussian Channel AND outside the pink channel. LANDSLIDE! Thank...

MoneyPatterns

See below for 1st Chart in this series (Close Up View). MARA ( Marathon Patent Group ) mirrors bitcoin price runs. Options or stock are cheap and profitable if timed correctly. I see this going to $2.50+. It will be quick and short lived. Last run up there were two entries to gain 50% and another 60% after first peak decline. Thank you for liking, commenting,...

MoneyPatterns

MARA (Marathon Patent Group) mirrors bitcoin price runs. Options or stock are cheap and profitable if timed correctly. I see this going to $2.50+. It will be quick and short lived. Last run up there were two entries to gain 50% and another 60% after first peak decline. I will post another chart with "Outter Space" view. This is NOT a long term investment. This...

MoneyPatterns Updated 

I hope this farther out view helps some people. I see a repeating upward channel/wedge that lasts for years. When the bottom of pink channel is broken, long term downtrend begins. The blue wedge is coming to a point in 2022. There is NO way it lasts that long. Multiple indicators are pointing to exhaustion. Please feel free to comment, ask a question, throw...

MoneyPatterns

SPX - 15Min Chart shows price going to bottom of Gaussian Channel. Bearish breakdown imminent. 30Min Chart shows bearish EMA cross continuing breakdown on other timeframes. 1HR and 4HR are setup to fail in the next 1-2 days. After that it will may be a quick selloff once panic selling starts. Daily RSI is almost 70. For SPY / SPX this is pretty high. Thank...

MoneyPatterns

Looks like we are setup for 200SMA and 128SMA cross on or before 11/24. When price crosses the 200/128 point, all moving averages line up for STRONG BULLISH MOVEMENT :) We may have a down day or two before the strong turn. Final shakeout attempt. Do not be discouraged by one or two daily down days this month. November and December and looking excellent for...

MoneyPatterns

We are very close to making the turn here. Gaussian Channel indicates MAIN trend (regardless on time perspective). When price crosses midline, it's like a weak magnet pulling to other side. When price exits channel - trend changes. Price farther outside channel makes channel change direction. We are bearish on the Daily currently. However, the price gap for...

MoneyPatterns

"The VIX projects a test of major resistance in the upper-20’s before year-end," says Addison, who is is the author of THE INSTITUTIONAL VIEW, a research service that specializes in technical analysis. "Once the VIX has a weekly close above 32, then my work would confirm upside projections to 50-55," he continues. He sees additional stock market declines ahead if...

MoneyPatterns

“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” he said. “The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” - John Templeton ( www.google.com ) Market feels artificially inflated. Who is buying SPY at all time high? Who would have the most to...

MoneyPatterns

There is a SMALL possibility of bearish reversal if price closes below red dash line (8PM EST new daily candle). I DO NOT EXPECT BEARISH REVERSAL. Since Weekly view is bullish and indicators on 1HR chart are bullish, or just turned bullish, the LONGER TERM BULLISH TREND IS INTACT. Based on Gaussian Channel and price exactly hitting the bottom channel, I feel this...

MoneyPatterns

Do you see the repeating pattern? Two small flags followed by one big flag. We just finished first small flag. We have one small flag before another correction. Then the big climb up. Not sure we will reach max value shown at $200K+, but the pattern fits. I will update as we go. This is just my opinion. Please like, comment, or follow if you like what you see.

MoneyPatterns

There was a bullish EMA cross last week. Current weekly view has multiple bullish indicators. Weekly view is more stable for LONG TERM TREND.

MoneyPatterns

Gaussian Channel turned bullish on Weekly. Last time green on weekly was during bull run. ALL OTHER WEEKLY INDICATORS POINT UP!

MoneyPatterns

All signs on 1HR chart point to completion of the Bull Flag pattern on 1HR chart. Completion of this 1HR pattern should see us get past 10K to prime this rocket engine for liftoff to 20K pre-halving. Price above EMA ribbon is positive. While bull flag completes and is above EMA ribbon, pressure build and then we get a big move. Anytime Gaussian Channel and EMA...

MoneyPatterns

This is just my opinion. Prices - all time highs barely getting exceeded. RSI high (67+ , never goes beyond 70ish unless MAJOR selloff which is even better). Fisher flipping to bearish. MACD bearish. Fractal is from last major selloff which lines up with support levels. The banks are more likely to selloff before January (when employees can withdraw 401K). Does...