MontyMacht

MontyMacht

We are at the second testing of the upper bound of the triangular formation consecutively without reaching the lower bound. This indicates that the bulls are pushing upwards and that a decisive move is imminent in the coming few hours. If the early hours of today are bullish to the point of breaking the upper bound, 0.8 could be reached easily within 3 days...

MontyMacht

There's an upside for the story: there's an upside for Ethereum on the short term. The downside is that the medium future is rather bleak. Etherium's curve seems to be going through a classical shedding phase since a while. From a geometrical perspective, it is hard to imagine a reversal soon; on the contrary, an avalanche similar to what happened with Bitcoin a...

MontyMacht Updated 

Theoretically, the price of oil should keep going higher as the finite resource is being vehemently overused. Yet, somewhat paradoxically, the advent of alternative energy could produce the opposite effect. Between those two dynamics lie the supply-and-demand pump of the oil states, tweaking the price higher and lower as it fits the pockets of the developed world....

MontyMacht

One night, the monkey was monkeying as usual, jumping up and down, left and right, holding his fingers straight out of his head as if they were horns of a fearless bull. The Owl watched carefully, one eye skeptical, the other sarcastic. "What do you think you are doing?" said the wise owl. "I am hedging with BTC against a market crash," said the monkey, who didn't...

MontyMacht

The main signal here is the Turbo CCI breakout of a major horizontal resistance. This is a strong confirmation of the continuity of the short and torm trends, which seems to coincide with the crossing of %R and RSI, signaling a breakthrough. The range of growth is visible through the linear regression in the price chart. If 345 is broken this year, we will...

MontyMacht

UDTRY had made a great jump in the past months, but if aesthetics are to be believe, the power of symmetry lies in a slight pull back before the end of the year. That's mainly due to being in the north edge of a long running logarithmic channel. If this is to be broken, symmetry would demand new balance points which would provide stability to the price above 14....

MontyMacht

Can you see it? Winter is coming. There's a huge resistance and so far the bulls are not able to push it. My forecast is 2600 this week, once again, and a bit of zig-zag until the bears show that there is no time for hibernation. I am ready to be wrong.

MontyMacht

I think not and therefore I am anticipating a bear market..

MontyMacht

There's plenty to look at for AMD at the moment and definitely not the fundamentals. In a fragile moment of the market, AMD's stock found a strong surge after a while of relative saturation. The question is : is this surge sustainable? I believe we have hot the maximum for this year in the past few weeks and here are the reasons: * Crash or not, the market is...

MontyMacht

Trend and Fib analysis confirms that we have reached the peak of what was an incredible comeback for ETH and Crypto in general. Given the healthy recovery, I don't expect a major decline, but not a minor one either. It seems that we will have a wuick pull back to the natural support of this trend's volume POC, just a tad above the midpoint of the last major bull.

MontyMacht

This comes once every 249137 years. It seems that we are heading to the all time POC, which basically means no one wants to hold NEO anymore except its creator and his mother. The trend line is longing for the long awaited reunion with the ground, while the RWI mouth is still hungry for a little bit more red in the very short term.

MontyMacht

Few stocks are as well positioned as BABA's stock in face of an imminent crash. First, because the price is already discounted to the levels before the last bull. Second, before the fundamentals are still quite strong. Third, and most important, because the majority of indicators are showing signs for a reversal. The vertical lines divide the price cycles...

MontyMacht

So far, the bull isn't compensated. A further push downwards is therefore needed to allow far a buildup again. This could happen over several stages, but for this weeken, the fall will be around 20%.

MontyMacht

DJ yesterday broke out of the long-held triangle, coming below the major high and low prices trend since the crash last year, as well as below the 50 SMA for the first time. This is a major change that seems to confirm the bearish outlook I predicted a couple of months ago. Even if it rebounds from the current downtrend, there;s not much left in the triangle and...

MontyMacht

Taking into consideration the initiation bull of 2018, which was much higher in magnitude, periodicity can be detected using a sine wave . This shows that the decline is not over, which is also very clear through the price action and trend lines . For the latter, 2 triangles are being formed. One extremely inclined to the south from the top (due to the crash), and...

MontyMacht

Oil is facing double historical resistance, currently on one and the other is in the near horizon. Given the recent minor pullback in which it passed a major resistance, it's more likely that it would stumble again this or next month as the trend subsides. The proximity to the Fibonacci time/price retracement is an indicator that for the bullish trend to...

MontyMacht

Monthly upper Bollinger Band is not very reliable, in that case. There is definitely a room to grow for ESP35, given the bad history, but the time has come according to the trend lines and Fibonacci. The tension through the end of the triangle is pullung the eyelid downwards since it ran out of fuel. The trend of RSI also shows the tendency for a downfall before...

MontyMacht

Sorry guys, but the wave is clear. No need even for indicators. It will take more time for another bull to be shipped.