- We have just completed Wave 2 with the fib retracement of .886 where the shaded white region is. There was a bounce off the .886 and this gives me a sign that we are about to engage in take-off to massive gains into this Wave 3. Let's be patient and see if we can push through resistance at 0.45 cents. The risk/reward is there to buy Cardano though I like the price here.
As ETH continues through its wave cycle we are now at a point where I think Wave 5 has already started and we might be seeing a little correction rally which is where price is at on the downtrend channel that was drawn. There is also a blue resistance line that is key to what happens next for this coin. If we break above resistance we could see this coin make new...
After BTC just finished Wave 1 of the bull cycle it needs to take a little rest... I have drawn blue resistance lines to where we are seeing rejection at. If we do not surpass these levels Wave 2 has began and we will see BTC decline. For now I would not be a buyer of BTC at these levels. Wait for it to come down and rest a little before the bull wakes up from his nap.
I believe we have went through the 5 wave cycle to the downside on ZM. I want to see this pullback hold or maybe push lower a little more, but just not below my blue support lines. If we are to break through those I am going to readjust the chart. We should see this pullback happen then a very sharp rally out of this long downtrend channel. I would be a buyer on...
We are the point now where NFLX is make or break. After completing the A wave awhile back we have been on a vertical stretch of gains in this B wave on the macro picture of this stock. I have put blue lines where resistance is and also Fibonacci retracement levels for the B wave and they are both in line to match up with a drop in Netflix coming. We will continue...
Target is approaching another downturn as we have just finished off the micro wave 4 correction inside the wave 5 down. If we take a look at the top of the macro wave 4 (which is in yellow) we can see I have drawn out the micro wave count of the macro Wave 5 we are in. The Fibonacci levels fit in with the Wave 2 and Wave 4 corrections inside this downturn. With...
I am going to start doing things a bit different for my charts so please leave in the comments below if this chart or way of looking at it is better and understanding the text also. Wave 1 Price at high $89.95 (10/14/22-2/1/23): These dates represent how long the waves lasted as we progress through them. The green wave count in the smaller text is wave count...
It seems that the 4th wave is finished and full steam ahead into wave 5... but we need to make sure we surpass the blue resistance lines to confirm our wave 5 and head higher. We will see price slow down once we get to the price range around $16.60-17.01. Once we get over this price we will be headed for more gains.
It seems that we have finished off the A wave for good in this massive correction we are in. I believe e since Oct "22 bottom we have been in a macro B wave and have more.. alot more downside coming. I could see the market drop down to the $317 region before this bear market is over.
Target has been in a downtrend for awhile now, and it will continue to fall 100% if we do not break above this resistance line where Wave 3 had ended. If we are to break above this line it would give me a sign that Wave 5 has ended and have upside coming. Until then, we must wait.
NVDA has hit the channel line as support but it is looking like this little correction is going to have a fall through in the coming days. Once the break happens it is going to get bloody. I still believe we have topped off in this Wave 5 and looking for downside.
In the last post about AMD we said we had reached the wave 3 and going to wave 4. It looks like that either wave 4 is complete already and going to wave 5... or that wave 3 is not done and we have more downside coming. Either way with both of these scenarios we are looking for more downside with this stock.
NVDA has been in a strong rally for the past couple of months, but it is time for this stock to take a breather and head back to the $270 price range. Wave two's always put fear into the market and act like the stock is going to crash. We capitalize on this stock when it starts creeping into the fib range I have put out there. Until then, sit back and enjoy the show.
After being bored and looking at bitcoin again and again I just said you know what lets just draw a ton of trendlines dating all the way back on the monthly and see what we get. Well we actually see alot of stuff going on and a good correlation every time we have hit a trendline as I showed the dramatic drops in price once we hit a trendline and rejected off of...
As we analyze the 4 hour chart of META it has produced a beautiful channel and producing very good opportunities to buy off the channel lines both long and short from the top of the channel and also the bottom.... I am going to stay bullish on META and the trend and see price heading over 250 dollars... IF there is any sign of weakness we will get ready to draw...
As we analyze the 4 hour chart of Amazon I am honestly indifferent on the stock and would not be trading or buying it right now as it seems "stuck to me" based off these channels... When we look at the "macro" blue channel it shows upside with price pointing to higher 130s... but it would be a very swingy ride there.. right now we are in the white channel which is...
As we analyze the 4 hour chart of AMD we have continued to seem the same pattern inside the "macro" blue channel and I believe we continue to grind higher inside this channel. As you can see there are 3 other channels inside the blue channel (the white channels) which show a "bullish" correction then a push higher every time. I am looking for AMD to do the same...
As we analyze the 4 hour chart of COIN I continue to see downside... We have broken out of our main channel (the blue channel) and now inside the downtrending channel (white)... Since then we have only seen downside with very little upside.. if there is any upside within the white channel we have seen it collapse shortly after. I have drawn fib levels for COIN...