moonman777

moonman777

We had a nice little correction based on triangle wave analysis I noticed looks like we bounced perfectly off the .786 Fib level. Good spot for re-accumulation. THOUGH Watching the bond market closely to see any spikes that would lead to some stuff in the equities and BTC. Sadly when you sell treasuries you receive USD and unfortunately for the time being, cash...

moonman777 Updated 

wheew the cup n handle I saw was nutz Looks like this might be a correctional symmi triangle with how the Elliot waves are playing out. Read some bots for institutions like MicroStrategy are buying larger amounts very 1.5% dip The way bonds are rising like the 10 year its more risk for large players to not have exposure in the future than to have exposure. With...

moonman777

Wanted to do a little comparison of these two because I feel they are so strongly correlated. ES1! trading nicely in the 0/0 -.25 Fib fan. Moving in a ascending wedge between white trend lines for months. Currently is overbought on 4HR and has been close to overbought or overbought since Feb 4th. DXY currently looks like its being supported around the 1/8...

moonman777

successfully broke out of the handle I found yesterday. looking for the 1.4 level now in the next couple days/weeks. markets are too quiet today lets see folks

moonman777 Updated 

Since the QE started in 2008 its become and good thing for credit swaps and and huge bond holders that know the fed will buy whatever the asking price is. Different now that rates are 0 and negative around the world. With inflation now becoming more of a thing and more and more people are beginning to realize that inflation is coming quicker than a couple...

moonman777 Updated 

Well this is what was expected from equities running and sustaining ATH's. Looks like its found it support from the ascending triangle that I drew a little while back. About to move in oversold territory on the 4HR and already recovering on the 1HR chart. Don't expect it to drop any lower than this and will probably recover out of trend lines by tomorrow 1/9...

moonman777

First chart I published showed a comparison of 2021 instead of 2020 Was saying that I happened to look at Bollinger Bands (don't use often) for UVXY and found that the squeeze on the bands is about half that compared to back in 2020 before the spike. The inflow of January 2021 is 1.5x more than the height of the spike last year. Closed out on one of the lowest...

moonman777

Some sharp drops in the cup formation so would be better confirmation if it was smoother. Watching this closely to see about another entry if breaks upper trend line. I"m no expert just an observer.. lets see folks

moonman777

I'm all for BTC and the technological advancements its made and everything that has come from it. This will be a very important asset now and into the future. With what Mike sailor is doing in bringing more institutional exposure to it is nutz. on top of all the institutions that have already "dipped their feet" into this asset. this has gone parabolic like...

moonman777

We formed a double bottom today and found support near 90.98 On hourly its severely over sold and looks primed for another push next week after todays breather/reload. If we pass and close the most recent high around 91.6 next week then looks like this will be a breakout (or head fake, though wedges are still pretty strong unlike triangles) of this months long...

moonman777

pullback went more than what i though though we are now in oversold territory on the hourly chart. larger views still looking ripe for this bull trend to continue.

moonman777 Updated 

accompanied by low volume lets see how it plays out

moonman777

Looking a little over heated on the 4hr chart might pull back slightly to rectangle zone for a cool down though indicators look like this rally will continue. Based on 3day chart looks like we are just getting started. If we break the white trend line that started in June of last year it will be a successful push out of a descending wedge and then looking to hit...

moonman777

looking like we've been getting nice rejection from the lower trend line from the ascending wedge that was formed over the past couple months. super low volume. DXY has been holding its strength. lets see how it goes

moonman777 Updated 

good morning/evening ladies and gentleman, where ever you are in the world. This upper trend line dates all the way back to height of 2007, seems to be pretty strong considering who holds the largest positions in silver. If closes above 29 will enter long position with tight stop losses because could be false breakout. Would have to see DXY going down at the same...

moonman777

Noticed some very similar structures forming on action in MACD and RSI. MACD crossed at same -.02 level before it started its rise back in late January of 2020. Green histogram is much larger initially this time around. Both formed similar action in RSI just price difference of then and now. 50 MA moving significantly higher with VIX now trading above 200 MA and...

moonman777 Updated 

if this breaks and closes above this upper trend line on this massive months long wedge idk how this is going to look for equities... But in my opinion i don't think it will be good lol chow

moonman777

Key levels have been seen and tested true. Yesterdays move marked the completion of this rising wedge, with DXY gaining momentum and all the obvious tell tale signs of melt ups idk where this can go. Testing that .786 level real nicely if it looses that then welp... we'll see All I know is Godspeed everyone. This will be something to watch no doubt. As everyone...