thehoplite

thehoplite

Bitcoin is pretty slow right now. We're all aware. Why is this happening? Because you're all waiting for the same thing. Everyone is speculating on where it's going to go, and there's no consensus for either. The volume of money going in either direction has shunted quite a bit to represent the divide here. You've got people already in it that won't spend a...

thehoplite

I draw lines and just see if they hold. The width between the lines shows their memory the create. Narrower distance will mean a narrower move as it relates to the point of origin for these lines. Many become the supports of the future and many others will become the resistance. Either way, the market remembers where it was, and it's never afraid to go back.

thehoplite Updated 

Volume Oscillation - paradigm shift on the belief. The attitude is gone. The Bull is in question and the traders are in waiting. Everyone is either looking for a deal to take this thing higher or they're looking for confirmation to get the hell out. We've dipped in volume to levels not seen since the start of the rally. RSI - Doesn't matter. Relative strength is...

thehoplite

imminent Head & Shoulders could be made from the new bounce created in today's ticker movement. As a contingency, I allow for also a decline somewhere around Thursday with a nice bounce to end off the week on Friday, as that has a tendency to be positive-vibe day for the market. However, if there's bad news to end the week, the next week outlook starts on a bad...

thehoplite

2026 OCASIO CORTEZ FOR PRESIDENT.

thehoplite Updated 

Pun in title intended. This chart has a lot going on now. I've been playing off of the same chart with the same long-trend lines drawn on it, so we'll just call this one Part III of the saga. What I've discovered today feels like some serious implications, and I have hardened reasons to believe that the Dow rally on this leg is over. Here we go... So, I've...

thehoplite

Guess myself and a very few group of others had underestimated the amount of faith in this market. I had wholeheartedly felt we would see the Dow cut short of the move towards the resistance line set by the other 3 peaks preceding. Though I had left room to suggest the possibility of this happening, I did have doubts and I did voice those doubts with others, so I...

thehoplite

Same idea as in previous chart. This is zoomed in to show the main points of resistance. 2 areas of concern with rising wedge in these recent times and stretched RSI. Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by the previous peaks. The overall...

thehoplite

Line 1 traces the support bounce and the sequential bounce. This line is carried over into perpetuity per the chart. It's a goal setter. 08' recession happened and broke below the line. The bottom of that trend measures distance with red line. This is where the trend reversal begins. The new race is against the previously set trend with line 1. We tipped it in...

thehoplite

I honestly don't know what the f*** I'm doing, but we're going to get through this together. Right off the top, I hooked it up on those top and bottom trend lines just to see what's going on in this movie, and it's looking like we started off with the downward bounce this morning, which confirms the appropriation of this chart whipped up last night. I mean, it...

thehoplite Updated 

I don't foresee any major breakouts in the next couple of weeks. Still Channeling within the confines of the greater wedge. This current price action is going to meander for some time and likely bounce off $6100. If it touches and bumps, I'll be very satisfied with the ideal of continued rising support, though it will be extremely subtle for the next month. ...

thehoplite

There's still a lot of play left in the major wedge. Market looks like it rejects a breakout beneath 6100. We've seen price movements rapidly try to sneak past, but the buyers are at the ready to defend that level. This is without regard to the limited volume lately. I would expect this behavior to extend over the next couple days, and volume will fill in again to...

thehoplite Updated 

Don't listen to D4RK Energy or whatever that 'popular' user is saying. We are all here to do one thing and one thing only--Make money. So, in response to our shared goal, I'm sharing a point of view that illustrates a decent short position to be taken. Target price is at $7950 and stops placed at $8450. I would advise against taking leverage higher than...

thehoplite

Looks like the 10k is in bounds. Look at all those transactions lumped behind our latest price. That's a perfect little launch pad where the pricing receives a lot of back-pressure to carry towards that famous 10k we've all been waiting for. The yellow area is all the potential price points given support, resistance and trend. However, we can follow the 1/1 line...

thehoplite

I'm a huge fan of projecting cycles and timing. As we know, timing tends to be everything when executing a trade. For the short trades, we should be well aware of the unlimited upside loss and how quickly a "sure thing" can turn sour. That said, this analysis uses the uses a number of TA textbook tools (3 T's) to gauge a move within a narrow band. Tools:...

thehoplite

My drawings are largely based on a detrended analysis and decomposing the T + C for a better understanding of their parts. To list the few tools: 1) RSI 2) DPO 3)Fib 4)Modified MACD 5)Regression 6) Bollinger So, a lot of textbook stuff in there. Looking at very near-term cycles, I drew the vertical lines to correspond with those troughs. This part was...