On the above 4-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Multiple oscillators print bullish divergence across a 3-month period. 3) Seller weakness. Notice the long candle wick into seller territory? 4) Price action prints support on past resistance....
On the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Significant bullish divergence. Multiple oscillators print positive divergence with price action. 3) Bull flag break out with 350% target projection. Is it possible price action prints lower...
Price action has corrected 80% since the sell signal last November as is shown on the above 2-day chart. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Both price action and RSI resistance have broken out (1-day chart below) 3) Regular bullish divergence (1-day chart below). 4) Both points 2 and 3 are also true for the...
A big thank you to all for helping me reach the 8k follower milestone.. On the above weekly chart price action has corrected over 90% since February 2020. A number of reasons now exist to be bullish, including: 1) You know why.. 2) Price action confirms support on past resistance. 3) The support is on the Fibonacci 0.236 4) RSI resistance breakout. Is it...
No doubt everyone has heard a variation of the phrase: “Sell in May, return another day.” In Wikipedia it is written: “Sell in May and go away is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the...
** warning - tiny market cap ** On the above 3-day chart price action has corrected 90% since June of last year. Astonishingly sellers have returned price action back to support. Is now a good time to go long? 1) Oscillators prints bullish divergence with price action. As a matter of fact more oscillators print positive divergence than the previous time price...
On the above 3-day chart price action has corrected over 90% since the sell signal April 2021 (not shown) at 50 cents. Today is great long opportunity. Why? 1) You know why. 2) RSI and price action resistance breakout. 3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period. Is it possible price...
On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Confirmation of support on past resistance. Horizontal blue channel. 4) The flag pattern flagpole...
Did you notice the weekly chart print on the GRM? The (deep breath) “Golden Ratio Multiplier Multiplied Moving Averages” indicator is a much unloved indicator with only 270 likes since June 2019! I'm guessing that is about to change after you read this post. What is it? The indicator uses a moving average that is very close to equal on the growth of Bitcoin as...
But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...
On the above weekly chart price action has corrected 98% in a downtrending channel since February 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action exits a near 2 year consolidation. 3) Price action confirms a trend reversal with the first higher low higher high since 2020. 4) The downward...
Since publishing the long idea in late August at $4.29 (orange circle) price action has zoomed up 1000%. Not bad. A number of reasons now exist to be short. They include: 1) Price action has arrived at significant support and resistance, $41. 2) RSI is @ 95 on the 5-day, 97 on the weekly chart. The highest in the history of this chart. 3) Price action is four...
On the above weekly chart price action has corrected 97% since September 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action confirms support on past resistance (see arrow). Look left. 3) GRM support has already confirmed. 4) The falling wedge...
On the above weekly chart price action has corrected 96% since April 2021. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action prints a double bottom on past resistance. 3) The bull flag breakout with confirmation. 1000% forecast. Is it possible price action corrects...
On the above 4-day chart price action has corrected over 90% since the sell signal in August 2021 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 80 day period. Is it...
On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including. 1) Price action and RSI resistance breakouts. 2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence. 3) While the market has been in full panic mode volume...
On the above 3 day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, they include: 1) Price action and RSI resistance breakouts. 2) Trend reversal, higher highs higher lows replace lower highs lower lows. 3) Support and resistance, the black arrows, price action has confirmed support on past resistance. 4) The bull...
And possibly below $10 after that? Most if not all Alt-tokens have returned to their 2017 lows with 95% to 98% corrections since 2021. Pick any token popular at that time: 1) DASH.. 95% correction with a return to $25 in 2023 as it was in 2017. Inflation adjusted, the price should be $19! A bucket of expired sardines in a Norwegian Fish-market has gained more...