XMR is one of my favorite projects and so I kinda feel bad shorting it but there is no virtue in losing money in the market as a trader. Often on charting you can look left to right to see what is going on but to get the best understanding I am going to go through how this chart actually developed so you can see it as I do. The purple trendline has been on my...
The main chart and title is pretty blunt. We see two rising wedges on BAC and the blue one predicted the 2008 crash, but because this is on the monthly chart it tools years for the price action to perform. We may again see this happen again as the crash begins moving in slow motion and is imperceptible to most as the problem becomes more and more severe. With...
This is acting as an update to the linked idea below where I make the case that it appears a broad sell off in equities is very possible based on the behavior of the QQQ/SPY ratio. It is a very rigorous look at the pair and the implications of any breakdown. If you want the full idea please check that out. The candles can appear red SPY goes up quicker than QQQ...
Chart Patterns 2018 was an interesting time. Bitcoin had gone berserk and there where both prophets of prosperity and doom preaching about the future of bitcoin and all the new folks had to decide if they still wanted to play and what to do with their money. Lots of people correctly identified this descending triangle but many people were so bullish they saw it...
Very curiously lots of people have been asking where the blow off tops have been for crypto because they are use to seeing blow off tops on crypto on weekly or monthly charts. As the market matures it begins to move a little slower and we can see that by looking at the newer coins, BND and ETH showing a blow off top on the 3 month but BTC showing the blow off...
Lots of TA guys that apparently very recently found Wycoff theory seem to think that we are in Accumulation after just a single markdown and I don't see the case for that currently. A period of long term accumulation will lead to a mark up and then a consolidation in reaccumulation. Likewise when things begin to step down there is a distribution, markdown, and...
I got a scratching in my head again when looking at the ETHBTC chart and it was beginning to resemble the bitcoin chart and a bit more tinkering has resulted in this post. I see myself doing a couple of editions of this basic concept over the next couple of days. The fib levels show that BTCUSD had a more powerful move as BTC was able to reach the 0.786 Fib...
Predictions (TLDR the analysis): The 400d EMA will eventually fail as support The 20 Month SMA will be tested and fail as support The Monthly Keltner Channel will act as support (with wicking very probable) at about 15k 3-5 year target is 160k with chance of over-performance Main Chart Bitcoin continues to chop sideways and cause a lot of people a lot...
There is a lot on the log chart so lets look at the target setting on the standard chart. The implications for this are pretty bad, if ETHBTC dips then probably both ETH and BTC will be going down, and ETH faster than BTC. Alts and shitcoins more volatile than ETH will go down even faster than eth. I am personally using this chart as confluence to short an alt...
The main chart says a lot so I am going to go into the 12 hour because that shows a lot. Quite simply price action is still very bearish with both the VSTOP and MTF VSTOP situated bearishly and the 20 period SMA acting as resistance. This is the time frame I have my stops set on and my entry was at $207, My take profit is of course a bit shy of full performance....
We will be looking at a confluence of three indicators and their close next week for me to formally call the beginning of a bull market that could last over a year. 20 Week SMA. Some people are watching the 21 week EMA and there is little distinction between the two, except the 20W is more important because it is the basis of the weekly bollinger band. If...
I have been looking for the bull trap bounce for a while now and I have been looking to use aamonkey's version of the NVT as a way of helping steady my hands and clarify my thinking. The blue measured move show historical losses of highs to the top of the orange box and that orange box has been a serious area of consolidation in the past before the final low is...
The main chart basically spells out what could happen if we confirm this bear market. My linked idea will show what I am looking for on BTCUSD to confirm a bear market when the week ends. As a head up if you don't want to read the linked idea... I detailed at the time of writing, a very high chance of confirming a bear market. After price action puked over...
BTCUSD is against a trendline as resistance and has a micro head and shoulders. I have taken the short at the right shoulder and hope for over-performance. I will be moving a stop down hopefully within the hour to lock in some profit. Hoping for over-performance.
BTCUSD just had a new week and I wanted to get the data on the close on both the On Balance Volume and combine it with the MACD. I will link just a couple of ideas to supplement this idea so it isn't to repetitive. Each idea covers a different set of indicators and guess what? All bearish. A review of my post history will show I have not vacilated between...
Introduction Bitcoin continues to take a beating and I am producing different styles of charts to reach different styles of investors and traders, hoping to show them something in a system they recognize. I have done divergence on indicators, I have use bollinger bands, I have done volume analysis, everything I can to help. This is to help out the moving...
And I just need some indicator confirmation before pulling the trigger on some puts. I don't want to crow too loudly, but lots of crypto analysts on Tradingview and/or YouTube have been posting temperamental TA when they wake up, see a candle, and feel compelled to post an update to their TA. Whipped around all over the place as BTC zig and zagged. Many did not...
Introduction For my adult life the advice has been to buy just by ETFs. And for the last decade or so the advise has also to been buy the NASDAQ ETF because it over-performs the other indices. It seems that advice is on the precipice of ending due to some long term indicators on the verge of flipping their switches. The MFV VSTOP is set to 3x and right now...