Irrational Exuberance! Bad news is good, good news is gooder! The gaps tell all. Measured move from the runaway gap ought to end up around 388 +/- 2 pips. There must be and certainly will be a pullback from a last exhaustion gap, may gap up sometime 1-3 Nov. Fed minutes on 3 Nov may be catalyst for pullback. Likely pivots shown, 1/3 speedline most likely, given...
This morning QCOM mapped out some picture-perfect speed lines.
Bitcoin lost its bullish momentum and the bears have taken over. I'm looking at personal buy opportunities that might be somewhat reasonable from where we are currently. Critical support areas are the main trendline (solid off white line), the 33% support line, and the 50% support line from $20 k. Speedlines at 33% and 50% could become potential support lines...
Using the Gann Fan to sift out potential areas for going short and/or long based on potential long term support trends on a log scale. 33% and 50% speedlines based on the current uptrend shows potential areas for a correction should we lose momentum. If the long term trendline is violated, potential support at 50% from $20 k could play a key role should things...
Taking a closer look at ETHs YTD Breakout Trend on a Log Scale Speedlines show potential fallback support. Previous ATH 66% Resistance Line becomes current Support Line for ETH.
Current Bull run testing its previous ATH close and closing in on 20 k
Basic Macro Trend Analysis using trendlines and speedlines Using All / Daily on a Log Scale
Looking at Basic Trends using All / Weekly for All Time Trends using Log Scale Support Trend Line from 9/27/15 to 11/23/20 $20 k Resistance Support Retracements at $6.7 k, $10 k, and $13.3 k Support Retracements at ~33%, and ~50%, and ~66% from $20 k respectively Support Trend Lines showing repeated vertical action with RSI @ ~85% at critical peaks Speed...
Parameters: Blue diagonal lines - Fib speed fan from ATH to trough White dotted lines - Fib retracement lines Green hlines: support lines found by reading the candles and watching price action Red hlines: resistance lines found by the same way, and in addition by looking at previous supports or resistances. At the moment, we're climbing up high and fast. It...
Tools used: Speed resistance fan, peak to present trough Retracement, previous trough to peak EMAs to watch crossovers SMA to see Shapes High volume, previously cheap coins all form the same pattern; huge price spike, then converging into a falling wedge. They all end up doing the same thing: baby pump. After Binance went down, I am suspecting a possibility of...
Here talk only about 2017, as that was his year, and no one of years before. On my post from 8 Dec2017, can see that BTC NEVER down less than 50% Fibonacci correction,. again in 2017 only, because BTC start to have big attention only since 2Q 2017 up. 17.12.2017 trend turn down on risky speed between 0.25 and 0.382 Fibo, with spike to 11,159.93 . which so near...
This is just an update about TRXBTC and my view about it. Here we've got a major growth channel (yellow lines) and a minor decay channel (white lines) - the thing is: we are inside both. I've applied fan lines where its channel lines origin (zoom out and you can see it) to see the speedlines. That's how it goes: if the 1/2 uptrend fan speedline have been broken,...
Speed resistance lines show decred keeping consistent. Strength building since it broke through previous resistance. I am looking for a retest of previous resistance now the support line and will put a buy order in on successful retest.
The weekly chart is largely bullish, and we also count with the quarterly 'Time at mode' signal that implies that price can reach 32.316 by July 31st 2017 or sooner, after the downtrend that started on April 2013 expired. I am long, and placed a tight stop as signaled on chart. If we get this right, it's a massive home run trade, so don't miss it. If you're not...
In this chart I examine the trends in the Russell 2000 index, from the perspective of the 3-day chart. We can see how the previous 'Time at mode' signals that triggered in the past, forecasted the duration and price range of each rally before a pull back started, and the speed line support levels held, giving way to uptrend continuation. Now, we're in a tight...