Given the lack of exuberance I expected to see at rally Point A when the stops would be hit I felt the need to re-examine the chart and make updates. Blow you will see how the trend, although slowed, is still in place with Bitcoin under the new resistance. The overall pattern I have drawn will remain for now. Barring a exuberance on price rally my outlook...
These lines represent the plotted EMA angles of SPY(close, 100) and SPY(close, 200). What is interesting about the current cycle is that it is behaving exactly like the cycle from 2019 ---where the white line begins higher than the pink at the beginning. This pink line is nothing more than the (difference) between between the other lines. If things continue as...
Not really much needed to say on this one. Need to breakout convincingly here or else its another bear flag at key resistance level before heading to the 0.5 FIB thats all.
IOTA IOTUSD Iota is testing important support at 3.229 with a low at 3.20. this latter level must continue to hold (and will do so long as Bitcoin holds up, which will not be for much longer now, it's just completing its own counter-rally now). Any failure to hold 3.20 will force Iota lower still to 3.03 and then should this level fail to 2.73 at least if...
Bitcoin Pressure says on whilst trapped within the impulse wave. Should hit 6928 soon and make a bounce...if short great - stay that way until Bitcoin can escape the parallel on the upside, whenever that comes (track it on 15 minute) and close out and go long for quick bounce to old support... That's Ok for day-traders, maybe, but swing traders are still...
GOLD: XAUUSD Update It's quite complicated and full of whipsaw - and there's likely to be more in store until DXY straightens itself out... Was waiting around a long time to get long at 1274 which looked like a good trade to begin with after an intraday low at 1273.25 as Wall Street joined the session...just hope you were smart enough and fast enough to exit,...