


So we had a massive push up once we broke out of the falling wedge (check out my last post) WE went up 50% Weekly looks overextended Weekly needs higher low Resistance in this area: Previous area of support, now resistance for MACRO structure (3 months) 0.5Fibs from the top Rising wedge resistance Bull volume on last candle is not that great, lower than bear...
Bulls waiting for D HL. Between 35-32k optimal Waiting for 1 HR range to form A nice rejection from 40k with a nicely executed bull trap
RSI of almsot 200 Days trendline And falling wedge 30 Days With multiple times Support Held
SPY is going absolutely insane with the bull move since COVID low - A huge rising wedge on 3M chart had a overthrow bull break, hopefully it doesnt do similar to what GOLDSILVER ratio did. Also had a massive MACRO rising wedge, with bull break overthrown and now has collapsed since - Also a 3M RSI is at the possibility of double top at 75 and contination of...
Range to form, especially going into the weekend. This formation is what im looking for, which can take us to the end of March. Unless if we get some crazy volume coming in from more We may be going down or sideways for months I hardly can picture any fundamental news that can push the BTC price up. The big boys that wanted to buy already bought. That was...
looks good, got nice breakout with big bull volume (positioning). Bottommed out and now uptrending on the daily. if not in already, youre looking at entering on the break of last weeks high and good increasing bull volume. However the stop will be a problem as we dont really have any daily supports nearby. Closest D HL being at 43.41 which is 20% below. Another...
Gold -W trendline (630DAYS!!!!!) BEAR BREAK! vs -M RS Support from 2013 This is going to be fight of the titans, as both of those are strong signal. This may lead to a complex consolidation pattern that is hard to read over the next few weeks. Possibly with lots of fakeouts, and ranging Also on watch is -W channel, bear volume notable
MACRO BREAKOUT WATCH D ascending Triangle forming for 14Days. Total Consolidation = 27 Days Flirting with ATH resistance Other things to watch: ETH watch - D ascending triangle - D/4H rising wedge - CAREFUL OF REJECTION - D RSI trendline resistance//bear divergence - ATH resistance - D RS close= 1392 - ETH/BTC SUPERMACRO breakout test and rejection so far PLAY:...
Bulls want: hold the 640 days trendline support break above weekly channel Also need to watch weekly falling wedge on DXY. If that breaks up then Gold is likely to go down getting pretty soon to a break either up or down. Plan accordingly! Watch out for fakeouts, there has been a lot recently
HAPPY NEW YEAR 100% gains
1. GOLD very nice technical bounce off support: -Monthly RS(going back to 2012) -D Oversold RSI -Converging trendlines from Daily structure formed 2. Currently gold is at resistance -D RS=1863 -W 8 and 21 EMA's (yellow and blue lines) 3. If the resistance breaks (we close above it) then next resistance is at - 2011 ATH1921 - and top of a D parallel channel...
Re-testing prev ATH from 2013 in 2017 rally (4 years span). We have a huge dump of 35% after a massive rally that looks similar to the rally right now towards prev ATH of 20k!! Super care required Note: - HUGE rally towards the end - climax volume - bearish divergence - D 8EMA is a good guide Similar to now however the only one sign absent is the climax volume!...
GOLD Red Flags - Broke down from M RSI rising wedge! - Very extended on M RSI above 70 - Reversal candles on M - Broke down D structure and - Broke down below 2011 ATH - Re-tested ATH + broken down structure, and getting rejected from it - D formed a bear flag and broke down - D RSI resistance=55 + hidden bear divergence - PLAN: +++Stop out of partial SLV if...
GOLD - Key Area retest for GOLD here - Previous bear break RS zone - 2011 ATH key level - D 21 EMA resistance Rejection could spell more downside. Bulls hoping to either break through on volume or stall here for a while and then break through
SILVER 30% dump! D OS Golden Pocket support and Long term action from years ago
GOLD DAILY -Broke bear out of the tightening EQ on increased volume -Bounced off the Weekly long term channel -Closed below the 2011 ATH which we kept for quiet a while. And currently below it. Bulls really need to push up and close above it or we are going lower possibly back into the weekly channel - Plan: Wait and see if we can push back up and close above the...