Incogniteaux

Incogniteaux Updated 

Without any consideration to the true wash-out the Coronavirus can end up exacting on the world markets, there is some rational thinking we can do with regard to support. The market is going to continue to go down, but this support level will keep it from going fully apocalyptic. If it breaks this support we'll see some real panic, but so far it's held. What we...

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I've said it before and I'll say it again- the vomiting camel is a sure sign of horrible things to come. And, so goes CU, so goes the market. Look out below suckaz

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I don't know who's buying eminis right now, but I'm totally blown away.

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I have been using the drawing tools in a different way today, more to see what the vertices of the confirmation points along that channel would express when I made infinite horizontal and vertical lines radiating from all of them. What is pretty obvious is that silver is in a long term upward trend according the the lowest points along the channel where there are...

Incogniteaux Updated 

Go long and hail mary

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Just noticed another bullish indicator with this one. I'm feeling better about this one every time I look at it.

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This rally has established a reliable pattern with a sizeable rally after most single down days. As well, it’s rallied after green hammers along the trendline that reliably last 10days four times, then down for between 5 and 8 before another rally. Current position is 6/21 calls at $10 strike. Cost is .50 per contract. Currently up fifty percent as of 1040am...

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Albeit lazily drawn, I present the dreaded “vomiting camel” pattern. I’m not making this shit up. There’s actually a pattern you can look for that is a serious fucking bear when you do. It’s got this ridiculous name for obvious reasons, but here it is and I’ve decided on the 4/46 long put, 17 strike. It cost .66 and is at .69 as of 1053am 4/12. I’m not going to...

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A promising bull pennant has formed. I'm not sure if it's developed long enough to be reliable, but it's there! LTC has a ton of potential and it's bound to shoot skyward eventually, but it's there FWIW.

Incogniteaux Updated 

People who bought at this price and are still hodling are going to be hard to scare off. I see a bounce here, but the stronger trend is the bottom pink trendline that we will eventually meet if we're to trust the trend. Typically, we trust the trend, but you never know. This isn't your everyday security. It's susceptible to different influences. They could...

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There's a head and shoulders pattern forming here. There is a wide latitude for the right shoulder to form, so I'm keeping an eye on it for the next week. There's some support above, but it could drop to as far as around $9.41.

Incogniteaux Updated 

As I sat wondering how accurate my 1/10 price target was, I saw potential for a more bullish perspective. The blue support could be what we're looking at for a trend reversal.

Incogniteaux Updated 

Using the most conservative metrics I can, whenever I do technical analysis, I find the baseline trend. What are the lowest confirmation points saying? LTC is still generally in an upward trend and I believe that it will stay in an upward trend barring any black swans. The psychology-fueled launch into the $200's will subside, but when that's done, and the price...

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I'm not bullish on this chart. We are dangerously close to breaking through a severely important trendline support, but we're not quite there yet. If we break down past 2076 then you can start stockpiling canned goods and buying ammo, but as for now, things are still okay. I wouldn't short just yet.

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This trendline, the dotted red one, goes back to the very beginning of '09. It's starting to develop as a very reliable support with five confirmation points this year alone. Depending on how trading shapes up, this is the line to look at as a signal to sell and short. If price action crosses this line significantly we're looking at a very serious situation.

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This declining volume situation is finally pulling the price action down to the direction it should be. As indicated for a few months now, this is a bear market. Act accordingly.

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The Brexit alone did not do this. The Brexit is revealing underlying market weakness. DO NOT BUY HERE.

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We've got some bearish activity going on the weekly chart. I mentioned the red dotted line a while back as being the last, real line of support going back to Obama's economic recovery. As you can see, the Brexit crash took us precisely to it and then pulled back. I believe this line will hold. It's only if this trendline breaks that we can assume that the worst is...