Itsallsotiresome

Itsallsotiresome

Ethereum at the weekly view. Like Bitcoin, I had to use the logarithmic scale due to its volatility. Log scale is better for long-term views which accounts for volatility over time. Ethereum specializes in smart contracts. A smart contract is a decentralized digital contract that legally binds the parties without third parties intervening. Whenever you do any...

Itsallsotiresome Updated 

ES at the daily view. No, this doesn't mean I am back. I am currently waiting for this overseas conference call to begin. 1.5 months ago, I said that I was being cautious with my longs. My anecdotal warning sign is when I saw Lindsay Lohan and Amanda Cerny claiming to be traders too. That pullback came in very shortly after I said that. Murphy's Law. Go...

Itsallsotiresome

VIX at the daily view. No, this doesn't mean I am back. I am currently waiting for this overseas conference call to begin. Spot VIX visited and bounced from the 200 week SMA as predicted last month. That's where I theorized the beginning of a possible VIX spike. With closing prices, VIX created lower lows, but the RSI created higher lows. That's the early...

Itsallsotiresome

VIX at the weekly view. This is probably my last posting day for a while as my work days gotten longer. I'm still at the office as I am typing this. Let's make this simple. Green line is the 100 week MA. Pink line is the 150 week MA. White line is the 200 week MA. VIX is still in a long-term downward channel and there are multiple resistances above. Closing...

Itsallsotiresome

NQ at the 4 hour view. I know it's been a while since I last posted. I've been absolutely swamped at work with 12-14 hour days, but I'm finally seeing the light at the end of this tunnel. Well, we are here. We are near 14000 for NQ. We probably won't get there in one shot, but it's pretty inevitable at this point. Ever wondered why I was being bullish for...

Itsallsotiresome

ES at the 4 hour view. I know it's been a while since I last posted. I've been absolutely swamped at work with 12-14 hour days, but I'm finally seeing the light at the end of this tunnel. Well, we are here. We are near 4000 on the ES. We probably won't get there in one shot, but it's pretty inevitable at this point. Ever wondered why I was being bullish for...

Itsallsotiresome

VIX at the daily view. I know it's been a while since I last posted. I've been absolutely swamped at work with 12-14 hour days, but I'm finally seeing the light at the end of this tunnel. The VIX is back to its general downward channel. From the looks of it, volatility will be limited for a while. When it comes to volatility vs liquidity, liquidity usually...

Itsallsotiresome

NQ at the daily. It's been a while since I looked at the NQ chart. I cannot believe those trend lines are still working. Currently NQ is in an ascending wedge. However, NQ had many ascending wedges before. There are 9 supports before 11,000 can be touched. So a March 2020 crash is very much unlikely. Besides, if there is one lesson that I've learned in 2020,...

Itsallsotiresome

ES at the daily. After looking at the ideas about ES, it seems the most clickbaity concept is a once-in-a-decade crash like March 2020. The ES is in an ascending wedge. That's the smaller view. The ES has been in many, many ascending wedges before. So a pullback or short-term downtrend is natural. Let's look at the bigger picture. There are 9 support before even...

Itsallsotiresome

VIX at the daily view. Whelp, I was wrong. VIX did reach over 30 while most of us were sleeping. It was a temporary shock from Europe that did it. The VIX got stopped by my wedge resistance (blue line). For now, that white line seems to be the pivot point... that's why I kept it. The VIX is doing something a bit weird. I can clearly see a ramp up (for now). If...

Itsallsotiresome

Day 5 since Trading View erased my work in over 60 charts. Be sure to save a backup of your work. VIX at the daily view. It looks like my lucky guess was right yesterday. The VIX is in washout mode and hunting both sides. This time, the VIX punished permabears who chased the VIX jump. Why did they chase it? It's the mentality of trying to get rich quick. The VIX...

Itsallsotiresome

ES at the daily view. Day 4 since Trading View deleted my trend lines and refuse to restore or own up to it. Trading View's customer service will not help you at all. So, make sure you save a backup copy of your layouts. Because Trading View's customer service is as useless as a permabear/permabull's opinion. I am now in the process of restoring over 60 charts by...

Itsallsotiresome

VIX at the daily view. Day 4 since Trading View deleted my trend lines and refuse to restore or own up to it. Trading View's customer service will not help you at all. So, make sure you save a backup copy of your layouts. Because Trading View's customer service is as useless as a permabear/permabull's opinion. I am now in the process of restoring over 60 charts...

Itsallsotiresome

ES at the daily view. Long story short, I am very angry at Trading View for erasing all my recent trend lines on all 62 charts that I track. An entire month's worth of work was erased as of this morning. Has anyone else faced this issue? Luckily, I was able to recreate my ES chart by memory. The ES has been overextended for days and finally pulling back. Do I...

Itsallsotiresome

VIX at the daily view. Long story short, I am very angry at Trading View for erasing all my recent trend lines on all 62 charts that I track. An entire month's worth of work was erased as of this morning. Has anyone else faced this issue? I managed to recreate the VIX chart by memory. The VIX is beginning to get out of its bottoming pattern or its "dance."...

Itsallsotiresome

VIX at the daily view. The title speaks for itself. Like I said before, VIX is not showing signs of a ramp up or uptrend. There was a bullish RSI divergence, but that takes several days before it actually resolves itself. Right now, liquidity is still high and market breadth increased. So, that means rallies in the ES are much more sustainable. Moreover, imagine...

Itsallsotiresome Updated 

Bitcoin at the weekly view. So now Bitcoin is the talk of the town when BTC broke its multi-year resistance (orange line). That's how BTC works. It does nothing for LONG time and then it explodes. From a big viewpoint, BTC has been following a certain channel angle for years. Yeah, there are lines below, but I choose to hide them and only highlight the relevant...

Itsallsotiresome

VIX at the daily view. VIX is still finding support below. The VIX did a forced support test a couple days ago and it wasn't enough to launch. That said, the RSI divergence is still there. However, it is still subtle. This shouldn't come as a surprise. Holiday weeks are notoriously low volume and they tend to float sideways to up. So the ES would stay largely...