MontyMacht

MontyMacht

The implied center of gravity (shown in the graph) is still the effecting force as BTC didn't complete the bearish pattern. Previously, I expected a fall to the 30K line (where we are right now, more or less), followed by a flattening and then an eventual rise. Falling to 20K was the worst case scenario I estimated. Now, however, the price and volume changes of...

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For the question in the graph, if you choose any answer that doesn't include Elon, congratulations! your IQ is more than 0. Many of the Crypto traders idolize Elon Musk to the point of laughing at his jokes on SNL. They like to think of him as Tony Stark of sorts and some kind of a modern redeemer who is sent into the "simulation" in order to take humanity to...

MontyMacht

The regression trend of the past 3 years is shown with a clear tilt towards the south. If I had included a few years before, it would have been even more tilted. Currently, we are still near the upper bound despite the previous down turn, which suggests that the pattern from last year should repeat, especially that there's a strong Bollinger Band squeeze int he...

MontyMacht

Apple's CEO may be defending its business model in court, but on paper and on the graph, Apple is faring very well. However, the market dynamics doesn't care much about fundamentals when it cones to cycles. Forming a Bollinger Bang squeeze at the weekly chart, the squeeze is about to release the tension the coming week. To determine whether this would drive the...

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The food is the support. The body is the limit. The wing is the history. The crown is the clue. And the eye is the target.

MontyMacht Updated 

This relates to my ideas 2 weeks ago in which I correctly anticipated the downturn but the pace was more pessimistic. I originally estimated support at 32200 last week, now I expect around 31K somewhere this month. It will be seen then whether we would proceed to a full crash or we will continue at the green trend line seen in the picture. I guess it would be the...

MontyMacht Updated 

Please look at the picture below instead of the interactive chart, if the trend lines are not shown in the upper chart. This relates to the major indices, including CURRENCYCOM:US30 , TVC:SPX , and CURRENCYCOM:US100 . Here, I am focusing my analysis on Nasdaq100 (US100) given that it's the most volatile with the clearest price changes. For each of the past 3...

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Fibonacci indicates that ADA has reached the apex of the current phase of the current bull, which still looks healthy. For the 4 weeks to come, the price should decline. The bull should resume after. This is also supported by the trend lines of March and September 2020, as well as volume profiling. Add to this that the latest rise was against the market's tide,...

MontyMacht

I already correctly predicted the downturn of last week (see linked ideas) but it didn't go through all the way I expected. Basically, we are at a Fibonacci crossroads. Either the trend would end this month or would go further for a few more. Either way, a correction is happening this month. There are many signs of ailing enthusiasm and the market is tending...

MontyMacht

The volumes levels are decreasing drastically each month (not only on Coinbase) and for the price to go back up consistently, one of the following reactions should take place: A massive and quick sell-off the brings the price to a level perceived as undervalued but not too low which triggers a spring upwards resurrecting the bull (40K seems to be a reasonable...

MontyMacht

Lots of Support and Dermand analysts are betting on the 48K region to spring BTC back to bullishness, but they are missing the forest for the trees. Here, I present the volume profiles of the upside parts of the latest massive bull of this year. As we can see, apart from the last ditch of an effort in the past couple of weeks, all bulls were backed by strong...

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When I think of crashes, I always think of NSDQ100, not because it is the most important index -- it is not -- but because it is the most volatile of the top 3. Fundamentalist would use financial jargon to define a crash, but technicians, they think in abstraction because that's what price graphs are providing. So, in abstract, a crash would be a sudden full to...

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I am forecasting that DJ30 would fall to the daily 100 SMA this upcoming week due to many indications, most important of which is Fibonacci, which is the subject of this idea. Other indicators will be shown in Part 2. Below, I am breaking down the messy chart: Fibonacci Retracement: For clarity, here I am using a simple Fibonacci cone without extensions....

MontyMacht Updated 

Here, I am using trend analysis to highlight market psychology, it's corrective actions, and why I believe this week is substantial. Ideally, after an abrupt market crash, the market would rebound to the same prices as before instantly or so. The Market Effifciency Hypothesis is not idealistic, though, and it takes into account the friction that it would take...

MontyMacht

Starting from March last year, that is from the start of the massive bull after COVID-19 lockdowns, strong correlation can be seen between the crypto market and the stock market, not in magnitude, for sure, but definitely in direction. This wasn't the case before and this is the reason of the crypto revival to begin with. Few exceptions have been witnessed, most...

MontyMacht

Here I am analyzing Tesla's downturn using geometry, volume, and trendlines. First, we have a major support line broken yesterday , after historically defending the price for 8 times successfully. Now, this is expected to turn eventually into a resistance as the price tries to jump back into the upper triangle. Since the last year, Tesla's price was forming one...

MontyMacht

Now for the final part of the analysis of the market trend and the forecast that it would fall this week. Do you believe in horoscopes? or God? Perhaps, this post could make you change your mind about one of them. The market movement is controlled by the mystic Fibonacci sequence. Whether it is by inherent design of mass action or due to the collective following...

MontyMacht

In addition to the Fibonnacci assessment in the first chart (linked) which shows that we are on a very important resistance level, this chart deals with volume and momentum. Let's break down what's important: Comparative volume profiles of the main trends since 2018. The major trend since March 2020 is broken into 2, separated by the market fall in July last...