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The Altcoin market has been beaten down for months, a minor relief rally at the start of 2019 has been followed by a slow grind lower for all but a select few names. Undoubtedly the Altcoin market is poised for a major move, the direction is unclear, but the compression in this market is undeniable. Big Picture: Left Chart - Currently sitting at the 50 period...

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The market has had a tremendous rally, but as traders we must realize that no rally can last forever, whilst i am bearish on the market over the longer-term (years), you simply cannot argue with the injection of liquidity from the Fed and the market lover Trump, doing everything he can to keep the market afloat. So in the next market pullback, i believe it will...

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* Left chart is daily and right chart is weekly Bitcoin appears to have had it's relief rally to the 20 EMA (left chart) and appears to be in the midst of a rejection at these levels, although there was relatively good volume it is presently lacking follow through. This rally was not hard to foresee, given the extreme oversold condition present at the time...

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SUMMARY OF ANALYSIS: - LTC has breached the key $50 USD level (as alluded to in my other LTC analysis article) and appears to be heading for the 90% retracement level around $35 USD. - Failure to hold this level would suggest that a full retracement and rejection of the most recent move is likely, this would put the near-term low at $20 USD in the cross hairs. -...

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SUMMARY: - Bitcoin testing 20 period monthly SMA (close below would be quite bearish) - Sitting at 50% Fib retracement from most recent rally to $14,000 USD (50% retrace is not a very reliable level, watch for 61.8% or even 78.6% retracement) - Currently testing long-term uptrend from 2015 (red trend line) - Bearish outlook on both daily and weekly charts with...

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*Remember to like, follow and share The advance decline difference is signaling that fewer and fewer stocks are participating in this most recent stock rally, in other words the rally is running out of steam. Does this mean we will correct tomorrow? Not necessarily, what it does mean is that we are seeing a divergence between the participating equities and the...

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SPX appears due for a near-term pullback after reaching the 127.2% fib extension target from the September 2018 swing high to thee December 2018 swing lows. Additionally we are sitting at the top of the 3 ATR band, this also suggests that we are near-term extended. I would expect a garden variety index pullback (no more than 5% or so), given the overall...

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Quick update: Watch for Bitcoin (or even just the futures to fill this gap), as you can see prior gaps were ALL eventually filled, i expect the same here. A move to fill this gap would also coincide with my prior call for a brief retracement, and would also present with a re-entry point for those who have yet to gain exposure.

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Quick one on AAPL: - Tagging 3 ATR on the weekly and daily time frames, suggesting that a pullback is likely - The trend (as shown from the curved line) has gone parabolic, which is impossible to continue on that path - Price has become detached from the 9 ema, suggesting that the run has reached a stopping point (most likely for a breather before moving...

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Quick one here. SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC. This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices. Another piece of information to bear in mind.

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TL;DR: Wait for falling wedge on monthly to resolve, look for opportunity to enter a long position on HL to gain exposure to gold mining industry With the recent uptick in gold prices, attention will obviously shift towards gold miners and other equities involved in the gold space, Hecla Mining (HL) is one such equity. As you can see from the chart a falling...

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Quick one on QQQ today, as you can see we are a hair away from the 1.272 fib projection ($199.42) from the prior move up (beginning in 2008 at the lows to the swing high/ low in 2015). Will this act as resistance? I would think so, we may have a few more positive days, but these fib levels typically act as quite substantial resistance, this is ignoring the clear...

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Apologies for the multi post, i feel it bears reminding (particularly for newer participants in the markets), it can be difficult to contain your emotions during exuberant moves such as these. This chart is the keltner setup, we are currently at the 3rd ATR, this roughly represents a std deviation of around 3, on a normal distribution (i understand these are not...

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As i noted in my most recent Bitcoin update, we were either going to see a big bounce from the 61.8% Fib level, or a big selloff, it appears as though the former is playing out. Bitcoin has surprised everyone with a two day rally (2nd day in progress) of over 40% from the lows around $7300 to over $10,000. I would suggest people not chase the move, wait for a...

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The Nasdaq is at an important juncture at present time, as you can see we are in a massive rising wedge pattern (that typically resolves to the downside when triggered). But it is also worth examining the last major bubble economy (given the current parallels) namely 2000 and 2007, in order to get a clearer picture of what is on the cards. From what we can see...

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As my Subs will be aware i was concerned with the recent price action with Bitcoin particularity the low conviction on any bounces and the continued overhead resistance, this was several weeks ago, when i was pitching a continued fall to the $7,000 level. Well we are currently at that level, so the question is where to from here? We are at a pivotal point for...

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Yes it is nothing new or original, but it bears repeating. The inversion of the 2yr and 10yr US yields still remains the holy grail of predictive indicators, once these yields invert (the 2yr yields more than the 10yr) start your stop watch to recession. DO NOT BE CAUGHT OUT Protect your wealth that you choose to hold within the financial system, think about...

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* Red line = Fed begins QE This is both one of the most sobering charts that any Equities investor can see, as well as one of the most exciting chart for Precious Metals investors. This is the Nasdaq/ Gold ratio (blue line, right scale) compared against the fiat NDX (orange line, left scale). What is immediately apparent is the clear correlation of these two...