RICHINVESTOR

RICHINVESTOR Updated 

I think SPX500 is topped out and a very bearish pattern is printed. 1. weekly chart has a hanging man confirmed 2. gap down from hanging man has now been closed on weakness 3. lower time frame charts has triple tops 4. MACD has been decelerating since July 22, 2024.

RICHINVESTOR Updated 

I am watching closely a strong candle close with above average volume and above 0.382 fib retrace for BTC. This will signal a change in momentum towards the upside with an initial target of $62,063 and final target of $74,301. As at the time of this publication, volume is decreasing, money flow is up at 0.21 and price is attempting a break of the 0.382 level....

RICHINVESTOR Updated 

On the 1W chart for BTC, we have a descending channel with a three drive pattern formation. There is a likelihood of an upper channel breakout to above $100,000 per some wave counts. However, money flow and other oscillators on the weekly chart shows weakness in strength for that possibility giving the three drive pattern formation more validity. Supporting the...

RICHINVESTOR Updated 

So Stock market rallied to the anticipated September rate cut after an initial sell off earlier last week. I am seeing this rally as fake rally or retrace of the earlier sell off. I am seeing a gap window that needs to close as well as unsupported money flow for the rally. I think the rally will likely fail after the gap down window closes. see it on the chart....

RICHINVESTOR Updated 

Elliott Wave forecast and Fib golden level 61.8% at it's best on DXY. We are printing the end of wave 5 and now expecting a retrace of first 5 impluse move. This chart is a classic beauty. check it out on Weekly time frame, right down to the 4H frame.

RICHINVESTOR Updated 

BTC seems to have completed the wave 4 with price level right at the top of the high of wave 1 forming and forming a double bottom on daily charts, a nice inverted hammer candlestick on weekly charts too. I think BTC will rally a wave 5 target around around $37,000. Also note that indicators are at cycle lows on daily and weekly charts. Please these are my...

RICHINVESTOR

Does anyone else see a double bottoms forming on weekly chart of BTC? I think the bounce from this sell off is going to be massive. COINBASE:BTCUSD