Ronbaten

Ronbaten

The herd is completely bearish on the dxy, but the chart is showing something else. The herd is an amazing indicator What do we see: -Still in an uptrend -the 200 ema (blue line) -A resistance trendline becoming a support trendline? -A bull flag, so the under part of the flag So crossing of those 3 trendlines and the 200 ema is telling me that probably this chart...

Ronbaten

At this moment we're almost at an important trendline. A trendline connected from the 1929 high and the 2000 high. Something to consider!!! Will we cross that trendline? Are we Topping out? Everybody is Bullish, Almost all the bears trew the towel into the ring. Nothing can happen, everything is positive, only up up up. I think it's almost time to think like a...

Ronbaten

Everything is still fine, Trump and Elon will fix this! Or will they blame the democrats if this goes wrong? Bullish targets in red and the bearish targets in blue. Time will tell

Ronbaten

So on the weekly chart we have a black trendline that one is taken from the tops of april 2021 and Nov 2021. If btc can cros that trendline around 95500 and use it like a support, there's nothing in the way to reach the red trendline. The red trendline was a support line what was broken and after it became a resistance, Now again? IF the target 95500 is the top,...

Ronbaten

A warning, this is a big possibility! BTW the red target 5152 is taking from the btc chart.that one is crossed. On the M-chart we have a bearish divergence! So like we had on the top of jan 2018 and the top from sept 2018. Also from the top of sept 2018 and jan 2020, we can see a bearish divergence (blue and red arrow), you could also see what happened next. So...

Ronbaten Updated 

On the monthly chart, you can see a big bearish divergence (the blue and red arrows). That could give a good correction till the 200EMA (around 1350-1400) If we take the measurement from 2008, we had a correction of -33%. If we do this from the ATH to the 200EMA also we have a -33% (just a thought to keep in mind) Also there's a trendline. When and IF we will get...

Ronbaten Updated 

Yes i was bearish and wrong in the past.Didn't expect new ATH on the previous charts!!! If you look at the leg down starting in 2022, this was just a correction of the bull market (and yes i thought the beginning of the bear, but was wrong) Now my vision what the chart is telling, is that probably we're creating a M-pattern Maybe the BTC chart was giving the...

Ronbaten

The red trendline is an important trendline, when this one will be crossed with a open and close monthly candle, this will be bullish for Silver. For this moment that target is around 24,38. Keep an eye on that trendline. Crossing that red trendline will bring us to the dashed black trendline depending from the moment silver will hit that. If silver can't cros the...

Ronbaten

been a long time ago, but was busy with a lot of things... Fib 61.8° taken from the corona low and took the low from the pullback.And that target will bring us to around 5508. But we have to see and wait what it will do IF get the target of the double top around 4824 Will we get the same like the btc chart? it's possible. We could see an EW12345, after a...

Ronbaten

Last idea was a failure!!! Difficult for becoming a bull. A hard time for the bears (meaning when bears become bulls), that's when it's becoming dangerous. So on the bigger picture, the SPX went through the FIB 61.8°(4310) like a knife through butter. So that means it's not bearish. yes it's bullish!!! Only question is till when? On the Montly chart i took a...

Ronbaten

There's an uptrend channel (black lines), but danger lurks around the corner (imo). Why? The chart is showing heavy resistance aroud 4300 Resistance red trendline, even the black uptrend line has resistance on that area. Fib 61.8°area (4309) Hidden bearish divergence ( Red arrow HH-> LH in the price action, Blue arrow LH-> HH in the RSI) BUT everything is FINE,...

Ronbaten

Last idea on 9sept 2022 the first bounce area was 91.40 (it went lower till 84) What do i see now: -Hidden bearish divergence -2 Resistance trendlines (now around 121.61) and there's heavy resistance around 123.18 -On the Daily chart it's also in the oversold area (But this chart is the Weekly one)

Ronbaten

So on 6nov 2022 my thoughts used to be that if silver broke the flag below, silver could easily could go to 12.70, but it didn't. Silver broke above so that means the bear flag was finish even the death cross what i was speaking about. So now on 12/05/2023 that target around 12.70 is NOT changed for me. Why: -on the bigger picture you can see that it hit that...

Ronbaten

Creating a big M-pattern? On the Monthly chart you could see 2 trendlines(black) coming together. If it's reaching 185.09 we're creating a double top. it's a nice sell moment And bearish divergence (see the red and bleu arrows) Everybody is bullish on apple, even the bears became bulls ;-) But keep in mind it can go a little bit further then 185,09 but that's just...

Ronbaten

Going to the 61.8°FIB (14359)? That vertical black line is the pole of a bull flag. the one above is the copy of the lowest one (target around 14000) Also we should be in the oversold area if nasdaq will reach the 14000, and even then hidden bearish divergence is created When bears become bulls Maybe we're in return to normal fase. but that fase can take a...

Ronbaten

It looks the dollar is dying, and yes it's looking nasty BUT with the big run up, you also can see it like a good pullback. Everybody is bearish on the dollar but that's the thing what we want, right? Meaning when everybody is bearish, it's time to become bullish IF and only if it's crossing the 61.8°FIB with an open and close W candle. It's done with the...

Ronbaten

Working further on the btc chart from the past. For the moment it didn't reached the 28765. If it cross that red support line, i see btc going to that big black trendline (around 30705, depending when and where it will hit that trendline.) Like you can see there's a hidden bearish divergence because, on the bigger picture (the trend is still down) Going to that...

Ronbaten Updated 

Just looking forward Bear flag (Pole target) 61.8°FIB And there's a support line, will there come a second retest? There's a big possibility for me Just an idea for later on...