BTC A line of code that costs $107,000 American dollars. All I see is exuberance and the same jeering and laughing emojis when I mentioned TSLA was too expensive in other forums. The same mood. The same hubris. A line of code costs 107k. It was going to change the world, my coder friends said to me. It changed nothing, just a new "hype." And those come every...
SPY Weekly possible top at play. Possible double top needs a confirmation which would be a lower low than the right shoulder lowest low.
EURUSD negative divergence on the weekly suggests the trend down will only strengthen. This is a long term short, and will likely offer multiple entries which we will enter on the hourly and HOLD adjusting our stops by monitoring the weekly time frame.
BTC Remains in what is likely an ABC corrective pattern. We know that corrective patters are difficult to trade for both bulls and bears and here we see the strong whiplash movements on the 1hr. We are at a finality of the pattern very likely. Caution is warranted on the bullish side. We should look for a strong move down for confirmation the pattern is...
BTC remains in a corrective pattern that is now essentially compete. We can foresee new lows coming. We need a break of the bottom of wave A in order to confirm this pattern. Good luck.
The trend is back to bullish. We can see the RSI bounce off the 50% line. This is not good for economies around the world.
Though my first idea that BTC was in an ABC pattern was invalidated by a higher high, BTC remains in a corrective pattern and nothing that I see has changed my mind. We can then hypothesize that it is an ABCDE pattern, which as you can see for your selves it is ascending price action. It moves up at A only to turn sharply down to B, higher high at C only for the...
The comparison between leading crypto coins shows a huge discrepancy between them in terms of making new higher highs. As we can see (and though TradingView comparison is a bit wonky) other cryptos did not make new higher highs. Only BTC made higher highs. UNI is headed to make lower lows by the look of things. This is not bullish according to Dow theory. We...
USDJPY failed short term pennant (1hr)breakout targets and is also highly overbought weekly. Possible top at play. Elliott wave pattern seems corrective. Big, but corrective. I would wait for further confirmation such as another red weekly candle.
Most are bullish on cryptos again. Therefore we must be cautious as the HnS pattern could still be in play. Add extremely low volume and there is strong suspicion that this is an HnS pattern at play, which I mentioned way back in December.
BTCUSD Trend support approximately at 24400 or so. If that line is crossed we may be in a large corrective ABC pattern and we can see new lower lows as BTC would resume the larger trend down. For now we can expect a bounce at the trend line drawn.
Societal mood is what leads to trends in markets and even wars with other nations. As mood becomes more pessimistic as here the Nasdaq 100 demonstrates, as it fell Russia invaded the Ukraine 2 months into Nasdaq's fall from it's all time highest highs. Now as a sideways motion of "trendlessness" suggest that the pessimistic mood may be waining. Little desire to...
Tech long term looks bullish with hidden divergences supporting a bottom on a monthly basis.
The MACD shows positive divergence on the weekly time frame. Time to respect the divergences. As I showed in Dec 2021 they must be respected. 10 MONTHS RESPECT is what the bulls needed!!! We can not tell what will happen next but SHORT is not the thing to do.
EURUSD shows significant daily hidden negative divergence. This suggests that though the EUR may have bottomed longterm in short term it likely pulls back
Like I suspected many months ago. We see the hidden divergence set up to bottom. We need the oscillators to move above 20 and it confirms we are in a long term buy signal. It likely was the correct analysis that it was a complex ABCXABC or whatever its called ABCDE.