Teklologist

Teklologist Updated 

Bullish signal based on today’s closing price and volume. Closing price was trending lower until today Price closed higher than yesterday Volume higher than previous 10 days Price broke above 10 dma (cyan) Price broke above 20 dma (blue) Price bounced at about 50 dma (dark blue)

Teklologist Updated 

Using percent scales zeroed at 12 March’s closing price and cumulative volume total, we see that, on 17 August, both price and demand (increase in cumulative volume) had increased. However, as of 13 October, price had decreased whereas demand had increased. In effect, we see a shrinking supply and growing demand. For convergence, the volume line should increase...

Teklologist Updated 

I love hearing a person describe the way they’ve performed something as, “common sense”. You should, too! Ok enough jokes. Basically, I’ve used Zig Zag volume and RSI to identify possible EW waves. I applied Fibs to confirm a possible count as valid. I kept it up until found a count that checked all the boxes. Edit: Forgot to mention I also used the mid line of...

Teklologist Updated 

Might be difficult for Uber fans to find this chart because I had to overlay Uber on a cryptocurrency chart to have the time scale include all days of the week. Target price ranges between $63 and $90, but $66 is highly probably based on wedge, EW, and Fib as shown in chart. Displayed in the chart is as follows: Wyckoff accumulation contained by a wedge...

Teklologist

View chart linked below. I don’t know how to force all days of the week on time scale so I charted Uber on a cryptocurrency chart. Target price ranges between $63 and $90, but $66 is highly probable based on Wedge, EW, and Fib.

Teklologist Updated 

Don’t fall for Uber’s trick, instead play nice and wait for it’s Treat. Yesterday, Uber didn’t gain like most of the market did. Instead, Uber faked a close under 20 DMA but bounced upwards right at close. That bounce coincides with a long term trend line that had been acting as resistance but now appears to act as support. The pink vertical lines indicate...

Teklologist Updated 

10 20 50 and 100 DMAs BB macd gaps volume ... all confirming a possible breakout above the long-term wedge pattern. Please wine and dine her first, gentlemen.

Teklologist Updated 

We should be rich from trading crypto and driving Lamborghinis because trading crypto is easy, right? Just look at this enticing XRPUSD setup. Hopefully by now EACH OF US knows that setups like this one can be deceptive. Historically, XRPUSD is bearish in October. But, if we consider how market seasonality can fluctuate for equity trading, then we can presume...

Teklologist Updated 

Best way to trade is in 4D.

Teklologist Updated 

Check the chart. Approximate target shown. Wait for confirmation of breakout from channel to buy.

Teklologist Updated 

Any chart that isn’t tracking this is wrong. Breakout confirmation can be closer to 36.65 but ~$37 is sufficient. Price will target 1.618 fib level if valid.

Teklologist Updated 

If you need me to explain the chart then you shouldn’t be trading.

Teklologist

Aliens Clearly, this chart pattern is extraterrestrial. But, what does it mean?

Teklologist Updated 

Quick EW count of BYND indicates an price has started a wave 3 of some degree. The corresponding wave 1 contains an extended wave 1 of a lesser degree that goes from about $48 to $147. Blue line is low price, black line is closing price, and red line is high price.

Teklologist Updated 

An experiment. I recently published two ideas and then questioned whether the patterns could play out together. This is the mashup of the two ideas linked below. Ok, I’m done for today.

Teklologist Updated 

Problem solved. Explosion rally imminent. Now where’s my internet money? I heard the internet makes lots of money. You know I learned something today. We thought we could make money on the Internet. But while the Internet is new and exciting for creative people, it hasn’t matured as a distribution mechanism to the extent that one should trade real and immediate...

Teklologist Updated 

Chart depicts a forecast of how price could play out if Xrpusd is ending a re-accumulation that began 30 July. As noted in the linked idea that I published moments ago, price is also following a parallel channel. I frequently see accumulation take the form of a pennant and ascending channels turn out bearish. So, assuming re-accumulation is valid, I suspect the...

Teklologist Updated 

Price is trading in a parallel channel. Typically, for a valid breakout price tests each trendline 3 times. Currently, price has tested each trendline twice. Based on my experience in similar instances for both of crypto and equities, if price is to eventually breakout above the channel, then it will finish the bottom trendline tests before the top trendline...