UnknownUnicorn12250317

UnknownUnicorn12250317

Kyber Network started trading on major exchanges at $1.88 in September 2017. It soon went to $6, then crashed to $0.11, and recently began to oscillate roughly between 1 and 2 dollars. On the weekly chart (not the one above) we see a multi-year cup & handle pattern. More importantly, price has reached a point of the handle where we could position ourselves for a...

UnknownUnicorn12250317

Since it’s low-volume weekend, let’s have some fun with numbers. Imagine this: - Bitcoin declines 3 times 21%. (= 3x7). - Each decline lasts 3x7 days = 21 days. - A total of 3x3 impulse waves. - If this is correct, liftoff is on 12 Jan from 40.4k. - That means the bear market lasts 63 days (= 3 times 21). - The total decline is then 40.4%, or $28k (= 4 times 7).

UnknownUnicorn12250317

NDX is completing a complex correction, unless this is a topping pattern. Signals are mixed, let’s take a look. Geometry: NDX has closed right above the lower channel boundary on Friday. Another trend line (in red) provides confluence. So far, the channel remains intact. The XLK however printed a rising broadening wedge, a bearish pattern. Oscillators We have no...

UnknownUnicorn12250317

These charts compare the two bear markets of Jun/Jul 21 and Dec/Jan 22. Both bear markets coincide with a lunar and solar eclipse (arrows). The 2021 bear market lasted roughly 3 times 30 days. The midpoint between the eclipses was also the midpoint of the bear market. Liftoff occurred 47 days afterwards. In both cases we see a capitulation candle and a range...

UnknownUnicorn12250317

Robinhood has been waterfalling down -70% since August. During the entire lifetime of the stock the Stochastic has been overbought only ONCE. The chart looks absolutely depressing, so let’s take a look if we should help and buy. Geometry: Price appears to approach the lower boundary of the channel. Currently the .5 fib provides support. Elliott: The stock only...

UnknownUnicorn12250317

Bitcoin has made its move and broke the support. But the macro bullish structure remains intact. Let’s take a look at a complicated chart. Elliott: We are able to count an ABC (in blue) if we ignore the spike on 4 Dec. This is (somewhat) justified when we look at the CME market / CFD products only, which don’t have this spike as it occurred on a weekend. Wave C...

UnknownUnicorn12250317

JD has lost a third of its value in just over a month. Let’s take a look if we can pick the stock up over the next days. Elliott: We are looking for a wave C with 5 sub-waves. We can count a completed 5-wave move to the downside now. Alternatively we expect one more wave to completion. These two interpretations give us two potential buy levels. Geometry: Price...

UnknownUnicorn12250317

HPQ got rejected at the channel median. HPQ CEO sold part of his holdings on 3 Jan. Elliott: We are able to count a complete 5-waves move up, suggesting the trend could reverse soon, or has reversed already. Oscillators: The Stochastic is overbought and the RSI shows a bearish divergence. Geometry: The channel median provided resistance on 3 Dec and might do so...

UnknownUnicorn12250317

MARA has lost -65% since November. Let’s take a look if we can pick up the stock from the bottom. Elliott: The count suggests that a 5-wave move is about to complete. This can be interpreted as wave C of a larger degree. Geometry: If the pitchfork is drawn correctly, we may have a potential support at the lower boundary. The 4th extension of the upward facing...

UnknownUnicorn12250317

SPX has reversed precisely at the upper boundary of the channel. Our old friend W.D. Gann was correct again: Markets make important highs or lows around 5-6 January. The FED played the catalyst. Geometry: The channel fibs can provide guidance for potential support levels (green arrows): 38.2% above the median at 4700 Median at 4640 38.2% below the median at...

UnknownUnicorn12250317

Gold has ranged in the 1720-1800 zone for the past 6 months. Price is now at the channel median, which is also the 61.8% retracement. Two things should catch our attention here: Gold is testing the 61.8% level again, which signals that it is not a reversal level but price wants to go higher. And secondly, it appears to hold the 21 day MA. If an asset begins to...

UnknownUnicorn12250317

Peloton has lost -81% since January 2021. The pain and destruction in this chart are real. But we know that nothing goes up or down forever. JP Morgan finally downgraded the stock on 31 Dec, which is so unbelievably late that we may now take a contrarian position. Elliott: We are able to count 5 waves to the downside. The 78.6% retracement is at...

UnknownUnicorn12250317

Hello traders, happy New Year 2022! The end of 2021 has given us a massive short squeeze as commercial traders booked profits and realised tax losses from short exposure. The beginnings of each bullish impulses correspond to the Solar eclipse on 4 Dec and Winter solstice on 21 Dec. This ‘Santa rally’ has catapulted SPX is right towards the multi-week resistance...

UnknownUnicorn12250317

Hello traders, happy New Year 2022! Bitcoin has been ranging since the Solar eclipse on 4 Dec, with a brief rally on winter solstice that was sold off soon after. Crypto was unimpressed by the “tax loss realisation short squeeze” in SPX and didn’t seem to care about yesterday’s 8% yield spike either. So, when will it ‘do something’? Geometry: BTC currently has...

UnknownUnicorn12250317

The DXY has been stalling since 24 Nov. and the weekly chart reveals an important resistance. Let’s take a look if the USD is about to break out - or crash. Stochastic: The Stoch is in overbought territory for the past 161 days. This is the longest period since 2015, and a dip into oversold is due. Pitchfork: The pitchfork and its internal Fibs appear...

UnknownUnicorn12250317

SHIB has been in a waterfall to the downside since 27 Oct, losing about -67% of its value - a very typical correction in crypto land. Understandably, many will short the current breakout, but is it the right decision? Elliott: It is difficult to get a clean count, but we are able to interpret it as an abc correction with 5 sub-waves in wave c (in green). Shib has...

UnknownUnicorn12250317

IWM has been in a range for 329 days. It has tested the lower boundary 7 times. Many analysts now believe that 2022 will see a rotation back into value and small-caps, after 2021 was the year of the big tech corporations. Elliott: The range makes it difficult to determine a clean count, however we can count 5 waves to the downside in the last swing from 8 Nov....

UnknownUnicorn12250317

Gold has been ranging for over a year around 1800, with deviations of +/-7%. Today here we are, back at 1800. Wyckoff: The range gives us a chance to do a Wyckoff analysis. It is possible to interpret the structure as a re-accumulation with a spring and two tests afterwards. We need to see the LPS and SOS phases next to confirm this interpretation. Elliott: We...