bwy

bwy Updated 

I've been frustrated trying to figure out what the s&p500 is doing as it won't crash and won't recover. I think it might actually be forming a diamond bottom pattern: thepatternsite.com This is a pretty accurate sign of a bottom. It's likely to fully recover, so if it starts breaking upward don't question it. Good luck!

bwy Updated 

Looks like Bitcoin is up against resistance and could fall back to test the lows near 18K. If this resistance breaks then 30K is the next target.

bwy Updated 

S&P500 tapped its major uptrend supports last week and is holding above them. Great time to go long. It's quite unlikely to go much lower. Targets are around 4500 if/when the first major downtrend breaks (likely given the amount of short positions needing to cover). After that there is one last significant resistance above the last all time high around 4800. If...

bwy

So I completely messed up in the 20Ks thinking it would make it to the downtrend line resistance. Either way support broke and now we're headed to the bottom which has been support in 2018 and for the covid crash. I think 13K is a great bet and if it holds and breaks the downtrend then 45K is a probable target. Good luck!

bwy Updated 

Eth wants is looking toward $3100-$3200 resistance. It will likely go higher after that, but this is a good start, so let's see how it goes and provided it holds the uptrend after it hits this resistance then we can look for higher targets. While a large amount of eth is locked up staking, this makes a really great opportunity to long eth and pop the shorts....

bwy Updated 

All major stock indexes including NASDAQ100 S&P500, NASDAQ Composite, and Russel 2000 are at the bottom of their uptrend channels. They could all break down, but it seems very unlikely as all asset managers are significantly bearish going into support. When we finally rally these guys are going to be force buyers the whole way up. Initial jobless claims are...

bwy Updated 

USD has hit significant resistance. FX is never exact and often overextends, but expect this to be an area that would attract sellers.

bwy

Watch for a breakout from this downward trend. Each drop has brought in less sellers. The overly bearish sentiment and falling momentum would leave me to believe this will break upward. Best to wait for it to break. Good luck!

bwy

Bitcoin has hit all major support lines. The distance to first major resistance (purple downtrend line) is very large and presents a great opportunity to buy with a high target. Good luck!

bwy

Bitcoin has a hidden bullish divergence on large time frames, pointing to much higher prices than $20K and a larger percentage return than the 2016-2017 bull market that marked new highs in momentum. Bitcoin above $100K seems very likely in the next two years. Don't lose sight of this new bull trend by getting scared of volatility.

bwy Updated 

Bitcoin is sitting right on support. If it holds the risk reward back up to resistance in the 5Ks is very good. Next support is down to around 1800.

bwy

The NAS100 hit the bottom long term support trendline that also coincides with retesting support after breaking out of the rising wedge (S&P500 did a similar move in 87 after breaking its longterm wedge). It's still forming an even steeper rising wedge (likely to break to the upside as well). We should be on our way back up to the resistance in this wedge at 9100...

bwy

Expecting the range to break to the upside. Downward momentum is super weak on big timeframes. Shorts are likely to get punished shortly ;). I do expect the new uptrend to be rocky as any new trend is in the beginning. I expect the next uptrend to lead to >$20K as the momentum on the last move to 20K was the highest ever and should have a followup move to push new highs.

bwy Updated 

www.investopedia.com This is one of the few times I have seen such a large falling wedge in Bitcoin. Using the target rule in the investopedia article, we measure the wedge height and add that to the breakout price to get a target of 10779. I'm pretty sure Bitcoin is going much higher (like above $30K), but just for fun lets do the investopedia target.

bwy Updated 

tIme to buy bitcoin (anywhere in $6Ks is good). Pretty sure the monthly correction is over. Look for >$30K

bwy

Target $1700. It's been a long time since I can recall seeing BTC slide down the lower Bollinger Band on the daily timeframe. It's also been a long time since I've posted a short trade for BTC. I expect this is just a correction on much larger timeframes.

bwy Updated 

BTC just broke the June 2016 highs of 5200 CNY. This was really the last resistance before attacking a new all time high. I would expect BTC to make a new ATH here, in which case the targets become very large. This is one of the better buy signals I've posted in BTC. Prepare for lots of volatility so don't take too much risk as it could swing up and down with big...

bwy

I just happened to look at GBTC today and thought it was interesting how well defined the pullback resistance was. GBTC is back on the uptrend after breaking out.