ptero1492

ptero1492

I remember the last "Death Cross" - Media publications love the engagement that the headline can gain for them. More often than not this is a non-event. I am particularly bullish until March as I have pointed out. I expect a six digit high in BTC and ALTS to do particularly well. More often than not, the Area of MA cross acts as a kind of magnet. 2...

ptero1492 Updated 

Stock so undervalued they stopped allowing investors outside US to initiate positions. Shorts desperately trying to cover, but they won't allow this picture-perfect W4 bottom to break a new low. 0.618 extension from 0-3-4, gives a juicy 43 dollar target, cycle out to March most likely. This has been a big holding of mine since 0.38 and I don't plan to sell...

ptero1492

I think this bottoming pattern is working out great. We are dancing around the volume profile line. I expect a few freaky dips, but the bottom is pretty much in, I would be accumulating here if I had cash to spare and I look forward to regaining the channel, and ATH to follow in the next few weeks.

ptero1492

** Bearish divergence and rising wedge pattern should see BTC outperform GOLD** Thought the tweet wars will wage on between the two rigid dinosaurs. And though I sympathise with both sides. Lets look at the weakening chart here objectively. I've been looking for the BTC41k bottom for a while, and despite some scares we found it... Now after a good run, BTC is...

ptero1492

Based on the EW count, like a lot of other crypto charts we are in a long W4 correction that's tired a lot of people out. LINK is defying gravity, hopefully it stays that way when BTC resumes upwards. IF the LINK chart fulfilled destiny and met the 0.618 extension target then the price relative to a 43000 BTCUSD would be 374. So far we are flipping the yellow...

ptero1492

Volume rising, MACD turning, FED making some scary claims, any hint of doveishness will send us flying. Nobody will believe it and just when people get comfortable around March, we will take our beer money home.

ptero1492

Bottoming seems almost complete after alow amplitude impulse from the bottom into a light correction. Chinese economy has suffered tighter conditions than the US and has made space to loosen, all the while the US gets to grips with what has been coming for a long time now. Stocks like BABA seem to have found a bottom and Evergrande/RE news has also 'Bottomed'....

ptero1492

At the risk of sounding like a bear I think we have come too far, which is why we have seen the sharp pullback of late, I regret that I didn't catch this bearish divergence as it was emerging but my focus was elsewhere... Let's imagine we have completed the first five waves from the 2020 bottom. That means that we are overdue a pullback that retraces a good...

ptero1492

Not sure I would get to say this, and I am saying it with mixed feelings... But gold is back!! ( silver will lead, see stock picks below) The only reason I say with mixed feelings is that I was so unsure whether this consolidation would ever break/turn nasty, I sold my core gold and silver holdings some time ago. I commend all the silver / gold bugs who...

ptero1492 Updated 

Looking for the classic FED bottom. Undercutting here, causing me to revise the count. Now it makes sense and I think this power wave will be even more awesome as a result. Spike trade central may no longer be that easy to trade. Unsurprisingly when the sentiment was highest we had to take the red pill and go low for a while. Here we are with a beautiful...

ptero1492

Lots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our last chance at the big time! With the S&P (ES1!) driven to...

ptero1492

Not to worry though. We find ourselves at the gates to the promised land of final cycle run. As far as we can see, there is a decent chance that the FOMC meeting, which is what has everyone spooked, will be a positive for risk assets. everyone and their grandmother is positioning defensively, and we think this will work against them. Yes, rate hikes will be...

ptero1492

BTC long from the green box, No worries. We're experiencing the W2 pullback from the recent low. We expect that this low will hold. FOMC has people spooked, but we want the fed to act, not harshly, just enough that there will be only two rate hikes signalled for 2022. March 2022 is still the cycle high window.

ptero1492

thinking that global developed economies continue to climb a wall of doubts where Corona related fears continue to prove volatile across the board. I think this ending diagonal for the final 5th wave could play out into the summer, probably coinciding with rate hikes in the USA. Crypto might top out before this, S&P targeting 5000.

ptero1492

Macro looks volatile for now, and ETH sits at a crossroads. this move may have some huge implications. Positive; 1. We are currently above the volume defined support, meaning buyers are in control for now. 2. the 8hr chart is displaying a strong positive divergence on the RSI during the formation of this lower-low, this is often the signal of a bottom....

ptero1492

Good morning! It's been a crazy week. Let's see what CTSI is signalling and if how we might feel about it. - Most importantly wider market volatility has risen and we should expect that this will continue from here on out. We are entering late stages of the bull market, where risk is high but the most money can be made in the shortest amount of time. And to...

ptero1492

All across the crypto space, we have been grappling with an EWT wave 4 consolidation since the summer time. It has provided fantastic entries for those late to the game. I am of a firm belief that this window is now shut, and the final W5 to finish this cycle is beginning. If I were taking a guess at the ST trade, I think we mirror the last 15 day cycle based...

ptero1492

BKLLF has had the most solid basing pattern out of any OTC crypto stock I hold. It's not the strongest stock I hold, but It hasn't suffered any draw down to speak of in months. this is the floor and it's been reinforced over months. I could not present a better entry.