Quick history recap, history doesn’t repeat but, it often rhymes. From the 1917 peak to the 1920’s bottom price dropped around 46% sounds familiar? After the bottom in the 20’s price boomed over 500% up until the 1930’s. If you bought in July of 1924 (exactly 100 years ago) price went up another 200%+ before the Great Depression. We don’t know the future and we...
A few weeks back I posted a swing idea of USD/JPY being a bullish for a while. Price reached my target of 1000 pips and appears to be pulling back temporarily. Another opportunity might be around the corner for more longs. Stay tuned
The USD/JPY currency pair has been on a strong uptrend for the last couple of years. Current interest rates in the US are around 5% and in Japan they’re still negative. This provides a great opportunity for a positive swap trade as you’ll get paid every day just for holding the position. Price last week went below the inside bar and trapped a lot of shorts in the...
This chart is a simple Elliot wave analysis of the cryptocurrency Ethereum. This chart is on the monthly timeframe using a line chart for a clearer picture. The starting point is an impulse leg with a small pullback with indicates impulse instead of correction. Price after completing 5 legs with an extended 3rd leg finally topped and retraced perfectly to the...
M analysis. Used a mix of line graph And price action. Used price action to Find a good outside bar staring point And good support level. Then used Line graph to count Elliot wave corrective waves. Found a double three with 3 zig-zags. I believe the bottom is and used fib retracement to find bottom of next pullback
Bitcoin for the last several months has been in a strong bear market. After the strong 5 wave rally Bitcoin has been in a very long correction phase and formed a perfect expanding triangle. The most recent bear market was the final “E” wave of the expanding triangle. Price also perfectly bounced off the .786 Fibonacci level and bounced off the triangle border. The...
Btc on the weekly appears to be headed to the 20,000 zone. I’ll be watching in the coming months.
This analysis is based purely on technicals! Since the 1920 high us inflation has been on a long term downtrend. I connected the 1920 high with the 1947 high and the 1980 high touched the trend line and reversed with no overshoot. Now price is touching the trend line for the 4th time and we’ll have to wait and see if the long term downtrend continues or if we’re...
Dow Jones looks bullish on the D chart. Good time to get in long. All descriptions of my analysis are on the chart. Comment your thoughts below
The new delta variant of covid and inflation is just now starting to spook investors. Price is overextended and finished a 5 wave impulse and now has some possible downside correction in the near future. Look for a possible 15-20% decline in the Dow Jones to possibly bottom out around 28000-29000. No market can move only up corrections are a part of it just make...
BTC and all crypto's have been crashing these last couple of months but the bottom is near. Not sure how much longer it will take but it appears that it might take another week or 2. Price might test 28k and maybe dip a bit lower but will most likely close above it on the weekly timeframe. My analysis is based off of elliot wave theory and all ratio's have been...
Btc appears to be on the way to $100k after finishing a simple abc correction. Once price breaks highs the sky is the limit for bitcoin. We’ll see if investors will continue their flurry of buys soon but it’s better to get in sooner rather than later.
Btc is not bullish yet. The levels I placed are where I believe bitcoin will go to before it’s continuation of the bull run. Retail investors are so eager to hop in the market at any price but if you prefer to be with smart money you’ll be patient to maximize your profits. Good luck investors
Good possible gold trade with over 90 points (900 pips) in profit. Stop loss below the previous low for a good RR. Can set a lit order here or around the .618 level
Btc top was perfectly called in my previous analysis and now I believe it’s bottomed out. Price finished a beautiful 3 wave pattern to the downside bouncing off the .618 level on the candlestick chart. On the lower timeframe price is forming a bullish 5 wave pattern. Price is primed for a buy right now but, if you prefer to be safe wait for price to pass $34k....
I posted a Tesla analysis a while ago and was wrong on the top and I re-analyzed the market on a higher Timeframe and realized that tesla still has room to the upside. Price is now consolidating in a bullish pennant (triangle for elliot wave users) and I believe it will breakout to the upside either first or it will make a fake breakout to the downside before...
I called the first bitcoin top let’s see if I can call the second one. For me personally bitcoin shorts are risky but the risk to reward on this one is really high (1:10) and most markets generally drop faster than they rise. So if you do take this trade make sure you properly calculate your risk as bitcoin is very wicky. Personally on bitcoin I don’t recommend...