Bitcoin looks to test the bottom of our channel once again at around 54k and declining. Below that we have our 50 week moving average at 53.3k. It is possible that the bears make one more attempt to provide a solid kiss to our neckline at 48.4k. These are your levels of support. As such I have removed all stops from my current positions. This is probably simply...
Traders, Just a quick preview of what I expect for the week ahead and maybe the next few weeks?
Understanding where liquidity exists in the market can help enhance your trading success in a few ways: 1. It can help you understand where potential blocks of liquidation could occur. The market is often attracted to these block and will liquidate there. 2. It can help you confirm patterns that exist on you charts 3. It can help you spot new patterns which you...
Traders, The title says it all. Let's take a look at why another pullback could be in the cards.
Traders, As you all know, the SPY has been moving EXACTLY as anticipated by me the last two years. And that worries me. Don't get me wrong, I have thoroughly enjoy the profits that have come with getting it right, but what we have to be careful about when doing so well is over-confidence. Because if we don't take a couple of steps back and say to ourselves, "I...
Just an update on progress in the markets. The dollar has hit my support level already. Because of the quick drop, I expect it to continue to drop even further, though we may get a bit of a bounce first. The Vix is back down and inside of our long-standing sideways channel. And gold has hit its target to the upside. Plus we'll talk about where the SPY (and U.S....
Traders, Just want to take a minute to focus on two items from my chart. First, you will notice that yesterday we dropped from our bull flag and nearly re-tested my 48,415 neckline from that inverse head and shoulders pattern we have been tracking. I had stated in yesterday's video that I assumed we would re-test the neckline much sooner and that since we...
Yeah, it's bad. But is it really as bad as everyone thinks it will get? I don't think so. I'm going to explain why I think this is just a brief discount window before a bigger pump through the year-end.
Traders, Multiple indicators show Solana on the way to final target now of $230-250. My followers were given a signal at $120-140 and should easily double their $$$. We have an inverse h&s pattern inside a bullish triangle. Additionally, a double bottom pattern forms the right shoulder. This all shows us clearly that it will be hard to stop Solana. We have a...
Bitcoin is back on our trusty multi-year support from 2019. I expect a bounce off of this either tomorrow or Thursday. This will likely propel us upward to test the underside of our channel. Once we break that to the upside, our target will approach quickly.
Put on your oxygen masks ladies and gentlemen. The U.S. stock market is about to go ballistic. You all know from my daily chart, we nearly hit the target of my inverse head and shoulders pattern to the dollar. Target was 570. One of my recent posts indicated that I was selling half at 560, taking my profit, and parking it in cash. But now, I will take that cash...
Both U.S. presidential candidates Trump and RFKJ spoke at Nashville's recent crypto conference. Both outlined their strategies going forward should they become the next president. Though different, both had a positive effect on the Bitcoin price as the market pumped beforehand. But now that the conference is at an end, what can we expect from Bitcoin? You can see...
Traders, I tried very hard to upload a video to the TV platform today but was unsuccessful. It may be that TV is also affected in some ways by the Crowdstrike update, I don't know? Needless to say, my video will not be shown here and due to house rules I am unable to say where you might find it or if it is even available. So, in keeping with those rules, I will...
Traders, We knew it was coming. We knew alts were nearing their bottom and would heat up soon. We knew we would start to make and take massive profits like we did on one of our trade exits today (+64%). WE DID NOT KNOW THAT AN ASSASSINATION ATTEMPT ON FORMER PRESIDENT TRUMP WOULD START IT ALL. But this appears to be exactly what happened because prior to the...
Traders, Some rather ominous signs are showing in various markets not least of which includes the U.S. housing market. As you know, we have been periodically tracking the USHMI as a key leading indicator to show us where and when our coming U.S. (perhaps global) recession begins. We are close if we have not already begun, but I imagine there will be no ability...
Title is straight and to the point. We are now on the bearish side of our trend lines. Though, long-term, Bitcoin remains bullish and is, in fact, inside of a long-term bullish channel (bull flag), if we drop from this channel then 48k will most likely be retested as support. 48k, if you remember, is the neckline of our long-term inverse head and shoulders...
Traders, It feels as though I have been discussing a SPY top at around 570 for years now and I can see from the history of my posts that this is actually true. I first started with the premise that the U.S. stock market would experience a blow-off top of sorts. Elliot-Wave theory and technicals seemed to support this idea. Though admittedly, I am nowhere near...
Traders, As mentioned in my recent videos and posts, meme-coins (of all categories of coin) are looking positive here, especially those on the Solana blockchain. We’ve talked about Wif. We’ve talked about Boden (up 31% today). We’ve referenced TRUMP. All of these are on the Solana blockchain. All are doing well. Another one I have referenced, stating it is in a...
