Here's what that means. A long-term view. Traders, The pressure is on for these altcoin bulls to run through the end of the year. However, we are flirting with disaster this time around. Here's why? From the beginning, the 350 DMA (or 50-week MA) has always told traders whether we were in a bull market or a bear market. Though periodically, the price did stick...
Traders, In this video: 00:00 - Housekeeping. Thank you all for the polling responses. Greatly appreciated and helps determine site direction tremendously. Quite a few site changes have already been implemented. I will discuss these as well as added new features, services, and what my new indicator system is showing us. 00:08 - The weekly technical analysis...
Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I...
On Friday, my indicator combo gave us a big old SELL, meaning dominance by Bitcoin is about to dump. This does not mean the price of BTC will drop. In fact, it could continue to rise. What it signals is that the altcoin market is about to 🚀🚀🚀! Therefore, if Bitcoin rises, Altcoins will rise even faster. Get ready! The rocket ship is about to launch for alts....
A long signal was given by my indicator combination on Sept. 11th. Additionally, you can see the potential inverse h&s pattern supporting the signal. The pink ascending tl is also still holding for support. Target would be around $220 or once my signal flashes red whichever comes first.
Traders, This is insane! My jaw literally dropped when I back-tested my new signal strategy. While I was playing around on the charts, as I do, with a couple of different indicators, by sheer chance I discovered a combination of indicators that I had never seen or heard any trader ever discuss. I had seen them discussed individually. But no one that I know has...
Let's look at the 50-week moving average (350 days) and talk about what it tells us regarding bear and bull market cycles. Here's why we need to watch it closely right now.
As expected, SPY double-top looks to be playing out. I don't expect us to drop much lower than the pink ascending trendline. Maybe we'll touch that 200 dma before our full send. Let me remind you that the pink ascending tl is the neckline of a large cup and handle pattern on the bi-weekly, the target of which remains 650-700. This is still in play on the longer...
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.
