willgeorgejr

willgeorgejr

EXTREMELY BEARISH As you can see in the circled section, the price broke through the long term support curve created back before the enormous jump. You can expect the price to continue falling along the short term resistance curve (bottom orange line)

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As you can see in the chart, TVIX has reached the point in which the short term resistance crosses with the long run support. What we see next will determine the next moves of TVIX's price. There are two possibilities to the future trends. 1) If the price drops below the support line prior to the intersection, we can expect extremely bearish behavior in the...

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As you most likely know by now, BTCUSD broke through the short term support line created back when it broke through resistance. However, since the breakthrough there have not been any major movements upwards or downwards. It is still a 50/50 chance whether it decides to head back up, or back down. Our only option now is patiently waiting to see whether it breaks...

willgeorgejr Updated 

As you can see, the long run support dating back to early 2017 rejected the recent downfall of BTCUSD from its peak position. Since this rejection, a new support line has become prevalent. We may be able to expect an rapid increase in price during the coming months if the support continues to reject any down thrusts. Additionally, on the 1 week MACD curve, the...

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As you can see in the TVIX chart, it appears as if a "Morning Star" pattern may be developing in the 4hr chart. You may point out that there is no uptrend piece - which is crucial to a morning star pattern - but on the 1hr chart this uptrend is very prevalent. Most Likely: Volatility will begin bullish behavior until it reaches the resistance curve, and then...

willgeorgejr Updated 

As pointed out yesterday on my ETHUSD futures chart, a head and shoulders pattern was developing - which typically leads to bearish behavior. However, as shown, we have broken out of this pattern further leading me to believe that we can continue expecting bullish behavior along the support curve. I look forward to an exciting couple of months for crypto.

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After the predicted downfall I previously posted, TVIX has officially broken through the support curve from late 2017. This is BIG news... You can expect volatility to continue plummeting to it's traditional resistance patterns and you can also expect the market to continue on it's upward trend before all of this talk of trade war. Welcome back.

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Similar to BTCUSD from my post yesterday, Ethereum (ETH) has broken through the long term resistance curve. This alone should be a sign that we may see drastic bullish behavior. Additionally, I pointed out that the key date to look at is when the support line intersects the long term resistance. I stated that if the price lays below the intersection, then we can...

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Bitcoin futures will become clear very quickly moving forward. There are three possibilities, one more likely than the others. The key spot to look at is where support intersects with the short and long term resistance lines. 1) If the price stays above these intersections, you can expect extremely bullish behavior over the coming months and possibly...

willgeorgejr Updated 

The "Moving Average Convergence Model," also known as the "MACD Model," is one of the most widely used indicators for trading endeavors. It consists of two lines representing the short term and long term moving averages. The blue line represents the 12 day short term moving average or SMA for short. Likewise, the orange line represents the 26 day long term moving...

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After much talk of trade bans, trade wars, and other wall street killers, the markets appear to be steadying out again. TVIX, the 2x Leverage for the volatility index has also gone back on track from it's original decline. As displayed, the resistance line has rejected the upthrust on multiple occasions which has proven to be beneficial. Although the price has...

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As clearly shown on the chart, the market is not in a downtrend as many may suggest. It has rebounded off of the underlying support line multiple times yet to break through. However, if it does make it through this point, it could very well go into a free fall towards the previous support dating back to 2016.

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The market's current instability is due to talk of "trade war" with China. However, the support line as shown has rejected the fall two times so far. Unless the market breaks through, you can continue expecting an upward trend.