On the above 2 week chart Gold price action has completed the much anticipated Cup and Handle forecast to $2700, which was where Without Worries dabbled with a “short” position and was promptly stopped out much to the bugs delight. Price action has rallied 180% since the 2016 lows, amazing. The increased Money supply / Money printing is the reason I’m often given...
On the above 13hr chart price action has dropped 80% in the last 50 days. Now is a opportunity to scoop up some magic beans from desperate sellers. Buy why? 1) Price action and RSI resistance breakouts. 2) RSI trend reversal. 3) Regular bullish divergence. Is it possible price continues down? Sure. Is it probable? No. Ww
On the above 16hr chart price action has corrected 96%. A number of reasons now exist to be bullish. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. 3) Regular bullish divergence. 9 oscillators print positive divergence with price action. 4) Falling wedge forecasts 2000% move to 70 cents. Is it possible price action continues...
as market participants quietly allowed themselves to forget about the CEX Ponzi scheme that was FTX supported by its wealthy social media shills, Bybit is hacked by North Korea for $1.5b... not hours after Coinbase CEO Brian Armstrong claims lawsuits against the industry will be dropped. What further evidence is needed as to why this industry is doomed to...
Price action has corrected 85% since mid November, a number of reasons now exist to have long exposure. They include: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. Look left. 3) Falling wedge confirmation forecasts circa 550% extension. Is it possible price action continues correcting? Sure. Is it probable? No. Ww
** weeks ahead ** Is the market top in? This next move in the market will certainly convince the crypto folks that it is. According to social media, Youtube influencers etc.. the bull run is just beginning. That is in despite of a swathe of News article headlines “Bitcoin reaches new all time high $100k” and the janitor I have not spoken to in 10 years asking...
On the above 2 day chart of TOTAL 3 (crypto market total excluding both Bitcoin and Ethereum markets), an Adam & Eve pattern confirms (see link below for details). What follows next is the most exhausting sideways trading period that typically lasts a period of months ending with traders capitulating. So the crypto market so going to crash? The depends, are you...
**short term analysis - Days and weeks ahead** On the above 3 day chart price action has enjoyed a massive 320% rally over the last 2 months thanks to you know who. A number of reasons now exist to be “short”, despite the myriad of long ideas currently on the platform. 1) Price action prints bearish divergence. 2) Price action was recently outside the...
On the above 3 day chart price action has moved up 700% since last August. A number of reasons now exist for a reversal, they include: 1) Broken market structure. 2) Price action and RSI support breakouts. 3) A reliable bearish crossover. 4) No support levels until 1.90. A strike of 1.50 is probable. 5) "Short" active from $4.05 area. Is it possible price...
“Airbnb a tech company and its founder and CEO Brian Chesky isn't shy about that.” source: hotelsmag.com It’s an online letting agent! A $86 billion one at that. Feels like WeWork Déjà vu all all over again. A landlord with a cool name and a website now becomes a tech company. AirBnb was always on my list for accommodation searches when travelling. Today a...
On the above 2 day chart price action has printed 100% gain since September. A number of reasons now exist for a bearish outlook in the near term. They include: 1) Price action failed support. 2) RSI and MFI failed support. 3) Strong bearish divergence with price action. 10 oscillators price negative divergence with price action at this time. 4) The $72k...
On the above 16 day chart there are some interesting observations worthy of attention. 1) Bearish divergence. Not just any divergence, a divergence that is measured over 3 months. It is the same divergence used on the recent "short" idea on Ethereum, published in Mid December at $3700, now $2600. Is this time different? 2) Support and resistance. Look left at...
For the past decade, since 2012, a specific pattern has emerged that has consistently proven to be a reliable predictor of when the next market top will occur. The first 2-day life cross (red circles) that prints after the previous market top has been an accurate predictor of the time until the next market top since 2012. At most that time is 745 days away and...
Requested TA, more than once. On the above daily chart price action has dropped over 80% since early December. A number of reasons now exist for a long position, they include: 1) Price action and RSI resistance breakouts. 2) Volume, a lot of new volume. See MFI breakout. 3) Reversal / hammer candle. 4) Resistances as shown, first 170% above. After that, blue...
** long term forecast, the years ahead ** On the above 2 month chart price action has rallied 700% in the last 9 years. A number or reasons now exist for a bearish outlook. They include: 1) Price action and RSI support breakouts. 2) Legacy support confirms resistance. 3) A rising wedge formation confirms breakout, with 50% correction forecast to $220. (see...
On the above 15 day chart price action has corrected 90% since late 2020. A number of reasons now exist to be long, they include: 1) Price action and RSI resistance breakouts. 2) MFI resistance breakout, in other words volume or money flow is increasing. Follow the money. Someone knows something I don't. 3) Support on past resistance. Over the last 20 years...
On the above 4 day chart price action has corrected 90%. A number of reasons now exist for long entries, they include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Past resistance confirms support. 3) Point no. 2 confirms a “double bottom” in price action. 4) Notice the 4 day hammer candle? 5) The falling wedge confirmation...
Patiently we waited and finally it has happened.It was the month of January 2025 when this immense bubble would break support. 2 years after it first confirmed in September 2022. A number of reasons now exist for a bearish outlook. Look left. On the above 5 week chart: 1) Price action and RSI support breakouts. 2) RSI support confirms resistance on past...