PERSONAL SAVING RATE RUNNING ON EMPTYThis chart shows that personal saving is at the lowest in US Record . TIC TIC TIC BOOM NO SAVINGS RECORD HIGH RATES ON CREDIT CARD . AND CONSUMER SPENDING AT A RECORD HIGH . . ONCE UNEMPLOYMENT TICKS UP I WANT TO PUT THIS OUT THERE THEREIS ONLY TWO THINGS THAT CAN HAPPEN 1 PUT CASH DIRECT INTO THE ACCOUNT =INFLATION OR CONSUMER CREDIT DEFAULTS START Auto repossessions at a rate of 15,000 a month . or a 3th way debt forgiveness, The MACRO Picture over the next 18months, is NOT good Civil Unrest , homelessness.
AND
PROSBUSD - Bump and Run Reversal Bottom Pattern?Bump and Run Reversal Bottom Pattern
The bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
XAUUSD : WEEKLY TRADE PLAN There hasn't been a pullback on the weekly chart since the downtrend structural breach at 1820. I'm therefore aiming at the 1852 level of the 50% fibo retracement.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Are rabbits the new dogs ? LTRBT/USDThis has had a good week, and this being the year of the rabbit its got good meme potential right now. i think its possible we get some kind of cup and handle pattern forming at the previous high and then a big move up, its been around a while , i think it started out as spunk bunny or something and pumped on an Elon Musk tweet, since then theres been a migration and this is the first decent move its made since then, worth keeping an eye on and maybe try to snag a small bag if it makes a cup handle . really you'd want to see the handle stay in the top third of the cup
Russel 2000 Head and Shoulders in playAfter another head and shoulder that broke to the downside, we find a similar pattern playing out. As the RSI is pointing down whilst there is a downtrend in play, we are looking for the head and shoulders to be completed and break down.
The next target corresponds with the previous supports of dec. 2018 and aug. 2017.
Binance Coin BNB Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Binance Coin BNB are:
BNB/USDT short
Entry Range: $270 - 280
Price Target 1: $255
Price Target 2: $239
Price Target 3: $219
Stop Loss: $298
AAVE most likely to go downAAVE, previously LEND, is one of the lending companies that are not down yet.
Most likely it will feel the contagion of FTX on others.
I have a short position in it since this post:
AAVE/USDT short
Entry Range: $57 - 59
Price Target 1: $50
Price Target 2: $37
Price Target 3: $20
Stop Loss: $69
ETH could have bottomed at $1000ETH hit Head and Shoulders target at $1000 on June 22, 2022. Simultaneously, it bottomed out on the RSI and touched high of 2017.
The chart is aligning to show a major bottom here.
All that is left is to break out of the major and minor wedge patterns that are aligned as well!
Do you agree?
Coinbase to delist Bitcoin Stellar XLM from Coinbase Walletpast short setup
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
XLM/USDT short
Entry Range: $0.085 - 0.090
Price Target 1: $0.079
Price Target 2: $0.0.071
Price Target 3: $0.069
Stop Loss: $0.111
DASH prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it.
My price target for DASH for the end of the year are the following:
DASH/USDT short
Entry Range: $45 - 50
Price Target 1: $41
Price Target 2: $38
Price Target 3: $32
Stop Loss: $55
Monero XMR prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it.
My price target for Monero XMR for the end of the year are the following:
XMR/USDT short
Entry Range: $148 - 155
Price Target 1: $140
Price Target 2: $134
Price Target 3: $125
Stop Loss: $169
POLKA DOT MASSIVE HEAD AND SHOULDER !!CRYPTOCAP:DOT
after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well.
the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen)
I am looking to buy polka dot under $6 which is really great opportunity for long run. we could see polka dot close to $3-$4 in lowest time of the market. which is still a healthy correction for next run.
we are not going to make new All time high up until next year I think.
i am now waiting for neckline to break and i will put a massive $1 MILLION worth of trade :)
Happy trading
PROSBUSD - Double bottom pattern?What is Double Bottom Pattern?
The double bottom pattern looks like the letter "W". It indicates an trend and momentum reversal in a particular asset. It is best for analyzing the intermediate to longer-term view of a market. Double Bottom Pattern one of the most reliable reversal pattern after Head and Shoulders Pattern.
How does Double Bottom Pattern Work?
Double Bottom Pattern works in two phases:
Phase 1:
When the major trend is downtrend and forms the first down peak, then from the support the prices bounce to a new higher resistance and unable to break that resistance.
Phase 2:
When prices are not able to break the resistance it again goes to the same level and take support form similar levels forming second down peak also double bottom . Again due to demand the prices rises up to the resistance and break that resistance. Increase in volumes during breakouts further confirms the reversal move. This marks the completion of the pattern.
Above Chart Explanation:
This is the daily chart of PROSBUSD here we can see in a downtrend prices take support and forms a down peak one and took support form there and bounce back to the above resistance. But prices were not able to break it instead prices got rejection from resistance and the prices again go down forming second down peak. This is where we are NOW . What next? Well, after taking support the prices should bounce and break resistance. There usually traders enter on the breakouts and target the next resistance.
A Dogecoin Bullflag Sits Above A Very Historic Monthly RangeFrom the looks of things the Dogecoin to BTC pair, maybe attempting a Break-Hook-and-Go off the All-Time Historic Range that it traded within and could be setting up for a Bull Flag Breakout that would take it to the 2.272 Fibonacci Extension. We can also see that the MACD is showing us some Hidden Bullish Divergence and is Crossing on the Monthly which has historically led to massive moves up within the range. Now that DOGE/BTC trades above the Range we could perhaps expect the Biggest Move Yet!
Loopring LRC Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Loopring LRC, which is overvalued.
LRC/USDT short
Entry Range: $0.34 - 0.37
Price Target 1: $0.33
Price Target 2: $0.30
Price Target 3: $0.28
Stop Loss: $0.43