360 inflection point level for S&PInflection point for S&P fib retracement zone & support level from Aug 2020
Inflection
Adam+Eve / Cup+HandleMajor decision window approaching. Middle of the yellow box is neutral BULL and BEAR zone. A handful confirmation candles on either side, above or below, will likely determine the larger move into either TP area.
Break Hard?I've had the larger channel in for weeks. As you can see, we've bounced along the lower bound for a while finally breaking through solidly in the past 24 hours. The question is: does the lower bound support become resistance?
I've included a few extra lines more pertinent to the next 72 hours. It appears that we are at an inflection point. I see a possible head and shoulders developing on the 4hr but the trend seems bullish. That said, we have a gap in CME futures between 54000-55000 (ish).
The (potential) right shoulder is presenting lower highs and lower lows with respect the the (potential) head and volume is decidedly bearish which would lead me to a 50100 target in BTCUSD, a breakout to the upside would portend new highs, but only time will tell.
Note: CME futures are closed until the Sunday Globex open due to Good Friday.
What do you think?
.14% away Been following this for the past week and wow.
We are now only ~.14% away from breaking this descending wedge we've been in for a year.
Really curious to see if this will happen in the next two days.
On the daily chart MACD histogram just turned green and RSI has enough room to run.
That's all folks
Watching closely Watching EURJPY very closely as it approaches the Daily Range High (DRH).
You'll notice we've been pretty strong on that latest run up towards the DRH where as in the past we tended to stall out and reject before interacting with the level.
My decision will be based on the intra-day price action to see how bulls and bears are able to move price around the level.
For the bearish case we would need to see strong selling into any bullish pop.
For the bullish case, a strong move through the level, on high volume.
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RuckSack.medium.com
BTC Inflection PointH+S within H+S, recent low volume (with exception of June 2nd Bart fakeout), and macro fundamentals (unemployment claims/Covid crash) is bearish case in my mind. Tech fundamentals, Fed tailwinds, and continued broader market (ES/SPX ) coupling points bullish. Sustained push up out of 2.5 year triangle would strengthen bull case and invalidate double H+S.
Short Term Inflection PointDecision time for RUKU to break out of a long term trend higher or to return to its bounds. The acceleration of the price after the last drop was "appropriate" IMO, however this is still a company that loses money and is in high and ever growing competition. Tough spot to make a choice, I wouldn't hate a straddle... however this strategy is expensive.
**Unicorns do not question valuations, $18.5b
**I am long
Bitcoin Support & Resistance LevelsGreetings all,
Been tweaking my method for predicting support & resistance levels with a variation of the Fib Sequence I'm calling a "Fib-Flip." Its been a method I have been putting to use for sometime now to make price calls. I saw the 13850 level a few weeks ago as a place to take profits. On the monthly, this price was obviously resistance as neither Dec '17 or Jan '18 could close above it. Thus, this is what I see as the true inflection point in this market. We have since corrected but have managed to close above the 10580 level I was looking for to confirm these prices. If we continue further down, I'm expecting these prices to act as support-levels. I am not saying we will continue down though. I think our odds of breaking through the flip-point are still good based on the support near 10580. There is the new down-trendline that has formed from the peak to the recent highs, but I don't see it as much force of resistance.
Thanks for reading. Be sure to share your thoughts & in the comments.
No_L
BITCOIN (Upcoming Point of Inflection???)Hello All -
Crazy Times in the Crypto World -
Some very important Trend Lines are approaching and I am very excited to see how the market reacts at these points - Specifically, the Upper Red Major Downtrend Line as well as the Upper Cyan Speculative UpTrend Line - I feel like we're in a teetering point here where this market COULD go HUGE in EITHER direction. My general sentiment is BEARish and I think we're in store for more MAJOR downturns before this gets better. There is just not a good vibe in the crypto world to support influx of NEW money to propel this market to higher highs. That is my humble opinion - but lets see what happens at this upcoming point of infliction.
LEGEND
Orange Line - Speculative Down Trend Line
Cyan - Speculative UpTrend Lines
Red - Proven Major Downtrend Channel Lines
White - Previous Resistance and Support Lines
As always, intelligent disagreement highly appreciated.
www.bitmex.com
Bitcoin To Move Lower?Head and Shoulder pattern forming on the 4h chart. Looks like the drop in Bitcoin isn't over.
Inflection patterns early timing indicator of inflection in WTIinflection point
This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea.
While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I could see a direct corresponding pattern in wti & dxy. I did not look for % of move or overall movement range, but rather corresponding inflection points and direction. The chart clearly shows those matching inflections occurred in DXY about 10min before WTI.
This is not to say that dxy and wti track or mirror.. they both have their own future. I does tell me if I will see an inflection on next 15 min candle in WTI.... I think ? I doesn't say size of inflection, but in general .05 changes in DXY with pronounce marked change in wti. ( 10 min early)
I wish there was a tool to better illustrate.. I'm sure there is, I'm just old & slow.
I will track and update... good luck
