Welcome thoughts and feedback. I think the next bull run will get us at least to $4.00 before the next retracement. Not an expert, do your own due diligence.
I`ve been in this market for 5 years now, and ive seen this bullrun before ! So therefore we should ask ourselves - when will the trend reverse ? 1. The 31st of Aug 2017 the marketcap was approx 160 B, and at the start of Jan. 2018 it peaked at approx 760 B before the reverse kicked in. This gives an 475% increase from August 2017 - Jan. 2018. 2. If we use the...
DJI moving just about the same it did in March 2020, next week will be rather interesting, should see some sort of correction lined up atleast.
BITSTAMP:XRPUSD In this chart a highlighted some of the repeating patterns (those with the same color). They are very similar and could be used to predict some price action in a short term (blue colored price cart at the end, taken from a January 2021). I am not a financial advisor so don't buy anything a say. Have a good one.
Currently holding calls for Jan15 hedged with 220Jan15 puts incase it decides to go for that double bottom at 211. Now I see either one of two cases happening here, if we compare to its historical trends; Case 1 : Similarly to 2017-2018, we see a short rally (2-3 weeks) followed by another double bottom retest at the 211 level. Ideal for medium term option...
Interesting how this pattern repeated itself twice in a row. This is a good thing to take note of because we will probably see this pattern again in the future. Parabolic steps. Maybe we get 1 or 2 more of these? Starting to think that we might hit 36k soon. Thanks
XRP is currently repeating a similar price action and volume path I believe XRP may see a price increase soon. RSI showing similar patterns as well. As long as no bad news comes out (Sigh) I'm seeing upside?
Similar rounded bottom to the one in August/early September. RSI crossed above 50, MACD curling in similar fashion. Previous run went to 36.
Buy CRWD stock or buy to open CRWD 150 calls (Dec 18) going in Dec 04 Earnings. Exit strategy: Sell stock or calls at 150, or approaching 175 if you can stomach it. Again, around Dec 04 Earnings.
This is not a position. I noticed the four prevaliant drops on the graph and decided to lightly draw comparisons. It would not surprise me if price stayed within the current green box. I would keep an eye out if the price drops below the prevalent resistance line. Use risk management as always. Thank you for reading.
While looking back on the Daily, you can see that almost Exactly 3 Months ago this weekend, BTC was in the same exact position within it's approximately 2.5 month long uptrend channel (as we have now too) while the 50MA is in process of beginning to crossover above the 200MA. Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is...
Looking for this fractal to play out. Short a test of the 100MA. Call me insane, but I think we test the start of the 2017 bull run at $50. This has never been a bull market, don't let moon boys tell you otherwise. We have been making lower highs for years now, and this proved it once again.
Colgate has produced a repeating pattern, a channel that will most probably lead to a bearish break.
Waiting for retracement to go long towards the fib retracement 61.8 inline with the trendline that I have in place. so im expecting a short around that area depends on price action, once it goes short im expecting a breakout. as you can see I have a cross there which shows that the market is repeating itself, creating the same pattern but towards the downside.
Another interesting repetitive pattern is about to take place. In late June, just like in early November, EURUSD established a strong bearish trend and fell from the top of a major falling channel. The price found support and retraced which led to a range. As seen in the previous pattern, the range consisted of 2 bullish waves before it resumes the major bearish...
EURUSD turned out as expected of my previous forecast as it started to range after the retracement from the new low. The repeating pattern shows that the price is expected to range in the coming week. Traders can look out for a selling opportunity at the top of the range, stop loss placed just above 1.1020. However, the distinct difference between the current...
If you are reading this forecast, bookmark it and revisit on the 3rd week of October. If you have missed 2 great trends which were shown in my previous 2 forecasts on Gold and US30(check out related ideas below), here's the next one you don't wanna miss! The chart is pretty much self-explained already. EURUSD has hit a new low last Tuesday during the European...
The gold has been consolidating (with some new highs) for the past one month since it first broke above 1500. Previously, the gold has also consolidated for a month and a week since it first broke above 1400. Which also means, we are 1 more week away from a major bullish wave which could potentially break 1600. The price has dipped for the last 2 trading days...