BTC-HONDA

BTC-HONDA

I am still watching the stock market in a rising wedge on declining volume. We had a really nice spike in sell volume on the breakdown which is confirmation to me of the pattern. I am estimating continuation to the bottom of wedge at 351. It maybe a bit boring over the holidays but I think downside is coming in January at the latest. I saw a 1.7 trillion bill pass...

BTC-HONDA

There has been no change to any of the setups. I am still bearish on the SPY to 351 from this rising wedge on declining volume. There was a bull trap right before the beginning of the breakdown. It did not change or invalidate this setup. We are starting to move below minor support and getting some increase in sell volume. I am anticipating it to accelerate to...

05:26

BTC-HONDA

No change to any of my previous posts. there have only been fake outs before the break downs

07:25

BTC-HONDA

I am currently bearish on the stock market and therefore crypto. See my thought in the video

BTC-HONDA

I am bearish on the stock market to 351 from this rising wedge on declining volume. We are currently running into major down trend resistance. The pattern is at the end and about to break down very soon. If we Break UP, there will be some really interesting targets but I am bearish until invalidation.

BTC-HONDA

A slight change from the last update. I am still bearish to 351 from this rising wedge on declining volume. In the last update, I neglected the whole volume profile and drew the trend lines incorrectly. The structure is the same but different trend lines. The declining volume is very pronounced, especially on the weekly chart. We also seem to be in a smaller...

BTC-HONDA

No change. Still expecting the SPY to fall to 351 from this rising wedge on declining. The break down just started as we saw a massive spike in sell volume after crossing out of the patttern. THis willl have negative effects on crypto

BTC-HONDA

Most of the price action in this pattern is just noise to me until we breakdown to 351 from this rising wedge on declining volume. I will discuss bullish targets on invalidiation

BTC-HONDA

SPY looks like it is in a rising wedge on declining volume about to break down to 351. I think we will bounce from there but I will have to re-evaluate the next move when we get there.

BTC-HONDA

The SPY has basically hit its target from our last call. We are nearing major support and I don't see a new setup atm. I think we may go a bit lower into support before making a relief bounce. We could fall through as well but I think it more likely we get relief. I will be looking for the next setup for confirmation.

BTC-HONDA

I am watching the SPY as a rising wedge on declining volume. This would imply a bearish break down to come. The traditional target would be the bottom of the triangle at 360. most likely off some bad news involving escalation of international tensions.

BTC-HONDA

BTC looks like it has been drawing a rising triangle these past few months on declining volume. In think there is some bad news that is going to pop up in the next few weeks which will be the catalyst for the breakdown. The SPY is at resistance and I am expecting a pullback soon which will have a negative impact on crypto. I really hope I am wrong but the...

BTC-HONDA Updated 

SPY has broken down perfectly from our last call from the rising wedge on declining volume. Nice volume spike for confirmation of the setup. I am still looking for 383 before re-evaluating

BTC-HONDA Updated 

BTC: has played out perfect from our last call. There isn't a major setup atm but we can still go as low to 20k before getting a solid bounce.

BTC-HONDA

The SPY broke down perfectly from our last call. I'm surprised BTC hasn't sold off harder to be honest but I still am looking for 25k from this setup. Some selling volume coming in outside the pattern. Unlesss the SPY reverses real hard, I will remain bearish

BTC-HONDA

The stock market and crypto are heavily correlated. The stock market doesn't look too hot which means neither does crypt. We look like we've drawn a rising wedge and are going to break down soon to 25k from this declining volume.

BTC-HONDA

The stock market does not look too hot right now and has drawn a mean rising wedge on declining volume as we tap resistance. I am bearish for a sell off soon to 383 from this setup

BTC-HONDA

I am flipping bearish in the short term to 25k after the recent dump.We only hit our first target but dumped before 35k. Seems like a rising wedge on declining volume before a breakdown.