Bitcoin_Schmitcoin

Bitcoin_Schmitcoin

Gold has been waiting in the wings while equities, commodities, and more speculative assets like crypto aggressively took off following the COVID-19 shakeout. Metals, on the other hand, saw very little growth. However, given the market conditions surrounding inflation and a hyper-inflated equities market, housing market, and commodities market, there is a LOT of...

Bitcoin_Schmitcoin

Both the USD and BTC charts look incredibly strong. Currently, the $USD chart is breaking out of a massive accumulation range in the form of a double bottom with a projected move of a around $70 -- This is about 50-60%! The trend looks strong, the breakout looks strong. I like it.

Bitcoin_Schmitcoin

Litecoin is showing the early stages of what is likely to be a macro, bullish breakout. The supply and demand channel that has governed much of the LTCUSD market has broken out to the upside and the LTCBTC chart is showing heavy signs of bullish pressure building all the way up to the weekly time frame. The daily LTCUSD is showing trend early trend reversal...

Bitcoin_Schmitcoin

See chart for annotation. This does not bode well for DJIA. We have had lower highs in what can be argued to be two consecutive LPSYs. Next move would likely be a major SOW that shoves a new low.

Bitcoin_Schmitcoin

Low time frame Stepping Stone Redistribution (SSRD) looks to be taking place following the massive SPX a few weeks ago. See annotation on the chart for further details. Target for the drop would likely yield a macro SOW for the larger TR shown below:

Bitcoin_Schmitcoin

KO has been trending in this S/D channel for years. Unless Coca-Cola is planning on going parabolic, this thing is most likely going to run back into the channel, test the mid-line, then test supply at the bottom end of the channel. A divergent SMI gives me added confidence in this trade. If you like this type of analysis and are interested in learning more...

Bitcoin_Schmitcoin

CAT appears to be in testing its Last Point of Supply (LPSY) as it continues to fail to rally back inside the Trading Range. This Trading Range is particularly nice as it also illustrates the failure of its market to maintain support of the "ICE" (in our case the "ICE" is perfectly displayed by the 200 EMA). I grabbed a short on the last test of the 50 EMA and...

Bitcoin_Schmitcoin

SBUX looks poised for a massive drop as it sits atop what appears to an Upthrust After Distribution (UTAD). Typically UTADs are caused by short squeezing early bears. In our case, the UTAD was caused by a failed H/S pattern that initially broke downwards (to lure in the bears), and then quickly returned to the top of the Trading Range to then short squeeze the...

Bitcoin_Schmitcoin

Looking to take a long on a retest of that weekly bbands midline. Overall this stock is looking ripe for a strong, sustained markup.

Bitcoin_Schmitcoin

Looking to take a long entry depending on how the market reacts to the test of the LPS support

Bitcoin_Schmitcoin

ETHUSD has been forming a massive ascending triangle for months. It is now within striking distance of its hypotenuse and is expected to test the strength of the trendline. If this triangle breaks downward, expect a $200+ move downward. Yes -- $200+ move.

Bitcoin_Schmitcoin

This view combines the macro ascending channel with the Wyckoff Distribution Phase and supported by the Elliott Wave Distribution patterns

Bitcoin_Schmitcoin

^^

Bitcoin_Schmitcoin

We are tracing a market profile identical to the last wyckoff distribution prior to our last major market correction.

Bitcoin_Schmitcoin

^^^^^

Bitcoin_Schmitcoin

^^^^

Bitcoin_Schmitcoin

^^^

Bitcoin_Schmitcoin

^^