GU and the rest of the xxx/usd assets have been forming obvious corrections this month Why is it a correction and not a major top. Well, corrections... 1. begin with very little consolidation (vs peaks that contain big periods of consolidation before reversing). As you can see GU only consolidated for 2 days before coming down. 2. they usually contain 1-3...
Coin made a nice impulse up this summer from 30-100 and is now correcting and coiling for another move up here. Its mid term trajectory has a lot to do with whether the macro Equity market is hit hard with what I believe is at least a mild recession coming early next year. This next impulse up takes us to the 120-130 range at least. Look for the coming ETF...
APE probably has the most beautiful alt set up in the game right now We re looking at a beautiful 3 month corrective channel chopping into a 5 month low from november This is setting up for a beautiful peak low formation in a time where btc and eth are going crazy I think we re likely to see a large alt season coming up when btc and eth cool off. Which would...
ETH has been correcting for 8 days now..forming what is to me an obvious sideways correction This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts. A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while. With the next FOMC being 6 weeks away...I think we see...
Whats Up guys? I Posted an $ETH analysis a few days ago showing you why the charts are telling us that another move to $2000+ is in the cards, before the reality of a recession hits, and new lows under 1k are put in I posted it below if you want to check it out. Though its in a different Pattern than $ETH, I will show you why Bitcoin is also screaming that...
Hello Friends Since August 14th Eth has been moving down slowly in what I believe is a beautiful flag (or corrective channel pattern as I like to call it). These corrective channels show up across every asset on Higher and lower time frames. In fact, almost every multi year bear market correction resembles these channel like structures. From Bitcoin during...
Since 2019 the ETH/BTC has gone from .017 to .09 at its peak in December (almost a 4x gain!) This was due mostly to the rise of things like NFTs and Play 2 earn gaming, which almost exclusively use Ether to purchase/use. This is a trend I don't see cooling off in 2022. For this reason and many others, I think Ether will only continue to appreciate against...
USDCAD is showing signs of continuation for more downside on the daily and 4H. Looking to target at least a few hundred pips lower. We're looking at a few weeks of consolidation, in line with the corrective structure on DXY for more downside. This Should play out over the next few weeks
So I think we've seen the bottom of this Bitcoin correction. We have corrective behavior + an inverse head and shoulders peak completing. Once we shift, we should see all time highs pretty quickly. Strap in...
GU has been forming a nice corrective pattern after the last impulse. I Now expect the next impulse up to take us to at least 1.4350. I will follow up as we go higher!
Clear corrective behavior tells me we're likely to get another impulse up on Penn. We could stay in the corrective pattern a bit longer, but once it breaks, new highs incoming. First target $160.
Bitcoin finishing up a corrective pattern on the lower time frames. Impulse up incoming...
I've been tracking this correction on Gold since the obvious corrective behavior started forming in August. It took over 6 month to complete, but this pattern has clearly been broken with a Fat Impulse. My original entry is at at $1692 and I will be scaling in on corrections. My first Target is $2150. This falls in line with my Thesis of a bearish Summer for...
All signs pointing to another Big Leg Up Coming for UNI We've been in this text book corrective consolidation for over a week and it's only a matter of time before the next impulse starts. With Uniswap V3 having just launched yesterday, improving the capital efficancy of the protocol, I think Uniswap is extremely undervalued sitting at the #11 spot on the Market...
GU about to break up out of this corrective pattern. Target 1.43-1.44 From there I'll be looking for a break down of the bigger corrective pattern forming since last year. FX:GBPUSD
My analysis for GJ. We Saw a Peak formation form Last week after 3 levels of rise. We saw a move up that failed to break the Peak formation high, so I belive we are currently in Level 2 in the bearish cycle. I think we will see a nice drop down to at least the 132.50 area before seeing any significant rise. Once we get down to that level I will be looking for...