HI TRADERS, WHY DO I FEEL LIKE I'M TALKING TO A BRICK WALL... Not drawing this post out since apparently only 2 people are listening... if you are even remotely interested, look at my previous posts for the Technical Analysis. ENTRY: Yesterday 1st Target: $3124 (HIT) 2nd Target: $3428 (.618 fibonacci retracement level) 3rd Target: $3860 LIKE/FOLLOW if you even care 🤣
HELLO AGAIN TRADERS, As predicted in my last two posts, it is taking a few attempts to definitively break through the DOWS THEORY level (50% retracement) of $3124 and leg up into .5/6.18 range and continue the upward trend. As mentioned previously, looking left on our chart we see the last time we were rangebound in this area following the MAY 2021 crash, it took...
GOOD MORNING TRADERS! As you will note from my previous post two days ago, we are approaching the 50% retracement level from the May 2021 crash. Though this 50% level isn't technically a TA level, it is a very well known and respected retracement citing DOWS THEORY. If we are able to break this light resistance level at around $3124 then it would seem we are due...
Ethereum has recovered back above the .382 Fib retracement level originally drawn from the MAY 2021 crash. This has proven to be an important level in the past, and most likely will trade sideways in between the .382 and the .5 (Dows theory) level as it did in SEPT. 2021, assuming it is able to hold above $2821. Assuming that it does, I see a retracement track...
As you can see from my chart, the 50% retracement area from the swing high/low from the largest red week in May is now being respected as a resistance area. Though this is not a fibonacci level, the 50% retracement area as described by Dow remains one of the strongest psychological levels in TA. With this area now serving as a resistance for Ethereum it will...
As you can clearly see in the chart, the golden mean ratio (.886) was well respected, and resulted in a positive retracement. In addition to the .886 being respected - the area(s) between $8.90 -> $9 which were once strong resistance in the past, were regarded as support. This has flipped the bearish sentiment, into bullish. If you missed the entry at $9, one...
NASDAQ:AMD is slightly up today, POSSIBLY on the hopes that the XLNX acquisition will be passed at their meeting. I am still bullish on AMD with the first price target being at the 50% fib retracement level of $84, and the second being $89. Options activity has been 3 to 1 calls to puts for this Friday with the average strike price being $82, which suggests we...
As you can see on nearly every time scale, the Deep Crab harmonic idea for KRAKEN:ETHUSD , is still beautifully confined within the pattern. Even with the recent consolidation due to BTCs downward pressure - it never broke out of the DEEP CRAB HARMONIC. As long as BTC doesn't force the crypto market further downward, the price targets are $2200, and more...
"BEARISH PATTERNS DON'T PERFORM WELL IN BULLISH CONDITIONS" - After bears failed at pushing the price lower, the daily time signature is drawing a crab pattern, with the PCZ (pattern completion zone) near $2400. Due to the lack of resistance in this area due to price discovery, the next psychological target for this is $2500. As long as the macro (BTC) stays...
As you can see on the chart, the area around $74-75 is historically one of the strongest areas of support/resistance for AMD. Using your fib retracement, a prudent price target for a reversal is in the lower to upper $80's, with $89 being another critical area for traders. IMO, AMD is strong enough to not only hold this area but to reverse to the upside in the...