Captain_Walker

14:10

Captain_Walker Updated 

I'm looking at some price action based on the 4H ATR line going back to Feb 2020. There is a repetition of a certain pattern, which may mean something or nothing. Have a look. On 30 min timeframe see below (no promises of anything). Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not...

Captain_Walker Updated 

Silver took an unexpected pump north on 2021-01-28. Loads of short-sellers were taken out. Well part of the inside story is that bandwagons of 'robinhoods' on a certain social media platform, decided to conspire and pump it. They were the same groups of people who pumped GME. They believe they are powerful based on the GME effect, and can do this sort of thing...

Captain_Walker

The chart focuses on the 2H ATR trend line. Bitcoin was in a 2H uptrend. The trend weakened and corrected in a 2H pattern. Now it seems to be resuming. The position is ripe for a short with a reasonable stop-loss, at your own risk. If you cannot take the loss, do not enter! This is a true trend following setup. No targets are possible. Stops are somewhere...

Captain_Walker

The chart shows that the big bull market in copper may be weakening and about to correct. The 2H ATR (amber line) showing the bull strength, is vacillating in its conviction. Finally, there is a trend-switch for the south. This is a trend following set up - which means if shorting there can be no targets. Stop losses are usually difficult to define, are large...

Captain_Walker Updated 

You Only Live Once! That's the sort of sentiment that's driving Gamestop north like nobody's business. GME share price rocketed only because a bunch of Robinhoods pumped it. Then some guy who builds rockets tweeted about it, and it moved madly more north than ever. Billions were lost by short sellers, and they then turned long joining a load of other late...

Captain_Walker Updated 

In my other post, I showed how sometimes charts 'choose' a trend for a distance. Nested in this possible developing 30 min trend, is a 5min trend. This may be one to watch. Now could be late to enter long on Gold. At the floor of support was much safer for a tight stop. Disclaimers : This is not advice or encouragement to trade securities on live...

Captain_Walker

As folk who follow my posts know, I don't keep any secrets. I explain some of my methodology in this chart. It is bespoke. To be 100% clear, this will not work 'for you'. No methodology works 'for you'. You work the methodology through experience to create your advantages. I'm not saying that people should change to this way. I do not interfere at all with...

Captain_Walker Updated 

In this chart I show a tight summary of what's been happening with the DJI (Wall Street). I apply the theory of curves. It shows weakening momentum in its north side drive. I refer to just a handful of fundamental issues for both the bulls and the bears . In recent times various forms of 'stimulus' has kept this market afloat. Then in the last 2 weeks, hope...

Captain_Walker

I show what happened after two wedge formations. Note carefully wedges do not rule the market. The create probabilities not predictions. Wedges do fail. There is hardly ever a perfect wedge pattern. The most recent one doesn't look too great. Price can fall out of a wedge and rock back in as you will see. Therefore trendlines drawn have to be estimates. From...

Captain_Walker

In this very busy chart, I compare 6 forex pairs. It needs some study. What seems clear to me is that the USD strength has been heading south manly since March 2020. This is not unexpected of course, following the FED's money-printing spree, now called QE infinity. I'm not here to say whether that's a good thing or a bad thing. The overall effect of a weak USD...

Captain_Walker Updated 

This is a busy chart with four instruments on it. But do take a careful look at what's going on. I see the DXY (Dollar Index) heading south. Mainly from Sept 2020, Bitcoin has been benefiting from price advantage by what seems to be an increasing negative correlation. (The DXY is a good index to get a feel of US Dollar strength because it checks the USD...

Captain_Walker

The Indians are in a similar position to many other stock indices. Three things can happen here: 1. Price goes below the amber ATR line, and then rocks north like a bat outta hell - or 2. Price collapses below ATR line and continues south for a while. 3- Price continues to range within a horizontal band. Whatever happens there is money to be made here - if you...

06:22

Captain_Walker Updated 

In this video I show my theory on what's probably happening with BTCUSD. It appears that Bitcoin is being used to hedge against the US Dollar crashing. $22,000 is certain in sight and who knows it could get to $30,000 sooner than anyone might imagine. I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid...

Captain_Walker Updated 

This is a brief educational post. See the parting of ways between Gold and BItcoin. We won't know if this means anything. But it's one to watch. This could be a short term separation. Stay safe. Don't burn cash. Avoid FOMO. Have a good weekend. 👍😃🙏

Captain_Walker Updated 

Oh yes - gamblers aplenty are punching the air. I have little doubt now that BTC will hit 20,000 (or more) soon. Even 21,000 is possible. This does not mean that it will get there. Price could make a significant correction right now before moving north again. Almost every time the RSI has hit 90, there has been a sudden and significant correction. To be clear,...

Captain_Walker Updated 

You don't need to be a scientist or epidemiologist to see what's going on here. The COVID pandemic is out of control. These charts are limited because they show total infections - not rate of infections per day. The exponential appearance of total infections is because of the summation of infections. However, if a country is gaining some control over the...

Captain_Walker

There is a received wisdom that what goes up has to come down. Well, this currency pair trend may defy that rule. We shall have to wait and see. For sure there are corrections to be expected. This begs the question of what does 'down' mean? Is 'down' - a correction? or - does it mean a fall below its original starting point? If you take it as below some...

Captain_Walker Updated 

No promises on this one - I can't. This is one to watch. Tech stocks have been in a bit of a problem, not benefiting from hopes of a vaccine for COVID-19. After all, tech was feeding off the pandemic in various ways. Tech and the virus are basically friends. So if the vaccine would limit or kill the pandemic, that's not good for tech stocks in general. We're...