CoteInvestments

CoteInvestments

We have reached an area where Bitcoin has topped in terms of the Grayscale #Bitcoin product. This has been a good indicator of when to sell Bitcoin and the end of the halving cycle.

CoteInvestments

NASDAQ:NVDA shares will begin trading on a split-adjusted basis on June 10th. Nvidia has completed five other stock splits since its IPO in 1999, and shares have typically declined sharply during the next year. Regarding reversion targets (pre-adjusted): Correction: 200 Day, currently at $657.97 Long Term Correction: 200 Week, currently at $303.14 Once...

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$DIA is showing a negative Monthly RSI divergence and this type of price action is emblematic of a 'return to normal' rally after a bubble pops. Chart points to further losses into 2023. I would personally heed the warning coming from Jeff Bezos and others. I am still bearish on equity markets given rates, geopolitics, and the FTX fallout.

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Though it is early, VVIX is actually building bullish momentum on a day when the VIX is being crushed. The VIX is currently below 20. This market has tail risk and it may take something big, an outlier, to break it. So far it looks as though this hidden strength in vol of vol could unleash something soon, potentially in the fall of 2022. To be continued...

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Silver broke out of a descending wedge, a consolidation after its February 2022 run. The 2X silver fund AGQ is looking great here with a technical breakout retest. A bullish MACD cross will likely send this to $50 + then it is going much higher with silver. Precious metals are about to have their moment as stocks and crypto sell off.

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SPY follows ITB, not the other way around. Don't fall for the emotional trap in the markets right now. Q3-Q4 2022 could be very ugly. Shemitah year also. Good luck.

CoteInvestments Updated 

HYG put in a Death Cross last week and this week, on November 22nd, HYG lost the October 11th low with SPY selling off heavy into the close. We may backtest the October 11th low but this is a potential negative indicator for equity risk on. Equities tend follow lockstep with high yield, or so they have with every major selloff since 2007-2008. This is something to...

CoteInvestments

2009 broadening wedge resistance directly overhead. Base of wedge from Feb 9th to March 2nd of 2009. Overhead resistance range: January 2022 = 5100, January 2023 = 5400. Resistance would trigger a 'big short'. Simple lines, no need to be Michael Burry.

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The S&P put in a Gravestone Doji for the month of November, similar to January of 2020. The month of November closed with heavy selling during and after Black Friday. In my opinion, the recent S&P rally is very unhealthy and reminiscent of the January/February 2020 price action. In January 2020 we had a similar Gravestone Doji with markets rallying to new ATH's...

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I have followed Vertcoin since 2016. Vertcoin has it's own halving cycle and each cycle the coin has a large rally. Vertcoin halving is around the corner, currently on schedule for December 8th, and the chart is technically bullish. Here is why: Nearing a Golden Cross on the Daily. Nearing a Golden Cross on the Weekly. Weekly RSI gaining strength. 2017 trend line...

CoteInvestments Updated 

Similar to #ES_F, IWM had signs of a false breakout while everyone was clamoring for a Santa rally. Though we did breakout after an accumulation period, one that lasted almost the entirety of 2021, we had trend line resistance from the 2020 lows directly overhead. If we lose the 2021 accumulation zone, selling could accelerate with velocity.

CoteInvestments Updated 

BTC has been operating in a long term channel with 2017 channel resistance directly overhead. There is limited upside here and we are likely entering the early stages of the 2022-2023 crypto bear cycle (Crypto Winter) before the next halving cycle in early 2024. Caution is warranted here for Bitcoin longs, potential double top forming.