INDEX:BTCUSD In 2023, Bitcoin: Rallied off the lows Broke through the ML Retested and put in a base along the top of ML Now in 2024, Bitcoin is breaking out from that base. Hopefully, volume will confirm over the coming weeks. (Screenshot below) But... there is no sense in waiting if you aren't "in" already. Near perfect long setup as it is,...
NASDAQ:MSFT Microsoft is breaking out after putting in a base from November to early January. Plotting a Modified Schiff fork, we see the base and breakout took place right after both passing and retesting the median line. Adding Fibonacci extensions and a secondary fork, an energy point appears at the intersection of the ML-H, ML, and 1.0 Fibonacci...
BINANCE:MANAUSDT This isn't an investment idea, it's a lotto ticket. No real analysis here.... I'm just hoping that a combination of a crypto bull market and Apple's VR headset launch in 2024 throw this silly Metaverse coin into the stratosphere. Technically, it just needs to match the previous cycle's run on a percentage/time basis. (Market Cap would be...
TVC:US02Y 2Y Yields heading lower. Sometime over the next 12-18ish months, I believe we'll see 2Y yields fall to 200-275 bps. Headline inflation numbers are lower and dropping. The Fed has effectively pulled a rabbit out of a hat in the act of raising interest rates by ~500+ bps, while avoiding the obliteration of the economy. (thus far) If the economy...
COINBASE:ALGOUSD Long Algorand Targeting the intersection of the trendline and median-line. which also coincides with the 1.0 Fib Extension. Price Target = $2.30 - $2.50 Time Target = Feb '25 - May '25 Fat_Fat
NASDAQ:COIN Coinbase Weekly chart is breaking out of an inverted head & shoulders pattern. The move from the lows to the neckline of the pattern is about 262%. A 262% move starting from the neckline will take Coin right back to the ATH from the IPO, $429. Fork intercepts the ATH in late July 2024. Staying long if the price stays within the fork. Fat_Fat
OANDA:USDJPY Long UJ, Energy Point around 150 in mid-July. Entry = 133.99 Stop Loss = 129.40 Target = 150 (+/- 1) Fat_Fat
INDEX:BTCUSD BTC has put on an impressive rally from the November ’22 lows. (+105%) Now, it looks like it’s about to start turning over again for what I believe is the leg of the bear market. The Red Median Line set is drawn from major pivots: Dec ’17 high, Dec ’18 Low, and the Nov ’21 High. I plotted a (yellow) minor fork on ’22-’23 price action to show a...
NASDAQ:NDX SP:SPX 1:6 R/R Shorts C Wave en route Short it Fat_Fat
CRYPTO:SOLUSD SOLANA DUMP INCOMING Why? - USD Strength - Weekly uptrend line broken - Leaving Mod-Schiff Fork - Weekly MACD Bearish Cross - Weekly DMI Bearish Cross (Pending) Don't let the log-scale chart fool you. We're looking at a return to $8 (December '22 low), or an even larger decline to $5 (the Aug '20 high) That's a 50% - 70% drop from current...
Short EURUSD Looks double-toppy. Energy Point/Fib Retracement Levels down below. Shooting to take profit at the .702 retracement + Energy Point, around 1.070 Stop-Loss above the double top around 1.0761 Fat_Fat
OANDA:AUDJPY AUD/JPY Long Entry = 94.326 Target = 103.4 Stop Loss = 91.6 Fat_Fat
NYMEX:CL1! Watch for a breakout in Crude Oil. An $84 handle on Crude could indicate a run back to the March '22 highs is en route. We've seen Crude stuck in the $65-$80 trading range for around 8 months now. While this base is being built, we see bullish divergence on a number of different oscillators. Weekly candles found support right around the 200...
SP:SPX Overall ABC Corrective Pattern = Zig-Zag Wave A: Leading Expanding Diagonal *Important* Wave B: Zig-Zag Wave C: 5 Waves down In my opinion, if you don't have the initial downtrend from January '22 - October '22 labeled as a leading expanding diagonal, you are going to miss a lot of context for the rest of the correction. (See Screenshots below for...
COMEX:HG1! Copper is breaking down. Looking at the .702 (sneaky fib) retracement as a price target. I'm thinking price gets down near $2.88 sometime during April 2024. Fat_Fat
NASDAQ:AAPL Apple due for a pullback. Bumping against the underside of the median line. Volume divergence. RSI divergence. Look for a retrace to .382 or .50 Fibs. Fat_Fat
NASDAQ:EMXC Long EMXC (Emerging Markets Ex China) Inverted Head & Shoulders breaking out. Target ML / TL intersection = $68ish by Jan 2024 Fat_Fat