Crinklebine

Crinklebine

To share this idea, I believe a potential market top could be a reversion to the 1990s trend line. This would encompass previous downturns like the 2000 dot-com bubble, the 2007-2008 financial crisis, the 2010 Flash Crash, and the 2020 COVID-19 pandemic crash. Wishing everyone success in trading and investing. 💪😀

Crinklebine

Tradingview provides the ability to look at multiple timeframes in one view. This feature allows candle analysis over the different timeframes. Believe it or not, there are only three types of candles that can occur on a candlestick chart: - Inside Bar (Candle Type 1) - Up or Down Bar (Candle Type 2) - Engulfing Bar (Candle Type 3) A Type 1 candlestick...

Crinklebine Updated 

The volatility ratio spiked today.

Crinklebine

There should be some resistance here as much of 1997 to 1999 spent time in this range.

Crinklebine

The nice thing about TradingView is that it is very easy to create custom hybrid charts so you can begin to look at charts that no one else really looks at. I was wondering about the relationship of the USDCAD vs Crude. Compared to early 2009 we can see that the relationship got to 26.75 which means that we are getting close to 2009 but if things get really bad we...

Crinklebine

The nice thing about TradingView is that you can create custom hybrid charts. For this one I'm looking at short term volatility vs longer term volatility. When the ratio gets above 1 it seems to indicate a bottoming process. We are not there yet.

Crinklebine

I learnt this from fibline, let's see how it works today.

Crinklebine

DXY is closing in on 100. If time symmetry works then it should be strong until about Nov 2017 with the 6000 day cycle.

Crinklebine

The DXY should run into some Resistance soon. Can March be another green candle on the monthly? 102 is in the cards with a key fib line there.

Crinklebine

Overall it seems like the SPX to Gold ratio is still a little low. Seems like around 2.5 might be a good value. So does SPX go up or Gold go down?

Crinklebine

The two key indicators in the market are SPX and USDJPY. This index should start to decline now.

Crinklebine

For those who lost their coins trading you may get a chance. Seems like 840 is within realm and 585 is a long shot.

Crinklebine

Connecting the last two pivot shows that we should have some resistance here.

Crinklebine

TSLA head and shoulders, triggered yesterday and retraced today without violating neckline. Nice target if it plays out. Cover on daily close above neckline or break even after a buffer built. Good risk/reward play with tight stop. Warning there are earnings Nov 5.

Crinklebine

It looks like good risk/reward for a bounce in gold to $1300. The HnS was nullified and sentiment is bearish. A bounce to 20ma (and 50% retrace level) seems easily possible.

Crinklebine

This is why we got to about $145. I sold BTC that I picked up at $80. Waiting for next pattern.

Crinklebine

This is why we stopped at about $145 level.

Crinklebine

Factor 1 - Above all 3 moving averages. Factor 2 - Above the battle trend line (in blue). Factor 3 - 25% Fib retrace being taken out.