FTM bottom may have been printed last Nov, or we may have one more low to complete the sequence. Time will tell. For now, can see a breakout pattern in play, you know the drill where to TP and set stop loss. IF we push up higher, you can trail the stop and let it ride risk free. I would consider 28c and 23c as targetted stop loss areas. IF we pullback, will just...
Its been argued among many holders and hopium that BTC's bear market has been completed (which could be true). I remain skeptical, unless BTC cracks the 0.5 FIB level and then successfully retests the current low with a higher lower. For the moment, I'm keeping my wave count as is, labelling the current low as a wave ((3)) with the current move up as a corrective...
BTC.dom had impressive move up off the low after over 1 year of downtrend move. It was only normal that it regained strength at BTC's sub-20k price range. Now, what we look forward to is an alt pump to celebrate btc's local topping range. I would anticipate BTC either dump to 35k-30k area first to spark an alt party after, or BTC just consolidates under resistance...
AVAX EW COUNT momentum looks weak to me, hasn't made impressive move up (compared to many other alt charts). Technical target according to my count should hit $30.00 - $38.00 area as wave 4 retracement, looking at the current move as a minor degree ABC to start a larger degree ABC. The (B) in question relates to current structure and market condition, it could end...
SQ very oversold RSI reading below 20 Last time it was THIS low, it pumped from ~$102-$130 before making dumping to make a local bottom (drop to ~$85 and then another pamp to $145). Some quick fast nice profits. Anticipating it should mimick similar and pamp to at least $49-$59 from this area before dropping lower. Patterns tend to repeat and mimick,...
$WOO WOO 5 wave completed Cycle I Cycle II in progress in the form of a double (WXY) ABC correction to correct the cycle started in 2020. Target does seem low, but if BTC is gunna makes its move down towards the mid 20s than these low (calculated) targets should hit. Could be great to short em and then bag em downtown. Targets for WOO shown at the blue lines as...
Many alts sitting at their lows have similar setup and structure. Risk to reward, worth taking a shot, just manage your stop loss. We can always look for another entry if it drops. If you wanna play it safe, put the SL tight and close below the last low. Targets as shown via fib extension, fib retracement and resistance levels. Target those areas by spreading your...
'return to the scene of the crime" Potential movement Bear Flag -> Bear Trap can see hidden bullish divergence development When btc consolidates downwards this slow (bullish consodilation/distribution/re-accumulation) usually favors a bullish move higher. Still favoring a massive alt party into Monday premarket, favoring a big selloff soon Time will tell Keep...
a no brainer good risk to reward trade bear flag setup bearish divergence its overbought you know the drill happy trading yall
Looking at LSPD chart, can see a breakout pattern emerging. Can also see wyckoff accumulation pattern Upside potential minimal 0.236 retracement if it's a wave 4, or if started brand new bullish leg as wave 1 (we'll only know once the wave 2 pullback successfully restests than current low, that can take months from now). DCA the dip, sell 50% at 2x, 3x and let it...
BULLFLAG BREAKOUT on BTC low risk trade bullish consolidating at the highs could be close to a local top, but I have to favor some upside still left alts are looking good and worth longing with a tight stop loss (ideally near near the last low)
Will update Trading opportunity on an oversold dump for some quick profits Resistance $56-59, should get a bounce from $48-$51 area. Its possible that KO may have topped out. But its a large cap that's heavily traded (presuming many large traders actively buy & sell to keep a low cost position to reap the dividends). Large pullbacks like this amount to nice...
Will update Overview shows a similar pattern to the dot-com bubble where GIS acted as a strong hedge against the washup and the recession) Its reputed as a 'boomer stock' that pays dividends Beautiful trendline retracement (so far) and RSI reading is extremely oversold. Worth taking a position, should pump to at least 70$ before any major further downside (which...
(WIll provide updates) Can also refer to my TA of NASDAQ (NDX) at this link: Im favoring the current move down as a wave 4 of wave (3), with wave 5 projected to make new ATH to complete wave (3), following a massive pullback in wave (4) prior to starting another set of 5 waves to complete wave (5) and cycle V before the grand finale to commence the highly...
Looking at SOL.D looks like a clean breakout we can retrace the resistance trendline and notice 1 last line left (subject to perspective of course) I imagine the first test of this line could get a rejection so if your long SOL, take some profits along the way and set your stop loss or trail your stop loss accordingly. Not much 'analysis' to provide here as its...
Just a EW count on OIL Personally I dont think there is huge upside on OIL, but if we get a nice pullback towards the $50-$47 area, could be worth it to take a position and hold it for few years especially if markets get choppy volatile and give off massive dumps - please check my analysis on SPY: and NDX: I will provide a more in depth analysis on these...
(Will Update with detailed analysis) Looking at NDX chart in the longterm, we can get an idea the grande finale is close. At current moment, the general sentiment is way too bearish, too much fear in markets and too many good quality stocks that are near cycle lows. It makes more sense to favor higher price action. NDX has retraced beyond 0.786/0.764 FIB,...
Looking at QS great reaction off the lows clear bearish down trend. Giving it a basic EW count here on a large degree, the move down has been massive from $135 to $6........2 years ago people were screaming for lower prices wishing they had bought, well, was too late then, now we are in a bear market with no clarity if a new bull market has started or not,...