DustinDamron

DustinDamron

Check it out and let me know what you think. My guess is that $ETHUSD is real close to jumping to $369. That's a $100 move. And I bet $TSLA is right behind it. I'm thinking Elon(g) Musk is about to make a move and drive prices up to raise some more capital he can funnel into TSLA/SpaceX/Boring Company/Nueralink/etc. But this is just speculation. I just...

DustinDamron

I'm wondering why I'm now missing all of the data from before 1970..... I was previously able to see the entire market history dating back to the 1830's!

DustinDamron

$CGC Just Do It! Looks like the cannabis industry is poised to see explosive growth in the very near future as nearly every state now has some form of cannabis legalization in effect. Can legalization of cannabis and emerging cannabis stocks provide a much needed boost to the markets?

DustinDamron

Now that Bezos and his wife have split and she is due her share of the Amazon fortunes, will Amazon experience a pole shift and go through an extended Bear cycle? Rounding to make it easy to identify, Amazon spent roughly 17-18 years in an uptrend. So it would seem intuitive that it's time for things to cool off and spent an 17-18 year period in a downtrend in...

DustinDamron

Looks like the DJI is coming down to retest 21,700 as support as it is printing a double top while the RSI is printing a lower high.

DustinDamron

PSF is Perpetual Sequence Forecasting. A forecasting model based on time frames, PSF has been highly accurate lately. I'm posting this to continue tracking these predictions and their outcomes. More to follow.

DustinDamron

After the recent increase in price, it looks like $BTC Futures may be building some liquidity for it's next leg up. What does this mean? I'm expecting price to fall over the course of the next 3 months into a falling wedge pattern. This pattern is often viewed as a bullish pattern meaning price will continue to recover. I'm curious to see how this plays out....

DustinDamron

I'm looking at clear trends of the RSI and I'm wondering if it's time to see a series of progressively lower lows over the next couple of decades. Price action clearly correlates with the RSI trends we see, most notably a higher high from the late 90's while RSI appears to have printed a double top indicating a period of slowed economic activity. And IF this...

DustinDamron Updated 

I'm looking at RAD's RSI sitting at the lowest its been in 10 years(since 2009), where it appears to finally be heading northbound after a 5yr southbound trend(since late 2013). RAD has been in rough waters for 20 years after finding an ATH of ~$50 in 1999 and sinking to its most recent ATL of ~$.065. That's a 98% decline in value! Btw, if I had to guess, that...

DustinDamron

This is a view of the weekly price action I mentioned in my daily chart (www.tradingview.com). What's interesting is how price still interacts with the support/resistance levels identified on the daily. You'll notice they are applicable even though they were meant to analyze support/resistance levels for the daily time-frame. There is clear confluence between the...

DustinDamron

I'm just posting this to see how future price action interacts with the current support and resistance levels I've identified. This is one of many that I will be posting to follow. I regret not doing this while the market was correcting. With all of the things going on in my life, the thought just never came to my mind. You'll notice this one is charted in...

DustinDamron

I'm just spitballing here. At this exact moment I'm unsure about Amazon. Look, Amazon has been on a BULL RUN since late 2001...so for more than 17 years now, Amazon has been an economically stimulating powerhouse for the overall U.S. GDP and could continue to do so for some time to come. On one hand I can see Amazon continuing this bull run for a while longer;...

DustinDamron

So there's the levels of support/resistance for $BTC and how/why you're seeing some call for $1,100 or $3,000, while others are calling for $4,400 and $5,800. $BTC has held nicely at ~$5 ,800 - I mean, it's held on 3 separate occasions, coming close 2 other times but found support slightly above this zone - so this is pretty much why people are calling $6,000 the...

DustinDamron

Hanging man on a retest indicates a failed rally. I'd wait for a possible entry around $30....

DustinDamron

I just want someone to short Amazon and make a ton of money doing it. Amazon has been on a decade-long bull run and it's about time Bezos invests some of that money in another market, (let's say, the cryptocurrency market!) and we see Amazon fall from grace and correct (while the crypto markets soar!). Come on Bezos, do the right thing and spread the wealth! ...

DustinDamron

NYSE:F I'd like to be bullish on Ford but I'm just not sure. I'm looking at Ford as a long term play so I'm using monthly candles here. From 68' to 98' (30yrs) Ford made solid progress, only to decline in value for the next 10yrs reaching all time lows in 2008 coinciding with the crash of 08'. Ford has been in a bear market since Sept. 2014 after retesting...

DustinDamron Updated 

Tilray appears to be currently printing a classic hanging man on the daily while seeking to establish a stronger RSI(which it has just done reaching 90.4) from Aug. 27th RSI high of 89.47. Stoch RSI is in overbought territory on the 4hr at the moment and likely headed southbound as indicated by the hanging man currently printing. Given the substantial price...

DustinDamron

Fractals & Patterns OH MY! It's a rEVOLution! Wealth Redistribution!