Intuit

Intuit

I will no longer be posting to Tradingview because of their new rules which they've retroactively applied to my previous posts. The new rule is that you cannot use "private indicators." Even though my indicators are just slightly tweaked indicators that are fully public (only changed to scale them logarithmically and nothing else), they've still retroactively...

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TRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar. All of these signs are...

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When taking the time from the high of 2018 to the high of 2021 and adding it to the high in 2021 (see large orange boxes) we get a clear time target for the end of this 6.5 year correction on TRX and many other utility tokens like XRP. This puts the time target for the end of this correction around July of this year. This is also likely to coincide with the end of...

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TRX Has broken out from this 6 year triangle and perfectly retested the trendline. As long as support at 11 cents holds TRON looks ready to finally end 6 years of volatility compression with a massive decompression that could send prices vertical in a similar fashion as what we saw in 2018. Best case scenario TRX is over $10 next quarter, but at minimum we should...

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After reassessing the wave structure on TRX with Glenn Neely, particularly the structure which began at the high in 2021 up until now, it seems to indicate that we are in a complex correction which began with a triangle and is now ending with a diametric. If this is correct, TRX should be beginning the next phase of the bull market now. This would mean that we...

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This one is a bit hard to believe and I am not putting much weight on it, but I will publish it just for fun. The channeling indicates that we had wave-A ending at the peak in 2013, and wave-B is just now ending after forming a running contracting triangle. Wave-B also relates to wave-A by exactly 161.8% in time (when measured from the time of the first recorded...

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Based on Neowave principles, the chances are high that we have just finished wave-D and are now beginning wave-E. Wave-D is now time similar to waves-C and B, which means we're likely forming a diametric. The internals of wave-D have also formed into a contracting triangle which is now breaking to the downside. Momentum, price action indicators, moving averages,...

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Volatility has dropped to near historic lows and BTC is breaking out of the bottom of this triangle. We are likely to see a big move down coming very soon as volatility tends to rapidly increase after reaching its low point. If Wave-e is retraced faster than it was formed that means we've probably ended Wave-D and are going to see Wave-E taking BTC down to around...

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Cannabis stocks are rallying on news that the HHS has recommended the DEA reschedule cannabis to schedule 3. This would significantly improve financials for cannabis companies because it will allow them to begin deducting business expenses from their taxes, which has been a major hurdle for cannabis companies to reach profitability. It would also encourage more...

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Bitcoin has dropped to historically low levels of volatility. Typically this means a very large move in either direction is going to happen relatively soon. How soon exactly is not clear, maybe 1-4 weeks. This also doesn't indicate which direction the market will move, just that a breakout is likely coming soon. Take your pick on which direction it is going to go,...

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Short BTCUSDt September futures contracts + Long BTCUSDt perpetual swaps (OKX) This trade will work the best if prices go down or sideways between now and settlement, here are the possible outcomes for this spread trade: If prices go down slightly then the spread is likely to close faster and funding rates are likely to decrease. This could result in...

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Based on Neowave principles, it seems like major stocks (and non-crypto tech stocks in particular) will continue to rally into the end of the year, followed by a long correction in 2024. After wave-E is finished in early 2025, we should see one of the largest bull markets since the 1990s. This will complete a 25-year correction which began in 2000 when the last...

Intuit Updated 

Price action on BTC is mirroring the 2nd half of 2021, wave analysis remains bearish, bearish momentum divergences are increasing, regulatory headwinds are getting stronger, sentiment is high and traders are becoming increasingly arrogant, memecoins like PEPE are echoing SHIB, BTC is stuck under a multi-year resistance line, fundamentally there are still several...

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One of the most important things in trading is forego your own wants and want what the market wants. When Glenn Neely and I first came up with the x-wave idea for BTC, I did not want to believe it was true and I continued to WANT my diametric pattern to be the end of the bear market, as it had been for the last few months. As time has gone on it gets harder to...

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Based on the severity of this pull back It seems like the breakout for TRX has failed, and based on the macro environment the probabilities are mounting we may briefly see new lows this year before pushing towards all time highs. This seems to be coinciding with a crash in the US banking system, which will eventually lead to a fast response by the Fed to turn the...

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TRX appears to be ending a triangle which began at the beginning of it's price history with the lowest point being wave-A of the triangle, and wave-E reaching its conclusion now based on the time target of E=(C+D)/2, and a price target of of E=C(0.382). The internal structure of wave-E has formed into a perfect triangle with wave-e of E now reaching its time...

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Seems like we are hitting a strong bearish divergence here. Breaking down from this triangle would likely mean we go to at least 20-25k, and breaking down from that support could mean we go under $16k, and likely head towards $10k. Still seems probable that Microstrategy/Saylor are forced out of at least most of their position, more so than they already have been...

Intuit Updated 

BTC has reached the end of a diametric pattern which began at the highs in early 2021. In a diametric there must be at least 5 waves that are similar in time and 2 waves that are different. That has manifested here perfectly, orange boxes are the same time, green boxes are the same time. This implies that we have just ended a nearly 2 year pattern and we should...