JSiminoski

JSiminoski

10 more days until this pattern potentially completes If history rhymes this may signal the start of the next bullish phase The Inverse H&S pattern that is forming is called icing on the cake

JSiminoski

This support continues to hold, will be interesting to see if we can sustain a bullish move to the high end of the range. We could see price action chop sideways at this support level over the low vol holiday period.

JSiminoski

Price action is basing, break out likely soon. Nice MACD divergence and clear level at 20.40. Above is bullish below is bearish.

JSiminoski

Bitcoin dominance has been in this range for months now. Typically when dominance starts increasing off the bottom of the range that is a leading signal to a price increase and vice versa. You can see on 9 Dec dominance started to rally off the bottom while price action was still falling and now we are seeing a small rally. Will be interesting to see if this...

JSiminoski

Looking for the Wave 2 pullback to begin and already mapping Wave 3 ATHs. Note the descending triangle breakout and MACD divergence as well. ETH will lead SOL price action.

JSiminoski

XRPBTC is at a level of strong support that has been followed by strong bullish moves. Maybe this is adding confluence to ALTs leading BTC for the rest of the year. -OR- Maybe XRP will just have a quick bump then BTC will take control again. Interesting either way.

JSiminoski Updated 

Elliot Wave Theory playing out well so far. Looks like we have confirmed the Wave 3 breakout. Typical Wave 3 target (1.272 fib ext) takes us back to ATHs.

JSiminoski

Potentially seeing this pattern play out, its tracking pretty well so far. Will be paying close attention.

JSiminoski

Wave 4 pullback played out to a tee. We have an inverse head & shoulders pattern with MACD divergence finishing it off. Now the Wave 5 run will be officially underway once the neckline of the aforementioned pattern breaks. New highs on the cards.

JSiminoski

Wave 5 completion set the low which we have now driven out of. Simple Wave 2 pullback meaning we can expect a complex Wave 4 pullback later. Strong impulse to start the Wave 3 run, will be watching for continued momentum.

JSiminoski

This could be the consolidation pattern that lasts for the next 24 hours before our next leg higher. Maybe when the Bitcoin ETF volume kicks in? Lets see

JSiminoski

Money printing in real terms is admittedly at the top of the historical range of this data set but its not beyond what we have seen. Maybe inflation is transitory? Maybe it's not. It is clear that a vast majority of the additional money printing causes asset inflation otherwise this chart would look a lot different. i.e. if gold didn't have a significant move up...

JSiminoski

Real personal income looks to be coiling in a descending triangle within in a bullish trend. Maybe Q1-2 next year we see real incomes reaching a new ATH (according to this data). Pretty clear that overall peoples income haven't gone up in years.

JSiminoski

When you take the total public US Federal debt divided by gold you get this chart. Interestingly it shows we are in the middle of several year range. Maybe our current debt isn't as bad as we thought? Note that I call this our "Real" National Debt because gold helps take out all the money printing and serves as a better store of value and/or currency. 2018...

JSiminoski

Nice potential H&S pattern lining up on 1HR. Need a break and retest of the neckline to confirm. Would look to short on the neckline break and retest using a fib extension 1.272 target. Could easily be a 2:1 RR depending on your stop placement. MACD Divergence Wave 5 completion (depends how you read the count) Good RR Clear H&S Pattern

JSiminoski Updated 

Monthly - 0.618 Fib/Wave 2 pullback Weekly  - Support/Completion of ABC pullback Daily  - Triple bottom/Support/MACD/Descending  triangle/Wave 5 completion/Low test/Decel LTF  - 15 min wave 5 completion/15 min break above 50 ema/1HR break above trendline/MACD/Support RR - 9.1 Management - Long term

JSiminoski Updated 

Monthly - 0.618 Fib Weekly - Support Daily - Wave 5 completion/Descending triangle/Double bottom/MACD/Bullish Engulfing LTF - Descending triangle Breakout/MACD/Double bottom RR - 8 (Previous M/W highs) Management - Long term

JSiminoski

Weekly Swing Watchlist Rough trading week with some strong downside volatility in my positions. Can really see this week going either way at this point. #1 Secondary Watch $IIVI HTF ACB Long Monthly - 0.618 fib Weekly  - Support/Descending triangle/Wave 4 ABC pullback Daily    - Support/Decel/MACD/Low test LTF        - 1Hr Symmetrical Triangle/MACD...