MoneyPatterns

MoneyPatterns

MARA is highly correlated to spikes in BTC price. Options are cheap and so is stock. WARNING - This stock is known to have 30%-100% gains in under a week and then massive selloff. Need to watch carefully. I have purchased stock and options in the current zone during the last dip October. I am neutral biased for movement (but long Calls and stock). If it...

MoneyPatterns

RSI had fake breakdown. Waiting for SPY $315-$320 (possibly overshoot with euphoria to $330) Fed rate meeting coming up on December 11, 2019 www.cmegroup.com SPY / SPX has been in uptrend for a month, despite all world issues of debt, QE, impeachment proceedings, and being extremely overbought. Regardless of how we feel about the outcomes of the issues above,...

MoneyPatterns

This is literally the same chart I posted last week. Price is following the Gaussian Channel midline. Gaussian Channel has held for 2 weeks, so I consider the TREND INTACT. Fractal is not exact. Orange arrow line is 200SMA predication line. Watch for price to cross above this line. Yesterday, the spike in price was stopped by the 4HR - 50SMA before crossing the...

MoneyPatterns

Looks like this 1HR Candle will get Gaussian Channel to turn green. Need to watch further, but the turn on Daily chart around Gaussian Channel will carry us into halving and complete the current pennant formation. I am seeing a wide upper range here where we could go 12k and possibly retest 19k ATH at halving. If we see continuation on the 4HR chart Gaussian...

MoneyPatterns

We just turned red on Gaussian Channel on 4 Hour. We might get bearish over next few days. Excellent entry in BUY ZONE green box. We may get slightly outside Gaussian Channel. If we do, watch RSI for getting to 30 for strong rebound to enter for long position. 200SMA is going to get lower right around the same time we look to be scheduled to turn the Gaussian...

MoneyPatterns

If we take today's price $8800 and use 49X = $431,200 If we assume BTC halving’s produce less returns by half, we still get roughly 24X from today until December 2021 peak (2 YEARS PEOPLE) - $8800 x 24 = $211,200 which has high correlation to the chart shown and stock to flow (which is 99.6% correlated to BTC price). WE ARE SOOOOO EARLY PEOPLE. I’ll say it...

MoneyPatterns

Bearish because - On Nov. 15th we either break a 12 year resistance line with 6 points of contact or go to even higher all time highs. If that is not the definition of euphoria, I don't know what is. RSI Overbought. Wycoff Trend Overbought. I have closed my Put position to limit loses and re-enter because this dumpster fire is keeps going up. Any significant...

MoneyPatterns

Two possible Fib Retracements here. Chart shows most recent high Fib Retracement. Using 2nd previous high, we are resting on 0.382 retracement. I do NOT see us going outside the Gaussian Channel. I will be adding anywhere in the bottom of the channel. PlanB Responds to Flaws in Stock to Flow Model - www.youtube.com Basically has another quant try to prove...

MoneyPatterns

Uptrend continues, but increasing looks to breakdown. Price is almost at 12 year resistance line, white line top of ascending wedge (from 2007 to present). This is significant resistance. Price drop below bottom of white line ascending wedge indicates a more severe downtrend. RSI overbought and starting downtrend. Wycoff Trend accumulation shows bullish trend...

MoneyPatterns

Looks like Fib Levels match up to completion of Cup and Handle. Need to see a breakout above neckline of pattern for confirmation. Gaussian Channel very close to turning Bullish on Daily. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal...

MoneyPatterns

I am continuing my short position in SPY. We are topped out again at ATH and RSI on daily is almost 70. I will continue to monitor, but I still feel we are going down on SPY. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal...

MoneyPatterns

BEARISH - Divergence on 4HR Candles. Headed down. BEARISH - 4HR EMA Cross. Got pushed back today with fake pump. Cannot create buyers. BEARISH - Evening Star on Daily. Anytime I see this at top of SPY peak, downturn is almost guaranteed. www.chart-formations.com Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a...

MoneyPatterns

VIXY, VIXX, TVIX All looking to make the turn higher. Using the VIXY chart (all charts are almost identical except price), we see Bullish EMA Cross incoming. If we close above the 1HR Gaussian Channel, we turn Bullish / Green and continue higher for sure. Updates daily on VIXY until we reach target or pattern breaks down. Thank you for liking, commenting,...

MoneyPatterns

Gaussian Channel is riding the Rounded Top white line as predicted. Minor changes to Gaussian Channel predictions show that downtrend is INTACT. Below full candle open and close below 3017 on SPX and we get Bearish on Daily. www.marketwatch.com “There are not a lot of things to push that higher,” Dalio said “Money is free for those who are creditworthy because...

MoneyPatterns

Evening Update for Watch Tomorrow Rounded top and incoming 4HR EMA Bearish Cross (around 1pm Nov. 6) will confirm downtrend. SPX at 3064 or below and Bearish EMA Cross develops causing further downtrend. SPX at 2896 or less and Bearish Daily Gaussian Channel develops. Rounded Top – “Technical analysis of price information suggests that a rounding top may form...

MoneyPatterns

MARA finally flashed a BUY for today's Daily candle. The downward trend reached the bottom wedge line and turned like it should. All indicators are turning Bullish. Trade this stock carefully. It gives great returns in short time, but goes down quick. Timing is everything here. If you get up 50%, 100%, then get out. Otherwise, you are risking giving back...

MoneyPatterns

All lower time frames are BULLISH. Medium time frames are all BULLISH. Only Daily needs Gaussian Channel to turn green for confirmation of continued uptrend. Close above $9586 looks to be outside Daily channel, causing Gaussian Channel to turn green (BULLISH). If we get a full candle open and close above $9586 in next few days, we are setup for daily and weekly...

MoneyPatterns

Looks like we may get an Evening Star on SPX today. At close of market, it was exactly like ThePatternSite but price going down still. Confirmation at close of day tomorrow with a candle that opens below the prior candle, and closes at least midway down the body of the day prior (Like Nov. 4th). “The evening star candlestick acts in theory as it does in reality,...