SPX has returned to it's peak; do we break or do we crash?
BTCUSD failed to break out with the ascending triangle pattern; and broke through the -2 lower bound of the channel. This short series of consecutive red candles has pushed the RSI to it's lowest point since July 16. Interestingly, there is both horizontal support and the support of the -3 lower bound ( which coincides with the +3 peak we saw in the rally......
BTCUSD has rallied nicely off the lower bound of the rising channel. We can see that within the rising trend we may have an ascending triangle formation. Provided the rising support is maintained; we can see there is a nice strong upside potential which will take us up to the $14,000 resistance marker. Interesting to see how this progresses... #crypto
BNBUSD looks ready for it's next leg up in this rising channel. RSI has consolidated around 40.0 RSI; which has been a rally point throughout the channel. 10%+ upside on the rally back up. #crypto
SPX running into it's previous All-Time-High. Meanwhile, Deaths by thousands each day Unemployment worst since end of WW2 GDP in the toilet International trade collapsing Bulls apparently have no fear....
BTCUSD looks ready for a continuation of the rally. #crypto
FAANG is definitely seeing a drop in interest being paid to it; but the underlying evidence suggests a long @ the 40.0 RSI is going to be the play to make. I've previously written about my concerns that these are overpriced in the macro; so I wouldn't be looking for long term exposure - but while this channel remains in play, there is profit to be had.
EOSUSD looks like it is ready to rally off the base of the channel. Blue lines are +/- 4 deviations. #crypto
Gold looks primed for a breakout of $2000; and here is why. The spot price is forming a very clean ascending triangle; while RSI has reset back down to around 60.0 and is now flashing a hidden bullish divergence. That is, the lows on the price are increasing whereas the lows on RSI are (subtlety) falling. As we expect from a triangle pattern; the volume is...
DXY may have finally found a support; even if just for a little while. It's troubling to see such a rapid and continued decline to occur on something so important to global trade...
SPX has definitely slowed it's pace, as questions about sustainability of the run begin to increase. This close to the previous high water mark; I think it's only logical that we will continue to see a grind up to that mark before a true decision is made. Personally, I think it's insane we ever got this close. Trend: Rising Orange Dotted Line: Previous High White...
BTC does not want to retrace, despite falling RSI and falling volume. the last candle wasn't quite an evening star - but it was very indecisive. And with the current candle acting as an inner candle; there really isn't anyone making a clear push in any direction. #crypto
BTCUSD is parabolic. As a rule, we expect a 60-80% retrace off a parabola. The bigger question is, when will the vertical movement slow down... #crypto
Something I often look at but rarely discuss, is the ability to stabilise the underlying fluctuation in a FOREX pair by introducing DXY as an offsetting pairing. While this should have no impact on trading decisions you make - which should absolutely factor in flux on both sides of the pair - this is a great way to get a clean read on how the non-US side of the...
DXY not quite in freefall but it is definitely making sure it's parachute is ready. This is a key zone for any kind of fiscal recovery here. Anything below the second horizontal line is a dark and scary place.
GOLD is overcharged. No matter how you cut it; this run is overextending. We are going parabolic on the 4h ... We are overbought on the daily : We are in a bearish divergence on the weekly : And we are at the all time high, and overbought on the monthly : Something tells me goldbugs will find something bullish in this though.
Something a little different here; with a direct comparison in the value propositions held by Ethereum and Ethereum Classic . ETHUSD is in a bullish rising channel, since March, and has recently broken it's key resistance: ETCUSD started March as a bullish rally; however failed to continue through as ETHUSD and has retraced about 40% of it's positive...