PeterLBrandt

PeterLBrandt

If this pattern completes with follow-through, this might become one of the most classic rectangles in the history of classical charting

PeterLBrandt

Adjusted for inflation, Bitcoin remains below its 2021 highs. This means that despite halving, despite the hype, despite the ETFs, Bitcoin has not made a new high in more than 3 years. This does NOT mean that BTC has topped. I still place a 75% probability that the current bull trend which started at the Nov 2022 low is only halfway done -- and that a move to...

PeterLBrandt

Watch for the closing price penetration of the right shoulder high as an indication that Bitcoin will go on a run against Gold.

PeterLBrandt

Hey, I am not promoting the idea of a possible double top, but the reality is that adjusted for inflation Bitcoin has failed to make a new high from three years ago, despite halving, despite ETFs. Just something to think about if you want to be honest with yourself, huh?

PeterLBrandt

A symmetrical triangle is what I define as a diagonal pattern, meaning that the breakout is through a slanted line. A simple penetration of the upper boundary of a triangle is NOT a legitimate breakout. Only a close above the Mar 27 high with expanded volume should be considered as a breakout.

PeterLBrandt

The SOLETH chart is poised for a massive breakout in favor of SOL

PeterLBrandt

The current thrust in Silver, with AMEX:SIVR as the proxy, has completed a massive inverted H&S on the weekly chart. It is important for Silver to consolidate these gains without providing the false breakouts this market is famous for.

PeterLBrandt

The thrust today in Gold completed a bullish half mast flag. The target now becomes $2,400-plus I would not short this market if it was with my enemy's money

PeterLBrandt

As shown on chart of GLD, a major breakout occurred today. The target is well into the 200s.

PeterLBrandt

With today's upward thrust, assuming that prices remain strong through the end of the week, my target in Bitcoin is being raised from the $120,000 range to upwards of $200,000 for the current bull trend expected to end in Aug 2015.

PeterLBrandt

Following the premature breakout of a massive rectangle that lacked follow through in Russell in late December, the rally today appears to be the legitimate breakout. This could be a strong advance.

PeterLBrandt

OANDA:AUDNZD completed a massive triangle this past week and direction should now be down down down

PeterLBrandt

We may be entering a strong period for the U.S. Dollar. Price charts favor the USD with the Eurocurrency, Canadian Dollars, British Pounds, Aussie $, SIngapore $ and others.

PeterLBrandt

This is the most asymmetrical reward to risk trade I see right now of all the markets I follow. As I do the math, there is a potential reward of $10 for every $1 of risk. I dream of set ups like this. Of course, that does not mean it will be a winner. TVC:RUT $M2K_F

PeterLBrandt

This would indicate target of mid FWB:30S and serious challenge of parabolic advance. This top would be negated by a close above 42,400

PeterLBrandt

Remember, daily patterns are not as reliable as weekly patterns. But this H&S bottom is supported by COT data and could represent the start of a strong trend for the USD in the months ahead.

PeterLBrandt

The Osaka Nikkei Dow as I write this is undergoing a potential MAJOR chart breakout. Note that the 6-month right-angled broadening pattern breaking out has the same chart structure as the 3-year RABT completed in late 2020. A move back below 33110 would force me to alter an extremely bullish view on Japanese equities.

PeterLBrandt

London Mar 24 Cocoa violated its parabolic advance (linear scale) in recent weeks and was unable to trend higher. Today's decline appears to be a possible failure top roll-over similar to the chart in NY Sugar that led to a precipitous decline in Sugar during December. Could the same type of decline occur in Cocoa? Who knows. Factor Prop Account shorted London...