Short term trade on BTC reaching 50% retracement after finding support.
Solana seems to be a pretty predictable as price moves down the bottom indicator the top usually declines with it, and if price inclines volume inclines. This indicator measure the difference between two moving averages similar to a macd histogram. As the two moving averages become closer then the indicator retract back to its average obviously is the fast is...
Since the end of November 2023 the QQQ has not gained any without the mag 7. The magnificent 7 have increased by 30%. If you take out TSLA the MAG 6 has increased by 44%. 6 companies holding up the weight of index. However, TSLA is looking quiet bullish. Mean while the QQQ's possible H&S bearish pattern. This concentrated rally might continue further although...
NASDAQ:TSLA SP:SPX NASDAQ:NDX Tesla looking bullish with a setup that has broken out previously to the upside.
TVC:GOLD SP:SPX NASDAQ:NDX A interesting comparison that signals when market are to be in a high risk environment as the comparison moves up or more specifically above its moving average generally markets at some point end up being lower then before it crossed above and started its uptrend.
The magnificent 7 uphold a lot of weight in the QQQ, S&P Index and a responsible for a large percentage of their gains. In fact they hold so much weight of the QQQ that if you held the Q's rather then the MAG 7 you would have earnt 1/3. By holding the SPX you would of earnt 1/5 of the amount. Since mid 2012. So a underperformance of these stocks would largely...
Why currently is bitcoin volume decreasing? Mostly happens at the top of a cycle. Last time this happened mid cycle there soon after bitcoin had a 38% shakeout. I imagine that for BTC to achieve the price highs in which people hope for its only inevitable now that it breaks its long term divergence with the top indicator. Be interesting to see how this plays out.
The magnificent 7 as a comparison to QQQ has currently broken out of a long term rising wedge. As expected this is a sign of momentum of a trend coming to the end. As these stocks hold up the weight of the QQQ, NDX, and S&P 500. A break of a trend on such a wide timeframe could very well conclude any significant gains and possibly the start of another bear...
"Oil: No place to go but up" A chart off oil for the last 50 years has never further deviated from its standard deviation compared over the cost of a risk-free asset such as the "US10Y". This chart has only once ever reached its 2nd standard deviation once in the last 50 years. Let first take a look at the first scenario to get a brief understanding of what this...
So i tunned this indicator in such a way that the top represents volume and a period. Which current action is either underperforming or over performing the past previous period. Same with the bottom indicator is set to price action. The bottom indicator more importantly being in the RED whilst inclining for some period. The top being green seems to me as if I...
There seems to be a relief rally on the cards as the NDX approaches a very significant point of confluence whilst posting bull sentiment on the lower time frames. This relief rally may just be very well short lived as a potential H&S pattern may be at play as the market seems to still remain very oversold with such divergence on higher timeframes more or less...
Russel 2000 has currently reached is standard 2 deviation as a comparison to the pricing of s&p. What this means is that currently the S&P price has increased so much over the Russel that recently it has deviated from it average +2 standard deviations. At some point in time price will inevitably return to its average. This could mean one of two things. The s&p...
The 12 month candle closes tomorrow which signifies a Dragonfly candle stick on what would be the 24 month chart. As trading view does not allow a 24 month timeframe. By adding these two candles together and what looks as a top of an uptrend demonstrates a potential reversal signal. - A dragonfly doji can occur after a price rise or a price decline. - The open,...
Information sector which concluded technology stock are posting a well and truly bearish divergence concluding a H&S set up on the Moments oscillator. Fake outs of such Triangle or Wedges are usually develop high volatility as direction changes and either become strong bullish or bearish trends. One might suggest a retest of its breakout however clear divergence...
Energy SPX comparison in looking oversold on the RSI. Whilst SPN has underperformed sectors rotation is poised to have energy take a bounce. Whilst the potential of a long term double bottom may be on the cards the SPN. SPN has recently made a short term double bottom within its sector. So the chances of energy price moving up as a comparison only because its...
A great indicator to spot divergence is the WAVE TREND by Lazybear. Although not yet confirmed is displaying a clear divergence between the august peak 2023 and the current peak. Similar divergence between June and October that took 111 days to complete lead to the the rally that has achieved over 28%. If this divergence is confirmed we will all but wait and see...
Volume as a comparison has reached a 4 year low. Hard to say what this means as of current but looking back at that event can conclude that something substantial in the market was about to unfold. Whilst this chart may look bullish for tech as a comparison and markets proceed higher most of the time its always important to take into the account that a comparison...
Shiller PE ratio is finding resistance within its Guppy Moving Averages. Facing the possibility of being rejected by the resistance and creating a H&S pattern. Formally breaking its neck line would be a sign of a big correction within market capital of companies and the underlying earnings of businesses.