Stone881

Stone881

HOG faces some serious head winds confirmed by the lower highs and clear downtrend. Despite them buying back 1b in stock, this is a good short candidate on local tops. DEI is the death knell for a company built on the back of blue collar workers, who are not only getting older, but are pissed off and seeing challenges with inflation . The H-D tent at Sturgis is...

Stone881 Updated 

I have a target on the D1 of 104.50 and this H1 h/s would target that area, and retest the break of the trend line shown. 104.50 happens to tag the 200 DMA and has confluence on major charts including SPY/QQQ/GOLD/BTC with their 200 DMA underneath.

Stone881

Dxy has been showing a lot of strength lately, but is due for a major correction and is in a rising wedge. Possible retrace to 99.50 w confluence of the .236 Fib and Green 100 DMA. If it overperforms, next clear target is 97.75ish where confluence of prior resistance and 200 DMA come into play.

Stone881 Updated 

This is a beautiful chart and we may soon see if gold is ready to end this year plus consolidation. The DXY will tell the story I suppose, it sure got wrecked today. But it seems like gold buyers are waiting to see if the dollar is really going down for the count, or not. I would love to see a close above 1830 today. If we fail here, then I expect us to have...

Stone881

We are all familiar with Brent Johnson's theory by now. It isn't one that I agree with simply because the petro dollar standard is dead. I also think that emerging economies have found other options to finance their needs and are defaulting on their dollar obligations. I am not a huge fan of head/shoulder formations, but that is what we are seeing here imo. ...

Stone881 Updated 

It is said that markets don't repeat, but they rhyme. From my perspective we can clearly see this between last May's correction and now. Of note is the lack of volume on the current correction, which makes sense knowing that we are seeing whales hold onto their positions. And the time frame on the current correction is slightly compressed vs. May-July. It...

Stone881

This comparison is pretty self explanatory. It would appear that the 10 is slightly ahead of Btc, which of course makes perfect sense. All credit for bringing this to my attention, goes to the Market/Crypt/Reset Sniper. Cheers mate!

Stone881

Text book retest and cup and handle....There is a lot to like here on long term charts and also on the daily.

Stone881

As the chart indicates...until I see the regression channel turn down, path of least resistance is higher.

Stone881 Updated 

Looks like OTX could be playing out this pattern. If BTC can hold in here and stay at least range bound, this has a chance to work out. Based on the W, price target of $1.60 - 1.75 looks feasible. We may also see a Cup and Handle pattern play out in the course of this. I love trading OTX and it has been holding up very well over the past weeks.

Stone881

The daily chart says it all, with a measured move out of the triangle near 10 dollars. The fundamentals back this up also, as this is the most profitable crypto miner and we are on the verge of new all time highs on Btc and Eth.

Stone881

Notice the highlighted areas....This move has been a text book stair step from Bitcoin and looks to be about ready to put in the 3rd leg higher. Will be interesting to see if a retrace into daily consolidation follows this 3rd leg. 50-52k is my target for a back fill/rest and then chase after 64k. The obvious target for the 3rd leg higher is 58500.

Stone881

If we look at this simple chart of the 4h, it is clear that the 200 day hasn't been touched in almost 6 weeks, which is historically the longest period of time without a touch. My analysis calls for a grind sideways to lower until we touch that area, at which time I expect a hard bounce. If we are to follow recent price action, in which we have seen...

Stone881

This idea is invalid if break the strong trend line at 36 and change.

Stone881

SNX clearly broke out of a formation and you can see the blue buy signal at the bottom. Have also just had the same signal for; Ethereum, Cosmos, Link, Dot, Ada, Silver, Gold and waiting on Bitcoin. Buy weakness and sell strength.

Stone881

Great set up for at least a bounce to the top of the falling wedge. We also just touched the 200 day and the bottom of the regression channel, which for Bitcoin moves in 3 standard deviations. On top of that the RSI and MACD are getting compressed, setting up a nice bounce. Everyone and there doge are calling the end of the bull market, you might think about...

Stone881

This is a basic chart, but it is clear to see we are at the bottom of the regression channel. Bitcoin moves within 3 standard deviations, most equities and the scam known as Tesla is actually higher. Path of least resistance is up, despite all of the panic and obituaries for Kingcoin and the rest of the cryptos. Here is a simple exercise that most have...

Stone881

Looks like we may be seeing a run to about 61k and some change, then I would expect a retest back down to 55k. Seems likely to be range bound trading for a while, but if the dollar keeps collapsing, that may lead us to the next leg higher sooner than later.