The charts are showing us a double top on the weekly. We've had divergence on the daily, and now we are finally breaking down. We have a weekly level at 52K and a Monthly level at 42K. This is where I would be looking to rebuy in on a bounce until we confirm we have made a base of support to build and go higher. Don't HODL, take your profits and look for the next...
We've had failed test at 30K range to break above. Probability is high we retest lower levels of support back at 25K. If we fail to break above 30K on the bounce at 25K we are most likely testing lower levels of support, 20K, 13K Major support levels. The chart is showing a rejection at 30K and shorts are in play. I would collect profits, and not Hodl. Comment:...
Gold is starting its new bull run, Gold stocks are lagging but will move forward in the future. Bottom is in. Monthly macd crossing Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on...
Do we break the downward trendline or do we bounce off and make a new lower low? 60% probability we bounce of this and make continue down lower. The chart has been making lower highs, and lower lows. We haven't formed a base yet for accumulation. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not...
Long term the DXY is in a massive bull run. Short term pull backs. Big fan of the Dollar Milk Shake theory. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before...
RSI - UP PRICE - UP MACD - UP Back in 2014 we broke a massive down trend. We've had this mult-year channel that we just broke through and we continue to break above previous levels of resistance. I think there is a high probability 112, and a smaller probability we see 118. Comment: **disclaimer- anything mentioned in this forum is for information & educational...
What goes up, comes down. We could see some massive $$$ printing and we could have a final pump on the market, but who is that serving? The top 5-10% of people. I see a multi-year long bear cycle in coming. If we break below the blue trend-line that brought us here we will most likely retest the old trend-line and the Previous High back in 2008. Comment:...
2014 - We break through a massive down trend dating back to 1970's 2014- Today - Mult year channel Today - we break above a make a new high from the previous high back in 2017. Im looking at levels of 109 long term with a possible run up to 119 Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not...
BTC is dumping, All Alts are going down. How low will ETH go. Levels to look at 1100, 850, 430, and 200. I think we could see a wick down to 430 maybe close to 200 when this all plays out. Alts are going to take a massive hit. get some orders in at those lower levels.
Not trading advice. Just looking at support and resistance and what I could possible see happening. Not saying anything about the time frame, but I think we hit these levels. Looking forward to looking back at this chart.
Posted about the massive cup and handles forming back in early 2021. Massive Bullish signal. We have a monthly crossing approaching on the MacD. All signals show more upside to gold. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment...
Massive bear flag forming on the monthly. higher probability we break lower from here. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making...
I see this a lot with the community posting chart patterns, lacking basic understanding of chart patterns. The wedge pattern in May of 2021 - July 2021 and the Wedge continuation Jan 2022 - Now These two have different outcomes and probabilities. Beware of trend confusion and lack of basic. Comment: **disclaimer- anything mentioned in this forum is for...
Near perfect rejection at the top of the trend. I'm not a fan of the lower time frames as I'm not a daily trader. The monthly Macd just crossed huge bearish signal. The Daily momentum is failing. My view has been and still is we see 20k. Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute...
We got a massive bear flag forming! Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making important investment decisions.- disclaimer**
We finally have a monthly Macd crossing, Massive divergence with RSI, Volume, Macd, against Price. 20K is a great range to buy with it being previous ATH. Major support at 12-14K range. Patience is key in the macro approach! Don't follow the FOMO, look at the charts, find the support/resistance, and look for divergence. **DISCLAIMER- ANYTHING MENTIONED IN THIS...
broken the trend line up, cross on the macd on the weekly. looking bearish to me.
Obviously we are getting close to ATH, will we break it or have a massive rejection? I will be watching, but I want to throw out a possibility I see.