XForceGlobal

XForceGlobal Wizard Updated 

Here we dissect a very debatable and uncommon technical pattern: the Diamond Pattern. The Diamond Pattern is essentially what it means, a diamond shaped pattern that is seen visually within the price action. A diamond pattern is usually created within the charts when we see an extreme high and a quick sell off due to the uncertainty between both the bulls and...

XForceGlobal Wizard

This post is to show you an overview of how the SNP500 has grown and declined over the past 4 presidencies, starting with Bush Sr. (1989), and now currently, President Trump (2020) - respectively. We can see some very interesting commonalities between the red and blue. Just a disclaimer, this is not a political post, so please keep the comments mature! This is a...

XForceGlobal Wizard

Here we dissect the past, current, and potential future growth of Bitcoin. I am uploading this chart because there seems to be an influx of charts predicting that Bitcoin is going straight to $100,000 by EOY, which is viable, but absolutely low in probability. This chart is showing a possible realistic case for Bitcoin , every phase of the way divided by each...

XForceGlobal Wizard

Bitcoin has been showing some clear strength over the past few days. Many are clearly forgetting that we are trading below a major resistance level on the daily chart. Here we can see that although we did break above the larger 618 fib from our swing high to swing low, we are now approaching major resistance at the newly created immediate trend line support. It...

XForceGlobal Wizard

There is no doubt that Bitcoin and the overall crypto market has some correlation with the stock market, with market experts remarking that Bitcoin has been surging in tandem with traditional markets for awhile over the past year or so. Extensive research has already been conducted by market experts to study the seeming correlation of both markets, but I would...

XForceGlobal Wizard

Hello traders! What a crazy weekend for Bitcoin. After a 50M buy in from the company, Square, we have seen a small rally to the upside. A lot of shorts were liquidated along the way, but that shouldn't stop the bears from taking new positions. Let's take a clear look at the TWO CME Gaps on our timeline currently. Technicals: 1. We are seeing a clear attempt by...

XForceGlobal Wizard

Here we talk strictly from a Fibonacci sequence and trend line support perspective in terms of technical analysis. Although we don't advise looking into alts due to the bumpy ride of Bitcoin, we love larger picture time frames to get the overall view of the market. Risk reward ratio (RRR), support line higher lows, and our strong bounce off of the 618 immediate...

XForceGlobal Wizard

With our previous analysis, we have gotten stopped out with a minor loss - but have taken profits on our long from $9,900 as the risk is now getting higher for longs; however, we predicted perfectly that 11.4K would be the major resistance zone. With that in mind, since we have not broken above 11.4K, we can expect some form of retracement here. If the retracement...

XForceGlobal Wizard Updated 

Hello traders, after yesterday's eventful "news" breakout, we saw a strong spike giving Bitcoin another chance to go for the upside. We are saw a small surge in price, but nothing to write home about, at least yet. Let's talk about the important factors on why Bitcoin is not out of the woods, until proven otherwise via a few indicators and technical patterns. I...

XForceGlobal Wizard

First of all, congratulations to everyone may have bought the dip on our previous short term analysis on longing the market: Further continuing our analysis for the bigger picture, we may be about to face strong resistance, first followed by impulse intraday trading. The current catalyst may be due to Square having invested $50M into Bitcoin and now making...

XForceGlobal Wizard

The SPX (SNP500 Index) monthly chart has been giving clear signals in the past with regard to overall changes in trend. With all of those trends taken into consideration, we can see an extremely similar situation with the current price action. As we also take into account for current political, geopolitical, COVID-19, and tech stock inflation factors, we can...

XForceGlobal Wizard

Crypto investors confident that a new Bitcoin bull run is beginning, are likely to hold strong through any coming correction, while traders “buy the dip.” - this is imminent and cautious sideline technical investors are probably thinking otherwise. However, there is currently a bearish signal on the monthly timeframe that NO ONE IS WITNESSING at the moment....

XForceGlobal Wizard

Hello Traders! First of all, thank you so much for the support! Our community is growing ever so fast because of you guys! Here, I would like to dissect the bullish perspective. In my previous post, I did a complete rundown of a bearish scenario, but here, I would like to present a bullish case. Here is the previous analysis on my bearish case: ...

XForceGlobal Wizard

As a result of the Corona pandemic, the financial markets are experiencing a year of extremes. These include, as well as the speed of the price slump and the severity of the market fluctuations during the panic phase in March, the recovery rally that has lasted for two and a half months. Its extent is extremely impressive, and considered by many, terrifying. All...

XForceGlobal Wizard

Hello Traders. With all of the unexpected events for this week, let alone year, we have to revisit some of the key analysis for our current price action. With all bias aside, and taking into probabilities in terms of market psychology, let's take the time to filter all of the noise from any external events and talk pure technicals. Technicals: 1. We are...

XForceGlobal Wizard

After a few of the most uneventful news this week, Friday (Oct. 2) has brought a couple of interesting developments that are rather unexpected. Just a few hours ago, United States President Donald Trump announced on Twitter this morning that he and First Lady Melania Trump had tested positive for COVID-19, an unexpected movie plot twist that has sent shudders down...

XForceGlobal Wizard

Almost all forms of technical analysis involve the use of lagging indicators, as they are a great way to find the overall direction of the price action in either the immediate or medium term ahead. There are very few indicators that use any type of leading analysis due to the nature of the market psychology. That is because we don’t know what will happen - we...

XForceGlobal Wizard Updated 

Here is a suggested theory just based on a single technical pattern that we love to play within the larger pictures for the small scalps / swings. Exposing yourself for the trade is a whole different topic, and how to properly execute it is a strategy that I can't really go into clear detail due to the deep diversity of these patterns; however, as we can see from...