XYZ-Trader-

XYZ-Trader- Updated 

This is just a quick sketch of one possible scenario. I have zero idea what really happens. Do not use this to play the market.

XYZ-Trader-

This chart will be unpopular for all the gold bulls and go against the argument that Gold is a store of value and a flight to safety during a financial crisis and inflation. The most eye opening part of this chart, is that it predicts gold to fall to $135 an ounce. This is a very contrarian view at the moment. We just broke $2,000 an ounce in gold and we are in...

XYZ-Trader-

This chart is for entertainment purposes only and setups up a possible bear scenario. I'm not an expert at distribution patterns but I thought it would be fun to see if this might fit the pattern. I don't think gold is excluded from the 'everything bubble' that the Fed is trying to pop. The Fed has been very clear that interest rates are going to go higher and...

XYZ-Trader- Updated 

I'm a Bitcoin bull but I decided to take a look at the bear side and see if I could apply the Wall Street Cheat sheet to Bitcoin. It's hard to fit it but if the bears want to make the case that the top is in, this is one extreme scenario. It won't be popular. Do not get excited or mad at the chart. I put it together in a short amount of time as a fun chart.

XYZ-Trader- Updated 

From the 4 month candle view BTC is still in an uptrend but it looks like it really wants to test between 10k- 14k. That would make the 80% cycle retracement. If that's not support, then we could see a 90% retracement.

XYZ-Trader-

I don't expect anyone to understand this. It's just what was in my head and I went with it. It's completely for fun.

XYZ-Trader- Updated 

BTC is in a 5th wave breakout and has a lot of upside potential, and a potential to go over extended for as long as it wants to be over extended (1 day, 1 week, 1 month, 3 months, 1 year, etc). Eventually though, price will come down and retest the breakout area (10,500) and if it holds support, a resumption to all time highs. I would definitely be accumulating...

XYZ-Trader-

Threw it together in 5 mins. Just for fun everyone.

XYZ-Trader-

This is just for fun. I'm predicting we are in the hope phase of the Wall St Cheat Sheet. If you think about it. That describes what everyone is doing...hoping that BTC is adopted by more people and moves into the next phase (optimism). I do not believe BTC is crashing. We might have even seen the yearly bottom put in after it found support at the bottom of the...

XYZ-Trader-

If the 2015 pattern is playing out again, this is what it would look like. We could be close to the end of this correction.

XYZ-Trader-

I think 14k is the intended target of this current correction. That would test the breakout of a major former resistance area. This would also conclude the 80% cycle correction. Not financial advise, but anything around 14 - 22K and you're getting BTC for a steal.

XYZ-Trader-

I zoomed out 6 months and I've been noticing these two large bull flags that have been forming since as far back as the chart goes back (2014/2015). If the pattern plays out, then bull flag 1 is currently active and bull flag 2 is waiting to breakout. The two bull flags create a very high target zone (200K +). If bull flag 2 breaks down, then we have the top of...

XYZ-Trader- Updated 

I'm neutral on the sidelines watching this recent rally. I'm trying to decide if this is a suckers rally or will it break through resistance and test all time highs. Notice that this entire correction was inside of a bullish wedge pattern and what we are seeing is the breakout. Generally breakouts lead to retraces, so price should come back down and test that...

XYZ-Trader- Updated 

The TNX looks like it's been in a huge cup and handle pattern since early 2020. It also looks like the handle is breaking out and if the pattern plays out, we could see the TNX all the way up to 3%. That could put pressure on the precious metals, real estate, and the stock market. I think the Fed would have to intervene if we saw rates go that high.

XYZ-Trader-

The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction

XYZ-Trader- Updated 

The trend continues to be your friend until the very end. This is 2 day chart that I posted in the beginning of the year that continues to be in play since the COVID meltdown in early 2020. Price has been in a strong uptrend with very few pullbacks. Even the pullbacks result in dramatic reversals and pumps to the upside. Here is where it gets interesting. We...

XYZ-Trader- Updated 

As you can see from the chart, there is a very obvious line of resistance that was broken two weeks ago during the Santa Claus rally. A line that held as resistance multiple times over the course of 1.5 months. The S&P is notorious for testing prior breakout and breakdown areas, especially when it is as important as this one and it was breached during a genuinely...

XYZ-Trader- Updated 

Bitcoin behaving like May just before the dump. Which way will it go? Bulls need to get above 52K or the odds are that we see much lower lows and possibility of another bear market.