Market Cap 6.9 Billion Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55. Price has since corrected 88% and finds itself in the Golden Pocket. We also have our first "Incredible Buy" Signal + Stochastic Oversold. Does that mean the bottom is in? Don't know, I...
Greetings, friends and speculators. Let's take a moment to examine the Crypto King's relationship with the 2-month RSI indicator. The RSI has proven itself as a powerful tool, accurately identifying the exact bottom on three separate occasions. During the bear market lows of 2015, 2018, and 2022, a hidden bullish divergence emerged, signaling the conclusion of...
BINANCE:OOKIUSDT has seen a significant decline from its all-time high. However, the 10-day RSI (Relative Strength Index) and OBV (On-Balance Volume) indicators show higher highs and higher lows. Currently, the 10-day RSI is at 53 for the first time, and we've successfully backtested the previous resistance. The trendline, along with the 0.236 Fib level and...
KUCOIN:HYDRAUSDT has seen a massive decline of 99.4% from its peak, and it has found support at 30 cents, but is the bottom finally in? The trading volume has been high lately and there is a possibility of a trendline breakout and backtest. RSI is close to making higher highs, but the bulls need to push beyond the 92-cent range to avoid a hidden bearish...
BINANCE:MDXUSDT has corrected a whopping 98% from its highs. It has not followed BTC's bullish rally and currently lingers near a strong demand zone. If we are to follow Wykoff's Accumulation Schematics, we could be entering Phase C. Phase A began with Prelim Support / Selling Climax before a 320% Auto Reaction. This strong rally pushed our resistance zone...
Market Cap 3.1 Billion Up a nice 2,400% before the RSI Bear Div and the "Incredible Sell" prints. Price has corrected 92% since and was gobbled up from the 0.786 fib level. Big Volume Profile in this range with POC around $3.80 Weekly Heikin Ashi Money Flow Index sits at 0.11! Stochastic Oversold. Long Term Bulls should now DCA. Could it drop further?...
Reposting this just as the historic Ethereum Merge gets underway. (Original post from July was removed) Since the March 20 low when the market cap was a measly 91 Billion, the crypto space added a whopping $2.7 Trillion before topping out in November 2021, an impressive 2700% jump. The market has since corrected 74% to the tune of $2.25 trillion. We are now...
Market Cap - 426 Billion META has been on a 9 year bull run, in that period, it has firmly cemented itself as a digital marketing juggernaut. When it reached its all time high of $384.33 back in September 2021, it had an enormous market cap of 1.064 trillion dollars. At the time, it was only the fifth U.S. company to hit the milestone , joining Apple , Microsoft...
To all my fellow traders, speculators and gamblers, its been some time since my last post. I hope you've all been well, and most importantly, bathing in huge profits :) It seems like Chainlink followed textbook Wykoff Accumulation Schematics. Not the most perfect schematics, notably PS ( Prelim Support) falling a little short of the soon to be Resistance...
No, this is not a "short idea", but rather a look @ previous market tops & the subsequent corrections. 2013 - In November BTC tops out around the $1,163 mark. An awesome %50,000 return if you were lucky enough to buy bitty @ $2 only a few years prior. Price then corrects a whopping %86.7 & bottoms @ the Fibonacci 0.618 level, a 2-year accumulation period...
Current Market 79 Billion Up an impressive 200,000% over the last 20 years, Netflix reached an all time high of $700.99 back in November 2021. It has since corrected a whopping 77% and hovers around the $165-$180 range. The biggest correction Netflix had to endure was back in 2011-2012, it reached an all time high of around $43 before a staggering 82.5%...
Current Market Cap - 6.3 Billion Tether dominance has risen over %284 ever since the market peaked back in November last year. However, it is starting to show weakness after it made a higher high while RSI made a lower low. The last time RSI printed a divergence, it signalled the market bottom and money started flowing back into cryptocurrency We could...
Current Market Cap 1.69 Billion Since it dumped to 0.00157 during the March 20 sell-off, VeChain rocketed up over %17,000 to a high of 27.9 cents! Shortly after, the "Incredible Sell" prints, these signals should not be ignored on higher TF's. Price has since corrected over 92% and finds itself @ the 0.5 Fib level (2 cents) This area is also previous...
A very brief look at 5 of the most significant market crashes to date, using the Dow Jones Index. Content taken from various online sources. Great Crash 1929 Many factors likely contributed to the collapse of the stock market. Among the more prominent causes were the period of rampant speculation (those who had bought stocks on margin not only lost the value...
First things first, I'm not the biggest fan of this centralised thing called XRP. I don't like the propagandists on YouTube spreading rubbish like "XRP TO 10K, 25K ,50K, 100K" ", The Great Reset " etc.. But feelings don't matter here, and as my mentor repeatedly says - "Emotions man, A Money Killer" Since it hit 10 cents during the March 20 sell-off, price...
V.F Corporation , Market cap: $19.44 Billion Price action near the 100MA + RSI dips below 40 + Stochastic Oversold = The best long term buying opportunities. Most impulse moves had retraced to the 0.382 Fib level, on 1 occasion the 0.618. Buys from the 0.382, which sits at around $40, would be excellent! Price tends to visit the 100MA on average, every 10...