dudebruhwhoa

dudebruhwhoa

What it might look like if we have a 100-year market cycle that remains within a logarithmic parallel uptrend. We typically stay within a parallel channel that has a 100 year cycle top to bottom The majority of the time is spent in the bottom half of the channel As we approach 100 years, we move into the upper half of that channel Finally, we...

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Just a quick thought - the main difference here b/w a typical Wycoff accumulation schematic is that the chart above didn't have a selling climax first prior to its automatic rally. However, since then it has behaved as-if it is in Phase B. I have a much simpler idea for SPX / SP500 that is linked in the related ideas below.

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Quick look at the inverted 2 weekly chart and Bitcoin still looks bullish here, or "bearish" on the inverted chart. Even if it dropped down ("popped up") to 9-12k first, it would still look bullish ("bearish") when looking at it from this perspective.

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Others Dom has a confirmed Head/Shoulders with a bearish target of ~5%. However, it could make another attempt to get back above its neckline if we see a double bottom here. That double-bottom would get us back above the right shoulder, causing a failed HS targeting 32%. Either way, change is coming.

dudebruhwhoa Updated 

HBAR presents a good example of how simple market pattern trading using measured moves still work quite well. As these are moves in crypto, the measured targets exceed recommended lengths for a typical pattern trade, yet still line up quite well in continuing to use the same measurements beyond 1x -> 1.5 or 2x. First, a parallel channel containing a...

dudebruhwhoa Updated 

I love double bottoms and tops when they succeed, because they often give us more than the typical 1.5x measured targets after succeeding, 2x or even more. Harvest Finance (FARM) may be about to print a double-bottom reversal. OBV has been trending up during the entire move down as well. Targets with weekly resistances and support on the chart.

dudebruhwhoa Updated 

Quick update on Bitcoin - If we do not drop down to re-test the 50/200 day EMA's cross one last time, this could be the possible path we take from here, based on a portion of the March 2020 path following its dip. See related chart ideas linked in the Related Ideas section below.

dudebruhwhoa Updated 

If we successfully remain above the neckline, we should go for the weekly's inverted HS pattern targets at 1064 and 1490. We nearly hit 1064 on the first move up after crossing the neckline, and then nearly lost the neckline after closing below it briefly. There is also a golden cross on the 50/200 day EMA and this is our 2nd time approaching a cross back in...

dudebruhwhoa Updated 

The SP500 just saw a golden cross of its 50/200 day MA, and it is presently re-testing the top of its 200 day EMA. The 50/200 EMA has not yet crossed. Pattern on the chart is a falling wedge that has recently broken out. Targets point to a double top with either a slightly lower high if we reach TP 1, or a slightly higher high if we reach TP 2. Much of the...

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Pie in the sky idea - a simple falling wedge on the weekly - 600-1750% or more gains possible if it works out. Related chart linked below for its btc pairing.

dudebruhwhoa Updated 

Super simple chart here - Need to cross the neckline and hold above it to confirm, if confirmed, a move up and into the center of resistance is possible

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There's an inverted cup/handle on the weekly link/btc chart. I've inverted the chart. Short link vs. bitcoin if we breach and hold beyond the neckline. Measured 1x and 1.5x targets are shown on the chart. Dashed line is 0.5x.

dudebruhwhoa Updated 

Possible inverted HS forming on the weekly Ethereum / BTC chart. Question is - are we forming the right shoulder now, or will we see a strong dip forming a more symmetrical right shoulder first? Chart is marked Long, but could be a strong short down towards 0.02 btc prior to turning long. Need to see weekly break and hold above the neckline before actually...

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Simple weekly chart here, RLC broke out of a falling wedge earlier in the year, with targets around 4.32 and 5.76. Note - Last time OBV rose to these levels we saw a spike up to 10-12 dollars. We also see golden crosses on the 50/200 day EMA and MA

dudebruhwhoa Updated 

Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%. Here's my previous bearish idea:

dudebruhwhoa Updated 

Suku has formed a nice bull flag here after breaking out of its falling wedge. Confluence: Golden cross on the 50/200 day MA (dotted), and has been sitting in between the 50 and 200 day EMA for 40 straight days now, and is one of few in the crypto market that has yet to break above its 200 day EMA. Targets remain the same as on my previous post. We could even...

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Curve has primarily been within a parallel downtrend on its logarithmic chart (3 day chart shown here). It broke above that channel and moved nearly a channels width above it, before breaking back down into the same trend. Often when we see a strong channel breakout that eventually falls back into the channel, crypto charts have a tendency to test a breakout on...

dudebruhwhoa Updated 

Let's see if this idea works out: FARM has reached the bottom of a parallel channel uptrend after breaking out of a falling wedge. The measured 1.5x target for a breakout at the top of this channel lines up exactly with the 1x measured target for its falling wedge breakout, or around 64 dollars. Idea invalidated if we lose channel bottom.