dudebruhwhoa

dudebruhwhoa

Total2 looks like an expanded flat completing its reversal at the end of a C wave. It has twice bottomed just shy of the 1.618 for its trend-based fib, and may or may not reach a 3rd bottom near this area before exiting above its neckline. If it doesn't reach bottom again, it's possible it could perform a move similar to what INDEX:BTCUSD did here: However,...

dudebruhwhoa

Tron flipped old weekly resistance to support and then broke up and out of a wedge. It is now re-testing the wedge. - Successful re-test / remain above the wedge, and it will revisit just above its ATH candle close, but below its ATH wick, near the top of resistance around ~24.4 cents. - Failed re-test may lead to wedge loss and loss of support, with a move...

dudebruhwhoa

If you've seen my other posts about this - Bitcoin has clear negative correlation with DXY. You could pull up the Correlation Coefficient indicator and make an argument that it correlates positively just as often as it does negatively, but when you compare the charts with each other, nearly every peak corresponds with a valley vs. the other and vice versa. ...

dudebruhwhoa Updated 

Targets from the initial move down line up with targets from the next move down and support levels.

dudebruhwhoa

Ford recently exited a triangle at the top, and its 2x measured target lines up exactly with its previously weekly high. It could move slightly lower than that high instead, stopping at the bottom of the blue box at its 1.5x measured target. Long until it reaches its 1.5 or 2x measured move, then short.

dudebruhwhoa Updated 

SPX broke out of a falling wedge on the weekly, and is headed for the same ATH. It could reach a new ATH at its 1.5x measured target (not pictured above), but I would expect the double-top to play out should DXY move up above 105 and head towards 118-122. Long until we hit the double-top, then short. More related ideas and previous posts linked below.

dudebruhwhoa Updated 

RSI trending up during the entire falling wedge, it bottomed as the wedge started, and then moved above 30 at its bottom. Wedge broke out, price fell back to weekly support near the same bottom. So, we have bullish divergence b/w RSI and price, a bullish falling wedge that broke out but hasn't risen yet. Price fell back to weekly support a second time,...

dudebruhwhoa

HBAR made two major wedge patterns that hit pattern targets with incredible accuracy. First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x. Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited. Let's see if it makes a 3rd...

dudebruhwhoa

Scenario A: - Confirmed Head/Shoulders top, successful re-test and then down to 5.5% - Likely headed much lower after losing the lower trendline of a long-term rising wedge, which has also been successfully re-tested and has continued down - Possible because of two confirmed patterns and re-tests. Scenario B: - Unconfirmed Falling Wedge, which if it breaks...

dudebruhwhoa

UUP has already broken above the W and/or Adam and Eve pattern here, and may indicate that DXY is about to do the same in preparation for a move back to 112 and then to 118+: UDN could also become bullish however, indicating the opposite, so keep an eye on both:

dudebruhwhoa

Suku appears to be at or near the end of a falling wedge it has been forming since inception. A bullish break of the wedge has a 1.5x target that is identical to Suku's listing day high.

dudebruhwhoa

Some analysts are calling for a wave 5 bull run to a new all-time high to 100k or more, any day now. When putting this idea up next to the next scheduled halving on approx. April 15th of 2024, does it seem like it makes sense given Bitcoin's historical behavior around halvings? It could make sense if it broke above this rising wedge and continued higher beyond...

dudebruhwhoa

Gold may move back up, not quite to its previous high as it may form either an inverted HS or a double-bottom reversal on the 4 hour chart. Confirmation above the upper neckline. Failure below the lower neckline. Long-term be wary of DXY causing it to drop hard from its highs: The above may occur should DXY continue up after losing steam on lower...

dudebruhwhoa

Bitcoin dominance shows similarities to Wyckoff accumulation here, getting ready to enter into Phase E after SOS in Phase D. This chart inspired by a comment from @averkie_skila on my previous Bitcoin Dominance chart here:

dudebruhwhoa Updated 

Previous tops for Bitcoin Dominance in this range have behaved similarly, as has RSI. Each time we topped out, RSI moved higher and higher and then dropped hard. This time RSI has formed a falling wedge, and it looks indecisive. It could be seen as a bearish divergence, as RSI moves down while price moves up or sideways. However, as RSI has already fallen...

dudebruhwhoa

The triangle breakout's 1.5x target is in alignment with Ethereum's ATH, and if it gets there relatively soon or even takes longer and makes a slightly higher new ATH, it would also act as a re-test of the neckline of its Head & Shoulders top formed over Spring of 2021 -> Spring of 2022.

dudebruhwhoa Updated 

What if we're just repeating a fractal of Bitcoin's summer 2021-22 market behavior? This would make a lot of sense if negative correlation with DXY continues and the dollar index moves back up to its recent highs or higher: Would also expect this to occur if Gold moves down from here: If it did do this, it would also continue remaining within this...

dudebruhwhoa

NYSE:HESM Hess Midstream LP may be forming a rounded top targeting ~$11, near where it pivoted bullish around April of 2020 after correcting from its March 2020 lows. Confluence - OBV has been dropping into the rounded top, and recently dropped sharply while bearish volume has risen as it starts to round off. Hess has been known for dividend payouts north of...