ehjreynolds

ehjreynolds

On both the daily and weekly time frame, this inverted H&S is visible. A successful breakout would target the 100/1 ratio (100 ounces of silver = 1 ounce of gold). This would be very bearish for precious metals.

ehjreynolds

This *potential* head and shoulders on #NASDAQ would mean an additional 5% sell-off. #BTC and #Crypto would sell-off even more.

ehjreynolds

#VEchain looks like it wants to test the higher-low trendline. A glance at the RSI also shows a higher-low trendline. The PA is also creating a very large bullish ascending triangle. With BTC potentially still looking for a bottom in it<s daily cycle, the move down to roughly $0.11 makes sense. #Crypto #BTC #VEchain

ehjreynolds

Making a new ATH at 67k, BTC retracedback to a previous resistance zone at around 58-59kk. It appears to have now flipped that resistance zone to support. Yesterday's large rapid sell-off down to around 60300 was instantly bought back up, which gives credence to the idea that there are a lot of buyings sitting just below where we now stand. This arc on the 4 hour...

ehjreynolds

Arc with multiple touchpoints, upper trandline with 3 touches, Fib scale showing high probability of momentum and the CEO talking about their recent uranium drilling campaign. I am #bullish on #uranium and Baseload Energy.

ehjreynolds

#Bitcoin on the #Bitcoindominance chart, we can see the formation of a bullish ascending triangle, with an apex coming up over the next few days. When #BTC dominance rises, it usually happens as the crypto market is dropping. Bitcoin being the safest of the crypto's, it loses the less vs. altcoins. I would say that I expect Bitcoin dominance to be breaking up...

ehjreynolds

Seeing a bullish wedge on gold that started forming late August / early September. Looking for 1 more touch on the lower end next week (likely around $1715) which will coincide with a Daily Cycle low. The same pattern is also forming on the $HUI. This would also coincide with the DXY hitting the top end of a bearish expanding wedge. Breakout and upwards to...

ehjreynolds

On the 4 hourly chart, BTC is in a horizontal triangle (continuation pattern, likely to break down) and on the hourly it is in a bullish expanding wedge. A breakout from the wedge targets the top of the horizontal triangle at around 44.2k (a 5-6% long opportunity). We will know by tonight if it's going to break up to re-test the up edge of the triangle, or if it's...

ehjreynolds

In this hourly chart, BTC has started falling out of a rising wedge but is simultaneously (potentially) forming a descending broadening wedge - a bullish reversal pattern. If BTC does come down to the 38k-39k mark, that would give it 3 touches on the bottom and a bounce would give it 3 touches on the top. My suspicion is that we would then be done with the...

ehjreynolds

Looking at BTC.D on the hourly chart reveals a rising bearish wedge that started forming about a week ago. It broke down out of the wedge this morning and is forming some sort of pennant just below. I've seen a lot of TA pointing to A sharp and quick decline to 39k for BTC and I think that idea has merit. I see such a move potentially causing a back-test of the...

ehjreynolds

The flash crash gave us an opportunity to get a touch point on the right hemisphere of this arc-shape. Need to see what happens over the next week. This arc could extend a bit further to the right and still be valid.

ehjreynolds

On the back on the decreasing DXY, gold is showing a lot of strength, with the 20 and 50 EMA in the process of creating a bullish cross. A buy and go to the beach signal? @Coinskid

ehjreynolds

Looking on the daily time frame, we can see that from fall of 2020, the DXY carved out a solid trend line that the price bumped up against several times before breaking through earlier this summer. However, the breakthrough created a rising wedge pattern which showed signs of breakdown friday of last week. Price action has since fallen through the rising wedge,...

ehjreynolds

In this chart we can see XRP's price action going back to the spring. It has formed a beautiful arc and we just got another hit on the right hand side. It also looks like a cup + handle, with the recent movement representing the handle. @tomskiweb @northstarcharts

ehjreynolds

The chart shows the movement of the DXY over the last 12 months. Since June, the DXY has been forming a bearish rising wedge. In view of Powell's declaration that there will not be any changes to interest rate policy during 2022, the chart has moved rapidly towards the bottom of the channel. It has not yet broken down, but it appears imminent. Month end will be...

ehjreynolds

DXY has been hitting overhead resistance for the last 10 months in a down trend. Dollar bulls will want to see a breakthrough here or coming up soon. PM bulls are hoping this was another failed attempt to get above the trend.

ehjreynolds

The US 10 year treasury had a significant bounce from early January until April and has been correcting since. This correction appears to be following a inverted arc, which would be bearish for treasuries. A bearish cross can also be observed on the daily chart (20 / 50 EMA). This would suggest strength for precious metals.

ehjreynolds Updated 

Based on this inverted arc pattern - which has multiple touches to confirm - we will see a triple bottom in XRP coming up in 3-4 days. Price target would be $0.92-0.96