December 2022 saw Domino's reaching a high of $567.57 before reaching a base of $285.84, a drop of 50% from the highs. Since then, DPZ has rallied with the rest of the market, up 22% YTD aat press time, seeing a level of sell pressure as it dances around the $500 mark. Looking at the daily timeframe below... ...you can see a topping out structure as the C...
Last week brought huge earnings reports for some of the big US tech companies, with mixed reactions. We saw META lose 7% during the previous week after a great earnings report, and Alphabet (GOOG) soaring 10% on Friday. Next week, we will see earnings from Amazon (Tuesday) and Apple on Thursday as well as other large cap earnings reports. Will the market be...
After successfully surpassing the previous swing high with considerable volume, attaining a fresh 52-week peak of $2.85, and witnessing the 50-day moving averages intersecting the 150 and 200 SMAs, ATAI appears poised for a reversal from its downtrend. **Potential Scenarios:** **Scenario 1: Triangular Consolidation (Orange)** ATAI may undergo consolidation...
Compass Pathways appears to have completed an impulsive 5-wave move to the upside, signaling significant strength in its recent price action. The peak of this move, reaching $12.75, is notably identified as the B wave within an extended flat correction, potentially forming part of a larger 5-wave pattern. In anticipation of a corrective phase, I anticipate a...
Bitcoin's recent performance has been nothing short of impressive, with the cryptocurrency reaching a new All-Time High (ATH) of $73,777 over the past week. However, as it encounters a significant zone of supply between $66,401 and $69,000, the current price action suggests a formidable challenge ahead. Despite multiple attempts, Bitcoin has struggled to breach...
After closely monitoring psychedelic stocks for approximately six months, my attention has been drawn to ATAI. Despite enduring a challenging period over the past couple of years, the stock appears to be signaling a potential turnaround. Volume Analysis A notable observation is the diminishing volume during each downturn, coupled with a substantial surge in...
The price of Bitcoin has been rising since the SBF spectacle and many people are getting very confident with the price reaching levels not seen in nearly 2 years, now trading at approximately 46.5k at press time. Despite the rise in price of nearly 200%, I believe bitcoin is in a markdown phase, and this is what is known as a throwback, where the price is thrown...
Outlook: Bitcoin holding support at previous resistance Currently looking for a wave b.b in the upward direction Potential trades: LONG: ~$25,800 to ~$28,400 SHORT~$28,400 to ~$20,500
In this video analysis, we dive deep into the current state of Bitcoin's price action. We'll explore the critical M formation that emerged in June 2021 and how Bitcoin is currently resisting its lower boundary. We'll also discuss the ongoing corrective b-wave within the larger wave C, examining potential upside targets. Join us as we analyze key support and...
Hi guys. A lot happened yesterday in Bitcoin and there was very key price action adding validation to my thesis of a 30k bitcoin. In this video, I was shown the only reasonably bullish chart for Bitcoin you will see all day
Hi guys, So bullish news on Bitcoin, which means we should all buy now, right? Bitcoin is pumping and now we're getting on our rocket ships to mars. Not so fast. Rishi Sunak has become the Prime Minister of the UK, and it is said that he is a fan of Bitcoin and used to be an institutional trader, which is very good news in regards to the British economy and...
This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business. Let me know what you think, Cheers for watching
$ETH Elliott Wave Analysis 17/10/22 Why can't you be both a bull and a bear. Don't trade on emotion; zoom out on the long term
Important price action and market structure formed today, bullish NY reaction to markets DUMPING My outlook for the end of the week....
Stop using the words bullish and bearish in trading, these are emotion-based terms, add these terms to your vocabulary instead: 1. Accumulation 2. Distribution 3. Mark-up 4. Mark-down
Hi guys, At a time when everyone has been so bearish and looking for lower targets on Bitcoin, you know that this is the time to start getting bullish, even just for a short time. First, I'll guide you through market structure of this current bear market, then, in my next analysis, I'll look at recent price action to see if it is giving the game away as to where...
Here is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use...
Bitcoin seems to have just completed a bullish impulsive first wave in the form of a leading diagonal. This is characterised by a regular 3rd wave and an extended 5th wave, and 3 sub-waves of the main impulse waves following an a-b-c pattern. This is usually followed by a choppy second wave following a 5-3-5-3-5 correction with a target of the .618 fib retracement