lysergik

lysergik

Similar to the SPX/ ES1 and Disney charts (among others), we seem to be on the verge of the scariest but best time to buy. Whether it's a bull-spring (fakeout) or an extended structure below the critical support of ~$124.7, looking left so-to-speak indicates that decades from now we will see these next few months as one of the best times to invest reasonable...

lysergik

Disney showing order absorption price structure at its major support zone on the 2-Month chart indicates a better than 50% chance of at least a bull-spring formation under the support or a markdown below it. I'm certainly going to be setting limit buy orders around $70 and $50 a share to hold for the next few decades.

lysergik Updated 

LUNC's monetum and price structure indicates a potential bullish wave in a large sideways trend.

lysergik

The current bear market / monthly time-frame pullback should experience a monthly bottom leading to bullish sentiment throughout the market in 4 to 24 months based on previous action on this time frame. We have an unconfirmed trend resistance that would confirm on a third rejection that we can keep a patient eye on as well to look for a potential earlier...

lysergik Updated 

LUNC's massive run-up these past few days has lost momentum as indicated my moving averages, DMI / ADX, and just general TA (the lower-low), as seen on the 30m timeframe. We can expect a high likelihood of a sideways trading range, retrace, or larger trend reversal at this time. A strong bounce from the 61.8% retrace of the move or a bottoming pattern around the...

lysergik Updated 

Until we see a confirmed B point at the 78.6% retrace, this pattern is nothing but purely speculative. The long position shown on the chart is the technical trade, but on a monthly chart I would personally just stick to investing :D

lysergik

Over the next 1-4 months we are likely going to see that we have either already capitulated enough to end the bear market and begin accumulation, or we will see it relatively soon. The VPVR and price history show the areas of major support with the ultimate wick low unlikely to be able to go below 12k at the worst, but more likely 14-16k; if we get that wick at all.

lysergik

The white horizontal rays at the consolidation resistance and the red descending support the consolidation support. When we confirm being in phase D, where we have either created another lower-low for the SoW or a wick out above the consolidation resistance for the SoS, then we can look for the confirmed LPSY or LPS respectively to enter our trades!

lysergik

After a successful but a little bit ugly Gartley fib harmonic that lead to a rejection from 78.6% of XA, we can draw the first half of a butterfly. Bouncing anywhere above 88.6% retrace of points AB suggests a coming rejection from 127.2% to 161.8% retrace of XA. In case of that bounce, then that rejection in that extended fib zone of XA, we could then expect a...

lysergik

On the 10m to 1h timeframe we can clearly see what appears to been an accumulation range having just had our potential spring point. We would want to see us come down to a higher low, above the SC and ST with high volume on the move back up from a bounce there. That would confirm our spring and likely lead to an SoS impulse that would absorb the remaining supply...

lysergik Updated 

Today a ton of fiat has come into the crypto space into non-stablecoins. We haven't seen levels this high on the daily FFI since October 2021 at the re-accumulation bottom. If we tag bullish on the daily FFI when this candle closes in 8h, this is a good signal that we can completely end this daily bear-trend. This would be further confirmed by a weekly close above 41k.

lysergik Updated 

There are a lot of small shorts opening to front run a potential next lower high but our support in this consolidation is parabolic and the 1h bearish divergence is being supported by the bulls to prevent the divergence confirmation of crossing below 60 on RSI 14. We also had that spring with massive volume , and this trend is old; not to mention basically...

lysergik Updated 

We've had a bit of bull-spring / short-squeeze at 34k, and now have some small potential to reverse the daily bear trend by breaking above 41k. This will however require a ton of bullish pressure for an extended period of time for that to happen. As long as we remain in the yellow zone, having higher low but staying below 41k / the blue downtrend resistance...

lysergik Updated 

Using the `Bars Pattern` bar-copying drawing tool, I've copied the capitulation of the may drop through the top of first bullish impulse after the re-accumulation. It is so far following the same proportional timing and volatility for each wave / pivot point in the sequence we saw in the summer of 2021. It could deviate at any time, but it's definitely something...

lysergik

With bitcoin and crypto overall market cap overextended from this nice rally up to weekly resistance / ATH, we are overdue for a flush-out of all the bullish sentiment to fill lower buy orders and increase fomo potential of the eventual breakout from ATH. Could be a big fu candle like september 7th, or a slower move down to trap some bears that way.

lysergik

Not much explanation needed here, we are forming a bearish harmonic countertrend pattern on the daily for BNB/USD. The entry target is ~$600, leaving enough room with your stop-loss for a bear spring at the top, or waiting until the rollover / bear-spring occurs. Bullish until $600 but we will need to reassess as time goes on to check if the pattern continues to...

lysergik

If we form a lower high next, particularly if under that red s/r line, this would indicate the end of the blow-off-top for SHIB.

lysergik Updated 

The S&S is at a t critical point of having broken and rejected once from the previous trend support turning into resistance. A new lower local low would likely lead to a drop to at least the golden pocket if not more.