maybethatguy

maybethatguy Updated 

Looking at the 4 hour chart of BTC, it's looking like we have a choppy head and shoulders that finished about a week ago and fell into some consolidation. Normally with a nice breakout, a pullback should be expected. I'm thinking it will land somewhere around the $25,000 range. This would be right with our last zone of resistance and also on the fibs 50% line....

maybethatguy Updated 

Since May 4th we have been trading in an upward channel on the S&P 500. Looking at a breakout in either direction; I think we are looking at a $4,300 long target, and a $4,070 short target depending on how you like to trade. There is a lot of bearish news going on at the moment, so I believe I am leaning to the short side.

maybethatguy Updated 

These are some possible key areas of interest with arrows showing for bullish and bearish scenarios. I refer to an exact dollar amount for key levels, but they should be treated as general areas of support and resistance. Bullish: If we continue upwards and break through some resistance at $27,275, I can see us possibly heading up to the next short-term area of...

maybethatguy Updated 

Greetings traders, I wanted to share a great example of an Elliott Wave pattern that appears to be playing out on the chart, suggesting a potential trading opportunity. Elliott Wave Analysis: The chart reveals a potential 1, 2, 3, 4, 5, A, B, C pattern, which follows the classic Elliott Wave structure. Here's a breakdown of the pattern's key levels: 1....

maybethatguy Updated 

Assuming we continue upwards through the $4,300 zone I have marked two different areas of resistance we could possibly encounter: 1. $4,420 - Price has bounced off of this level as resistance in the past. This zone has also had a lot of price action occur previously. 2. $4,550 - The top of the beginning of the last head and shoulders. This is where price was...

maybethatguy Updated 

The dollar recently fell back below a long-term resistance level around the 105 range.