mwinmill

mwinmill

Stepping back to longer timeframes, it's often easier to see the forest from the trees. It's easier to see patterns. For instance, you can see the rising RSI pattern that follows a long time-frame bull run. When the market starts substantial pullbacks, it breaks that trend to the downside and starts a new trend. That switch results in a recession and a longer...

mwinmill

Think we're out of the woods? Maybe, maybe not. Things have been looking up lately, but the bullish reaction to the last couple years of decline maybe an overreaction. We may have reason to be optimistic, but we may not be out of the woods yet.

mwinmill

We are deep in the bear market and there seems to be little signs of life. Cardano looks to be ready to either fall off a cliff or break out of the current price trend. Which do you think it is, Red or green?

mwinmill

The price of bitcoin has been ranging over the last few days. It's currently in a tight range, waiting to make the next move. If the past is of any indication, a short term pullback and followed by a new local higher high makes some sense.

mwinmill

Bitcoin again surprising everyone and breaking upward. Indicators are looking good. It looks like the ichimoku cloud opens up around 35K, which neatly meets the previous low before the capitulation. This looks like a good place to set targets and expect either a pullback or a rest before moving higher. How long this will last isn't clear, but if this is similar to...

mwinmill

Bitcoin has shown some strength in the past month. It's coming up on some decision-making to do, though. Based on the current market structure, this could be consolidation before another leg up, or it could be rinse and repeat from the previous leg down we saw in June last year. The two ascending channels look very similar. If the price breaks down below the...

mwinmill

Lots of people are expecting a dramatic crypto recovery soon, but crypto has shown so much overall weakness over the past year, with little signs of strength. Ethereum seems to be playing out a fractal of the previous trend. Assuming this plays out, Ethereum is close to final capitulation. How low it will go and how long the recovery will be - no one knows.

mwinmill

The economic and financial situation is quite different from 2008, but it does seem to be following the same pattern so far. The timescale is a bit different, but until I see a deviation, this is the plan I'm seeing.

mwinmill

It's clear we're at an inflection point in global markets. There are so many troubling signs that we're in deep trouble on multiple fronts. Wars, energy prices, supply line issues, disease, political unrest, overspending by governments, you name it - All of this contributing to shaky ground for investing in anything non-tangible. Underneath it all is the value of...

mwinmill

Interesting market structure lately. It looks quite similar to a previous bear market. This may be just the beginning of more pain over the coming year.

mwinmill

The weekly trading session is about to close and the Dow is printing a nasty red candle to end the week, putting deep into bear territory - below daily and weekly support. This is looking more and more like the bottom is not in and we are in for new lows.

mwinmill

It seems the dollar is starting to weaken. The dollar as been on a tear for months and seems to be flirting with a breakdown out of its parabolic move upward. This is a very bullish sign for stocks, crypto and other asset classes if confirmed on higher timeframes.

mwinmill

Bitcoin just confirmed the 200 Weekly MA as resistance. This doesn’t confirm that Bitcoin is going lower but it is a strong indicator. Combine this with the Bitcoin dominance chart on the longer timeframes, it’s looking more and more likely that the pain isn’t over. In the short timeframes it’s easy to be convinced that Bitcoin dominance is still range bound and...

mwinmill

Most of the time, the best way to understand the current trend is to look at the full picture. If you look at bitcoins past, you will see that in each cycle before a bull run, it creates a support and then launches off of that support to a new high. Afterward, it falls and not back to the trend line. It capitulates, falls through the old trend line and then starts...

mwinmill

With Bitcoin dominence getting rejected from higher prices, it's possible we could see altcoins pop off for a mini altseason (assuming the entire crypto market, stocks and everything else under the sun don't fall down through the 7 levels of hell, which could happen if the DXY keeps making new highs and we don't get inflation under control). Orion seems to be...

mwinmill

Looks ugly but based on the economic headwind we look to be setting up for the next few years, this looks more and more likely.

mwinmill

You've heard it time and time again in trading, "The past doesn't repeat, but it does rhyme". How, you might ask? The current trading pattern looks remarkably like January 2015. Many people have been saying that this time seems different. The dumping has been sustained with very little in the way of relief. If you overlay the trading pattern of January 2015 to...

mwinmill

Here's an interesting setup for Stellar if it plays out. I don't expect this to work out given the headwinds all markets are seeing right now, but if stellar holds this line as support, it would potentially mean a big swing to the upside (7X back to the top). Invalidated if it breaks below.