The 38k approximate target was first suggested based on the BARR pattern posted on April 16 2024. Furthermore a nice inverted dragon pattern has shaped and printed suggesting a target zone within the pink circle and the 2 dashed horizontal red lines. Today's plunge in price nearly clipped the top horizontal dashed red line. Stay tuned. This is becoming quite...
Exactly as the headline indicates, PEPE appears to be breaking out of a Bull Flag pattern. In my humble opinion..........
Following my prior idea on a Potential Massive Bitcoin Expanded Flat Correction Around $4k: I thought this idea to be interesting enough to share with the general public. It's referred to as the Bump-and-Run Reversal Top. The pattern was discovered by Thomas Bulkowski in 1996. What is even more fascinating is the fact that aside from the author's pattern...
It is in my humble opinion that the Nasdaq appears to have completed its cycle that began at the low in 2002. The projected potential target would be approximately within the zone of the prior wave 4/red dotted line within the symmetrical triangle. At this current time of posting there appears to be an inverse exotic dragon pattern as well. The Head and...
I took the liberty to draw up something that may appear as a "bullish" pattern to most. However, it may be an illusion. Perhaps it appears to look like something that isn't quite right. According to Edwards & Magee 9th Edition chapter 8 page 99, triangles can behave "properly" 66% of the time and they don't 1/3 of the time. Therefore I need to keep that in...
I decided to mark up this chart for entertainment purposes as I do with all other of my ideas. Since I firmly believe that the markets are due for a major correction, Bond prices(less risky assets) should rise. In my humble opinion..............
I took the liberty of charting this one since it's related to Bitcoin & listed on the Nasdaq Exchange. Not much to point out aside from the potential major corrective(proregressive) pattern it appears to be in. Looks like it's time to be vigilant, in my humble opinion....... All The Best!
I took the liberty to chart the path of the S&P 500 since the debut that this site would allow, starting from since 1871.Potential target would be in the proximity of the pink circle/prior wave 4. It appears that if correct then the top is very very near, in my humble opinion........ All The Best!
I took the liberty to chart the path of the DJIA since the debut that this site would allow, starting from since 1896.Potential target would be in the proximity of the pink circle/prior wave 4. However, wave 4 at a smaller/red horizontal dashed line. The potential top appears to be in, in my humble opinion........ All The Best!
On March 27 I went on a kindred spirit's idea titled: 12 Things That Suggest BTC is a Speculative Bubble I posted this comment: "I don't want to impose. Therefore I'll ask the author for a posted chart since the the March 14 high on BTCUSD Shorts. Thanks On the current hourly chart it looks like a cradle. Someone is rock'n the cradle! YEAH! Notice how low the...
Something has to give. Either Bitcoin breaks out of that potential symmetrical triangle and creates a negative divergence on a higher high, or that pattern will fail and bitcoin is going to take a wild dive sooner rather than later. In my humble opinion.............
This sort of pattern would certainly shock the herd. A potential Wave B suckers Rally galore .Then SNAP into a horrific wave C thrust bringing price right into the proximity of the prior wave 4 symmetrical triangle. There's also what appears to be a potential H&S top right shoulder forming in Wave B as well. Everyone and their Grandma appears to be anticipating...
This is What I drew. It fits specific ratios. However, wave D appears to have overshot within the POTENTIAL bullish symmetrical pattern. Could it fail? I would hope so, lol However, they can do whatever they want. That being said, I'll just watch In my humble opinion.........
And there we go. Looks better on this time frame. Those big orange lines are part of the rising wedge. In my humble opinion..........
If this pattern works out then the target is at the same spot as the prior slanted H&S top target is. Yes it appears to have been wicked on the second top. You'll see the wick better on an hourly chart. In my humble opinion..........
This is another idea within a smaller time frame. I removed my labels to keep it simple and give it a classic look. I put a line chart in an attempt to make it appear clearer. We shall see if they'll blow through it or follow through. I don't care if they blow through it. In my humble opinion.
They blew through and it became an Inverse H&S and it brokeout.
This pattern looks clearer on the 5 minute chart. At the time of this writing price decreased even more. Notice where it found support! In my humble opinion...........