pnaik732

pnaik732

Gold breaking out of a long triangle in Gold/Silver ratio.... if this breaks out Gold is going to run but nothing has confirmed yet. Watch this chart! If it makes a topping tail instead, expect Silver and perhaps all risk assets to run. Can't decide... could always buy both.... not financial advice

pnaik732

I guess it could go to zero, but perhaps it will stop going down once the VVIX/VIX hits the trendline. The long term trendline is shown along with the 4h trendline Worth keeping an eye on this chart as long-term as over the last few years it called some tops and bottoms not financial advice

pnaik732

If BTCUSD is in an upchannel, then it is going to hit resistance right here Then there's a monthly resistance line coming in at 41250 just above... if somehow this gets cut through there's a lot of room to run But until then, what a nice run. Lightening up a bit on profitable positions is generally prudent around resistance... just in case... not financial advice

pnaik732

GOLD/SILVER ratio forming a nice triangle breakdown could happen here, but I suspect it will coil up a bit more before the eventual break so something to keep an eye on and in the meantime could accumulate gold or silver at each hit of the line in the meantime before a potential major move that could happen anytime between now and March 2024 not financial advice

pnaik732

BTCUSD just tested the Monthly resistance trendline and pulled back A monthly close above the line and potentially off to the races In the meantime there is still a chance BTCUSD remains in this channel One strategy could be to lighten up BTCUSD positions here on up... if BTCUSD manages to close December above the trend line, great, but otherwise might have a...

pnaik732

Sell resistances, buy at support. The price seems to clearly stop and start on these lines. At some point it is breaking up or down but your guess is as good as mine there. Hard to sell though when price rebounds so strongly every time it hits the lower line near 37k... Not financial advice

pnaik732

The ideal situation here is that BTCUSD stays in the triangle between the dashed and solid lines, and consolidate a bit for a run at the big diagonal trend line above. After that who knows, but there is some strong risk asset momentum at the moment. Still might not hurt to take a little fraction off the table at the big resistance near 38.5k not financial advice

pnaik732

see dotted red line There is a strong local uptrend that could take SPX up to 4600. There's no sign yet that this is over, but breaking the uptrend would at least mean we have entered a period of consolidation. the short-term risk is still to the upside here. At 4600 though there will be fierce resistance not financial advice

pnaik732 Updated 

Two wedges have formed on the S&P 500 The bearish wedge already broke down, so it's completed but is shown since it was the scene of the crime The bullish wedge is still intact, but has not confirmed a breakout yet One of the more interesting bull-bear battles going on right now Shorts at the bottom of the bullish wedge did get burned. If it was a bad decision...

pnaik732

Last target of 36400 has been met on today's move. The current move should meet resistance at 37850, if the current candle does not dip back underneath the top of the up channel. I don't see a breakout from this level without a clear catalyst, but the top of the up channel could now provide support for a new narrow range. Not financial advice.

pnaik732

Bottom of the channel was retested but the triangle breakout happened in the other direction. So a nice chance for ~36.4k BTCUSD out of this triangle breakout pattern. Then who knows. The bigger channel is quite strong, but support has been very strong. Next big move probably has to do with either an ETF, or the bulls being exhausted. Not Financial Advice.

pnaik732

Big resistance levels in this area. Bulls really need to break the top of the descending wedge to be rolling. Bears happy the bottom of the former ascending wedge is still holding. There should be some consolidation here, if not an outright rejection. We are above the long-term trend line, but this is a much longer trend line so really needs longer timeframes to...

pnaik732

BTCUSD is finding support in this small broadening wedge created by two sets of past pivots. Not sure yet if it will break down here or go to test the top of the wedge, but at the moment the latter seems possible with the current BTCUSD move over the last 8 hours or so

pnaik732

Buy support and sell resistance on this beautiful monthly up channel on BTCUSD. Staying above the severe 28k level but below the long term trend line, in a nice steady up channel. not financial advice

pnaik732

Nice day for AMD, bodes well for long-term holders... unfortunately the downtrend line won't make it easy for more gains. Look for a pullback or a rejection.

pnaik732 Updated 

a long-term bearish wedge and a short-term bullish wedge combine note that today there was a re-test of the bearish wedge and also of the long-term trend line staying above here keeps the bullish wedge in play, for a run at the gap and the top of the wedge getting below for too long = trouble I lean bullish, failing to fill this gap would just be a sad story

pnaik732

look at that perfect close on the H&S line.... what happens next no one knows however, this is technically a topping tail, close was below (close-open)/2 so short term have to expect a pull back that said maybe SPY chart looks different in terms of topping tail formation; haven't checked

pnaik732

Still a monthly bull flag on BTCUSD unless 27200 is taken out. Expect strong support there... a breakdown would means a test of the breakup candle low, at minimum, and puts the uptrend in jeopardy.