sky777666

sky777666

The Lower Support of the Long Term Trend Channel is being testing right now. Price has broken down and is hitting this very important area. In the past buyers came in probably institutions who also are watching this long term Trend channel and buy the dip and support the price. This is a KEY level make no mistake of that. If this price does not hold major bearish...

sky777666

The S & P 500 is on track to hit my 5,000 target by year end. I think this will market the top of the equity bubble and SPX has a correction next year in 2022 which the rise of interest rates in the summer of 2022. For now REAL Yields after inflation at Negative -5% so with -5% real bond yields the SPX is bull market all the way into year end. We hit 5,000 in December

sky777666

A coordinated fall or drop in the DXY ( US DOLLAR Index ) would be supportive for Stocks - Crypto and the faltering economic recovering going into the US Christmas holiday. While it could stoke inflation I expect from this chart for this support we are resting on to break and a downside move in the USD index DXY very soon !

sky777666

Ethereum just kicked off a new bullish trend signal. Time to buy buy buy and got long Ethereum !

sky777666

Very clear and strong Bearish Divergence on the DXY USD and I think the USD will crash lower later this year. Price is looking very heavy here.

sky777666

Massive and clear hidden bullish divergence on the SPX. Market to turn up and bull market to continue soon and going higher into year end. This total correction not looking any larger than a -10% correction max before turn bullish again. This new all time high will then probably make a regular bearish divergences in Early 2022 and larger correction could be seen...

sky777666

The Long Term Trend line that defined this bull market starting in 2020 is still in-tacked. It was tested but as you can see from this logarithmic price chart, price has respected this trend line with remarkable accuracy. This is good for the bull market and allows us to keep the price targets for end of year / end of bull market price target range forecast of...

sky777666

Bitcoin is simply testings its breakout ! This down move that has the bears calling for an end of the bull market is a bear trap and a clear test of support from the recent breakout. This is normal and healthy. This test of support will make the foundation for a breakout to new all time highs. You herd it here first !

sky777666

The long term uptrend channel that has defined this Crypto Bill market trend from 2020 has just been tested. Price slammed down right to the 2,800 support which was also the long term uptrend lower channel. Make no mistake friends this was not supposed to happen and this is very negative for Ethereum and crypto in the short term. The odds of hitting 12k or 14k...

sky777666

I am following the price channel that Ethereum has been in from the start of the bull market move in 2020. If we stay in the price channel I am bullish if we break under and out of it I am bearish. If we hit the top of the channel for year end we can go to $20,000 Ethereum like some predict. I will follow this every week and keep you updated.

sky777666

We have (2) price channels. The current blue dotted line is still intact and the larger yellow trend channel is the larger trend which goes back to 2020 at the start of the bull run. Market structure is still in tack. We will be watching this market structure for our year end targets.

sky777666

For you viewing pleasure - Trend Channel with Fib Extension levels for the rest of this entire bull market. Trend Channel for the whole current bull market going to year end. As all traders know trend channels are the most valuable is telling you how things are and when trends are broken and over as well as measuring blow off tops and targets.

sky777666

Friday I called for a correction in Crypto and Bitcoin. Here it is Monday and that call was proven correct. So everyone is asking me what is going to happen next. Well first we are still in the bull market. This will give us fuel to breakout to new all time highs in October. The SEC will still prob approve an ETF which will send the speculation mooning. I expect...

sky777666

Bearhish divergence + weakening Volume prime for a correction. ! Be ready

sky777666

Bitcoin is showing bearish momentum and a Bearish ( W ) top pattern for weak ! If it breaks down under 47k We are probably in for a correction in September.

sky777666

DXY the USD sees bearish divergence on the daily and a large W pattern with all trend indicators showing weakness. If we follow through on this we could break multi year lows for the dollar later this year. For now it looks like the top is in. I will keep you posted.

sky777666

Bitcoin still in Uptrend. Going up to test the overhead resistance at $47,500. 4 hour MACD turning + green showing positive trend flows. Can we break it or not is the question. We should know by next week. Sometime Trend channels need to be adjusted if a breakout lower from the up trend channel does not lead to a massive break down. This is what it seems BTC is...

sky777666

Forcast for Ethereum for next bull and bear market. Made 8/2021