Traders, from a technical perspective, I really don't expect Bitcoin to beat 90k immediately. Eventually, yes. But right now there are two big technical reasons why Bitcoin is having a hard time managing to beat 90k. They are the same technical reason for why I called the year end price target of 88k-92k. First, see that horizontal ascending pink trendline? I...
Good morning. I have talked about my inverse H&S from our daily chart quite often in past videos and post. Therefore, it is important that I also call your attention to the fact that, as of today, this inverse H&S target has been hit. Congrats to all of you who chose to hold from the break of our neckline. That would not have been an easy task. Now, with our...
Traders, though we've still got a ways to go to our final target of 670-700 on the SPY, it is worth celebrating our direct hit of 600 today. I remember a year ago drawing out 563 as a first target for our blow-off top and I was laughed at. Bears were in their mood and hungry. They wanted more blood. But a combo of our Elliot Wave and a daily inverse head and...
TV Followers, TV has taken down and removed quite a few of my posts/videos due to my QR tag being embedded in them. I was then subsequently suspended for a few days. So, I wanted to come back and just update you on a few of those posts that were removed. GME was one of them. GME reached the W-pattern target and has entered a large liquidity block. I have decided...
Some of you may not appreciate this chart, but we have to trade on facts not wishes. Right now (and it pains me to say this as a technical analyst), you can throw all your technicals out the window. The market is trading U.S. election results. That's it. Trump looks to be winning the popular vote by a large margin. Once the results are official and Trump is...
There are very few coins rn now that are flashing buy signals at me, but GUAC is one of them. Also, it flashed the buy signal twice. The last time GUAC flashed my buy signal at me multiple times (4 to be exact), it rocketed up over 200%. Whether or not you would have DCA'ed in, you have been in the profit at the point at which my indicator then gave a sell signal....
Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel. All along the big resistance target I have discussed has been 68k. I still...
Here we are again traders. Tagged the top of our channel to the dollar. What precision! Big resistance pressure up here. I am not sure the bulls have the strength to finally break us out and above. Therefore, be ready to start taking profit (if you haven't already). It is quite possible that we come back down to the bottom of our channel or even lower, especially...
Traders, Though the indicator is weak having not received full confirmation at the time of this post, I have chosen to go long AVAX once again. AVAX is one of my favorite alts and from the chart we can see that we have several good support underneath us. First, there is that ascending trendline. Secondly, we have that VRVP PoC. And the third indicator is not...
Traders, You guys know my target during this uptrend has been 68k BTC which is the top of our channel and that large order block with mostly sell orders. This last sudden dip cleaned out quite a few longs. Now, it is time to go after those shorts. You will start to see a lot of shorts liquidated around 68k (the top of our channel). This will only add fuel to the...
There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see...
Here's what that means. A long-term view. Traders, The pressure is on for these altcoin bulls to run through the end of the year. However, we are flirting with disaster this time around. Here's why? From the beginning, the 350 DMA (or 50-week MA) has always told traders whether we were in a bull market or a bear market. Though periodically, the price did stick...
Traders, In this video: 00:00 - Housekeeping. Thank you all for the polling responses. Greatly appreciated and helps determine site direction tremendously. Quite a few site changes have already been implemented. I will discuss these as well as added new features, services, and what my new indicator system is showing us. 00:08 - The weekly technical analysis...
Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I...
On Friday, my indicator combo gave us a big old SELL, meaning dominance by Bitcoin is about to dump. This does not mean the price of BTC will drop. In fact, it could continue to rise. What it signals is that the altcoin market is about to 🚀🚀🚀! Therefore, if Bitcoin rises, Altcoins will rise even faster. Get ready! The rocket ship is about to launch for alts....
A long signal was given by my indicator combination on Sept. 11th. Additionally, you can see the potential inverse h&s pattern supporting the signal. The pink ascending tl is also still holding for support. Target would be around $220 or once my signal flashes red whichever comes first.
Traders, This is insane! My jaw literally dropped when I back-tested my new signal strategy. While I was playing around on the charts, as I do, with a couple of different indicators, by sheer chance I discovered a combination of indicators that I had never seen or heard any trader ever discuss. I had seen them discussed individually. But no one that I know has...
Let's look at the 50-week moving average (350 days) and talk about what it tells us regarding bear and bull market cycles. Here's why we need to watch it closely right now.
