without_worries

without_worries Updated 

Sharing an observation brought to my attention from a follower, a life cross or golden cross print has confirmed on the daily chart of Bitcoin price action. First a definition, a life cross is: 1) The 50 day SMA (blue line) crosses up the 200 day SMA (red line). AND 2) Price action is above the 200 day SMA. Currently both conditions are true. The last print,...

without_worries Updated 

On the above weekly chart price action has seen a strong 200% upward move since 2022. No doubt a move in part caused by the AI mania. Is now a good time to buy? Seeking alpha says “Buy the dip” “ASML has returned to growth after revenue declines, with flat revenue expected for 2024 and growth anticipated in 2025, driven by new EUV tools.” “Despite a 53% QoQ...

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Price action on Gold since August as shown on the above 7hr chart. A Euphoric rally in the last 3 months has Gold bugs jubilant in celebration with a record 48% win from September 2011 (Ignore the 480% return of the S&P 500 in the same period). There are now messages aplenty calling for $5k and beyond. Who knows. One thing I do know, a common theme throughout...

without_worries Updated 

On the above 2 week chart price action has corrected around 50% since May. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support confirms past resistance (blue arrows). 3) The trend, higher highs higher lows. 4) The Bull Flag, 2nd impulsive wave imminent. Is it possible price action...

without_worries Updated 

The charts are suggesting caution. On the above 10-day chart: 1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is. Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation. There were some...

without_worries Updated 

On the above chart price action has corrected over 70%. A long trade now presents itself, but that’s all. This is not a long term forecast by any means. 1) Price action breakout. (RSI remains in resistance). 2) Price action confirms support on past resistance. 3) The falling wedge top and lower touch points allow a near term forecast for price action, $14 area...

without_worries Updated 

On the above 3-day chart price action has corrected 98% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. (Orange circles). Look left. Price action confirms support on past resistance, which is...

without_worries Updated 

On November 27th, 2023 the “Collapse to $30” idea was published (below). The idea was met with some rebuttal, shall we say. The evidence for a collapse in Litecoin price action has only grown in the past few months. A new candle prints on the above 2-month chart in 14 days. If it prints as is, it will be a Gravestone DOJI. Such candlesticks on this timeframe...

without_worries Updated 

On the above weekly chart price action has corrected over 90% since early 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Look left. Price action has now confirmed support on past resistance. 3) A weekly life cross prints. 4) Lastly, price action has exited a bull flag. The...

without_worries

On the above chart price action has been trading sideways since June. Recent developments suggest a bearish outlook. They include: 1) Price action and RSI support breakdowns. 2) Trend reversal confirmation with double top print. 3) Rising wedge confirmation with 50% correction forecast to $4 area. Is it possible this is all gibberish and fundamentals don’t...

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For exactly seven years XRP price action has been trading inside a defined range as shown by the green arrows. A long or short position from those areas would have been excellent. For the last two years price action has traded inside an uptrend channel. The channel support has now failed with confirmation. Red arrow. The failed support follows the double top in...

without_worries Updated 

On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance. Look left. 3) Trend reversal. Price action replaces lower highs lower lows with higher highs and higher lows. 4) The forecast is...

without_worries Updated 

On the above 5-day chart price action has corrected over 90% since April 2021. Now is a good opportunity to go long. Why? 1) Price action and RSI resistance breakouts. 2) Price action finds support on past resistance. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period as was the previous. 4)...

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But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...

without_worries Updated 

On the above 8-day chart price action has corrected over 90% since the month of May 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action prints support on past resistance. Look left. 3) The macro bull-flag breakout plus confirmation of support. 4) A number of tradingview.com ideas are ‘short’....

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On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Past resistance confirms support. (yellow arrows). 3) Regular bullish divergence. Multiple oscillators print positive divergence with price...

without_worries Updated 

On the above weekly chart price action has corrected 98% in a downtrending channel since February 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action exits a near 2 year consolidation. 3) Price action confirms a trend reversal with the first higher low higher high since 2020. 4) The downward...

without_worries Updated 

** short term study ** ** This is not an investment opportunity, a trade only ** Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled. On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout. The Gap is actually the break of market...