xtremerider8

xtremerider8

The big breakup candle low of last Dec was retested several times to see if there are buyers who were not able to hop on the train. So far 0.25 has proven to be a demand zone. Looks like the black uptrend line is still valid although a fake-out down to 0.20 support may still happen & will be bought up very quickly. Next resistances are 0.30, 0.40 & 0.49. After a...

xtremerider8

ATOM was rejected at 45 for the 6th time. Take some pofits if you bought at low of channel so you can still buy at breakout of 45. Be careful. watch Atom if it can still hold 40 & 37. If not, it may be doing a Gartley pattern down to 30, the low of the big trading channel of 30 to 45.

xtremerider8

This is a good sugn & we pray that it will hold. pls do own analysis & monitoring before trade.

xtremerider8

1) XLE just break above the neckline of precious big Head & Shoulder correction. 2) XLE just breakout of a falling wedge. 3) XLE just breakout of a rising wedge. 4) XLE have to be bullish in 2022 econimic recovery. Wave 3 continues in 2022. What do you think?

xtremerider8

ACWX recently bounced with 2 engulfing candles with volume. It then reclaims the weekly green ema50. It seems to be completing a bullish flag. The violet ema100(also coincides with the median line of pitchfork), should provide a good support where institutions will buy. I would be less bullish for the ACWI global etf with US, which will depend a lot on the...

xtremerider8 Updated 

BTC was rejected down by the pink ma20 3x last few weeks. This week it was rejected by the green ma50 & was sent down below the 40k strong support intra=week. Stochastic RSI turning down again. a small oversold bounce is expected soon. Bears may be trying to sell it down to the 35-36k zone near ma100 where buyers will buy it up again to 40k or to the 29-31k zone...

xtremerider8

BRK.B now making wave 5 of a bigger wave 3 & may go higher especially so if the market rotates into value stocks considering that yields have been putting pressure on growth & tech stocks lately. BRK>B may soon come back down to retest brakeout zone or the megaphone before going higher. pls make own analysis & comment.

xtremerider8

This Baidu chart suggests that the CCP regulatory risks may be ending soon. Baidu have completed an ABC wave 4 with a DIAMOND reversal pattern. Wave 5 on going & the smaller wave 2 may be bottomming at this very ideal place. Pls see chart for my reasons why. Pls do make & share your own analysis.

xtremerider8

AliBaba's ABC correction may be ending soon & the wave 1 rally will be fast because BABA still has very good fundamentals & the stock is way way undervalued FOR NOW. Charlie Munger has just averaged down on his previous purchase. Two potential entry points: 1) price breaks above & holds the ma20 weekly which has been rejecting the price down since it was first...

xtremerider8

1) ma200 bounce 2) pivot support 85 bounce 3) breakout descending triangle 4) break down 85 & ma200 support Take your pick. which will be most probable? AVAX seems to be forming a descending triangle. Pivot support at 85 (also near projected ma200) Measured triangle breakout targets 165(almost 2x) Pls correct me if my analysis is wrong. pls do own analysis befrore trade.

xtremerider8

We now have Faang crypto version.....the FOAN (Ftm One Atom Near). Two previous buy signals generated by Stoch Rsi cross, CCi & ema5...waiting for 3rd. Now seems to be making a flag pole with a measured Target. Not financial advice.

xtremerider8

Gold has been going back & forth around the impt 1800 pivot...ranging for quite a while. Gold & bonds (Flight to safety assets) perform well when dollar & yields go down & the market goes risk-off. Right now, Gold & TLT are under pressure with TNX yield rising up with the recovering economy, catching up with rising inflation. That may be suggesting that stocks...

xtremerider8

After recent retracement to our favorite FIBO 78.6% level, HBAR gathers strength & now coiling back to Fibo 61.8% level to retest the trendline & also to retest last Dec's big breakup candle low. After a succesful retest, the coiling shall stop & a propulsion shall begin. The best risk to reward ratio if you place a trailing stop loss a little below the...

xtremerider8

CRO is now at an ideal retracement level FIB 0.786. It seems to want to go down a little more to retest 0.412 which coincidentally is the FIB 0.854 level (last chance) & is also the first breakup candle low last November. After 0.412 retest, it will then breakout of the descending wedge. Pls also do own research & comment here your analysis.

xtremerider8

I don't know what fundamental news about ATOM but it is setting up for a new rally. anybody who knows pls comment. Long correction near its end & It has to break 38.33 resistance soon. recent AOTS (Alingment of the stars, moving averages correctly sequenced) makes upcoming rally a big probability.

xtremerider8

With all the moving averages stocked together, a big move is coming for CELO. Wait for confirmation which direction it's gonna be.

xtremerider8 Updated 

BTC in the weekly chart could not even hold above the previous breakdown candle low @41900 It seems to be following a narrow descending wedge down. It should get above 45k to be bullish. Otherwise, there are only 2 strong supports below: 1) the 38k zone where Elon's 1.5B tweet started the big rally. (Quite logical coz Elon sold out his BTC, so those who idolize...

xtremerider8 Updated 

A confluence of many technicals sometimes increases the probability of a reversal. BNB most probably reversed at 395 to continue wave 5 1) Price was at the lows of both big & smaller channels 2) The lower lines of both channels intersect at the 395 area 3) the candle at 395 bounced from 1W ma50, as BNB did several times in the past 4) 395 zone is near FIBO 61.8%,...