xtremerider8

xtremerider8

I just recently found this tool useful in timing the approximate time to be ready to sell or to buy BTC. If you backtest, it predicted correctly the 64k & 69k tops. However, during the 29k bottoming process, there was so much pessimism that the shorts continue for a while even after bottoming. But then there was already volume of buyers so BTC went up & the shorts...

xtremerider8

Garrick Gold broke out of a downtrendline. It also came down to retest midbox @ 21.45 & bounced. This is the perfect place to start a rally to BO the yellow consolidation box which also looks like a cup. The measured move of the cup would be 34 TP. This is a the perfect time for commodities & metals to shine! Not trading advice.

xtremerider8

XRP have to recover 0.60 in the next few days or else this M-pattern may go down to retest 0.48 pivot which is my max pain level before a grand rally. Break above 0.60 will again make 0.85 a target. Not trading advice

xtremerider8

In this weekly chart, UNG Natural Gas still has a long way to go. It is currently doing wave 3 of 3 but is already over-extended in its Bollinger Band. It is likely to retrace very soon to the middle of the latest DARVAS consolidation box which is 25.34 before continuing the wave 5 of III. 25.34 is also the low of the latest big green weekly breakout...

xtremerider8 Updated 

This BTC futures chart presents a much clearer picture of where BTC is going. From the 69k top, BTC seems to be forming a big bear flag & has recently fallen out. The recent one day rally may be just a FED bulltrap to retest the flag & then go much much lower. If 34k will not hold, we may probably see the 2021 lows @ 29k making wave 4 a regular flat. Worst...

xtremerider8

This is just a guide for human psychology. Buy some when VIX is between 30 & 40 (FEAR phase). Sell some when VIX is between 15 & 20 (GREED phase). Vix the fear index is currently on an wide upchannel creating a lot of market volatility. However, we can use this channel range to anticipate temporary tops & bottoms until this channel breaks up or down. See chart for...

xtremerider8

Did AAPL just made a higher low? It is the only major tech stock that is preventing the index from falling. Will it hold the blue upchannel or be the last one to break down after this FED BULLTRAP? AAPL is now trading between WMA 20 & the green WMA 50 in this weekly chart. Monitor carefully these 3 impt zones: 1) Yellow Alert Zone: If AAPL holds 155 the WMA 50 &...

xtremerider8

TRX just made a big 19.2% rally breaking out of a triangle as well as an impt pivot zone. This pivot zone then turns into support. Watch for the 2 TPs @ 0.1025 & 0.12. Fast retracement usually follows strong rallies. TRX should retrace back to the pivot zone or to the uptrend line for another buy point. Not trading advice

xtremerider8

SHIBUSDT broke below the yellow ascending triangle last April. Now it retested the base of a yet another potential BLUE descending triangle creating a double bottom at 0.00001840. It bounced & is still holding 0.000020 support. If this holds, next targets are 0.000022 breaking out of triangle & then the 0.000024 pivot which coincides with the black VWAP from the...

xtremerider8

Doge already retested the base of a wedge several times. However, with not so impressive volume, it may still still fall to 0.107 to make a beartrap double bottom before a rally to break above wedge. The measured move of the height of the wedge will target 0.27. Not trading advice

xtremerider8

POLKADOT forms Inv H&S with the head at 14. Dot has to hold 14 for this pattern to remain valid. Breaking above the neckline at 23 will start a big rally. If 14 does not hold, expect DOT to make a double bottom at 11. Not trading advice

xtremerider8

EPP have already retested & bounced from 2 potential wedges formed by the high & lows of 2008 crash. The green & black lines are the topside of the 2 wedges. See the yellow zones. Is the bottom in or is a deeper ABC coming? If the 2 yellow zones of the 2 bounces does not hold, 43.22 will be the next downside target completing A deeper ABC wave at the 1.272 FIBO...

xtremerider8

Here I am finally sharing the SECRET REASON WHY I WARNED last Apr 17 that XRP would retest 0.60 when XRP broke down ascending triangle & bounced vigorously towards 0.80. I said it would not be able to go pass my 0.79 to 0.82 pivot zone & would quickly go back down to retest 0.70 or even 0.60. History only shows 2 data points on Binance chart so I was not 100%...

xtremerider8 Updated 

It seems even more likely that YM Dow futures may retest the most recent 12% correction low with major moving averages failing to give support. Bearish scenario: However, if this negative 12% level does not hold, the risks are increasing that it may target the next 17% correction level. (This is more likely that the worst scenario of a 20% correction bringing it...

xtremerider8

IBB bounced from the green pandemic support zone last March but have came back down to retest this zone. IBB has found support exactly on my GANN FAN line for several times before it breaks down & retested the violet downtrend line & bounced, making a reversal with a long hammer candle. IBB may close today above my GANN FAN line support confirming reversal ....

xtremerider8

Update on my 2018-2020 Meagaphone fractal thesis. (A recent overshoot below fractal & channel may just be a beartrap) The bullish scenario: SPX recently overshoot below an upchannel & is now making a V recovery to reclaim it. If it rallies above the 4400(green dma50) to 4500(red dma200) zone & holds it, then the 22Apr overshoot is just a beartrap. SPX will...

xtremerider8

EXPEDIA, another re-opening stock is looking better than ABNB & still above major DMAs. It is now exactly at 177, a 50% Fib level & also the middle of my consolidation box. Holding 177 will see a retest of upper box. Losing 177 will see 150 next. Not trading advice

xtremerider8 Updated 

Economy seems like stalling for a while more with rising inflation, consumer savings depleting & XLY discretionary falling. ABNB may soon see a retest of the 3x bottom @ 130 since it is forming a descending triangle. Not trading advice