BTC CME Futures indicating that the (large) move up earlier today has ended. Hoping that we move into some (boring) consolidation for a few days after so much volatility and then continue higher. Best, -Bill Obligatory Legal Disclaimer: THE INFORMATION CONTAINED HEREIN REPRESENTS THE AUTHOR’S SUBJECTIVE BELIEF AND MAY OR NOT BE THE VIEWS OF WILSHIRE PHOENIX...
A meaningful correction is coming in the near term for the S&P 500 (or SPY). The AMEX:SPY Perfect Storm: - Trading outside of 1.5 Standard Deviations (SDs) from Linear Regression (LR) - Volume has been absent during the last several months - and historically, that does not bode well. Simply put, if few are buying on the way up, few will be buying down. -...
COINBASE:BTCUSD . I thought that I would spend a few minutes separating the noise from the media and set aside some of the claims made on this platform, among many others, associated with the recent decline of the bitcoin price. - Late 2020/2021 Trend Line has not been breached (blue line) - However, BTC broke through its 50DEMA - But strong support remains at...
COINBASE:BTCUSD simple S/R levels to keep an out for in the near-term.
COINBASE:BTCUSD short-term potential moves with removing as much noise as possible.
SPCFD:SPX is likely to fall in the near-term and find support at around 4000 because of math (linear regression) and being that volume is deficient (see prior occurrences (annotated on this chart) that almost mirror this instance).
COINBASE:BTCUSD likely to reach ATHs in an unconvincing manner and then fall back to 57-58K to further consolidate at those levels.
SPCFD:SPX Some lines on a chart - hope you find it helpful - ask me anything...
NASDAQ:AAPL using Linear Regression @ +2/-2 with the 20 and 40 DEMA looking very 'sticky'.
AMEX:SPY using LR @ +2/-2 with the 20 and 40DEMA appearing to be the guide (at the moment). Also using TD Sequential - which creates dynamic support/resistance lines that I think are helpful. Please let me know of any questions. Happy to help.
The price of bitcoin using LR @ + 2/-2 (blue). Note that the 125EMA seems quite sticky right now (dark red). Also, using a form of TD Sequential. This is the daily chart but always work back from the weekly, each timeframe tells a different story. *Currently working on a new type of LR for Trading View (people will be able to customize fitting much easier,...
Latest on BTC w/o the meaningless noise often associated with most of the charts on this platform.