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I've been doing running updates on BTC since I declared my last attempt to short fairly close to the high. Read these in the post below. The conditions for a break now look much more likely. Here's a series of things suggesting BTC will now see at least 40K. Click on each of the below for more info: The Heiken Ashi trend has continued to develop. We've...

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There have been big exciting moves in the Yen recently. This post will look at some scenarios this may lead to. First, let's take a big overview of historic Yen trends. Since I'm going to be discussing this from the perspective of a pending Yen crash to keep things simple for people unused to Forex quotes I'll use inverted versions of the charts. Because to...

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Life as a USDJPY buyer has been good, as I proposed it may be in my swing long USDJPY thesis. Market is up several 100 pips and it's paying swaps daily just to hold. What's not to love? But it's starting to feel a bit easy. If it keeps being easy, I'll keep longing with tight stops under structure but my current bias skews more towards the short side. Have...

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TSLA has been down for a while and is in an observable downtrend at time of writing. There's recently been positive news and this has brought up to a 76 retracement. Love to short in these spots. High RR with stops behind the last highs.

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This post is to test a hypothesis we can break bubble moves down into five main stages and with these we can have a reasonable idea where we might be in that move. Here I've marked up the phases on Cocoa and I'll also show some others that have similar phases. Broadly understanding the phases of a bubble and crash is not as grandiose a claim as it's made out...

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Like NVDA we can fit the various swings of the SMCI rally into Elliot wave and this would imply we're either already at the end of or close to the end of wave 5. Might this have been the "New Paradigm" moment in AI? Could these final spikes be setting up the end of the rallies for the foreseeable future and the start of much larger corrections? The case for...

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I've seen a lot of people bearish on AI stocks hate a lot on things like ChatGPT or AI image tools. I think they're awesome. But is the AI rally setting up a rug pull? Let's look at the evidence to suggest there might be. In this post I'm going to cover lots of the rug pull setups pending over the markets. Note: These are patterns that are expected to create...

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Bitcoin fell close to 10% in a single hour yesterday on the news there were drones in the air heading from Iran to Israel. I'm a trader and I'm not going to play Middle East expert on the internet, but there is one observation I'd like to make. That is ... this should have been great for the Bitcoin narrative. In what type of situation would people most...

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The structure of the overall trading of TSLA in the last few years now builds up a huge head and shoulders. Head and shoulders can be a really fickle pattern with more of them failing than succeed but something that's interesting in this move is we also have selling starting from what could be a harmonic correction building the right shoulder. Were TSLA to be...

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Over the previous month I've spoken a lot about the risk of a failed breakout of the high. We're now very close to where I think we'd have the first big obvious tells that is happening. If there's a false breakout of the high, there'll be a rug pull. This is something I've said over and over again. Rug pulls usually come with bad news, so it's particularly...

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The heiken-ashi uptrend failed in March 2024. "Heiekn-ashi" means "Aveage bar" and it's a way to smooth out noise of candle sticks. The theory is these will be much more useful for trend following since they will produce less false reversal signals (and it's a good theory, HA bars are great for semi passive trend following). The general idea is when the bars...

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I think at this point we can very clearly define the areas of bear risk and bullish breakout in BTC. I've seen various calls for pullbacks to the 50K area and then bullish continuation. While that does make a lot of sense in ways I find that hard to expect given BTC has never done that previously. In all instances where BTC has made a bullish breakout the...

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BTC has so far failed to make any of the bullish scenario moves and has recently made a break that may be confirmative of the bear scenario. An Elliot wave based failure of the uptrend would typically look something like this. First big target of 40K for the short. Some bull trap/ chop and then continuation. And it's not just BTC. Everything looks...

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Follow up my previous post where I posed the question did the BTC uptrend break in 2022. I'd like to clarify points on common misconceptions that came up in the comments of the last post. If you'd like to just read current analysis skip to the line break. I'm Agnostic on BTC It's assumed bear thesis' on BTC are always linked with negative opinions of it....

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AAPL trades on a pending bullish butterfly. Although this is by default a bullish pattern the failure of a bullish butterfly almost always leads to capitulation to the following fibs. The local action we have on AAPL is not typically what we see in the low of a bullish reversal which makes me inclined to speculate on a sharp drop on the failure of the bull pattern.

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PLTR has now returned all the way to the level of my first bear forecast of it dropping to under 10. Almost hitting the second forecast target of under 5 (5.8 low, did miss by a bit). And now hitting the target level for the long trade from the lows. We're recently parabolic and spiking out a 1.61 fib. A lot of the times when this will reverse we won't...

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Setups on COIN and MSTR are somewhat similar. Different in many respects because MSTR was at a high but very similar in the 4.23 extensions (Which often marks trend exhaustion). An additional factor to support the case for a possible reversal here is we have the 76 fib. If BTC breaks again, it's liable to make a really scary looking chart. And if that...

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We've been making lower highs for a while. If this pattern is to hold we'd have optimal shorting entries here. We are rallying strong into the 76 retracement, triggering a possible 76 reversal: