On the above daily chart price action has corrected 40% from the recent high of 20 cents. Price action is about to return there. Why? 1) Price action and RSI resistance breakouts. 2) Price action confirms support confirms on resistance. 3) Bull flag breakout forecasts a 50% move in price action. Is it possible price action corrects further? sure. Is it...
On the above 2-day chart price action has corrected over 60% since the 200% move in September (idea attached). A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action backtest on past resistance confirms support. 3) Volume. Money Flow resistance breakout. I don’t know why, but more...
On the above 2 month chart price action has enjoyed a 340% rally from the $7 lows of 2016. A number of reasons now exist to take a bearish outlook. 1) Broken market structure printed in 2013. Confirmation of broken structure printed recently in March 2022 (yellow arrow). 2) Trend reversal. Lower high replaces higher high. 3) The rising flag pattern is...
On the above 4-day chart price action has corrected over 95% since the sell signal(not shown) @ 2.80 in November 2021. Today is great long opportunity. Why? 1) You know why. 2) RSI and price action resistance breakout. 3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period. 4x34 days. 4) A double...
You may have noticed published ideas on tradingview.com are now calling for price action to take one direction and that direction is down. Don’t take my word for it, click on BTCUSD pair to the bottom right of this screen and then ‘ideas’ then ‘Recent’. A significant number of analysts are “short” at this time. The number of short ideas should not be surprising,...
No don’t be stupid. However have lost count the times this question is asked. But price action is about to make a strong upward move. Why? 1) Price action and RSI resistance breakouts. 2) Strong positive divergence between oscillators and price action. 3) Flag breakout with confirmed backtest with 100% forecast. Is it possible price action corrects further?...
There has been a few enquires on how much further price action will fall. I don’t know. However I'm a data scientist and that means I like looking for patterns. There’s a lot interesting confluence at the moment at the same time most of tradingview.com is publishing “short” ideas and yet from a quick scan of the ideas shared I've not seen many ask the...
On the above monthly chart price action has rallied 100% since March 2023. The rally follows the break of market structure in April 2022. The recent 100% rally has printed a rising wedge. This is a bearish chart pattern. Price action prints a bearish engulfing candle at broken market structure. Market structure resistance is also previous support that saw price...
On the above 2-week chart price action has enjoyed a 100% move in only 8 years. A number of reasons now exist to consider a bearish outlook for Gold, including: 1) A triple top on legacy resistance. 2) Regular bearish divergence. The number of oscillators now printing negative divergence with price action is actually greater than the positive divergence that...
For anyone interested in crypto tokens that are not Bitcoin or Ethereum, you’ll want to give this post your full attention! The above 10 day chart is very important for anyone speculating on alt tokens. The highlights: 1) Bitcoin dominance support and RSI support have broken market structure. That’s not my opinion, it is a fact of the chart. 2) Significant...
On the above 2-week chart price action has corrected 95% since early 2021. A few reasons now exist to consider a long position: 1) Price action and RSI resistance breakouts. 2) Support on past resistance confirms. 3) Trend reversal. A higher high prints. 4) The wedge pattern allows for a price action forecast to 130. Is it possible price action corrects...
On the above 12hr chart price action has corrected 65% since late March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Bullish divergence. Eight oscillators print positive divergence with price action. 3) Everything that was said above is also true for the AEVO.BTC pair (see below). Is it possible price...
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...
There is growing evidence for it. On the above 10-day log growth chart price action has been riding the ‘mean’ log growth line for a little over 1 year now. Throughout this whole time price action trades within an ascending channel, a bear flag. Within this bearish channel a smaller bear flag is printing. A measured move on the smaller bear-flag confirmation...
On the above daily chart price action prints within a rising wedge pattern since first testing 3000 dollars. The rising wedge pattern is a trend continuation pattern. In 82% of cases it is observed the exit is bearish. The wedge pattern is also a reliable predictor of price action forecasts. Take a measured move from the failed support to the bottom of the wedge...
On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including: 1) You know why.. 2) RSI resistance breakout. 3) Multiple oscillators print positive divergence with price action. More or less all of them. 4) No stock splits. 5) Some other things,...
** Swing trade opportunity ** On the above daily chart price action has enjoyed a 40% move despite the calls from camp bear. A number of reasons now exist to be short, including: 1) A sell signal prints (not shown). 2) Regular bearish divergence. 3) Failed MFI support. 4) Stochastic RSI crosses down 80. Look left for what happens next (blue circles) Lastly,...
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...