Introduction Bitcoin has been winding up above its previous top for many months. If you check the chart habitually or have been in an altcoin that has been bleeding out while bitcoin has been going sideways this has been a very painful time for you. Somethings got to give very soon. Indicators The most important indicators for this chart are going to be the...
Good afternoon Lads, The last six months have been very painful. I have been buying more and more crypto but my account goes lower and lower as things find their bottoms. But my total stack of crypto in terms of unit of account has gone up. There hasn't been much to post. But now I have a reversal structure in the shape of an inverted head and shoulders. So...
The Bitcoin halvening puts the price action of bitcoin on a four year cycle that so far has resulted in a higher high each cycle. Until that changes the best money to be made is by incorporation that periodicity into your trading plan and figuring out when to buy, sell, and hold. In a bull market you are suppose to "buy the dip, and sell the rip." But not all...
I absolutely love it when we can discard more complex names for chart patterns, like the Bump and Run or ascending inverted scallops for more simplistic names. The Big W looks like a big W. And Fantom looks like it is in the second low of a big W. My source material for the Big W is Bulkowski’s The Pattern Site and I use his lettering system. TL:DR at the...
Link was one of the darlings of the last bull run. It’s story includes crazy volatility, stories of “Link Marines” blowing out Zues Capital out after its short and distort narrative fell apart. I suspect Link will once again be a darling of this new bull cycle. cointelegraph.com Analysis The meat of the idea is from the main chart. We have hidden bullish...
Introduction This is a birds eye view post. We have had the usual stall and consolidation after the halvening and things have started to get lively. Due to all of the tokenomics of bitcoin, with the havlvening, its periodicity, and so on the move is going to be impulsive and sustained. The charts reflect that. Important Indicator considerations A MACD...
This is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting. Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t...
When markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem...
The US Dollar index is one of the most important indexes one can watch to position themselves for long term moves in a wide range of markets. There is its role in currency markets, US equities, bond, anti-fiats like precious metals and cryptocurrencies. For a basic primer: www.investopedia.com As a quick post this is simply looking at the basics of chart...
Background My first idea where I lay out a yield curve battle plan was published 13 months ago. It was by no means perfect but I found it quite useful. I used it to buy the dip the market was experiencing and then when I was not seeing the follow through to a new all-time high I went back into safer assets (except for my crypto play money). The last idea looked...
Introduction I have been waiting to do this idea for over a year and it seems that the moment is finally pregnant. When I saw the W pattern I did some testing and concluded that the 1.618 would be a likely target. If the situation became properly bearish the reversal could possible take out the low of the W. Many harmonic and cypher patterns, upon reaching...
There are a lot of trading and investing strategies and many of them involve trying to avoid top and bottoms and just get into the meat of the move. The most powerful impulses at reduce increase gains/time. These strategies do not try to do the heavy lifting of buying the bottom or potential reversals. To such an end on bitcoin I have cobbled together a...
TL:DR: The ADX, SAR, and NVT have both crossed key thresholds with a trendline break. We are now in the early stages of a bull market that will probably last more than a year and a half. Indicators Dynamic Network Value to Transactions Ratio by aamonkey Bitcoin is the name of a payment network as well as the currency used on that network and the smallest...
History and Introduction Everyone in the market today remembers broadly the financial response to C19. It We see it every time that we look at the price chart and we see the spike down and the V recovery. What a lot of people may not remember is the investigation into SoftBank for essentially causing a short squeeze by use of call options and gamma hedging. ...
TL:DR The NDX & Yeild Curve Inversion Pattern suggests that price is bouncing very technically and logically at a long term support trend line. The bubble phase will be complete when price action gets a lot of "white space" between itself and the trendline and the yield curve inverts again in about 2 years. Introduction There is definitely a lot of...
Quickpost XMRBTC has been exploding sideways for over 1400 days. While it has done so it has created a macro symmetrical triangle that I suspect will break to the upside. There is a inverse head and shoulders that has been developing for about the last 6 months and is seems ready for the right shoulder to makes its move to the neckline then perform. The...
Introduction The Bank of America Corporation is one of the most famous of Warren Buffets holdings. It is right behind Berkshire’s Apple holdings in size and it has only grown during the recent banking turmoil. This is while he is “dumping” other banks because of red flags in their financials. That is beginning to look like a bad decision based on the technical...
Introduction Since the 2008 Financial Crisis NDX has been “the” trade for anyone looking for easy gains in equities. It has stomped out precious metals, emerging markets and the like. Even crypto powerhouses like Bitcoin and Ethereum are sideways against NDX since the 2018 crypto bear market and smaller alts have been clobbered against NDX in the most recent...