This is not to be taken as a trade. You may use it as part of your collection of 'research' before making your own decision, however. ------- These are explicitly the "best-case scenarios" near term. You can think of the red line as an increasing 'stop loss,' or better put, validation line. So long as the price is above the line, paths such as these are...
This began as a look at the downwards channel's BTC has been in. The red channel will be "broken" soon.. What I seem to have noticed is, the breakouts in these down channels are "Breakout's in Name Only," What I mean by that is: All BTC is doing is breaking out of nasty downwards trends that all have BTC going to zero if it doesn't (break out). So, the...
Dipping my toes in the treasuries. This began as a look at the 10 Year in the near term. The consensus and overwhelming opinion is the yields at 5% sometime next year. It seems like the yield will be above it's current yield for most of 2024. The above was what seems likely based on some research. The surprise could be a rapid (further) rise in yields during...
Oil trading unequally low in a large channel. Not near equilibrium. Equilibrium would require the price of oil to go up. The Green Arrow depicts the two scenarios (trading above/below). I am very new to Crude.. This is not advice but merely a test. A test to see how much equilibrium means (if at all) in this market. Thus, the biased me comes into this on the...
After managing to break the white line, the great line so many talked about as resistance or bull market (if broken), SPX looks to use it as support for the remainder of Spring. There is no indication that this breakout is strong & thus it seems likely that the bottom of the channel will be revisited before better times- look to April or May of this year for any...
- 100 years after the Spanish flu there was Covid-19. - 100 years after the Great Depression is the Great Reset. Coincidence, maybe. ----------- But, coincidence does not change the fact that 1929 was not a one-off event. Humans are brilliant but lack a collective memory stemming back more than a generation. The gap may widen with further generations. Ie, we...
We are within 1 week or so of knowing which arrow Tesla follows first. The drop to 228 USD per share region does look more likely, but do the most likely things happen with Tesla? I say most likely because it is the location where two trends would converge, and the 'trend' for the immediate reversal to the 313 USD per share region appears much weaker. ----- ...
Over as in: the downtrend would be. I wouldn't share disagreements with anyone who said they are buying DISH stock. It will be interesting. I am not advising any such trading in this post. All I can see is, as a hypothetical, someone buying today at ~ 7$ is risking a fair amount of downside (40 ish percent), but that potential downside seems to be limited to...
Hi All, BTC is on a downwards trend with the dotted lines giving some idea of where it may bounce. Regardless, and based on history, it seems a third rise in this run (which began Jan 2023) will end in or around the 33,000 USD to 36,000 USD range this summer. All else is speculation, so that is the reason why I am brief. The speculation is: Drop to white...
Not sure how much longer the cruise industry will get pummeled. NYSE:CCL has seen high volume ever since the start of the Coronavirus pandemic; something may be building. The stock is seeing and has recently seen its worst days ever. The risk/reward on this is intriguing. If I bought the stock today I would buy it accepting the fact that I may take a 15%...
It appears in the next 24 hours BTC could go as high as 30,000 but getting rejected shortly thereafter. It is expected that it will plummet to at least 28,400 with anything as low as 26,500 in play. This may be late Sunday or early Monday. Rebound will occur throughout the week with channel being broken sometime later next week. ------ This might be all...
Testing more lines... These scenarios aren't applicable if GE has any monthly close below 60 USD. Near term (<2 year) target would be at or before 100 USD. Long term (~3 year) target is at or before 120 USD. But, this is only a test & not financial advice... More explanation if we do not close below 60 USD this month.
The past few weeks have confirmed the channel trend Bitcoin is trading in. It is clearly outlined on the chart (grey channel). We may get a bounce inside the channel where the area of support (whether weak or strong) is clearly marked as the grey bar. The lack of any bounce here would be a bad sign in the shorterm (weeks-months) for Bitcoin & presumably we could...
Testing these lines. Unless BTC has a nice daily close above the redline (in the next few days / week...), we could see upper 17,800-18,200 level hit first or worse near term (w/in next 6 weeks), see BTC, perhaps briefly, trade in the 15,000s. ------------------------------------------------------------------- Again I stress this is all meaningless if...
Hello all, I am sure you pay some attention to global markets, (US) national matters/news.., etc., you may be noticing a growing sense of uncertainty. The charts seem to be too. ---- Of course, dramatic news can void any chart 'pattern.' This isnt necessarily a pattern. It is simply weak. The chart looks week, the only way I would consider it a "bull" market...
Hello everyone, TSLA had a major sell off after little news (besides the case being brought against Elon). We still have an "earnings hype" coming in the next month. I had this wedge pattern on my TSLA chart for a couple weeks now. We have hit the bottom almost perfectly, but I include the possibility of a further drop to about $221. This is not financial...
Hello all, First, I refer you to @Edgy_ 's posts. His videos and TA style is as realistic as you can get. Especially in XRP... But, I still like to post my ideas! ;) The way I see it, XRP will take one of the following (twoish) paths. We can perhaps see this as a bull flag, whose target would be hit (the top black arrow). I doubt we would break past this...
XRP still has a couple(ish) days to decide on its direction. What's your guess? Comment below. Just for fun :) This triangle coincides with targets that (for each side) make sense-- perhaps $0.30 to the upside and $0.24 to the downside. Of course, it could go beyond or below both of those, respectively. Best to wait and watch! Take care