stewdamus

stewdamus

Traders, Though the indicator is weak having not received full confirmation at the time of this post, I have chosen to go long AVAX once again. AVAX is one of my favorite alts and from the chart we can see that we have several good support underneath us. First, there is that ascending trendline. Secondly, we have that VRVP PoC. And the third indicator is not...

stewdamus

Traders, You guys know my target during this uptrend has been 68k BTC which is the top of our channel and that large order block with mostly sell orders. This last sudden dip cleaned out quite a few longs. Now, it is time to go after those shorts. You will start to see a lot of shorts liquidated around 68k (the top of our channel). This will only add fuel to the...

stewdamus

There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see...

stewdamus

Here's what that means. A long-term view. Traders, The pressure is on for these altcoin bulls to run through the end of the year. However, we are flirting with disaster this time around. Here's why? From the beginning, the 350 DMA (or 50-week MA) has always told traders whether we were in a bull market or a bear market. Though periodically, the price did stick...

14:45

stewdamus

Traders, In this video: 00:00 - Housekeeping. Thank you all for the polling responses. Greatly appreciated and helps determine site direction tremendously. Quite a few site changes have already been implemented. I will discuss these as well as added new features, services, and what my new indicator system is showing us. 00:08 - The weekly technical analysis...

stewdamus

Traders, Something exciting and possibly foretelling has just occurred. If you've never heard about the Pi Cycle Top indicator, I'd encourage you to look it up. It has called the last 3 Bitcoin cycle tops correctly. Basically, when the 111 DMA intersects the 350x2 DMA, you have a top. In 2021, the indicator called the top a bit early. However, you can see that...

stewdamus

Ladies and Gentlemen, A breakout from the Total3 triangle has been confirmed. The alt bulls are running. First stop? That 200 DMA which is just about to intersect the VRVP PoC. Resistance there may trip up those bulls a bit and knock them quickly back down to the top of the triangle but when they get back up there will be no stopping them. We've waited 3 long...

stewdamus

Traders, So far, my new indicator combo is batting 1000%. I have to throw more difficult memes/stonks at it purely out of curiosity and to see how it handles the high volatility. Let's watch this one. We got all GREEN on GME on the 20th of September. If my indicator combo gets this right, we'll break that strong area of confluence which includes the top of my...

stewdamus

Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I...

stewdamus

On Friday, my indicator combo gave us a big old SELL, meaning dominance by Bitcoin is about to dump. This does not mean the price of BTC will drop. In fact, it could continue to rise. What it signals is that the altcoin market is about to 🚀🚀🚀! Therefore, if Bitcoin rises, Altcoins will rise even faster. Get ready! The rocket ship is about to launch for alts....

14:49

stewdamus

Traders, I know you're tired of hearing it. I know. But we're so close now. Keep the faith. I have not waivered or varied on my year-end target for 2024 for a year and a half now. And I still believe it will be achieved. In the beginning of 2023, I called for a year-end target of around 70k. We nearly hit that. And somewhere in the middle of 2023, I suspected...

stewdamus

Don't give up on that altcoin bullrun traders. We are almost there. And yeah, maybe it doesn't look exactly like bullruns of the past, but can at least count on a double-top here by the end of the year. Of course, some coins will do far better than others but this is the time when almost anybody can take their pick and look smart. Watch this triangle closely. I...

stewdamus

A long signal was given by my indicator combination on Sept. 11th. Additionally, you can see the potential inverse h&s pattern supporting the signal. The pink ascending tl is also still holding for support. Target would be around $220 or once my signal flashes red whichever comes first.

stewdamus

My new signal gave an alert for BCH on the 8th of September. I will be tracking this one from an entry price of 315. The target shows 519 (65% profit) but again, I will probably not sell until my indicator alerts me to do so. I still set my stopouts in case there is a false alarm. In this case, I’ll set my stop out to 265. Updates will be posted on this trade as...

stewdamus

Let's try out my new signal alert. I'll be giving the first few signals away until I prove that it works with a high rate of success. The green signal was given on Thursday, the 12th of Sept. Your target can be any amount above that you desire. In this example I set it to $72 which is about 16% profit. But I probably won't actually take profit until I get a SELL...

stewdamus

Traders, This is insane! My jaw literally dropped when I back-tested my new signal strategy. While I was playing around on the charts, as I do, with a couple of different indicators, by sheer chance I discovered a combination of indicators that I had never seen or heard any trader ever discuss. I had seen them discussed individually. But no one that I know has...

11:12

stewdamus

Let's look at the 50-week moving average (350 days) and talk about what it tells us regarding bear and bull market cycles. Here's why we need to watch it closely right now.

stewdamus

As expected, SPY double-top looks to be playing out. I don't expect us to drop much lower than the pink ascending trendline. Maybe we'll touch that 200 dma before our full send. Let me remind you that the pink ascending tl is the neckline of a large cup and handle pattern on the bi-weekly, the target of which remains 650-700. This is still in play on the longer...