doctordrew77

doctordrew77 Updated 

Presented without further comment than the charting shown. An extrapolation from my previous BTC chart, which played out almost perfectly. Let's see how far off this is. A break past $71.4k on this current move, and up to at least $76.6k would cause me to raise my re-entry higher than where it is currently set (approx. $55.5k to $57.7k), but I don't think we get...

doctordrew77 Updated 

UWMC got some love from the meme stockers earlier this year, the but focus has moved elsewhere since. Last week, the bottom, daily demand zone was touched as the price appears to settle in at a baseline. BULL case: An entry at $6.20, with anticipated return on a bounce to the hourly gap/ supply zone should quickly return 11% to 13%. Barring further breakdown,...

doctordrew77 Updated 

The monthly trend line forms the bottom of a rising channel. The accumulation phase here dovetails nicely with the trend line. In the next three to six weeks, the SOS on the chart should relax down into the BU/LPS, which I expect to fall into one of the buy zones, before breaking upwards. I expect the whole move to take no more than two months. If the third...

doctordrew77 Updated 

We have broken trend and started the strongest dip since late October. If the bear move picks up momentum, low $30Ks or even $30K is not out of the question, especially with DXY waxing bullish. if the top is really in at $35,102, the 0.786 ($31,487) needs to hold. If we lose the whole supply zone down to $30,551, $30K will be tested. I would expect a bounce in...

doctordrew77 Updated 

Looking for a bounce in the upcoming boxes. Otherwise, this has played out more or less as expected. Bounce *should* take us back up by early next week.

doctordrew77 Updated 

Bitcoin fell to support around USD30K in May, and has been consolidating in what appears to be a textbook Wyckoff accumulation. On the 1D chart, bullish divergence has shifted to bullish with no divergence. As long as $30k holds, I anticipate a Spring move up into the $40Ks in the next one to two weeks. Higher targets should follow over the next two to three...

doctordrew77 Updated 

There appears to be a short-term Wyckoff accumulation riding the front of a longer-term accumulation. While yesterday's pump seems premature for a "Spring" move, and we may even get a small, short-term dip in the next few days, momentum appears to be building for a big move up in coming weeks. The monthly support level, last visited in Feb., '18, seems firm as June begins.

doctordrew77 Updated 

I'm still calling short, but there might be a little more money to pile in before Elon makes his grande apparence . If we hit breakout level, $1 is all but guaranteed. Top at that point is probably at least $1.10, but could wick higher. Might be fun to break down the 1m chart around the time the rumored DOGE-related skit is broadcast.

doctordrew77 Updated 

Two out of three looks at this tell me we're going down. See marks on chart for patterns, short-term targets, and other impressions.

doctordrew77 Updated 

The hype train looks like it's coming to a stop with the appearance of Elon Musk on Saturday Night Live. Conservatively, I think we drop to the 0.618 in short order starting tomorrow, at the latest. This could fall out to the 0.382 or lower if you give it more than a week. 10:1 R/R looks easy enough if you get in close to $0.65.

doctordrew77 Updated 

This pair has taken a beating since COVID. It's oversold, and approaching the bottom of a large, monthly structure dating back years . This wants to pop and run a bit. How high? Not sure, but right now, up is the direction. Various Fib. extensions and retraces are plotted out for your target-seeking pleasure. Right now, chasing the entries and exits, but will...

doctordrew77 Updated 

This bullish, potentially engulfing candle on the 4H suggests I may still be behind the clock, chasing the entry. Further, the retest did not quite touch my monthly support line, as drawn (0.77057 vs. 0.77038). Still, I'm banking on some consolidation on shorter time frames to get me back into my preferred entry positions. There is a modified, lower entry range...

doctordrew77 Updated 

We appear to have a breakout-retest of the monthly support level after a successful retest of the weekly trend line support, which culminated in an ascending triangle before breaking upward. If this holds, further up side expected. If it breaks down, a lower entry is still possible while preserving the weekly, bullish trend. At this point, I am expecting the...

doctordrew77 Updated 

Hoping for a bull flag -- coming off the bounce off support of the broadening, ascending wedge on the daily -- which does not drop below 91.069, though a few pips lower shouldn't ruin the entry on USD long pairs. If this runs back to the midline, it could top out around 92.634 to 92.726 by mid-May, before a little bounce down. Foreign currency pairs, and maybe...

doctordrew77 Updated 

This is a refinement of the previous chart, written up after Friday's trading. I believe we have found a bottom, and seem to have established a new, hourly swing based on the wick/failed breakout from Friday (30Apr). Several Fib. retraces/extensions are plotted out here, mostly from the 1H & 4H charts. Of note, on the 4H chart, the wick topped out at the MA18 and...

doctordrew77 Updated 

The daily candle forming up rejected off a zone I was watching. To keep moving up on this run, price would have had to breakthrough and then clear this zone. However, I am still bullish, looking at the long-term weekly trend and a final target around 1.43. Looking for a re-entry in the zones indicated. SL also is noted. Of interest is a S/R line on the Stoch which...

doctordrew77 Updated 

Please see previous chart on the daily time frame. I expect at least a 10:1 R/R from the present level, as outlined in the long position tool.

doctordrew77 Updated 

Entry for JPYUSD for the week of 11 April 2021. Recent downtrend appears to be consolidating for a break up. This could be a multi-week play. SL is convergence of two, X.618 levels from current and previous swings. This is expected to form support for the run up. Will indicate targets & R/R in Chart 2/2.