NASDAQ:NVDA possible bear case projection with the double-top. If lost, short entry short entry should wait for a rejection by weekly EMA30, blue box. Give price a chance to bounce-off $129 and weekly EMA30 before getting beared-up.
#Silver needs to push through blue upper for a chance at the wedge breakout. Price above weekly EMA30 is a good sign..
Has AMEX:DUST reached the psychological limit for the bears sticking their neck out there to short miners?
Looks like we got the false breakout of the bearish, rising wedge, and it turned into a sharp reversal. That was the worst thing that could have happened. Probable path depicted. #bitcoin
Based on volume, #gold has already built up more base than what was needed down at the $2,300 level. Wash out the weak longs, rinse and repeat.
NASDAQ:TLT is only 8.55% off major all time support. For a precious metals miners investor, being down 8-9% before going up is the same as putting socks on..easy. Risk/reward looks in favor of accumulation here.
History doesn't ever perfectly repeat, but it certainly rhymes. Rug pull imminent. Few are prepared. Rising wedge. Dropping volume. Bearish divergence with daily RSI.
Or are we really just getting started? A quick analog analysis from 2005 on the logarithmic chart says otherwise! In fact, we are following the same script!
Probable support, and short target depicted. The rising trendline has been breached.
Here is the daily version of the chart I just posted. The 4 hour charts don't work very well when you want to come back and check on them later.
This is starting to look like the 2021 top. We have way over extension and negative confluence on all time frames. And now, this is looking like the last chance for a bounce before utter destruction. Yikes!
Posted this for a follower on twitter: I'm default bullish when price is over weekly EMA30. I've seen a lot of charts with this set up recently. If you think price can higher than all time highs (upcoming catalysts, macro), then buying anywhere here would be a good DCA starting point. Lowest risk entry shown. $ivn.to OTC:IVPAF
Few understand this. Few are talking about it. Won't be long until the bloodbath begins.
Here's a possible target. Also not shorting, but will upload to Tradingview to check back later. Seems like a good risk-on rollover indicator. NASDAQ:COST
To me, it still looks like retesting pink channel is taking place. Not sure if it is some kind of risk-on leading indicator or not, but we'll find out soon!
Not a good sign, if a 4/4 record of kicking-off a bear market for #bitcoin is any indication. #btc #ripple #XRPUSDT
Just providing an update on the daily, for those watching.
So far, looking like a textbook false breakout, and back inside the purple channel! Rejection. One more trading day left to confirm short position initiation. Tight stops here. NASDAQ:MSTR