look at btc on the monthly chart: winter is not horizontally oriented there is an uptrend idea: winter is the boring time for crypto when everyone is talking about how it's going to die etc etc the buy point is in the lower blue channel. low risk, high reward.
IMO everything will follow the path of China. Everything we own says "made in China" -- so why aren't we following BABA as a guide??? Our indices have followed the path. Our big caps are following the path. We don't need to reinvent the wheel. It's right there... I don't known anyone else who does this simple channel scheme w the charts. There may be a...
monthly rsi on spy...i see similarities in 2000, 2009, 15, etc
looking at poss inv head and shoulders forming. using channels upon channels, inside more channels....
similar measurements repeat. first, i accept that this idea may be nonsense and unusable. but since patterns repeat, it's possible that certain lengths also repeat in a way that help guide TA as the price action develops.
AMZN BOX JUMPER. pretty boring chart pattern. box and jump. box and.... recaptured averages...can she stay above and fill the gap...if so thats >10%. that gets her above the box. maybe a nice jump up to the next trading range. macd is your friend on the daily; weekly still a little behind -- paytience .......
the tesla likes her some blue. she fell into purple but recaptured the averages and is poised for take off. will she go or will she melt under? if we are heading for a blow off top, why not lead with the s&p 5. it ain't quite right for the market to run away like this but if you can't beat em....
wouldn't it be something if the s&p 500 tops out at 500??? based on this chart, it looks like we are heading there in a hurry.
with one exception, each rising wedge has respected the last green candle lower body close as the target price once if falls out of the wedge. there was one notable exception when the redistribution fell to a lower level. on a macro basis, it makes sense for the tokens/coins to spend some more time down in this accum range since the whales are still figuring out...
Is a double bottom more of an actual literal bottom? Wouldn't a double bottom be 4 curves?? ok jk -- but am seeing a double bottom here....or a single bottom...or just a bottom... happy trading
heres what i'm seeing from an uptrend channel and a wedge perspective. i'll play whatever direction it gives me, (bull v bear) but it's lookin like a stalactite rn...play ur way
i don't really have comments except to say anomalies are always worth investigating...
i've been watching this...it struggled to get over the last resistance from the prior pivot low point. then it finally blasted over and pulled right back. looks like a battle if this c/h is to play out -- it surely won't be a quick push. but the drop below 30k was met w a giant nope nope candle - buyers came in strong. also, that may correlate w the "sprimg"...
h/s marked w yellow. height in purple. cloned height to match target range bc easier than calculating. neckline purple. entry just above horizontal breakout alarm line. target estimated to approach prior s/r line around 1.47. if it plays out, should reach range of yellow lines. tbd...
overall dj picture incoroporating long term trendline, upward channel, megaphone pattern, and post-covid market manipulation/fed bubble. megaphone drawn to incorporate the most candles, not necessarily tail vs body or green vs red - just the most overall consistent touches. not a prediction of any sort. but poss lower end around may 2024, around 50% correction.