A simple chart, showing SPX coming to the end of a multi-decade parabola. Looks like anything close to 6000 is in play in this final phase.... What comes next isn't a recession, but a new reality...
As Bitcoin edges closes to the end of its exit-pump cycle, i expect alts to run hard! Some say alt runs are dead... but i believe the cycle of greed will continue to run regardless of legislations and whatever the SEC says :) Nice little grab lower ready to pump into the gap.. enjoy!
Nice consolidation here ready for the move up to the monthly gap. Should get at least 75% return from here...
As we delve into a new calendar year, i thought it was time to post some of my own thoughts on whats ahead. The bulls are back, three figure targets have entered chat and leverage is abound. However, i fear this is nothing more than a 'Suckers Rally' as it is known. What is a Suckers Rally you may ask? Well i asked Chat GPT and it said: " An increase in the value...
Currently consolidating between the 20+ 50W & 100W EMA. Had a fake out above this area a few weeks ago. I expect we'll continue the chop between these two lines for a while longer before finally breaking down to the 200w EMA. Historically price has wicked, or consolidated below the 200w MA - that would be the time to start accumulating for the next cycle.
Momentum trading algo: TP1 - First swing low TP2 - Second swing low or trailed SL SL - Above baseline / prev swing Stops to B/E after TP1 hit.
GBP/USD - Short - 1hr TF SL - above swing high TP 1 - next support TP 2 - swing low. Stops break even after TP1
Heres a Renko trading system i made. (Disclaimer - i don't live trade this current system, but its pretty neat) SL = 1 red block the opposite way TP 1 = swing high TP 2 = next swing high
Usd/Cad - Short Scalp - 15min TF Tp1 = 1.2x ATR Tp2 = Swing low / trailing SL = 1.5x ATR
NZDJPY - Long Scalp - 15min TF TP1 = 1.5x ATR TP2 = Swing high / Trailed SL = 1.5x ATR
CHFJPY - 15min TF - Short SL = 1.5x ATR TP1 = 1.2x ATR TP2 = Trailing stop or s/r target.
TP1 = 1.5x ATR TP2 = 3.0x ATR or trailing stop SL break even after Tp1 GL
CHFJPY Short scalp TP1 - 1.5 atr TP2 - 3.0atr Stops break even after Tp1.
Short 1hr tf Tp1 1.5atr TP2 3 atr Stop to break even after TP1
Testing out a scalping system i made. Tp1 is set by ATR. tp2 can be a target or trailing.
- 95% down from ATH (capitulation) - Been in downtrend/accumulation, even whilst other top 100 coins had alt rallies. - Lower low on the weekly with bullish divs - Lots of empty space to run into I'm aiming for $250 by Dec 2022, a gain of >600% from the current price of $34. We will see if this prediction ages like milk or wine in just under a year! Ciao.
Bottom indicator is bollinger band width measurement - now at lows. Big move anytime we've headed down here.... Question is up or down? Bias is with the bulls.. lets go!
Based on VP's NNFX System. 2 entry indi baseline volume exit condition.