Thursday, May 20, 2021

Distribution Price Action Pattern





I predicted BTC crash three days before it happened, based on this chart pattern.


S&P chart pattern looks similar “Three Peaks and A Rebound”

Could it happen again?



All posts and charts are for educational and illustration purposes only
Tuesday, May 18, 2021

Phases of The Market - Bloomberg Commodity Index

 

Bloomberg Commodity Index

This chart adds to my conviction that we have entered a Commodity Supercycle.
All posts and charts are for educational and illustration purposes only
Friday, May 14, 2021

Straits Times Index - Early Sign Of A Technical Breakdown

 


Straits Times Index - Early Sign Of A Technical Breakdown
This week, we are beginning to see a small crack in the STI uptrend after a stellar March-April price surge, it has spent the last four weeks consolidating in a narrow range between 3,134-3,145 and 3,211- 3,221. This week weakness it broke the support at 3150 and it also broke the support provided by the 200 Days MA . This leaves the market vulnerable to further weakness in the coming session, with the breakdown pointing to a downside target of 3,019.
All posts and charts are for educational and illustration purposes only

Ethereum - The correction have Begun!

 


Ethereum - The correction have Begun ! After a stellar 2 months breathtaking run , it’s taking a rest . First target for the short term is 3382 .

All posts and charts are for educational and illustration purposes only

Bitcoin - The Price Action is setting it up for a steep fall

 


Bitcoin - The Price Action is setting it up for a steep fall . Having consolidated between 4500 to 60,000 since feb 2021 , the price action is suggesting we are in a distribution phase where the big boys could have or are on the process of exiting . The 47224 level is a crucial one , if it breaks we could see prices heading for 39115 which coincides with the 200 days MA.

All posts and charts are for educational and illustration purposes only