Category: The Trend is our Friend

Technical Analysis and Trading Ideas

Weekend Update – US Stocks and Cryptos

US stock markets closed the week on a very negative note and so did the crypto market. In this Weekend Update, I will discuss the Dow Jones Industrial Monthly Chart and why we should buy the next dip for higher highs to come into the Panic Cycle of 2020. Secondly, I’ll share my view on…
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Weekend Update: DJI 1987 Progress, GANN Jan 27 and Bitcoin Forecast 17/15/20/14/30/20….

  Dow Jones Industrial and Bitcoin Over the last couple of weeks, I have been researching the 1980’s period and there are a lot of similarities between the 1970-1987 and 2000-2018 period. At least, for the stock market. “Rising bond yields. Full employment.  Fed tightening. Trade frictions. Weak dollar. Rising twin deficits, spurred by tax…
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Chart of the Day!

I created a new page, Chart of the Day, where I will upload the ideas that I have and/or created by others on Social Media. Whenever I have time, hopefully every morning, then I will post a chart that I find interesting to share. Feel free to ask questions if you have any.    …
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Bitcoin – $10k or $18k – What Will Come First?

Bitcoin is struggling with support/resistance area $13.000-$15.000. A break above $15.000 could indicate a challenge of the lower high, nr. 11 @ 17/18.000 area. A break below key support $13.000 area, could lead to finishing nr. 12 down, support zone $8.000 – $10.000.     POLL – WHAT WILL BE FIRST: BITCOIN $10.000 or $18.000? …
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DJI Daily Charts – 63 Degree Angle? Where Have We Seen That Before….

Take a look at the following charts and tell me, which side is 2017 and which side is 1987? Are you able to spot the difference? I haven’t…as the patterns look quite similar to me (as mentioned in my last update on the US Markets: Dow Monthly Target @ 25.800 (Check) – Tag and Reverse, Just…
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