$SPX Weekly Outlook : Neutral $QQQ $IWM $DJI

There is no sugar coating this rally off the lows when the plunge protection team stepped in on the night of Christmas Eve. This has been vicious and the BEST January start to the market all time (which is a very long time).

You have to be respectful of the rate of change in this increase off the lows. I am fairly certain that we are approaching an area where we should see 1 of 2 things. 1. A substantial pullback at least into the 2540 SPX area or even lower to continue the bear. OR 2. Some sideways action that

BITCOIN: Bull Flag & Falling Wedge

I know, I know… I have been searching and telling you about it many times lately…

This is becoming boring…BITCOIN is moving terribly slowly…tracing a downtrend path which does not give us positive feelings right now. But, you know, Volume is the key right now. Volume has decreased a little every day, forming a “Falling Wedge” but, essentially is more or less constant if not flat at 5.5b$

The Bullish Divergence is still there and now BITCOIN is approaching to the upper resistance of this Falling Wedge. This breakage is the key now…

If, while approaching to this line, the Volume spikes then it

Ripple – we need to talk : Part 2

Yesterday I started to voice some concerns that I have about Ripple in the post: “Ripple – we need to talk“. I made the statement that “Ripple is not a cryptocurrency” and left quite a few open statements. Today I’m going to tell you why I say that as we look into ripple in a bit more detail.

As I said previously: I’m very concerned by all the pro-Ripple articles and sentiment which I am seeing at the moment. I believe that many people have been/are being misled and are uninformed. That is why I am writing this post. I also

Everyone all bullied up yet? $AAPL Bounces, $FB Bounces…

The Bulls are back baby! You can feel it in the air. Big Momma $AAPL reported earnings on Tuesday with a BEAT (disregard the lowered guidance that tanked the stock in early Dec/Jan) and now $FB has come through with a BEAT (disregard the Daily active users not changing as a percentage of monthly users for NINE CONSECUTIVE QUARTERS lol.

The SPX has rallied off the lows and has had one of the greatest starts to a year in recent history.
My advice is to sit and wait here. The EASY money has been made. Yes, we have V-shaped up but now

Crypto Contest January 31: Ripple

Ripple (Binance: XRPETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ripple began a wave one advance on August 8, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 19, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 5 this year. If this wave count is correct, Ripple should be heading next towards the December 19, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe Ripple is currently in the red

Bitcoin Long-term (31 Jan)

I’ve been promising an update to the long-term BTC chart since my BTC post of 10 January. Here it is.

The last time that I did a proper long-term look at BTC was when I looked tried matching the Fib levels of the 2014 bear market with those of the 2018 bear market, about 2.5 months ago.

For what it’s worth i think that I did a fairly decent job in that post, concluding that:

– $6069 may be a realistic post-capitulation consolidation level .– $3230 is a possible bottom for the 2018 bear market.– $3206 is also a possible bottom for

Crypto Contest January 30: Ethos

Ethos (Binance: BQXETH) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ethos began a wave one advance on January 5. The red wave one finished on January 13, and the red wave two correction ended on January 14. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, Ethos should be heading next towards the January 18 peak in the red wave five.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The

Technical Analysis for Bitcoin, EOS, ETH and XRP: BRIEF OVERVIEW

Bitcoin has broken back below $3,400 (Coinbase).

EOS is hovering around $2.27 (Bitfinex) and seems to be eyeing the $2.11 support.

Ethereum is sitting on the $100 phycological support. If that support breaks decisively, we could see it fall as low as $80.

Ripple (XRP) looks to be operating within a descending wedge. While this is a bullish pattern, it may get worse before it gets better.

In today’s video analysis I discuss, traps to avoid, where prices may be heading next and so much more. I hope you find it helpful.
Video Analysis:

 
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or

Bitcoin ventriloquism

Oh how Jamie Dimon makes me smile! It seems that he is now attempting to play the role of “Puppet Master”, in a rather obvious fashion.

For a man who states:

“I could care less about Bitcoin”~ https://www.youtube.com/watch?v=40OuVyVGdIM

it seems strange that he just can’t shut up about it.

Today I’ve been inspired by the article “Bitcoin Could Fall Below $1,260 if the Bear Market Continues: JP Morgan Analysts”, which sounds like typical anti-Bitcoin propaganda fresh from the mouth of Dimon himself; only it isn’t.

Instead he has his minions saying his words for him – his puppet employees at JP Morgan.

Let’s look at some of the Dimon-like quotes from the article and I’ll

Crypto Contest January 29: IoTeX

IoTeX (Binance: IOTXETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, IoTeX began a wave one advance on August 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 5 this year. If this wave count is correct, IoTeX should be heading next towards the October 28, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
IoTeX is a privacy-centric blockchain platform that is fast, flexible and Internet of Things (IoT) friendly. You