Tag: chart analysis

Bitcoin Buy Setup In Profit Range

Posted on by Aibek Burabayev

It looks like I have posted the Bitcoin Bullish Setup at the right time as the price precisely followed the preset path - first down into a correction, which hit the minimum area of 38.2% Fibonacci retracement level. Then up to break above the first minor top, that activated the buy trade setup.

The majority of readers were bullish, with 61% votes.

Bitcoin Daily Chart

We can see the clear difference between outlooks and setups. I posted both the Bullish setup and the Bearish setup in case the correction would be extended. They were based on opposite outlooks. We do not have to guess; we wait for which setup would work. Continue reading "Bitcoin Buy Setup In Profit Range" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 8/15/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

Another week of drifting from the markets without any real increase in bullish or bearish pressures.

There are, of course, outliers that have moved, but they have been primarily low odds scenarios.

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

The market keeps drifting higher without much passion in either direction. While it’s seductive to want to “jump on the train,” the odds at this point are poor. All it takes is one little geopolitical catalyst, and a market this overbought can snap back 5% in a matter of days. Continue reading "Weekly Stock Market Forecast" →

Copper Is On The Verge

Posted on by Aibek Burabayev

Almost two years ago, in my previous copper update, I called for a big jump of the metal’s price to an ambitious target of $4.65 in the quarterly chart. I put it below to refresh the memory.

Copper Chart

Firstly, the price collapsed to pierce the double support shown in the chart. Only after that, it quickly rebounded to the upside as it hit the preset target of $4.65 this May. I hope you enjoyed that long rally.

Another model, posted almost three years ago within an educational experiment advanced very well, although it did not hit the target yet, as did the pattern shown above. That charting exercise drew a lot of attention and feedback at that time. Moreover, the majority of readers bet on this well-known pattern. Continue reading "Copper Is On The Verge" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a trading lesson for the week of 8/8/2021 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

This week, there is little to talk about as the market drifts sideways, and we begin the traditional “August doldrums.”

I have been putting myself out there a bit more this year, as I see a new wave of interest in active trading hitting the markets. Usually, these waves create a lot of excitement from newer traders, but then they lose money and quit in frustration.

I love trading so much, and what it has allowed me to do in my life and the time freedom it has given me to work on my passion projects and spend time with my family... I want to help others achieve the same.

Since I didn’t find any high probability opportunities, I’m going to start a lesson series and share with you the information that's CRITICAL for you to understand if you are ever going to survive, much less THRIVE in this business.

So, I’m going to start at the VERY BEGINNING... Continue reading "Weekly Stock Market Forecast" →

Bitcoin Update: Reversal Or "Dead Cat Bounce"?

Posted on by Aibek Burabayev

Bitcoin was in the “To Be Or Not To Be” situation last month as the giant Head & Shoulders pattern emerged to target the utter annihilation of Bitcoin.

This strong support that most of you have shown in the last poll for the main coin kept it from the collapse into the abyss. Let me show you on the chart below what has happened with the terrifying pattern since then.

Bitcoin Head And Shoulders Chart

The model looked just perfect as the price reached the final trigger of the Neckline after building the anticipated Right Shoulder to accumulate enough power for the breakdown. However, the first attempt in late June has failed. The next attempt at the end of July was not as powerful as the angle of attack was not sharp enough, and momentum quickly evaporated after a false breakdown. Continue reading "Bitcoin Update: Reversal Or "Dead Cat Bounce"?" →