Chartered Market Technician. Cycles, crowds, psychology. I don’t predict — I observe structure. Less noise. More signal.
Joined on 15th November 2024
Boston, MA
If Ether can close August above $3,800, it will trigger the a buy signal with a close above the upper Bollinger Band on the two-month timeframe.
This will be the first buy signal since January 2021.
The buy signal will also fire as the Bollinger Bands expand after the tightest squeeze and lowest BBW (Bollinger Bands Width) reading ever.
Only three times in the past 60 years has Silver generated a buy signal above the upper Bollinger Bands
Each time, Silver went on a multi-year monster rally
This time, I think Silver moves faster, but not quite as long
The current YEARLY candlestick is a large huge candlestick well above the upper Bollinger Band and above any other candle body in Silver's history
There is almost no resistance above, with Silver about to enter price discovery after Over 40 years of accumulation
I sense that this is going to absolutely shock people with up to a 10x
PUMP.FUN just launched their native token, and while it probably is garbage like most cash-grab alts, it does have potential to produce profits
For whatever reason, it is giving me a gut feeling like PEPE did when it first launched. PEPE did a 7,000% gain from debut to ATH – I don't think it is too unreasonable to expect around half of that from PUMP unless the company behind it all botches it
Data is limited because it just launched, but low timeframe EW analysis appears to suggest we are already hitting an impulsive wave 3
We may see some near-term corrective behavior still if the minuette degree wave (ii) isn't completed. But I still think we are heading into a wave (iii) of 3 of (3) which should be some of the most impulsive behavior we'll see
IMO, for me it was worth punting some cash into that I am already considering as "lost". This is how I cope with riskier bets.
