FaustDick

FaustDick

The S&P 500 has reached a new ATH. The monthly RSI looks strong as well. This could trigger an explosion into the target area.

FaustDick

I'd say USDT.D going to fall to at least 2.85%. That's the golden pocket of the previous uptrend.

FaustDick

Congrats to those who bought the Coinbase stock at the end of wave 5.

FaustDick

A parabolic move to 200k or higher by October is far from unlikely — we’ve seen it play out before.

FaustDick

We're having a breakout on price, RSI and MACD - unless we dump into the daily close.

FaustDick

The NASDAQ has officially set a new ATH today. The Dow Jones and S&P 500 will soon follow.

FaustDick

There are six days left for OTHERS.D to climb back above its support levels. Doable, imo. We climbed 0.20% in the last two days.

FaustDick

BTC is at a critical level of resistance at the prior low. Breaking above this level would suggest a change in the trend. A rejection would suggest a final downward movement, which I would prefer in order to complete a 1-2-3-4-5 wave count and avoid an expanded flat correction.

FaustDick

BTC has decided to dip further, retraced to daily support and is probably going for liquidity at 100.3k.

FaustDick

I have to say: SOL, on the other hand, doesn't look too bullish here. The prior downtrend was broken, but the price has been rejected by the golden pocket and is currently trading slightly below the range. A drop to $112 is possible if the new trend isn't strong enough.

FaustDick

The bearish case is a bear pennant, which could indicate another breakdown to 100k.

FaustDick

The liquidity at 103k has been taken and five waves have been completed. Now, we should be all set. In theory, at least.

FaustDick

Returning to range low form here is normal price action. Breakout to one side, breakout to the other, before the real breakout happens — most likely in the direction of the bigger trend, which is up.

FaustDick

Just a little deeper to finish the wave count and we're all set. If it stays an ABC, it could mean an expanded flat correction, which wouldn't be good since it would mean we'd go deeper later.

FaustDick

...this thing has to go down, and technically, it still looks like this could be it. It's the monthly, so it could still go sideways for a while, but it looks like a completed channel before the breakdown.

FaustDick

I have to make a correction to my previous publication. Five waves had already been completed. This potential reversal therefore makes perfect sense at this point.

FaustDick

Bitcoin broke out above its downtrend line. A retest may happen, but the trend is broken.

FaustDick

I assume the correction is not quite over yet. One more drop for BTC would make perfect sense.