I am a retired art professor and has been studying charting and Technical Analysis [TA] for over forty years. Through the use of a photographic memory that aids in matching chart patterns on various moves of stocks, gold and other metals, oil, and cryptos, knowledge of candle identification, and application of Elliott Wave analysis the future direction of trends both up & down can be predicted.This is fundamental in positioning to capture various moves.
This price movement is one key factor in determining potential profitability. Also valid is TA as well as Fundamental Analysis [FA] is applied to chart out a suspected path. About 200 symbols are charted each day scanning for candidates for significant moves. Recently katzo7 predicted moves in many stocks as well as moves up & down in oil from going negative to its rally hitting a high of 76, the initial rise of BTC in July 2020 going into a parabolic to 64,374 from 11,000, a subsequent fall to 29,341 and its rise starting in summer 2021 where the predicted move was described as headed 'straight up.' Various alt coins are analyzed and successful targets were identified, the alts ultimately hitting those targets
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Honestly I don't understand how you can predict so accurately the direction and timing but katzo7 you kick my *ss!.
I wanted to say big thanks to knowledge you have given me, I appreciate it and I will always do, I do see a difference the way I look chart and made developed habit of looking TA now before buying blindly, that's all because of you.
Hats off to katzo7. Best real-time technical analysis seen-to-date, and I've been doing this for a long time. Extremely well done!!
My intention is to provide a key to all of the various techniques in order to understand market dynamics.