MikeMM

MikeMM

Nothing unusual here, form base, pump to resistance, dump to support. This is in line with my broader market view of SPX going to 3k over 450 days.

MikeMM

Reaching long term trend line and forming a cypher harmonic. highlighted a smaller similar fractal from 2018. Markets have made me, and almost everyone too rich over the past 1.5 years. and before that, even more so. This market peak will be looked back upon for its own specific bubbles, primarily Bitcoin, and every meme coin. Beanie babies, Madness. that...

MikeMM Updated 

MACD bearish divergence, RSI bearish divergence, Willaims%R double top similar to last cycle. I will save the lecture on sentiment, by simply pointing out a few altcoins. CUMROCKET, PEPE, DOGWIFHAT. Top is likely in, and being that it barely broke all time highs of the prior cycle i will suggest there is literally no reason to buy bitcoin again for "another...

MikeMM

If it is to continue doing so, which I believe it will, then the correction is over, and the bottom is in before 5000. on the one hour chart we are seeing bullish divergence on the RSI, which has marked prior bottoms. I wouldn't be surprised if today was bottom.

MikeMM Updated 

No new highs = seeking new lows. RSI was overbought for far too long and will now have an equal and opposite reaction. MACD averages trending down and long way to go.

MikeMM

Dont know much about it but chart looks good. At major level of support, harmonic completed, bullish divs forming on rsi and macd.

MikeMM Updated 

Double top at the .618 fib Slightly higher high with the indicators showing bearish divergences. The RSI is showing bearish div The Macd showing bearish Div plus a cross down of the averages, The williams %r also turned down showing bearish divergences. Bitcoin is in a head and shoulder pattern with a target of 5-6k. Coinbase probably headed for 20 or lower....

MikeMM

Keeping this on the watch list, Monero + Zcash are the only hope cryptocurrency has going forward, so if you're speculating, this is the way IMO.

MikeMM

This is the only crypto which has a use case, and can live up to both CASH and PRIVACY. If I am going to be a speculator in this space, it will be on monero. That being said, theres still a long way down till I consider buying. Its funny though, the only useful crypto is massively underperforming dog coins, and surveillance coins (bitcoin) IMO they are making...

MikeMM Updated 

Big bullish divergence in RSI Big Bullish Divergence in MACD If there is a time to put in a higher low, its now. Not much room to go down without breaking down. Sentiment is awful, newsfeed is terrorizing, Contrarians take note. The 3 underperformers could send indexes higher while other stocks cool off. TSLA/AAPL/GOOG I think it is time, maybe one more dip...

MikeMM

Some form of double top, lower high, or slightly higher high is forming IMO. Since this is so new you have to go do the 5 minute chart, which for some reason tradingview will not allow me to publish. but if you go there, the RSI is bullishly diverging for another attempt of up. After the double top is in place then big down only. Nice swings INC :)

MikeMM Updated 

Last time RSI was this low was DEC 2018 BOTTOM before meteoric rise. MACD is showing a Classic Bullish Divergence P.E Ratio is around the P.E warren buffet bought more apple at. Chart shows another falling wedge. We are sitting on an .886 fib retrace that I did not draw on the chart, from the previous low to high. Sentiment around apple is Poor (good time to...

MikeMM

RSI completely bottomed out, macd turning up, williams% completely bottomed out. Chart continues to make higher lows and higher highs... target is clear. Accumulation almost over.

MikeMM Updated 

This is a 2x leveraged TESLA long position. Bullish divergences shown with arrows. Risk Reward here looks great, and you could take profits along the way rather than waiting for the whole trip. (200%)

MikeMM

One more Leg down to reach a strong support. Perhaps it never comes, and I never buy. But I will be ready to buy when it comes!

MikeMM

I wouldnt throw my life savings in this, but a small bet could pay out big, with a well defined risk setting a stoploss below the recent swing low. RSI trending up MACD trending up and losing sell momentum. Adam and eve pattern forming Giant BAT harmonic pattern completed, with a type 2 return into (Accumulation?)

MikeMM Updated 

I do not think it is too late to reap the rewards, And I do not think there will be better opportunities to enter ever again. I believe oil is starting its third wave. Bullish engulfing candle on the weekly here, and also on USOIL. Long term support held, and failed to break down. There will be consequences for bears. I think it is important to own an oil...

MikeMM

Uptrend has commenced and we have barely begun. Generally inflation has 3 waves, and we have had our first. Rates are only up from here. Next stop is 10% ish and a 618 retrace. Wishing for 5% to be terminal rate was a joke.