Giorgioversace

2018: year of the "every market correction"?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi traders,

I am almost feeling sorry for recently posting so many negative TAs, but believe me if the markets were showing bullish signs i would post bullish TAs
One of the few rare market i see with possible incoming bullishness is gold            
Btc             is a bursting bubble, Amazon is possibly ending up its Bubble parabolic raising pattern (though the parabolic uptrend might not be finished now, it could have slightly more room to raise), exact same comment for Nvidia             , Nasdaq Composite             shape is not encouraging (lots of its listed companies are producing dangerous parabolic raising patterns, the list is very long), and of course the Dow is not looking good too (the pattern is very similar to the Nasdaq pattern).
It is to be seriously considered that we could have this year a sort of overall corrective market correction as yes, i will say it, lots of markets and stocks are currently overvalued to very overvalued.

Good luck and trade safe
Comment: Amazon had still indeed some more room to raise, though it seems now to be starting its last parabolic phase :


Nasdaq has also some more room to raise as the last parabolic phase did not start yet :


Bitcoin is in big trouble with the rest of the cryptocurrencies
Agreed good ta. Have same thoughts
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Not all of them. Look at XAU/USD ;)
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@singhizhem,
yes, read my TA xD
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