Someone asked me if I was bullish on this..So I looked again..and saw the inverse head and shoulder pattern...
This one went down with a vengeance...volatilility noted by long wicks and tails on the candles..it does appear to be fighting though..
Falling wedges at the bottom of a downtrend can be bullish when price breaks up and out..
There is a bullish divergence on RSI as well..
It has been bugging me because everyday last week there was large effective volume and a pocket pivot. I mean 5 out of 5 trading days last week which is definitely significant.
Looks like tweezer bottom x 3 and there are some long top wicks trying to break through the R of the neckline noiw that I take a long, hard look at this one...
I guess I was thinking BTC took gold's place, but maybe not..dunno. Sometimes we hear things over and over and that is when we start to actually believe the things we hear. Maybe that is what bubbles are made out of? dunno.
Maybe digital currency will not throw gold out the window. I do think our dollar is very weak right now though.
Maybe we will not all be driving an electric vehicle by Christmas?
Maybe we will still have a power company instead of solar panels on our roof at the end of the year..
Maybe home sharing will not put all of the hotels out of business??
Perhaps marijuana will not replace traditional pharmaceuticals that are in use and replace alcohol as the recreational drug of choice?
And maybe, just maybe, we will still go on vacations to places on planet earth verses outer space...
Dunno..maybe it is BubbleNomics and we are all starting to believe it??? Some dreams are pleasant, some are nightmares though )o:
A bubble is not always caused by the market being a overly optimistic on its assumptions. Bubbles may possibly be caused by a fundamentally different thesis in which the general view is that X stock will take over the world.
Not a recommendation
This one went down with a vengeance...volatilility noted by long wicks and tails on the candles..it does appear to be fighting though..
Falling wedges at the bottom of a downtrend can be bullish when price breaks up and out..
There is a bullish divergence on RSI as well..
It has been bugging me because everyday last week there was large effective volume and a pocket pivot. I mean 5 out of 5 trading days last week which is definitely significant.
Looks like tweezer bottom x 3 and there are some long top wicks trying to break through the R of the neckline noiw that I take a long, hard look at this one...
I guess I was thinking BTC took gold's place, but maybe not..dunno. Sometimes we hear things over and over and that is when we start to actually believe the things we hear. Maybe that is what bubbles are made out of? dunno.
Maybe digital currency will not throw gold out the window. I do think our dollar is very weak right now though.
Maybe we will not all be driving an electric vehicle by Christmas?
Maybe we will still have a power company instead of solar panels on our roof at the end of the year..
Maybe home sharing will not put all of the hotels out of business??
Perhaps marijuana will not replace traditional pharmaceuticals that are in use and replace alcohol as the recreational drug of choice?
And maybe, just maybe, we will still go on vacations to places on planet earth verses outer space...
Dunno..maybe it is BubbleNomics and we are all starting to believe it??? Some dreams are pleasant, some are nightmares though )o:
A bubble is not always caused by the market being a overly optimistic on its assumptions. Bubbles may possibly be caused by a fundamentally different thesis in which the general view is that X stock will take over the world.
Not a recommendation