In yesterday's premium member daily major market (see here) I already warned that a move below yesterday's low at SPX2905 would tell us the market would most likely to go lower. And so it eventually did. I say eventually because,and of course, it (had to) whipsaw hard first when it did dip below 2905 briefly this morning (first mouse gets the squeeze...) only to...
Textbook psychological stages...
Check Twitter TradingView Reddit etc.
Check comments in my ideas March to June 2019.
Baited a few guinea pigs to get that content.
I will make a new idea for all time Bitcoin.
I was using a "capitulation will come soon", but a new idea will be better.
Will release it tomorrow, and link the important Milestones ideas in it.
On Dec 27, 2018 I assumed 2 main alternatives for DJI trend in update to DJIA long term forecast (wave analysis) publication.
On last Friday it became obvious that 2nd alternative is in play. (the most probable outcome)
"2) bear market have just completed 1st wave of bigger drop. so price might continue downward move after a reasonable correction." — Dec 27,...
A quick chart illustrating that even in the bearmarket of 2014/15, the MA200 weekly support was holding. It therefore seems, that this support acts as ultra strong lonterm support,
so imagining how this support will develop, could give hints about the future price development of BTC.
If BTC is to repeat a bearmarket 2014/15 style, it is very likely that price...
I believe manipulation is in full effect currently as these exchanges are trying to cover their butts to liquidate leveraged shorts that have been stacking. As a result this will extend the length of our current bear market, cause a much faster and harder drop and possibly take us to lows lower than previously expected by even the most bearish of bears. Sleep tight! :)
What's up guys, so I've been checking AAPL recently and on the 1M time frame there does seem to be a lot of weakness, now, there are 2 scenerios I find possible,
1. Apple stock will continue with the bubble
2. We'll see a 90% correction followed by a recession on global markets.
Here is an interesting analysis of the yearly picture on the SP500. Contrary to shorter timeframes, where the weekly and monthly show that we could have quite a stockmarket correction this year, the yearly picture looks much more bullish.
If we look at the past very long bullmarkets, we can see that there is a strong fractal similarity of the phase 2000-2008 and...
Allow us to explain what we mean by this chart.
1. The market was in a perfect rising channel from the beginning of 2019 to 1-May. However the index didn't bounce back after hitting the bottom of said channel on 1-May.
2. Still, the market was in a wider rising channel until early June.
3. Ideally for this channel to continue we'd like to have seen the index...
Looking at the DJI priced in dirty fiat might give you the impression that we are close to all time highs. But if you look at the DOW priced in money that holds actual value then you soon realize that we are on the verge of breaking down from this giant head and shoulders pattern.
The white line marked with a white arrow is the center line in a schiff pitchfork connecting the 2014 and 2019 bear market. This line played a role as support before our drop from 6k to 3k, and it is currently playing a role as very strong resistance. We have hit this line twice now and price has failed to break through. Within that same pitchfork just one line...
Notice how all of these fib circles match up so well. Peaks and bottom wicks touch all of these fib rings showing that they are all connected. Using these fib circles i connect and compare both bitcoin bear markets taking into account the current price manipulation pushing up price to liquidate shorts.
We are about to face our 2nd death cross on the 4hr time frame. It's important to note that during BTC's prior bull markets, BTC never received back to back death crosses on the 4 hour time frame within such a short time span. The projected distance between the death crosses is roughly 28 days. Again, this has NEVER happened in BTCs history of bull markets.