Hey guys! ItsQure here with another hopeful short for the next 2 weeks. SPX caught me off guard today the bulls on wall street are pumping the price in order to reach the fib retracement. However, there is no way the bulls can hold up the bubble of the economy for another week! IT WILL FAIL before getting to the .5 retracement value of 2795. We must to test the...
touched exactly 0.236 fib zone now we go down I would buy between 4k and 1k Nothing is certain we might get btc to pump because simply it's btc but nowadays with corona virus hitting the economy I see us push more down. Noonetheless I am a long time believer of btc. Health is more important than wealth.
The rubber duck formation is a classic and widely used chart pattern for professional traders. Here we have a depiction of Moby Duck lost at sea, trying to stay afloat and out-swim the inevitable tsunami coming it's way. Will he out-weather the storm? Stay tuned and make sure to follow for important updates on Moby Duck's venture through the unknown.
Can't believe I almost missed this obvious chart pattern forming! The bar chart is clearly showing Donald Pump doing a curl with a $2 trillion dumbbell. I outlined it so it's easier to see. Will this be his final rep, or will he return to the arena to once again face-off his ultimate competitor, the US economy? Stay tuned and make sure to follow for updates!!!
We have the chart here that shows the beginning of the Great Depression in 1929. Do you see it? Compare it to the current dow jones history. I see an almost 1: 1 same course. Well, just a little suggestion. Tip: After that it went down another 3 years.
Going further south as bearmarket is still far from over. Be careful going long during markets like these. Wish you all best of luck and trade.
With SPX currently trending up it has 3 strong resistance levels to test. I expect a rejection at one of these key levels: Resistance 1: 2650 (38% retracement) Resistance 2: 2800 (50% retracement) Resistance 3: 2935 (62% retracement) Many are trying to "buy the dip" in anticipation that the recent lows were the bottom. This bear market rally wont last as...
Do we continue the bear market this week? Or do we rebound? I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one. We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the...
Ticker: SPY Position: ~ April 17th expiry ~ $255 Strike Puts ~ Cost 12.32/ Contract ~ Delta = 0.41 ~ Break even at expiry = $242.68 ~ Run 1x contract ~ Total cost = $1,232 (there may be variance in price) Profit/ Exit: ~ Initial target is a gap fill around $230, at this point i will roll the position to remove some of the risk and retain exposure to a...
The price has gone way above the channel. I'm not exactly sure what this means. Do I re-draw it? Or is this going to come down hard? The way the market is now, it looks like it's going to slide way down to around $220.00 Please let me know your thoughts.
with the possibility of bear market holding cash could be a better alternative to ETF'S in this index over the next 6 months until price is within the rectangle above. Historic bear markets www.nbcnews.com
EXPECTING A BOUNCE HERE, BUT THE TREND IS MASSIVELY BEARISH! THE CANADIAN LOONIE IS THE WEAKEST CURRENCY IN THE WESTERN WORLD, EVEN WORSE THAN THE AUD (IT MAY NOT SEEM IT YET, BUT JUST WAIT!) THERE IS A GOOD CHANCE GEORGE SOROS IS BETTING ON A CURRENCY CRISIS HERE JUST LIKE ENGLAND IN THE 1970s!
Within next week or two we should see the wrap up of the fierce decline we saw. Wave 4 seems rather shallow so might spend most of next week going up to complete wave 4 correction. However, there is still a chance we continue lower straight into wave 5 to complete the decline that started end Feb at the two potential marked targets, and possibly this conclude the...
1929 - Crash 2000 - Crash 2008 -Crash 2020 - Crash Which of the prior three major crashes most closely resemble the 2020 crash? Certainly, not the 2000 crash, the initial drop is of equal magnitude, however the 2000 crash took over 365 days to reach that low from the highs, the 2020 crash has plumbed lower than 30% in just over 30 days. Similar...
Ladies and gentlemen, i'm back again. PLEASE BEFORE ANYTHING ELSE : CLICK ON THE LIKE BUTTON AND FOLLOW ME. YOUR SUPPORT IS VERY IMPORTANT TO ME. Now, let's begin with some serious stuff and recap everything in BTC since 2017 . For most of the crypto-space, yesterday was a terrible day. Maybe one of the worst there has ever been. For me, of course it...
Market Analysis BTC appears to be stabilizing after the 40% crash last week on the 12th of March. Unfortunately, many investors lost a substantial amount on this day. However, there are ways to still turn a profit or at least avoid large losses during bear markets. It goes without saying that it is much easier to make a profit as a day trader or even as a swing...
Long term Short position. From May 2019- $60.00 July 2019 $240.00.... There will be a correction. We have a obvious head and shoulders pattern that has unfolded for BYND. For target price.= height of head to neckline x 2.