WMT has been in a bottoming formation most of this year. The big gap up was HFTs taking advantage of those who trade on earnings news. Notice how quickly profit-taking follows. The all-time high is strong resistance. Walmart is one company that is stating it will face revenue and earnings problems due to the Trade Wars and new Tariffs on the Chinese goods it...
For the first half of 2018 BTC has been in a major bear market, but this was expected and warranted given the massive rally 2017 had for BTC. The thing about manias, crashes, and the market in general is that nothing is new. No matter how "different this time" it seems, it really isn't. This is because human psychology is the same, we continue to be extra...
Hello guys, XMR has reached it's bottom and if 150USD stays unbroken, we can clearly assume it. It may move to the upper downtrend line in few days. Target date is around June 15th. As you can see, there is always 50 days between each high. Let's see if this pattern plays out again ! If so, there is a nice 20% to make ! :) BUY : 150 - 160 SELL : 200 - 220 STOP...
I needed to publish this update ASAP Please NOTE The BIG RED ARROW is what is coming We did NOT bounce of 400 on the last dotted black line (we bounced off 500 ETH) It mentions the drop that happened at 2 am (Not room there to fit everything, sorry) On the far left, you see a note about a little rise That's what WILD THEORY is all about History repeating Team...
The rate of change shows that the worst might be over for now. The index could break above the 0.618 Fibonacci retracement at 2743 and then breakout beyond the 0.786 retracement at 2800 and move higher and higher to around 2830-2835. I modified the "KST" indicator (Know Sure Thing) settings and the result is that the momentum has broken above the zero line, which...
My long-term preferred count indicates, that a long-term low could be in place with the test of 0.7410. A clear break above resistance at 0.7567 will be a strong indication that this is the case. If my long-term count is correct, then wave 2/ bottomed with the test of 0.7410 and a new impulsive rally is about to begin in wave 3/ for a rally to above the peak of...
If we just poke the main bear trend line there is alternative to go lower to 5K - 5.5K. Keep Stops tight.
Great evening everybody, yesterday I made a recommendation on when to short BTC. Everybody who followed my advice should have made some money. Enough of the self-praise though, let's get to the analysis. By now you should notice that the similiarties between now and 2013/2014 are NOT neglectable. It's pretty obvious that BTC is moving much faster...
I went back and studied the 2014 crash pattern which is eerily similar to the 2018 crash pattern. By looking at the post-crash price ranges of 2014 and doing some simple math I was able to make some similar forecasts for the 2018 pattern. At the absolute extreme bottom the 2014 price dropped to 15% of it's all time high. $1175 x .15 = $176. Some BTC was sold...
I read a lot of panic tweets; BTC to 4 or 2 K... Yes that could be. But when I look at the trendline (red) BTC is trying to close above. And the bottom Fib of the last uptrend looks like a good support. Could be a THE bottom!
Okay so we care currently bouncing back and forth of two fairly strong trendlines, just recently bouncing perfectly off the top of the new resistance line , making it 3 widely separated touches and confirming the trend line. While we have side=ways movement. we are also pushing into the end of a very large descending wedge pattern, which we have been in for some...
Retailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE,...
VLGEA is a boring business. It operates a chain of ShopRite groceries stores across PA, NJ, and MD. The company averages a modest 6% sales growth CAGR and has paid a dividend every year since its inception in 1965. I like investing in boring businesses. Stable, consistent returns on shareholder capital can have tremendous compounding effects. VLGEA sits on a ton...
Could this be the last downwards wave for Ethereum and Bitcoin (and all the others) ? Good news from SEC hearing yesterday seem to promote a soon to come healthy recovery for cryptos and we might soon see the bottom of this quite frustrating bearish movement. Is my buy zone too low in your opinion? Should I scale it a bit earlier? Thanks for reading and sharing...
ENDING DIAGONAL PROGESSING. UPON COMPLETION NEW BULLISH TREND EXPECTED TO BEGIN.
Goodmorning! BTC is moving upwards in count 4 of 5 corrective C wave down. expect failure of rally at max 12400.00 whereupon BTC is expected to turn sharply down to complete Wave C correction. Upon forming the expect coming low look for BTC to next start a new structure moving higher solidly. We will need to look for evidence supporting a trend reversal once...
With the rise in altcoins, XMY took the opportunity to find a new base higher. Community growth and additional exchanges will push this much higher. I will be picking up some more shares at this level.