Triple bottom bounce incoming? Money printer go brrr. Green = inflation adjusted (negated from price, representing a lower price) Orange = actual market price Of course I didn't take LTC inflation into account. Is it useful? You be the judge.
Recently, I have been trading silver on the SLV etf options due to markets being irrational, so I have been capitalizing over this chart, and I decided I will release it today so that you can have a better insight on silver. If an editor picks this realise that I only have like 400 hours or something looking at charts.
If we gap up tomorrow the market will moon, like as you see the last break. Forget Covid, because the market would have reacted to that on Monday and there would have to be a huge surge in cases for a reaction, which is unlikely. Also, this is very, very important because there are two consolidations worth breaking and a pivot that was resistance but is now acting...
Boeing is fundamentally screwed and on a technical level we have yet another descending triangle. Support for a bounce at $155 is possible but I don't trust this company for much of a bounce after the last rally. That rally was BS. Maybe government contracts could pump BA but not much else at this point. Perhaps a buyout, perhaps nationalization but they wont make...
Given that: For the time being, Bitcoin (BTC) is well correlated with traditional markets. What this chart shows me: Bitcornz on the Weekly TF. 3 major drops since ATH. All the bullish rallies and comebacks to date have yet to really break free of the downtrend, however it's above it longer now the previous times. it's like watching an asset dance on a knife...
Should see a weaker dollar as interest rates remain at or around 0%. This, along with Quantitative easing should start to affect the strength of the dollar. As you can easily see, the correlating divergence trend in the strength of the U.S. Dollar and Bitcoin points to a weaker dollar and stronger Bitcoin.
As you can see the rsi hit 80 on the 1 hr and faded hard end of day. Right now futures are tanking. Lets see if we make it back to the 2600 level and fall through or bounce back up. Rising wedge is a continuation pattern in a bear market. Let's see how this plays out.
Wonder if the 21MA and 200MA will cross in this critical moment of time we are in now and if EGO still has the boom it had in 2008-2010...
Yeah, so money printer go BRRRRR and shiny thing goes up. Thats all for today folks!
$TSLA If we don't jump anytime we will fall deep in to the low $200 and maybe even to $150 in next couple weeks. Earnings result went in the price in the open markt, pre-market it did hold very well like my last post about $TSLA. A lot of downside energy is being made, pump or die $TSLA. You can consider short positions if we fail to jump on Friday. Maximum...