On the left we have the daily chart, and on the right we have the monthly chart. Yes, the month isn't fully formed yet. But the monthly chart illustrates a top trend that casts a shadow of doubt over the daily chart that I wanted to point out. Look how this earnings breakout was smacked back down below the blue top-trend. Also, note how volume and RSI during...
APPL meltup is the bullmarket's dying breath of euphoria. Prepare for the crash of crashes as tech stocks come back down to reality
Please know this is speculative and not serious. Please do not trade beyond meat lol. I'm not responsible for your loses/emotional distress. I was just bored looking at this sh*t show, when I noticed an interesting pattern that could play out. Bearish 5-0 Pattern (See link for rules). **I removed all the fibonacci retracements to make the chart look clean** The...
Blue: M1 money stock. Contains liquid assets unlike M2 Black: S&P500 being artificially propped up by the federal reserve and its "large scale asset purchases" aka money printer. Fed pumped the same amount from 84 to 08 and 08 till now. Entire market is a bubble. Feds experiment is going to pop. Buy Bitcoin
Hi guys, I will be presenting a trade idea that is of a much larger scale. This trade idea involves predicting the next recession - something that is at the back of almost every investor's minds. I will be proposing an open trade at 45.06, which is represented close to the fibonacci 0.786 level, a stop loss at the 51.94 level (which is close to the previous...
27% of tesla shares are sold short. Price is surging, sellers are going to cover. After that happens, and maybe some hesitation, it may be interesting to short sell this. Links to check %floats of most shorted stocks on the US market: www.highshortinterest.com www.marketbeat.com Something like this can happen so let's first wait for short sellers to get...
just trying to keep the bull dream alive....
Organic growth seems nowhere in sight as BTC continues to make parabolic moves fuelled by questionable means. Some say the entire market is simulated and just being held up by Tether and Co. Rampant manipulation and wash trading keep Bitcoin a niche asset which is far from worldwide adoption. Here is my analysis, you'll see the use of a Schiff Pitchfork and...
Well, you already know how I feel about all of this and how this has come about. If you read my other idea, tether has actually printed another billion fake dollars in the meantime and injected it into the system and actually are buying bitcoin with it... No bull was telling you that about that, right? There are major fundamental problems with the underlying price...
hate to say it as I am an amazon prime member
Let's assume 8950 was the top, or very close to it. Just to be prepared in the eventuality people that shorted at 8800 ish are not going to get liqudiated. Never know... Want to have a look at BitconnectCoin previous bubbles or in other words months of June & December. 1- June 2011 2- December 2013 3- June 2014 4- December 2017 5- December 2018 6-...
The correlation in volatility and direction is measurable. Confirmed with the opening of markets tomorrow which is bound to be volatile once again. the orange line is bitcoin.
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Long term prediction on this volatile asset BITMEX:XBTUSD
Before start reading on; this chart is inverted. More on that later Interpretation According to Mike Maloney, the S&P 500 dividend yield curve is the second best way to measure a stocks value (after the Shiller S&P500 PE Ratio -made a post on this, go check it out). The ratio indicates how much a company pays out in dividends each year relative to its share...
MSFT is one of the only tech stocks that has made a significant higher high since the December 2018 selloff. I posted a short trade setup back then, suggesting that it would be unwise to short until the recent low was breached. Indeed, MSFT defied my original expectations and headed up, even breaking new highs. Due to this, it is one of the assets that is furthest...
Elliot wave patterns always move in the same specific way. In a 5 wave pattern which will inevitably be followed by an ABC correction. The textbook example of the pattern is shown right below the monthly Dow Jones Chart. The Dow Jones is a compilation of the top 30 stocks. A crash in the majority of these stocks would rock the global economy in ways that we have...
With BAkkt set to launch Bitcoin Futures next month, it moved from 700$ which was expected with the FOMO. The dominance has been significantly rising in January 2019 and made a strong uptrend movement. However, with the fear index rising we can expect a drop in the dominance which can be good for altcoins and also for institutional buyers, as it can be also...