Volume is low in comparison with historic data. Accumulation/Distribution indicates a supportive bull movement. I'd presume volume would remain slight weak, but enough to support the bull. Found rising wedge but who are we kidding.. lol I'm still bearish btw. There's bubble for sure, I just can't figure out what.
Looking for history the last time apple recover so quicly was in 2007 it recover for 4 months then start to droping like hell, the question what justify apple trading at these levels, all fang not only absurd overbought, RSI Of stocks are in the 80, like msft, dis, amzn fb, the question you have to ask is why now? we are in a bull market so quickly you see in the...
And where is it likely to go? Watch in 2 years from here.
I've wanted to post this idea much earlier, but I didn't feel to write, although I got so many to write about with a constant flow of ideas and information that I could write volumes, I try to keep it short and expand it in updates. I do notice nobody gets my updates, you have to click the "Follow this idea" next to the like button, try if that helps... if not,...
Taking a look at the IT sector of the S&P 500, we can see a some-what bubble formation. If you look back at the DotCom Bubble you will notice the same has developed ( High, High Low, High High) before tumbling down. Same as the Bitcoin Bubble. Now, going back to this chart it has currently formed that High, High Low and High High pattern exactly the same as the...
First lets look at Price Scenario 1-Mirrors 2014-2015 crash where bitcoin went somewhat mainstream (but still not too well known contrary to 2017 )to some degree. -Price did 1168$ to 153$, a decrease of 87% -Using the bit stamp bitcoin price high of 19665, a decrease of 87% will be $2555 Scenario 2-Mirros the worst bubble of all time, 2011, where we did a -93.7%...
Hello, I'm as much as you thrilled by the idea of a new bullrun , knowingly that this time, it's going to be even stronger than before. More and more people are joining the crypto sphere and those who got in, back in january 2018 , are still here since then, waiting for the right moment to get their chance . It's going to be massive : some say bitcoin...
Would be funny if this would play out exactly the same way 1930 depression played out..
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It is pretty clear that in order to MSFT To sustain absurd level $120, the most expensive dow component right now, this stock is gonna flush like apple and facebook, all people are currently long msft that dont event let it drop to 20 SMA, You are nuts if you are not selling here, my theory is symple, these is the most overbought stock here, with volatility in 13,...
Important points are marked on the graph. It is interesting to observe if it develops similarly this year.
This sure looks familiar, doesn't it? CRON has a lot more going for it than TLRY, but we still lack justification for this recent rush up. Too high maaaan, it got too highhhh. Notice the uptick in buying and selling volume here recently - this is typical in the end of a bubble cycle. Also notice the downward cypher pattern we are setup to form. Bought a 50...
It can be a challenge comparing the timeframes of two bubbles in TA, when one runs over the course of 10 years vs 2 years. Yet i believe a striking correlation playing out here between two completely different markets in it's own timeframe. As always, both bubbles is naturally fuelled by the same greed and stupidity that is coded into our human DNA . We...
Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially...
Aloha, traders. This post is meant to discuss the market shock today in which the S&P 500 shot up 1.47%, an unexpected turn of events after such a confident downtrend. Upon further examination, however, this rebound should not have been unexpected; a dead cat bounce against resistance made sense. However, I expect the price to touch the top resistance at $2800...
No. TO THE MOON! Thank you for your time, goodbye. But seriously, we have being going up for a while now, I think mainly due to supply issues, and after palladium became more expensive than gold, it has started to go parabolic. We are pulling back now, right at that price that was gold complacency support. I believe either the bubble will pop, or we are going to...
Aloha, trader! Welcome back to another S&P update. If you've been keeping up with our posts, I noted over the weekend that traders should be watching the S&P 500 index, on the brink of a crash. This week, that crash has been playing out, destroying the 2 month bullish rally we've been seeing. Today was a big day for the index, as it needed to beat possible...
Just a brief analysis. There is a possibility that the market will rally higher and that we will see a blow off top, but the DJI has found pretty substantial resistance again above 26000 so we may be about to see the true initial drop of an incoming recession. The December drop was merely the start, and subsequent rally was constructed so that people have another...