Food for thought on this recent run up on Ethereum COINBASE:ETHUSD
Here I will share my opinion about the mother of market crash, this is all about the global economy, I want to explain a little what is meant by michael burry, this has to do with elon musk and bitcoin. Michael Burry once said: we will witness the mother of all accidents, in the midst of the greatest speculative bubble of all time. Then what does this mean?...
While many of you might be surprised to see anyone being bearish biased on NETFLIX of all things, I say that my bias has some solid basis underneath it Firstly, let's deal with the elephant in the room: the whole market is a massive bubble with SPY gaining more than 100% from the Lows of the COVID crash, and NETFLIX gained 104% One might say that gaining...
As far as popular reversal patterns go, ascending triangles are no bottom of the barrel. Although I still am a new trader, I have been committed to the market for just over 1 year. With that said I have been watching LABD/LABU in proximity of market trends. When the overall market is bullish I trade LABU with success. When Market is bearish I trade LABD with...
A lot of you don't want to face the truth, but somebody has to be the BEARER of bad news. Don't shoot the messenger! :D
10 820 cryptos... 99% of them are completely useless. Nothing last forever, especially shits...
AAPL forming a powerful set up. This maybe be the begging of the end of this bubble.
Some may not be aware of the importance of lumber price movements. Basically lumber rocketed like nobody's business, then crashed (>50% correction) pretty quickly. This post is not an analysis of why lumber prices rose so crazily. Viewers will need to do some background reading. The collapse was the worst seen since 1978 . That's something to chew on. In...
So as we all know, we're in a bubble right now. Now we know that, what would be the best thing to do? What if you're on a dollar cost averaging strategy and you know we're in a bubble? First of all, you can ride it out. This is the default strategy and there's not much wrong with that. Secondly, if you're semi actively watching the market, you can try to...
Summer is hot, And the bubble just popped! Sit back and enjoy the ride! Great things come to those who wait! After breaking the symmetrical contracting triangle It's certainly text book To retrace to the lower quadrant of that triangle before next run Minimum retrace acceptable for me is 9.5k around the 0.382 Maximum retrace speculated to be around 7k at the 0.236
---------------------------------------------- REMINDER ---------------------------------------------- We did a few months ago an analysis on the S&P500 chart based on some behavior patterns, which would trigger some results, we marked some crash zones, but the fundamentals have changed this past scenario. What is the reason for this change? The big dollar...
Generally, 3 touches on a trendline can be considered as valid...
Dot Com ver2? 1929? Great Depression? The NASDAQ has risen significantly this year however it is quite possible and potentially likely we are near a top of the market. The Dow Jones (US30, DJI) has dropped significantly over the last few days where its ATH was 35042 dropping to 33400 The Dow made a lower high at 34835 and is heading towards the 33400 zone. Dow...
1 Hour seems to give an indication of going higher to test all-time highs again. If we lose 13900 I think we go lower to test the trendline support
Last week I blasted out my own take of what was happening in the Crypto Market. Specifically with a variation of this BTCUSD chart. I began to explain the bubble what caused it, and most importantly what this pop will look like. A delightful follower send me to look at the Wykcoff Method, which led me down a rabbit hole that really allowed me to zero-in on this...
Swayzepunkz is short on BTC/USD . This is what a bubble looks like. It started at the beginning of COVID and took off again in the $GME frenzy. Many players made this huge. However, bubbles pop, and people suffer. I believe this to be true with Crypto 110%. . As you can see, the bubble began the pop, about 49 days ago, and dropped a whopping 50%. . I know you’re...
$AMC has soared to new highs on the reopening of the economy around the world and the resuming of normal gatherings. Increased sentiment that movie go'ers will return with record spending in 2020/2021 has caused the price to increase several fold. We have identified this as a 'price bubble' for the fact that tent pole movies have not yet been released, and AMC...