Hey guys, my first chart was deleted for adding my social media profile links at the bottom, so I'm re-uploading this one.
I was #1 in Trading View for a while. Hopefully I didn't violate anything on this one...?
I'm sure that you've heard that CNBC is a good contraindicator, well I decided to put it to the test.
Continuing with my previous plan (The GAP), this stock is still going to make attempts at $50.
Here are some places where I am looking for a reload of either a shorter term play and/or more of a positional play, IF, the move doesn't just continue down to the original target LO of $50.
As much as I do not follow text book setups, sometimes they do match up...
Although there will be a counter move somewhere/some time against this recent push up, I'm more willing to be a buyer on weakness into the GREEN zone shown -- just as long as price doesn't cross over 7650/7700 beforehand. Should that happen, then retrace entries get tricky for me.
Overall, I still expect price to move up to First Target (7650), Second Target...
As usual no one can predict the exact time BTC is going to make a move (up or down) and if everyone keeps saying we're going to fall down a boring sideways action occurs that lasts until people start to wonder if maybe we have already hit the bottom.
Newsflash: we didn't.
What we're looking at right now is just another boring descending triangle that is about...
The old adage , buy rosh hashana SELL yom kippur, couldn't come at a more perfect time. Even the veterans on wall street like ART CASHIN stated that rosh hashanah buying began earlier than expected. That's bad news for anyone that held AMD. Why? well, for one, markets gone down in general so not good, second, AMD just had an incredible parabolic run and what did...
Check out this news on Bitcoin today Sept. 5th. All credits going to CNBC. Goldman Sachs did NOT settle for the price of Bitcoin. Like I said... too expensive for banks. Retail traders will settle for anything. Not a Investment banker that has back to back months of winning trades for years. Maybe GS will come back to the table at a better price like $1100 or...
As far as indicators go, this one apparently cannot be broken.
Even if hundreds of thousands of people saw it.
Even if it was retweeted 600+ times.
CNBC is THE contraindicator of 2018.
Two bullish tweets given yesterday as it broke above $7,000 were the perfect opportunities to short Bitcoin.
A 4% drop in price followed and CNBC continues to reign supreme.
After making it to #1 on Trading View, I decided to post one of my real charts. The only thing we need to confirm it is a strong CNBC Bullish Tweet.
On the daily, we've got a MASSIVE descending wedge forming for a strong move to the upside.
On the 240 and the smaller time frames we've got two bearish patterns forming.
The first pattern is a rising wedge...
Hello, tired of checking hundred of charts and forums etc?
No problem, CNBC is making it easy for you, calling people to buy at top's on a daily.
Not much explanation needed here, this is really simple and straightforward.
This could save us alot of time, with CNBC we can get trade setups quite often.
It is sufficient for someone trading stocks "on the side" as...
After XRP has been hovering around the $0.90 region for the last week or so it finally broke to the upside smashing straight through the $1 region and straight through my descending trend line with a 4hr close above and a retest showing me the coin is about to take off!
The MA's on the 4hr are bullish and on the daily they are about to crossover to the upside...
If the corrective wave 4 is concluded, and it looks like it is, the target for BTCUSD is minimum $6000.
If the correction is not over, then what is wave 4 for now, will become wave A, and we'll see wave C going below $3000, then wave 5 will proceed with slightly lower target.
The structure of BTC movement during last years is perfect, textbook Elliott...
Stocks in global terms have fallen by 0.8% since we marked the markets for the first time this week. For the year-to-date, stocks in global terms are actually down 2.2% while stocks here in the US as represented by the S&P are up 1.7%. Further, the bear market that began in late May of last year when our International Index hit 11,185… its all-time high…is now...