Now this an interesting one,
Traditional Markets Closed last candle very bearish as shooting star and with selling pressure,
also we closed below the previous candles close, indicating more bearish momentum,
We also confirmed the 4 drive bearish RSI divergence, which is hefty
After the first bearish divergence we had on the monthly we crashed about 21.13%,
The global death toll surpassed 200,000, and the markets are surging. Nobody would have ever expected this, so let's take a deeper look at all the Corona news events and their impact on Bitcoin. The NY Times shared an article with the timeline of the progress of the Corona virus so far, which I used for this idea.
China reported its first death.
AD Ratio Suggests Birth of a New Bull Market!
Or the madness of crowds.
The Advance-Decline Ratio (ADR) is a simple measure of how many stocks increase versus how many decline. A ratio of 1 means 1 company’s stock increases to every 1 that declines. A ratio of 4 means 4 increase to every 1 that declines.
It is a good measure of the bullishness of the market...
To put into perspective what could happen in the current market climate is always helpful to study historical market behavior.
For this analysis, I am using Gann Boxes a great drawing tool from TradingView.
Although each market cycle is different in duration, boom and bust, they share common characteristics.
The ability to be unpredictable, erratic and wipe...
When analysing daily chart price moves to determine the future direction of a market, it is important to use a good mix of indicators each focused on a telling a different story.
In this analysis I will be using a few of my favourite indicators:
1. Price – the most important indicator of all
2. Volume – the power behind the price trend
3. RSI – Price Strength...
Do you feel it? The FOMO.
Fear of missing out is a common phenomenon, and I imagine it is starting to creep in right about now.
The last few days have seen the market begin to claw back some of its losses, so the key question is…
When should I get back into the market?
To answer this question, you have to formulate the risk-reward situation. To do this let's...
US cases climbed by 13,000 to 68,000 cases (stats from worldometer site) already and it seems like the rally 2 days ago just took a small turn downwards. I still think it will continue heading downwards till either vaccine is released or when the numbers are better controlled. Because looking at the growth rate, it doesn't look like its slowing down and many...
MartyBoots here , I've been trading the markets for 13 years and I have see this Panic before
What is unusual is that the Corona virus could have actually been used to manipulate the masses and even other countries
Who needs real war when you can just create a deadly virus
Anyway let me know in the comments what you guys think
Please like the Video to...
what a time to be alive
doctors worldwide have gone from slowly writing long confusing peer reviewed journals.....TO FIGHTING DAILY TO FIND A CURE.
WHERE DID ALL THE BILLIONS OF $ TO FIGHT DISEASE GO BEFORE?
WHY DID IT TAKE A NATIONAL CRISIS TO FIGHT THIS HARD?
sheep no more.