Same for bitcoin.. should head to final 2 destination.
The bears are stronger and fake out buys came out well..
Lots of consolidation zone and bears are making it’s time to drop.
Bottom hits I see is around 600-250 area.
This isn’t financial advice and trade carefully..
2023-2026 target: 6000-10,500
How high will it go until it hits the bottom ? Your ideas below
Big crash is coming as the halving for bitcoin is around the corner.
The resistance are strong and still very bearish , should expect new lows and lower.
This isn’t financial advice.. please trade safe and becareful
I found a lot of similarity's between this crash and the 2008 financial crisis stock market crash.
Quick TA summary:
1. We have the same kind of downwards parallel channel
2. The chart of the 2022 crash so far fits pretty well into the 2008 crash, the chart of the 2008 crash fits pretty well into today's chart.
Quick Fundamental summary:
There are so many reasons...
I got scared when I saw this chart... Maybe that is why Jeff Bezos is planning on laying off a lot of people...
Let me show you.
AMZN right now is trading right at strong/long-term support.
This critical support is the consolidation box/range from June 2018 through March 2020. This is marked light blue on the chart.
Now, we have strong bearish signals developing...
Demand always rules supply. Always.
Short-term projection = TBD
Mid-term projection = bullish
Long-term projection = bearish to extremely bearish
I have been quick to point out the tremendous amount of disinflationary data in my videos which leads CPI reports in some cases by as much as 6 months (i.e. -rent). Now, let's take a closer look at the...
The VIX will spike again, nothing to do about it.
Fundamentally, a perfect storm is brewing.
We had/have many events in the markets:
- Covid Pandemic
- Supply Chain Disrupted
- Ukraine Invasion
- Russia Sanctions
- Inflation Spike
- Energy Crisis
- Global Drought
- Interest Rates Hikes
What's next, a full-blown WAR?
Dow Jones industrial average index has lost its February 2020 support. As this support did not hold i am convinced that the oldest US index has begun the great depression, not recession but depression. You can already see what fiat pairs with the USD are doing.
The run up was just phenomenal to say the least. We've been essentially parabolic since 2009, with the...
This trade idea is supported by multi-timeframe analysis, trend continuation and market structure. All key components of sound price action trading.
Going into the trade setup, Gold is trading "flat" for the day (price is equal to the start of the day). However that doesn't tell the whole story, throughout the Asian session the market traded up and tested one of...
For those of us old enough to remember the glorious movie, The Godfather III, there is a thrilling scene where Michael Corleone (Al Pacino) explains...
“Just when I thought I was out, they pull me back in.”
You are Don Corleone in this market.
You are positive; you are by default a bull; you want the market to go up.
You have fear of missing out (FOMO) if the...
If history is any guide...
It can go to $0.69 just for the memes! Wish to the moon! don't try to outsmart Wallstreet just try to think like them.
I have been wrong 100 times with this one! I just don't want to be 100 + 1!
This is what true risk/reward looks like! Everybody is scared to death and the majority sitting at > -70% losses...
Please do your own...
The highest point and upcoming Feds meeting are coming next month.
The inflation still ove mr 40 year high , unemployment is increasing , Russia and North Korea teaming up against Ukraine using nuclear weapons.
US economy are now crashing…
This isn’t financial advise. Please save lots of money as possible.
WE ARE IN A RECESSION
I think that in mid-November we may be dealing with a stock market crash. Let's take a look at the volatility index of the S&P 500 stock index. The analogy of 2008 has been fulfilling almost perfectly so far. If it continues, the price should completely fill the gap and rebound from the green zone. If we break the red zone, I would expect a rebound from the newly...
Today we'll be looking at some of the things i am concerned about trading the current bitcoin price action.
I have written most of my thoughts in the charts.
Some other things you should keep in mind are -
Bitcoin dominance has acted very suspicious since the dump to 20k its not giving me confidence.
Ether dominance has gone up significantly and has...
As Ethereum continues its decline inside this descending triangle we have now touched a major line I have drawn in this channel... If this does not hold you will see the local G-Wagon at your dealership going at about a 40% discount...