Evergrande again at the end of the year and I’m starting to believe this is it. We might get one big pump only for the whales to fill their shorts but the market has topped out imo. I will be looking to short btc at 67-68k and hold it to 40k at least. Market showing so many top signs and evergrande is just the trigger to break down. In the very least get ur money...
✅ALIBABA is trading in a downtrend
Following the company's falling out of favor
With the Chinese Government
And fueled further by the Coming Evergrande collapse
That will drag China down with it
Today, the stock gapped and fell even lower
On the earnings news
However, a massive support level is ahead
At around 128$...
I think $BABA likely bottoms around here, the 14 week down trend signal that predicted this decline reached its final week and price will gap down into long term support from the all time 25% speed line for the whole advance from the bottom to the top. Sentiment had reached critical levels for equities last week already, and there's a path out of this mess with...
summary of the potential market crash 2021-2022 analysis + why
•Short↘️🔻(waiting for the right time)
written on: 20:26 Thursday, October 28, 2021 (updated on Wednesday November 10th)
Central European Time (CET)
S&P 500 Index (and the entire market with it)
We broke out of a rising wedge a couple of
weeks ago. On the 3rd of November, we broke back...
Fortescue has been in a steady downtrend since the drop of iron ore prices in August. Since October, however, it was able to hold support at around 14 over and over again. With the recent drop in SGX:FEF1! this especially notable.
I am fundamentally bullish on Fortescue due to its fundamentals (balance sheet, green hydrogen ambitions, autonomous hauling) but...
As you probably know International investors are watching this like a hawk I can honestly see 20.21 call me crazy but you'll see.
If you can't find me on TV I'll more than likely be here - maverickpartners.wixsite.com
It's always been a dream of mine to have a creative space where artists, intellectuals, entrepreneurs and activists could congregate and meet. High costs of living made this impossible but we might be able to do something similar in the #metaverse, which is the next best thing.
I've already seen some amazing stuff in Decentraland and Cryptovoxels despite it being...
Evergrande is mostly being discussed only in a relation to the fall of Alibaba, or the rise of JD.com or changes in the Chinese economy.
However, somehow it doesn't ring the bell that when such a Chinese giant falls, and eventually doesn't seem to go bankrupt, that it's a possible golden mine for the future.
Currently EGRNF (which is a US equivalent of 3333) is...
Weekly timeframe bearish signs for a mini mid November correction?
The greed/fear index for BTC was at 77 points "Extreme Greed" yesterday, today sitting at 70 points "greed". Remember the old saying; sell when there's greed, buy the fear?
A picture is worth a thousand words. This is good news for the "Metaverse" and crypto as a whole, since it shows that traditional assets and crypto assets don't necessarily correlate.
MANA is the "virtual real estate" coin that Decentraland uses, where as that line slowly sinking into nothingness is Evergrande. If we see a similar pattern emerge in other real...
I did a video version of the editor's pick idea (link below) with more details and a more holistic look at what's been going on in real-estate, politics, and crypto.
What happens next is anyone's guess but underlying trends tend to show that the crypto market itself will probably be OK, if not bullish. Some notes from the vid below:
- Inflation is here to stay...
The S&P has almost followed my previous chart perfectly. Although it created an I HnS rather than a double bottom as I expected. Nevertheless, the evergrande was a great buy opportunity. I see the S&P retrace slightly now, creating another buying opportunity before the run-up to a new ATH at 4678. So be ready for those of you in the stock market. Good days...
A 3 month chart of the returns as a side-by-side comparison. That red line slowly sinking into nothingness is Evergrande, the lines in the middle are GameStop, AMC, and a random ETF I found on the real-estate market here in the US.
How the Evergrande crash will affect the US markets is yet to be seen (it'll probably take at least a business cycle or 2 before the...
Inflation is here to stay. Part of the reason why the government was caught off guard was because the US has been offshoring manufacturing for years now and is no longer looped into things like supply chain issues that are happening thousands of miles away. What's likely to happen, and how can crypto benefit from it?
Latest update on the Evergrande fiasco. It's looking like this could be much bigger than even the alarmists have been speculating so far.
tl;dr - the US media is very poor at covering foreign news, especially when it comes to money. Be wary of what you read out there.
China is likely to let Evergrande defaut, which will stand in stark contrast to what we did...