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...
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...
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...
in the past days , NASDAQ broke it's main trend , Nasdaq went down today after a failed attempt on the re-test of the all time high level and this could lead to the next 2022 Financial Crisis It is absolutely the worst time to invest in US stocks as the tapering still not yet there. IN OVERAL : NASDAQ bearish
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...
As we can see, we fall on the 61% which is often the dead cat bounce level or the B wave in Elliott Wave. The stock market is probably ready to make a major correction soon the Evergrande news can make it faster. And we have to remember we have some single print in 19.8k to 21k (this is price was hit only a single time which market often retest.) without talk...
Here you go. got rejected. also rsi over bought. bearish 1H needs cooling
new entry idea. aggressive entry at retest of golden pocket
bitcoin is in very interesting place. all eyes on btc
A Series of Valuation Signals produced by our models on a range of AUD pairs show a potential downside move about to hit AUD/USD. Our analysis shows Chinese Credit Default Swaps are the top driver negatively impacting AUDUSD, which have been uplifted by the recent Evergrande Crisis. Since this macro driven signal emerged on October 2nd, 2x Hidden RSI Divergence...
At this point, bitcoin can either start ranging between the levels I marked as "Jude's resistance" or breakout and consolidate above it. The second option is for the bull case. The first one leaves open both scenarios. A sudden breakdown and consolidation below 40k would lead to a cold crypto winter, with retest, and maybe breakdown the current Microstrategy...
just a idea for how this is going to play out. Strong long
Bitcoin made just new bottom at weekly. long time resistance is now support.
The charts right now look almost identical to the march 2020 crash. We had a drop of 55% from the high. Followed by a run up and then a golden cross. Crypto markets per usual are heavily manipulated. Honestly wouldnt be surprised to see a repeat of march. If we did see something similar we could see a quick drop to 19k. Thank you for viewing my post!
MADE IN CHINA - - - - - - - - - LOL China doing Many FUD to bitcoin, but Evergrande Dump verry hard