The perfect cocktail exists currently as all of the below are relevant:
Asset Bubbles - Valuations are distorted by any Metric.
Political Events - Uncertainty continues to build.
Natural Disasters - Warnings on many potential Events.
Bankruptcy - The Federal Reserve is buying JUNK.
S&P 500 is forming a rising wedge which will be a nasty drop in all markets if it plays out. I will be looking to buy the dip, but im going to wait till I see a proper bottom forming. With covid, all the money printing and the general boom we have seen in the market lately, a correction is due (might even see a flash crash).
This may also affect the crypto market
Historically September and October have been very dangerous months for the Stock Market and combining that with Fibonacci numbers and moon cycles you discover that there is a moment in the future were all of it comes together for one glorious ball of fire. Sept 27 - Oct 8 Perfectly aligns with all of these coming together. Not to mention the excessive amounts of...
It was quite a shock yesterday but you shouldn't have been worried if you are following my chart properly. As for those who are new trust me, believe me when i tell you something important that no one would. You don't have to fear anything. Don't get scared of this slight pullback. Look at the bright side you weren't fallen from $64k but just mere...
Not a Fan of Drama(s). Consider this antithetical to Drama.
Safety, a great deal of it is being bought in Size.
Both, The Federal Reserve and the Unites States Treasury are removing
it at a rapid pace - Liquidity.
This would appear counter-intuitive as the Equities Complex continues
to make ATH after...
A very cluttered chart but it paints the necessary picture, we've seen that flash crash on Gold this past Monday and a lot of traders feared buying because they believed price will trade higher, but we had so many confluences to go. Now we see price retracing towards the Relative Equal Lows it failed to break for almost an entire month. It is pivotal to watch how...
A simple set up on Gold here. I am anticipating a drop down to the low of the flash crash we experienced at the beginning of the week. The 1680 region is the low of 2021 which was visited twice in March.
Price appears to be holding under the H1 200 EMA at the current area of support/resistance (this are is more evident on the H4 timeframe) and so i anticipate a...
What a night. After gold lost more than 900 pips in an hour, gold pared its losses back to 1750.
We have 2 scenarios in play; either bears want bearish continuation and want to test the monthly bullish trendline that goes back 3 years ago, or we have a big a$$ W-formation targeting new ATH.
Not a great setup to trade and too risky for me, so...
As BTC corrected as it suppose to, it caused a sudden and quite unexpected flash crash across the market, followed by another accumulation that took us slowly even lower with altcoins. Lots of people got shaken out and over leveraged accounts liquidated. For those who made it out alive ;), expect the green days to come. That is of course if btc goes up, which it...
Good afternoon, from looking at this chart of BTCUSD it can be easily depicted that bitcoin has been losing bullish momentum. It just tested 57150 resistance and got rejected. If unable to break, a downturn to 40k is reasonable. The area where the two trend lines intersect will be a dangerous area to fall into. There is also a downward curve forming.. let the...
Even though im bullish for the long term, there has been many social and economical events that indicate markets are about to be shaken.. Now the charts are telling that we are going to catch some demand orders a bit lower, any correction or impulse is in a straight line, so bear that in mind before placing your orders.
On BTC we have a bearish divergence with...
A hidden bullish divergence is when the price makes a Higher Low but the indicator makes a Lower Low, having said that..
Be aware on a sudden rise on the Dollar and a shakeout on other markets, maybe we could be talking about a flash crash here.
Remember the stimulus checks have been delivered and spent on bitcoin.. what the government gives is to take it back.
Maybe bears were right about 41k target, but not until now at least.
Let's take this crazy flash dump bet.
Trade safely don't engage recklessly be ready to lose these funds.
I'm using only a part of what I won during the last bull run idea and stop closing accordingly.
This is the way,
Stocks had a little flash crash that was immediately bought back up. Currently, the S&P is sitting at highs. After a crash like that it was lucky to get bought back to highs let alone break out again. The Kovach OBV has run out of steam and is flat at current levels. This is not a divergence quite yet, but it does suggest stocks should at least range a bit...