So for about 6 months now we have not seen exponential growth. Call it what you will. I think I will call it a "bitcoin recession." For two quarters we have not seen the kind of positive growth we have come to expect, however, compare what we have now to this time last year and you should still be a very happy camper. If you've been HODLing of course and even...
Well I support I have to change my avatar to a grim ripper... Everything it about to dump... And my little dollars are going to skyrocket. Not that much trading opportunities yet, but when these weekly MA's get tested as resistance plenty of short opportunities. Right now the Yen is going up up up so I will probably short it if it keeps going (long USDJPY). Ye...
Failed mergers, an industry where consolidation and change are struggling to bring shareholders value. There's a lot to be wanting to try and keep up with the current "value" market. However, International Paper will struggle fiercely to try and impress. Lowest fib level is what demonstrates the inability of the company to break out. We've now plunged under it and...
We flipped from a falling wedge to ascending triangle last week. Maybe our doom isn't so imminent. As you can see we broke above the resistance and we are currently printing a bull flag. Short term its looking long. BUT I am still very bearish over the next few months. A triple top could seal the deal and send us into a downtrend.
We can see that we failed to break out of the descending triangle we are forming. Todays trade news about china gave the market its last pump before we see some real downside moves. I would expect a test of the support tomorrow and eventually a break. This would send us down to new lows which would inevitably form a DUH DUH DUH BEARISH CHANNEL Let ya nuts drag...
On chart: RSI EMA 55 EMA200 MACD VOLUME ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
When you've been in the crypto space for some time one is probably familiar with the analogy "bad tech". Pointing towards the big upswings followed by often huge selloffs in Bitcoin. Well, today my friends, we have an example of actual bad bad tech, the hyper bubble, bubble of all bubbles: the stock markets. - There is no reason, to be upset my friend.
In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30). The emphasis here is in the nature of the struggle to avoid correction and the similarities in form . The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time...
The market has yet to recover from the February 5th "Flash Crash" and the Dow is threatening to record its worst March performance in 17 years. With the Feds impending rate hikes now officially on the table, the market is flirting with the idea of a more meaningful correction. Of course, a declining market could mean a strengthening Dollar, so I'll be looking to...
Earlier this week I already posted on the S&P 500 - “A word of warning”. Today is no different. Although, the DAX shows a maybe even worse picture. And I am actually absolute not a "perma-bear"... 1) If you look at the red resistance line, drawn from the 2003 top through the 2007 market top & from there on you see that the 2015 top could have been called at the...
2018 is off to an interesting start. Trump has been in office for more than a year, 2/5 saw the most bearish performance in the history of the S&P in one day, and Janet Yellen's term as Chair-person of the Federal Reserve has come to an end. The philosophical economic theory portrays recession wave cycles to happen every 7-8 years, but there has not been a notable...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
Yesterday BTCUSD officially broke the downtrend channel which started late december 2017. This break out is really important and is finally changing the general mood and bring hope to investors which bought in above $17k and are still facing important losses. I believe we will see some strong and healthy growth over the next few days and weeks, but definitely...
Fundamental Analysis of USD/GBP, monthly candle, from 1992 - Present A week ago I was discussing currency with a peer of mine, and interestingly enough I started to chart currencies of interest that pertained to a particular topic, or point of interest with respect to global economical stability. Ironically, my peer was American, and myself, I am British. I...
The work of an investor today need to be to search bullish financial products in recessions Due to recession will be a bank system bank-rupt, there are not products with such quality as the ones who do the opposite moovements of bank system, and bank system is global economy You can see in PROSHARES SHORT FINANCIAL how its price moove in the opposite...
When Renko cross under MMSA3 in the Monthly Graphic, USD crash. USD crash will produce international indexes crash, and, in general, global economy crash. The SOLUTION is investing in negative correlationed products from USD that make the opposite from their moovements. Examples - Commodities, blockchain, ETFs entering short in indexes or negative...
Analysis of max drawdowns and number of consecutive bars price without 10 % drawdown ... Recession shades...
Commodities have negative correlation with USD dollar and global indexes, that means that make the opposite moovements. As these ones will crash, investors need to find negative correlationed assets. Commodities and blockchain are the more convenient ones.There are two types of assets that will be really bullish - the electronic ones, and the most tangible ones....