An update to my previous idea, We see strong down trend in DXY, more dump for traditional market, and also bearish trend in crypto market,... So what are these dollars waiting for? maybe waiting for better narratives or maybe better supports in markets! get prepared and be on call! Sometime ago I have posted this idea: Now we an update to that analysis with...
Trend fib pulled from October lows puts the 618 fibo in confluence with the rising wedge as a third touch with major multi year double top ath scenario also completing the ABC (123) elliot wave (correction wave) for a new 12345 elliot wave count lower....and many gaps to fill
channel continuation and ranging within these paremeters for now are possible. resistance at H3 and bounce potential at L3. camarilla monthly pivots
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...
After falling below our trend line and forming a lower low it seems like me may be in for a similar cycle as the .com era. Considering all the S coins in crypto devouring the space it would be no surprise to expect a long term correction
The traditional market do not fully understand crypto yet and the lag between #Bitcoin and #crypto related stocks is extremely easy to capitalize on... BTCM is a Bitcoin and crypto mining company that is publicly traded on NYSE so I am very interested in owning ALL of this stock but I have been forced to trade in and out due to the correlation being so obvious....
BTCUSD currently in a very bearish trend. Keeps closing lower and lower both on daily and weekly charts, while the price keeps getting rejected at previously important levels. Bitcoin is oversold and cheap compared to several models and previous cycles, but because it went up too fast it could potentially bottom anywhere between 12k to 28k. Essentially its...
The reflation trade seems to be over although there is still some hope. The FOMC meeting seems to have been the catalyst to confirm the end, but that reversal was brewing for quite some time. We had excess speculation, we had people truly believe this wasn't transitory... and we might get some persistent inflation due to supply constraints, but this isn't due to...
Hey hey my friends 👋 BITCOIN correlates to the spx (s&p500) Which is currently being drug down by AMAZON, the snp500 has currently had a daily close below a major support trend-line from march 2020 We are waiting to see what happens here, the fed needs to control the yield curve! If Powell cant figure his shit out then this will continue If the yield curve...
Just a quick thing to note. Presently the treat of government shutdown in the US and the looming election is creating uncertainty in the market, leading to mass liquidation back into USD -- as irrational as that may be considering the present debasement of the USD (and of other currencies around the world, including the Yuan, and the Pound, etc). See previous...
Hello all and good evening to everyone. Before the "Corona crash", a major gap happened in the markets and slowly we have been grinding back up to it since. The likelihood is high for this gap to fill at the very least. In previous analysis of DJI I have been anticipating this move up - due to a macro pattern - and eventually a break of the all time high. SPX is...
Forget about any news or world events, they have nothing to do with how the markets move. The "composite man" uses the media to provide a rationalization for the average person. Just look at the technical data on the chart and you'll see that we are printing a massive hidden bullish divergence on the monthly time frame. The recent top was predictable and so was...
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!!
Taking a look at SPY here; we can see SPY has been putting in higher-low's ever since early April, and has been doing so along the 21 day EMA in purple. Price has respected the flat line of resistance along the 200 day EMA in light-blue around 293 or so. Looks like a textbook ascending triangle setup. Measured move of the ascending triangle could take SPY back up...
DAILY CHART Weekly chart: 3hourly chart look. More upside to go; to retest 200 SMA Expected S&P 500 to retest 200 SMA and fail on the daily, according to my previous 22Mar20 post . QUOTE: " Easter 11 Apr 2020 update and re-look at the SPX chart " Continue from previous chain of analysis: Historical comparisons ( 11Mar20 post ):
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade! Yeah........... so that was close to stoploss. Some hope for a correct(ion) call still. Stoploss has been lowered just above yesterday’s high @2837
on the 6 hrly timeframe with CYBER ENSEMBLE {Premium} buy/sell indicator. Continued from:
-TSLA is in a very strong, parabolic uptrend. In my opinion, this stock has entered the Thrill/Euphoria phase of the market cycle. This is a good time to be cautious and evaluate the situation accordingly. Lots of indicators are suggesting this stock is very ahead of itself, and it is only a matter of time before the chickens come home to roost. TSLA is a not a...