About meI have been investing since I was 11. I've made lots and lost some. After getting hammered on Bitcoin in 2017 I decided to figure out who sold the top, how they knew, what signals they used etc. I then backtested a lot of info for the last 2 years.
Bitcoin might be following the lead of precious metals, it might be doing its own thing, but it does seem to have some interest in redeveloping bullish structure. I would expect to retest $10,300 and maybe eventually $11,800 if things keep going strong.
Gold doesn't seem to want to stop and its influence can at times, be strong upon the silver price! We see a historic topping out of the Silver : Gold Ratio and perhaps silver will now run even faster than its counter part Gold. There will be significant resistance to be met around $17.50 but I see us testing $18 shortly if the trend remains strong.
Gold seems to be busting out of the wedge towards its next stop of $1800. I think we might get above there to see a new range of $1800-1900 assuming we hold an inverse correlation to the macro. In 2009 and forward moving out of the financial debacle you saw GOLD recover faster and harder with inverse correlation. At the moment the economy slowed down, Gold did...
VIDA is definitely trading within a range also represented by a node of high volume. While this can be considered "neutral", watch for MACRO conditions to pull this pot stock to new lows if things get real bad. You may find the RSI helpful in observing direction here as it's already hinting something.
While we do appear to have an bull flag happening I feel that the settlement of futures here this month could cause a drop, so lets see what happens. Wait for confirmation of break out before trading either direction. This is not trading advice.
I think we could get an upside break of the channel structure. I'm expecting to see another inverse correlation to the DOW assuming that we don't any share splits.
Share splits explained:
Please abandon the bullship! We have in the works, what appears to be a reversal. You can give it another day to confirm if you wish. I would estimate that our next stops would be around $22, 200 or $20,700 if this continues. I am doubtful that we will test my $26k target. This is not trading advice.
Basically if UVXY breaks this channel and the MACRO economics are truly showing inverse correlation, then a big trade could be made here. Just a quick observation of a popular ETF. This is not trading advice.
Of course we can reverse sooner, as I predicted previously, but this is what makes the most sense today and falls in line with some old charts...
Let us assume that the money printing is the rising tide. If the market goes up on average this week and or at least follows the rules for a TD9 printing, we will have a potential reversal on that indicator (not a big...
LTC loves to pop and drop like all assets in a bollinger band compression stage. I would expect a big move in the coming weeks, but I wont speculate on direction just yet as BTC has me perplexed momentarily and its seems to be the leader.
I think we might see a break down of the old corn, RSI dropping, MACD crossing and overall this run up didnt make sense to me fundamentally, but I saw it coming and changed my stance before it went up. Now, I am getting bearish again.
A Fibonacci retrace to .786 would bring us to $1247, and if we have a second covid19 quarantine this is almost guaranteed. I think its a sure thing either way. These markets are not even close to fair price.
A simple S&P500 chart displaying concerns on many levels. Looking at how my old chart played out, I think we will see a return to the lows around 2200 as we have met resistance around 2800.
This is a speculation of whats to come and not financial advice.
BTC has reached a critical juncture and I think we will likely see a big move here very soon. If we go down it will be pretty fast and if upwards we might take slightly longer but either move could be swift. Up could take us to $8500 -8880 and down could be $5000 -5500. I wouldn't really expect this to go sideways, thus making for a great play once it breaks...