I know what I'm about to say is no surprise to anyone at this point.
But the markets make absolutely no sense what so ever right now.
What's going on?
Why are the markets rocketing; Despite 40 million jobs lost, 10s of thousands of businesses closing their doors forever & riots breaking out in over 400 cities around the country...
Simple. $2.8 TRILLION dollars...
This is really just the same trend I charted in mid March, I've simply elongated the same trend to continue this gradual incline to what I project to be the ultimate potential peak before the market accepts the inevitable recession/depression the real world has entered into. I left the original trend line (in red) simply to show that the range is the same, the...
It's obviously hard (if not impossible) to tell what's going on right now with the DOW.
Could it take another 900-2,500 point leg up? Sure.
Is it possible that this is the top end of this bounce?
It's really starting to look like it.
The real issue here is the markets are so far detached from a free market right now it's impossible to say where we go from...
The DOW is finally moving into it's dead cat bounce after losing nearly 40% from it's ATH .
My peak is conservative, so don't be surprised if we go ~1200 points above it before we enter the long term bear trend.
Incidentally, if my timeframe is accurate, this rise and fall will line up well with the 'end' of the lockdown followed by the horrifying realization...
Bears VS bulls winner take all over the course of the next 7 hours.
Which way will it break?
WHO WILL COME AWAY THE 'WINNER?'
The choice is yours, not mine.
These are just the 'most' probable ways price is about to move.
You never know, you can only project if, than, which would then suggest....
Did you want to know if I'm bullish or bearish?
Seriously, I feel like there's a whale out there trying to make me think I know what I'm doing.
The only thing I just can't nail is the time frames these things are going to play out on.
I'm looking for a run on $1-$3 before we see a new consolidation range.
I'll be following the breaks in detail on my YouTube...
I Think FOMO
But I'm exhausted, so don't trust this chart.
It's made with some squirrellie indicators.
Not like there's some serious fundamentals driving a serious price rally on June 10th or anything.
Fundamentals are a waste of time right? lol
super simple, but super obvious pattern that has formed. 'The handle is in' ladies and gentlemen.
If you're not on board, the choice is yours, do you wait for the retrace from +$1, in hopes that it comes back down to a better price? Or do you FOMO in?
The choice is yours.
But I'm tripping balls on that #Hopium
The green line represents a bull trend, red bear and yellow is where the price will float around if the trend stays neutral.
I'm transitioning from posting these charts on Trading View to covering my charts in live stream.
Anyone who's enjoyed my TA calls over the last few weeks please check me out on YouTube, where I'm beginning to stream every...
As my yellow box suggests, I'm expecting us to break out of this range within the next 6 hours into either the orange channel (and then the red channel) or into the green channel (and then into the teal/light blue channel).
Time will tell and regardless of the break, I'm sitting on my positions until volatility returns.
Until then, play safe out there fellow XRP bulls!
The big question on all of our minds is "when."
When will this boring trend break?
All fundamentals are suggesting an influx of new investors/traders as exchanges around the world have reported slow-downs and backlogs regarding new user registration and activity.
Even still, play safe out there ladies and gentlemen!
We just recently tested off of the 0.318 Fib...
Here's a snapshot of where the hourly price is most likely to move over the next 2-3 days.
That said, the price is currently remaining suspended between what could amount to a break down towards $0.33 or up towards $0.41.
When we get a confirmation of which trend we're about to enter, the price will likely rapidly accelerate further in the direction of the...