Michael_Wang_Official

Michael_Wang_Official

In this post, I will take a purely technical approach to the Nasdaq's weekly chart, using fractals from the S&P500's 2018 price movement. 2018, S&P 500 - On the left side, we can see the weekly chart for the S&P500 Index (SPX) - The index was at an uptrend, moving above the Ichimoku cloud - Due to fear, uncertainty, and doubt in the global economy, a flash...

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Software as a Service (SaaS) is at the center of attention due to the Coronavirus pandemic (Covid-19). Today, I’ll be analyzing the #1 firm in the Customer Relationship Management industry, Salesforce (CRM). - Salesforce is an extremely quickly growing business, whose founder was an ex-Oracle (ORCL) employee. - They currently employ the tallest building in San...

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In this post, I'll be analyzing Bitcoin's weekly chart, demonstrating why the overall trend is extremely bullish. Analysis - To begin with, it's important to note that we have broken out of the descending trend line resistance on the weekly chart (marked by the blue trend line) - This is a trend line resistance that valid for over 2 years - Now that we have...

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In this post, I'll be shedding light on the difference between arithmetic and logarithmic scale charts, and how to best use both charts to your advantage. Arithmetic Chart - The chart on the left is a chart that uses the arithmetic scale - This is the chart most common to us all, and one that's easiest for traders and investors to comprehend - An arithmetic...

Michael_Wang_Official

In this post, I'll be analyzing Ethereum's Tether pair (USDT), using the Wyckoff Method. What is the Wyckoff Method? The Wyckoff Method was developed by Richard Demille Wyckoff, a famous technical analyst of the early 20th century. He proposed the idea that markets can be understood through a detailed analysis of its supply and demand, which is seen through...

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The Nasdaq Index (IXIC) opened with a 2.56% rise yesterday, over performing the S&P 500 Index (SPX), which rose by 1.64%, and the Dow Jones Industrial Average (DJI), which rose by 0.88%. Markets closed at 11,876.26, marking the third record for the highest percentage move since April 29. Apple (AAPL) rose by 6.4%, Amazon (AMZN) and Facebook (FB) moved over 4%....

Michael_Wang_Official

In this post, I'll be analyzing Bitcoin's daily chart through fractals. A fractal is a recurring geometric pattern that is repeated on all time frames. We can often see specific movements of price action in an asset repeat in a similar manner, through differing degrees. Analysis - To begin with, we can visually see the similarities in the price movement of...

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In this post, I'll be providing my technical analysis on YFI, specifically for the Tether (USDT) pair on the daily. YFI is a decentralized finance (de-fi) coin that has seen immense gains ever since it got listed on Binance Analysis - The first thing we can notice is that YFI is consolidating within a descending wedge - It has been forming lower highs and lower...

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In this post, I’ll be providing an in depth explanation of the (inverse) correlations of Bitcoin, Ethereum, Bitcoin Dominance, and the US Dollar Index. This will help traders understand the general trends of each assets and indices, as well as what to look for the next measured move. I have divided the chart by the 1-2 months, in order to demonstrate clear...

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The house of representatives has published a 450-page long report that big tech companies (specifically FAAG), are disrupting innovation. In this post, I will be summarizing the most important points to take away from the report, and factors to consider when investing in Facebook (FB), Apple (AAPL), Amazon (AMZN), and Google (GOOG). Background Information...

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In this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis. Daily Chart Analysis - To begin with, the daily chart is on the left, and the hourly on the right - The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows - The...

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In this post, I'll be providing an in-depth explanation on Elliott Waves, specifically Impulse Waves and Corrective Waves. I personally use Elliott Waves a lot, and as it seems like the majority of my followers are beginner traders unfamiliar with the concept of waves, I decided to do an educational post on it. The concept of Elliott Wave Counts are extremely...

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In this analysis I'll be shedding light on my own theory on: - How President Trump's Covid-19 Positive news may impact the market - Similarities and differences in historic cases - Why Trump possibly announced his testing positive so quickly Trump's Testing Positive - Trump testing positive for Covid-19, 4 weeks before the presidential elections, is not good...

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In this analysis, I'll be providing an in-depth analysis on LendingTree, as well as an explanation on megaphone patterns and its bullish upside. What is LendingTree Inc.? Lendingtree (TREE) is a company that offers a platform for borrowers and multiple lenders, offering the opportunity for its users to find the best possible deal on their loans. Business...

Michael_Wang_Official

In this post, I'll be providing my own technical analysis on Bitcoin (BTCUSD) using Elliott Wave counts, Fibonacci retracements, and insights provided by indicators. Analysis - To begin with, we can see that Bitcoin is consolidating within a triangle pattern - We can count an Elliott Triangle Wave (ABCDE) within the pattern - While a textbook wave count would...

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In this post, I’ll be providing an in-depth analysis of Facebook (FB), which was part of FAANG (Facebook, Amazon (AMZN), Apple (AAPL), and Google (GOOGL)), leading the stock market since the financial crash up to 2019, before it was replaced by MAGA (Microsoft (MSFT), Amazon, Google, and Apple). I'll be exploring its business models, financials, weaknesses and...

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If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight. In this post, we'll be taking a technical approach in analyzing the notorious cryptocurrency: XRP Analysis - XRP has been consolidating within a bullish descending wedge on...

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If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight. In this post, I’ll be explaining ‘The 2020 Tech Stock Bubble’ crisis, through the lens of the Dot com bubble of the 90’s. In the process, I’ll also provide educational content...