Good spot to take profits and secure some winnings if you bought the dip. Nice, textbook extension to the 1.618 hitting the bottom end of the broken support line. Textbook. Breaking beneath 42k and holding under there confirms a bear trend again, but until then I'd say the bulls still technically have the upper hand. Note: this move up has been fast and may...
The Dollar shows clear correlation between the different presidents and their white house policies. Interesting. Funny that it seems Democrats experience a rising dollar while Republicans have the dollar go down. I wonder if there is a lagging effect though cause we know inflation takes a year or two to really appear. I think it is safe to assume the Biden is...
I spent a lot of time trying to frame this for everyone so I hope you all gain some more perspective from this. How low will we go? I'm pretty sure the game of musical chairs is over... Hope you're not planning on the housing market going up forever either... I don't know how this is gonna play out but I'd suggest diversifying your assets. It is most likely that...
Ummm Guys.... Guys!! No seriously! Guys!! Alright I'm out. GoodBye. Clearly the (tech bubble + housing bubble) formed a flat pattern and we just went up and retested the lower boundary......ummm....... Bye Bye. Everything is lining up to where it makes unbelievable sense that the market will crash soon. PREPARE FOR THE 3RD DEGREE DEVIATION TO THE...
Drop it like it's hot! The Fed is remaining hawkish. Dollar started rocketing up as they spoke. Dollar Up Everything else mostly down coming to a theatre near you!!...
Today is FED Day. Get ready. Jerome Powell has NOT been confirmed yet by the legislative branch and they know they must be hawkish on inflation. There is no hiding anymore. It's right there in the meat department. They aren't even displaying price signs on our meat section anymore cause all the prices are up +50%. Bitcoin is NOT an inflation hedge. It has gone up...
These guys have 122,500 Bitcoin (BTC) and have a total average purchase price of 30k with an average buy in of $3.66 Billion. Watch out if Bitcoin breaks below 30k.... who knows when the banks are gonna start calling and asking for their billions back... at the time of this article in December 2021, Microstrategy's BTC was valued at $6.13 Billion which is now as...
Contrarian signals everywhere. Russia is risking being cut off from the financial system. This could essentially wipe out the bid for oil as then no one in their markets could access those bids. A large % of the oil market will go offline so I would think we could expect at least -30% decline.
Oil is topping. Contrarian signals are going off everywhere. Take profits while you still can if you're long energy. The recession is here.
Brent Crude Oil has completed a 5 wave impulse to the upside and has put in 3 divergent RSI highs on the momentum indicator signaling a lack of buying momentum to support the recent price moves. Everyone on the news is bullish crude and worried about Russia but this looks like it's all going to blow over and oil is going to take a dive for some reason.
None of these indicators look good. We keep breaking supports. People are still complacent and not believing Bitcoin could crash which ultimately means the price is going further down still.... The Fed hasn't even stopped buying bonds yet...let that sink in. They are going to sell bonds, let alone halting their current purchases. Just that is deflating bitcoin....
Looks like we just finished the 9 year uptrend with a 5 wave move and even can see a classic throwover associated with rising wedges. Very nice. I just saw an advertisement for this company funny enough and this looks really overextended. Yes there will be a higher future demand for Lithium but the stock has gotten ahead of itself. This will pullback hard almost...
This is bad news for Uber and I couldn't be more pleased. Everyone, this is absolutely not financial advice and just my opinion, but it would be SUPER cool if we all just made Uber go to like $2 a share. That might still be too much because their business doesn't actually even make money anyways.... hmmm... So the white house is putting pressure on. Showtime...
If that ain't a reverse head and shoulders then idk what is. Good value for a stock with lots of growth ahead of it.
and let it be said that if it hasn't topped as of right this moment...it is FREAKING CLOSE... like sooo close. I can feel it in my bones. The dollar is blowing up. Fed is tightening (so far) They may reverse course and print infinity but that would cause a currency crisis which in my opinion would be wayyyy WORSE. Crypto and other momentum assets are dropping like...
The markets seem to be responding a lot to the recent moves in the dollar. Bitcoin has been going down even while the dollar is consolidating...so just wait until the dollar takes off again! Haha! It's gonna be fun.
So far we have a very impulsive 1-2-3-4-5 to the downside and a lot of jagged, choppy, janky looking crap after that (In my opinion). My rule is if the chart looks janky and you're having a hard time reading it, Most of the time it's a correction which implies it is the counter-trend. Also, another thing I noticed recently was that the W wave and Y waves have...
I've been watching EOS for quite some time and the platform if pretty great. My goal is to invest in blockchain platforms mainly and this to me looks like a great risk/reward opportunity. Even if EOS goes down honestly, I'd be mad at myself if I didn't at least pick some up at these low prices. Great project. Good price. But you decide for yourself ;)