Nice 5 wave move to the downside and a 61.8% pullback. I'll trade that. I'm short unless we reclaim 52,000, but you do you. I mean, everyone says Bitcoin is going to a million dollars or something so what do I know?... to me though, that all sounds like the kind of talk you hear just before a complete failure in confidence happens.... Especially if interest...
The moment this opened on the markets Bitcoin's price began to swing more wildly and followed this closely. Ever since this came out, BTC has gone down. More and more will come out and BTC will crash one day. (Not financial advice)
Price breaking back below $0.79 indicates further that the recent upside is corrective. This means we should see another impulsive move to the downside. Price action from June-August is clearly a 3 wave corrective move. $0.36 would take us to the next clear price support level from the high of the wave 1 of smaller degree. Definitely would be a great buying...
Major supports have been broken in all major indexes. Central banks appear they will tighten at least in Europe. China is having a credit crisis with it's largest property developer. So many risks and so much complacency. Not financial advice, but yes I own shares.
Look it up. Big merger. Big new market. This company has around 10 clinics that specialize in Ketamine psychadelic therapy. New research is being done in this field and psychadelics have proved to be effective in treating alcoholism. I just bought a bunch, but you do you.
The strength of the Chinese Yuan and equity markets appears to be correlated due to the Chinese's increased trade presence and credit expansion. If price action continues to push below the 200 day EMA we could be likely looking at a bear market. Could the dollar milkshake theory prove to be correct? Only time will tell. (Dramatic music engage)
Waves 2-4 trendline was broken and retested and I expect more downside. The question is the length of the extension. Both of them line of with nice price action support levels so it just makes sense. A break below $20 should signal further downside to these targets. (Not financial advice.)
King dollar is about to pee his pants. Impulsive move counted on the downside basically right after it was announced that congress printed 1.1 trillion for the infrastructure. Currently it costs $1.20 to pay for $1 of goods and services. This means that whatever money printing we do now is actually a negative. We just finished a little correction up...
Momentum on the RSI looks like it wants to break upward. We could be approaching the inevitable blowoff top going into next year. Keep in mind that the actual value of our portfolios isn't increasing. The number of dollars might be, but the only reason this is happening is the devaluation of the thing we're measuring our portfolios in... $5 Ford -->$12 Ford is...
I think the chart sums it up, but essentially I'm leaning Bearish which follows the yellow path. I really don't think enough time has passed to where people don't care anymore. I feel like this is the phase where we get this big correction back up and everyone gets excited, but then we make an even lower low really quickly which scares everyone out right as we...
1st Target $0.32 No reason why we can't go to $0.40 soon though. XRP is also looking super hot. Like ooooh dang. That's a spicy meataball!! (Not financial Advice) "Do I really look like a guy with a plan...?" -Heath Ledger as The Joker
Wanna be rich? Me too. Not sure if this will do it, but it's better than the other chances I got. All time low. Great crypto. Amazing concept with over 3 years of Beta testing before launching just last December. Downside risk is -50% but the upside reward will be at least +500%. Let's GOOO!!! (Not Financial Advice....but yah know...)
May have just finished a wave 4 expanding flat or the B wave of the major wave 4 retracement. I think it makes sense to expect a steep drop before we bottom. This should present a major buying opportunity if you can save up some liquidity. (Not financial advice)
Moratorium has ended. Let's see what happens.
Let's GO!! Look at NEO and other cryptos that have already broken out. EOS is primed and ready to fly. (Not financial advice)
EUR/USD just broke multi-year resistance a week or two ago and now looks like it's going to the moon. Dollar to the floor. Looks like equities are shooting up because of this although it's not good news in the long term for the U.S. (Not financial advice)
Looks like we broke support and that precious metals may be leading the market lower. Ooops.