Natural Gas just had a breakout this friday (traders knew something?) and it is in wave (5).
Wave 3 and 1 are of similar size, with (3) being slightly bigger than (1).
It seems reasonable to bet on (5) being the extended one and going all the way to 161.8% of (3).
There is something happening in the world, we are seeing more and more "Rubicon crossed"...
This is our time to shine my bear bros! I waited for this moment my whole life! I constantly wait for the moment to make money while others suffer.
If you have been in this game for more than 6 months you know that Credit Suisse is a losing story.
No one wants to buy this dead bank. And even people "on its side" have targets way below where the price is...
The end is near, which is bad for passive "investors" (I prefer calling them parasites), but great news for traders!
I will make this as easy as possible to read by listing bulletpoints.
Here are reasons for the big collapse:
- US President Joe Biden’s new budget includes a new minimum tax on wealthy individuals’ unrealized capital gains, a quadrupled tax on...
This is not a signal to buy or sell but one to pay attention. Because it's always when no one is looking than it gets going. I honestly do not know if we go up or down.
RSI divergence does not mean we go up, there are plenty of examples where the price continues to go down.
Market is heavy right now, debt is at WW2 levels, permabears have been right over...
Hey! It has been a really long time since I posted something like this, over a year.
Now a lot is happening or about to happen so here we go!
This is mostly me bashing the us dollar, brace yourselves.
> Gold is angry with 3 white soldiers after testing long term support
Gold bounced on its long term moving averages and a convenient...
Forex market have started getting very volatile (after years of making us fall asleep), following the west heavily increasing their interest rates + the war against Russia.
The risk reward could be very good, the price can easily rally strongly. It looks like it could be about to burst. Even 15% odds of that happening are worth it to me.
The USDTRY fundamentals...
What a wonderful day. Criminals have started running for the exits, as the long term moving averages are actually starting to bend for the first time in Bitcoin history.
The "short term" (several months) moving averages have crossed below the longer term ones too, announcing a really long and painful bear market.
And no surprise average Joe's are asking me if...
Western interest rates starting going back up in the end.
Looks like the whole "new paradigm" is over.
Money is not free anymore.
To sum up:
- Boomers got 110% of the wealth (other generations are in debt), they are aging and getting more conservative, covid got them even more scared and conservative (risk averse);
- Generally investor outlook on the economy...
I have been interested in USDCAD for a while, if you check my previous ideas of the past 5, 2 are about this pair.
*** Technical analysis ***
The momentum (finally) got pretty strong. The price is now quite extended, the RSI on the weekly chart is in the process of crossing 70 and it rarely goes further than 80 and the price is far away from its moving...
The US has a plan to beat inflation: by creating more inflation. Official announcement, no joke.
The "Inflation Reduction Act" is a brilliant plan to burn hundreds of billions of US Dollars in order to reduce inflation.
And... it's working...
Wave 1 and 3 are both around the same size at about -25%/-30%, and I believe wave 5 is going to either be of a similar...
There could be a triple bottom on BTC. Do these work? What is the risk to reward?
Unfortunately there are not that many examples, nothing very statistically significant:
So the previous one becomes:
If you lose, you lose really fast.
And that's all I have. Not triple B's before that.
You could find more examples on lower timeframes.
First, road to 10K. Then road to 0K.
Past 20,000 there is no support for a while. Must be stressful.
Things are looking really bad. And the eternal, boringly repetitive crowd is accepting this as a bear market. Bottom (temporary) must be close.
Maybe price returns back to the mean. It's only down at 5K.
And maybe a solid bottom would be a good time to buy,...
The USD is pulling back, the USD pairs uptrends are taking a break, and USDCAD is no exception.
Economic numbers are not that bad and investors are being a little positive, but haven't we heard this before.
Until proven otherwise this is just a pullback.
The Canadian dollar is also remaining weak even with expensive Oil.
And Oil price chart is looking like your...
Technical: Bottoming pattern. Volatility is increasing (ATR). Nice triangle too (check the chart down below), it's not in a trend but it has to break at some point right? This may happen soon (in the coming weeks).
Oil is falling, in a C leg now (or could end up being a double bottom).
And the USD index is about to break 100 for the first time in 2 years.
It has been nearly 2 months of range. If you have been making money in these markets you probably have been doing something wrong.
The ??? never lasts forever. Some pairs are not in a clear range like this, but I can't extract anything out of them, and some not being in a clear range shows that you can't even make money fading since you do not know which pair will...
Back in December 2017 the share price of this huge conglomerate of retail stores crashed. I posted about it in April 2018. Not sure if many people are interested (and this is one more reason why this is good, few people were interested when Gamestop was trading at $3, many were when it was at $300).
The direction got accused of fraud and for some magical reason...
If you too are fed up of catching so many losers AND missing out winners then here is a suggestion.
I don't give much attention to some setupds that sometimes end up really good, and I insist with setups that catch my eye but are really not that great.
The solution is first of all to pay attention to the markets (and charts) every single day, and second it is to...
And it is back!
> Biden re-nominates Powell as Fed chair, praising the progress made in the USA
Biden said "we’ve made remarkable progress", and the US admin mentionned the improvement in unemployement as well as economic recovery, shutting down voices of opposition within the US central banking community. No change in direction, we can...