Professional, Proprietary, Piggish, etc. (/Pihg-hish/, adj.) - impartial, opportunistic; greedy when the other Perma-types get too passionate. ex: The piggish poker player makes a living from other, recently-tilted poker players.
Am reasonably confident that 22k will come faster than most people can imagine.
It could even get there by tomorrow. If it doesn't, which is equally as likely as it does, it will take a few more days.
If it trades to a new high from here, the worst that happens is that I look foolish in front of many people.
The Dow Jones Industrial Average tends to repeat itself in uncanny blocks of price movement. After years of research, I am convinced that all price patterns in the future have already taken place sometime in the past - albeit with different parameters.
The key to unlocking the value of fractals is to understand the general shape that links past sequences of price...
Capital One is a well-known banking-focused financial services company that has improved its operations a bit as of late. Their earnings have been better than in years past and I'm super happy for them.
What they have not done: anything that warrants any part of the recent eye-popping share price appreciation. The real value that I see in Capital One's current...
The outer blue circle serves as continuous support for this bearish trade. For best use, keep adding small amounts to the net short position on all arc-touches.
We all know that BTC likes to spike, so accumulating a larger short position incrementally may make this a much less scary trade. The only down-shot is if it breaks the bottom at an earlier point, such...
I'm not suggesting here that the broader equity market is going to violently sell-off soon or anything like that. I figure that posting an idea on such a scenario might be useful just in case volatility picks up a few knots with some foreseeable seasonal headwinds.
Also, the broader equity market is probably going to sell off soon.
Now that the possibility of...
Several months ago, I posted the original idea (see related) when I thought that markets were preparing for major asset rotation. Instead, it seems that we only got a preview of the real thing. Meaning, that Bitcoin had a major selloff right around the time of the first post, but it wasn't severe enough to drastically shift the major asset classes.
Right now, I...
For easy bagz, buy DIA puts that expire this week around the money (or out-the-money, just not 20 dollars + OTM if you can help it).
Then, you can take a nap or go back to your regular job and forget about it until tomorrow or the next day, or the next day.
Not the day after that, though.
You will likely have to take a look at it and determine how many bagz...
Based on initial angles and entirely too many hours spent, I think Tesla is going to be a great name to swing trade into September (*experience trading Tesla advised).
If you consider the first initial wave up into February of 2020 impulsive, then it is Wave 1, not Wave A. Under this assumption, there appears to be a running correction 2-wave, followed by a 3.618...
Pig Specs are listed in the Chart, and below:
Entry: Tonight (Before Midnight); ~1810.00
Exit: August 9th; ~1856.00
Should be sweet, but no guarantees.
All these lines and angles are based on the small circle up top and the horizontal vector that it creates.
I picked the Nasdaq futures instead of cash because I was too far into the analysis when I realized it. Not going to make a huge difference since the Nasdaq is truly a harmonic structure through and through.
The blue line projects out long-term starting...
For an instant replay, see the related idea about the first bull trap.
The Dual BARR top (see other related ideas) speaks to the tendency for BTC to produce a second spike following a breach of strong support/resistance. This second trap setup follows the same logic and works almost like a bearish confirmation in this case, rather than a sign of the new bull...
July 21st is historically the least likely calendar day to close at a higher price than it opened.
Published in the Stock Trader's Almanac are the historical probabilities of each calendar day finishing in the green. The majority of calendar days range from 40% - 60%, and are more or less evenly distributed throughout different weeks in any given month. However,...
-Likely to sell down back to the weekly trendline in the near-mid term
-Path follows an ascending diametric triangle, as it is defined by (Neo) Wave Theory
-Chose this path because it is the same underlying pattern as that of today's stock market
-Fib projections align well with the first massive move up in 2017
-If it does not bounce off of the weekly...
Looks like a bull trap that coincides with Nasdaq's price movement.
Will concede if BTC trades over 40k by end of month, otherwise would be careful before entering long.
Dow Theory is a foundational set of principles that underlies modern technical analysis. One of the main tenants of the theory involves trend confirmation by comparing similarities between equity indices' price behavior. Originally, the Dow Transportation Index was used to confirm trend direction in the Dow Industrial Index. Now things are a bit more complicated,...
There isn't much more to say other than that if the 0.886 retracement holds on both the hourly and daily timeframes into Tuesday's morning session, this Bearish Bat harmonic could end up confirming an enormous reversal that has been nearly a year in the making.
I remember reading that some dude had a 2M put position going into Amazon's 2020 Q2 earnings report......