Here we have ARKKs bear market pattern overlaid with US100. Just pointing out a possible pattern. Fully expect markets to rally with the end of May and into June which would be similar to how ARKKs bear market has played out so far.
Maybe things get spicy like they have for ARKK? Time will tell as the "crash" would be next year, so plenty of time to see how this...
Finally hitting my price target. Great time to buy some discounted Algorand. Will be buying weekly to get my average price in the $.50 range.
If price can hold this area of support we could see ALGO setup for a fantastic bull run in 2023-2024. Good luck all!
Studying the VIX on the monthly chart. Looking at the dot com bubble and 2008 crash you can see the VIX works in some pretty massive waves. Looking at today we are in a some kind of new massive wave considering we haven't had a proper market correction in 10+ years. Can VIX break past 100?
Looking like a possible inverse head and shoulders on ARKX daily. Not the most beautiful and its pretty scrunched having played out over a short time span, but its there. Targets will be back into the 20+ range.
Not much on this one, just looking at USO in its downward channel . Seems like we may get some interesting reactions in the next few years regarding countries that are too heavily invested in oil to keep the price up. First up Russia. Next USA.
Looking at the CQQQ on monthly. Getting close to the bottom of the channel and the MACD is looking like it could start rounding up on that trend line. To add some counter argument, it looks like a giant elliott wave. We could see it break the channel and see a correction.
Update on the ALGO chart. Going to be showing my position here, which is in the blue(red). Algorand is a project i have a lot of faith in so i am not worried and will be loading up on this dip that could be coming. I think we will be retesting some support zones sub $0.50. This is a really long 10 year+ position i am building so will be purchasing as much as a i...
This is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical...
Update for my previous chart with a pattern fix and some more detail on how I plan to trade the accumulation phase and do some nice compound trading in a retirement account. Will likely stop posting new charts and just keep updating my trades here on this chart so be sure to follow.
Hello again, still watching the monthly and weekly charts on GME. It's possible we have a new bull run in the next few weeks, but i believe we still have more downside. Institutions still are not buying and there has been no major increase in volume. Follow the money and think like a whale. With that in mind i believe we will still see $50 range and see some form...
AMC looks ready to have another run here soon. Daily GAP at $16 is a great place to take up a position. Using patterns from previous runs we could see $100+, retracement, then a $500-$600+ run. Good luck!
Updating monthly chart trade from before. We have hit the first monthly MA support. I think its inevitable we go lower to the lower MA for support which coincidentally aligns with the $50 resistance range that may now become support. Judging by the timeline it could be another year before any kind of MOASS, which is good for any long term holders. Good luck!