A friend shared with me one sheet of reliable TA figures. So I'm going to test this one with this trade.
Chance of go up is 33% (If triple top is broken on candle close)
Chance of go down and breakdown is 67% + triple top if isnt confirmed = 90%
After a breakdown we can expect a pullback to the old flat support with a nearly 60% chance (So we would close the...
Log scale seems another chart isnt it? We bounced from the ascending support.
I'm expecting BTC to try again it's ath AND break it with some hope on 1300-1400. If we break this channel on the upper side we could see a new Mega Bullish cycle (Expecting 2500 USD)
We have NVIDIA broken resistances and making ATH everytime, but I'm just wondering how much time will hold this price action.
Drawing this curvature we can see rally about to finish as an stock cant just go vertical for ever.
NOTE: Every NVIDIA weekly fall is from -30% to -50%
Taking this trade. Also long on EURUSD. I would set a stop below the low made after brexit. Expecting it to go 1% up short term. This pair remembers me someway to EURUSD when Draghi started the QE.
Must admit, I had looses last week with SPX. But just want to remember that a new high doesnt always mean a new uptrend. Look 2008.
My opinion, based on just speculation, is that this MAY be a bulltrap. I may be wrong and crash just wont happen this year BUT there are some FA to believe it will:
Fixed rent / bond market bubble