TLDR: Rate hikes do not hurt the markets
This chart clearly shows that the Fed raising rates does not cause market crashed. There is a narrative circulating right now that when the Fed raises rates the market is finally going to pull back worse than ever. There is no precedent for this in the last 20 years.
4 scenarios are shown:
Owning the Dow only when the...
Not much to say here besides what looks like a pretty clear bear flag forming after a steep drop capped off with a high-volume red candle. Don't know when we break out of the 33.5k-42k range but if we break and hold the downside I'm looking for a pretty harsh drop.
If long set stops to protect your downside and if short watch for a break up above ~42k which would...
Bitcoins hourly volume is still extremely slanted red. The most interesting day is 5/20/21. Here we see a green day with the highest volume candle being red.
I still see this as whales unloading their bags and letting retail buy it up so they can dump again. I maintain my short and feel confident reloading every time we hit the 40k level without surging past...
There is what looks an ascending triangle mixed with a bear flag on the hourly chart about to burst. Based on my previous posts combined with this I am very bearish here so my I am loading up on my shots with a target of around 30k. Stop loss of a little over 40k.
As I've said before I think that top resistance is the most important level so if we hit my stop and...
The analysis I posted yesterday about a likely 200-Day EMA rejection played out nicely. While the pattern played out as predicted, the fundamental backdrop got worse significantly faster than expected. Because of this I decided to leave my stop-loss as is instead of adjust for each price level.
With how firm the resistance is holding up and the volume that we're...
Play on rejection of 200-day EMA after bulls fail to break the downtrend with tight stop loss.
Stop Loss: 44,000
Target Price #1: 35,000
Target Price #2: 30,000
Target Price #3: 25,000
At each price target move stop loss to 10% over target value.
First dip below 200-day EMA of the bull run. Sharp rejection possible.