Bitcoin halving will be non-event, Bitcoin needs to get rid of all the weak hands. Once the selling pressure is over. It will make it major move. Bitcoin remains in consolidation mode, even versus Gold and Nasdaq. Once Bitcoin broke out above 2019 high in USD term, in Nasdaq term, in Gold term, then that will be the start of the bull market. This is the game for...
There is no incentive to hold ringgit whatsoever. Inflation and weak economy will continue to cause purchasing power to decline. Beware Malaysians.
Finally we had our major corrections, stocks rebound strongly. And it will be business as usual.
Amazon brokeout versus Nasdaq, most probably will overtake Apple to be the most valuable company in the world in not so long distance.
Gold is still in bull market. Holding Gold is better than holding ringgit, for now.
Nasdaq rebounded sharply after hitting that important 8200 level. We are not out of wood yet. Regardless, permabear will continue to avoid the stock market and will keep calling for market crash, not knowing that when there is a correction, its the best time to buy high quality stocks or good companies. Now, I understand why so many people are poor and only few...
Most Malaysians don't know that Gold is doing quite good versus ringgit, and Gold versus Ringgit is in a PARABOLA, which may continue to go higher in the future. That's why I don't hold any fiat or cash. Fiat or cash are only losers. Tried to educate them, sadly, most of them don't know and don't care about investing, they care more about politics and other...
Finally, for the first time since 2017, the Altcoin Marketcap Weekly RSI is above 70. That by itself is important and significant, because it indicates a shift in sentiment and capital flow. Suddenly, people just realized that Crypto is not dead and never dead. As Chainlink about to break its all time high and go full parabolic. While most of altcoins are also...
It requires only 1 week for Hedera Hashgraph to recover most of the losses. THIS IS HOW FINANCIAL MARKET WORKS. If you don't get it. I am sorry. You are too gullible and don't understand how the game is being played. All the Bitcoin maximalist can barks while some people will be making a lot of money during this crypto bull market And by the way, most people...
I love my own Malaysian market because it is easy to see how "Sharks" and "Whales" operates. It is so easy and blatant. Yet, people believe that markets are rationale and supply demand. Nope, MAJORITY of markets are MANIPULATED by whales/sharks. How do you know that? Look at this stock as an example. The stock just went up 1000% in few months. And then we had...
Chainlink is one of the few cryptocurrency that still has its parabola intact and so close to its all time high. Not many crypto are in this position. Don't underestimate a parabola that is still near its all time high, the momentum remains big and this can go wild. Example of a parabola with big momentum? Tesla. People complains about missing the big run in...
Finally after a long wait, alt season is officially here. With Nasdaq shrugging off coronavirus and Tesla went parabolic, capital will indeed flow into riskier asset including crypto. The current setup for altcoins are more bullish than 2019 March-April setup whereby Altcoins are showing some strength versus Bitcoin, later to be crushed by BTC. The current...
Tesla has entered into a melt up phase and going astronomical now. Tesla is another example of why short selling is kinda stupid and why the top richest people in the world are not short sellers. Anyways, I am considering of reducing my long positions in Tesla as it goes parabolic and will add back when a major corrections happens. This can easily go to 1000...
A lot of my friends and colleagues were calling me and asking me should they invest in chinese stock market. First, getting exposure to chinese stock market is hard. Secondly, most of the money may and can be made in the short term, which is non of my interest. Chinese stock market is an example of how human emotions play and work. It is MUCH HARDER to predict...
BTS, AION, SNT, what the heck is going on? Well, this is crypto and crypto = human emotions. Nothing more. That's why I have said again and again, just throw away all your Elliot Wave analysis and Bitcoin toxic maximalism, if you understand how penny stocks, crypto is akin to that and much worst. Anyways, most people already gone and sold the bottom, its time...
Amazon jumps after earnings and back above 2000 USD, Amazon parabola since 1997 remains intact, nothing is bearish about the chart. Amazon is definitely heading to 3000-4000 USD per share as the company continue to grow its business. This is one of the easiest trade ever I have seen, I wish I learnt about stocks when I was small so that I never needs to work to...
How can Ethereum Classic suddenly just woke up out of dead and then doing this crazy move? 1. Ethereum Classic or Crypto has never been dead. Despite a prolong 2 year bear market, the whole market is still alive, with more exchanges and more coins being created. People always underestimate human greeds. Especially given the troubles in the fiat system, Lebanon is...
If Nasdaq is a Parabola and if it behaves as a normal Parabola, 12000-15000 range is conservative. 12000 will imply a 50% gain from an important 8000 resistance level. Which how much Nasdaq made during the 2016-2017 bull market. 15000 is needed if Nasdaq is going to have a major correction of about 30-40% (which will eventually happen in the future). It will be...