I have a lot of friends who have gotten wealthy by getting into Bitcoin and Ether at the time both were very cheap and experimental. And that made me wonder for the past few years about them.
I'll be referring to all cryptocurrencies as bitcoin just to try and capture the essence of the beast without diving too deep into nuances and details.
Do they have any...
BiliBili just broke down from it's support, it has been weak compared to the chinese market and showed weakness ever since it's last report. I predict the price to go at least 7 points lower in the coming weeks. It can go as much as 15, but on the cautious side, don't be greedy :-)
EXXON Mobile stock is going down to at least 30.
Oil broke it's trend and appears to be going down
Exxon has been in a weak position as it's also deposed out of the DOW index.
The major indexes showed weakenss last week and IMO will see at least 5-6% loss the next week.
It seems that Tesla is forming an head and shoulders formation. Confirmed by low volume. If the neck line is broken we might go few hundred points down. Maybe a good time for a short?
Many people in the gold space were seeing a forming cup happening and were wishing for an "handle" pullback so they can buy more. To my eye, it doesn't look like we are forming an handle any time soon.. and as far as I'm concerened a serious pullback is just wishful thinking at this point.
So far gold is not showing signs or stopping or signs for a top. heck.....
Bitcoin might be going to the moon in the future, but for now I would bet on a correction back at least to the 10400~ price. Generally the move up to 11k looks artificial and unimpressive. Hope I'm wrong for all the BTC bulls out there :-)
The S&P500 has found a cozy base at around 3230 which it has been trading around for the past few days. On one hand we are seeing more liquidity programs from the Fed and the US Goverment, on the otherhand we see endless riots and violence, catastrophic floods in China, and world-wide instability. Expect to see a violent move to the downside or a moderate move to...
We are seeing the beginning of a correction on the daily timeframe. Buying silver at around 23~ is the way to go now. Prices might get as low as 22.5 (unlikely) with an upside of at least 27-28 until the next correction.
