bitdoctor

bitdoctor

Hey everyone! I'd like to point out a medium risk trade but one that could have a decent reward. This particular asset has been in a slow bleed after poor earnings back in the beginning of August but my indicator is suggesting that there's a decent probability that this is done selling off and could be setting up for a 17% run up to approximately $23. Why $23 and...

bitdoctor

There is a little hopium on Gold. The fact that it hit the 61.8 retracement on the drop back in mid-June shows some signs of life in an asset that everybody hates. It is possible to make money with Gold but you have to be very calculating with it. I see an upside target of about 1950-1980 from where we are. Certainly this could take many many weeks to play out,...

bitdoctor

I am starting to be very bullish on 10 year bond rates. This chart looks like we created a bottom last week after creating a major bottom last year. People forget that things don't keep going up and, well, people got their faces ripped off in 2019. In 2020 there were signs of a bottom. I took a trade a couple weeks ago that profited on the drop in rates and I've...

bitdoctor

Market correction is imminent. I've posted several big wins recently and now I am sitting in cash and have hedged short on SPX. As I've mentioned in my videos as of recent, NDX made new highs and is also reaching a point of exhaustion. Individual stocks are very strong but the market is due for a larger corrective movement. I'm expecting SPX to make a move to...

bitdoctor

It's as simple as this. We've had a parabolic move and we spent a couple months in the 50-65k distribution range and now we're in a reaccumulation range. Looking at elliott wave theory, There's a chance we're bottoming right now (potentially down to 26-28k) and will start to see a movement to the upside. I bet it comes in July or August then I believe in...

bitdoctor

Thoughts and ideas are for educational purposes only. Similar to the TLT idea I posted not that long ago, I'm also expecting these T-Bond futures to have continues upside in the near future. Within the next month, I'm expecting a move into the mid 160s. The entire corrective cycle is complete from what I can tell and we've attempted to break through this...

bitdoctor

Thoughts and ideas are my own view. Now, I've been in a trade on TLT for a little while now. About 2 weeks. It's quite obvious there's a couple things going on here: 1. A reduction of downward momentum that ended in mid-March. 2. A move up followed by a corrective move to the downside which did not make a new low 3. Our indicators indicated we were about to...

bitdoctor

I've been following google for a while and have made decent trades with it. Right now, I'm leaning toward us finishing a move before a larger downside correction. The structure looks ok from an EWT standpoint with decent subdivision. Wave 3 target is sitting about $2430 before we start to coil and see a last move up to $2500 (or more).

bitdoctor

TLDR: 2-4 year outlook here. need some more time before making a full decision to go into bear mode. We've been doing really well these last few months up until recently. Everybody making money. Euphoria. Now it's time to take a step back and look at the bigger picture. We've been discussing this internally for a few days now and looking at levels of...

bitdoctor

I would say that Cardano has been one of the better performing assets of 2021 and it's going through a bit of a distribution phase if you ask me. It looks like we're in the making of a bear flag in a complex correction. We appear to be moving back to the 61.8% retracement which should put us somewhere between $1 and $1.02. This is where I'd be interested in...

bitdoctor

Just like with my S&P 500 post from earlier today, this is a large analysis that goes back to the charted beginning of bitcoin. I take it a step further starting from when Bitcoin had zero value. Lets pretend that starts in January of 2009. (Short term, as of 2/28 at 4PM EASTERN, I am very bullish with the price action down here in the mid to low 40's) According...

bitdoctor

While it is important to realize that we could drop at any moment, we also need to realize we are in a pivotal time in the market. There's a lot of history in here going back to the late 1800's. While everybody is waiting for an imminent collapse of the financial system and rotating into cryptocurrency such as Bitcoin and Ethereum, people fail to realize that...

bitdoctor

The initial move up is very messy here as you can see in the chart. There's a lot of spotty price action making it difficult to get a great count, but what I can say is from the bottom in December 2020 to where we are today, I see a potential for a 5 wave structure on a smaller degree that has wave 4 nearing completion. We are close to the 50% retracement on my...

bitdoctor

A lot of people out there are looking at the daily close and saying that we're bearish and we're going back to zero again. Be careful trying to aggressively short. Take profit on spot exposure, get some low leveraged shorts, sure I can get on board with that. Here's what I am looking at, however: First off, taking a trend from the lows in Dec 2018 to the high...

bitdoctor

Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation...

bitdoctor

This is not financial advice. These are my personal views. Nothing in this should be taken as advice. Looking at the log scale going back to the great depression, there are several things that we can see. We've been in this channel for almost a century. Ebbs and flows and signs that we are running out of steam. I heard people joke around a few months ago that...

bitdoctor

Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Let's face it. AMC hasn't had a good run the last 2 years. We started a bit of an uptrend in July and I am betting it will continue. We're below some key moving averages such as the weekly 21EMA and the monthly 21EMA as well but...

bitdoctor

Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. I promise this is not an analysis to gain followers or become an XRP Army fellow. This is just a real analysis of something that is showing some potential. That being said, here we go. We've all seen the channel and I'm here to...