Hello friends. This is our primary macro wave count at the moment. We expect a peak at 4260 for the SPX followed by the 'crash' that everyone has been cheering for. The main thing that has to happen for this count to be the correct one is that retail traders have to stop cheering for a crash and position themselves long. Some of this capitulation can already be...
Hello friends. The price of the S&P500 has risen all the way to fair value. We have no trades on at the moment, but we would want to short it if the price can continue higher and complete the typical 1-1 extension for the ABC movement we are forecasting using Elliott Wave Theory. For now we will wait and see what happens.
Hello friends. We are shorting XRP because it seems that the market has substantially overreacted to the CFTC labeling Bitcoin & Ethereum as commodities within its case against Binance. We already knew that these regulators thought of Bitcoin and many other cryptos as commodities, so this does not come as any sort of breaking news, and it does not move Ripple out...
Hello friends. We are going to enter a long on ES because we think that the price is likely to rise based on our wave theory analysis as well as based on the liquidity in markets or the "fair value" of the SPX which we are currently over 1% below. We only used a medium size because we assign only moderate edge to the trade.
Hello friends. We will short the CFX token if it can pull back to our limit sell order as shown on the chart. This trade is based on wave theory as well as the volume profile which shows us a good area of resistance to short plus a good area of support which we will place our take profit above.
Hello friends. After making off wit the bag from our ES short earlier today, we are now considering an ES long. Our reasoning is that the price has fallen below fair value and is now approaching a solid support area from the 1-1 equality extension which completes this ABC correction to the downside. We expect the price to briefly tap the 1-1 level at 3933 before...
Hello friends. We are shorting the ES with a tight stop loss based on the volume profile's resistance area and also based on our wave theory view of the market at this time. Also important, the fair value has been dropping for the past week and continues to drop, and the price is now a bit above the fair value which makes it more ideal to be short than long.
Hello friends. Many in the crypto space have noticed that altcoins are lagging behind Bitcoin by a lot recently, and XRP is hardly an exception since it has failed to perform anywhere near as well as BTC up until just recently. On Tuesday it pumped hard, fueled by speculation about the ongoing legal battle between Ripple and the SEC. Many traders now believe that...
Hello friends. We have shorted Bitcoin with a modest size. Our reasoning for this trade is that the new and surprisingly popular "Bitcoin to 1 million dollars in 90 days" narrative spawned by the unintelligible "Balaji" will lead to a correction since it is a sign of retail involvement. His narrative does not make any actual sense, considering that a collapse in...
Hello friends. Here is an interesting observation. When you adjust the United States GDP numbers by the United States M2 Money Supply (Supply of dollars), it turns out that it has been dropping substantially since 1997. This means that adjusted for the abuse of the dollar, US GDP has been falling for the past 26 years! It seems logical to make this kind of...
Hello friends. This chart shows the important events with the AMC Preferred Equity, which has been a very fun thing to trade due to the fact that one APE is worth exactly one AMC in THEORY, but in practice, due to the fundamental fact that markets often are wildly inefficient and extremely stupid & delusional, the prices are dramatically different. This presents...
Hello friends. We have opened a relatively large long position for Bitcoin, risking about 1% of our capital. Our reasoning for this long position is based on the overwhelmingly bearish sentiment from content creators, the recent bankruptcy of Silvergate (seems like fade the news, similar to FTX bankruptcy in the days following the fallout contagion), and our...
Hello friends. In our original idea about Floki, we explained that the Elon Musk Tweet is extremely bearish for Floki since it means that the absolute dumbest retail traders have bought in and are now trapped holding trash bags. We took a trade that we later closed for a profit a little bit larger than our risk. This time we want to catch the full trade and hold...
Hello friends. Youtube sentiment has gotten extremely negative from only a small move down. Wave theory and sentiment analysis have been working very well recently as we have called out every move almost perfectly with our counts. We expect this wave count accuracy to continue. Here is a bit of theory on why thumbnails work to fade: Crypto "gurus" market...
We think this would be an ideal short setup based on the local peak in the hype created by an Elon Musk Tweet that caused a lot of speculation around this shitcoin. We are hoping it gets listed somewhere so we can give it a short. The peak to the day for Dogecoin was the Musk SNL show. I won't ever forget that one because it was the most obvious and easiest trade...
Hello friends. We did not post about it, but we made some good trades based on the AMC-APE conversion. We bought APE below a dollar back before the news came out that announced the conversion would happen because we knew a headline of that nature was likely to occur soon and sold into the huge spike. After that, we waited for a while. We wanted to see a pullback....
Hello friends. With every new breakthrough in technology, there are a massive number of people who fail to understand it and make ridiculously stupid 'investments' based on braindead speculation. This seems like a perfect example. A small bubble has emerged within certain AI-themed equities and even cryptocurrencies, and we think that this bubble is about...
I have analyzed thousands of traders on Trading View. Almost NONE of you perform better than a coin flip by a significant margin over the long term. Quite a lot of you perform worse than a coin flip by a significant margin over the long term. Even traders who have been at it for *years* are barely breaking even at best. If you are reading this, you probably suck...