Hello friends. Bitcoin has been a tricky beast to trade for many wave theory traders (including us) for the past couple of months. This is because it is undergoing a very complex structure that can be hard to untangle. That said, we are starting to gain confidence that the big pump we've been waiting eagerly for could be right on the horizon. It's very possible...
Hello friends. A year ago, the market had many Tumors. Tesla, Bitcoin, GameStop, AMC, and others. These tumors wasted capital on useless endeavors and enriched some of the most terrible and disgusting people alive today. The people at the top of the tumor. The ones that got in early and bet that small tumors would grow to be massive tumors. The founders who...
Hello friends. We would describe Ethereum as "dying in slow motion". It will ultimately collapse, but there may be a chance to trade a high-risk retracement to the upside.
Hello friends. We've been bullish since the low, but now the market has entered a period where there does not seem to be a huge edge one way or the other. At this moment in time, we are not net short or long on risk, and we are waiting for a new opportunity to emerge for a trading idea. This count shown is our Secondary count. The count we showed last is still...
Hello friends. I earned $4,000 shorting LUNC near the top. I want to sincerely thank every single retail trader who argued against me in the comments and provided me the liquidity needed to short this horse shit. Your losses will not be for nothing, as I will spend them wisely. The market manipulators who extracted billions of dollars from you "lottery ticket"...
Hello friends. Every so often, the composite man (also known as the market manipulator), smiles upon an asset. The plan is to get liquidity and extract value from retail speculators who are eternally biased towards buying the peak of parabolic rallies and selling the bottom of parabolic dumps. A universal pattern in all markets is the establishment of an obvious...
Hello friends. There is an interesting correlation between the TIP ETF and inflation. TIPS stands for Treasury Inflation-Protected Security. These are fixed-income assets with a built-in hedge against inflation, so investors buy TIP when they expect high inflation and sell TIP when they expect low inflation. There is a clear lag between the movements in the price...
Dear lunatics. Please read this to clarify your concerns about the price potential for LUNC token. If the price were to reach $0.001, then the market cap would be $6.9 billion dollars. Luna would be the 14th biggest cryptocurrency (counting stablecoins), behind Lido Staked Ether. This is not totally unrealistic, but it is still pretty far out. It's a long...
Hello friends. Gasoline has come crashing down, and commodities have only fallen about half as much. Because the major price in producing most commodities aside from labor is gasoline, it makes sense that the price of commodities will follow the price of gasoline quite well. However, there is a lag effect. It seems to take quite a few months from the point when...
Hello friends. The bears have been lured in by juicy big red candles, and are now buying so many puts that they have pushed the put/call ratio all the way up to 0.99 from a low of 0.74. That is an increase of 34%. Big increases in the put/call ratio usually led to big increases in the price of risk assets. It's plain to see that the sentiment has turned very...
Hello friends. The consensus among traders and investors is that the market will collapse. Market participants have good reasons to beleive that this is the case. They can pull any card from a hat of narratives. Shake up the hat, and out comes "Recession". Next, we draw "Europe energy crisis". And then we draw "China real estate crisis". There are lots of reasons...
Hello friends. It's time to hop on the ark so that we can avoid the flood. We have modified our primary count of ARKK based on the length and shape of the corrective structure, and we think that it's quite likely to take another leg up. The alternative is that ARKK can go straight down to around $30, and then complete the bear move there. So really ARKK is...
Hello friends. We think Bitcoin is likely to start trending upwards soon and follow this count or possibly a similar count. There are several reasons why. Open interest fell into this decline The liquidation profile shows a large cluster of short liquidations at $24,000, so this will be a good minimum target Twitter sentiment is exceptionally bearish, currently...
Hello friends. This ticker is an index of some of the biggest and most liquid banks. When we chart it using elliott wave theory, it shows us that the most likely move is a nuke into the end of the year to complete this whole flat correction. This goes along with our macro idea of being bearish on risk, so it would make sense. Thanks for playing.
Hello friends. If there's one thing I've noticed when trading around news in the markets it's that news very often pinpoints reversals. This is because for a moment news can mold the entire market's sentiment about a particulat asset. In the case of OP, there were suspicions that the token had been hacked and that a massive amount had been stolen by the hackers....
Hello friends. I've created a simple index that measures the collective movements of major US brands which produce physical products and have near total monopolies on their markets. The fun thing about these monopolies is that they have complete price control. This means they are not even slightly impacted by inflation . In fact, they can use it as a profitable...
Hello friends. The good old Scam Top is a classic and powerful pattern. We see them on all time frames and all markets. You will spot this pattern when you see an extreme move up followed by a retracement down and then a move just slightly above the prior high. That move higher is the "scam" that that snatches liquidity for large traders by taking out retail stop...