A lot of investors are getting optimistic view thesedays. I have to admit that my short position was wrong early this year. Traders must be very specific and fluctuated. However, even if the btc went up dramatically the macd and rsi are pointing out that market down turn hasn't over yet. My previous target was 12000 for btc but I will lower to 3500 from...
fear and greed index shows that we are in the extreme greed phase. Powell is still fond of raising interest rate again in september probably. This raising phase could create some deflation secenario/ dollar is very supportive around 100 to 101 area. I am forecasting another strong dollar section would come soon.
I analyzed s&P500 index today but it includes all of global markets. dollar index's power is gaining strongly. Biden's economic strategy with china seems not working well and USA and China's bond are too tight since 2008 financial crisis. the second possible Lehman brother's crash is on the way. I don't know which banks will lead the crash but this time it...
wti us oil is bullish. I was thinking about the head and shoulder pattern but I miscaculated. It didn't make the perfect H&S pattern yet!!! How? okay...so the inflation is rising currently due to chinese re-opening. This is awesome for the oil demand. Let's catch this bull trend for short term for now. My target is until 88 dollar.
I see some more upside for 31k with btc trading range. I think this bullish will be the great fake for all traders. It will probably make move looks like the Bear cycle is over but when I see a MACD. It always tells that 14k is much possible. I will consider short btc around 31k. I won't buy btc for now. I would rather wait to short this bad boy. Enjoy...
recently I was very much bullish on gold etf and I made good profit. I sold all gold commodity today and I wish to short the gold now. weekly candle is showing the strong bearish sign. This could crash the price of gold.
let's forget about current situation and circumstance of economy here. All pals are worry too much about economy. we all know that there will be recession in near term. But market tends to go opposite. chart looks strong and I personally apple's winning earning will obtained by spring. Let's hold apple until it shows the new high in march.
dxy looks getting stronger. Banking system's erros is big issue thesedays. Some banks in Hongkong are suffering with higher interest rate and debt. I was thinking that SVB was not a big deal. But many banks are suffering like a domino.
overall crypto market might fall between april to june the 2nd quarter of year 2023. Monthly candle shows the reversal signal and weekly candle is very much in bear mode. I was expecting for 12k falling but NOW!! I see the biggest crash. MACD is showing rapid selling also. Altcoins will be domino indeed.
we have to be careful to trade crypto from now on. Looks like bitcoin is in the bear mode. I was expecting to get some 31k but I should short the btc now. sell sell sell
Dejavu of 2008 recession is looming here in the world stock markets. This is not a joke. Deutsch and Cahrles Schwab are having troulbes. What if...more banks are revealing to fail. Are they too big to fail? MACD is getting bearish and all charts are indicating that parachutte mode is on. Looks like we are on the edge of the mountain.
spx showing some bearish movement today. I ananlyzed the weekly and monthly candles both. Candle is changing from bull to Bear right now. This kind of pattern shows very dangerous powerful crash. Maybe the big short will come soon. Dejavu of 2008 crash,.
dow was strong for 6moths. But looks like final bull run is about to over soon. All governmets are trying to hide the factor of banking crisis. This systematic problem will lead the great crash soon. MACD lost its power.
I took a profit around over 40% today. I analyzed bitcoin's move deeply. Looks lke bearish divergence is showing. MACD is getting weaker. I wanted to belive that bitcoin can reach 32k but I think 28k is the max for this bad boy.
microsoft is doing good with gamepass and chat gpt also. This bad boy is about to blow to 315 soon> I see some exciting pattern from the chart. Looks like earning will be nice also.
Recently investors started to care about economic data too much. Always advanced economic data is making the market, not the current data. Of course right now is very bearish cycle. But Dollar is getting weak and Powell is very dovish and stating the disinflation's possibility. We have to predict May's data not the March's. Data dependant investing always...
currently dollar index is with falling trend line. Usually it breaks the falling trend line with second attempts. 100-99 point is the target for dollar. stock market can go up also because dollar index would fall shortly. 105-106 is max I said before.
Please, look at the chart that SPX broke the long term downside trend since this year early-January . If you see my previous analysis I was very bearish since middle of 2022. Normally long term down trend reversal last at least 6months. Upside has shown for 3months now. I personally belive that one more quarter is left to play bullish further more. 1st....