drshoe

drshoe Updated 

we might have another correction and then move much higher. The price has been in this tight range for a while now and it is accumulating energy and will break either up or down. My bet is to the downside so that we can attract enough buyers then move up further.

drshoe Updated 

Seems to be a high probability trade. Short gold right now and put the stop above 1185.50 and profit target at the median line.

drshoe Updated 

SPY might bounce after these two retracement level. My bet is on 60% after market opens Jan 3rd. Be ware of wash and rinse and the market might overshoot the 60% level to run the stops then bounces. Happy new year!!!

drshoe

we just took out the high we made few weeks ago. It looks like the index is going up again. I suspect it will it the top line and then falls back to the lower trendlines. Then we will go a lot higher from that point. I am remaining neutral at this point as the upside potential is not big.

drshoe

We have a higher low after breaking the trend line this time. It's a multi year behaviour change. Maybe we have hit a bottom already?

drshoe Updated 

If you take a look at the chart in log scale. the price has gone totally vertical. I would take profit here if you have some coins.

drshoe

Bitcoin price has gone vertical by looking at weekly chart. should expect for near term consolidation if you are still bullish

drshoe Updated 

Happy new year everyone! I feel like this is how SPY will act given by the fib levels. I could be way off of course but if SPY keeps going up like my arrows show. we could have a major correction coming in the near future.

drshoe

Nvidia has gone too far too fast. My background is in computer engineering and works for a company that does machine learning and AI. The current valuation is definitely, in my opinion, very extended. If NVDA's earning growth does not keep pace of the growth in market cap OR if the general NASDAQ becomes weak, this stock can be very vulnerable going into end of Q1...

drshoe

I think right now it's the time to short USOIL as it approaches the upper parallel of the median line. It already formed a 3 drives to the top pattern

drshoe

Due to massive sell off and market bubble early on, unfortunately we will enter a bear market again... maybe until 2022. then the market will rally to a brand new high. This is my long term prediction

drshoe

Gold is facing a major resistance around 1150 or it might go up higher to 1170 level. Then we could short there and it might go down to 1110 level which is a major trendline in the monthly timeframe. I would buy there if the price action does interact with the trendline.