goobur

goobur

Title pretty much summarizes the idea. Demand could go right back up if the job market recovery from this Covid-19 mess is quick. Assuming the recovery is not quick, then surely demand for goods like iPhones and MacBooks will diminish for the remainder of the year ahead.

goobur Updated 

My outlook on Bitcoin/Crypto has been bearish for the better part of a year now because I thought back then and continue to think now that retail traders and investors have been burned a few too many times on this asset class. The “golden goose” institutional investors won’t step in if they don’t have anyone to sell to - and so the primary issue facing Bitcoin...

goobur

It was a really, really bad flu season.

goobur

Yep.

goobur

Today, I have decided to use a very popular indicator as a prism through which to view the SPX - the Bollinger Bands. While some of it is difficult to see from this zoomed out perspective, I have marked on the chart the accompanying decline/advance that follows after the monthly SPX has risen above the two standard deviations upper Bollinger Band. Since 2010,...

goobur

It would seem that sentiment has shifted in the crypto space. Late 2017’s reversal at 20k and the subsequent failed attempt at reigniting the bull trend in 2019, in my opinion, have inflicted serious damage upon the psyche of investors. Flipping sentiment will take time, possibly years (see: gold ), and so I anticipate continued selling or stagnation. How low will...

goobur Updated 

This post is not based upon any real technical or fundamental analysis and is purely speculation. I’m just pontificating about what someone with a majority of their wealth made in Bitcoin, and perhaps still held in Bitcoin, might want to see happen in the crypto market. Wealthy crypto investors don’t need the price of Bitcoin to skyrocket to achieve financial...

goobur Updated 

We're seeing a consolidation in AMZN that will eventually break and serve as a catalyst for further rallying or selling in broad indices. As marked on the chart, similar-duration past consolidations in the stock have resulted in an eventual washout bottom 50% lower than near-term highs. Four of the past six AMZN consolidations have ended after washout bottoms.

goobur

It has been a month, so I think I should check back in on both the "ALTUSD Prediction" and the "BTCUSD Prediction" ideas last posted. I have decided to be lazy and update both ideas with this new "CRYPTO Prediction". As we can see the “alligator jaws” of BTC vs. ALTs has widened. Both BTC and ALTS have remained under pressure since my last post, with ALTs...

goobur

Bias: bearish / Near-Term Supports (on ALT Index): 30 -> 25 In my previous post I was asked to share my thoughts about altcoins so I decided to take a look at them. I made a simple index that averages the altcoin/USD pairs trading on Coinbase so that I could get a general idea of how alts are performing, and they seem to be underperforming compared to Bitcoin by...

goobur

Bias: lower / Near Term Supports: 11,000 -> 9,000 -> 7,500