Piggiiieee

Piggiiieee

Simple price action. Tesla has made significant upward progress. A great deal of retail interest has entered during this upswing which typically stifles the growth of a company's stock price. Retail traders buy and sell at bad times which causes two major effects to a stock. First, retail holders will buy instruments at all time high's and will emotionally sell...

Piggiiieee

Bart Simpsonman yeah wooooh! Cowabunga dude Eat my short yeah. Idk its late. BTC down, maybe. Dank maymays

Piggiiieee

BTC is selling off a local top here. Is this the end? Just a dip? Who cares! Make money while the market decides. I see a lot of people use fib retracements literally anywhere and everywhere. But this instance is a perfect example of when fibs can be useful buy and sell zones. What will occur over the next few weeks is the reduction of volatility in bitcoin. Price...

Piggiiieee

I dont have a crystal ball but the current ascending wedge in Bitcoins price action appears weak. This will likely lead to a "fakeout" and very sudden downward spiral (Short term). Reason 1: Wedge inclination. The wedge increases in price very quickly meaning that almost all long positions within the range are profitable and active. FOMO at this level is massive...

Piggiiieee

I dont know who came up with the DOGE pump and dump but boy did this one go. Even Elon Musk helped inflate this bubble. What you see here is basically a rerun of 2017/2018 when brand new investors flocked into whatever coin the "people" were buying. DOGE is not "the peoples coin." If your seasoned in crypto you understand that Doge holders are majority 4chan...

Piggiiieee

Reddit is pumping BTT (likely BTT whales using bots) but nonetheless this is identical to the last legs of the 2017 bullrun. Tesla buying 1.5bn doesnt mean "Tesla Market bought 1.5bn worth of bitcoin at 47K" which every emotional trader cognitively assumes without actually considering what that headline means. For all we know Tesla could be investing in...

Piggiiieee

Quick swing trade I am be playing. The amount is small and leveraged with a stop loss as it has a reasonable chance of failing and failing quickly. Top buyers from previous pump are either still trapped or sold at a loss. The coloured zones are levels of sell pressure where trapped buyers either escape (A) or where market makers exit the stressed/liquidated...

Piggiiieee

When it comes to altcoins, whales tend to own an overwhelming majority of the coins on the market. In these market situations if large holders stop selling their holdings, the supply can quickly dry up causing price to skyrocket. We all know this phenomenon, its a pump and dump. But with "pump and dumps" there are key price movements that a vigilant trader can...

Piggiiieee

I have seen and tested many strategies in my trading history but I have yet to find anything that can guarantee a 50% or higher win rate (And that 50% rate is before fees and taxes!). Bollinger bands do not provide a competitive edge, but rather, provide something more important to a retail trader. Clarity. Bollinger bands are based on the standard deviation of...

Piggiiieee

It appears that a large portion of holders have taken profits at 40K. The resulting price drop has managed to find liquidity to rebound, yet this rebound has failed to produce a momentum that can reach new ATH. BTC is now showing an hourly bearish flag and is likely to test lower with a very volatile panic slide. BTC crossed the 100 day Bollinger (4 Std Dev) at...

Piggiiieee

Remember the fundamentals of stocks don't matter in the modern stock market. Banks need volatility from markets to make money and its far easier to short sell the current zone than it is to prop the price of large companies higher during a downturn. Just ask yourself ``If I were a bank would I carry all of these schmucks to all time highs and hope they don't...

Piggiiieee

Captain J Powell launches swiftly from the SS Fed. Undercarriage holding a multi-trillion tonne warhead he heads straight for the red snake. "QE missiles launched command." The voice echoes through central command. "The bottom is in." Commander in Chief Trump whispers under his breathe. An accumulation zone forms as QE missiles hit the beast. Clouds of uncertainty...