TheMandalorian27

TheMandalorian27 Updated 

Now that we know the virus is not going to get even remotely close to what the models were projecting (for now). I think it’s relevant to compare this V-shaped price recovery to the December 18 market plunge. Dec. 03 peak to Dec. 24th trough = we plunged 17.10% (in 3 weeks) From that bottom to Jan. 18 peak = we rebounded 14.74% (25 days) -->We recuperated about...

TheMandalorian27 Updated 

Broke out of consolidation phase. My guess is we see a rotation of anti-establishment retail traders into bitcoin

TheMandalorian27 Updated 

The recent drying up of supply has contributed to greater volatility. What you're witnessing is less and less coins available to trade due to many deep pockets sending coins away into storage (wallets, custodial solutions). What went underway was a very unique situation and may very well be looked back on as a very very good buying opportunity. Next big news you...

TheMandalorian27

Comment below what you think is going to occur

TheMandalorian27 Updated 

The market is either throwing us a bone meaning this is the best opportunity yet to get in on the remainder of this rally. OR, we fall through $281-282 and the unraveling of this market begins (which is the rational thing for it to do)...I will decide at the close today if I go long or short.

TheMandalorian27 Updated 

Now that we know the virus is not going to get even remotely close to what the models were projecting (for now). I think it’s relevant to compare this V-shaped price recovery to the December 18 market plunge. Dec. 03 peak to Dec. 24th trough = we plunged 17.10% (in 3 weeks) From that bottom to Jan. 18 peak = we rebounded 14.74% (25 days) -->We recuperated about...

TheMandalorian27

This 164-166 range is a good place to be accumulating. High volume of open orders/buyers here so it's gonna be hard to penetrate. I'm looking for a strong bounce here to verify that buyers are a still willing to pay this premium, otherwise, next stop is $154

TheMandalorian27

This is going to be a crazy week ahead. We're in a similar situation as we were in March 6-11th. You're going to see high-velocity swings up and down the next 2 weeks until one side capitulates We've been faced with one black swan after the other. First it was Covid-19, then FED unloads the kitchen sink, now this...Just a heads up, deflation = kills Fed printing...

TheMandalorian27 Updated 

This is going to be a crazy week ahead. We're in a similar situation as we were in March 6-11th. You're going to see high-velocity swings up and down the next 2 weeks until one side capitulates

TheMandalorian27

Double bounce off Fib .786 combined with RSI trend line bounce. All point to a textbook cycle completion to 316... As crazy as it is, this market wants to go higher before it goes lower so there is some gas left in the tank.

TheMandalorian27 Updated 

I'm paralleling our current situation to how Feb. 20 - March 9 played out. I think this is a similar sequence just on a larger scale.

TheMandalorian27 Updated 

I bought some SPXS 3x short this AM with the intent to play the technical rejection and flip it. I thought we would continue to see an artificial rally to test FIB 0.5 (279.50 SPY) The fact that we didn't have enough steam to reach 279 tells me people aren't as bullish as the media is portraying. Plus we saw double retest and rejection this morning. First, we...

TheMandalorian27

W shaped recovery. check out my prior analysis for full explanation

TheMandalorian27

Friday midday, the market looked like it was going to break out to begin a major decline back down to FIB 0 (DJI low of $18,169). Market held above FIB .236 (DJI $20,870) with the assistance of Fed playing "follow the leader" to artificially prop the market Friday afternoon. We consequently saw a strong bounce up to Fib .382 ($22,600), I think we see a rally to...

TheMandalorian27

This is a critical point consisting of a lot of intersecting lines. If we breakdown here, the next stop is $38.77. We broke through 50 day MA as well.

TheMandalorian27

Equities: a bear market correction There are always transient waves of hope. Even in the more dire circumstances. In the markets transient waves of hope are called bear market corrections. A Bear Market Correction up from 2192.86 Markets discount future events in advance. So from time to time the market must pause to allow events to catch up with the price. In a...

TheMandalorian27

What most people are overlooking is the 2011 market decline. I think we're going to see a sequential bottom with an undercut of the prior low. It happened in 1974 in which there was an Oct. low with a subsequent Dec. low. It happened in 1980 with the bunker hunt decline, in 2001, in 2008-9. Point is we historically have had secondary tests. This death cross of...

TheMandalorian27

False bullish divergence signal was the catalyst for yesterday's strong bounce back up? ADX indicates we're in a strong trend. Meaning we're no longer in a ranging market where RSI is more relevant.