GOOG: Inverted Cup with Handle Google is playing out an inverted cup and handle with a conservative price target of $73-76. The price target should be lower, around $71.50, but I shaved a little off because there is some old support from the Jul-Oct 2020 period that should buoy the price, at least for a bit.
The daily EMA ribbon flipped bearish in April and since then a precipitous 38% downslide has ensued, the most recent retest of the daily EMA on Oct 24th yielded another crushing rejection. Price should be ready to run again to the downside as it recently slipped through a support/resistance line unrelated to the pattern around $89.40 and has since completed a pullback and been rejected.
Bloodinthestreets
XRP ARMY LOAD UPExtreme fear means extreme bullishness!
pour everything you've got into the new financial system at these prices and i can almost guarantee that you will be on the rich.
This is the biggest opportunity to stack up on the worlds greatest digital asset ever created.
take action or lose out.
LETSGETIT💰👀
SVXY - easy way to find bounce back daysSo on the SVXY any time we have a very large spike to the down side pay attention to the price rejection on the bottom of the red candles with extremely large wicks 9 times out of 10 the following day we have a solid green day. Today is only the second time in 2021 we have had bad to back extreme dips with a slight green day in between the two huge red candles but as i mentioned pay attention that todays candle does not have a long wick meaning buyers are not rejecting this lower price which could mean tomorrow should be a continuation for todays price action. there are many other ways not just this one but this is a frequent one i watch which has helped me out tremendously
ALTS DON'T LOOK PRETTY!I AM NOT GOING TO PROVIDE FUNDAMENTAL ANALYSIS OF THE CRYPTO-CURRENCY MARKET!
HOWEVER, FUNDAMENTALLY, THE OVERALL CRYPTO MARKET IS SATURATED AND FOR THE CRYPTO-CURRENCY INDUSTRY TO TAKE OFF, A CULLING MUST OCCUR!
ALIGNING MYSELF WITH THE AUSTRIAN SCHOOL, I CANNOT HELP BUT BELIEVE IN BITCOIN'S EVENTUAL DISAPPEARANCE, ALTHOUGH I THINK THIS WILL OCCUR IN THE DISTANT FUTURE!
THERE ARE HOWEVER A GREAT NUMBER OF PROMISING BLOCKCHAIN IDEAS THAT WILL HAVE AN INCREDIBLE IMPACT ON HUMAN SOCIETY AND ARE WORTHY OF INVESTMENT!
TECHNICALLY HOWEVER, THE ALT-COIN PICTURE LOOKS UGLY!
THE 200-EMA IS PROVIDING SUPPORT AND A DOUBLE-BOTTOM IS IN THE CARDS, BUT WE ARE EQUALLY FORMING A DESCENDING TRIANGLE, ARE MONTHS AWAY FROM BREAKING THE LAST REMAINING TREND LINE, AND VOLATILITY HAS BEEN DROPPING OFF A CLIFF!
IF AN INVESTOR WAS LOOKING FOR LONG TERM RETURNS, I WOULD WAIT FOR "BLOOD IN THE STREETS" BEFORE ACCUMULATING FUNDAMENTALLY SOUND PROJECTS THAT SURVIVE A MARKET COLLAPSE!
BITCOIN - WHAT YOU NEED TO KNOWHey there,
Thank you for supporting this idea with likes and make sure you follow me here on TV.
so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history.
A rounded 40%decline in 1 day. An incredible number for any trader.
There are now some key questions to be asked:
What really valuable asset is able to drop 40% in one day?
What could have caused this spike and will it happen again?
Is this the end of Bitcoin?
To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin.
It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come
back up to those.
While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in,
I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree.
Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether
or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day.
So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement.
Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful.
Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy.
Cheers,
Konrad
SILVANO FASHION (SFG1T) | Buy when there's blood in the streets!Hi,
Silvano Fashion Group AS is an international lingerie distribution group involved in design, manufacturing, wholesale, franchise and retail of ladies lingerie. Silvano Fashion Group has more than 2000 employees in 5 countries.
I got a lot of questions from my Estonian followers: "What do you think about Baltic stocks?". In the next following posts, I would like to point out a few stocks from Nasdaq Baltic.
Silvano Fashion has been on my watchlist for a while and now the overall panic has dragged the price almost to my prepared area. It is a good dividend stock, currently undervalued but as we all know, the current market situation is highly risky.
"Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you see a long-term perspective and you have done everything correctly to buy it. - and after that, your decision is on the hands of the market.
Technical analysis criteria are pointed 1.65-1.85:
1) Fibonacci Golden Ratio 62%, acting as a support level.
2) Fibonacci Extensions.
3) The blue minor trendline should act as support.
4) Historically worked orange support level.
5) Equal waves of AB=CD
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
BITCOIN AND ALTS UPDATESThese are exciting times! BTCUSD has been charging north up to 10,000 - and into a zone of structure. Nerves may set in. People have forgotten about the ALTS where there is now 'blood on the streets'.
I review a bunch of ALTs where nobody would want to invest.
Disclaimers: This is not advice. Your losses are your own.
$6 BILLION BUBBLE POP! This is a rare and exciting example of a bubble that popped.
Testing the theory that the best time to buy is when there's blood in the streets, would anybody buy this stock now?
Well I don't imagine many people would buy now. I'm not tellin' what I'm doing!
This is not a recommendation to trade securities. If you take a position and lose your money, kindly sue yourself!
Panic break outs, blood in the streets, sell sell sell... :)- Too many too strong resistances withing a down trend of the green symmetrical triangle.
- Most of the resistance is between the SMA200 and MA200.
- We test the red Ichimoku on 4h= another strong resistance.
- We are below the red Ichimoku of daily = another strong resistance.
* Closing daily below 10k = bearish...
- We don't have enough volume buying power to hold the too many resistances in the green triangle which means we will break down.
- Breaking the green means breaking the purple as well since way too many tests, means we gonna have v strong break as this is a very strong resistance.
- With so much bearish panic, and such low buying power, and such strong breaks we will touch a 3rd time on the descending = break even harder...
* Expect blood in the streets, fear, panic, death calls for BTC = time to buy at 5-8.2k <3
XRP - 122 satoshi left to fall !!!The XRPBTC blood spill is probably soon over !!
122 satoshi are left to fall further ....
Even if we make a false break out and an around the wedge move - it is almost time to go !
If you have not yet loaded the truck - it is almost time to do so !!! (just my opinion)
The Bitcoin BottomNo I don't know where the bottom is but....that trendline tho (fun fact, same exact angle from 2015)
Bids are in... (they may never get filled, which is v cool, will be focusing on alts in that case)
Primarily the green line (3457.13)
If we drop further I will be buying down to 25XX level. The stop loss pictured here is not automatic.
As a Bitcoiner my risk tolerance for this trade is abnormal. Willing to try and long the bottom.
RR for shorting here is terrible, but I could see this going lower than my primary bid. Stops will be tightened tf up if/when we pump, a drop back to these levels or lower is not out of the question.
RIZKY(er) trade, but end result can't be worse than those hedge fund managers about to close shop.
[ ]
GL, have fun, stay safe.
S&P Views and Projections: Hold on to Your HatHere is simply what I think the S&P will do in the next two decades. What goes up must come down. Despite political turmoil in the United States, which country is better prepared with a more developed, regulated, and with a perceived "safe" and open financial market, than the U.S.? RSI, Stoch, and MACD all indicate the potential for a strong sell-off. But what do you think? Can wealth be created and destroyed, or only transferred? Are the laws of supply and demand an ultimate truth or is it possible to manipulate a market by creating false demand? Post your thoughts in the comments below! Happy Hunting Everyone.