Buy low sell high, but don't forget to sell high. Its expensive. This one should be more straight forward, its the final version of this but I may have to edit comments $10,000 of risk for $55,000 of reward. The put options intended for this trade are spread between the strike prices below 260 but we will have more details to follow. I have been...
Hello dear followers, Bitcoin is getting the blow off top everyone has been waiting for. If this continues and follows the same proportions as in the last bull market, we can expect a 40% drop. Also the price usually comes down to the 20 week MA. I have extrapolated this moving average in the chart. I expect a ABC correction, first down to the bottom of the...
I see a lot of people comparing this area to the 20k top in 2017. During this consolidation period, sentiment has ranged from extremely bullish to extremely bearish with only a small few that I have witnessed, publicly acknowledge the macro consolidation length and what it may mean. In 2017, we spent 2 weeks grinding the top of the range before plummeting to a...
Hi everyone, Seeing the powerful parabolic rise of this year, I decided to look at 2017 and try to extrapolate an idea. It's a wild idea, I get it, but it's nice to see for some perspective of how powerful this year's parabolic rise "could" be and how big of a crash we could expect if it does actually play out. AB= April to Sept 2017 CD= Sept to Feb 2017 AB =...
Just an idea; I'm not sure about this but I expected a LOT more selling, and it's not happening. An ABC countertrend surge may be in progress; if so, we'll have a new ATH this summer. There is NO rational or logical reason for this to occur; therefore I consider it highly likely. IT's exactly what happened in 1929... Fascinating that Fib time projects...
Good morning traders. "Journalists" and "analysts" have littered social media lately with "explanations" of why price has reached the level it has, most often justifying it as a result of Fidelity, AmeriTrade, and Baakt entering the market. The reality is that price is exactly where I said it would be in January/February, long before all this news even hinted at...
The rally from 2009 low to the last peak was 1.618 the net distance traveled with wave 1 to 3 for the 5th wave the Orthodox TOP and odds are high that we are in a wave B rally we could see targets from 1646 to 1756 and even 1830 BB bands on a monthly scale have now been taken out as we did in the final wave up into 2000 peak .We will know the...
In this video update I make my case for one last blow-off top in the SPX500. I breakdown the chart using Elliott Wave and Fibonacci for technical as well as discuss the impact of the inverted yield curve on the equity space.