The Road to 288k (PlanB S2FX)"I have no doubt whatsoever that S2FX is correct and bitcoin will tap $100K-288K before Dec2021"
On this chart we have the upper & lower bounds of bitcoins log channel. From a purely technical viewpoint it does appear that 288k is possible before 2022.
Lets play the waiting game and find out!
Bubble
Calling Tops is Virtually Impossible, but Here Goes!After nearly a decade, I believe the outright manic outperformance of tech stocks over commodities came to an end this past week!
Does this mean that the prices of shares in tech companies will fall or even crash? No. It simply means that commodities and the shares of commodity producing companies will outperform them over the coming years...
The cost of hedging inflation is about to skyrocket, make sure you are positioned accordingly...
A look at a century of logarithmic Dow - it's not a bubble!I keep hearing that stocks are in a bubble, but that just isn't true. People always look at charts in a linear mode, but this is not how math works. To get accurate prices and movement we MUST look at a logarithmic chart. When you do this for the Dow Jones average for the last century you clearly see we perhaps are a little inflated, but nowhere near Bubble territory. You want a Bubble? 1929 - now *that* was wildly over valued (with a subsequent epic crash). Now if in 2023 the Dow is above 45k? Then you can get back to me about how we might be in an asset Bubble. Until then I expect the trend to continue bullish.
NASDAQ100 1986 to PresentThe NASDAQ Index from 1986 to present day monthly chart.
Here we can see the 2000 dot com bubble, the 2008 crash, the 2018 tremor, the coronavirus crash, and the 'to present' recovery and continuing bull run.
This is a monster swell! And when this wave finally breaks over, there's going to be a monster crash.
Unbridled Optimism, Irrational exuberance, wild speculationThe NQ is stuck. how many times can you hit new ATH price in 2 days? 5? 10? 20? I watched Sam Zell, Billionaire Investor on CNBC this morning saying what myself and a few others say in the room.
While Retail traders use their stimulus checks gambling in the market, like the cocaine monkey hitting the cocaine button and ignoring food and water till they drop dead this market NEEDS to correct.
Is buying the dips a real speculation trade when we drop from 13,686 to 13,683? Nobody knows what will happen in any given moment in the Markets, and yet in the room 90% of Traders are predicting
what will happen in complex patterns, for example, "we will dip to NN,NNN and they go up". how could they possibly know in this market? We are in a crazy, irrational bubble..
Having said that I do think there is a good chance we get a "Turnaround Tuesday", we defiantly need to get an UP and down cycle going again... Hey it may not happen, there is a 50/50% chance it will.
It's just what makes sense.
LILA long [Target: $20]1) Given the current market dynamics, now may be a great time to buy "value" stocks. For example, I also really like $MO (roughly 8% dividend yield right now and a beautiful ascending triangle reversal pattern on the weekly chart).
2) I like Elon Musk but the company is grossly over-valued, and his $1.5 billion investment in bitcoin has a bubble like sentiment. Not that this provides any direct information about LILA's stock price, but my intuition is that it signals that the shift from growth to value in near.
3) The stocks with the highest daily volumes right now are meme stocks and penny stocks that have negative EPS and are in horrible financial situations.
4) The S&P500 growth stocks have significantly out-performed the S&P500 value stocks, but I believe this trend will start to shift in the near future.
5) Recent 13F filings show that value minded investors also find LILA an attractive buy right now.
**Not stock advice, do your own research**
The trend is your friend, that's the case for BitcoinLooks like BITMEX:XBT will hold the uptrend. Is forming a classic symmetrical triangle, while holding above the 20 day MA and the selling volume is been decreasing. This are all good signs for a healthy uptrend. So, now I think the best thing to do is to wait an upward breakout to buy.
As I trade for stocks in Folionet, I'll be buying OTC:GBTC . According to various investigations I've read, Bitcoin behaves like a fractal bubble and it looks like still has a way to still go up. Ark Invest is suggesting that Bitcoin could go for $75,000. That's a pretty good buying signal for me.
NASDAQ 100First week of the month is showing a very strong continuing bull run on the monthly chart, although I've seen strong monthly candles crumble. How high can this climb before the bubble pops? Only time will tell.
Mars next stop for the Indians?If you thought the DJI was overvalued, have a look at the India50. This thing has outperformed loads of other stock indices, even rivalling the Brazilian Bovespa. They've certainly passed the moon. Could the next stop be Mars?
Well I think a significant correction is well overdue. Of course, I don't know when that might happen. The show could start with a 5 to 15 min trend south. So, I'm all eyes on this one. The recent pump in the last 2 days was mainly about the DJI pump. Oh yes, markets around the world draw confidence from the DJI, as misplaced as that is.
So now we have one air market filling up on air from another market. That's looking for trouble.
Attacking this for a short means I'm setting up alerts for 5 to 15 min trends south. It's already heavily bullish. I don't like going long at the top of markets. Strange things tend to happen there.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Crypto is in a Bubble: Prove me Wrong!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
www.tradingview.com
Crypto is in a Bubble: Prove Me Wrong!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
www.tradingview.com
Crypto is a Bubble: Change my Mind!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
www.tradingview.com
Crypto is in a Bubble: Change My Mind!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
www.tradingview.com
Tesla: the bubble is about to burstYesterday, 27 January 2021, after market, Tesla reported. The reaction to the report gave the final sell signal; the sign that the bubble is about to burst.
If we look at the chart since 2018 we see a sideways movement up until the beginning of 2020. Since 2020 Tesla is moving in a steep uptrend. Since the beginning of 2020 the price has roughly ten folded. In my opinion a big bubble has formed since 2020. To quote CNBC: "Tesla’s market capitalization has increased by more than $500 billion in 2020, and the company is now worth about as much as that of the nine largest car companies globally, despite selling a small fraction of the volume of cars that they do."
If we look at the indicators we see that since the beginning of 2020 a divergence with RSI and Di + is forming. Since November 2020 Tesla is up trending within the uptrend. This trend within the trend broke yesterday. Today we gapped down out of this uptrend. MACD also gave a sell signal.