XMR is on a track to loose a lot of value comapred to Bitcoin, at this point there is not much resistance anymore and we can fall deep! Has Monero become a shitcoin which will collapse? What are your thoughts?
Everyone and their grandma's are HOOKED right now screaming for 10k 11k 12k 14k ATH.
Test of various previous lower levels inevitable.
Short and go to sleep. Consider Buying at ~5400
There are too many people expecting a crash nowadays, because there are some indicators showing a similarity to the 2000 and 2008 stock market crashes.
I am convinced however, that if too many people expect something, it will not happen. Quite the contrary will happen.
I am not a stockmarket shill, I don't even own any stocks. I started learning TA when I...
Clear Short, why?
1) Totally overbought D1-M1
2) No Fed rate cut
3) Worst economic outlook since 2001
4) USA - China deal? Come on :D Not
5) Gold runs up
This is typically a blow off in the market bubble before recession.
T1 25,320
T2 24,730
Selling pressure on alts, buying pressure on bitcoin. I imagine when the panic settles down trends will resume normally. It's currently hard to tell if bitcoin will break out of the range here, despite all the signs pointing to bullish!
Massive insider selling on NTNX, The puts we bought already up 400% since our short idea in May (linked below) but could profit significantly more with a very possible next target of $12.53.
Many think BTC will hit yet another ATH, this time soaring to the price of 100 000 per Bitcoin.
What do you think?
I personally do not think it would be impossible.
With the USD having so many problems these last 30 years, with inflation economy, and debt, if the USD crashes anytime soon, we may see BIG potential gains on the BTCUSD pair side very quickly.
The longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move.
This will be the beginning of alt season.
When...
Foot Locker got to feel a beat up and an overal market over reaction for stocks that missed earnings, even if it missed tiny.
The stock dropped more than 30% in two weeks and we are getting close to an open gap at around 32$ with a nice trend line support.
In this enviroment the markets react multiple times stronger than usual, so we still need to be carefull...
I'm watching XRP very carefully because if it fails to break out of the year-long wedge its been bouncing in than we most likely won't see a big pump until the end of August, which isn't for many months!
Many are expecting alts to pump hard as capitals flow into them after Bitcoin crashes in Mid-June but I disagree! I think alts will slowly dip and then we will...
Over the last couple of months, Bitcoin has had amazing growth, up over 120%.
I think there will be a strong correction around the middle of June, around the time when the CME Futures Expire (June 18th)
Make sure to watch carefully and see if Bitcoin breaks below the wedge. I have shorts open from 9.2k but will stack up more if we break below the wedge early....
using the monthly 20 MA or weekly 100 MA (~equivalent), we can watch to see where markets unfold.
Prepare to short the breakdown and take profits quick, the re-short at bull trap retest of the MA breakdown.
Are we going to see a repeat of this years false gains? Remember than back a few months ago when Bitcoin started gaining in price, there was the thought that the bear market was over and the bull run started. Eagerly, lots of novice investors started dumping money to catch the "wave" only to get slaughtered with a straight drop. These are called Bear Market...
Is anybody into precious metals? I am. I have been for years. I just put on some SLV today. The double bottom on the weekly and the falling wedge looks like it's time to go long. Normally I may not even bother because it has been such a slow mover for quite some time but as the stock markets continue to deteriorate and crypto continues to climb I think it is...
SPY 50% Crash Looms
S&P500 Index is a benchmark for the US and global equity markets
Historial 10 Year Bullrun posted 300%+ gains
Technicals show top forming since Jan 2018
Fundamentals align for recession: US-China Trade war, Gov Bonds rally, USD continues strong, Treasury Yield Inversion, Minimum Unemployment
Bears target a 40-60% retracement
...
Hi,
i zoomed out as far as i could (Dow Jones, logarithmic Chart)
My assumption is based on the believe of an historic trend channel.
At first, some Events, to put things into perspective:
The "Great depression" of 1929 - 1930
had Around 88 % Correction from Top to bottom.
Bretton Woods: 1971, the USA rendering the dollar a fiat currency
Lehman...
