SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Bitcoin is crashing and continues on doing the same !!
BITFINEX:BTCUSD is down by more than 82% this year!!. We are looking for another significant drop to the @2000 level, thats another 45% wow!
From my experience stay on the sidelines or short sell!!
Follow your Trading plan, remained disciplined and keep...
Nothing has changed from my previous idea I published on 12/24/2018 (Link below) except that everyone and their mother wants to short this thing. I do not like trading with the herd but im still sticking to the trade. Good Luck...
If you compare the cycles and their behavior, this could get a lot more worst than it is right now. I drew the different stages of the rise and the eventual melt down, so maybe someone is interested in it. Keep some dry powder for the depression mode. Cash might not be the right powder;), but who knows. FOREXCOM:XAUUSD FOREXCOM:XAGUSD
I also put the...
2018 was a terrible year for a lot of people. A book , entitled "The rise and rise of Bitcoin" was published, and many people wet their toes in the crypto lake at it's height.
Today we know that prices like those seen were largely based on hype, possibly by insider trading, price manipulation etc..
80% of trading, of investing is psychology; and what many hoped...
VIX (Volatility Index) seems to be preparing for another spike in volatility.
With the start of February 2018, VIX jumped. That spike in volatility could represent the first piece of a series of similar events.
This indicator is used by analysts to measure the state of buy-sell investors’ emotions, complacency versus the fear effect. In simple terms, a rise in...
Swing trade on gold
Broke into consolidation range but failed to sustain the push. The bearish close which followed proved that the bull run has come to an end and we are now looking for a bearish leg
Current 25000 range.
WORST CASE scenario we may see this in 2019. I sure hope not.
16098 -> 15000 --> 13329 -> 11348 --> 10842
February, April, June 2019
I'm doing this main chart using the log scale because it makes it so obvious that growth is slowing down. We just got rejected hard off the resistance that has held us since the 80's! We're also in a giant rising wedge, and are JUST touching the bottom of it right at this very moment (actually, I'm being generous with my line. In truth, we've broken down already)....
Here's another bearish tech analysis. This one is brief. It's pretty clear what the setup is. Either we have a double top, or we drop from here. Either way, once we drop below the recent low of around 93.67, we will most likely head straight down towards my target at the red "X," between $50 and $57. That's the only support level we have below. What's pretty scary...
Here I've done some non-linear trend analysis on the SPY ETF. The upward sloping curves represent the long term trading range with compounding considered. Since the 2009 lows SPY has rallied vigorously from the bottom of this range (light blue) to the top end of this range (neon green). The linear trend of this rally is roughly equal to the tangent of this neon...
If you read my DJI analysis, you'll know that I am bearish on the stock market right now, but particularly tech stocks. I've been bearish since AAPL was trading at $230 and as soon as it hit the $1 Trillion market cap. There's just not enough However, the market is still showing signs that buyers haven't given up, and the majority still seems to be bullish, at...
