SXP ELLIOT WAVE COUNT!!! GREAT DEPRESSION 2.0If u know Elliot wave I’d reccoment testing that count lmfao. Essentially all ratios align perfectly not only through proportions between waves but also through history aligning with these shifts.
I provided two retracement which represent the potential pull down of this wave 4 we are most likely in. (The wave 1-3 ratio is 1-2.474 as seen by the blue dotted line). Honestly my strat is just dollar cost average those points. Happy depression everyone :)
Crash
S&P 500: Weekly outlookS&P 500 show us a weak in the stock market where we would need to be very carefully what we look, after that Federal Reserve continue tightening the U.S. monetary policy, and also get strength the interest rates. We could to experiment a global recession. Remember: The S&P 500 measure the health of the U.S. economy, and the global financial market. What if that occur what I mark, we could to see a worst global financial crisis and more worse than 2008 (Housing crisis debt), that in that time was a horrible financial crisis in USA when housing price down. Also to take in note, we see a similar patron what occur in the world, and more worse than we can't to imagine it. i believe that you must to find up this history or find up a video that explain why this crisis occur in America, and other study case as " crack of 29", that it's the oil bubble and crisis in this past year, that you must to be prepare and know this vital information in your career as investor or trader.
Now, talking about technical analysis, I see that S&P 500 forming a higher low in this market structure indicating weak in the trend. And the currently candlestick show a weak indicating that it's moment to keep away of the stock market and sell shares, including crypto as they're in the bear market. Now ,if I see the following that S&P 500 break down the EMA 200 and make a pull back resistance in it, we could to see a strong bear market and crash of the stock market, and this it's fault by FED what the U.S. Central Bank do.
Also, in some minutes I will share a special analysis because I found out a similar patron in the debt housing crisis on 2008 in the S&P 500 that occur and past the same that we live in the present, and the past occur and it's very similar what we see in our present and how to project it in the future. This it's my prediction that I look.
So guys, I hope that this idea support you. I suggested to share this idea with everyone who need to get advice and being prepare for this possible financial crisis more worse than 2008.
'Spidey sense' tingling? Depends how you know what you know.Safe experience lull you into a false sense of security, even when you know about a clear and present danger. That's what experts on risk and decision making** say about the role of our personal experience in our risk perception. Take 9/11 for example. Many, suddenly concerned about the risk in flying, opted to drive instead. However, in reality the risk of injury or death while driving is multiple times that of flying. Why was driving perceived as safer? Studies of decision making say that a big factor is the *way* people get most of their information. When that information comes from repeated personal experience (like car trips) it is given a bigger weight in the decisions we make. The catch is when the typical experience shows no danger simply because the threat is very rare, novel (for us) or out of our awareness.
It's August 25th, 2022 and, stock indexes are levitating, held up by some unseen force. The "Doom and Gloom" on you tube is starting to ring hollow. We know the risks: inflation, dollar, rates, etc. etc. etc. I won't bore you further with my mundane perspective of, what has been for me, a mundane market.
You already know the punchline cleverly hidden in the chart on the right (a 3 day chart of VIX).
Out of curiosity, was I the only one caught off guard?
If you were asked, out of the blue, to draw the 3 day VIX, would it look like that?
and lastly- The best explanation I have is the one offered above. What would you add? or subtract?
-Trade Safe.
**The research on decisions from experience is extensive but these are good points of departure:
Thinking Fast and Slow , D. Kahneman. Chapter 30. Rare Events
The Black Swan : The Impact of the Highly Improbable Paperback – January 1, 2008. pp 76-78
Decisions from experience and the effect of rare events in risky choices. Psychological Science . 15. 534-539. Hertwig, R., Barron, G., Weber, E., and Erev, I. (2004).
The Effect of Safe Experience on a Warnings’ Impact: Sex, Drugs, and Rock-n-Roll ." Organizational Behavior and Human Decision Processes 106, no. 2 (July 2008): 125-142. Barron, Greg, Stephen George Leider, and Jennifer N. Stack. "
$MIRM bear proof 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered Mirum Pharmaceuticals $MIRM today at $25 per share. Our take profit is $30. We also have a stop less set at $24
OUR ENTRY: $25
FIRST TAKE PROFIT: $30
STOP LOSS: $24
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Bitcoin bears back in charge!Bitcoin bears are back in charge, we now fully expect Crypto to trend towards the downside, especially if the US data coming out this and next week indicates further rate hikes.
Rate hikes impact crypto currencies as they are counted as risky assets... similarly to the NASDAQ, yet crypto never really lived through a strong hiking cycle, hence why we believe the downside could be very extended and Bitcoin could even drop below the 10k mark if not even lower. - Only time will tell, and more importantly we do not focus on predictive trading, rather being reactive, so we are just as ready to buy as we are to sell.
We had long positions right until Friday where our stops were hit, we then waited for valid entries for the sell side and when they came on Saturday we executed the sells and added on to them today, we are building a "big short" position here.
Good luck to everyone!
SPX Bull trap?It is time to pause, I will look into and analyze history'because as they say "history does not repeat itself but it rhymes" I would like to present the comparison of the SPX with the fall suffered in 2007.
If we take as a reference the fall of the Great Recession of 2007, it was a fall of 57% during 518 days that means 17 continuous months of fall, the situation was terrible.
Extrapolating it to 2022, taking into account that the fall lasted that long and the fall was -57%, it replicates so far the trend and movements of 2007.
Are we facing a BULL TRAP or should we rather BUY THE DIP?
Today 20/08/2022 Best regards, good investment.
Ethereum is crashing and broke downGlobal crisis concerns of the inflation and still on the price increase cause everything to collapse and to crash. The economy isn’t going well as it planned but caused it to slow down. Federal gov/White House brief about the monkeypox crisis. USA total over 14,000 cases of monkeypox. So far 12 deaths had been reported.
Global total cases is incredible over 41,000 cases
Same for bitcoin , cause of global crisis of the inflation still on the increase.
625 or below is a good buy to break off the bear; those areas has stronger floors for the bulls reversal
Bitcoin is crashing and broke downThe collapse started and along with the crash; bear rally already started weeks ago from mid 25K rejection.
Bitcoin mining lost the value of 1$ Billion follow along the traders investors lost about $600 million.
Global crisis concerns of the inflation and still on the price increase cause everything to collapse and to crash. The economy isn’t going well as it planned but caused it to slow down. Federal gov/White House brief about the monkeypox crisis. USA total over 14,000 cases of monkeypox. So far 12 deaths had been reported.
Global total cases is incredible over 41,350 cases
Chinese Real Estate Large Cap IndexThis is an updated version of my previous "Evergrande + others" chart of Chinese real estate. Instead of including some smaller companies with longer price history, this focuses on large market cap companies. I weighted the prices against each other equally by their 42 day average, and then weighted that by the market cap:
1. Sun Hung Kai Properties (0016) HKD 268.5 billion -2.06% Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It...See Company Profile HKD
2. China Overseas Land & Investment (0688) HKD 252.28 billion 24.86% China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and treasury...See Company Profile HKD
3. China Resources Land (1109) HKD 245.3 billion 4.88% China Resources Land Limited, an investment holding company, invests, develops, manages, and sells properties in the Peoples Republic of China....See Company Profile HKD
4. China Vanke Co. (2202) HKD 235.54 billion -11.14% China Vanke Co., Ltd., a real-estate company, develops and sells properties in the Peoples Republic of China. The company operates through...See Company Profile HKD
5. CK Asset (1113) HKD 202.95 billion 13.53% CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe,...See Company Profile HKD
6. Longfor (0960) HKD 177.07 billion -20.57% Longfor Group Holdings Limited, an investment holding company, engages in property development, investment, and management businesses in China....See Company Profile HKD
7. Sino Land Co. (0083) HKD 91.07 billion 21.52% Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. It operates through six...See Company Profile HKD
8. Country Garden Co. (2007) HKD 80.22 billion -49.28% Country Garden Holdings Company Limited, an investment holding company, invests, develops, and constructs real estae properties primarily in...See Company Profile HKD
9. Greentown China (3900) HKD 40.51 billion 28.98% Greentown China Holdings Limited, an investment holding company, engages in the property development and related business in China. It operates...See Company Profile HKD
10. Yuexiu Property Co. (0123) HKD 29.82 billion 40 .17% Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, and manages properties primarily in Mainland China and Hong...See Company Profile HKD
source: fknol.com
(Unfortunately they no longer sort by market cap by default. To view it you'll have to sign up for fknol's terrible website.)
Here was the logic I used:
'a' = 42 day price average.
'b' = adjust b based on the market cap. if the market cap is larger, c gets smaller, market cap smaller, c larger.
Market....a=42D_AVG.....b=a/Market_Cap_Billions
---------------------------------------------------------------------------------------------
0016.......94.14................0.3506
0688.......21.49................0.08518
1109.......35.14................0.1433
2202.......18.51................0.07858
1113.......51.73................0.2549
0960.......37.36................0.211
0083.......0.3542..............0.003889
2007.......5.662................0.07058
3900.......13.34................0.3293
0123.......0.09548............0.003202
(I had to fill in the table with dots so it would show correctly.)
Now, for each row, take each market and divide by 'b':
'market1'/b1 + 'market2'/b2 + ... :
'0016'/0.3506+'0688'/0.08518+'1109'/0.1433+'2202'/0.07858+'1113'/0.2549+'0960'/0.211+'0083'/0.003889+'2007'/0.07058+'3900'/0.3293+'0123'/0.003202
You can also exclude the second column, skip computing 'b', and instead divide the price by 'a' and you would have a 42 day average price weighted index. Dividing a price by an average would normalize it near 1, weighting each price equally.
Does it make sense? Thanks for taking a look!
Misc. Analysis:
Total valuation, going by the info, is roughly 1623.26 billion HKD , which is ~200 billion USD. This is not an unusually large amount, but the importance of these companies is far beyond their numerical market cap. Chinese citizens and companies purchase properties around the world, so I think this price action goes hand in hand with global real estate, possibly with this index as a leading indicator. A large global surplus of buyers in the last few decades has pushed real estate prices everywhere to unreasonable levels and now there is a deficit of buyers. Any serious bailout will distort prices and at some point it's possible that the price action becomes useless. The CCP owns a piece of every company already so I think this would be the more probable route.
Good luck and don't forget to hedge your bets!
Chinese Real Estate Large Cap Custom Index v2Just a quick update of the last chart I posted, which had a bug. These stocks:
'0123'
'0083'
refer to Malaysian stocks, but these stocks:
'123'
'83'
are the symbols we want.
Here is the updated index for your usage:
'16'/0.3506+'688'/0.08518+'1109'/0.1433+'2202'/0.07858+'1113'/0.2549+'960'/0.211+'83'/0.1272+'2007'/0.07058+'3900'/0.3293+'123'/0.3196
See here for more discussion:
Thanks for taking a look!
Ethereum ETH - Indicating upcoming price dropThe price of ETH rises by a 100% in a period of 1 month after entering an uptrend that is likely to end soon. Ethereum is currently approching a strong resistance, and will be rejected by the upper dynamic resistance trendline due to high selling pressure in the confluence zone, this will cause a strong reversal and will start a downtrend. ETH than will break the lower dynamic support trendline and here will be the short entry setting the stop-loss right above the resistance zone.
BTC ₿ REJECTS top of channel! Remain in shorts 👇📉!!!As previously confirmed, BTC has reached the top of the marked channel, swinging off a previously made HIGH. The rejection happened dollar-perfect from the previous LOW made during the last major dip.
Volume continues to decline as the channel moves along a sloping support, but regarding the current market conditions, it is possible that we see yet another lower LOW forming once we break the uptrending channel.
Currently, we see the price fighting to get past the POC of the range and as we keep forming lower highs on the LTF, we are likely to break to test the value area low. If prices reaches said VAL, we may have a scalp LONG opportunity on our hands for some quick money.
Best regards,
VOLK
Breakout of the drop what’s next?!Neckline support broke and the uptrend .. saw this big drop of a breakdown.
Should test down 1560 area for a short buy retest.
If that important area breaks prepare for your worst for another big down fall.
Suggest buy zone of accumulation at 500 area to breakout of the downtrend in order to skyrocket from over 10 percent gains
Bitcoin - For Trading Not for InvestingWhen Bitcoin was trading at around 60,000 level in late 2021 and before that year, whenever friends, acquaintance and participants asked my opinion about investing into cryptocurrency, immediately I knew they may not know much about cryptocurrency.
To clarify, I am not an expert in cryptocurrency, but I know its intrinsic value could not be calculated then and even today, therefore it is an instrument not for investing but for trading.
Let me elaborate, as long as we cannot define its intrinsic value to any so-call an asset, it is not an asset, but an instrument for trading.
When we get into trading, meaning, we have to acknowledge the getting in and out, out also represent to exit the market with either a profit or a loss, it is part of the deal in trading – we have to be quick when we make a wrong decision.
However, if you position yourself as an investor in crypto, you will either always perceive it will break new high or hope that it will someday go back to its former glory.
Throughout the whole tutorial, I will do a recap on how I have spotted this top here in November 2021. I have done this in another personal forum I have back then.
I will go through that and it may seem like a hindsight view, but I will apply the same strategy to the current market using just trendline and divergence.
Bitcoin Futures
Minimum Tick:
$5.00 = US$25
or $1.00 = US$5
Contract Value:
20,000 x US$5 = US$100,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
Deeper Network DPR Crypto Crash ComingDeeper Network DPR Crypto crash coming. As you may know Deeper Network refused an all expense paid trip to advertise there product to Sir Richard Branson at Neckerverse to get an investment from his Company Virgin. This meeting with him could of been great advertisement for the crypto and would of given future DPR crypto owners optimism for the future coin price knowing that a reputable company known worldwide wanted to meet with them and or invest. Deeper could of refused his offer and then told the community what the offer was if any, showing the community that they are a sought after up and coming crypto but but as a routine disappointment they did not show up with a lame excuse........ So instead of planning for this September crash with even a little good news and hope, they decided to just let the house burn down for the mining community. Because Deeper Network has a main investor insurance policy from there buy in of the coin at a price of .003 cents that is currently a 619.667% increase of there original investment with the current coin price now. So a original $10,000 investment would now be worth $61,900. So the main people have no concern but the DPR Genesis miner who bought in at .15cents+ is now at a negative -85% or more. I bet if the main investors where at a negative there outlook would be different. But it is not and only the little guy gets hammered like always.......... Where will this crash bottom out at well Deeper has a 600% wiggle room before they start to get concerned, well see what happens in the next 8 months...............
Bearish News: Aug. 5 & 6, 2022 Deeper Network has turned down an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. The reason from Deeper Network "Cheryl, Russell and I ( Eric ) seriously considered attending the gathering but decided it was best to focus on exchange listings, research & development, and new product deadlines instead."
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time, there is an estimated amount of 3.3Million to 6.6Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect..............
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed)
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand) (Working only part time now, another one of the upper ranks leaving, I believe the next person will be #3+ for this job title next)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu