#TOTAL3 #CRYPTO Market Cap to lose over $100 bIllion DollarsWe are in the process of breaking down any hour now!
Inverted chart is shown.
(In my view --- just an educated opinion by a experienced market speculator)
This would account for it being a near 50% haircut on the #crypto market excluding #BTC & #ETH
This last down move could be sickeningly violent and really push out many participants unfortunately.
We all can't make it speculating, that would imply a fake market.
Profit come from other peoples money unfortunately.
What #ALTS are you holding, and i will scan the chart for you upon request.
Ihvf
Qualcomm to drop by 15% ? Possibly even 25-30% within the year?Qualcomm overall is a solid company and usually performs bullish in the longer holding time frame..
BUT....
I have seem to come across some shorter to mid time frame bearishness.
First I' noticed QCOM forming a Head & Shoulders with weak looking shoulders that decline from the L.shoulder over to the R.shoulder. A gap also occurred from the L.shoulder over to the R.Shoulder within the same price region showing weakness here.
On Balance Volume shows that there are low exchanges of hands and could be signaling weak buying power and a sell off to come.
OBV to price also shows a Bearish Divergence.
Last but not least, we seem to be in the process of forming a descending triangle (iHVF) with flat bottoms and that is low slung.
Only sign of slight bullishness would be in the weekly time frame in which QCMON is bouncing within a channel that we seem to be within the bottom region of. QCOM has exited this channel before but usually tends to be extremely volatile when done so. Could this be a sign of another series of hyper volatility and a hint of the temporary health of the overall market?
QCMON to see around $48 soon and possibly even mid $30's within the year