Poised strategy.Nice weekend.
As usually, same chart with better Head & Shoulders
variation at daily chart.
+ Wall St. cheat sheet explanation added.
Everyone would consider what is the reality of market state and global economy.
I have my own contrary vision and opinions.
Your favourite indicators ( RSI,MACD) seems in bad shapes.
And now, look on Death Cross around number 10 at wave 4th ending : - )
I think, I am done here. Be cautions in a next 2 weeks.
You can zoom in and play button every day to see how
bars pattern performing at these ranges.
Once Bitcoin falls below 618 Fibo, It will confirms me
that full retracement to 382 is starting.
Because it's poised to be like that and I hold on my mind..
Always with care and ready,
Emvo.
*This is not any financial advice.
Invest
Ranging around abyss.Nice Sunday.
Today, I developed another view with more data,
at daily Index time frame .
Bitcoins actually ranging between 2 Fib rings,
very important for next trend decision.
I am mentioning this territories about month and maybe
result is very near. RSI and MACD are in conflict,
while altcoins start follow BTC upside move.
This usually happened at the end of waves,
as we are in from of 4th.
We can confirm, RSI is historically overbought,
and MACD runs also into symetrical triange resistance,
made by All time high.
Would this trigger start of 5th wave around February,
or this is different from 2008 stock market crash ?
Very good question that nobody can answer.
So I will monitor what will happen in a next weeks.
Always with care and ready,
Emvo.
*This is not any financial advice.
Tesla - What's next?Tesla has been rejected off of the clear resistance trendline in red. This means it likely needs additional consolidation before breaking through; opening up a retrace lower to the next support.
A gap fill play around $113 may be a good accumulation zone pending the relative market strength in the SPY/QQQ.
The negative side for TSLA action today was the fact that the stock was up most in the premarket over 3% and ended up reversing down -2%.
Chainlink UpdateChainlink was one of the coins I get wrong in 2022 , you can check out that invalided TA below :
Where does it leave it in 2023? , its been tricky placing Gann Fans and Trend based Fib time tools on LINK because the RSI hit multi times at the same level so did the price.
LINK hit 5.3 dollars five times over the last 252 days but never closed under , it seems to have a massive sell wall at 9.5 dollars . The pattern doesn't resemble any past price so been rather lost with this one. Price hasn't been moving like LINK normally moves in the past , it seems this price range has been very weird not very organic if you ask me.
I have set a trend fib time using elliott wave indicator tradingview has to offer and according to that wave C finished June 2022 so trend fib time is placed from Wave Count 5 to C.
Week of:
Monday 2nd January 2023 -0.5 Fib
Monday 13th February 2023 -0.618 Fib
Monday 18th March 2024 -1.618 Fib
The last date is the same week as the Bitcoin halving which is pretty interesting but time shall tell if these dates have pivots so far 0.5 has resulted in some action.
Looking the LINK/BTC dominance chart we can see that this level is very important , there is a lot of confluence in this area and holding support here would be great to see.
So to conclude not much to go on short term once we break 9.5 dollars and the 2/1 Gann Fan then will revisit.
CD Projket Red to 1500 dollarsIf there is one place i will be putting a chunk of my portfilo in studio right here.
For anyone that doesn't know this studio created video games based on the witcher series and also developed cyberpunk 2077 that released in 2020 when the stock was at all time high at 458 dollars.
To think this stock is 80% down is mad , CD projket red have began a partnership with epic games and the Witcher 4 is already in production on the new unreal 5 engine ,this one is a no brainer.
ETH Investing LevelsBTC IS KING AND ETH IS THE QUEEN, thats it
volume is so F#$%king high on this one
7 consecutive months from 6/2022 till 1/2023 with large amount of accumulation volume, it can easily set new ATH for sure but when? no one knows
buy as much you can
levels are :
920 dont miss it if you wanna divide your money allocate more on this level, regret is useless
golden level 244
golden level 197
Exit levels will be updated 😋
CRV Investing ideaWe all know iphone is the top one in quality but what If in 2007 it wasnt a famous brand and all the advertising shit thing, then would it still conqueror the world?
No it wouldnt, because money doesnt flow in apple company.
the point is if something works perfect and quality is great doesnt mean it must have value!!
what makes something value? academic answer is :
usable value, rare value, aesthetic value, and emotional value
in crypto market the hype we saw was related to emotional phycology of humans (morons)
who makes that hype? and how?
what is mind and how it works?
what is the matrix?
anyway good luck😉
XRPUSDT TECHNICAL ANALYSISThe Ripple $XRP has been lost over 85% since April 2021 and the candles are on the our downtrend-line. If one of the next coming candle open close completely above the downtrend-line, it may an opportunity to earn something. We haven't got buy signals from our robo advisor @EngineeringRobo yet in daily chart and still say us it is BEARISH for Ripple. MA almost cross each other and it may give us buy signal too in features.
If you want to invest $1000 in Ripple, Do not invest your whole money right away in Ripple. First of all you need to invest of your half of the investment when we get Buy signals from @EngineeringRobo . Then invest 30% of your investment if we have 2 buy signals/open-close above the trend-line then you can invest rest of it if robo fully turn on bull.
"NFA"
The Best Time to Buy an AssetThe passing of time often creates one of two things. It can create Wealth or it can create Regret.
For instance…
Many people will say, I wish I bought real estate, crypto, stocks, etc. at certain times…then I’d be rich. We are all pretty good at looking backward and saying, “What if?”.
With Investing, the two most common reasons people miss opportunities are because they aren’t paying attention or aren’t prepared…and usually, it’s both. The best thing to do is:
📌 Get Educated with proper knowledge
📌 Analyze different factors and Research on them
📌 Create a plan/strategy and start working on it
irfc strong brakout to up side 5m time frem
NSE:IRFC
news
posted a rise in its net profit to 17.14 billion Indian rupees ($211.0 million) in the quarter ended Sept. 30 as against 15.01 billion rupees a year ago.
Earnings per share stood at 1.31 rupees compared with 1.15 rupees, according to a Thursday filing.
Revenue from operations in fiscal Q2 increased to 58.10 billion rupees from 46.90 billion rupees in the corresponding quarter of the previous fiscal year.news
INDIAN RAILWAY FINANCE CORP LTD - IRFC AND IIFCL SIGN MOU TO STRENGTHEN COOPERATION IN FINANCING RAILWAY INFRASTRUCTURE PROJECTS
INDIAN RAILWAY FINANCE CORP - MOU WILL ENABLE BOTH PARTIES IN CO-FINANCING / CONSORTIUM FINANCING OF INFRASTRUCTURE PROJECTS
Always stick to your opinions.After 2 months of price action, I am here again to update my chart.
If you read my previous ( Log Fractal ) analysis, there are many proof how strict I stick to my targets.
You can always find reason to buy everywhere...
To be more clear, BTC is about 15% to hit it. I also think, it would fall much lower. There are some chances to fall into green trend line ( Return to the mean).
However, I am gonna buy Bitcoin at first, altcoins on the way lower due to my high-risk management.
At first, you have to find out who you are when it comes to chart. Are you trader ?
I am not any trader.
I'd rather not buy at all, than buy weak position. Patience is clue.
Took years to be so calm.
I even do not consider DCA strategy as good.
Rather save money and wait, when we are witness of the worst world-wide economy situation.
Never hold you money at any exchanges ;- )
Charted some fractal bars but that means nothing if you can't predict time frames.
Yours Emvo.
*This is not any financial advice.
NAS100 next 6monthsThis is a potential scenario unfolding for the NAS100 in the next 6 to 10 months. I think it would be too easy just to short the white resistance line . What is more likely to happen is price breaking that area and triggering a fomo rally to 0.5 or 0.618 before starting its next leg down.
If this does happen then we could see a 44% drop from all time high down to 9300 points which would be pre-covid levels.
The TA below shows what would happen to Bitcoin if this did unfold in the stock market.