Hey all! It seems like my idea (posted 3 weeks ago) about a potential relief rally is coming to fruition (with a bit of a delay). I'll keep this analysis quick and simple by giving you all the possible resistances and where I believe the bear market bottom is. Here we go: Red lines: The red lines are all my price targets for this relief rally. I give emphasis on...
Despite the recent strong sucker's rally BLK is still in a downtrend. It is likely to retest a longer term support at 660 soon. However any bounce from here is likely short term at the moment A near term rebound back to the 50 day moving average around 750 could be an opportunity go short (however, short with caution as strong sucker rallies are...
Another sucker rally. There is not much to say same story as usual, every bear market. Commodities, mainstream assets like Tesla & Bitcoin... First the price drops in a straight line as smart money, the "weak hands" exit. Then price is choppy because of bagholders. There was a first "THE BULL MARKET IS BACK HURRAH" and then another drop down with less chopiness,...
"It's very hard for people to reject what they have been taught their entire life since they were children even when presented with the evidence". WEAK. Literally took me 1 second after seing the data to change my mind about the lies I was spoon fed my entire life since I was 5. Donald Trump administration finally went against the dogma. Retiring scientists (their...
2 Important things to note; the top and bottom wicks of this weeks candle aren’t random. the top wick hits the bottom of the rising wedge, our last major pattern and the bottom wick hits a MAJOR trendline. This is a big sign where still in a bull market but many are still wrecked so as far as market psychology goes i think were at "disbelief this is a suckers rally"