Warning! BTC Potential Price LevelsHello, dear subscribers!
The Bitcoin dumped today significantly. Today we are going to estimate global targets for the pessimistic scenario for the Bitcoin.
First of all take a look at the all bullish rally since October 2020. We can notice that during corrections the price always found support at the 30-day EMA. Now the price clearly broke this line down. This is the first bearish sign.
The big symmetric triangle which started to form at the beginning of January 2020 was broken down today with a huge red candle.
Now let's consider the potential levels for the BTC. The monthly CPR level ($33000) was broken today. The next strong support is the $33000 level because the price found multiple rejection here, also it coincides with 1.61 global Fibonacci retracement level since 2017 year bull run.
If the price is able to break this level down the next target is monthly CPR ($25300). The last dump level is the symmetric triangle's breakout target which corresponds to it's height. This level is $21400 which exactly coincides with monthly S1 level.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Warning
BNB/USDT Potential Double Top ReversalJust like most crypto, BNB has seen some steady gains in the past few weeks. Apart from that, BNB currently resides on a crossroad.
This post serves as a warning for potential BNB investors. BNB's all time high is located at around $40, which is exactly where we currently are. There's a possibility that the price fails to pierce through the $40 mark, resulting in a decline in price and potentially setting off a new bearish phase all the way to $10.
At the moment, I would refrain from entering long positions. Go long when the price has closed above $40 on the daily chart, maybe even the weekly chart. With all the volume currently in drypto, I dont see the demand for BNB falling anytime soon.
DOGE/USDT FOMO WarningAs most of you all have seen, DOGE has seen some crazy gains today and yesterday. I did predict some kind of gains earlier, but not to this extent!
This post serves as a warning for crypto investors: you missed the boat, move along. More opportunities will follow. Today's increase has been marked mostly by investors buying with large amounts of leverage, it will bite you in the back if you're trying to do the same now.
Most of DOGE's steep daily gains over the last few years have been a maximum of two to three days, followed by steep sell-offs. Learn from the past!
Are we on the verge of a US Bond market drop?Hello.
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
TVC:DXY
is currently in a confirmed downtrend .
Historically, there is a strong positive correlation
between the US Dollar Index and the US Treasury Notes.
if DXY drops, ZN1! drops... if DXY rises, ZN1! rises... relatively speaking and all things being equal
If anyone is currently keeping a major long position related to the US Bond market,
then this correlation is worth considering.
More details about this post, as well as a video analysis, later today, on our site .
Wishing you a great week,
François Normandeau
Institutional Research Director at ADX-BRIEFING
BITCOIN in Extreme FOMO Territory - A WarningOn the weekly chart, Bitcoin currently has a RSI value of almost 83 points. The last time this happened was during the great bull-run of late 2018, with a 70% loss of value from the top in the next two months.
Although the RSI is not a perfect indicator for predicting reversals. However, it's useful in warning traders when a certain asset is being overbought i.e. FOMO. The higher the time frame, the better the predicting value of the RSI becomes.
Bitcoin is currently residing in extreme FOMO territory. Fear Of Missing Out could lead to extreme profits if you're early, but most of the time, most of the traders are too late and will eventually get burned by either buying at the top or by not taking profits. This post indicates as a warning for traders to be aware that the price is this high because people are afraid to miss the train, not because Bitcoin is actually as valuable as it might seem.
In an earlier post I made the comment that Bitcoin might hit $2000 soon, which still stands. If we see another week like we just had, we will definitely get there. What will happen after the $2000 mark, no one knows.
PUT/CALL RATIO EQUITY MARKET WARNING SIGNALHello,
Here I've analyzed the PCCE (Put/Call Ratio Equities) in the monthly time frame.
Something extremely concerning is taking place for the coming months. We are close to hitting .45 on the put/call ratio which is in extremely overbought territory. What this means is when we are in this level, all of the buying power in the market is already in the market. We need to blow off steam before we can continue higher. Typically we can expect extreme volatility in the coming months after the ratio gets to this level. I've marked out historic times where price got to this level to add clarity to the chart.
We've already sold off 10% in September when we almost touched. Now we are lower and can possibly touch .45 this month, if that does. Cash may gain value.
USI:PCCE
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Economic, geopolitic, monetary news. Issue No 8.1- Get rich quick: Conspiracy guilty supplement company that got closed resurfaced and they have issues again
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In a youtube video, bodybuilder John Meadows (Moutain dog), GS VP turned fitness businessman, talks about a supplement company (ran by someone called Wes Hauser, in Atlanta) that were manufacturing a product which he designed, they kept his name on it but the ingredients were all off, and then it was found they cut costs on ingredient, replacing some, changing doses, I don't think there was any cardboard in the mix, but they were some illegal steroids imported from China/HKG.
Wes Hauser a few years ago struck a deal and pleaded guilty to a count of conspiracy, yes conspiracy is a real charge not just something crazy people do. Conspiracy and speculating those are the bad words that sheep love to hear, that are used to make people look crazy, detectives speculate on suspects, motives, crime scenes, murder weapons, and use the evidence they have and their rigorous speculation to formulate conspiracy theories. Oh no they must be crazy! What about those crazy conspiracy nuts that said the NSDAP had big plans for war and for the jews?
Woohoo, where are those that laughed? They all quickly disappeared! Just like anyone that has been calling me a perma bear since 2017 :D
Anyway the same people, or at least that Wes Hauser, is back in business, and in the same town, Atlanta, a new company with a new name.
And big surprise, their used ingredients have been found to be different to what is on their displayed ingredient list, who could have guessed?
I think the FDA has given them yet another chance... But you just know they'll get in trouble again. Once a criminal always a criminal.
You can read about the story/stories online in the news, or you can watch the video. No matter what businesses you run, don't try to get rich quick. You just know those guys are going to keep cheating and trying to get rich quick their whole life and getting in trouble, for a shot at maybe getting lucky and escaping the law. If they just played by the rules from the start they might have made it already who knows...
2- Intense stupidity: Corona sales plummeted, while spirits in particular Tequila (that uses bats) skyrocketed
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To be precise, if I got this correctly, Corona sales first went way down, in part because people stopped going out, and there were polls where a large number of supersticious idiots said they did not fully understand the link between Corona and Coronavirus - I don't remember the exact wording but it was something along those lines. Some people (38%) back in a feb poll said they'd never buy the beer under any circumstance but I don't know what that number was before the virus fearmongering campaign started.
Corona beer sales have recovered, but spirits are the ones with the best quarter (correct me if I am wrong) with in particular Tequila and I just wanted to mention them because Tequila is very special: It uses the tequila plant (it's called agave or something) which gets polinated by bats.
The depression will provide some nice cheap prices. And will all the sad depressed alcoholics, price will go up up up.
ABI (the biggest one) is already at 2007 levels haha! They're Belgian ofc, so they don't have the overpriced effect USA companies have (and some other including Indian).
"There is as much chance of repealing as there is for a hummingbird to fly to the planet Mars with the Washington Monument tied to its tail." - An idiot that was very, very, oh so very wrong in 1930.
3- Intense stupidity: Most young americans (muh education) in a street poll have no clue what the 4rth of July is
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A quick one here before deviating, the eDuCaTiOn obsessed young muricans don't even know what the 4rth of July stands for, all the supersticious brainwashed idiots know is that "it's racist or something". I bet all the "dumb rednecks" know exactly what the 4rth of July is :D
The USA are one of the most "educated" country in the world, but afaik most of their brains come from foreign countries (and that's going to stop soon, the word you are looking for is "aaaaaaaaaaaaaaaaaah"). They seem like such a bunch of complete idiots. I don't know exactly how high in the "most educated" tier list the USA are but I know they are pretty high, not 1rst of course, Russia has the 1rst spot, I also know Germany is way behind (they don't waste too much time on useless degrees, doesn't stop them from having a strong and resilient economy).
The average Murican can't place european countries on a map, not only that they can't even place their own states on a map!
What do they learn at school other than trashy junk science and the 780 genders? Math (and logic) has been a big disappointment for decades now, I don't even dare to look at how awful the level has gotten recently. Jim Simons says it's because decent mathematicians go work for big tech firms and quant funds, and what's left to teach are the bottom of the bucket. That's probably a big reason.
I really wonder what's going on in US universities, I spent 3 months in 1 but I didn't go to classes, I just co wrote a paper there.
They seemed like reasonable human beings, it was a while ago thought, AND it was a STEM area, no gender fluid studies there.
These "universities" sound like the biggest bunch of absolute cretins. In France we have an elitist system where apart from a few select ones, all universities are basically absolute trash that accept anyone. They got thousands of low level students, classes are huge, students are lazy. Seems like such a waste of time to go there. The elites go to "schools" and institutes that at minimum study a dossier on the student, but most require an exam. The 1 university I know to be selective has no exam (afaik), they look at dossiers instead, and trust me to get in finance (at least back then) they will ONLY look at your english and maths xd I got accepted having 15+/20 in maths and english (and a math specialty with a high score too) and around 0 in every other subject except physics :D Man all these subjects are so useless why do they even exist? Such a waste of gov budget...
I really wish the world would not waste so much on useless studying. At least France is doing something right, while alot of money and effort is wasted on the delusional no future people that all are accepted in Universities provided they got a high school degree (and some schools that are total scams accept students even without a degree - gullible people gonna be gullible), at least the elites that will be productive and pay taxes get their school covered, including a place to sleep, food, etc. And the top school students have special status (official, officer, ...) so their students get a salary, something around 1500 euros is usual I think. They are going to be high ranking officials, managers, scientists, officers...
Those are the most selective schools, and graduates will pay a whole lot of taxes, so it's truly a good investment by the government.
Of course, the no future surrender losers are whining that competitivity is bad and we should all be equal losers and surrender and no school should be selective anyone should be able to go where they want and be a garbage pos loser that loves to surrender and find excuses for failing.
The only countries I know to have such a système of competitive exam institutes or "grandes écoles" are France (duh), Algeria Tunisia Morocco, India, Ghana, and China was interested but I'm not sure what they got exactly.
Problem with all these countries (except France and I guess more and more China) is all the elites just get out. Ghana has been crying for a while about it. Engineers and so one just move to West Europe & NA where they'll make much more money. The USA are going full supersticious prehistoric animals (that use junk science as their god ironically, science, the thing that is supposed to be the opposite of superstitions), not quite sure about Europe. But I'm sure countries that are not rich will be able to retain much more brains and go up up up. I see a bright future for the arab world, well not sure, maybe WW2 in the middle east... But North Africa should be good. If the islamists are in check I might go live in Tunisia myself, I'm so fed up with the supersticious virtuous pious woke marxist templars of the west. And it's too cold in the winter.
4- Stock market: Unemployment still at great depression levels and alot of job losses are permanent. Unpriced
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Nice "recovery" by the US indices, there are still tens of millions of unemployed people, and a large number are permanent.
And even if a number of the unemployed are just being decalred now to get checks, there's plenty that are really new. And the added permanent ones are a problem. I do not know how many are permanent (a bunch of businesses closed, so at least there are those jobs).
You better bet that alot of companies used this crisis to get rid of anyone they considered a deadweight that they were carying for a while and could not easilly get rid of.
Plus let's be honest, democrats are trying their hardest to destroy the US economy to make Trump look bad, they're willing to pay any price. Sorry, I meant they're willing to make the population pay any price. Not themselves duh! Let's defund the police and hire private security for ourselves on taxpayer dollars amirite!
I trust them to make a great job destroying the US economy ^^
Dog goes "woof"
Cat goes "meow"
Bird goes "tweet"
And bear goes "IT'S GOING TO ZERO"
5- Venezuela gold news: England court said no, you cannot sell your gold, we don't recognize Maduro
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Leaders of the socialist utopia have been whining for a while about their gold being stuck in England.
UK high court has given it's verdict: get rekt m8 we aren't giving anyone the gold.
The west backed opposition is just going to keep getting in the way of socialist utopia führer Maduro, and say he rigged the elections and try to impeach him and so on... I don't get it, they were all so happy they had tears in their eyes a few years ago, and now they're mad, what happened? Changed their minds? Haha get f'ed.
Chavez won elections with 60% and massive support and they were some coups back then. Did something really change? Were they rigged back then?
Hollywood and the deep state were the biggest supporters of Chavez lmao that aged well. Stupid morons, performance monkeys, know your place.
6- BIS warns of generational crisis & biblical tsunami, and for the first time since 1950 suspends dividends
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And bear goes "Oh happy day, everything is imploding and I told you so". I am delighted. Spoiler: they did not use those exact words (but close).
The morbidly obese guy with a huge body and tiny head said he had never imagined he'll live such a crisis. Need a bigger head duh!
He had warned BEFORE 2020 of fragility, and the potential for boom boom, but looks like it it much worse than what he had imagined.
Who's the perma bear now?
In reports, the BIS calls the coronacrisis "generation-defining". You can do a research on those keywords on their site, plenty of results.
Say it once again. Generation-defining crisis. Ah yeeeesss, it feels good.
"A global shock of this magnitude puts a premium on international cooperation.". There's a big premium on China-India cooperation right now haha.
There's a big big premium in the USA between blacks & whites.
They don't use the words depression, recession, tsunami, etc... Lame. They're trying so hard not to scare anyone when it's clearly a gigantic collapse.
The director himself said he never thought he'd see such a crisis in his lifetime, and they keep warning about the crisis and its consequences.
But they keep avoiding no-no words to not scare simpleton. It's so stupid, they literally explain it is biblical and we're all going to die but let's avoid simple words that scare stupid people.
"2020 will be a year for the history books ... output drops have been the largest since the Great Depression ... global sudden stop ... crippled both supply and demand, crushing the production of goods and services." So close to calling it a great depression, come on.
They really like the word risk, there's 1 every sentence.
Awww but why do they only use euphemisms, idiots don't understand euphemisms. Well I shouldn't argue with idiots anyway, plus when proven wrong they act victorious anyway so whatever they're so far beneath me why even bother.
"Although the profit for the financial year came in at SDR 166 million, SDR 295 million less
than in the previous year, our total comprehensive income more than doubled, to
SDR 1.6 billion, boosted by substantial unrealised valuation gains from the rising gold
price and a fall in bond yields." (The SDR is the IMF world reserve currency that tries to be less dependant on the USD).
-> Buy Gold
-> Make Gold tier 1
-> Oh noes! A big crisis! Quick! Rush to Gold!
-> Rub hands
About the dividends my source is the belgian bank: www.nbb.be
A few months ago, the ECB asked banks not to pay dividends for the year. BIS just showing the example.
Hey isn't that a systemic risk? If top banks don't pay then other banks below in the pyramid scheme can't pay, and so on.
Taxpayers should take the blow to make sure bankers get their full profits. Even if they all made big gains on gold (at least Russia China and major central banks did now I don't know about all banks).
The most important release is probably the annual economic report www.bis.org
Page 21 they drew their cryptocurrency pyramid scheme I see. 1 crypto to rule them all. That's some scary s**t right there.
Back in 2007 the BIS warned of great depression dangers from a credit bubble popping from greedy bankers speculating on trash bonds with mega leverage. Spoiler: the BIS was right (except it didn't go all the way to a great depression maybe because "QE and bailouts worked" - the USA are burning and they are dealing with a communist revolution and are entering the greatest depression in history 10 years later but hey, it worked great! Well done!)
www.telegraph.co.uk
If you wonder what direction they'll keep going just look at the heads of governors meetings: Powell, German guy, French guy.
It's going to be the same guys, the same countries, the same tools, and a big big explosion.
MrRenev "warns of risks" of biblical collapse and possible "risks" to western central bank governors.
I'm going to do what they do and replace everything bearish by "warn of risk". What a running gag.
Oh and also rather than say "absolute collapse that decimated the lifesavings of millions" I'll say "there was volatility in the markets" 🙃
I found out why they call it volatility, it is because when it happens your savings... volatilize. Sorry.
I'm so tired of those slow mode no trend markets, even Bitcoin is not spared lol. I can't wait for "risks" and "volatility".
|| XRP will be on SALE | 0.16 CENTS by MID-DECEMBER ||Hello again my friends, XRP is setting up for what I like to call a painful meltdown.
Why? Because adoption of XRP by big banks/institutions will not be at 0.25-0.30 cents, that is too expensive. They can get 2X the amount of XRP by pushing the price down.
I mean would you rather have 500 XRP for $150 or 1000 XRP for $150. You answer it.
HODL your seats, and get ready. The roller coaster will be mad.
M Top on $ETHUSD: potential selloff incomingBe wary of the M top coupled with the volume dump indicates that we were unable to break next resistance and market oversold + exhaust & recent developments with $LIBRA (more on that later) have made market outlook && priceaction analysis a lot more foggy as the forecast seems to point towards a pullback before we see any sort of consolidation/reversal and continuity.
Check link below for img take note of the spaces between // and other breaks in between link.
https:// forex-charts book. com/ chart_patterns/04/ double_top. png
Tried to edit it in but I guess we can’t publish sites. Check my twitter feed for img too.
Personally i sold (check last chart) after we TP1 then went pretty much 75% in on this BNB BOOM while diversifying rest into some other stocks currencies & $XAU $GLD which is holding up as predicted) but more on that also smh when I get a chance.
Not enough hours in the day...
Contrarian Play, Bubble is about to burst SPY QQQthe market seens to be indestructible, but the thing is, market has not retest dic lows, like it dit in april 8 2018, that was real whats why markets did go to all time highs, when we have market correction in feb 1, tax cut new sell the news, now we have another story china deal but these news have already price in, the last time that i see market not let it fall to even 20 SMA, Was indeed in Jan 2018, market speculators are creating an atomic bomb with leverage, i think china is gonna unwind the devil, also, i have wathcing currencys, the dolar and yen has been manipulative like the last time we had corrections, the same thing different story,market rise faster but downside oh men, i think we will have a vix 30-50 this time. once this thing star to fall to 280 gonna go down faster to 275, i think microsoft one hit $100 in the next months,also all last rallys have low volume,im worried, but honestly even real state is all time high, market just ignore every negative news and embrace "+" just watching CNBC makes me barf. just becareful about your investment horizon, just in january apple did warning about profits, and now everything is fine? fed has created this massive bubble for years but my actual target for spy these year is 2008 and by march 2020 1999. enjoy will it last the biggest bubble in US History and is not bitcoin. So rare that the fed has decide to cut rates 2 to 0, but the economy is soaring, once those yields hit below 2% panic comes, inverted yield curve have been the most realiable source of predicting Recessions, end of economyc cycles once these bubble burst is already to late. you cant buy puts You are welcome.
TrendySeems NYSE:ACB aiming to break the 50% fib. Signals are overbought and as we know there's a lot of emotion in the cannabis market and everyone's betting on gains. Seeing overbought is a caution sign, but with millennials being a large driving force with little experience (me included, I've been trading crypto for less than 2 years), things look like they're as risky as can be. We did have a small breakout of my previous resistance levels and entering the next set of resistance. It broke and closed at the mark and hoping this week it continues to climb as all the other major hitters have been this last week. Continuing to monitor news as it relates not only ACB but the market in general. Looking at a channel forming but as mentioned, I'm waiting for a correction to buy more.
Any opinions or links to other ideas are always welcomed.
Disclaimer: I'm a millennial lol
Golden Ratio theoryAlthough nobody want to talk about what happen will be if the price up to hit $4700-$5000, I got to mention there is a very chance to go down a lot, there is a big possibility so many zombies waiting to cash out for the hedging, if so it is going to happen around Feb 19, hope it's not happening.