Check out the two trends prior to this. Clearly, you can see the run of over 300% that was 6 years long and then another 5-year trend at 142% gain. I believe we have entered commodities run and companies that produce oil and sell gasoline or diesel are going to benefit hugely. I am making a call that by January of 2025 we will see XLE at $130. Even if it doesn't,...
Can it be true? Who does it benefit? Check out the M2 money supply vs the S&P 500. Clearly, the more that is printed the more assets increase. Owning assets is your best bet of financial survival. The poor will be crushed but being wealthy in that time is not pretty either. This has been talked about for years by people like Robert Kiyosaki, Peter Schiff, Mike...
Just a quick video breakdown. As you can see a trend building here over the last few weeks, it's likely that trend will continue to true support. That level is very clear at $30k and looks to be pretty heavy support. It is possible we enter the winter and head into that $20k rang or possible a collapse tot he $12k range over a period of many months of volatility....
Taking a quick look at the market to build some planned buying zones. Yellow shows you the dollar zones I am looking at. Parking dry powder with some limit orders is your best option here as some exchanges have larger liquidity drops than others. I am not sure if we will head to $20k but that probability dramatically increases if we break $30k and our support line...
As the title says. I don't believe we are at the bottom but we are close so why wait? DCA is king here. Dry powder bombs are your aces so placing some orders in some low territories is a smart idea to scoop up those sales baby!
I started posted about this new the first sell off that created the top. I still have some notes here that have played out. The shoulder turned out a lot smaller than I thought it would but its there. at $28-30k we have good support and it actually would be good to bounce there and hold to set up for the next leg making this a clear bottom. There are a few...
Buying into this at $64 is going to be a great trade. Sell zone in purple for a hopeful double in price over the next few months. Option prices are a little high so buying the actual stock isn't a bad trade.
We are in an interesting world where price signals are all over the place due to the manipulation of markets by governments. With inflation driving the market it would seem realistic for oil to break out into a new high. The question is, do we have a massive market sell-off that drives many asset prices down as the acts like the 12-year-old threatening to run away...
Breaking the channel? Not saying much yet but the stimmy's are only coming if there is a massive sell-off to eat up inflation by asset deflation. Then the FED comes to the rescue guns blaring. It's always a crisis that brings in the artillery.
Yeah, bruh. That's a top without funny money to help the pump. Watch for a 30% fall from the highs into buy zone #1. This would officially make this a crash but there is nothing saying it will stop there. This is just a technical zone. Follow me on Twitter for more. Or don't. I don't care.
Be watching this zone of $9k to $53k. This is a time to be cautious short term. If we cannot break through $53k then I expect a heavy sell-off toward $40k which is the neckline. If we break that neckline I think the probability is high we see $30k again with the potential for seeing $20k.