Should we be filling up our pockets with long calls and riding the Funny Munny train? The SPX is bouncing right along on the Vegas waves towards likely levels of $3k-$3.2k in the next few days. Interesting twist is that Memorial Day is coming up and US markets will be closed Monday. If buyers evaporate at higher PE ratios than at all time highs, while we are...
Market looking weak despite hopium rallies on WH and Fed PR stunts. Tons of Bearish Div, all the way up, and lots of Stimcheck buyers hodling very overpriced equities right now. Way too high PE and sinking GDP in the US. M2V is at lowest levels, maybe in history, as valuations reach near-bubble stages. Currency washed out by Fed pumping and bidding up prices is...
Possible dip into 2nd wave after the Halving. Still awaiting confirmation on the lesser 3rd within this move. Entering the "Joywave."
My BTC analysis calls for a bear market after the Macro B bounce to last 11-13 months, dropping to the $4k-5k zone. ETH on the other hand is fundamentally strong, and IMO the future of the Cryptosphere. A B Irregular top is highly likely, espcially since the corrections within the A made an Irregular Top fractal. The top of the wave channel is extremely...
I am returning to my original analysis. I was persuaded by other TA and recounting that the Irregular Top I originally saw in the ETH ATH was wrong, and was actually a 5th extension. (Theoretically speaking, I think all 5th extensions have some corrective nature, and are in reality, Irregular Tops, but that's a whole other conversation!) Returning to that...
BTC Macro EW chart. Massive heaps of FUD rolling out of the Media Echo Chamber, Twitter vortex and Reddit-sphere amplifying or triggering what's already been in the chart for awhile now. The timeframes are based on the lengths of the 2nd wave, and Fib ratios of the ABC. The ABC there in Primary will eventually makeup the A of the Macro ABC inside the 4th wave. ...
Seeing Irregular/Expanded Flat fractals in the corrective structures of LTC. The top of the 1st wave is roughly $106, so the 5th of the C of this macro A shouldn't exceed that low. IMO LTC is nearing a bottom. Look at the %b for confirmation here. It is interesting that a very large Irregular Top B could arise here, especially in light of the massive...
The fundamentals of $ETH are not in question, in fact, everything we talk about amongst ourselves (ETHeads, ETHTraders, you know who you are) is simmering under the surface. Sometimes we take for granted just how small and isolated our chosen world really is, in comparison to the rest of the financial awareness of the general public. A good exercise is to go...