I've put the 'Reversal Pattern' (red triangles) fib proportion (0.236) relative to the previous highs they reveresed from and this is what it looks like. We have completed a 3 wave move now and will head lower, bounce off the 2017 support, a big candle up with a gigantic wick to $1340. Short, then Long, then short, then MOON. Looks like it will get very...
Almost a bull market. Just one more correction after this move up to $10100 The market is indicative right now and it will become apparent that we are printing a nice strong bull flag which clearly takes us much higher. Once everyone is long, we go short again. Thanks.
RSI looks overbought, so I'm expecting a reversal of sorts soon, how much is anyones guess. Notice the reversal pattern from 2017, looks like history repeating... and the volume over time. I'm not a day trader, just looking for a position for a long term trade. My wife called me a 'douche bag' 'cause I didn't buy in – nothing like a FOMO indicator at...
We all know that it is impossible to forecast the future, so here is a reasonable scenario that may play out based on the very recent bullish turn. There is FOMO all over the market now, but I think it is a trap and the technicals need to take over, ie: profit taking. Because of the bullish move, I'm not sure the bottom will go lower than $600 (at this point)....
Let me keep this short. I live somewhere were it gives me the opportunity seeing military build ups prior to an attack. Fighter Jets fly in unweaponised from Europe/US, leave fully weaponised to Syria/Mid East. The amount of jets moving to forward positions is getting more not less after last weeks strike, which makes me think something might sink, stocks, bonds,...
This is an overview based on technicals and market sentiment. (Log Chart) It gives an overview with wave count from the top of the market in December through the bear market correction. The market is now ruled by traders only which is why we see the current difficulty in establishing a direction. I first see an immediate down move to $7600 which is what everyone...
This is an overview of the potential outcome over the next week. I think a lot of traders have jumped on the bull market bandwagon a little too soon and it will become overbought, especially in the alts. When the tide runs out this week, we'll se the tide turn and those bulls will be panic selling their longs. That's when we buy the final dip.