Karabo_michisi-29

Karabo_michisi-29

Nasdaq 100 is still in a bullish trend and it looks like it will push higher, but the macro-economics tell's us to expect a market crash and seasonality also indicates that nasdaq during Q1 usually does not perform well so i'm still bullish but i will not go all-in on the buy button.

Karabo_michisi-29 Updated 

This stock based on my technical analysis looks expensive for me to buy, I'm waiting for a huge retracement to the downside as there are two gaps waiting to be filled.

Karabo_michisi-29 Updated 

The us100 famously known as Nasdaq is seen being in a bearish trend and it seems like we've hit a potential resistance area which is also the neckline of a potential double top, I'm just waiting for a bearish (red) hiken ashi candlestick to prove that price is rejecting to break higher.

Karabo_michisi-29 Updated 

Gold looks attractive technically speaking but I see it breaking below trend due to a strong dollar so lets be careful as I don't see it buying.

Karabo_michisi-29

Bitcoin failed to break it's high located at 31K instead it formed a possible double-top which will be valid when price breaks below 25K and I see price falling to 16k if not 20k. In my knowledge as I look at the business cycle it seems to me that we are going into a recession which will confirm why bitcoin couldn't break higher.

Karabo_michisi-29

As recession fear starts to kick-in, bitcoin is seen struggling to crack its ceiling located at $31k. Despite the fact that the fundamental's are not looking positive technically we still bullish.

Karabo_michisi-29

As the 10y minus 2y treasury dipped below 0% giving us a recession warning we see oil (WTI) in a very sticky situation were it could slide down to $35/$20

Karabo_michisi-29

Uniswap broke out of a bullish triangle and it looks like it will go higher

Karabo_michisi-29

The dollar index formed a double bottom formation and is at a good spot for me to place a buying position.

Karabo_michisi-29

A possible double bottom is about to playout and it would be a great time to place a buy position at current level.

Karabo_michisi-29

DXY looks like it's in a possible sell and I'm hoping the double-top formation will showup.

Karabo_michisi-29

EUR/USD buy signal has been noticed and I just placed two positions on this pair.

Karabo_michisi-29

Amazon stock broke out of the downtrend and looks like it just entered a uptrend. A minor retracement should occur for me to even consider placing buy positions.

Karabo_michisi-29

Apple looks like it has completed the 5 waves up of the Elliot wave theory, I'm waiting for the 3 waves (ABC) to the downside to complete the full 1-5/A-C Elliot wave structure.

Karabo_michisi-29

Tesla stock looks weak technically this is because the macroeconomic factors of the stock are weak. So lets look to short the stock as the Fed keep interest rates at high levels.

Karabo_michisi-29

Despite the fundamentals being negative for this index, technically we in a bullish trend and we should wait for some retracement (13000.0) before placing any buy positions. The index might struggle to reach new highs due to the fact that the U.S is still seeing high numbers of inflation plus the Fed funds rates are going against the index.

Karabo_michisi-29

Bitcoin looks bullish technically speaking and i see it being in a very good spot to buy it. But I have to say that Bitcoin/USD has a higher chance of it being 'Bearish' due to the fact that the dollar is strong, basically fundamentals point towards a bearish momentum.

Karabo_michisi-29

E-U entered a bearish trend due to a strong dollar, but I'm waiting for a minor retracement before I consider shorting the pair.