Michael_Wang_Official

Michael_Wang_Official

The crypto market has been rather lagging - in terms of performance - compared to other markets, as Bitcoin continues to range around the 100k range with every correction impacting altcoins to a higher degree. However, I believe that a bullish rally for crypto is imminent, and within crypto, the memecoin sector, specifically, will outperform all other assets. ...

Michael_Wang_Official

History doesn't repeat itself, but it often rhymes. Donald Trump, who is to assume office in a few days time, is an avid proponent of cryptocurrency. This entire bull run of 2024-2025 is based on memecoins, and it's hard to deny that attention will be shed on DOGE, the OG memecoin. From a technical analysis perspective, Dogecoin demonstrates perfect bounces off...

Michael_Wang_Official

In this post, I'll be providing an explanation on market cycles referring to specific time periods and fibonacci support and resistance for key lows and highs. This post is not financial advice. This is for educational and entertainment purposes only. This post was inspired by @CryptoCon_ on twitter. Time Periods Explained - The chart may appear extremely...

Michael_Wang_Official

Happy new year everyone. It has been months since I've last posted. The bear market has been rough for everyone, including myself, and while I don't think we'll be headed towards a massive bull trend anytime soon, it might be too soon to let go of hope now. In this post, I'll explore a speculative scenario in which we retest $14k before moving to retest $28k,...

Michael_Wang_Official

In this post, I'll be breaking down Netflix (NFLX) from both a technical and fundamental perspective, exploring a narrative as to why this may be the most undervalued company in the market at the moment. Netflix has taken a massive hit, trading below $190, when its 52 week high is $700. I covered this stock when it was trading around $600 ranges, and said it...

Michael_Wang_Official

Today I'm going to address my perspective on Bitcoin. I see this as a potentially life-changing opportunity for a lot of people, but I also understand that many people will simply overlook this opportunity. I'll talk about the overall macro structure of what I'm seeing for Bitcoin's cycle, the force behind this bearish price action, and the most logical and...

Michael_Wang_Official

In this post, I'll explain the ongoing situation with Twitter; how they're preventing Elon from buying the company out, and my thoughts on why Elon wants Twitter so badly. Twitter's Strategy - Twitter is using a strategy known as the 'poison pill'. - This is one of many defensive strategies that boardrooms can take when they're trying to prevent hostile...

Michael_Wang_Official Updated 

I always emphasize that time in the market beats timing the market, but I want to share an interesting approach that you can consider taking when timing the cryptocurrency market, especially when it comes to Bitcoin's overall direction. This is not financial advice. This is for educational purposes only. Tether Dominance - Just as Bitcoin dominance refers to...

Michael_Wang_Official

Recently, a lot of people have been talking about the possibility of a multi-year recession. I don't think that is a clear depiction of the current situation, but I am aware that the idea stems from a lack of understanding of bear market structures, and influence of market sentiment. So in this post, I'll be going over Ken Fishers' rules and conditions that must...

Michael_Wang_Official

In this post, I'll be referring to the historical chart of the Dow Jones Industrial Average (DJI) in order to explain my perspective on risks associated with the market, and how to respond to current market conditions as a trader and investor. This is not financial advice. This is for educational purposes only . In my previous educational post, I discussed...

Michael_Wang_Official Updated 

In this post, I'll be demonstrating how the Fed's rate hikes affect the equity market (or how they don't), through historical examples and analyses of market psychology. This is an issue that has been going on for a while, and one that has caught the attention of all market participants. Yes, tapering and rate hikes aren’t necessarily good news, but I don’t think...

Michael_Wang_Official

In this educational post, I'll be demonstrating how you can approach the market with simple technical analysis techniques, and logic based on simple probabilities. This is not financial advice. This is for educational purposes only. Identifying Support and Resistance - The first thing you want to do, when you begin with a clean chart with nothing on it, is...

Michael_Wang_Official

In this post, I'll demonstrate the impact of regional conflicts on the market; whether what we're seeing is the beginning of a recession, or a reversal. I'll be going over Russia's invasion of Ukraine, referring to historical examples of regional conflicts and the impact they had on the market. War is tragic. I would like to clarify upfront that this post is...

Michael_Wang_Official

There are two types of people: people who will read through this entire post and put themselves on a life-changing path towards generational wealth by understanding the essence of investing, and people who simply won't read this post. This post may be lengthy and abstract, but I guarantee you that comprehending the concept of what it means to invest, and how to do...

Michael_Wang_Official

This is an educational post on Elliott Impulse Wave structures, and how the theory can be applied to Bitcoin's chart, in order for us to identify the overall market trend. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and...

Michael_Wang_Official

In this post, I'll be sharing a secret tip that I use to identify local tops and bottoms for Bitcoin. With that, I'll also demonstrate how that can be applied to Bitcoin's daily chart in order to explain where we're headed. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or...

Michael_Wang_Official

In my previous breakdown of Bitcoin's chart, I described a very simple approach where i identified significant support and resistance levels for Bitcoin. - For this chart, I have meticulously counted all significant elliott waves for Bitcoin. - You can click around, zoom in and out to see the specific wave counts I made for the past price action as well. - We...

Michael_Wang_Official

In this post, I'll be introducing a swing trade technique that I like to use often, that involves the use of the base line (blue line) from the ichimoku cloud indicator, and the 5 simple moving average (SMA), marked in green. Disclaimer: This is not financial advice. This is for educational and entertainment purposes only. I am not responsible for the profits or...