MysteriousPersian

MysteriousPersian Updated 

Buy at your own risk but there is a massive dead cat bounce incoming. After more than a 98% drop from all time highs and the highest treading volume ever, the snapback here is going to be substantial. very short term long

MysteriousPersian Updated 

Super top forming after mega bull run. Time to pull profits and go short. Big tumble awaits this coin after such a run up: the bigger they get, the harder they fall

MysteriousPersian Updated 

the more often the price action tests a resistance or support level, the more chance that level has of being broken -sun tzu

MysteriousPersian Updated 

If the SPX would break down under this level, there would be a significant correction that would ensue. Many catalysts or in place for it to happen. Long-term investors should be wary still of entering at these levels. The market remains drastically overbought despite the recent correction.

MysteriousPersian Updated 

UVXY shown here is an ETF of the VIX and it is leveraged, which means its dip under the current trend is insignificant and mostly due to beta slippage. The VIX itself is still trending up and volatility is increasing at an alarming rate. Buyers beware, the winds are changing in the bear's favor and a deepened correction in the major indexes is HIGHLY likely

MysteriousPersian Updated 

Looks like an inevitable push lower on all fronts, with small coins showing the same signs of weakness, it should be expected that new intermediate lows will be made in the short term

MysteriousPersian Updated 

This is a very telling sign that the current short term trend has switched sides. Bears are in control now from a technical analysis standpoint. From a theoretical standpoint, very simply put, the central banks will have to start pumping the brakes on quantitative easing unless they want inflation running out of control: it is already much higher than the metrics...

MysteriousPersian Updated 

Crypto and SPX are still in correction territory. As the major indexes move below their current medium-term growth lines, a bigger correction looms beneath the surface. A deeper drawdown for the SPX/NDX seems inevitable here and it will most likely have repercussions in the crypto space as well.

MysteriousPersian Updated 

The markets have been teasing new highs for a while now. The latest price action from this week shows a tremendous amount of selling pressure that will most likely result in stocks making short term intermediate lows and deepening the current correction. Be very cautious going long.

MysteriousPersian

The crucial moment for many cryptos here. Turn around is likely with the technical move above a large falling wedge. Looks bullish but crypto has been known to surprise. That being said it is equally likley that an socio-political event could cause a full capitulation. Looking for signs of both. will keep this idea updated

MysteriousPersian

Crossing over the 200 MA, triple bottom or reverse head and shoulders, and solid short-term uptrend show the market is slipping and has a high chance of moving into panic sell territory. Load up while you can.

MysteriousPersian

Gold staging is a classic breakout from a wedge formation. Long on gold. Socio-economic factors will push this to a new high. Hopefully we re-index the dollar to the gold standard (thanks Nixon)

MysteriousPersian

The medium-term trend is definitely down, therefore it is relatively safe to assume that the odds of this current formation being a bear flag are quite high. Looking for a breakdown for a continued short here. If major stock indexes continue in their own respective corrections as well (SPX and NDX are all correcting 10%+), there will be a continued slide in...

MysteriousPersian

The current recovery feels weak and trappy. A lot of traders are interpreting this as a potential bottom. In my opinion, it's much too early to call a bottom here. Most likely it's another dead cat bounce and another lower low will be incoming in the short term. The large support area shown is vast and it will most likely remain volatile to the downside for the...

MysteriousPersian Updated 

Panic selling already starting to show. I wouldn't be surprised if it slowed down around 40k before consolidating further. The momentum is still bearish with the short term floor formed at 45k being breached. If it continues there could be a potential revisit back 30k. Knowing BTC volatility this is a high probability of happening.

MysteriousPersian

Looking at a short term reversal of the recent uptrend. Looks like a retrace back to 30$ region is highly likely with major cryptocurrencies bleeding rapidly. Long iota for the stake and short everything else.

MysteriousPersian Updated 

Stakes will last for another 90 days. Expect this to keep outperforming BTC in the short term as funds stay locked up out of exchanges. Nice trend confirmed with a solid short term bottom formed at the 1.35$ region. Looking for a push back to 1.50+

MysteriousPersian

the breakdown of the wedge is a significant indicator. Lack of follow-through volume may cause this to tumble back under 3.00$.