Here we have ARKKs bear market pattern overlaid with US100. Just pointing out a possible pattern. Fully expect markets to rally with the end of May and into June which would be similar to how ARKKs bear market has played out so far. Maybe things get spicy like they have for ARKK? Time will tell as the "crash" would be next year, so plenty of time to see how this...
Are the algorithms using the same pattern as before? Looks very similar. Going long.
Studying the VIX on the monthly chart. Looking at the dot com bubble and 2008 crash you can see the VIX works in some pretty massive waves. Looking at today we are in a some kind of new massive wave considering we haven't had a proper market correction in 10+ years. Can VIX break past 100?
Long SOL for the future, but can't deny that it currently looks like a textbook impluse wave with a possible ABC correction incoming. Will be buying in the $30-$40 range.
With only 12% of the supply out, i think we should start to see some price drops again soon. Currently sitting on a possible sell trend line. Let's see what happens!
Looking like a possible inverse head and shoulders on ARKX daily. Not the most beautiful and its pretty scrunched having played out over a short time span, but its there. Targets will be back into the 20+ range.
NDX is looking like a classic bubble for the time being. All the events line up really nicely for the bull run. Now let's see how diamond handed everyone truly is. Opened SQQQ position with no limit.
Looking at the CQQQ on monthly. Getting close to the bottom of the channel and the MACD is looking like it could start rounding up on that trend line. To add some counter argument, it looks like a giant elliott wave. We could see it break the channel and see a correction.
Update for my previous chart with a pattern fix and some more detail on how I plan to trade the accumulation phase and do some nice compound trading in a retirement account. Will likely stop posting new charts and just keep updating my trades here on this chart so be sure to follow.
Not much on this one, just looking at USO in its downward channel . Seems like we may get some interesting reactions in the next few years regarding countries that are too heavily invested in oil to keep the price up. First up Russia. Next USA.
Update on the ALGO chart. Going to be showing my position here, which is in the blue(red). Algorand is a project i have a lot of faith in so i am not worried and will be loading up on this dip that could be coming. I think we will be retesting some support zones sub $0.50. This is a really long 10 year+ position i am building so will be purchasing as much as a i...
This is strictly reading the chart, and it looks like a possible bear scenario/recession could be on the horizon. Using the same bear market pattern from 2000 but scaled correctly for current price action it looks like we could finally see a retest of previous highs from 2020 and consolidate/digest the past few years of over spending by the fed. If its a typical...
Hello again, still watching the monthly and weekly charts on GME. It's possible we have a new bull run in the next few weeks, but i believe we still have more downside. Institutions still are not buying and there has been no major increase in volume. Follow the money and think like a whale. With that in mind i believe we will still see $50 range and see some form...
Update on ARKK Monthly Reloading. Looking like there might be some more pain in bound. MACD is still pushing down and its looking like it could hit the MA at the bottom of the fib channel. It's easy to kick ARKK while it's down but you can't ignore its past wins and its potential to win again.
Weekly chart indicated we could have a few more weeks of pain before getting back to support. Will be adding at both buy targets. Upside is great on this one with GME partnership.
Update to the previous chart. Adjusting fib channel and identifying support a little more. Will be buying and holding into this upward triangle for a nice bull run.
ALGO is in support zone again. I think we accumulate here for a few weeks and see another run up. Ultimate plan is we hit those upper fibs before some kind of retracement back down.