Great observation. I have been wondering the same thing since BTC & Spx flipped bear back to bull.
In this weeks game you will have several items to choose from. First item you'll be bidding on is Bitcoin. And the second item you will be bidding on is an energy company. And finally, long vix because it can't go any lower... Right? Good luck contestants.
Dealers are pricing in some big moves. Possible legalization changes in US. Company is restructuring for rapid growth. Redecan charged earnings due. Light em if you got em. Not financial advice.
Hexo is literally a small cap growth stock. The recent drop in share price was understandable because of the 140m offering and securing 360m in debt both of which are being used to acquire Redecan which is an extremely popular LP in Canada from the Q3 financials Under the terms of the Share Purchase Agreement, the $925 million purchase price will be paid to...
I did this first chart for fun after studying wyckoff I thought it was disproven around the end of sept, but the US indexes started falling and bitcoin reverted back. Think, what would make Bitcoin drop in the next 3 months? Conflict Between China / Taiwan. Uncontrollable Rise of Energy Costs / Energy Crisis. Gov. Regulations on Crypto / Crackdown. Mass...
Interesting week last week. S&P went from the verge of a Bear Market to a breakout and gap up. If a bounce off the top of this new Bullish channel There should be a dip into Wed VIX expiry. And then likely trap some bulls before testing the lower end of the channel Followed by reversing on the Inflection Point / Gamma Flip area of 4363. This time I think we...
Don't lose your spirit. Tug-of-War needs more than just raw strength. All you need is a good strategy in Tug-of-War and combined with good teamwork you can win against a stronger team. When I was young I used to like Tug-of-War. It's a game I know well and back then I would always win. Even when there was a wrestler on the other team and the odds seemed stacked...
It seems like a good time to update this chart. You know what they say about to many coincidences happening don't you?
SHIB is a good measure of crypto sentiment right now. A bounce here into upper channel, US index go down. break the channel, likely US indexes go up. US market indexes slid into Bear market territory, crypto picked up momentum. now we see markets bounce back the last 2 days right into the gaps everyone is aware of the last 3 months. If Elliott Wave...
Following this trend based on last weeks chart of an HUGE inflection point. If you look back you can see it in my last silly trading journal.
SHIB has been gaining popularity with retail due to its perceived value. I have not read the whitepaper for shib but plan to this weekend. In the meantime, this little coin has grown over 250% in the past 9 days and found an accumulation channel. The next 3 days I'm working on 2 plans for shib. 1. We continue to see a trend upwards reaching toward past...
Every 3rd Friday of the calendar month is OPEX (Option Expiration). The difference during the most recent OPEX cycle was: Excessive Front Running OPEX DIP Evergrande / Contagion Debt Ceiling Crisis China / Taiwan Tensions Inflation / Hyperinflation ------- Kai Volatility ------ Kai Volatility refers what happened as a Second Move Phenomenon....
SPY Journal 10/08 The world was not plummeted into financial ruin as everyone predicted. Not really a surprise considering almost all quants I observed were trying to explain why I (SPY) am reacting the way I do. The general consensus is the relationship between SPX/VIX as the wizard of the ops explains in this tweet thread. This explains why I have been...
Today I realized you can't spell SPACE without C apitalist APES . The last 2 weeks on twitter have been a firestorm for Citadel and PFOF is in the spotlight. Dave Lauer is working on funding The Terminal . Check it out. I think it has merit. Not Investment Advice. A Parody.
SPY Journal 12/10 There has been no sign of relief as Bear pressure mounts against the Bulls around the 435 inflection point. 435 seems to be the point at which Bears are in control of the weekly. Bulls pulled ahead last week, but was it just another well laid Bull trap as 435 was rejected 3x today. I took another shot at the Trendsetter XYZ after...
I hate to ring the bells, but S&P options and VIX structure is not looking so healthy. I'm starting to pick up some twitter feeds on Harmonic Elliot Waves. The CastAwayTrader has some very interesting patterns to follow. CastAwayTrader points out that closing below the 21 Weekly EMA (Exponential Moving Average) is an important indication of transition into a...
Here is the first game. You'll be playing Red Light , Green Light . You're allowed to move forward when "it" shouts Green Light . Stop when "it" shouts Red Light . If your movement is detected afterward, you will be eliminated. Those who cross the finish line without getting margin called will pass this round. ... I will now repeat the rules. Not...
SHIB has been gaining a lot of attention during Bitcoins latest upthrust. US Gov. is kicking the Debt Ceiling can down the road so we may see a pull back in BTC (+alt coins) as US markets rebound. Bitcoin has just about reached the WYCKOFF Distribution (ST) Secondary Retest that would identify the end of PhaseA and a start of a down trend. Not investment...