UnknownUnicorn5511258

UnknownUnicorn5511258 Updated 

High probability trade for very fast gains this week. You'll know if it's on by end of day; would get in short soon and leave a very loose stop. TVC:IXIC TVC:NDX CURRENCYCOM:US100

UnknownUnicorn5511258

All I know is that this will be entertaining if it comes to pass.. TVC:DJI CURRENCYCOM:US30 TVC:SPX CURRENCYCOM:US500 TVC:IXIC TVC:NDX CURRENCYCOM:US100 TVC:RUT AMEX:DIA AMEX:SPY NASDAQ:QQQ AMEX:IWM

UnknownUnicorn5511258

Looks like a bull trap that coincides with Nasdaq's price movement. Will concede if BTC trades over 40k by end of month, otherwise would be careful before entering long. BITBAY:BTCUSDT BITBAY:BTCUSD COINBASE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2

UnknownUnicorn5511258 Updated 

Dow Theory is a foundational set of principles that underlies modern technical analysis. One of the main tenants of the theory involves trend confirmation by comparing similarities between equity indices' price behavior. Originally, the Dow Transportation Index was used to confirm trend direction in the Dow Industrial Index. Now things are a bit more complicated,...

UnknownUnicorn5511258 Updated 

There isn't much more to say other than that if the 0.886 retracement holds on both the hourly and daily timeframes into Tuesday's morning session, this Bearish Bat harmonic could end up confirming an enormous reversal that has been nearly a year in the making. I remember reading that some dude had a 2M put position going into Amazon's 2020 Q2 earnings report......

UnknownUnicorn5511258 Updated 

I've been leaning bear for so many weeks now that I'm already looking for growth names to go long on after a much-needed pullback across indices. Before the long entry, though, it is advisable to wait patiently for a pullback. As much as it sucks, the equities market will likely experience either a sizeable correction or short-term crash due to sustained, extreme...

UnknownUnicorn5511258 Updated 

The Three Stars in the South candlestick pattern is a very uncommon bullish reversal pattern. I've only ever seen it complete on the daily timeframe one other time in my career - when Tesla went on its truly parabolic run from 1300 - 3000+. See related idea. Seriously, that's the last and only time I have seen this on a daily chart without it being a historical...

UnknownUnicorn5511258 Updated 

Hypothetical Future Conversation Between Robinhood Bro and Co-Workers: Co-Worker 1 (Enters conversation late): So what stock are you bros talking about.,? Shopify? Hah! More like Shopi-fucked! Am I right!? (left-handed fistbump left hanging) Right!? (right-handed fist bump left hanging) Come on guys, am I right or what? Co-Worker 2: ...

UnknownUnicorn5511258 Updated 

I say probably because Bitcoin traverses so many thousands of points in a day that it isn't out of the question to figure that a new cycle could rise and fall in 2021 after this one bottoms. While most are thinking about discounted long entries (and the beginning of the next near-term bull cycle), I prefer to take the glorious short setup so that I do two...

UnknownUnicorn5511258 Updated 

The last two major stock market retracements occurred in 2000, and in 2007, respectively. Each of these was assigned an underlying cause and an overarching title. Yet, it could just be that both of these were caused by the same de facto trigger; rather than the convenient set of societal circumstances surrounding each at the time. Nomenclature and true cause...

UnknownUnicorn5511258 Updated 

The wedge that has been forming on IXIC seemed to have completed into the close today. As the age-old children's rhyme suggests, don't touch the Nasdaq in May. Especially when preceded by April money showers. -Not With A 10 Foot Pig-Pole TVC:IXIC TVC:NDX CURRENCYCOM:US100 TVC:SPX FOREXCOM:NSXUSD

UnknownUnicorn5511258 Updated 

If you think this is nuts, keep in mind that Bitcoin just ran 10x this in what will be a similar amount of time (see bitcoin projection related post). Also, there's legitimately nothing else to invest in at this point other than renewable energy stocks, other precious metals, base metals, and general commodities. Oh yes, almost forgot about those mining stocks as...

UnknownUnicorn5511258 Updated 

Pick any path you want, none look appealing from a bull's perspective. I created this chart today because I found incomprehensible that the Russell tape kept getting bought aggressively into today's close. Forget about the fact that this index has tested the lows of this triangular range (black date range above) several times, but what is more troubling is that...

UnknownUnicorn5511258 Updated 

Pick a path and then wait patiently for a short entry before the first apex (in terms of shortest duration) of the three pathways to choose from. In this case, Pathway 1 has the narrowest channel and would hypothetically be finished around this time. If that is the case, you should expect an impulsive wave down and an unmistakable trend change along with it. If...

UnknownUnicorn5511258 Updated 

If you are wondering what you should be doing in terms of trend following the equity indices these days, I promise you are not alone. This multi-month range-bound "bull market rally" since December has turned into a money-printing extravaganza for everyone who is not in the business of making money in markets. The disequilibrium between "normal expectations" of...

UnknownUnicorn5511258 Updated 

To illustrate what I touched on in the bullish alternative, this is much more likely to occur than a fuller-lengthed parabola to 75k or higher. Below is just fun speculation from a piggish perspective. How Will Each Tranch of Trader Perform Under This Scenario? Downward head-fake has happened so many times now, that any bullish trader worth his salt is going to...

UnknownUnicorn5511258 Updated 

This seems like a pretty blanket statement, but I believe that it will succeed regardless of the type of news being reported or whether the underlying asset in question is directly the subject. What I mean is that if you were to sell all earnings reports prior to the announcement, it will be a net winning strategy. If you sell the major indices into the FOMC...

UnknownUnicorn5511258 Updated 

Bearish Confirmations in Order of Least to Most Important: 1. Price Crosses Over and Closes Hourly Below Red Line "BAR-Reversal" 2. Price Chooses to then decline more rapidly, ultimately choosing the steeper downward path 3. Angle ends up being so acute down this path that line of death is crossed 4. Line of Death is closed under on the hourly timeframe 5....