Yes, this is also possible. I am piggish at my core even if I've been leaning bear (due to the ridiculousness of this market/economy). Should this setup manifest, it will be because a new ATH is reached this week. Prepare for a very weird move higher following the ATH. It will look like an actual moonshot to 100k after failing to break down to the line of death,...
Take your time, the Titanic was like a 3-hour movie. -Clairvoyant Pig (Pig-with-normal-vision) BITFINEX:DOGEUSD BINGBON:DOGEUSDT KRAKEN:ETHUSD BITBAY:BTCUSD CRYPTOCAP:TOTAL
Answer: Top one is 2020, Bottom is 2000. I don't blame you if you guessed incorrectly. TVC:IXIC TVC:NDX CURRENCYCOM:US100 NASDAQ:QQQ NASDAQ:TSLA NASDAQ:AMZN NASDAQ:AAPL NASDAQ:FB NASDAQ:NFLX
In the chart above, I display a daily chart of gold at the top, followed by the graphical 90-day correlation coefficients between gold and various asset classes. I do this kind of analysis at times when I feel a major inflection point is incoming. It is very handy when everything is moving quickly, since you can make the right choice after the dust settles....
Well, well, well.. what an interesting setup we have here in the realm of the metals. It seems that confusion regarding inflation may have caused price overshoots in different directions for different metals. Two of such that glare out to me are Gold and Copper. I will structure the write-up of this Pig-Play a bit differently this time due to the inherent...
BARR tops can be seen across markets at the moment, but this is the first potential Dual BARR top that I've noticed so far. This ending is complicated and trading this is basically not worth it until it breaks out of either trendline. I'm sitting it out and then probably shorting it since 60K USD is not sustainable at this point in time. It's also not a proper...
Some things to note about this particular analysis, should it hold up this week: a) The green vertical line signifies the exact midpoint at 9/24/2020. Recall that this exact date was a major inflection point to the upside. b) The entire ending pattern ("rally") since March 23rd, 2020 will have been exactly 53 calendar weeks; this is a fairly well-hypothesized...
Simply put, RIOT's share price is mostly a function of the price changes in Bitcoin and the price changes in the Nasdaq. Thus, if it appears that both of these asset classes are breaking down technically, it follows that RIOT will do the same, but in a synergistically bearish way. The correlations displayed at the bottom of the chart speak to this...
Might be dreaming, but am nearly certain that I saw crude futures get thrown over, which directly led to the sudden slow deterioration of SPY. The question I have is if there's a crash, and nobody hears it, is there still a crash? Very curious to hear thoughts. AMEX:SPY TVC:SPX TVC:DJI TVC:NDX OANDA:US2000USD TVC:VIX TVC:USOIL
While the interwoven diamond pattern is a strong bearish signal, it does not actually provide strong guidance as to the very local direction of the next miny-swing in the DJI. It seems that we will either test that upper trendline once more (as would be consistent with the past year of whipsaws), or, we do not. I have a strange feeling it will not and the red...
As displayed in the top-most chart, BTC managed to break the bearish harmonic pattern that had apparently formed, which led to the failure and subsequent move higher. Typically, a failure such as this one leads to prolonged trend continuation in either direction. HOWEVER, Why, then, did the continuation randomly stop? It could be nothing, but it also could be...
I do not believe that I have seen such a sequence of diamond patterns, such that, they form an inception diamond top (i.e. a diamond top within a diamond top). Moreover, the diamond bottom pattern is an even more bearish sign than the diamond top. Maybe all the bearishness cancels out and the Dow rips higher. More likely though, this will end in a violent...
Detailed continuation of the idea linked below. Hoping at least three people tell me I'm wrong. Before you do, this last "C" count is based on my opinion that it is a terminal pattern with a 5th wave horizontal triangle, so keep in mind that many of the typical rules (mostly overlap) do not apply. TVC:SPX
Nothing fancy here. Just my best hypothesis in the intermediate term. -KeepingItSimpig TVC:SPX
Above is an attempt to solve the age-old question of whether or not inflation exists, and, if it does, how much of it is floating around in today's environment? I like gold because it makes a market that is purely free from exogenous intervention. You can be sure that the changes in the spot price of Gold are reflective of either one or two things: 1) society's...
It seems that every day is DJI's birthday - especially over the past year and a half. Today marks the 40th birthday of 2021, and as such, everyone has been invited to the surprise party. Believe it or not, I think the Dow might actually like his gift this time around. - Piggift TVC:DJI CURRENCYCOM:US30 TVC:SPX CURRENCYCOM:US500 TVC:NDX CURRENCYCOM:US100 ...
To end my latest run of Dow analyses over the past couple of weeks. Now, the implications of this move are extremely serious and many people will suffer greatly should this come to fruition. Still.. pun is very much intended. -PigPun TVC:DJI CURRENCYCOM:US30 TVC:SPX CURRENCYCOM:US500 TVC:NDX CURRENCYCOM:US100 OANDA:US2000USD FOREXCOM:US2000
I've been both a BitBull and a BitBear recently. I've also been incorrect recently when subjecting my opinion in either direction. Thus, I am going with my most objective BitPig analysis today and providing what appears to be the most likely scenario. Although it is ultimately Bearish, I am not a Bear in this case. Just BitPig with a BitDream is all. BTC may...