have been spending my weekend rummaging through posts by pundits and market's movers and shakers. This is my assessment (and not my recommendation). BTC will fall hard like gold in the weeks coming fore. But that does not mean you sell ok! You accumulate BTC when it dips south. Clear? pointless buying now because fomo is already in play. In the words of our...
In this chart I have made it simple. I accept that price can appreciate further but I will be looking for sell opportunities at levels posted earlier. My main concern is how to handle this gigonormic rise with the expected fall to come. It will come and if you are following I assure you it will come by early December. Logic: Election results FED rate Cut...
October 21 - 25 Roadmap Fib extension levels indicated are sell levels Green boxes or demand are buy levels (accumulate) with proper risk management Pink box is your ideal retracement target Sell Stop (NOT Stop loss) blow 2627) This is my trading plan and not a recommendation. I am sharing and caring that is all. What you do is your own decision!
The point of this chart is to demonstrate that prices dont just go zoom boom or crash bang! there is a semblance. Always remember the market is an efficient self correcting mechanism and that is why fair value gaps or imbalances are filled more often than not. If the price elevates way above the 20 period moving average it means there is a distort in the market,...
In this chart I have kept it simple. Old school style because I am old school. If you have the time please ponder on these fundamental and technical points. 1. Gold is overbought on higher time frames 2. Why is it overbought ? Clue (Sharks) 3. DT is edging ahead in the races and that is bad for gold and sharks know it 4. Middle eastern crisis is no bad or no...
Unlike most of the pundits here who preach price action or Elliot waves or other technical stuff, i believe prices move because of geopolitical reasons.. Lets be honest to ourselves. Is the dollar down out knocked out ? you think that USA will let china Russia brazil and Saudi Arabia depose king dollar ? I don't think so .. I think there is a big short coming ....