chekwon78

chekwon78

Likely to see a similar double top formation before a massive drop after the first quarter of next year

chekwon78

The KOSPI has topped as expected and foreign investors are beginning to cash out. Current fundamentals show that export volume has declined by almost half and a strong KRW is killing competitiveness and denting profits on exporting companies which should translate to drop in stock value. USDKRW should hit 1140 in short/mid term and come back down to the 1100...

chekwon78

Expecting a choppy ride to 2,700 on the KOSPI by Q1.2021 due to the bullish seasonality of Q4 followed by a choppy downcycle into 3Q. 2022 similar to the one seen from 2018 - 2019. The rise of USD is denting profitability for Korean companies which are export dependent. Not expecting a short term crash as the one seen in March 2020 as central banks are willing...

chekwon78

- USDKRW is getting close to reaching the multi decade long support in the 1,100 - 1,090 range - Price is currently outside the lower Monthly BB band - Increasing covid cases worldwide, double dip recession in EU, and uncertainty on a smooth transfer of power in the US added to the highest number of Covid cases are brewing the perfect storm for a flight back into USD

chekwon78 Updated 

If BTC fails to break above 8,650 by Nov 16th 24:00 UTC we might be seeing another leg down to 7.9K within next week

chekwon78

BTC is now out of bounds from the fib circle that was giving it hopes for a quick return to the 9-10k range. From my previous posting, its looks like the first possibility (yellow) will be the one to likely take place. Currently the 1 HR RSI is showing a bullish divergence and the 1 and 4 HR MACD are showing potential for a short rally up to 8.5-8.6 K and test...

chekwon78

BTC should be moving up until next week. These are the 3 possible scenarios and dates that I foresee taking place depending on the strength of the bulls

chekwon78

Potential bear flag spotted on the 1 Hr. Targeting USD 8,165. In case this happens and BTC fails to get bounce above USD 8,270, it will likely continue to text the USD 7.8K

chekwon78

RSI on the 4 hour with bearish divergence. measured drop to 8K on the 13th after exiting fib circle