Let's start with the broader picture first I understand the market looks horrific at press time, but the first thing that you must know about markets is this, nothing every goes in one direction forever, no matter how bad it seems. For context here are the three major US stock crashes. 2008 Crash 2000 Tech wreck 1929 Great Depression The...
1929 - Crash 2000 - Crash 2008 -Crash 2020 - Crash Which of the prior three major crashes most closely resemble the 2020 crash? Certainly, not the 2000 crash, the initial drop is of equal magnitude, however the 2000 crash took over 365 days to reach that low from the highs, the 2020 crash has plumbed lower than 30% in just over 30 days. Similar...
Bank Nifty to go down At least 2000 points from her...
This is a a very interesting chart today, on the left we have the SPX as of present time (monthly), in the middle we have the SPX/ GOLD ratio (monthly) and on the right we have the SPX chart during the period of the tech wreck (monthly) from 1996-2001. SPX: Then and Now Firstly i want to draw your attention to the previously stated rising support and...
stop @ 1611 traget @ 1498
There are too many people expecting a crash nowadays, because there are some indicators showing a similarity to the 2000 and 2008 stock market crashes. I am convinced however, that if too many people expect something, it will not happen. Quite the contrary will happen. I am not a stockmarket shill, I don't even own any stocks. I started learning TA when I...
A complete 5 wave impluse is complete. Both corrections retracing exactly 50%, and a 61.8% retracement off the 5th wave high.
Blue lines are the average of BTC's most boring days. We stayed at 6400 for 2 months before it dumped to 3140, so let's say an estimate of 50 % drop. Now the story looks very similar, from 24th November till now we've been hanging around 3680, few dollars up and down which is caused by bots trading. So I can think of only one outcome. Another 50 % drop which will...
Resistance 1391.2 Target 1378.8
This number is just not a random number, there are many indicators that are leading us to this number. 1/ In the previous bear market. Bitcoin's price retraced precisely to the 0.887 level (88% retracement) from the previous all the time. If in the current bear market, if Bitcoin also retraces to 0.887 level, it'll lead the price to the 2400$ area. 2/ In the...
The Traders Dynamic Index when used properly works like a Godsend. Basing myself uniquely on patterns found in it for different time frames on Bitcoin... I find myself in the obligation of saying what will surely happen, now that I have an in-depth look into the future, have to announce... Bitcoin will see resistance between $11,000 - $13,000, or basically...
This is just a healthy correction similar to those we have seen multiple times in BTC's history. I will be setting buy orders at 2500-3100. If you want to cast a wider net you can expand your range to upper limit of 3450 and lower limit to 2000. I believe that after we reach these levels, bitcoin will consolidate sideways for a while and then moon to new all...
I think BTC will try yo test the global sell zone 4000-4400$, where all the latecomers (who bought around 4500) will try to sell their BTC with minimal loses. Also I am waiting for a great correction to 2000$ (i think we will heard new bad news about some problems inside the BTC community on the eve of Segwit2).
BITCOIN: BTCUSD Bitcoin has found some support - could be the start, but still early to know for sure...but best showing for a while now
Seeing technical and fundamental reasons to take a position here... Double bottoming at $10. www.theverge.com Nevertheless do keep a lookout for Russell 2000 to manage your positions accordingly if risk off
Thank you to John Mann for the MA Ribbon This setup allows you to enter the trends early but safely. I use this for a day chart but also sometimes an hour chart. I believe it can be used for any chart but is best used for longer charts. I use a weighted ADX with a length of 8 to determine if the market is trending. I only enter a trade if the ADX is above...