The fractal pattern on the charts is nearly identical, and after the crash we saw today in the crypto markets, this could be a precursor of what's about to happen in the Equities, and Futures Markets. I would be very cautious right now! I'm completely out of the market, with the exception of long-term crypto holdings. Good luck, and run a tight stop-loss!
Real estate has made China rich in recent years and decades. Now it looks more like radioactive kryptonite from the DC Comics universe - the birthplace of Superman. Three months earlier, China's house prices fell 0.4% in a month, according to official statistics released in November 2023, the steepest drop since February 2015, according to Bloomberg data . It...
In my previous post on AMEX:SPY , I presented the argument for a potential 30-35% market crash in 2024, following new all-time highs. This updated chart incorporates worst-case scenarios and draws parallels with the DOT Com bear market of 2000-2003. > Utilizing the year 2000 as an analogy for comparing market cycles. This provides valuable insights into...
AMEX:SPY CBOE:SPX The next 12 months ---------------------------------- It's looking like this rally is set to pullback before one final push higher to the 480 area to create a Double Top That's 5% higher from current levels plus whatever pullback we get now Then a CRASH📉 of at least 35% even more for the #NASDAQ SPY could go higher than 480 but I'm not...
VIX is pointing towards another spike in volatility as a probably scenario. This would or could cause a major sell-off in Indices and Stocks, on a global scale.
I am sharing a critical analysis regarding the potential future of Bitcoin (BTC) based on the Ichimoku Cloud 2021 pattern. While it is essential to approach such predictions with caution, I believe it is crucial to consider the indicators and make informed decisions. According to the Ichimoku Cloud 2021 pattern, BTC's current trajectory raises concerns about a...
2020-21 felt a lot like 99-00 1. Inflated valuations 2. Record high IPOs 3. Retail participation Do we see the same cycle again?
BTC is showing signals that the B-wave of its corrective phase has completed and it will be starting its C-wave to complete the structure. The C wave will take it to new lows in 2024, this idea projects the first leg down to kick off the C-wave. Initial target 17793 by 10/10/2023 The breakdown level was 27791, so as long as it stays below that I am expecting...
Three Major events are taking place this week. The Charts are signaling that tomorrow is a dangerous day.... Watch and see what the charts are saying today.
Hard to believe my long term almost 2 yrs longstanding target has been hit (15429) and price has retuned below and the Harmonic has formed as the crown. Wow, here we are. You can short this to an oblivion now. I do not care what you do, play options, futures, anything.. Short it here.
I have broken it into 2 parts. Part 1 – we can associate it with the sequence then. Part 2 – we can take reference as the situation unfolds. Part 1 - 1929 sequence that seems familiar today: a) Crisis triggered by several factors b) Stocks rose rapidly c) Chain reaction of events d) Bank had invested heavily e) Bank failed Part 2 - As it continued in...
The story of 1929 - The Great Depression was a severe worldwide economic depression that lasted from 1929 to the late 1930s. There were several factors that contributed to the trigger of the Great Depression, but the key trigger is often attributed to the stock market crash of 1929. In the 1920s, there was a period of economic growth and prosperity in the United...
The chat posted is that of bitcoin . since the low which I had called for the alt low of 15600 .I stated that a rally back to 28600/31600 was due . Well have seen that and into a group of golden ratio time cycles as well as SPIRALS I AM NOW LOOKING FOR NEW LOWS .From this point on I see a break into 14600 area be OUT of any asset in crypto Best trades WAVETIMER
For the answer, scroll down to the comment section. Two charts of $IWM weekly TF. One chart is current (as of 2/4/2023). The other is 2008 ,up to 4 candles before the 50% drop. Which one crashed 50%? The conundrum: why do we assess current price action as bullish, when a similar pattern resulted in the GFC in 2008? There are many possible answers, none of...
Hello, what you can say about Adani's bubble blast ?, is it a opportunity to reinvest at discounted price ? OR plan swing on pullback? Or go for another stock ? Let's discuss in comment section
Interesting chart here on the DXY daily we can see the sharp pull back to strong support line so that’s one more clue that things are about to get uglier in the crypto space. This past week‘s events have cast the block shadow on the entire industry and likely will put increased pressure on institutions and big investors to further limit exposure. In the life...
We are currently seeing a pattern which happened in the 1929 and 1987 crashes. The idea is based on the correlation between stock patterns with Jewish holidays. Both times in 1929 and 1987 we saw a local bottom at the Rosh Hashanah holiday. The local bottom caused a bounce towards the Yom Kippur holiday, forming a local top. Following Yom Kippur the stock...
Stock market has still stayed in a bearish market structure. Observing multiple bull rallies throughout since February/March 2022. And bull rallies will continue so long as market sentiment continues to expect a more negative month/quarter than it actually is, although still in a decline versus previous month/quarter. We can tell bearish market sentiment from the...