In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin.
I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out...
As shown, beautiful correction taken place as expected. Will create amazing buying opportunity once done. Will need to monitor and take action when necessary. Everything is getting beatdown at the moment.
Deep correction still occurring as shown. Would expect a turn around based on current levels. Keeping on watchlist based on current correction and fair market value.
Measured move on this name would have been much bigger than what it was showing last week. The weakness was palpable. I bought 125c but sold around 123.5 at the close on March 29. Now I know why...my instinct was telling me something was not right.
first reaction off of the any ATR resistance is pullback, so no surprise it got sold at that level. It's shame...
Today not just "The Sun Calendar" is all 22 BUT Lunar calendar day also 22) = - The Practice of Chinese Core Five Elements Concepts for picking up Cyclical stocks ? Showing here is Malaysia Plantation Index ( Mainly Palm Oil Plantation ) .. It seem like The Index showing "up trend" when entering "Water Element" months of Lunar Calendar? Why?! Water...
Hi everyone,
As millions of retail crypto and options speculators lose their savings, McDonalds Corporation is rubbing its hands with a hideos grin. "Ah, yes, millions of fresh employees, just what I need" .
In all seriousness, consumer discretionary sector as a whole was obviously contracting with the broad market. However, not quite at the same pace.
...
KOREA is one big factory with the full gamut of output, from ships to semis.
The index is a key barometer for global cyclical momentum.
Consolidation is complete
Technical Analysis
We have been in a strong uptrend (pink segment line) since November, which I have divided into 3 ranges.
We have tested the top of "Range 2" 3 times, and we are now breaking out. Either we continue into "Range 3", or we could potentially test the pink trend line once again (ghost feed representation)
Macro
Tomorrow jobs report could be...
If it surpasses the resistance at $13 and breaks out, it would have a clear path to $20. In the long run it still has room to climb. To be worth it, I recommend going with leverage. At the current price, a tight stop loss is relatively "safe" as I don't see it falling further.
NYSE:GE
So we have synchronized movements between long-term treasury yields (5, 10 and 30 years) and cyclicals (airlines, oil companies, carmakers, cruise lines, etc.) regardless of the fundamentals. If these yields are expected to continue increasing in response to a higher rate of inflation, a continuation of the trend in cyclicals would also be expected.
The peak of...
As long as .78 can hold as support OXT is only beginning a massive journey.
We could see brief dips below in coming days but bigger picture we would like to see a weekly Candle Body close above .78 USD.
That would be extremely bullish.
Price discovery can be a fantastic time for asset holders.
Real world usability and demand to pull OXT higher in cmc...
If any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area...
Technical Short-term Analysis
We have a new potential uptrend line drawn in the chart.
RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior).
OBV has a clear...
The more I make these posts, you will see how much I enjoy investing and swing trading Sector Select SPDR ETFs. Besides Financials (XLF) and Energy (XLE), the Consumer Discretionary (XLY) industries are great places to be situated in during a rebound in the economy. With interest rates projected to rise, many have come to believe that inflation has risen above...
With JNJ news, vaccine giving hope to investors, and another round of stimulus on the way, cyclical travel stocks like CCL should regain strength and continue forward. With good news, and the recent market sell-off due to bond yields, CCL and other value stocks saw a push. We're expecting this to continue, especially with the arise of a new cruise line from the...
