We can clearly see that bank of America has always been a leading indicator of a bear market since it starts falling before the S&P 500
I was granted access to the Hall and Co Trading 2.0 indicator. This is a weekly (W) indicator for bull periods that show buy areas , targets , and stop-losses . The BSO signal forms on a weekly candle, and when it closes it indicates a buy opportunity. However when used with the BTC daily (D) chart it seems to show where the peaks are, and interestingly where...
Same idea as in previous chart. This is zoomed in to show the main points of resistance. 2 areas of concern with rising wedge in these recent times and stretched RSI. Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by the previous peaks. The overall...
Germany the 4th largest economy is about to go into a recession, UK collapsing on the face of the Brexit, France government at the edge of destruction, Italy is bankrupt, Greece is bankrupt, China could very well be in a recession as we speak, Venezuela is in turmoil, Honduras, Guatemala, Argentina and many other south American countries are bankrupt. The USA now...
I have a lot of thoughts to express, so I apologize if this is rather long. Since my first DJI analysis and short setup, we have dropped a good 14%. There was a chance that we could rally higher, sort of like we did before the Great Depression, but we've broken the bullish structure. Until we see any movement above the 26000 area, we can assume we will be in a...
It is always a good idea to see the positive things within bad times. The gigantic bullish wedge, tipping to the capitulation area makes it 1) likely to happen to fall back to the mean but also 2) likely to happen to regain momentum for a long position, back to old heights within the next 18 months.
From Futures regarding global index's on Monday Morning at 1:59am have been deep in the red. volatility is at records high since the Great Recession. When Mondays floor of 2600 falls out under us, we'll shy with with 2550 and the world recession will be looming on mass media following a 11.5% drop to next support line at 2300.
The Dow does not tend to end its bull-runs with H&S on the monthly but with double-tops, followed by 20-50% retracements to the down-side - something that we see unfolding here (note the trendline and Fib-level support). Since the FUD is currently accelerating in a similar scale and manner that we had back in 2008, I assume a similar downfall of roundabout 40%,...
The trendline on the monthly has been broken after the massive H&S, finally confirming it. If the support at the black line is kept broken after the monthly closed, we will face the real free-fall, eventually going down to 9100 regions in short-term (talking about next 120 days). From there we have 2 options within the next couple of years: 1. Further downfall...
#bitcoin CAPITULATION ANGER DEPRESSION! cdn-images-1.medium.com
This is mostly for fun, but also an illustration of a worst case scenario. Saw this crazy fractal and thought....what if? I love the fact that this chart has so much price history. In all seriousness though, if the DJI fails to consolidate in this range and make a higher high soon, we can assume it will drop. We have a nice double top formation so far. Buying...
Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA...
The current Dow Jones overlaid with the Great Depression crash. This will not be a 2008 rerun, this will be lining up for 4hrs on the street for a bowl of soup next level shit. It will most likely usher in the end of debt base currency. The 19th of July 2021 will be a day for the history books.
This is a W1 chart of Microsoft. The purpose of this post is to follow major companies whose share price affect the general financial market in order to anticipate the depression/recession that is to come. This analysis is based on EWP in combination with fibonacci levels, and some reversal candle stick formation in the end. After the correction of 2008-2009,...
So, we may see that BTC on a weekly chart. CCI show downtrend first time after 2016. So it it looks like we in a long depression period. Look at chart and compare it with history. You will see same pattern like before
In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30). The emphasis here is in the nature of the struggle to avoid correction and the similarities in form . The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time...