Putrid_Shittgenstein

Putrid_Shittgenstein

After a good run up, Bitcoin is presently printing a hanging man on the weekly which signifies that bulls are booking some profits. The price should temporarily retreat to 32k over the next two weeks, and consolidate above 30k before attacking 43k. Followed by a dump to 20k. I'm short with low leverage - target is 34k.

Putrid_Shittgenstein

First we tag 2,200 - we may get a fake out to 2,400. Then we suffer a five wave flash crash to 800 starting in September. Most indexes lose 60%, though gold may only lose 33%. QE5 by December, and then a huge pump through all of 2024 and 2025.

Putrid_Shittgenstein

We'll see wave 5 tag 33k in the next ten days. That'll probably be the top in most indexes for 2023 - and heavy selling should begin in September.

Putrid_Shittgenstein Updated 

There are three key characteristics of a falling wedge pattern: The price action temporarily trades in a downtrend (the lower highs and lower lows); There are two trend lines (the upper and lower) that are converging; There is a decrease in volume as the channel progresses. Volume presently isn't there to break out of this descending wedge - a test of the lower...

Putrid_Shittgenstein

Burger is putting in a double bottom and if BTC remains bullish it should squeeze up to 1$ in the coming weeks. This is a great risk-reward bet, and there's no leverage in use.

Putrid_Shittgenstein

After a heavy sell off the bulls were able to hold the line - this will force the bears to close their shorts and Alice should squeeze to 1.05 in the coming day or two. Given that this instrument is very volatile, I'm only using 5x leverage with a modest bet size. There's no stop loss.

Putrid_Shittgenstein

Had to close my shorts yesterday morning - never wrong to book profits - and it looks like a lot of whales had to follow my example. We can now expect more short squeezes all the way to a blow off top - this is in similitude to equites where short squeezes are attacking the bears. I wouldn't be surprised if BTC tags 35k. We should have a bullish late-June...

Putrid_Shittgenstein

OK - one of the coolest chart patterns is on the cards here, with a small loss and big return potential of 10% on the cards. Stop loss should be above the candle - and the target is 10% away. Happy Trading. Putrid

Putrid_Shittgenstein

With the covid stimulus all gone and with everyone broke : the DOW should find support at 11,000. I know that this is an extreme scenario, but these are extreme times. What can cause the DOW to hit 11k? My bet is that the crisis starts next week and we have a month with no debt-ceiling agreement. Indexes start cracking and then collapse and keep collapsing...

Putrid_Shittgenstein

On the weekly timeframe, we can see a sequence of lower highs and lower lows. This is a firmly bearish trading environment - so dumping can easily be justified. We recently saw a lower low at 15,400 and lower high at 31,000 - I expect the low to be broken and the final bottom to be the 1.618 fib extension at the 6,000$ area. You may think such a number is...

Putrid_Shittgenstein

Silver is always difficult to chart - so this time I've used the fib extension 1.618 to get my target. We've had several lower highs and now a lower low, so the sentiment is ready for a dramatic collapse to retest the low at 11 NYSE:S I'll be furiously stacking the physical below the 13$ mark.

Putrid_Shittgenstein

Gold to suffer catastrophic collapse - perhaps as low as 1,200$s. Gold has put in a triple top which is very bearish alongside a lower low, so we should see a catastrophic sell off as liquidity evaporates this week. I'll be stacking the physical below 1,400$.

Putrid_Shittgenstein

S&P is to experience a flash crash to 2000 area over the next three weeks - beginning today. We've witnessed a sequence of lower highs on the weekly timeframe (creating a pessimistic feeling) and now we're in a bearish ascending triangle. Once we break down out of that triangle we'll witness mega dumps by the bag holders i.e. pension funds etc. It'll be fast...

Putrid_Shittgenstein Updated 

ZRX has formed a falling wedge, within a broader bearish environment. I'll await a breakout before entry, and this would be a trend reversal if it occurs.

Putrid_Shittgenstein

Link should begin a wave 3 this weekend with 8.562$s as first target.

Putrid_Shittgenstein

Burger has retraced around 97% from a high of nearly 30$s. A rounding bottom would indicate a move back to 3$s is on the cards for this Binance baby. We're noting increasing buy volume and a lack of sellers at this price level, so a return to the 3$ range is likely.

Putrid_Shittgenstein

Bearish ascending wedge just broke.... finally! :)

Putrid_Shittgenstein Updated 

I've gone long. Small bet.