UnknownUnicorn2339202

UnknownUnicorn2339202

After the overnight flash crash of February 20th, the market has become extremely choppy. In the post day of the crash, we have moved mostly between ~9,500 and ~9,700 when at the same time, the trading volume has stagnated. Nevertheless, I believe BTCUSD is still bullish and these are all pre-indications for the next upward move... After bottoming in December...

UnknownUnicorn2339202

BTC has lost about 37% of its value in the past 30 days. It all started by hitting the upper boundary of the bearish channel, forming a descending triangle, and a bearish breakout of the pattern thereafter. I was lucky to call the move and made some reasonable profit from it. If curious, click here to view the full analysis of that trade. Meanwhile, I think the...

UnknownUnicorn2339202 Updated 

BTC has been trending down for about 4 months and this is when everyone speculated that BTC would worth 60,000 - 80,000 by the end of 2020. I honestly do NOT see any sing for this in the moment and I hope to be wrong BIG times (because I'd like Bitcoin to interrupt the financial system for a better cause). After hitting ~14,000 in June, the market has pushed down...

UnknownUnicorn2339202 Updated 

TWRT has been through some dark days; the stock has lost more than 35% of its value in less than 2 months, but as the saying goes, the dawn comes right after the darkest hour of the night... By the end of 2018, TWTR tested the swing lows and started a new bullish trend after forming a double down pattern (not shown on the graph). As the trend continued and the...

UnknownUnicorn2339202 Updated 

The relations between XAUUSD and the stock market is almost reciprocal; When one is going up, the other is going down. Due to terrible global geopolitics and economics, the stock market has not moved since the beginning of 2018 (just 3.10% up). Meanwhile, XAUUSD has rallied from ~1,300 to ~1,500, a 15% increase, but I think that is about to change... Just...

UnknownUnicorn2339202 Updated 

As the trade war is maturing between the two giants, the U.S. and China, the real effect is starting to kick in. After postponing this week's meeting and not announcing a particular date for further negotiations, Chinese companies seem to be hopeless in the U.S. market... BABA was badly hit back in May. In fact, May was the month in which BABA said a goodbye to...

UnknownUnicorn2339202

Nowadays, everyone anywhere is talking about a recession. From the so-called professionals all the way to old ladies in Walmart are talking about how and when the next recession would come. I think the cause of the next recession will not be the same as the previous ones nevermind the fact that recessions, by nature, are sudden, unanticipated, and unpredictable. A...

UnknownUnicorn2339202 Updated 

Very unexpectedly, Chinese officials canceled their upcoming meeting with the White House today. And as suddenly as the news came out, the market left the green territory and soon became red, moving VIX by +9.04%. Since about 19% of Nike's sales take place in the Chinese market, the news impacted the stock negatively. Besides the news, the chart also signifies...

UnknownUnicorn2339202 Updated 

I shorted AXP back in July; Had it for several days and made decent profit (never mind the fact that the trade could yield much more if I had not closed it too soon). In any case, I think the short cycle is about to end and the price is about to start climbing like the old days. After scratching its legs and reaching all-time high in July, the price has moved...

UnknownUnicorn2339202 Updated 

After reaching the 14,000 level in June, the momentum of the market has been constantly decreasing. This suggest two possible scenarios. First, another phase of accumulation, probably by the institutional traders, is being played out in the market. Since June, the price has retraced to the ~10,000 level multiple times and has spiked shortly after. Nonetheless,...

UnknownUnicorn2339202

Even though it was one of the best IPO's of 2017, I think the upward momentum is weakening for ROKU and this might reverse the direction of the stock in short-term. The price is currently in the upper half of its recent channel, established back in May 2019. On June 12th, the price attempted to raise towards the upper boundary of the channel, but it failed after...

UnknownUnicorn2339202 Updated 

KO is being traded ~51.30 and I think it's gone ahead of itself; bears are about to fix that... First and foremost, the price has moved beyond its territory; KO has a very established bullish channel since 2012. On June 7th, KO closed the day while being above its channel and it did remain there for a couple of days. Shortly after, we moved into the channel on...

UnknownUnicorn2339202

Looking back into the price action of BTC, I was able to find a handful of Head & Shoulders chart patterns. Many of these appeared after a level of the Fibonacci channel was challenged and more interestingly, the patterns did not fully do their job, totally reversing the trend. On this chart, we have a Fibonacci channel going back to August 2015. After the...

UnknownUnicorn2339202 Updated 

737 MAX has caused so much damage to BA already and just today, we had another problematic news. Potential Faulty Wing for 737 MAX is the issue for now and as the title says, I think it is just "potential" and there is nothing to worry about, at least yet. Since the software problem, BA has lost ~25.00% of its value. Meantime, the bearish momentum seems to be...

UnknownUnicorn2339202 Updated 

59.59 was the happy ending for INTC back in mid-April. As the tensions escalated with China, INTC (and the entire semiconductor industry) suffered a lot. This caused INTC to lose ~25% of its value, but it seems to be ending in a bit or maybe not so much... There we have a support area at ~44.00. Back in September 2018, this level stopped the downward trend and...

UnknownUnicorn2339202 Updated 

Well, it did not get ugly and I was wrong (If you don't know what I am talking about, check out Related Ideas); the formation was not a Complex Head and Shoulders. After the price touched the bullish trendline (point A), bulls came back into the market. The bullish momentum increased thereafter and in a few days, the price jumped to the ~29.00 resistance level....

UnknownUnicorn2339202 Updated 

After we had the spectacular upward moves to ~8,300.00, BTCUSD seems to be out fuel. Every time the price attempted to rise above this level, it failed. As a result, it's formed a Triple Tops pattern. A declining volume after the formation of the first top is another characteristic that suggests Triple Tops for the formation. For this chart, the breakout occurs if...

UnknownUnicorn2339202 Updated 

I have been waiting for the cryptomarket to have another jump, at least another 5% - 10% increase, but I think it just cannot make it. BTCUSD is forming a Rising Wedge pattern. This pattern usually breaks from the bottom and I think this is actually the case for BTCUSD because of two main reasons. Reason one is a potential partial raise; After the pattern's...