One of my followers asked, "how about now?"
The question comes because he is bullish and I am sharing bearish charts.
Here is the thing, the chart is still bearish of course because of the red candles and the double-top. This can't change unless the last high is broken with significant rising volume.
I'll make it easy. This stock is likely to continue bearish until after the Federal Reserve cuts interest rates. When they lower the stuff, they do their magic their numbers then the market will turn bullish. So bearish before, bullish after. And this is a classic dynamic.
The market goes through a retrace or correction preceding a major bullish development. Since the bullish development will definitely push prices up, the market must express its bearish tendencies before the event shows up.
So bearish now. When the Fed announces that they are reducing interest rates later this month, then 100% bullish I agree of course.
Thanks a lot for your continued support.
This same analysis applies to Bitcoin and all related markets.
The altcoins though are a different thing because these are smaller and already trading at bottom prices. They will recover sooner and will start moving ahead of the pack revealing what is coming to the bigger ones.
All is good.
Thank you for reading.
Namaste.
The question comes because he is bullish and I am sharing bearish charts.
Here is the thing, the chart is still bearish of course because of the red candles and the double-top. This can't change unless the last high is broken with significant rising volume.
I'll make it easy. This stock is likely to continue bearish until after the Federal Reserve cuts interest rates. When they lower the stuff, they do their magic their numbers then the market will turn bullish. So bearish before, bullish after. And this is a classic dynamic.
The market goes through a retrace or correction preceding a major bullish development. Since the bullish development will definitely push prices up, the market must express its bearish tendencies before the event shows up.
So bearish now. When the Fed announces that they are reducing interest rates later this month, then 100% bullish I agree of course.
Thanks a lot for your continued support.
This same analysis applies to Bitcoin and all related markets.
The altcoins though are a different thing because these are smaller and already trading at bottom prices. They will recover sooner and will start moving ahead of the pack revealing what is coming to the bigger ones.
All is good.
Thank you for reading.
Namaste.
Trade active
Six days red now and the bearish bias since to be gaining steam. It is intensifying, you guys agree?I mean, it is pretty obvious:
Note
Powell saying the Fed is made to take pressure means that he is under a lot of pressure.He keeps saying that he needs to look at the data but only 8 months ago the data was all about inflation and jobs. The data is good now but the data is no more inflation and jobs, the data is now tariffs. It is all politically motivated. He is team Biden so he just wants to damage Trumps chances for success while negotiating against other countries. He just want to hurt Trump and the American people.
Reducing interest is a no-brainer, it is the best possible for the people and the economy after years and years of struggle, pain, corruption and inflation. We need access to the light. We need easy money.
Namaste.
Note
It is confirmed, bearish momentum is building up and we already have a very significant correction.Let me know what you think in the comments section.
Namaste.
Trade closed: target reached
Super strong crash confirmed. With this level of momentum, we can expect the bearish move to end soon.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.