- Selloff to start the trading day - Potential reversal forming around $13.25 with wicks below - Low trading volume = Only $508k and counting
We are going to the moon! Good things come to those who wait!
Initial target low 390s following earnings Pullback to upper 370s after to test support Then on to 400s
So many shorts were forced out of the game yesterday and people are in a rush to short again because of the action, but selling is weak. Therefore, we should go long until the structure plays out or is violated. I went long yesterday as selling looked weak near 840 but I still think buying here should be a consideration. I'll consider under the 870 area a...
This is not entirely about a trade, moreso a thought experiment of the future to come. After the great 2020 coof liquidity crisis a brief and severe expansion of the monetary supply occurred in order to bail out the entire economy. This seems to be followed by an equivalent expansion rate mirrored by the 1971 expansion. The marked difference this time is that the...
Tesla looks like it's forming an end-of-distribution pattern while Microsoft and Apple have already began to make a small move down. But Tesla was the most volatile during this time. Wouldn't that mean it could form an ascending triangle and breakout? Yes, but this is the unlikely scenario, unless there are bullish fundamentals like an inflation increase, and...
Pareto's law says that roughly the top 20% of the market constituents should roughly represent 80% roughly of the overall market cap, and vice versa: the bottom 80% of constituents will represent 20% of the overall market cap. When price seems irrational, and higher cap stocks start to represent more of the market than previous decades, and thus are given a...
I believe ETH can do something like this in next few months. No financial advice.
I am thinking about something like this again.
It's always similar to someone falling from the 25th floor. Everything is fine for 24 floors. Ignored. You can hear flies, then noobs all get excited and push each other to bet he will die after he hit the ground. Actually not even, they hesitate, they are afraid, they want to be real sure, so they wait till he is declared dead at the hospital and rush to bet he...
Either it will melt-up and follow the trend line in the short-term or it will drop around 30% or more to $112 where the 200 HMA will be support. There is risk of it trending downward to $125, $112, or $107 support lines if it closes below the black support line next week.
Falling from hourly channel, simultaneously invalidating the breakout of the daily-defined falling wedge. 1st support at 90.4, further selloff toward 89. Below 89 is Timbrrrr line. Bullish for metals, commodities and the wider market. Could be some surprises along the way. I originally expected this breakout to be further to the upside
Update to the original post. Price pushed up more impulsively for the first wave than originally expected, so the pullback down to 1817 should be sufficient to generate fuel for the next push up. Today's intraday fed-induced short-covering seems like a spark for another push.
YOU ALREADY KNOW WHAT THE FUCK TOMORROW AND WEDNESDAY IS. SPY POOOOOOOOOOOOOOOOOTSS GO BRRRRRRRRRRRRR OR SPY CAAAAAAALLLLLLLSSSS GO BRRRRRRRRRRRRRRRR. EITHER WAY YOU HAVE TO BE FUCKING READY, CHECK OUT MY LEVELS THEY GO BRRRRRR.
Manipulation or not, I expect this Bull Flag pattern to play out through year end. I think we could see huge one day gains that draw liquidity into the market right before topping out. Eventually, the market has to drop since we have no GDP. Maybe some time around year end we should see the bearish weakness and huge downside potential.
So ya'll might see a pattern of me posting silver ideas for a while, and that's because I have dropped indexes and stocks for while due to my account size and the stupidity of retail traders driving stocks way too high and selling too quickly. But one thing they won't do is commodities because they probably don't even know what that means. So, my only option for...
This is a firm technical analysis and what I am sure silver will do tomorrow. I am confident in this chart, and will be playing silver tomorrow. Very bullish.