Bubble
Bubble Explained Part 2Last week I blasted out my own take of what was happening in the Crypto Market. Specifically with a variation of this BTCUSD chart. I began to explain the bubble what caused it, and most importantly what this pop will look like. A delightful follower send me to look at the Wykcoff Method, which led me down a rabbit hole that really allowed me to zero-in on this charting.
Wykcoff is one of the pioneer fathers of technical analysis. I'd say it would be worth your time tk check out some people explaining how to works. I happened to discover this on my own, but the Wykcoff method explains this "above trend" maneuver that showed some serious deviations from my original chart.
Here we see that the combination wedge broke out earlier this week, which really devastate my original idea but, now with the new findings of Wykcoff and his method of analysis. We see that there is a definite confirmation of my original hypothesis.
We see a break out, which is the market attempting to turn around, and find a new price zone (comprised of micro supports and resistances). This trading zone is essentially the peak to peak of any consolidation, which eventually meets a decision of continuation or denial. We saw a large denial.
The first denial happened after the first peak, which tapered off quite elegantly. But the second top, blew the price to pieces. Elon Musk saw this and tweeted about it moments after the technicals made that pivotal turn. (Remember Elon is a genius, and also a business man. He is also trying to move the process faster by making tweets that will eventually bring our prices back up to very delightful levels. He also can't give you trading advice ever. He tweets after technical points, because its proven to shorten consolidation periods.)
In the Wykcoff Method, the second drop is the most important, it verifies the actual consensus from buyers, because we can't assume trends until something happens twice (double top/bottom)
Lastly we went for a second retest, that arguably was the nail in the coffin that showed investors just how strong the bears are. Longs didn't make it near their original double-top levels and only made a small impression on 1D charts.
SwayzePunkz is short on the entirety of CIX as unfortunately for now, there isn't much deviation from BTC and CIX. These price levels will return, but we need to hit the bottom before we think about that. We are placing price targets for End-Of-Week at 28k, and 1week price targets at 21k. Lows could bounce off as low a 18k before we get back into a bull market.
Thank you, as always trade with your charts, not your emotions. Keep it real and let me know what you think!!
BTC BUBBLE EXPLAINED.Swayzepunkz is short on BTC/USD
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This is what a bubble looks like. It started at the beginning of COVID and took off again in the $GME frenzy. Many players made this huge. However, bubbles pop, and people suffer. I believe this to be true with Crypto 110%.
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As you can see, the bubble began the pop, about 49 days ago, and dropped a whopping 50%.
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I know you’re all very excited about the money in crypto, but consider this bubble in your own due diligence as it’s a possibility.
The lines you see are supports being hit after a massive drop. Roughly 36000 is where this symmetrical triangle ends which is in about 3 days.
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This is a consolidation triangle which happens after large price movements and hits a level of general confidence. But we just need to look at the chart to know if this will recover.
AND SWAYZEPUNKZ doesn’t think it will.
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The next support is at 18,000, and a CONTINUATION wedge will do exactly that, as far as we are concerned. Always consider zooming out, as the macro scales will always determine the micro scales.
Please comment below if you have questions.
@cryptopatel
Post 'Bubble' Price Action AMC Entertainment Holdings, Inc.$AMC has soared to new highs on the reopening of the economy around the world and the resuming of normal gatherings. Increased sentiment that movie go'ers will return with record spending in 2020/2021 has caused the price to increase several fold. We have identified this as a 'price bubble' for the fact that tent pole movies have not yet been released, and AMC has not yet released positive earnings. When the realistic side of the market hits, the price of $AMC will break and return back to support around $10-$15 before rebounding back to the $25-$30 some time next year.
Do not try to compare this time with previous corrections..!I believe the final stage of the Cryptocurrency Bubble is here..!
You do not think so ???
It has all the criteria..!
For further reading use the link below:
Five stages of Bubble:
www.investopedia.com
"You mean it was a bubble?", "Always has been" $TSLA $CSCOWhat else is there to say? This will be looked back on as the epitome of the 2020 stock market bubble akin to Cisco back in the dot com era. A sign of our times.
This chart is a thing of beauty, but unfortunately the music has come to a stop.
I don't suppose Elon becoming the richest man in the world, changing his name to "the Technoking" and shilling Doge on SNL is a top signal, right? "But money printer go brrr"... Well I guess that means everything will go up forever. Hopefully their claimed losses from their bitcoin investment will be able to offset the lack of income.
The chart speaks for itself. Tesla promises the future but isn't there yet. Sound familiar? Keep in mind NASDAQ:CSCO has never reclaimed the 1999 bubble top AND they ended up delivering as a top player in the industry. Tesla may be able to justify $900 stock price again some day but I wouldn't plan to see that money anytime soon.
ngmi
SC Santander Consumer [SHORT]SC Santander Consumer . RSI & CCI reversing at double top. Price at multi-year hi w/decreasing vol.
Catalyst: $66 billion, or 5% of outstanding #autoloans are over 90 days delinquent (up $57B prev yr, & $35B prev decade).
What is the best hedge against stock market during Crash?In this chart you see TVC:SPX to TVC:GOLD ratio.
It is crystal clear during the stock market bubble burst, Gold is the best place to store the value!
In the past 2 Bubbles, the market corrected between 50-57%:
According to the Warren Buffet indicator, this bubble is even bigger than the previous ones!
on the other hand in the last 7 weeks we see a bullish trend in gold with a +11% gain and today it breaks above its bearish trend after 9 months.
I think this presentation provides enough information to make a good decision..!
how you handle it, depends on your art and technique of investment..!
Market Comparison : CRYPTOs vs INTERNET adoptionHope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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Kindly,
Phil
SPXL - End of the Bubble!After a long positive run full of speculation and non-ending green days, the time has come for stocks to go back to their real values.
TESLA in 2020 vs APPLE in 2000, what if..I tried to compare the 2020 Telsa bull run vs apple during the dot com crisis
what if we are in an EV bubble that is comparable to the dot bubble?
could we predict how it will go this time?
as we saw in 2000, the internet was intended to become a great thing, but not yet.
what if the EV is intended to become a great thing, but not today? maybe in 20 years from now?
I suggest you look for other stocks related to EV, green energy, and all the trendis right now, and by comparing those with the FAANG in the dot com bubble.
SP500 Forecast for MAYCrash is just around the corner in my opinion. I am loading up on shorts and will add to the position as we start to drop.
Short bias Ninja's! :)
90 % crash coming soonI'm not going into details, but this is my final warning. Why do I think it will go so low? Because when you zoom out and see the weekly chart it's just one straight line. Pullbacks are only seen on lower time frames. It will break 200 weekly MA because it never did n history and this will be a final collapse of crypto where only the strongest coins will survive. Very similar to Dot com bubble in 2000. I'm expecting comments like: "what a moron", "shit TA" and another 10k replies from Tadouh telling me how much of a shit trader I am. Who is Tadouh? Just another guy from tradingview who missed buying the bottom and is now spreading negativity on anyone who is currently bearish.
Shorting the ETH if it go below up trend lineThis have been a bullish week, and ETH ATH is in the making again and again. It is approaching 3000USD too.
My idea is actually come from the GPU price and it is currently extremely out of stock in the part of the Asia (Singapore and the rest).
Which totally like 2017, when everyone tryin to set up their mining with GPU and with newest Nvidia product.
Hence, the crash could come soon.
If I am right, just as it crash downward crossing the up trendline to confirm the crash, we can easily catch the support in the last uptrend line as in the chart.
Cheers, happy trading.
Comparing Tesla to Nasdaq 2000 Bubble TopTesla is a good short here between 730 - 780..... It is acting exactly like the Nasdaq 2000 Bubble Top
RED HOT! When is the housing market going to crash?I didn't say that this post is 'red hot'. And I don't know if or when the housing market is going to crash. The captioned question in a popular search engine rose 2,450% in the past month! That must be super red hot! What's the RSI on that? 😄😂 Expand the chart by pressing the + icon, for a clearer view.
There is extreme chatter in the blogosphere about housing bubbles and crashes. Some want to understand why all the interest in that. After all if something doesn't make sense what's the point of paying any further interest. Oh - except if it's US Equities and Bitcoin - right? I get it - some see sense in Bitcoin and Stock indices going north so they're ploughing their money into those two. The 'sense' is ' The FED has my back.. I'll hedge against a crashing US Dollar! '. That's all people know - I'm often told. Has the FED got your back on the price of your house? I don't think so. But I could be wrong. I'm actually wrong about 60% of the time. And nothing here is advice, anyway. So nothing I say seeks your belief.
Ahhh.. so what's that crazy spike in searches on the question? Could some be worried? Oh yes the 'some' are probably those who made a killing; now looking for signs of a true peak, to dump on those looking to buy into a superheated market. They're in the search engines checking out carefully for news and early signs of a reversal. Some are nervously watching for potential rises in interest rates and hyper-inflation. Those sort of folk probably know little about technical and fundamental analysis.
Is there a peak as yet in the housing market? Nobody can know because there is no dip and no double top at the leading edge, to define the peak (as yet). That means it can still go far more north - to dah Moon, for example. 😉🤐
So for those who need to understand what's going on with house prices, I speculate the following:
1. The parabolic end of the curve up suggests to me this is a stampede of competitiveness among many who think that all bearish sentiment in the economy has been crushed. These are not the likely to be a large proportion of the people searching madly the captioned question.
2. People with cheap credit have jumped on a bandwagon, thinking perhaps " A new dawn is ahead..we've beaten the virus. We have vaccines. Time to git going! Things can only get better. " You know the song?
3. Some believe that the rise in equities plus virtually unlimited monetary and fiscal stimulus means ' They've saved the economy. '
4. Housing property prices took a leap because there was more demand for homes in the pandemic period. But that's not the only reason. Anyway the initial pump got the bull market going. Then came the stampede with some false peaks as jitters set in for shorter periods. I'm not a housing sector analyst.
Now compare what happened in the CONSTRUCTION, PROPERTY & REAL ESTATE INDEX (chart below). Hmmm.. construction? Yeah.. that's nothing to do with housing - right? Think harder. Sound traders and investors know that the best moves they can make in any market involves 90% of their time spent thinking!
Is the housing market in the US a bubble? You and I won't know until after the sound of a POP!
If you have other ideas, do share. Let's get that discussion going.
Disclaimers : This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
TSLA - THE TOP IS IN? | CORRECTION OVER? CRASH PENDING?An update on my previous TSLA forecast (linked below).
Price hit the 61.8% fibonacci as expected and retraced upwards, again as expected.
It has now hit serious resistance and formed an A-B-C correction pattern.
The way the chart is setup with price action, stochastic and RSI, there is valid reason to believe we have just corrected after selling off deeply in the past few weeks
I expect a downwards continuation to break down further past $550 and towards the $400-$500 range
The EV bubble may still have further room to drop before resuming it's takeover
