Bullish an bearish caseThose are two possible scenarios by using Elliot Waves
Make your own analysis and compare with this and other ideas to make a decision.
This is not financial advice.
Success for every one
Cases
COVID IN THE USA: REALITY IS A HARSH PLACETradingview has some amazing data on COVID. This chart is of importance for long term investment purposes (see fat disclaimer below).
Importantly this is about total of all cases infections and deaths. Some may say that's meaningless. But there are important features on the chart.
Say what you see! I'll say what I see.
If the war on COVID was being won, one would expect to see at least clear plateaus. That makes sense because it means there is no massive set of new cases to increase the total. I hope folk get the point.
Watch the red arrows.
1. On death total - it's accelerating. Certainly no plateau.
2. On case total - it's accelerating. No plateau.
Of course this does not mean that the numbers won't plateau. The point is that the trajectories and the power of the numbers means they're not winning the war.
A plateau would probably have been expected in the post-vaccination era. Some say, the plateau is coming soon. How would they know. Do they know the future better than everybody else?
All I know is what I see: There are no plateaus.
Do we stay with evidence or do we believe rhetoric repeated in lamestream media? Well, the choice is yours.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions 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 have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. 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.
MONTHLY VIEW ON NIFTYNifty is expected to remain sideways for a year it is buy on dips sell on rise market
1,173,975 CONFIRMED FR COVID19 cases by 19th November 20201,173,975 CONFIRMED FR COVID19 cases by 19th November 2020 before going up faster.
The bearish cases for bitcoin-which support most likely to hold?Let's try to consider the more bearish case where the 7.5k-8.2k zone is eventually broken and BTC goes down to test lower previous support zones, which support area do you think is most likely to hold as the real bottom?
I really don't feel sure about what zone is most likely to hold, but f I had to gamble I would probably put most of my money on the 6k zone, the 5.5k zone and the 3.5k zone.
Which zone most likely to be the bottom?
what chance do you think BTC has of breaking the previous 3k low?
Cast your votes in the comments down below!
(srsly do it i'm interested)
