coin short more info$COIN has been stuck in a downward channel since 08/08/22. Thanks to its obvious symbiotic relationship with $BTC it is sitting at the top of this channel. Thank you jim crammer for that pump. Yet with the recent doubled top forming around this resistance of 57.33; then adding the selling pressure from the CEOs recents sales. As well as Surojit's separation, which includes a lumbsum payout as well as shares. Its time for a retest of the middle of this trend before we can see any more of a rally. With $BTC consolidating around 23k its my belief $COIN will take this time to come down for its back test. Call me a clown, but I put money on it.
Clownworld
The start of a long train of woes for housingThis one will be super simple, not much to be stated here.
With big corp and foreign investments going into housing not just in the states but globally, we are seeing some really crazy stuff in housing.
This chart looks at new one family houses sold vs new housing permits and privately owned housing units total. In my honest opinion housing is, like everything, in a bubble and worse off it's reflecting the fomo that was in the markets prior to the downturn. Sadly I dont see an end to this housing insanity, not until a new economy rears it's head. This is only adding to the bond issues.
Bonds dont like the clown showThe selling in bonds continues as inflation continues on. Wings in my area are almost $10/lb, highest i have seen this in my life (only 28 tho). Most of the time I check to see if there is any short term bond buying, this time however, short term bonds are selling too. It would seem that investors are spooked, Investors really have no where to run at this point. Crypto winter is here, Stocks did great today but those gains are no longer viable with a hawkish fed, homes are skyrocketing but people are already warning of a top, businesses have a labor shortage and with inflation it's obvious investors do not see US debt as a safe haven anymore. At least for now. I will keep you all updated. Hope you all have your popcorn at the ready.
Doge play it smart!- i am so tired to see Elon Musk playing with Doge retailers, what you have to know is Elon not Hodl BTC at all, he just hold 0.1 BTC offered by one of his friend, he doesn't want BTC simply because he cannot control it.
- So he turned his business on Doge because he just wants to control 51% of the market, like a company, if u have 51%, you are the boss.
- Elon's "calls" on Twitter have a name in Wall Street, it called : "insider Trading" and it's normally heavily punished by the law.
- Don't think because this guy is the richest on the planet means he's a good person, that would blind your eyes, he just wants more and more, like Romans and Napoleon did.
- Just look how Doge acted in this Bullmarket and you will understand everything, People's are loosing faith in Musk, he's now considered as a "Clown".
- So Play Doge as a TRADER ! and you won't Rekt!, Wait for "The Clown" Calls on Twitter and buy. Make your profits and Sell, then wait again.
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Trading Plan
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- Buy : 0.15 ish ( DONT BUY NOW )
- Buy : 0.25 ish ( BUY ONLY IF DOGE PASS 0.25 )
- TP : 0.35-0.37 ( BIG ICHIMOKU RESISTANCE )
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Happy Tr4Ding !
GME and the day the brokers said f*** youI am not a legal financial advisor or consultant, everything shown here is strictly for learning purposes and is of my own opinion. Please do your own research and due diligence and never take any one persons words as 100% truth. GME, GME, GME. man oh man what a year GME had. this failing business had the perfect idea to get back on it's feet and what did the hedgies do? Shot the living crap out of it, would have fail if not for WSB. (LOOKING AT YOU SEC LOSERS) Now this stock has become a meme stock and brokers around the world hat it so much some platforms are still restricting the buy and sell of it. I think in this regard, GME is doomed. And so is this legal and financial system to boot. Profitism is a cancer that caused half of 2020 and 2021 problems (the other half by it shall not be named) If anything GME has lost a bit of money and we will see this trend continue as a financial tug of war happens between short hedgies and WSB yolo trades. It's such a clown show people.
SPX: Just don'tIt's worth noting that, just like in February and the market was full risk-on and people were bullish, all-while the pandemic was hitting our shores, here we are again. The pattern is striking. The pandemic is fading, but we're on the cusp of a much bigger problem. You invest your money the way you want to, if you were bullish in February, just don't.
DXY ready to reverse
RSI losing strength
UVXY back down where were were last time
SPX forming ascending wedge with no support below
We facing shutdowns again
Trump is......not going anywhere LOL.
SPX: Almost thereI don't think this is THE crash. We need someone to blame it on. Currently there is no "culprit" just a random sell day. The Siege on the W.H. is going to be perfect for this task, they'll be able to mask the corrupt monetary policy while vilifying America's left wing an yet another response to the CCP.
I'm convinced that the establishment wants Trump in office because his base is better fit to take on China, who is currently the biggest threat to their order. The protests are a honey pot to attract the most radical in the country. These are people you need to weed out before heading into war.
MCD to 200 (still out of the flag) MCD is next. Ronal fucking mcdonald dude. Perfect breakout and catch. Right out of a bull flag BUT now it’s back in it’s triangle. PT is still 200. Calls we have are for August so will see what the rest of the week brings. Contract down a bit but we’ve got some time. For those who missed out we could be seeing better buying opportunity. Looking at the chart again it is still out of the flag so bullish run til earnings maybe. Will monitor.
LONG TERM XRP/USDHere is my macro view. I think the dollar is going to be very strong over the next couple years. I also believe that crypto currency will bottom and reverse before equities do. You see it correctly. I'm calling for a 2 cent zerp. Yes, occasionally I do hear voices.
Oh, leave your crazed fantasies of Lambos and what-not below.
S&P 500 Long term. Down but for how long?We're heading toward the .65 - .618 of the overall trend, where very powerful MAs and a macro trend line converge, along with the .618 of my proposed 1 wave of the macro 5th. The question is, will the FED be able/willing to keep the market above this trend line or will they let deflation take the market to the very edge of the trend? This would still be an internal retracement to the .887 level of said 1 wave.
I want to say there is no way we're going that low, but my theory that we're in the beginning phases of the destruction of the CCP tells me there is going to be a massive trade war at the very least. An all out trade war, mixed with the CaRony Viruth, and an oil price war is plenty to mask the fundamental flaws of the monetary system, long enough to kick the can down the road another couple decades.