GOLD TRADING PATTERN 2006 TO 2020 ANALYSIS - LEARN SETUP As we discussed earlier, The pandemic vaccine is expected to reach in 2021 so it will achieve it before the vaccine, second corona vawe is affecting world economic hopes again, China-US trade and political tensions are escalating with US elections. Us pandemic situation is not under control.
Corona
QQQ Pennant resolved in Upside Breakout; Whither Big Tech?Surprise Surprise! Close ur shorts on any small pullback IMO; the megaphone channel points to blowoff high ATH at 275.
Should give a pullback from there IMO. Shorting this monster has been an expensive hobby; who knew?!? It will crash again, one day...
Not advice; trade at your own risk! GLTA!
Long with caution!I've always found it hard to understand the chart for the bears as I am naturally bullish.. The inverted chart can give us a better feel of how the bears are doing. As you can see the bears have formed an arc of resistance and a big move is coming. Volatility and volume is decreasing. 9800 area is a significant area and perfect coincides with fibonnaci resistance. If the bulls are able to break through 9800 then we can expect a market rally, but with the fundamentals of the economy being weak because of corona virus be careful longing!
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Bitcoin Potential scenario As I stated earlier in my posts the dump from the original rally 9.7-9.8k was a bearish sign and i was expecting a pump to the 9.2-9.3k after it hit 8.9k, but we rallied more then expected to the 9.4-9.5k area
I feel that right now the markets are going to adjust to price in corona lingering. While bitcoin is not really affected by corona, since it follows the indexes to some degree more right now a dump in the indexes which recently topped out is bearish and I can see a dump to the 5-6k area. I would be surprised to see it crash more then march but anything is possible. Once we hit these areas it will be best to think of a game plan then
KNOS ascending triangle. Huge Potential with Covid 2nd waveCurrently KNOS is in an ascending bull flag.
Why KNOS has huge potential within the months to come:
Their air filtration technology fully removes harmful allergens, bacteria, viruses (including the flu) and even gases from your breathing space. This product far outperforms the outdated 1940’s technology of a HEPA filter, and eliminates the shortcomings of any other air
Kronos owns 12 patents in total, all focused on air filtration, and the removal of harmful bacteria, allergens and viruses from the breathing space.
Patents:
US 7,150,780 B2
US 6,937,455 B2
US 6,919,698 B2
US 6,727,657 B2
US 7,122,070 B1
US 6,963,479 B2
US 7,053,565 B2
US 6,664,741 B1
US 2010/0047115 A1
US 2009/0022340 A1
US 2010/0065510 A1
US 2010/0065510 A1
June 18th, 2020, Kronos signs deal to acquire US based leader in electronics manufacturing industry including its 85,000 square foot manufacturing facility. Kronos announced that it has signed a “Letter of Intent” with a privately held company to acquire a manufacturing facility for its consumer electronics products operations. The Company plans to manufacture a variety of electronic products, including medical ventilators and other vitally necessary medical equipment in addition to its flagship air purification products.
Having their own manufacturing facility would not only help them to scale production to address growing sales and product line expansion, but also to develop new products and bring those to market much faster under a more efficient and controllable cost structure.
June 29th, 2020 Kronos starts taking pre-orders for air purification products.
Corona Cascading Sequenced CrashSo I stumbled upon a very big similarity between current market crash & the previous corona crash!
So far we seem to follow the (near) exact path of last corona crash.
My theory is that we might repeat the cycle a few times before we get at the real low (and it was likely setup this way to slow down the crash & reduce it's impact).
You can look at it like a sort of negative feedback loop on the economy.
If it plays out we're in for some very deep lows before the halving bullrun can begin!