What IBKR has in common with SPX? NOTHINGThis is abstract delusional thinking so don't pay attention i have made it just for fun purposes:
1)Burn all the shorts till EoY no pullback
2)Get longs in the first 2 weeks of the New Year
3)Burn all the longs till March Opex
4)Attract more shorts + create room for markets to run till Elections (societal euphoria adding fuel to the current party to win, historical behavior in an election year is in favor of longs)
5)No crazy ATH some prophets are claiming like 5700 or 6000! just enough to create momentum and then zombie mode up and down for the rest of the decade burning longs and shorts index remains at the same levels and passive investing is destroyed (take into account inflation more than +50% at the end of the Decade)
6)My range for 2023-203sh.. 5200-3200
7)2024 winners : small caps and China
8)constant rotation no new money to participate in the markets yet... we have printed too much!!! markets IMHO need to correct mostly in terms of time
9)active management will be the big winner of the decade and brokers' commissions %
10)have fun nobody knows what the market will do but you can control your money and risk management
Fantasy
MSTR: You're Not Surprised Are You?$MSTR Price action tells the story with no room for bias or subjectivity. And yes, the levels on the chart have been there for weeks; no real mystery. The #FTX debacle was merely the catalyst.
The fact that prices went from the upper RED level at ~287 and cut right through the lower RED level at 186 tells you a lot. There is likely a lot more damage to come.
SKLZ Bullish Divergence, RSI OversoldSKLZ looks tasty.
3 Things I like about this chart:
- The bullish divergence on the MACD histogram on the daily
- RSI is oversold on the daily
- Sitting at support
and the downward trend is BORING
I am not a financial advisor, so this is not advice. I have no idea what I am doing.
no idea
Super Longshot BTC TopNot sure why I've never posted this before, but potentially we are on Wave-4 on the larger scale for BTC (currently in Wave-B ). I've put the bottom of Wave-4 at the 61.8% retracement of Wave-3, because Wave-2 retraced 38.2% and the rule of alternation suggests that Wave-4 should cover more price range. It's also the top of Wave-1, and Wave-4 should not retrace into Wave-1/2 territory ever to be valid, so this seemed pretty reasonable.
I've put the end of Wave-4 at the time where (assuming Wave-B finishes exactly in the same amount of time as Wave-A) Wave-C = A+B time.
This then gives us an insane upside for BTC Wave-5. It looks like Wave-1 was the extended wave, so Wave-5 won't be massive in vertical size on log scale... however, it still could be HUGE in price as stuff gets silly on log scale very quickly at these levels. Targets for Wave-5 are based on:
-38.2% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
-61.8% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
-100% of price from bottom Wave-1 to top Wave-3, measured from the bottom of Wave-4
Use the left scale - I had to do a few tricks to get the fib retracements to work correctly and the right scale isn't accurate at all.
Not holding my breath on this idea, but the retracement of Wave-1 in the last correction ( Wave-2 ) is perfect at the 38.2% spot, and my guess at the retracement for Wave-4 lines up super perfectly with the top of Wave-1.
Who knows... maybe we'll all be super rich in a couple years? Hahahaha....
Definitely not financial advice, I'll cry if this happens.
Ignore the indicators.
Trump Tweet = Shots Fired! A Warning?! SHORT BTCUSDFRIENDS
I'm gonna catch a lot of junk for this but I'm going to float an idea for you. Time to abandon ship. I love crypto. You can see my charts going back years, but it's time to get out. There are two main reasons.
1. There are a lot of think tanks articulating a working international gold standard. It's coming. It has to. We can't survive on this imaginary fiat economy for much longer, I'm sure this we can all agree on.
2. The Trump Tweet. Trump tweeted, "I am not a fan of Bitcoin and other Cryptocurrencies...". Most people see Trump as the enemy. However, I think he is trying to give people a warning. I interpret his tweet as: "We are about to nuke Bitcoin and other crypto. Get out now because we're about to press the button. I'm going to fix the economy, but crypto won't exist."
I know most reading this are laughing. That's fine, I likely would too. All jokes aside, you've been warned. It's easy to buy back, but if the floor falls out this could get ugly fast. Good luck crypto friends.
TECHNICALLY
This isn't the prettiest picture. The weekly MACD has been one of the best swing trend indicators and unless we shoot up in the next 24 hours we're probably going to get a bearish cross tomorrow. Intraday charts are uninspiring as well.
ULTIMATE LONG TERM FANTASY FOR USDTRY. Ok let me also share you what I am hoping will happen by the last week of December. This is, as titles suggested, is only a fantasy. It was drawn a while ago and so far it works. But although I am a strong believer of Elliot, I never take it too seriously:) I am not a swing trader, I only use it as a rough direction map, and to boast if my prediction comes true :D That's all. So don't take it too seriously.
Arrividerci