Get started

Globalcrisis

DANGER WEEK AHEAD FOR THE DJI & MARKETSThe next 2 weeks in the market will likely be a roller coaster ride of volatility and emotion for inexperienced traders/investors alike. I see red flags everywhere in the markets. Lots of bearish divergences, rounded tops, complacency, bullish sentiment. New high after new high in the traditional markets, with cryptos also on a nice rally. I've been keeping watch on this DJI chart since July of 2020 and think now is the time to share it. As you can clearly see price action has been in a massive rising wedge. Price fell out of that wedge back on June, 11th of this year. Since then we have made new highs albeit very small and still below the wedge. Currently it seems to be in a smaller time frame ascending wedge. I want to bring your attention to the convergence of all 3 of these trend lines. The first 2 being both rising wedge lines and the third is the top of the local ascending wedge. Interestingly enough they all meet on Friday, September 10th; the last trading day before the 20th 9/11 anniversary. I can see a meltup on the DOW this upcoming week to 37,850 or so before a nasty rejection kiss off these three lines. Then a crisis (catalyst) happens this weekend and when trading resumes on Monday, September 13th complete carnage ensues. I'll leave it up to you to figure out what that might be, but the significance of the date along with what is going on in Afghanistan should give some clues. Fundamentals are liquidity via unemployment stimulus drying up, housing eviction moratorium coming to a halt, labor and supply shortages. Just this week Toyota announced they were slashing global production by a whopping 40%! I want to close this post by saying that I hope nothing bad happens to our country and the world this month. The last 18 months have been stressful enough. Unfortunately the charts are screaming otherwise. I'll follow up with a closeup of this chart and also some supporting documentation.
TVC:DJIShort
by CryptoDude79
4
BITCOIN TO 30KTechnical analysis: a symmetric triangle going to break to 20k then 13k again and then 30k . if you ask when this is gonna happend i"d tell that i dont know when exactly but its gonna happend in the next years maybe. Fundamental analysis : trade war is getting too strong as china sells the u.s bonds and also the devaluation of the yuan. china, russia, U.E is buying gold as a currency for reserve while the fed is cutting the interest rates for the first time in 11 years . Germany had slow his economic growth and is entering on a "technical recession" . China had his lowest economic growth in the last 30 years . Italia is on a recession, argentina had his worst day on history last monday 12/8 . The FMI redefine the world economic growth with a cut to 3.5% , the same level as 2009. Its your decition to be in the side of the looser or in the side of winners...
BITFINEX:BTCUSDLong
by tomiwolf
1
BTC – money influx into crypto vs SP500 – global crisisHi Guys! All the important information is on the chart. We think this might be the 1st day of economic crisis. The question is though how it will influence the crypto market. Are crypto market and stock convergent or divergent during the time of the crisis? SP500 broke down important support level marked at the beginning of the year. This happened at the time when FED announced raise of the interest rate. Just a couple of days before we marked a massive influx of money into BTC. Somebody has bought 3 bln USD worth BTC at the beginning of December 2018. A well-informed person? They created multiple BTC addresses transferring 8000 BTC on each wallet address. This set of wallets starts at number 126 from the richest wallets on BTC network. You can check it on explorer. This post is an invitation to an open discussion. Please do share them with the whole community your ideas, thought, hopes and threats. Thank you! MASSIVE Hugs! WBM Team
BITFINEX:BTCUSD
by WBM_Team
6
S&P Views and Projections: Hold on to Your HatHere is simply what I think the S&P will do in the next two decades. What goes up must come down. Despite political turmoil in the United States, which country is better prepared with a more developed, regulated, and with a perceived "safe" and open financial market, than the U.S.? RSI, Stoch, and MACD all indicate the potential for a strong sell-off. But what do you think? Can wealth be created and destroyed, or only transferred? Are the laws of supply and demand an ultimate truth or is it possible to manipulate a market by creating false demand? Post your thoughts in the comments below! Happy Hunting Everyone.
TVC:SPXShort
by Piptocurrency
14