AND WHEN MARKETS PANIC AFTER GOING WILD!The DJI was dented significantly over night by three main events:
1. Trouble in Iran.
2. China - withdrawing some companies from the LSE
3. North Korea - powering up to cause America a headache.
There was panic selling in the middle of the night which started with the news on Iran.
Important trend lines up to 2 hourly were penetrated.
Could this be the pinprick that pops the bubble? We'll only discover - after the pop! LOL
POP
POP!! IT'S COMING!What people want me to do is tell them when the bubble is gonna pop!
Well, well - I can see the weather outside my home is setting up pretty badly, but I can't tell when a downpour of rain is gonna come! I'm as I'm so bad at weather forecasting - how on earth could I possibly forecast market crashes?
All I know is that when I see bad weather I'd better wear a raincoat or carry and umbrella - or alternatively don't venture outside! Is that okayyyyy? :) :)
$6 BILLION BUBBLE POP! This is a rare and exciting example of a bubble that popped.
Testing the theory that the best time to buy is when there's blood in the streets, would anybody buy this stock now?
Well I don't imagine many people would buy now. I'm not tellin' what I'm doing!
This is not a recommendation to trade securities. If you take a position and lose your money, kindly sue yourself!
AIONBTCAt the end of a major long term resistance / falling wedge / bull flag
Possible return to the mean of the downtrend channel
Could easily POP, set you sell order to catch it! =)
CRSP continues to gain LONG With some investor conferences and earnings coming there is a good chance that CRSP can significantly pop up out of the channel again, or at least continue its upward trend.
I expect it to move into the new zone between $40.06 and $47.08 within a month and if it crosses over to remain above.
If it touches the ichimoku cloud I will back off as I can see it dropping or flattening out for a while if that is the case, but only waiting for it to clear above the cloud and continuing its climb to $50 usd.
Please like, share, or follow for more tips as I get better it is only going to get hotter!
XRP gearing up for a popPrice has been in a tight trading range, but a couple of indicators are showing the red bullish trend line to hold with buying interest likely to succeed.
The ADX is starting to stabilize and turn higher inside the 20-30 strength building zone for trend as support is being tested and the bulls maintain control. The RSI held inside the green bullish zone on the last drop attempt and should stay within the bullish realm with room for buying interest.
Buying should start to come back into this market this week and into next (with protective stops just underneath the red bullish trend line) to pop this market toward previous highs.
Thoughts?
I really hope this fractal doesn't play out on netflix..We are seeing some early signs of bearish sentiment ... I have said multiple times in the past if we get some type of correction in stocks it will be because of overvalued tech stocks such as google amazon Netflix nvidia and many others..
I am not trying to call a top here! we still need to make more lower lows to confirm the trend but we are getting early signs of bad structure similar to the way the internet bubble was topping out .
the spx could have a trend line failure and do a ABC or go for more legs up so we are just watching those levels
But yeah I don't want this to happen cause it would mean lots of people loose money but also I feel I need to post warnings to watch for lower low patterns and more weakness so you don't get exposed to a 40% drop or something crazy like that.
remember there are lots of kids Netflix and chilling these days but you can also still use torrents and hulu
Stay safe and stay profitable out there.
Fullfilling the Elliot Wave PatternWe have MNST showing a typical elliott wave pattern. It might dip down further but know that we are about to see an ABC bounce back. We also have a tell tale oversold point on the RSI so we should be looking at a pop but I am going to buy around B instead of now just to confirm that the stock is making an ABC pattern.
Will keep you guys updated --
POP!Downunder, we say:
nah yeah, which means Yes
yeah nah, means No.
Yeah nah, this ain't gonna fly mate.
Had a long look at the old dickie Daq, yeah nah, sorry but she's gonna pop.
Gains and upward treads are done for the moment, the correction is upon us.
I don't think you need to be a genius to realise this.
Chin up mate, she'll be right.
Love Daz.
WTF Bitcoin- Crucial Trial Time- Pop or Drop?
WTF Bitcoin?
Looks positive, but a very big trial point for the coin.
Could pop or flop.
All the great news is bullishly comforting and other big players are suggesting bullish outcome. Equally, many people think BTC will drop. A nice Head & shoulders is forming (TBD).
Inverse Head & Shoulder hopefully pops to a resistance line of $11,700
Or
Or test $10800/$11000, get rejected
and drops down to $8800/$8500
The STOCH RSI is very similar to previous levels when it did a bull trap at $8200 to $9300 and then dropped significantly.
We shall see, we shall see.
We gon go down and den gon go up and den gon go real downI feel like there wasn't enough blood and this scenario represents how I think market can destroy peoples hopes and dreams. If we however go over ~17k convincingly this is off the table and we are likely to make ATH after which any direction is reasonable.
Vert Coin Pressuer Building!!! New Year's PopPressure is building Up for VertCoin! Very Bullish, as we appear to be entering a FLAG/PENNAT that may not burst to the upside until late 2017/early 2018 New Year's?! Elliot Wave prediction can clearly be seen on my Chart, with an A,B,C retracement pattern. This is my best Educated Guess as to where this market is headed.
Looking at the sine wave in the (FLAG/PENNAT) suggests that we could ping pong up and down and potential dip to another low of $7.00 No Worries, it looks very solid and will burst forth; around or shortly after BTC and LTC hit their Merry Christmas Highs'!!! (Lets keep an eye on this Crypto to see how accurate I am on sticking my neck out there)?! Don't be afraid to critique my judgement; especially after the fact, which should be all too easy to do! I don't mind being the Whipping Boy from time to time.
Merry Christmas!!! ; )
IOTA Price Jump for Christmas! Similar to the Price Projection that I posted earlier today for LTC; we can see a similar Market Structure finishing and a New Market Structure forming Up! It looks like an "Elliot Wave," with an A,B,C Retracement pattern; following. Funny how all of the Crypto Coins/Tokens tend to follow the same trend pattern(s)?!? Could be a representation of the FREE MARKET finally flexing its muscles due to a lack of controls/Regulations from big financial firms/Governments; i,e, No manipulations from derivatives, futures markets, or etfs.
This is my best educated guess as to where this market may go. (Sometimes you just gotta stick your neck out there to see if your right or not). If I am wrong then we are left with the CORRECT MARKET STRUCTURE; everybody Wins!
I do believe IOTA is heading skyward!!!
Merry Christmas! ; )
STRAT ready for take off!The consolidation for this coins has been huge and the increased volume is indicating to quiet accumulation before a big POP!
Buy while it is cheap. Five possible waves can take this coin to huge gains in 2018.
MGTI's Correlation with GBTC is Uncanny!Shares of MGTI have strongly corrilated with shares of GBTC and now the shares of MGTI are selling off into earnings while GBTC has rallied. A sharp pop in shares of MGTI is very possible due to the action of GBTC as off late. MGTI has also ramped up their bitcoin mining opperations buying 2000 more Antminer S9 miners. With these new miners alone MGTI will be able to generate 22 Million annually pre tax. I would consider MGTI a STRONG BUY right now.
Full discloser I am a shareholder of MGTI. I am not a shareholder of GBTC.
$GNMX had a good support today.Hoping for a jump tomorrow since failed clinical trial for its lead drug dropped today.
SPY / ES Ready to POPChop derived indicator, RSG is showing a larger level. All vertical lines are ready to pop situations. We are on another ready to pop scenario.
Remember - This is not a directional prediction. This is merely another way to look at Squeeze and align another indicator with similar concept to select a good ticker.
Enjoy