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Lumber bubble pops - what does it mean?Some may not be aware of the importance of lumber price movements. Basically lumber rocketed like nobody's business, then crashed (>50% correction) pretty quickly. This post is not an analysis of why lumber prices rose so crazily. Viewers will need to do some background reading. The collapse was the worst seen since 1978 . That's something to chew on. In essence it was a bubble that popped. It was about demand going wild for all sorts of reasons, with no true underlying 'value'. That phenomenon has been seen repeatedly across all asset classes. It happens when something is fundamentally wrong with market booms. Those who would purchase lumber wised up; the market became saturated in extreme overbought territory, and those who would have been using lumber (for house-building etc) basically switched from 'commodity' purchases to 'services'. That's the broad brush and I can't give chapter and verse here. People went on holidays! I didn't say 'everybody'. Yes - read about it. They decided, ' Now is not a good time - I'll do some travelling and living instead '. Funny but true. But what's underlying the lumber bubble pop, is that the Housing market has suffered a similar pop. Ahhhh.. some will disagree with me because they're not seeing much about that in the news. Well BigMedia news is usually 3 to 6 months late! And of course, people believe more than 50% of what they read in the #LameStreamMedia news - but will never admit that. I'm not about to deviate onto the metrics for the Housing Bubble pop here. Serious traders and investors can find that on the net from reputable channels on popular non-conventional streaming channels. But don't expect the whole picture to be found in one place. The lumber pop, in conjunction with the housing pop - is basically bad news for loads of commodity sectors. If you don't believe me go back to 2007-2009. This is literally where the 'house of cards' (pun intended) collapsed. History repeats itself because human nature doesn't change much. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
L
by Captain_Walker
2
$CDR EWT Analysis - The dip has bottomed?$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop because of the refunds and removal of CP2077 digital copies from online stores. Consider the following chart as an alternate EWT wave count before buying the dip.
GPW:CDR
by GoldDoubling
Bitcoin Crash ?!!~_~BINANCE:BTCUSDT BINANCE:BTCUSD hi guys , I was seeing all the hype with btc making a new ATH and all that and I wanted to just warn you all about this divergence that has been forming on the charts for a while now. So according to what I see on the charts we will continue moving up probably to price target of 1.618 Fibonacci level witch is nearly at 57500 in the next 1 or 2 weeks but what I'm saying is that we should trade very cautiously at this point and keep an eye on these levels because if we hit the line again and also be in an euphoria we will have big downwards movements in my opinion. So all I can say is to always trade cautiously , always take profit and don't be greedy. If my idea was helpful please leave a like and comment your opinion for me and consider following me for more content!! Thanks!! (¬‿¬)
Long
by arshia3h
#ETH #ethereum - Perfect 3 drive setup I read this somewhere, first, they pump ETH then BTC then alts then they cash out in USD & cycle repeats itself, this seems to be true for the current movement we are watching in cryptomarkets First ETH was moving but BTC was lagging now BTC is moving but ETH is lagging, i posted a long chart while back with the targets of 267, it looks hard to reach there now, we are forming a HUGE Bearish divergence on 4hr time frame along with it, Three drive perfect setup is also printed!!! will follow this setup as per charts, i will trade with no so for now as i think we will see some wick hunts but overall this is a good setup!
Short
by Bromadic
2
[$BTC] La sortie du biseau ascendant - Signal Baissier à CT Bonjour à tous, J'espère que vous allez bien ! Comme évoqué dans video d'hier ( ), nous arrivions à une zone de forte résistance et les acheteurs n'ont pas tenu la pression , et on a assisté à une belle baisse (entre 5,83% pour le $BTC, 7,63% pour l'$ETH au moment où je vous parle) Le $BTC est sorti du biseau ascendant, ce qui crée une mouvement baissier, à voir pour la continuité du mouvement. En effet, si on regarde la Lagging Span, elle est en direction du bas du biseau mais pas encore traversé, à voir si on rebondi ( retest du prix ? sur le bas du canal pour confirmer le signal baissier). Je revois mal une réintégration du biseau au vue des l'ensemble du mouvement du prix depuis un mois: nous avons réalisé les 5 vagues d'impulsion se terminant par un biseau ascendant. Coté $ETH, on est arrivé pil poil au bas du biseau... Maintenant c'est simple, soit on reste dedans , soit on casse et c'est parti pour les étapes de retest des différents supports ! Si vous avez shorté, bravo, j'espère que vous avez pris vos profits ou alléger si vous pensez à la une continuité baissière. Stay safe :) PEACE !
COINBASE:BTCUSDShort
by NicoDCrypto