Target for VET in September 2020This are the main resistances in VET for 2020, if we pass this I'm expecting a leg up to .028 usd.
September
DXY: Needs a HeroFor months we have seen the dollar take a beating while the stock market rises to epic proportions. Its so easy to "Buy the dip, bro" without thinking of the consequences of what an everlasting market means for the rest of the economy when the economy is already in bad shape. Since we all know the Fed is not going to allow the market to take a huge dive before the election, it also simultaneously is worried that inflation is going to cause more damage in the aftermath. And how high can NQ go? Well shit...lets just say I wouldn't put 20,000 past that bastard at this point.
In the meantime liquidity is finally starting to wane again. The last time Liquidity faded into neutral territory was in the latter half of June. Gone were the days of easy dip-buying, no, it actually had the potential to go down harshly if one were not careful. Liquidity is supposed to go neutral by mid September and the dollar has been itching for a boost this last week along with its good buddy, the VIX.
I like to check on the weekly and monthly charts every now and then, especially how a candle is developing at the end of the month. As we noticed circled on the top of the chart, it showed what the pros like to call a "gravestone doji." This is a doji signifying the winds of chaos have shifted to favor the Bear Gods and so it did with a deep glorious red on the monthly chart. But we are getting closer to the end of the downward wedge, what is in store for next month?
My guess? A dragonfly doji that will signify the dollar is back in black, baby! It will look like a "t" with a small top, almost the opposite of a graveyard in look. What does this mean for everyone else? Volatility, some downs and ups, you know, all the fun roller coaster shit that day traders love but investors hate. Now these dojis honestly work best at the higher level charts and some people dont use them or need them (there are multiple ways to make money on the market), but its an interesting thing to note none the less. Ill be watching out to see if our dragon fly shows up and ready to fly into my upper wedge. Will this be the end of stonks only go up? Probably not. But it could signify that something is coming in the next few months. When? Couldnt tell you, but its lurking in the shadows, waiting.
TVIXF: A Brand New Hope?Since TVIX has made its all time highs in March its been falling gently down for months with a few nice spikes inbetween. Since then its been less of an opportunity and more of a beware for all bears, the market is STILL going up. I posted a few days ago about the dollar possibly leaping around Sept 11th and low and behold, it lines up roughly with our TVIXF as well. Could this be the end of the wedge? Not sure. We do know that movement could exist around that time and perhaps not a second flash crash, but a strong correction might be in order or maybe just the start of one? The indexes have been overextended for a while and trading has become boring and impossible for retail traders. Overcrowding might exist by that point as the bears that have been short covering for months might finally give up, take off their bear slippers and put on their bull horns just in time for a toss off the cliff.
As far as the bigger picture on the daily, the moving averages still extend down like eagle claws and is pretty much on the bottom line of RSI. On the weekly, its not over bought enough but the wicks on our falling red bodies is getting smaller and smaller. On the monthly our wicks are ever smaller. However this is at the same level this was in NOVEMBER 2019. If this is any indication, green will start appearing in OCTOBER 2020. However it doesnt mean you cant get your front row tickets some where in late September. Volatility might start spiking when the dollar pops up and anything under $49 dollars might be a great deal. You will just have to wait another 3 months to see any results unless you trade and dump each time (which is an option....).
So Bears we are back to stupid as the Market refuses to die...but have heart....the market is near completion. Just stop shorting....relax...and wait a bit longer.
Note: TVIXF is OTC and has more risk then it did before it was decommissioned in July. TVIX 2.0 is STILL not here yet and TVIXF maybe abandoned by traders if TVIX 2.0 shows up in the next few months. You've been warned.
looks like we are consolidating and ready to take off this fall looks like we are consolidating and ready to take off this fall
I feel good that i called the bottom with the RSI
Just waiting for the RSI to drop again to pick up more.
No Rona better, But Rona hee now.Channels drawn with "line" format, but chart shows candles. That's why wicks
White- Down from 20k
Yellow- Up from inception
Purple- Accumulation zones? MehBeh
Wondering if Rona never came, and we still maintained that channel, we'd see 14k by September-December.
Still in play? back in accumulation..
If not, 5k by my eyes.
SBUX ending the week strong With market volatility dissipating and a big $30M EU court win for SBUX will help drive the price up the rest of this week. My closing price prediction is $92.50. Are you a Starbucks bull? Ready for Q4 this October? It will be a fun ride.
SBUX September Prediction This prediction will be Starbucks stock fluctuation and value by September 30th. A lot of work went into this and I am betting big on an option contract that expires 11/15.
50 contracts for SBUX to be $105
Comment below your bullish or bearish thesis on SBUX
TRX End of Sept LongHi guys,
Had a look at the TRXBTC chart and (of course this is way too far into the future to tell) just using some trendlines and a harmonic pattern came up with 75 sats as the potential bottom for this, before it's big run up. I'll post the AB=CD Pattern shortly.
Not trading advice.
Its summer take a break wait for SeptWe have been blindsided some with a corrective deeper structure in technicals on price due to the uncertainty currently in the market. Don't be overwhelmed with your assets. Cardano's best days are ahead and I have no doubt we will see a bright future with ada if you just stick with the growth in the coming 10 years. Thats right...I said it...10 years...we have a long way to go, but that isn't a long time to do it!
ADA Cryptocurrency will be needed for Smart Contracts. Every transaction made on the network tells a story and smart contracts write the scripts for these stories. ADA will be the actor in the accumulation of data between transactions. Lets not forget about the treasury system and the upcoming launch of Shelley overall.
Charles recently commented about how volatile the market will be because of the crazy announcements of Libra and the uncertainty showing in the market.
The society is changing and the culture of this market is becoming regulated and it is now a time to be patient once again as more fundamental development shows itself.
It is highly important to stick close to the growth of the real world use case of your digital asset. ADA is not always clear but there are many important functions that this native cryptocurrency will play in Cardano Ecosystem.
As the crypto fanatics say...HODL strong :) IOHK is here to stay. This is a marathon not a sprint. Have two bags if you are sprinting along the marathon.
;) I have added 4,000 more ada at .052
My laddered positions are at the following.
.022
.042
.052
.076
.08
.17
.20
.28
Assets bought at .28 we later hedged and flipped from .03 to .09 for a x3 return to try to break even. I just kept the profits and added into the holding. I wont pull unless we hit $1
In it to win it :) stay savvy traders and always keep in mind price action changes all the time. An idea is an idea for the moment until the market prints us the story. Always take trades with managed risk. Thanks for following! Not much more room to go for ADA but I have set another buy entry at .032 again :D
Time to start stacking for the staking!
A break of the bearish channel is what we are looking for in order to go long again. August Shelley updates will be released and more on Shelley launch will be released soon. Awaiting Charles Hoskinsons next AMA. He loves to keep us informed. His focus will be ADA as soon as he gets back from vacation.
Happy trading everyone!
I see a us moving below the 8k zone.I am fairly confident that the next 2 months we will see a decrease in bitcoin price. People will be panic selling and strength of bitcoin will get lower. I could see us getting down to the 7k range, I have a purple rectangle where I am assuming price will be going. The reason I feel this way is because of the indecision candle we just made on the monthly, and the shooting star candle on the weekly. Usually we can't assume things with an indecision candle, but with the shooting star candle on the weekly followed by the current red candle and the 6 month run up we just had. I'm about 95% sure we will drop back down to the 7k regions.
(BCN/BTC) - Bytecoin 5/6month PUMP CYCLE DUE: Ride the Whale 4xLooks about that TIME boys and girls! Here's what I see:
1. SinWaves lining up - (every 5/6 months), getting ready for a bullish upswing
2. Low trading volume - perfect for a good ol' Whale Pump and Dump (likely sparked previous bull-runs)
3. Coming off of Sustained DOGECOIN Hype - (hope for alts/altseason is in the air)
4. Teasing that low low bottom resistance level of about .00000024 - *not sure how much lower it can go before the action starts.
- Strategy: Ride the Whale -
Goal: 350%-500% x
Worst Case: 60% Loss
ENTRY @: 00000028 - .00000035 Range in Early/Mid September
Stop/L @: between .00000014 and .00000017 (adjust based on BTC 0.88% market)
EXIT: .00000160 - .00000180
When: Early/Mid October
(BCN/BTC) - Bytecoin 5/6month PUMP CYCLE DUE: Ride the Whale 4xLooks about that TIME boys and girls! Here's what I see:
1. SinWaves lining up - (every 5/6 months), getting ready for a bullish upswing
2. Low trading volume - perfect for a good ol' Whale Pump and Dump (likely sparked previous bull-runs)
3. Coming off of Sustained DOGECOIN Hype - (hope for alts/altseason is in the air)
4. Teasing that low low bottom resistance level of about .00000024 - *not sure how much lower it can go before the action starts.
- Strategy: Ride the Whale -
Goal: 350%-500% x
Worst Case: 60% Loss
ENTRY @: 00000028 - .00000035 Range in Early/Mid September
Stop/L @: between .00000014 and .00000017 (adjust based on BTC market)
EXIT: .00000160 - .00000180
When: Early/Mid October
Strong news around BURSTcoin, ascending triangel 2h, RSI some good thought about this gem, this open source project full of positive news around it, check development, community, burst expansion releases.
The months around september for the last few yearsCheck the months around september for the last few years
DIS (ESPN) - Sports Betting Season in common with CHDN, PENN, BYDIS
Disney who owns ESPN has a few commonalities with sports betting and that's the NFL season ( Sept. - Feb.)
* Last Sept. to Feb was a strong run for the markets, so comparisons used here to show sector trend.
* Overlay SP500, NAS100 to know better than market
* Overlay sports betting Churchill Downs (CHDN), Penn Gaming (PENN), and Boyds (BYD) Gaming
* Current trend is with US states approving sports betting, not gambling is not used in legislative wordings....
* NFL season creates more betting than any other sport. ( except cricket mate...right?, Rugby7's, World Cup of Darts, no?!)
* BYD pays ~ 0.7% Div., PENN no Div., and CHDN pays a ~2.3% Div, but DISNEY, who owns ESPN pays a ~ 3.0% Div. yield
* BETA for betting is quite high, while DIS is low and near SP500 / NAS100 lines excluding the compounding dividend.
* Don't bet, just invest. This sector in risky with aggressive ups.
Comments for self. Post one comment if you look at this please (like/agree/disagree/fan/funny/WOT).
HPR bout to get some cprIf you know what I mean, watch out if this thing can hold gains to be made! Have to watch out though September has been a beasty bear of a month lately, where them gains at?
BTC SEptember 2018The long term trend has held for about 8 months now. The RSI is showing overbought, the BB is drifting on the top and STOCH is showing massively overbought! There is also a lovely Ascending Triangle forming that could break out either way, but given all the Bearish indicators and the long term trend, I cannot see this going another way.
There might be a few pit stops at Fib levels, but the down momentum will be too big to hold a fib level.
2014 Bear Run: Fractal, Tailor-Made or AdjustedDear Traders,
the following is an update on my previous fractal study.
The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length.
At the moment, accumulation is the main attraction.
Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear season.
I don't think it is wise to follow fractals blindly, but it sure is fun.
Only time will tell.
Have fun & take care,
S.
XAUUSD LONG 5 WAVE - AB=CDXAUUSD LONG 5 WAVE - AB=CD
Pattern analysis suggests AB=CD parallel geometry.
Culminating into an eventual long, finishing the second 5 wave it's just started here at The end of September.
Looking at an eventual long past the resistance around the month of December - in step with the rate hike, but for now,
looking for the bounce off the top red support, going into 3/5 pushing up into resistance leaving a bounce around these levels finding buyers to push up this market past resistance - looking to pop on the 3 or later at the 5, either way, the 3 is coming, the trick is timing.
Bitcoin course until september 30th 2017The trend seems to be going down. Possible causes are SegWith2x and the closing exchanges in China on 30th september..
