[TVIX] June Price Target Exit Points... You're Gonna Need ThisOk people, things are about ready to boil over here.
Everyone is holding their breath and crossing their fingers that all the economic data dropping first week of June 'won't be as bad as expected' so the market will then rebound.
It's all hopes and dreams though. It's gonna be worse, decent chance of MUCH worse.
If we get to the end of June, and I have to sell off my $150 TVIX at $100 because it was all smooth sailing the whole month. So f*ckin be it. I'll hold my head high and take the L.
But I aint missing a play that could pay up to 5x (proven just two months ago) within a couple weeks when fundamentals are the worst in a century and the global economy is running on hopes and dreams lol.
What a setup.
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Today the price hit the lowest we'll see in awhile at $138 and climbed to $144 by close, that's the bottom.
I also expect that we move out of the buy zone by June 5th and begin harvest preparations.
You're probably reading this after the spike but here's the targets for the few active TVIX riders out there:
Buy Targets:
>$280 = Do not buy (risk/reward ratio starts looking substantially worse here)
$205-$280 = Okay value
$180-$205 = Good value
$150-$180 = Great value
<$150 = You're crazy like me
Sell Targets based on Volume Profile of spike two months ago:
$390 - Will sell 20% of my shares
$600 - Will sell another 20% chunk
$750 - Another 20%
$920 - Another 20%
Best Value - Final 20% trying to catch the peak :)
If at any point a peak looks imminent, prior to the estimated peak here, will dump all. Not trying to be a hero here.
Lets hope for a bountiful June harvest :).
Stockcrash2020
[TVIX] 1D, 4H, 1H and 30M All Lined Up for ReferenceMostly reference purposes here.
What an epic setup.
Buy Signals:
1. RSI flipping from buy to sell on the 1D and 4H and holding closely to the sell dashed line in the 4H or 30M
2. OBV trend change, up or down in the 1D or 4H overall but here the 1H and 30M will give quicker signals of the trend change
3. 1D VPT as RSI flipping from buy to sell and 4h holding close to sell dashed line, 1H should hold to buy dashed line at start of uptrend, 30M should be very volatile crossing both dashed lines back and forth frequently.
4. MACD on the 30 and 1H breaking through zero (We've got 3 beautiful waves in both charts that are still waiting on a fourth due anytime *cough*June*cough*), MACD lines on 1D and 4H primed to break up too
5. POC trending 30M>1H>4H>1D (This ones tricky to dial in properly but that's the idea)
There's a lot more there, just some zoomed perspective for all the TVIX riders out there.
UPDATE: #AEX - "Financial recession is a fact!"UPDATE: #AEX - "Financial recession is a fact! Depression is coming!"
Feb 19
UPDATE: #AEX - "Financial markets will goes into years of recession!"
Financial market is going to prepare itself for a long-term downward movement.
Some financial experts will call this an economic depression the coming period!
Mar 02
Trade active: #IEX #AEX #coronavirus is being misused by the financial market to justify correction that has long been established! It will take approximately 10 years for the financial market reach the bottom.
DJI Stock - A global market collapse 2020I am not an expert TA or Analyst. These messages are based on my own knowledge, research, and learnings. I may be wrong or I may be right but this is how I see the current market during a crisis within a crisis (financial & health crisis).
The sentiment speaks what the chart is telling us and currently, we are in FEAR & UNCERTAINTY or the people finally awake how our old financial system work. Let us see what really is 2020 for each one of us!
Stay safe, protect your assets and be smart! :)