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NOK - 3 Potential Moves in the short termHey guys, On multiple time frames, NYSE:NOK appears to have broken out (at the end of Friday). When I say "broken-out", I mean it has pushed through the falling channel it has been caught in on the hourly chart for a couple of days. Its hard to tell how it will react now that the weekend has passed, but I am hoping for some positive upward movement. NOK is involved in the 5G race, and has some potential to be a long term hold regardless of what occurs during this trade. It has just about had a full 100% retracement back to the price prior to the pump, AND it has confirmed uptrend candles (green candle) on the 4hr and 1D charts. In addition, the monthly chart (although red) closed outside of its downtrend resistance - signifying potential longer term uptrend. I apologize in advance for not having a strong enough account to post multiple pictures or graphs of the different time frames. If you look at area #1, we can see the large green breakout candle and then what appears to be a flag/pennant forming (see descending red trend line and horizontal white support line. I was fortunate to purchase NOK when it was evident it was going to close, so I am already in profit, but am also entering a new position. If we look at area #2, we can find evidence of the most clear resistance zone NOK faces should it try to make a move upward. See the two horizontal red resistance lines and refer to the left side of the chart to see that it has been tested prior to NOK's huge pump. Lastly, if we look at area #3, we can see evidence of the most clear FIRM support (green horizontal lines) where there is good buying power. Ok, now that we have a better understanding of how things are looking, there are about 3 likely scenarios (anything could happen TBH so have stops set). The First scenario can be signified by the GREEN prediction lines The Second scenario can be signified by the ORANGE prediction lines The Third scenario can be signified by the RED prediction lines Keep in mind that, on average, when a stock breaks out of any form of resistance or support, it tends to retest that same zone before continuing its moves up or down (see the prediction lines for a better understanding) Patience is key, I can see myself setting a buy order $4.08 and a tight stop at about $4.04/$4.03 incase it takes the Orange Prediction line, OR set a buy order at $4.16 with a tight stop so I can buy at $4.08 if it fails. This is what I am doing with my money, please make your own decisions. You are responsible for your money and what you do with it. Good luck guys.
NYSE:NOK
by UnknownUnicorn1940998
1
EOS / USD Main trend. Triangle 1444%. Breakdown 18.22 / 44The graph (logarithmic) shows the main trend of cryptocurrencies like EOS versus USD. The base of the triangle is 1444%. Its maximum formation target is the $ 44 -46 zone. Now there is a breakdown of its resistance (for the third time) from $ 3. The resistance of this triangle acts as the descending line of the main trend. The accumulation took place in the area of ​​$ 2.44-3. Please note that the lows of this cryptocurrency showed such numerical values ​​as 0.4972 and 1.1813. The high prices were 18.22, followed by 5.4882. The coin is suitable not only for local speculation, but also for positional trading. It is from time to time in the top ten of the TOP. Now in 17th place. This is not just a price chart for speculation.
BITFINEX:EOSUSD
by SpartaBTC
9
The Great Depression Fractal Part VI - The Final ManiaIf the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth. I like to think of the market as a breathing organism holding its breath for longer and longer. At some point, it runs out of oxygen and needs to exhale. The longer the breath is held, the less healthy the market becomes and many cells become deprived of oxygen. Once it finally exhales, life is pumped back into the cells and it can begin creating new life and sustaining again. This is why I think a big market crash needs to happen in order for smaller businesses and individuals to start regaining a foothold in the economy again. All that pent up energy in the stock market has taken it from elsewhere --- from arts, culture, education....these things are hardly accessible anymore. If someone wants to be an artist, they better come from wealth first because they surely can't afford art school, and they surely can't afford to spend years making art for zero income until they get their big break. You might say sharing art has become easier with the Internet, but with this comes a lot more competition, and many more barriers. It's always been hard to do these things, but right now we're experiencing a crunch where it's A LOT more challenging. Many refuse to accept or see this, though they do feel that there is something inherently wrong, hence why w're getting unrest on both ends of the political spectrum. The fact that people can't agree on why things are this way tells me something else needs to happen. Not even a pandemic could snap people out of it, and this is because it largely affected those without wealth. So ultimately something will need to happen that affects the wealthy, and something that unites people under a more coherent narrative. if not, I'm quite afraid for what our society will look like in the next 20 years. Probably something out of a dystopian sci-fi novel. I mean, it's already looking that way. Here is my original post about the "great depression fractal" from 2018: It's a bit outdated, and I've learned a lot since then. But this is an idea I've been thinking about for quite some time, as you can see. My other follow-up posts are linked at the bottom. Everyone with wealth is running away from the dollar. But people also have extraordinary amounts of debt. Eventually the demand for cash returns as people realize they need to pay back their debts, and that goes for governments and institutions as well. I think trimming some risk from assets at this point isn't a terrible idea. I finally did this with some of my crypto, as I mentioned in my last Bitcoin analysis, where I successfully called the recent top. I think the next generation of wealth will be made in the aftermath of the next great depression, NOT right now. This is only my opinion. Maybe I'll be wrong. Maybe I'm really just living in my own world. In any case, it's very interesting how history rhymes; we got decades of wars and technological innovation, followed by a pandemic, and now a roaring 20's for the stock market. A hundred years ago, we got decades of industrial growth, the first world war, a pandemic, and then a booming period of heavy borrowing and spending on credit. Now to the technicals Zoomed in, you can see a bearish divergence on the monthly chart, and also how high I think the Dow can go before the crash: I think upside will be somewhat limited by that long term rising trendline overhead (red). From there, it can drop back down to retest the broadening formation (orange), and if that falls, it should confirm our Great Depression II, meaning potentially an 80-90% drop for the entire market. And of course, it could always drop before it even gets towards the $50k target. The bearish divergence on the monthly chart for SPX is still there! This divergence is what allowed me to call the market crash prior to the COVID panic, even before COVID really had started to scare investors. But the questions remain: What causes people to realize it's time to pull out? And why can't the dollar just continue its decline to zero? After all, currencies do tend to be replaced...eventually. Interestingly, we are in an economic crisis rivaling the Great Depression, as a result of COVID-19, but asset prices aren't reflecting the real economy. Why? It has a lot to do with currency, as mentioned above. The amount of money printing has been absolutely insane. With this much printing, you'd think that the dollar's valuation would be at zero already. But observe this chart: This is the S&P 500 versus the M2 money supply. What you can see here is that it's currently trending sideways, meaning that the stock market is actually not gaining in real value, and that actual growth has completely stagnated. The only reason stocks have been rising over the last couple of decades is due to this money printing and currency devaluation. This might change at some point. We do not know if this chart will break up or down, from consolidation. That's the true mystery here, and again why this post is entirely speculative. What would happen if this chart broke to the upside, for instance? It would mean that the market is generating real value. The last innovation bubble was the dotcom boom, and you can clearly see it on this chart. It still hasn't gotten even close to those levels. Right now, this is telling me that dollars will probably be printed again during the next crash. But what if it's not enough? Then this chart would break down, the dollar currency index might skyrocket, but the oversupply of dollars could ultimately lead to massive inflation. I'm also seeing some hidden demand for real dollars, as DXY has broken the long term downtrend and held it as support: I also think we're reaching a point where federal monetary policy will need to swing towards taxing the wealthy more heavily. We have not seen highest nominal tax rates this low since prior to the New Deal. To me, this is a signal that policy will likely shift in another direction. Even something as simple as that can cause a crash. Policy aside, although assets now belong mostly to an elite class, the 99% needs real dollars to pay their expenses. They will do whatever they can to get ahold of more cash, and that brings me to my next section. The Revenge of Retail What causes demand for dollars? Debt needs to be repaid. Limits will be imposed on borrowing, which means consumers will need real cash to enjoy life. The average consumer has spent the last year hardly spending anything on entertainment, travel, dining, and drinking. Once the pandemic ends, people are going to rush to live again. And many will need to borrow in order to make this happen and not miss out. Interest rates will need to go up again. Profit-taking from the stock market combined with the return of asset prices to Earth can cause DXY to break out. This is a possibility, and why I've taken my initial risk out of the crypto market after purchasing at lower levels. I still hold the majority for the long term, but if I see more signs of sustained weakness I might take more profits and increase my cash position. What we see today in the stock market is clearly mania. What's fascinating is that we're seeing retail traders fleece hedge funds, which shows the danger of borrowing and money printing. It also exposes how arbitrary stock valuations have become, and how manipulated they can be. It also proves that the 99% does indeed have power over institutions. Forcing out failing companies by shorting them into the ground while deepening the pockets of cannibalistic tech companies has been the name of the game. But the game stops here (see what I did there?). Nothing goes up forever, especially not like this. I'm concerned about the future, definitely. But I think a crash would offer the next great opportunity. Optimistically, I see a green energy and infrastructure revolution, sustainability, more robust mental healthcare, and flourishing arts as what could rise from the ashes. Or, the status quo will continue without any large market crash, the wealth gap will continue to widen, and society will become incredibly boring. What we're seeing during the pandemic right now, especially in big cities like New York, is an incredibly boring world. Things continuing as they are, I think, would go against human nature. Humans naturally want to create, connect, and support their communities. Are we really leaving these vital elements behind? If not, I think we will see some massive shifts over the next decade in financial markets. I'm just preparing myself psychologically for something ridiculous. I'm having fun exploring possibilities, and I hope you are too. This is not financial advice - this is meant for speculation and entertainment only! -Victor Cobra
TVC:DJIShort
by VictorCobra
10
XRP / USD triangle or super pumping?) Price is now 0.44After pumping about + 200%, the deepest retracement to the level of 0.44. Then the decline slowed down From the 0.3666 to 0.343 zone, the dump stopped (downtrend). If the price consolidates above this downtrend, a triangle may well form before the "online court hearing" 22 02 2021. I think everyone understands that the court is a fiction. Before the trial, there will be 15 02 2021 a joint letter from SEC and Ripple with each with their own arguments. Who is not aware of the "court" will be online "on Skype" or a similar service))). It is also worth noting that the triangle and its range are conventions. It is like a possible logical variant of the formation. This figure is most suitable for instilling uncertainty for the event 22 02 2021 22222/1/11. Which translates as a grand conspiracy of people under an iron leadership. Nobody ever hides anything, everything is always openly and publicly. The rules of the game are not violated. The cat always warns the mouse that it will be raped and then eaten. The trick is that most people don't get it. This does not bother manipulators. Misunderstanding is the problem of "misunderstanding" people and their education, logical thinking, and so on ... If, nevertheless, a triangle forms, then it will be quite large. Doubt of people and uncertainty about actions give rise to volatility and, as a result, potential for earnings. You can work inside the formation at the beginning. Closer to the event, the spring will be compressed and ready to fire. You also need to understand that if the price breaks through the level of 0.666 and then 0.777, then it is quite possible that the SEC plot is canceled (decided in advance in full or partially / indefinitely). Satisfaction of the expected needs of very greedy people will begin, so that, thanks to the quality of such people, they completely empty "inside and outside". Now price is 0.44
BITFINEX:XRPUSD
by SpartaBTC
25
Why ATA Creativity Skyrocketed 951% yesterdayWhy ATA Creativity Skyrocketed 951% yesterday There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. ATA shares were buoyed — thanks to discussions stock trading groups on Facebook, Discord chat rooms, the r/Daytrading subreddit, Twitter hashtags, and YouTube channels before the market opened. Many of these posts mentioned the advantages of the high volume and relatively low float (31.74M) of the stock. ATA Creativity is not on the list of most talked about stocks on r/WallStreetBets, as compiled by Swaggystocks.
NASDAQ:AACG
by AlenCiken