Dow Jones.Alright for all these people who have no idea what actually happens right now.
We are at the beginning of the biggest recession we've ever seen.
We have roughly lost 55% on the DJ after the housing bubble popped.
So my estimation with about a 50% decline in DJ doesn't seem far stretched off right?!
We even have a big support line there?! Coincidence? I don't think so.
So my target for a healthy correction would be about 15k DJ
If you draw a fiblevel from 2009 low to 2020 high. You can even see 0.618 around that target.
Then again we have many factors to take in. Will covid-19 magical disappear or will it mutate and get even more dangerous.
I'm no doctor, but if we need at least a year to finde a vaccine I could see us drop even more crazier. Perhaps to 2nd support level.
Until then with best regards
Health is more important than wealth
(I prefer to make videos so I don't forget everything I have in my mind.
I edited this text like 5 times after release. Gonna stick to videos for the future)
Wealth
EOS time for a retrace? Sellers taking a breatherEOS has entered into a consolidation phase after having a large sell off. I'm only looking for longs after this consolidation phase, because price has moved down significantly already. If price continues down I will wait patiently for a reversal and change in market structure. Not shooting for a large target a small retrace target
LTC Looking for longs. Is it time?Ltc has been trending down for some time. It has reached a consolidation phase. I'm only looking for longs out of this range. If it continues down I will be patient and wait for a change in market structure before entering a long position.
Looking forward to hearing from you and your ideas. Please give this a like and follow me for more market analysis.
Cryptocurrency will make more millionaires than the internetDid you know that wealth is infinite? did you know it expands just like the cosmos?
Imagine a world where we are all so rich poverty doesn't exist, Imagine a world where peace is the norm, and Imagine a world where technology moves forward the evolution of humanity.
What if we really do bring to pass the immortality and life of man? what if we are all gods? (as above so below) what if every spiritual teaching/text was leading up to this moment in time?
In a world of fear, I choose to remain a dreamer. I choose to create the reality I want to see. I choose to inspire others. I choose to leave my impact on humanity forever.
I don't know what is going to happen in the future because I don't own a crystal ball. BUT I do know what I want to happen in the future and I align myself with that.
I believe in a world where we all forgive each other, I believe in a world where we can all live as one.. After all we are all the same at the end of the day?
So call me a dreamer its a compliment actually. I dream of a better world.
There is so much negativity and fear in the world right now... don't ponder on it .. don't become absorbed in it... that only feeds fear.
For me, I am focusing on the light.
+Technical analysis!
- Bullish divergence
- Oversold RSI
- Perfect Elliott wave cycles
- Bullish volume profile
Stay safe and stay profitable.
ETHUSD Topping out? Time to Dive? BTC price dependent?ETHUSD price has rejected off the supply zone giving the first indication a correction could be upon us. I'm waiting for the break of the raising wedge before entering a short position. The conservative option would be to wait for price to break down and create a lower low before contemplating a short position. Thanks for a having a look at my analysis, all feedback is welcome. Would love to hear from you and your ideas particularly if you are seeing a long opportunity. Give me a follow and a like, to keep seeing similar charts. Thanks again
Black swan event. Indicies in freefall. Continuation in March?!Hello dear traders.
Corona virus is hitting hard. Black swan event is in play. We might see the biggest shift of wealth in human history.
Perhaps people will understand that our current financial system isn't the best and that it's time for a more stable and better form of currency.
Bitcoin has not yet reached that point, but in a few years from now it will at least establish as -the- best peservation of wealth. Which by the way it actually is the best growing asset humanity has ever had.
Now to my trade.
I am short on DJ30 and DE30.
Light blue doted line is my entry, which ofcourse is a bad entry. (We saw a really clear textbook jump of the 0.618 fib level - ofcourse it is institutional money taking out their gains of their shorts this week)
Big red doted line is my stoploss.
My entry on DE30 is @12076
I see DJ dropping till 21000 at least.
We might get a pump next week since it's the start of the new month March.
But this is the time for traders to act. Unfortunatly my entries are late, but I still think there is room to grow your portfolio.
Until then.
Health is more important than wealth.
Still long GOLD, since 2009 [DETAILED]Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business & have continued to be an investor/trader since.
Currently awaiting to continue buying pullbacks to the (long term) green line. This is a wealth play that I expect to simply hold long term. I BUY PHYSICAL GOLD & track the price value with the chart. You must understand market economics & the historical valuation of GOLD to understand why I approach it this way. GOLD IS NOT A "SAVE THE DAY" ASSET. It is simply a part of a long term asset building strategy to add to a balanced portfolio.
Buy GJ!! 100 Pipsclearing have broken and trading above quarter points and have a deep C retrecemnt which will lead us to a shorter D retracement at -.27 which coincides with a MAJOR QP. trendiness have been broken on lower time frames to confirm. Bullish engulfing with minimal draw back would be even more confirmation.
XNGUSD Long BiasHello everyone.
This is natural gas analysis.
As we have given demand analysis in our previous post some time ago. Though price just validated the previous higher time frame monthly demand zone but there are some chances to retrace back because as we know market always makes fresh zones on lower time frames after confirming higher time frame’s zones. So here is the small gap we can earn from. There is a chance to retrace back after touching 2.4700 area so we can set out TP on the said area.
But after a small retrace market would give us another bullish move so lets see.
Happy Trading
MOVE TO CHINA, GO BROKE, OR BUY GOLD BEFORE ITS TOO LATE! THE WORLD IS WITNESSING THE BIGGEST TRANSFER OF WEALTH IN MANY GENERATIONS. ANY PERSON, BANK, OUR COUNTRY THAT IS SELLING GOLD SO LATE IN THE LONG TERM DEBT CYCLE IS ASKING FOR WHAT THEY HAVE COMING. DON'T WE REALIZE THAT THE EXCHANGE OF WESTERN GOLD IS ONLY MOVING IN ONE DIRECTION! EAST!
I CAN'T UNDERSTAND WHY THE USA IS SO WORRIED ABOUT LOOSING IT'S MANUFACTURING JOBS TO CHINA AND NOT ABOUT LOOSING ITS REAL WEALTH. GOLD IS THE ONLY MEASURE OF WEALTH TO SURVIVE THORUGHOUT HISTORY.
MAY BE WORTHWHILE TO RESEARCH THE FOLLOWING:
ftalphaville.ft.com
en.wikipedia.org
nationalinterest.org
OANDA:XAUUSD AMEX:NUGT AMEX:JNUG AMEX:GDX AMEX:GDXJ FX_IDC:XAUCNY FX_IDC:XAUUSD
TWST Is Going to $350 in less than 6 months.NASDAQ:TWST is probably the most BULLISH looking stock technically.
In my 7 years of trading, I HAVE NEVER SEEN A STOCK LOOK SO FUCKING BULLISH !!!!!!!
The company supplies Microsft with DNA to store Data. Cells are the best and most efficient way to store information. TWST Has very strong and good patents. this can easily be a $100B cap company in less than 5 years.
Thank you for reading.
Best,
Antonio
CARA Will Be a Huge Winner!!! $100 in 1 6-12 monthsNASDAQ:CARA Has been consolidating for over 5 years now and is flirting with its ATH.
The promising biotech company only has a market cap of $1B which makes a 5x move very easy and fast. This is more of a longer-term play and can increase well over 5x
Stock may dip before the meteoric rise but hard to say with earnings coming first week of August.
Thank you for reading.
Best,
Antonio