You forget. Wall Street can short now! ETF's gon' be a good thing!!!! 😂 👌🏻 You ALL got played! There's nothing that can unwind this bearish divergence on the quarterly chart. Bout to get ugly round the Bitcoin world.
From my perspective there's only two types of Bulls from here. Clueless ones... Or scammers... There's NO WAY in hell I would buy or hold anything that looked like this and I don't short long term ChARTs... Carry cost makes ZERO sense... Coupled with overnight risk of going into debt if you're wrong. No thanks! But if I was HODLing... I would be FODLing......
They gonna scream buy the dip for the next few years. Then comes the real fear... Bout to get ugly. 15 years up. 10 years down. Just how markets work. Laugh now. Cry later.
Capital rotation... Bullish Divergence... Looks like a nice set up. 7 to 1... Possible Dollar loss vs. $7 Gain...
Meanwhile... Traderz gon' trade... I would categorize myself as a divergence trader... The ChART is clear as day... 4 times over 3 years trying to break that 1.5 trillion dollar market cap. NGMI IMHO... I still believe this asset makes it long term. But the OG's have to be really tested. Ask yourself... if you've been holding since...
Knowledge is knowing a tomato is a fruit. Wisdom is not putting it into a fruit salad. One thing I've learned through my years of ChARTing is "REALISITIC EXPECTATIONS". The more outlandish, the less likely. Funny thing is silver started my journey into trading. Before that I didn't have much left to save or invest. I bought into the $500 silver call...
My job it's to manage risk and keep gains. Positive note first... The two pink arrows are different. 2021 had a red candle and a weaker bounce from the 60 on the RSI... As opposed to a Green candle and a strong RSI bounce at the 60. Negative is there is MACRO bearish divergence (PINK LINES) which is not to be confused with a bear market coming but a DIP......
I don't see a top for probably a decade or more. Could I be wrong? Sure! But I think there's ALOT of stackers who started in 2011 who bought the $500 sales pitch who are wore out. Before I knew how to ChART, that was me. But I never was scared of loss. Once I lost half I bailed. I think there's a lot of trouble over head. Physical is a slower asset to...
Double top... With bearish divergence. This has pulled the entire market up by itself. Look out below. CISCO 2.0
This looks like a classic double head and shoulder print fake out... The psychology behind this play is as follows. Late longs in the top box. Some have been holding since May because they "BULLieve"... Some just came in due to FOMO. When price gets close enough to their entry they will thank God for their money back and exit. Along with smart money shorting...
In cash... Waiting. Lot of divergence and patterns printing. $25.69 is what I see... Time will tell the tale.
And sit on your hands... This is not a test. There is 90% probability this plays out... The indicators are the EXACT same as 2010! ALL OSCILATORS LINE UP... DO WHAT YOU WILL... I'm in... Not ignoring this. Yes Bitcoin looks like it's in a bull market as well. But 109k BTC is only 68% from here. Silver wants $100... I put my chips on 250%...
Up... But not before consolidation... SLV - BUY $26ish mid OCT... SELL $34ish around Thanksgiving...
All markets look like they want to roll over... Lured in. Down into election. When Trump wins and He will for the 3rd time Bigly... The. Pump ..
Looks to me like SOXS will pump into FOMC around $28 So the SOXS entry would be $24.85 with a stop under $24 exit upper $27's to $28... The 2pm SOXL entry would be somewhere around $27.50 stop under $25.50 exit around $32.50... 30% total potential tomorrow alone. 100 shares both ways has a $800 potential gain with a $300 potential loss... This is what...
But I'm in! Stops set! $27.90 target! SIZE MATTERS! (That's what she said!) TOO BIG = PAIN! TOO SMALL= NO BENIFIT! Just right in the middle...
Looking for a $23 entry with a $21.75 stop with a $27.86 target... Between now and Fri... Scalped $225 on SOXL this am... Good start to the week... PATIENTLY WAITING FOR THE PROPER SWING ENTRY...
My 47 year journey has led me to this conclusion for my investing thesis. The four $'s... Always SAVE cash!!! Getting out of debt and having an emergency fund and cash to invest is the most important thing you can do! This should be about 10% of your income weekly! Always STACK a portion of your income and NEVER sell... My 4 choices would be 70% VOO 10%...