Todays CPI leads me to believe inflation is trending down which is a good sign for markets. Healthy markets plus good news from SEC lawsuit would get this to somewhere around $6.3-$7. Current economic environment is volatile, news can change this idea at any moment
Crazy cause we either rip into a crazy bull market or continue the worst bear market we've seen in a while. Unemployment was at record lows Nato vs Russia Fed would rather have higher rates for longer than inflation
Very lonely being a bear up here but it is what it is... macro descending channel not invalidated just yet
Record low unemployment numbers are a sign of a recession in sight. Fed also stated they are reducing their balance sheet and the liquidity is there...
I can see a drop to 17-21 cents to build a lot of liquidity so that big players can enter after Ripple settlement news comes out.... or it starts stabilizing above 45 cents and launches big inflection zone at the moment
I read something about if NATO directly supplies weapons to Ukraine it will be retaliated. Well US just announced it is planning on sending a bunch of tanks over which will cause war fears the dollar to spike and markets to dump.
Sentiment is in the gutters while 1,000's are angered and sidelined. Would have thought we'd be at 12K rn so im getting bullish
Fibby and trendline set up im long af will just cut if we're that bearish but gotta take the chance. Stay dynamic
Seeing a similar situation as November 2018. This would mean by March 2023 Bull Market will come back
Think we take out some highs before a big move down
XRPBTC looking like its been accumulating for a while now... could see a big move like this soon
I think we have another risk on leg in markets to be made. This would provide enough fomo buys and liquidity for fed to then unload their balance sheet and start a bear market with rate hikes..
Everytime I post longs on this stock I get a bunch of salty HODLERS that say they're done with this garbage stock. Earnings have been bad but with Cannabis on the verge of federal legalization and presidents handing out amnesty for cannabis convictions is a good sign for the future.
Recessuib plan postponed. Dollar too overbought to be getting bearish and risk of at lows. Seeing monthly lows hold as well so it is what it is. Can see something like this Macro H&S playing out for The Big Short
Dont be the idiot that comes in cocky in my comments then deletes his posts when I am right. This is trading anything can happen thats why anyone that speaks in absolutes is a bum. Anyways heres the Recession special PC out
.382 fib and trendline as resistance. Monthly close coming up I'm bearish and then waiting for confirmation of bear market at blue zone below
Im bearish sooo it is what it is. Recession plan cause oil is high gas prices are high real estate is high what is this 4/20??
Spotted a Macro range wont sell any till $1.9 which is top of that range