MikeMM

MikeMM Updated 

It appears we had a massive bearish engulfing candle, and now each time we try to retrace into it, we get wicked down. I moved all of my liquidity to cash equivalents. If this is going to happen, I would suspect it will be blatantly obvious by the middle of next month, but we should of course, be somewhat down by then.

MikeMM Updated 

Trend is still down, Bear market rally unless proven otherwise. If bitcoin reaches 42k, and proves me wrong, then a regular bull market correction of 32% will bring bitcoin back to 28k, where I can hop right back in where I sold, and not miss a thing. Anyway. waiting for 6k.

MikeMM Updated 

Interesting that markets are at resistance, and dxy showing this. Very Very interesting. So far this year has been one good month followed by one bad month by one good month. are we in for the bad month?

MikeMM

Looking for something similar to the prior channel in the last bear.

MikeMM

Just looking for some retrace. looks bottomy. Easy stop. Nice reaction.

MikeMM

I think it is time for specific alt coins to catch up. until we break out in either direction, were in a channel, sideways, foreverevereverver

MikeMM Updated 

The narrative is that CHATGPT will be able to compete with BARD on my HOMEPAGE for FREE. As long as BARD is of similar nature and quality to ChatGPT, then many people will simply use it due to convenience. Anyway, as for the technicals. We have a clear adam and eve bottom here. I suspect we just go to all time highs. None the less, I can see a scenario where...

MikeMM Updated 

I am 100% allocated to cryptocurrency right now. I have been adding whenever I can. I am willing to be a bag holder, I do not have debt, so I will not have to service interest if we go into the most anticipated recession ever and rising rates. That being said, I feel the opportunity here is to the long side. I seem to be better at picking tops than bottoms,...

MikeMM Updated 

This weekly candle should close much lower with a large wick left behind. Last hope for bears IMO. Cannot discount this.

MikeMM Updated 

This thing has been beaten heavily into the ground. Cathie is often mocked, but I can think for myself and I hear what she is saying loud and clear.

MikeMM

S&P500 has never broken the 786 of its prior "bear market rally" without continuing to new all time highs. Back tested it. Feel free to do it yourself. It will barely breech the 618, and many times even lesser retraces, if it is to continue lower. The only Occurance I have found was Monday December 2nd 2002. Which the rally hit the full retrace of its prior...

MikeMM Updated 

I dont have much to say about this... All other companies which entered a correction went down to roughly their 2017 levels, I see no reason why this scam wont, and on top of it they are a representation of the country which is helping Russia in the Ukraine war.

MikeMM

Is it really different this time? Are we going to go to the mooooon? or are we going to the good ol gutter?

MikeMM

Weekly timeframe RSI reminds me a Lot of Coinbase before it mega mooned. In the context of the monthly timeframe, look where we are, all time lows. and bullish DIV on the MACD. I don't know anything about this stock, just looking at the chart.

MikeMM Updated 

Yet it needs to find more weakness before strength. RSI is not yet oversold. Descending triangle continuation pattern on chart. Im sure there's more but that's enough for me. Almost all asset classes seem to have bottomed, except for the ones which did well last year, those may be in pain.

MikeMM Updated 

These are the levels I am looking at. Take profit 1 2 and 3. This is in relation to the Wyckoff accumulation case I made at 32 dollars. (search my history for it)

MikeMM

The time to enter was on the 2nd low. People who are in, congrats. Looking for new all time highs soon.

MikeMM Updated 

I just cant be bearish here.... its so beautiful. What do you guys think?