MikeMM

MikeMM Updated 

This last pump from 20k to 31k was the exit pump. The hype train. The recent dump from 31 to 27 and back to 29 shows weakness, even more so than the previously highlighted similar situation. Last time the highlighted situation occurred, it made a higher high, yet still dumped. This leads me to believe this is the big one. The weakness. 18k Bitcoin is going...

MikeMM Updated 

The media is massively FUDDING the USD. I do not believe this is a coincidence that we experience this at such a critical perhaps turning point double bottom on the DXY. Its hard to hold dollars right now, They've been crushed for awhile, and assets have been going up. I am suggesting this ends soon. If we go below the white box, im a complete clown.

MikeMM

The chart looks like crap. There is very little support between here and the red box. The story: To have strayed away from the hand that fed them, to turn and bite it. The old system had an old valuation model. The new system is unknown, but likely bad news. America is number one. China will be a lesson to the next country which has the honors of being #2.

MikeMM Updated 

Will update this periodically. Originally I was long, but now there is some evidence I will put together for you guys.

MikeMM Updated 

Apple will likely be the catalyst on June 5th, with a similar move to Nvidia. Aside from apple, I have taken the opportunity to look at the top holdings of Berkshire Hathaway from a technical standpoint. (why bother business standpoint, buffet already did that) From what I see, the top 10 holdings are all at points where you could expect their corrections to be...

MikeMM Updated 

If there were a place to reverse course, I would suspect were almost there. realistically it is more likely we continue up, Thats just how markets work. However, one could argue the market is still a bear, and new lows are incoming. I think it would be wise to entertain both ideas and know what to look for. As we come closer to the potential top I will be...

MikeMM

Title explains the idea, picture shows it. I would expect the targets to be around my green box. Higher if lucky. It looks beautiful. Stop loss would be below the recent low... unfortunately that's quite a large loss, but also a large gain to shoot for.

MikeMM

If we look at price to book, it peaked at 1.57 ish and currently 1.52. it does not generally go higher than this... 1.6 on an occasion in the past. Brk.b usually goes to at least 1.25 before it rallies again. There are occasions where it goes lower but I am not a gambler and would love to buy at 1.25 I do not anticipate that we have as severe correction as the...

MikeMM Updated 

We will find out shortly. The bear case: Coin goes to zero, after the US authorities pull on some threads and we unwind some massive criminal activity between the inner dealings of DCG - GENESIS - COINBASE - SILVERGATE - FTX - etc etc etc.... The Bull case: The bear case above is the overhanging Fear Uncertainty And doubt which is being amplified by the market...

MikeMM Updated 

This would be one hell of a bull trap, dead cat bounce, whatever you would like to call it. We are in a rising wedge currently. I am expecting that if this plays out, after the sheer volume traded around 15-30k, that the composite man has exited his position. He would be interested in accumulation MUCH lower. I would expect this to start moving down soon. Maybe...

MikeMM Updated 

If this wedge is real, and I do believe it to be, then we may test back up and tap it. Then a rejection would indicate the lower targets are in play.

MikeMM Updated 

I suspect we have 1 or 2 more days to rally, if its not over already. Need to view the rejection in order to get a feel for magnitude of the move down. Bitcoin is an early indicator of risk off, and it recently peaked at 29200. This happening generally leads to at least a short term top in the spx within a few days.

MikeMM

If this harmonic pattern completes, I would be willing to take a long position. Sitting and waiting till then.

MikeMM

If this harmonic pattern completes, then I would be a buyer. The stop loss could be very tight down here.

MikeMM

The harmonic pattern is not complete, and is pure speculation. But I would be looking to buy down here if the downturn occurs.

MikeMM Updated 

Buying at 69 cause obviously.... 420 69 What better way to end the bear market in tesla? than some nice cheap shares?

MikeMM Updated 

The pair seems to be at a potential support, if this bull market is to continue, this is where it would probably do it. 200 day moving average may not even be tagged, since the trend may be strengthening and going parabolic. Makes sense, with all the USD FUD right now. Gotta ask why that narratives being pushed right?

MikeMM Updated 

Coin short sellers can suppress price in the short term, but they do not have enough money to suppress the broader crypto market. So long as the rest of the market moves up, Coin will follow. Leaving short sellers scrambling to exit positions. With over 20% of the float sold short there should be massive fireworks. This could be a home run.