In 2018, the Cryptocurrency market had lost 86% of its value, from 692 Billion to 94 billion USD) In the past 11 weeks, the Cryptocurrency market has lost almost 47% of its value. (1.3 Trillion USD) The same story could be repeated in the next 6-12 months..! There could be some temporary upward moves (correction) in between..!
A comparison between NASDAQ:TSLA and NYSE:NIO Trader point of view: Tesla and NIO have a significant positive correlation, which means they will go in the same direction, no matter high or low, they go together! NIO/Tesla price ratio YTD: How you can benefit from this? When NIO/Tesla reaches 0.08, sell NIO, and when it is near 0.05 Buy NIO If you are...
This comparison may sound like comparing Apples and oranges but from price movement and patterns they are almost identical. In the past trading year, they have a Significant Positive correlation with a P-value of 0..! This means they will go together in 100% of the cases..! If you are interested in giant techs, buy and sell them together..! 1 Month: 3...
Scenario 1: A bullish channel valid for the last 16 months: Scenario 2: A bearish channel valid for the last 50 days: Closing below a flat 50 EMA. Max Pain:35 This is a pure "No Trade Zone "
Possible Top swing: Yesterday's volume is 20x of the average of the most recent days! retest 292 in this week is highly likely.
Scenario 1: Scenario 2: Conclusion: Sideways for a while could be the most probable scenario..!
Scenario 1: Scenario 2: Scenario 3: Sideways Channel Scenario 4: Flat 50EMA Conclusion: here all support and resistance came together, sideway could be the most probable scenario.
Scenario1: Scenario 2: Facebook lost its momentum made a Top swing, closing below its upward channel, and find support at 50EMA. I think the most probable scenario will be a sideway until earing in 1 week.
To increase the efficiency of your trades and have better outcomes, you need to monitor the market constantly. But how should you monitor a market with +10K tickers to find the best trade opportunities? Random Walk Theory and Efficient Market: Random walk theory suggests that changes in stock prices have the same distribution and are independent of each other....
Nasdaq and S&P500 have filed their gap, and Dow jones will soon follow them. but The Question is what type of gap they just have filled? your answer to this question will affect your portfolio in the next 2-6 wks.
What has happened in the past 69 weeks: Let's break it down: Early signs of Exhaustion: TVC:DJI Follows a different story: We have clear signs of exhaustion, but a reversal of a long-term trend, soon to be called..! Now you can see Why it is highly likely that these gaps were Exhaustion Gaps: The next 3 weeks are critical..! Educational...
Apple will fill the gap in the next 2 trading sessions! This is the most probable case scenario..! for day traders..!
Since July 5th, 2021, there is a change in the pattern of new Confirmed covid cases in the US, because of the delta variant. From a statistical point of view, there is a significant negative correlation between the Nasdaq composite and the number of covid cases in the US, in the past month. The difference is : 49% of the population are fully vaccinated and...
Sapiens came to dominate the world because it is the only animal that can cooperate flexibly in large numbers. Prehistoric Sapiens was a key cause of the extinction of other human species such as the Neanderthals, along with numerous other megafauna. Evolution is a change in the characteristics of living things over time. As described by Darwin, evolution occurs...
If you can not differentiate the Bull market from correction, you will pay for it in the coming months. let's review a few posts to have a much better idea of what I am talking about. XBT April 26th, 2021: One Swallow Does Not Make a Summer (or Spring) NASDAQ:TSLA June 24, 2021 Honeymoon is finished..!!! NYSE:NIO July 1st, 2021 Check and Mate..! ...
this is a trade set up for the next 6 wks. closing above 127 makes this obsolete!
Hourly Chart: Top Swing Daily Chart: Right at the support level. (possible price action for few days) Weekly Chart: close at the lowest level since February Monthly Chart: -6.38% since the beginning of July, the Worst performance since March 2020..! Conclusion: This correction could slip to a bearish market..! Risk is high..!
Hourly Chart: at the lower borders of the regression channel. Daily Chart: Bearish engulfing (Bearish) Weekly Chart: Double Top (Bearish) Monthly Chart: Stagnation at the Top of the channel(Neutral) Conclusion: Moving toward 33570 in the next 2 weeks! is the most probable scenario.