I'm just curious to see how it will be after Coinbase traded tomorrow. I remember on December 17th, 2017, when bitcoin touched 20k, I send the link of Tulipmania article to my friends and asked them to read it. Déjà vu is the feeling that one has lived through the present situation before. This is a French phrase that translates literally as "already seen".
I know this could be a totally different story, but it is good to review this post! If you are an active trader: I believe no matter what is the opening price for Coinbase tomorrow, it could be possible to buy it at a lower price the day after tomorrow..! if you have doubts, check the biggest companies opening days! If you are a long-term investor: you have to...
A comparison between Apple, Microsoft, Amazon, Google, Facebook, and Tesla in the past decade. Top chart: last 10 years Bottom chart: last trading year A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction,...
Finally, Tesla broke above 720 level which was a strong resistance level for it and successfully closed above its 50 EMA after multiple attempts. Today’s price range is the same as the price range on January 4th and 5th, but there is a big difference and that is trading volume, which is significantly lower in comparison to that time period! Tesla is the sixth...
Since March 2020, Bitcoin has had 6 tops followed by a correction. Whenever Bitcoin tried to breaking above each of these previous tops, we see a significant daily candle! As you can see, 11.08%,7.39%, 9.93%, 19.45%, 6.8%, and today candle at its higHest level 5.3% change in just one day. In comparison to the past 5 moves it is the weakest and yet we should wait...
We have 5081 tradable Common stock as April 12th 2021. I believe the best trading opportunities occur when the Market , Sector, Industry and the stock itself is experiencing a bullish situation. In the past 3 weeks, Dow Jones and S&P 500 reached new all time highs, and Nasdaq reached back to the Feb 16th 2021 level. But this is not the whole story. It would be...
3Black Crows+ 3drive top pattern = perfect short scenario..!
I published a private short idea on April 7th when CAN was traded at 18.15. Time is the best Judge, and shows how accurate my analysis is..! for evidence check the link
IMO, we are in the most critical days of Bitcoin rally. We should consider all the possibilities..! Why? Because at the end of the past bullish rallies Bitcoin experienced a massive correction of 83-86%..! What makes it more interesting is that Bitcoin corrected -27 to-35% just in the first month. At this moment I believe Bitcoin is not either a buy or sell. For...
Gold is money. Everything else is credit. (J. P. Morgan) Gold has at least 5000 years of history, so this is just an analysis based on the last 1% ..! It is obvious that Gold's past 2 bullish rallies last for 10 years..! and I believe we are in the middle of the 3rd one which could push Gold's price to 3500-4000 USD/oz in the next 4-5 years. If you do simple...
what do you think is more important? moving average itself or moving average slope? your answer to this question will save your capital in the market and will change the game forever..! while moving average is a delayed indicator, I believe its slope is a predictive indicator! Don't believe me, check how I predicted the market crash in EV makers before everyone...
Elliott Wave Corrections Corrective patterns can be grouped into two different categories: 1) Simple correction 2) Complex correction A simple correction has one pattern only. This pattern is called a Zig-Zag correction. A Zig-Zag correction is a 3-wave pattern. The Wave A of a Zig-Zag correction always has a 5-wave pattern. In the other two types of...
Many people trashed me and called me rainbow man when I did something like this for Tesla and NIO. Now I'm asking them who was right??? If you can not understand something it doesn't mean it is wrong..!!!
In the next 10 days it is more likely that Bitcoin moves toward 50k than breaking the resistance level and closing above 62k. Tighten up your stop loss ..!
In the past 3 days, VIX had experienced slightly higher lows, 17.29, 17.35, and 17.37 respectively..! As you see in the chart, VIX usually experiences a consolidation pattern before it shoots up..! In the below charts we see early signs of exhaustion in the major indexes after the recent rally (last 4 weeks).
I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality...
I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality...