See my previous posts for more info. The pattern NEVER changes. This time is NEVER different.
See my previous charts and updates on Investor Psychology and heard mentality.
I originally posted this EW count and subsequent psychological chart on 12/6 and I've been posting them with little to no updates other than the sub wave counts. Enough people have asked for it that I thought I'd publish again. First, it's important to note that I'm analyzing from a completely neutral standpoint. I don't care if BTC goes to $1mm or $1. I'm simply...
I won't go into the fundamentals. Way to complicated to explain but I'll say the future's so bright I need a welders mask let alone sunglasses. I'm posting this strictly for the technical pattern. The H&S target the all time high. I believe once the neckline is broken, we'll see an explosive move higher followed by the pull back to retest the neckline. Once this...
I'm not long or short. just predicting market action.
I'm not long or short. just following market action
Let's try to guess what happens next :)
"buy when there's blood on the streets"
How many times will we see this pattern play out? I've been made fun of for calling such a low target price (sub $200). We are in the last phase of THE classic bubble pattern. reference tech stocks or marijuana stocks to see where we are heading. "Those who do not learn from history are doomed to repeat it"
After hitting 2 target zones I'm posting 2 more Let's see what happens. :)
An add on to my earlier post. If this bear flag completes it's pattern, it could be the bottom of a relief rally that will form the head of my inverse H&S idea.
I've been posting this chart in chat for a couple of days. Thought I'd publish.
Goggle : Stages of a bubble to learn more :)
Posted this chart a couple of days ago. there was a recent write up on seeking alpha that takes a really in-depth look at the company.
A brief update for those asking. I altered the labels and trajectory as price was discovered. :)
I originally posted this EW count on 12/6 and I've been posting it every morning in the chat with zero updates other than the sub wave counts. Enough people have asked for it that I thought I'd publish. First, it's important to note that I'm analyzing from a completely neutral standpoint. I don't care if BTC goes to $1mm or $1. I'm simply observing/ charting...
Update: the POMO is strong with this one...This is the area that will make or break the SPY. We either just completed B or we're still in A and can march higher. UTILs and JCC are the ones to watch. They'll dictate market direction moving forward. If Utilities continue their downward trend and the VIX continues the march higher, I believe this pattern will play...