What you're witnessing is a projection into the future. The possibility of massive gains if so you choose.
So here's my idea for what I see as a draw down of this rally. Thoughts, and ideas. 1. We've watched the bounce from the massive bear rally that constituted all of 2018, and most of 2019. 2. The momentum has faded and traders are wondering if it's straight to 100k from here. (Hint: it isn't happening and wont, YET!) 3. This will get very ugly before what I...
So here we are almost near the end of consensus 2018, and the situation is looking rather grim from my perspective. We've now had a run-up to 10k and denied, hit 9500 and denied, hit 9k and denied - now we're at 9200ish at the point of writing this and I cannot see a situation in which any of this is bullish. The market has taken multiple sustained hits and hasn't...
This is my first long buy recommendation for a trade. 155-220 possibly. My biggest points are that it will coincide with a rise in Bitcoin and the Godmode 3.1 indicator which is extremely bullish in my humble opinion. This seems to be a bounce point for both resistance and support, if it holds then 220 is possible, and if not it's going to more then likely cascade...
So to begin I don't trade stocks, I trade cryptos exclusively. One of the indicators I use is the stock indexes of the major markets just to get an idea for what the larger market at whole is thinking and looking at the US30USD chart today I noticed something that is spectacular. The DJI is making what looks like the exact same move bitcoin made it's late...
This is how I see the next two weeks playing out. (+1 day) All comments are welcome. Roast me or praise me this is my first ever chart. The text is humor nothing more nothing less.