They can last years, and take over a decade to recover from. Scary right? Proper portfolio, and trading management is essential for not only survival, but also being able to thrive in that environment.
Disclaimer: as always, this is not finical advice, just my opinion and analysis. I have been tracking DOGE for a while now, and my analysis has not changed. I think this could potentially go parabolic, and we just got some strong support from the technical analysis stand point. It held support, and crushed the short term, and long term resistances. It pulled...
This looks like just a normal .618 retrace. The volume was crazy low today too, only 35 million shares, compared to an average of 106 million. This was not a panic sell. I am in on it now. And there's the trend based FIB extension.
It started going parabolic before the most recent BTC surge, which means this might be independent of that. I am long on this. It's been a very long time since this broke out, and the fact that it was independent of BTC speaks to it potentially being a good independent opportunity. If this is the start of a parabolic move, it could have massive potential.
Anonymous WSB folks keep saying, HOLD. What they did here is truly remarkable, but unsustainable. The people on WSB who were telling people today to HOLD! Didn't tell them what they were holding. It's the bag. I will be paying more attention to WSB in the future, and I will likely be trading with them in the future if I get in early enough, but I am not...
If you know what that means, and where it care from, I would like to talk.
Notice anything? Parabolic moves are known across multiple different disciplines. In ecology, in reference to population growth of a species, they will go parabolic while the environment can sustain it, until it passes what is know as the "carrying capacity". At which point it will still shoot above it, until it eventually crashes below it. As reference in...
A lot of people talk about the Volatility index, the VIX. But what are we supposed do do with that information? From my best understanding, you divide the Vix by 16, and that tells you the implied move on the SPY. It doesn't tell you up, or down, it just tells you the implied move on the SPY. There are a lot of fractions off that knowledge, but it can be one...
Just a heads up. We have bearish divergence on the daily RSI. Although my previous analysis still holds true, we are officially in an uptrend (see previous posts), and still are (until/unless we break the previous higher low), this looks like it's finally going to pull back a bit, and establish a new higher low. So in the short term, I am looking for a pull...
Well, it's official. BTC, XBT, whatever you call it, has not only officially broken the downtrend, it has now officially entered an uptrend. Not only that, it has finally diverged from the larger stock market. (The stock Market has been going down the past week, and BTC has been going up This hasn't happened in a while either. This is important, because it could...
I observe this phenomenon fairly often (but not every day.) Trading view won't let me publish a chart below this time frame, but it actually happens on the one minute time frame or less. Can anyone explain what is going on here? My best hypothesis is that some whale entered into an agreement with with their broker intra day (while the market is open) to buy or...
It needs to break above 12486 to confirm an uptrend. And also not break down below the last previous higher high at 9813. I have been tracking this for a while. You can check previous Ideas if interested.
I have given my analysis in a few other posts, and they still hold true.
It's official. 2 different higher highs, and higher lows have been established. If the price goes below 10916, this uptrend will be invalidated. Does that mean it's back in a down trend? No! It would have to be proceeded by another new lower high, and another new lower low. for that to be true. But for now, BTC is officially in an uptrend.
BTC or XBT (whatever it is) finally broke out of the down trend. For the first time since June 2019, it finally achieved a higher high (not ATH, but trend based HH). Does this mean we are in an uptrend? No... we would need to establish a new Higher Low, and then an new Higher High for that to be confirmed. But at least it means it is no longer in an official...
I trade stocks and options mostly, but also some crypto. I am looking for some people to share ideas with in a private setting, away from the money market movers eyes. Looking for others to beat the system with. I am doing it regardless, but the more brains into it, the better, as long as we can still keep it secure, and out of the knowledge of the Algos, and...
Good news is, we are finally getting institutional money out of BTC. Stock market is crashing, and they are selling everything they can in hopes of not getting liquidated on the stock market. #1 being Bitcoin. Bad news is there is still one major POC hanging out there. At about 3600. BTC snapped up all the POC. on this recent dump, but there is one more hanging...