genxinvesting

genxinvesting

We continue to see ugly real economic data resulted from the COVID-19 crisis. The unemployment number for April increased to 26 million and global economy experienced the collapse of business activity (Based on the latest PMI number). The expectation of GDP is trending down with record level global debt. We failed to recognize the bull wedge pattern in our last...

genxinvesting

Based on the weekly chart and current state of the economy, we are seeing a potential downward movement of the BTC toward 200 weeks moving average. Based on the current macroeconomic, we are very bullish about the long-term prospect of bitcoin. That is why we like to protect our position bitcoin during the downturn and take advantage of the buying opportunity....

genxinvesting Updated 

In the beginning of the year, the S&P 500 experience extreme emotional volatility due to the COVIC-19 epidemic. The market rallied based on the quick action from the fed to stimulate the economy by providing liquidity into the market. Based on market psychology, we are seeing the state of complacency. However, we believe the confidence will quickly change as...

genxinvesting

We are seeing speculative movement again in the TSLA stock. The overall market had a positive reaction to the Stimulus package and infinite QE. However, we are going to see the actual result of COVIC-19 and the employment report in early May. The demand for high-end/high tech electric vehicles is going to suffer for the remainder of the year and Tesla responded by...

genxinvesting Updated 

TSLA experienced a parabolic bullish movement making a lot of bullish investors happy and attracting many speculative investors in the field. The news outlet and social media are filled with euphoric comments. We are looking to capitalize on greed and speculative movement. Please share your thoughts! Let us analyze, learn and trade! GenInvesting

genxinvesting

Currently, the global market is experiencing correction due to trader's/investor's fear of the economic outlook with COVID-9 outbreak. The US stock market is about to enter bear market ending record long bull market since 2009. The central bank around the world is responding to the market correction by cutting interest rates and preparing for stimulation package...

genxinvesting

Silver has been behind the gold bull market movement. Based on the technical analysis and current market environment, we are seeing a bullish opportunity for precious metal and especially silver. Let us analyze, learn and trade! GenInvesting

genxinvesting

As a trader, it is important to manage risk and hedge your position. Based on my previous BTC 2020 post, I am overall bullish about BTC going into 2020. However, previously BTC showed downward pressure at the beginning of the year and the chart is showing a potential negative price action risk. The short position to the critical support levels is a great way to...

genxinvesting

As we are headed into the year 2020, BTC price action is showing potential bullish reversal from the previous support level. If the support level holds and the bullish trend continues, we can expect to see 5 digit evaluation of BTC price. Let us analyze, learn and trade! Gen Investing

genxinvesting

With the trade tension and global economic slowdown, the S&P 500 keep testing the 200 days EMA. Looks like S&P 500 is running out of steam going into Q4 2019. This is a great opportunity to capitalize on a potential breach of 200 days EMA. Happy Trading! Andy

genxinvesting

We have experienced a parabolic bullish movement for BTC and broke a critical resistance level at $8,600. Based on the Fibonacci retracement level, the BTC will continue the bullish trend until the next critical levels at $10,000 or $11,900. 1) $9,000 is an exciting level for the BTC community (Over nine thousand!!!) 2) $10,000 is an exciting level for the media...

genxinvesting

Are we entering into the next bull run for bitcoin? The recent price rally was a nice relief for bitcoin investors and believers. This also indicates a potential opportunity to take profit. Based on the Fibonacci Retracement level, we are expecting a correction to $4,400 level which is a nice level to accumulate your position and potentially more around...

genxinvesting Updated 

Based on the fundamental and technical analysis of the gold market, I am still seeing a bullish view on the gold price. Check out our Gen TradeView - GLD Analysis www.youtube.com Let me know what you think! I truly believe I can learn and grow from constructive criticism. Happy Trading! Andy

genxinvesting Updated 

Based on the fundamental and technical analysis of the bitcoin, I am seeing a potential long position after the breakout of triangle formation. Check out our GenX TradeView - BTC Analysis bit.ly Happy Trading! Andy

genxinvesting Updated 

I stand corrected on my previous view on the S&P 500 being in the Elliott Wave downturn correction. However, looking at the fundamental and technical side of the S&P 500, I am still seeing a downward correction. Check out our Gen TradeView - S&P 500 Analysis www.youtube.com Let me know what you think! I truly believe I can learn and grow from the constructive...

genxinvesting

The general public will find this idea crazy... When Fibonacci level for price and time is applied with Elliott wave theory, I keep coming to the same conclusion that we are in a major correction for the S&P 500. The chart was initially created early January 2018 and I hasten to share the result due to the fear of being wrong. I want to share it with the...

genxinvesting

The Russell 2000 tends to make faster and more drastic move compared to the larger US equity index such as S&P 500 and Dow. Based on the technical analysis, the market expects to retest the low and potentially retrace to the 0.618 fibonacci level in coming weeks. The risk and reward ratio is showing good trade opportunity. It will be interesting to see how the...

genxinvesting Updated 

The equity market had a bullish run today with a strong number on job number and positive comment from Fed Chairman. The positive sentiment is already baked into the market and sign of weakness is showing in technical analysis. Based on the Technical Analysis, the market is expected to continue the bear market trend and retest 2016 high. The GenXInvesting strategy...