Alot of people are saying sell and calling tops and some are waiting for entries. That's why I love the market, you have bears and bulls both have valid points. But I'm a bull. If you are bearish against NASDAQ:NVDA , ill explain like I did in my latest post. You are betting the chip war gets very big and china stops manufacturing metals iPhone stops chips...
I see a lot of ideas of people trying to call or time the top on something they think is "over-bought" on irrelevant momentum indicators such as RSI. Momentum indicators are just that, if it has momentum its going to have a high reading but doesn't at all means it needs to come down. Or they pull up the monthly/weekly chart and say there is no way it can keep...
If you refer to crypto currencies as actual "crypto companies", you will then see the value stored in them is purely ran from speculative observation. We as a society need a universal digital currency but I do not think it will be one of these "companies". A stable coin is what the central banks will like which aren't either inflationary or...
Price for the futures has been consolidating above the previous high, from the current fall we experienced after the very tall COVID-19 rebound. A much needed pullback was needed considering we came off the bottom of March extremely fast. We are still in an overall uptrend, confirming that with price not falling below the $300 level with the...
Bitcoin has been in a bear market for the later half of this year and we shouldn't expect any turn around to higher points until we break free from this downtrend currently made. It currently just bounced off of the bottom trend line. Follow me. I post dope shit and don't type out 8 page essays. Bitcoin is a en extremely speculative market and no one I don't...
WEEKLY TREND! LOOK BELOW FOR SMALLER TIMEFRAMES! UPDATES!
WEEKLY TREND!! INSIDE THE YELLOW! SMALLER TIMEFRAMES BELOW!!
WEEKLY TREND! LOOK BELOW FOR UPDATES! SMALLER TIMEFRAMES!
Finally broke the support, have been waiting for this break for it to have a healthy pull back towards the $7500-$8000 level. A healthy pullback on the weekly, everyone tends to just look at daily charts and lower and not realizing it was super extended on the weekly chart. Not getting too worried about this until it goes through the bottom trendline, then we...
All fundamentals aside. Like last time bitcoin was in full run towards 20k (which people thought would continually go forever) is a very similiar case here. People just look at daily and 4HR charts they don't step back and review that it is in desperate need of a serious pullback on the weekly chart. Just like bitcoin flew through the moon allowing speculation for...
The Pound against the Yen is at a super key support level and if price remains where it is right now (or higher) at the end of the week it will form a beautiful tweezer bottom. I have selected two major levels it could potentially reach back towards, if not all the way at least touch one of the EMAs it has been off of for awhile. Definitely have a long...
Bitcoin has been flying to the moon as we know, just as familiar as when it was on its way 20k. Not a single pullback in sight on a daily or weekly, and the higher something goes up without some sort of retracement/pullback the lower it falls as the what you see on a weekly from when BTC hit 20k. I would like to see one soon if we go straight to the 20k again I...
The Euro hasn't broken a previous high in over a year and this past week the Euro flew through the previous high and is right at the high before that, looking strong to do the same. The Euro has a negative correlation with the Dollar and the Dollar looks extremely weak especially after this past NFP was not good at all. I have marked a current range we could go...
Please go through my history of posts! They have alll been very accurate! Thanks!
Found resistance, now it should come back towards the purple trendline! Follow me! I previously posted a Bitcoin update Monday, check it out!!