milobowman

milobowman Updated 

This is assuming the market psychology is the same now as it was after the 2014 bubble/crash. If the market cycles in bitcoin work like this - bubbles of speculative exuberance followed by crashes and long reversals - then this is what we'll see going forward. And, in all probability, this is the single most likely scenario. It won't be exact but it is the most...

milobowman

IQ is at the top of the trading range, and just closed with a very bullish bar. It's never easy to tell the exact top of the range, but I'd call that a breakout. On the same day, KWEB was down 2.45% and MCHI was down 1.99%. IQ has been hugely outperforming the sector recently, and the price action has been very bullish. If you haven't bought it already, it's...

milobowman Updated 

Buy here. Any sensible person (institutions) looking to buy after the last spike up would be waiting for the 200 SMA and a bigger retracement than simply the bottom of that triangle we were in. I certainly was. And now, it's at a more reasonable retracement, backed by the 200SMA, and I'm finally willing to buy after waiting a few agonising months. The bearish...

milobowman Updated 

The fundamentals look great but the market disagrees... I've been bullish on this stock for a while but all good things must come to an end. You know a stock is going up when it makes higher highs and higher lows (green circles). That means it's going up. It made a lower low (red circle). That means it's not in an uptrend anymore; another way of saying it's not...

milobowman

Steady, stable growth and more to come. Aside from the tech bubble and the 2008 financial crisis, the nasdaq has followed as much of a nice steady growth rate as you could reasonably expect, and the recent years have been no exception. Remember that compound growth is exponential. That's why logarithmic charts are so important for longer time frames! Otherwise...

milobowman Updated 

When bitcoin goes down by $400, everyone freaks out. It's as if they expect it to move in a straight line. Charts look like a series of ups and downs because that's what happens during a larger movement up or down: we fluctuate. A $400 drop is nothing. This is the peak of the second shoulder in the Inverse head and shoulders. Right now, this is a great pattern...

milobowman

If you zoom out on the nasdaq price it looks like a bubble about to pop. 1. That's why we use logarithmic charts for long term stuff. All compound growth looks like that! Compound growth is exponential. Don't post your bearish stuff on tradingview if you don't understand that. 2. Look at the change in price to earnings. No significant increase. In the tech bubble...

milobowman

This is what the RSI is for. It tells you when things are oversold. Right now, it's oversold. I don't know what it'll be like 1 week from now, but it's going up in the short term.