ELLIOT WAVE FALSE BREAKOUT - SHORT OUT WALLSTREET False pump on hype, no financial backing plus technical retracement in bound. Get in short leverage.
This is my analysis based on retracements. Bull for a few days/fews
BTC convergence - neutral until test. More bearish still due to incorrect evaluation of commod.
Retracement based on Fibonacci golden ratio and trend harmony.
As you can see in the chart posted, BTC bounces perfectly off of the golden ratio retracement from the major previous high/low swing. This shows the beauty/synchronicity of the Fibonacci pattern.
Underestimated previous confluence area, but HODL because RUT finally dropping and will hit lower lows. Look at current trend and it is obvious that history will most likely repeat itself. Sell when RUT RSI hits below 30. Do not hold too long or will get burnt. Bearish Gartley proving to be correct and trend will very likely continue down much further for following day(s)
Hit golden Fibonacci ratio, RSI hit undersold, and MACD swinging bull. easy 20%+
gann fann analysis with fibonacci circles. look at outlined for key levels. will drop in following day(s).
If it uses the red line as support, then bull. If not, wave 5 is probably complete and look for retracement levels. If bull, look at the rectangular outlines for long exits/short entries.
Looks like it still needs to run up another wave until I'm bearish. Elliot wave theory!
The current market is only held up by 0% interest and stimulus checks. The fed can only pump so much. The market is showing RSI overbought, macd inflated, and volume is lowest this year in the last 3 days. ECONOMIC COLLAPSE OTW
In new channel, looking for it to go up much higher in next weeks/days. May get leap options with low theta burn if I want.
MAKE MONEY ON SWINGS
The S&P has just reached high territory on the RSI. As seen in my graphic, the last time it hit these levels on the RSI it retraced at least 8% for multiple days. TAKE PROFITS/SHORT IMO. I'm shorting this stuff hard!
Using Fibonacci trend to predict future price point. Leave thoughts and comments below.