Regarding the halvening, below are my biases: 1) The Golden Ratio Macro MA's hold. We might come close to the grey MA, like in Jan 2015, but will never truly break it. 2) The halvening pattern holds. Entering into the next halvening cycle, we could test the bottom again below the orange MA, but will never truly break it, and we will ride it until we top (possibly...
Bullish View The entire correction we are going through might have just been a bull flag outlined in orange. Anywhere along the lower trend lines of the green/orange/yellow shapes could be a good place to establish a long position. Bearish View We break below the consolidation range in late 2018, might test the $5k range or even wick at $3k to make a giant...
Stacking bids from 0.5 retracement of the recent mini-rally, down to the lower border of triangle. Will capitulate at the SL area in the chart and follow the uptrend should it happens later.
This is purely a speculation based on chart similarities between the current and previous market cycles. We will have to see how the market catalysts settle (Trade War, One Belt One Road, Made In China 2025, etc) and how they move the ticks. Exciting times!
Not much of a trading idea at this moment, but there's never been a lack of drama when it comes to the FB stock. The recent rally can pretty much be an over stretch fueled by Libra, and there's just too much to be considered Achilles' heel for Facebook- privacy concerns, legal status of the Libra currency, growth outlook, etc. Will likely speculate a correction...
Here comes a wave pattern that's extremely similar to the one we've just had (on the left). Planning to short around 2.618 fib extension and buy back at 0.618 retracement of the preceding actionary wave. Otherwise would wait for a confirmation of retracement.
Multiple 1D moving averages crossing each other indicating strong momentum for a drastic price change. Given we've already touched the fib 0.618 bottom from the great peak in 2018, hopefully this time we can pass fib 1.0 and go for 1.68.