stindig
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I also see a broadening Hitachi formation on the daily
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Out of interest, where did you find this perspective/background? I’m also 40% down and hodling!
stindig
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Watch any of the mainstream YouTube crypto channels. Some have really good insight into this. Have you wondered why Elon suddenly went off Bitcoin just 3 weeks after announcing that he was accepting it as payment for Tesla’s? Blackrock are his 3rd biggest investor and missed the boat on Bitcoin. It could be a coincidence…
QQQ,Daily vs Weekly Candlestick chart published by froddy
Invesco QQQ Trust, Series 1 Candlestick chart created with TrendSpider
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Where to from here? No idea - now just waiting for Wednesday's Fibonacci timing cycle to complete ...
[/QUOTE]
If only my washing machine had its own fibonacci cycle..... This 30, 60, 90 minute routine is so passe
That's because your inputs are wrong. You'll need to use live market data. The screen shots above are clearly stills from the movie 'contact' when they first detect alien radio signals...
Froddy
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Crypto is certainly on its knees as things stand, unfortunately. Below is the daily Bitcoin/USD chart reflecting some fairly deep (short-term) technical weakness which must be overcome if there's to be any improvement. Don't think I've shown this type of chart to you guys before.
It has some different indicators, namely the VMA (variable moving average), ATR (average true range), OBV (on balance volume), ADX (average directional movement index) and DMI (directional movement index).
Chart Image
www.tradingview.com
This really gets into the guts of what’s going on under the surface AS OF TODAY. Hopefully it makes sense!
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breezer
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You have to be really careful when telling yourself stories like this in investment markets. Certainty and confidence are the enemy. Especially when you’ve made a nice narrative about a powerful enemy against a plucky good guy. Stories get you into all sorts of trouble when applied to investing.
stindig
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I completely agree, and I do think when you look at the market cap of some yet-to-be-fully functional coins, and see that they are higher than eg Vodafone, things may be overblown. It will be interesting to revisit this in a year.
Thor is down another 27% since last week, and over 11% down today!
Froddy
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Interesting!
The markets plot the emotions of their participants, and “the crowd” is emotional.
Huge volume at the Bitcoin low today - is this “capitulation” at the the low?? If so, this is where “the crowd” is left crying as they capitulate by selling (and then they watch price rally without them).
4 hour chart here:
https://www.tradingview.com/x/CDdHPHNR/
The markets plot the emotions of their participants, and “the crowd” is emotional.
Huge volume at the Bitcoin low today - is this “capitulation” at the the low?? If so, this is where “the crowd” is left crying as they capitulate by selling (and then they watch price rally without them).
4 hour chart here:
https://www.tradingview.com/x/CDdHPHNR/
Wattie
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Have u lost faith in Cardano…..u were extolling it’s virtues?
stindig
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I haven’t lost faith one bit. It’s technically the best crypto project and, although it has been live for several years, the full functionality with smart contracts is only due to launch in August this year. This will allow DeFi, NFTs and everything else, with transaction fees at a tiny fraction of Ethereum’s, and far superior speed and scalability.
Froddy
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And still he sells every day without fail! Now selling $26m worth per day …
He still owns 1.9m shares.
Froddy
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Chaps,
IFF (not a typo) seasonality is a key part of your strategy, then this week looks promising for the S&P and the Nasdaq, with an 80% probability of higher prices (data from the last 10 years). Note, however, that last week was totally inconsistent(!)
S&P:
Nasdaq:
IFF (not a typo) seasonality is a key part of your strategy, then this week looks promising for the S&P and the Nasdaq, with an 80% probability of higher prices (data from the last 10 years). Note, however, that last week was totally inconsistent(!)
S&P:
Nasdaq:
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Froddy
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Starbucks ... to the stars? They are certainly aligned here - A1 setup.
Looking very bullish to new all-time high, at the very least. But who knows?!
share.trendspider.com
Looking very bullish to new all-time high, at the very least. But who knows?!
SBUX,Daily Candlestick chart published by froddy
Starbucks Corporation Candlestick chart created with TrendSpider
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Froddy
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I agree. I'm holding only 2 bullish swing trades at the moment (Starbucks and Unilever).
I'm daytrading the rest as, when the market is this extended, it's too risky to buy and hold too much.
Strategy is to enter if price crosses the 9EMA on the 4 hour chart, and to exit when it crosses the 9EMA on the 10 min chart. There are more nuances, obvs, but the entry filter is the 4 hour chart. Example below from today:
Entry
Chart Image
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Exit:
Chart Image
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