Researche in desctiptionTheory of Rational Bubbles:
www.jstor.org
Testing for Multiple Bubbles:
korora.econ.yale.edu
Read
XRP update! MUST READ! Hey everyone!
Hope you are all staying safe. I would like to begin by saying DAMN MAN FR where did the love go?
Anyways, I still would like to provide content of which I believe can genuinely help whoever is looking to grow in trading.
After taking a look at the first RIPPLE VS SEC court session, it was evident to me that this case may be over sooner than expected. First I would like to speak on the perspective of the SEC and basing it on the fact that they are looking to focus on the marketing enacted by RIPPLE over the sales of XRP. This is quite unusual as if they were to have a stronger case, they would have focused on the contracting aspect of the sales of XRP but seems there incapable of providing that as evidence to the court. In my opinion, this seems to me that the SEC is going after who is able to sell XRP and how are those "sales" being enacted. With this being said, I believe it is the question the SEC is asking the judge for regulatory clarity for they are not pleading for exposure of fraudulent activity nor will the penalties include jail time. The SEC did heavily condemn the actions of Garlinghouse, Larsen and company. The judge did mention the currency in both terms, currency and security and this this not mean anything as judges are to be impartial. There was more to be said on the half of the defendants than the SEC, I believe the explanations of the defendants gave the Judge a lot more to think about than the SEC which seemed to have a lack of strong foundation other than a speaking on to the events of 2013. Ripple was apparently approached by the SEC in the past regarding the sales of XRP. My question is if they knew that this was not a currency but a security, why not do your job then? During those years, how many warnings of statements did the SEC issue to Ripple either publicly or privately. The timing of this lawsuit needs is impacting the current PERFORMANCE of XRP and we have SEEN this.
In my opinion this is the reason why XRP has suffered a correction based on the uncertainty of the outcome this case in the US and as I said in my previous report XRP will range at the 0.50-0.60USD!. This correction has brought an opportunity for retail and institution investors to accumulate XRP and a very low price however, it is the regulatory unclarity that is stopping or slowing down the institutions from buying XRP. Therefore, I believe with that once this case has been resolved in such a dominant market like the US, the world will follow as it usually does in a economic manner.
I believe that we are building structures to the 0.60-0.70 and this level will play as a "determiner" level, meaning that if we are to break above this level we just may be able to the same peak levels we have seen back in 2017.
***I am not a financial advisor nor am I legal counsel however, I do believe the content I provide can genuinely help those who are looking to grow in the aspect of trading. I advise you all to DYOR always!***
SEND THAT LOVE BACK!!!!
dji58557 before 2027. Then back to 7324 and won't make a new high for the next 25 years. Next 50+ year bull will go up to 212696
YoungShkreli is up $2000/BTC short and has something to say...Hey guys, YoungShkreli here
Anyone who listened to me (like me) is up 25% USD and 50% BTC at the moment. I'm not mad at those who didn't listen, just remember this next time you ignore me...
I am expecting bitcoin to bounce at some point in the near future, make sure you follow me to know when you should go long. The next trade will be similarly successful to this one. Why? Because I am a big move player. I do not try to guess where the market is going tomorrow and with what magnitude, I can not do that well. What I can do is tell you whether or not with, very high probability and limited risk, when a decent move is coming. I do not try to predict at what price or what day. I go by a strategy. There is an art and a science to trading. The art is telling me we will want to be long soon. The science is telling me that time is not now. That's all I can say today. This is not a call to action. This is a warning: be prepared to read my next posts, it could make you a ton of money.
If my posts help you, please like my work and follow me, it will help us both.
-YoungShkreli
MSFT is having a healthy retracementLet’s start with feeding the bears. Microsoft stock might retrace further. On Friday it was slowing down near a support cluster near the 92.00 level, and closed the session below the monthly PP, standing exactly at the support line of the junior channel up pattern (black lines). That support lies there alone and passing that would feed the bears.
Meanwhile, the healthiness of the market “drop” “nosedive” “plummeting” (as CNBC and other “experts” (click baiters) call it) can be observed while doing the charting with the most basic tools – channels.
Let’s begin by going in from the larger timeframes (I have the chart set on hourly, zoom out). The expectations of big earnings from MSFT caused the pair to break the previously most dominant ascending channel pattern (yellow lines below the stock price). The whole event occurred in the borders of a new dominant channel (blue lines).
So….Further one needs to zoom in to see that the last quarter saw the stock surge, which followed the MSFT earning beat in late October (cool jump btw, much money wow so wow!). The consolidation, which followed the earnings eventually revealed the medium scale ascending pattern (purple lines), which is guiding the pair to the upper trend line of the dominant trend.
In that pattern we have another one (seriously this is the last one).
The black lines represent the junior pattern, which is a result of the whole sentiment that surrounded the Trump’s tax reform starting from December until what we had last week. (Ok, I am getting bored of writing at this point).
The stock price will face the support of the junior pattern first thing on Monday. If it finds support in it and moves past the monthly PP, the levels above the 100 will be the next target (btw, the word on twitter is that some group of analysts, handling loads of cash are being long until those levels, as they changed their price target and announced it,but there are buts to such news...).
If the price drops below the black support, watch for a rebound. The rebound might begin at any level as low as 88.40 ( when the bears have been fed). However, I presume that the purple support would provide the eventual push upwards. In that case scenario the same targets of above 100 levels would be aimed at.
P.S. Remember that large fundamental changes mostly break patterns, so use proper risk management and don’t go long all in like a total “expert.” If Trump does one of his stunts against the markets, we might have just that. (Yes I am refering to that memo and the whole FBI investigation thing.)
Yours sincerely,
Y
7.28.17 | BANK | Falling Wedge back to ResistanceBANK index: There is an enormous Adam and Eve double top forming inside the sideways channel. This may suggest that price is going to fall back to support. However there has been a lot of bearish divergence over the past two weeks and a corrective move bullish may push price into a breakout out of the sideways channel diverging from the bearish double top. As it stands right now price is in a very tight falling wedge at a major support zone which also is at the neckline for the double top. At the very least I expect price to breakout of the falling wedge to form the pull-back for the double top and anything more from this will be a corrective rally back to resistance and possibly through it. One thing to watch out for is capital moving out of the financial sector as APPL reports their earnings next week. There is a little bearish press in the market for Bank stocks right now but this may only reinforce the resistance of the channel it may not cause price to collapse completely. Again my expectations are a bullish pull-back to a rally back to resistance starting on Monday. Any bearish divergent price action and I will revisit the Adam and Eve Double top.
7.30.17 | AAL | Falling Wedge Break OutAAL looks like it has slightly diverged from its bullish breakout of a falling wedge. None the less Friday did close with a large bullish candle after a huge gap down divergent to the falling wedge pattern. Price has been trading with the support of accelerating fan lines and may have an overall target back to the lower support line. However oil this week looks like it is going to retrace out of a Rising Wedge which is going to be bullish for the Airlines. Also signaling a bullish retracement is the Stochastic Oscillator which has crossed over and trending out of Oversold as well as the Sentiment Zone Oscillator which has also bounced from Oversold and trending to break resistance of the 0 line. Confirmation of a breakout will be a bullish close on Monday, and increasing volume which is already on the rise as seen with the dashed trendline. The first target is drawn on the 31.8% line at about $31.50 | Place your stop just outside daily volatility or use the 8 EMA and place it just outside of that.
7.30.17 | DAL | Falling Wedge BreakoutDAL just like AAL looks like it is ready to breakout out bullish from a falling wedge. Price is oversold on Stochastic's and the Sentiment Zone with the RVGI crossing over bullish. The first target is on the 31.8% line at about $51.97 which should be hit by Thursday or Friday. Use your 8 EMA or daily volatility to place your stop.
7.30.17 | BAC | Falling Wedge Breakout BAC is running into a major support line as well as nearing the support of the Upward Channel Price has been trading in for the past few months. The Falling Wedge is tightened up and will not fit another day of volatility in it. Stochastic's is in a long term up trend, the Stochastic's RSI is trending out of oversold and the Sentiment Zone Oscillator is going to makes it's bounce off oversold. I am speculating a minor trend bullish breakout at the beginning of the week and a possible rally to the resistance zone at the top of the range for a corrective move based on the bullish divergence the Bank Stocks have had for the past two weeks. There is some bearish press in the News right now but with Warren Buffet recently becoming the largest shareholder of BAC I do not see a bearish outcome for this particular Stock.
8.2.17 | BAC | Target 1 at around $24.90BAC | Going into the market for 8.2.17 price has already traded to Gap up above a major resistance line and currently is at $24.49 at the close on 8.1.17, indicating a rally. Price has broken the confluence between the Fibonacci Retracement and Fibonacci Extension tool, indicating a further rally. It has also broken the 61.8% line on the Fibonacci Retracement which is indicating that price is going to continue to trade higher. I have a Target set at about $24.90 at the top of the Fibonacci Retracement (100% Line) use daily volatility to set your stop or if price starts to trade too far below the trendline, which has been drawn directing the bullish move.
8.6.17 | INTC | Short Trade breaking out of a Rising WedgeINTC | Price has formed a rising wedge and has already began breaking out. Sellers have had control of the market for the past two trading sessions closing each day bearish, which is the indication the bearish breakout of the rising wedge has started. A large inverted Head+Shoulders pattern (grey) is forming as an underlying pattern to the breakout on the falling wedge. The first target of the selloff is the .382% line and the second target is the .5% line. It is doubtful that price will close below the .5% line, however if it does there is a major support line that price will pivot on and reverse to complete the form of the right shoulder on the inverted Head+Shoulders pattern. It is highly recommended to tighten your stop at the second target. The MACD has started to indicate a pull back to its signal line, Stochastics RSI is starting to tick out of Overbought, and the Awesome Accelerator has already started selling back to the zero line. Enter on mondays open, and if you're using stop's set it using daily volatility and the 8EMA.
