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Ugly invh&s on XRPUSD already breaking above the necklineEven though this already now has a sizable candle breaching the neckline of this inv h&s pattern, we must remember that even bigger breaks above invh&snecklines in the past have still found a way to dip back below the neckline, and this candle currently has a decent top wick goin on it as XRP often likes to pull after a pump, so we haven’t validated the breakout of this pattern just yet. However, wanted to post a new updated version of this pattern to show that if we were to validate the breakout here which is a little earlier than where. Arbitrarily placed the measured move line of the breakout on the previous version of this chart, the target would then be slightly higher taking us to around 93-94 cents. Again, no guarantee we won’t find a way to dip back below the neckline here in which case I will ahve to readjust the measured mvoe line lower again but I still out of excitement wanted to post this update considering XRP has been playing it coy the ast few days that bitcoin has been pumping. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
Ugly invh&s on XRPUSD already breaking above the necklineEven though this already now has a sizable candle breaching the neckline of this inv h&s pattern, we must remember that even bigger breaks above invh&snecklines in the past have still found a way to dip back below the neckline, and this candle currently has a decent top wick goin on it as XRP often likes to pull after a pump, so we haven’t validated the breakout of this pattern just yet. However, wanted to post a new updated version of this pattern to show that if we were to validate the breakout here which is a little earlier than where. Arbitrarily placed the measured move line of the breakout on the previous version of this chart, the target would then be slightly higher taking us to around 93-94 cents. Again, no guarantee we won’t find a way to dip back below the neckline here in which case I will ahve to readjust the measured mvoe line lower again but I still out of excitement wanted to post this update considering XRP has been playing it coy the ast few days that bitcoin has been pumping. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
Bearish Markets for next 24 months.This idea is based on a recent Kitco News Interview with Harry Dent. If are not familiar with Harry, he is an Contrarian Investor and Author. I have respected Harry's opinion, and more times than not, he is on the money. Pun intended. From this interview I put together a chart of the S&P 500 with an attempt to convey his forecasts. He is forecasting an everything bubble burst, and it going to get ugly over the next 24 months. Even Gold wont be a safe haven. Forecasting Bitcoin to hit a low of $3000. He suggest long term treasury bonds might be the only place to be when it gets ugly. Buckle up kids, the long term BULL market has officially ended. Its Bear season now! I put up my trusty fib overlay. If SP500 breaks that the typically strong 61.8 fib resistance, it will likely keeping falling to a full 100 or 110% retracement, based on my interpretation of Harrys Comments. We should begin to see a once in a generation buy zone in late 2024 or early 2025. Until then, go cash, BOND, or short the market. Harry Suggested Credit Investments, which I assume he means banking, credit card and credit industry stocks, and Bonds. He did specifically name 35 year Treasury bonds as an example. The US economy has been artificially pumped up using the magic of printing currency, trillions of dollars in fact. Which means the dollar has been watered down significantly. History has shown many time over, that this strategy will always eventually fail, 100% of the time! It always ends badly with high inflation, supply issues, countries begin to become very polarized in political opinions, and no one is willing to meet in the middle. The US economy has not been that great, but using smoke and mirrors, and a running the printing presses non-stop, has made it seem otherwise. Eventually it all works it self back to the median. Time to let go of your bullish sentiment and rethink were all the markets and economies are now heading. Time to get ahead of this.
FRED:SP500Short
by 4XRandalll
4
$MSTR Bounce to ShortNatural covering/buyers here. Could see the lows get taken out and get shorts really worked up and emotional only to squeeze them out back to low $400s where quarterly vwap sits and is curling down. Would be a perfect way to trap new longs and also shake out the shorts looking to freeload and ride the momentum downwards. Some of this depends on BTC spot, some depends on the Q's and where the FOMC decision takes us tomorrow. IMO not a good company, pretty ugly balance sheet and I wouldn't be shocked to see this eventually go much much lower. As with intraday movements on anything tradeable, when price keeps probing lows and highs it doesn't not usually do so to bounce/reject like many retail is taught to buy/short at similar levels. It creeps around these levels to BREAK them even if momentarily, get everyone off sides and THEN make the real move up or down. Good luck.
NASDAQ:MSTRShort
by Todoubled23
ICP - the ugliest selloff in crypto history is now a good buyIt came out of nowhere. Internet Computer or ICP. 57 billion market cap, which is equal to the market cap of Ripple current #7. The ugliest selloff, not a single investor/speculator made the big money with longing ICP. I understand the mistrust of this coin, the anger, the pain it caused with its brutal downfall. But now the last cycle of the bull run, the alt season got started by Shiba Inu. And same as in 2017 there won't be losers, there will be starters and laggers. The chart looks like Bitcoin Cash 2017, a selloff with a subsequent surge of 1000% I have no specific time prediction when, but ICP will make buyers in the 50$ area very happy until the market crumbles in a spectacular fashion. Will it hit a new ATH? Likely, but me for my part gonna sell with solid 500-600% gains. Make your own opinion, no financial advice. Bulls Make Money, Bears Make Money, Pigs Get Slaughtered. Bulls buy when prices are low. Bears will short when prices are high. Pigs buy when prices are high.
BINANCE:ICPUSDLong
by IAAFMM
11
Walmart -WMT -Oversold & Valuation Compelling at 0.50x's SalesWalmart has bottomed consistently at 0.50x's Sales since late 2012, with each swoon holding perfectly at that level. Given the size of Walmart and the breadth of shareholders and analyst coverage, it is logical that investors have stepped in and defined a specific level of valuation for which they will continue to buy shares. I have done this analysis in GM shares too. Look for the link below. On Friday, I published a chart, but without going into the specifics of this 0.50 level of PSR, so I am producing this chart again with this additional detail. The ENTRY here is right in the middle between the upside target of 0.55x's sales and the base at 0.50x's sales. Therefore, the risk is equal to the reward. But what would make you want to take even odds is that the probability of reaching the target is greater than reaching the support. Why? Because the chart has been coming down steadily and the overall market, as measured by the S&P500, has gone on back to the all time highs. There is a divergence here that spells an opportunity. I love to buy technically ugly and oversold charts when the valuation is compelling. The stop loss I listed before would have had you selling right at the key 0.50x's sales level, which isn't logical, so I am amending that and I would suggest adding to this position with a stop at 72-71 instead of at 75. The trade becomes more and more interesting as the price drops to the $75 level because the upside becomes 10% instead of 5% and the risk remains low. Earnings are due on 5/19 and that may raise the level where the 0.50x's PSR level is, so pay attention closely this coming week. All the best, Tim Saturday 10:49AM EST, May 16, 2015 WMT 79.24 last.
NYSE:WMTLong
by timwest
5