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Wtfisthis

Possibilities/Is this supercycle DED>?We broke the down trend unexpectedly, was hoping for a rebuy at 30k sometimes you don't win them all. So we can assume the accumulation is around 33k-35k. Resistance level is from 45-47k a daily close over these positions would indicate we have enough momentum to continue into a newly emerged paradigm, an accepted positive paradigm and the super cycle with no more 80-87% draw downs off ATH 1.5 yrs from the "halvening". Getting there: First we must break 47k but it is not that simple because at that point we would be in the Ichi cloud on the daily candles and when your in the cloud the basic strategy is that is a no trade zone because volatility is usually extremely high. This we rekt shorts and longs, there is no upside to this trade as it is kinda a "dark tunnel" you don't know where you'll be when you exit it. The are a lot of wave analysis going on the charts are to clean and not taking into account the bumpy road getting to those upper levels. Also keep an eye on the RSI and the MACD as some of there levels are being stretched thin. Bear possibility: This could be a last wave of a bull cycle most likely pushing into the cloud but not able to close above, in this case we could see 20s easily. Lets pray we are not winding up for the smash onto support. Though unlikely as we have seen a double top, I have never seen a wave after a double top. Conclusion, If bitcoin goes up they all go up..... lets just hope for that. A lot of VCs and Hedge funds are entering the space aswell as nation states, this could be the year the supercycle fails. Lets go with that..... "Just one trade could get my wife and kids back." -Kewlkat
BITSTAMP:BTCUSD
by kewlkat
I think I'm crazy part IIDid a detailed analysis on the hourly chart of some pretty crazy similarities exactly almost a year ago down to similar price action only 1-5 days apart. Goes to show if you don't have a larger perspective anyone can be caught up in the clouds and not see the F****** world below. Zoomed out on the daily and what a view. We have similar impulse waves that in the beginning are about month apart, then end of wave 5 they are both 2 days apart. Time frame for first wedge puts the beginning to break down of wedge at 200 days. Time frame for 2021 at 199 days is Friday, March 26. We have similar movement in RSI in relation to where we are now and other highlighted circle in 2020. Parallel dotted trend lines in RSI shows they are exactly same levels. That's all folks, www.bloomberg.com
CME_MINI:ES1!
by moonman777
4
What is happeningCan we just take a second and look at this chart? What the hell is the valuation of the stock market built on? Magic?? US Reports its highest daily covid cases ever - stocks go up. Biden most likely will win the election, causing policy changes including increases in taxes, yet once again - stocks go up. Now look at how the S&P went up this week as well. Not a gradual climb like the past 2 run ups, just straight up 3% jumps on open ever day. What is fueling this? The election? An election where the person winning is going to have a negative impact on the stock market? Craziness. And right now we are seeing the S&P trying to break out of its pennant. The whole country is going to shit but guess what, stocks are going up. What good news is fueling this move? LITERALLY NOTHING. But I guess the saying is true, "Stonks only go up". This is fucking ridiculous, imo. Lost my ass buying SDS calls this week. I just don't get why its going up, there's nothing good to fuel its run up, yet its running up harder than ever. WOW
AMEX:SPYShort
by schwaebetech
1