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Yea and regarding this stock I don't think these markets obey charts as the manipulation drove us down it will pop us up, it's just too bad we couldn't start this day on a good ETH footing.
but I do agree with you SK 100% and maybe the government shutdown has a little to do with it though I would think that may help cryptos in a way
i agree that's the catalyst but the charts already said something was going to happen, if that didn't happen something else would have that would have been matched to it. When markets are over inflated participants, to their own demise, look for a catalyst knowing innately that one is needed to correct them, this market is not immune to 5 wave impulses and 3 wave corrections, Elliott waves apply to all supply and demand based markets. If SK didn't happen something else would have forced this, we were already in a correction I believe this is the last leg
you seem to have forgotten one thing, irrational 1990 tech style exuberance with 15 million videos of dred headed overnight wall street traders have forced an inflation in values this correction was coming one way or another, tag that as a catalyst that will work but a wind could have blown that disaster over, it's good though now we can level off nothing rises forever and what goes up must come down with the same force and proportionate magnitude that it went up at.
That’s what happens when you have a mass of idiots buying into something on fear of missing out they should be down by more then that
We need a push past 10.92 and we should be to the moon from there imo that’s the previous .382 supper and other supppet levels too reg sho violation based trades pushed us past the .764 fib level but since it was manipulation I think we will correct back up to atleast that level fairly quickly you can see a doji close last week as a sign wouldn’t be surprised if we gap up
Do you want to know my opinion considering the psychology behind it I believe that they will cover soon because As people cover it’s going to drive the price up so they’re going to want to cover early in order to get the artificially deflated price that we are at now so we may see a pop sooner than later it would be stupid to wait to cover the 13 days I think they’re going to go out at it like savage dogs for a dog treat
That’s insane they give them 13 days kind of shit is that
Just wait day young
My prediction is me close up 20 to 30%
Thanks yes I’m just sick of institutional treating retail like pawns with their tricks
don't let them feel like you got a deal until we are above .20, like when they jack gas prices up by $1 it makes those little $.05 discounts seem great...they dropped us from .18 don't let even a 100-200% gain make you feel like it' s a great deal, market makers are baters just let the long ride
need to clear .08
that's what happens when you are an agency market maker you just care about the spread not the direction, imo, unless they are prop trading if they are simply taking order flow i'd imagine they make money on both sides
didn't we get our runup last friday? hmm
we will see i have a feeling about today may get a pop we need to clear the daily moving averages we broke below but having the .76 fib level there may help us,
by the way I left out intraday extremes for my Fibonacci endpoints, i think bodies or closes are more reliable due to the manipulative nature of this market
for what it's worth, here's a weekly chart showing the big drop, though painful, being supported in a few different way's technically https://drive.google.com/open?id=1dWPrlZyvkHJYrmzFaPBFVTsUb90Wla7c
I agree, yea that makes sense, probably because they know stops are just beyond support levels, they give them that push, it creates another sell, fuels the market lower, allowing for them to cover lower, manipulation at best
My personal issue is I could use these tools for the small cap higher than average beta (>2-2.2) stocks like crbp and make 10-30% weekly or monthly swing trades but it’s dicipline that’s tough knowing that there are all these too the mooners on the otcbb and alts but then mytools are rendered useless it’s truly a battle personally because I am not as good with due dilligance more of a visual technical ambidextrously right left brained person Not a full on left brainer
Correction paragraph 4 “with a break above 8.15-8.30 “ not 9.30
As a chart person I’ll say I can’t even tell because chart tools are reliable under the assumption of an efficient and non manipulated market, the larger the capitalization the more reliable as manipulation in markets like fx spot trading turn over 20 trillion a day, unless you have the capitalization of a central bank or collusion of them they can’t be manipulated
Cryptos plot nicely too though only he majors, I run into the same chart issues with alts. Momentum indicators, Fibonacci ratios all those work because they are patterns based on mass psychology not manipulation of a few.
With tfvr plotting the daily low to high the fib ratio of .68 and .76 was around the range of 5-7 cents, you will have noticed we slowed at these levels and the push right through them shows manipulation, but that bounce we got yesterday around 5 cents was off or close to the last fib level if we had a bounce like that on a regular stock the markets through their amazing and natural activity would have built up unadulterated momentum..
I watch crbp and I called the entry after a consolidation of a daily wave 4 upward sloping trend line running from the .618-.382 fib level around 8.40-8.05 with a break today above 8.15-9.30 we now hit resistance but I call a possible channeling of that stock tomorrow and a break above 8.45-8.50 will take us towards my 10-10.36 resistance.
Same with even cnet, we retraced today and I feel we will gap up as we hit another fib level and if we open low I think it will be short lived, coincidentally the pattern is similar with my target just above 10 based on fib extensions
On tfvr those tools become almost unusable
If you guys think it’s a scam or they are out to get your little penny’s there’s much more at stake it’s the best scam I’ve seen in a bit http://timefirevr.com
Now maybe it’s manipulation by MMs but owners have more important progressive stuff to worry about then stealing your money imo
about to go down cown
gotta love the premarket ask slaps to bate you into a buy/short scenario should have gapped up ....manipulative pricks
finally some good useful info
wmt, crbp, cvs, dg exchange traded may be better suited for that these volatile with virtually infinite betas
Is this related to the 1/5 8k effective 12/21/17 about the short term convertible dept that matures mid January?
cognitive biases, look them up may help many, it's probably best to take a few days off disconnect from the computer let it do what it does try it come back in 2 days see where it's at
76% fib level is at .05 btw
Oscillators or neutral exactly at the 61.8 percent Fibonacci retracement level or we need is volume we should break up
As long as combine we don’t drop more than 70 percent we’re good
As long as we could hold 61.8 retracement which is where were at now or in the worst case scenario I 76.2 percent retracement which is the last one I’m confident and agree with the board that this is just profit-taking and weak handed capitulation
i hope they bleed out
yea that's why these stocks are annoying I've been caught in reverse splits
if it were that simple and linear id be talking to you via my yacht with 15 half naked Venezuelan women serving my every need. I'd have a quant, preferably Asian (is that racist?) crunching numbers to make my operation seem legit.
URGENT NEWS JUST DISCOVERED THROUGH TELEPATHIC AND SPACE-TIME ASTRAL TRAVEL INSIGHT!! I was told through my guide that we will be at dollar land by Monday!!!
well going by fib retracements we are at the higher order .618 known as the golden mean or ratio as i'm sure you know, normally we don't just overcome those drops in one daily swoop but OTC has proved me wrong again and again, but if this level holds which it seems it is we should over the next few days make higher highs towards .23-.24 but i'm hoping it proves me wrong and just jumps up in one daily candle that would be great
from a technical perspective only we should have an extension that obeys (these are not liquid markets so it's an estimate) the following fib extension formula Factor*(high-low) + low or 1/.618 * (.1706-.66)+.66 give or take which is 1.618*(.1046)+.66 = .235256 which is purely technical, that should be our next resistance level under efficient market conditions
taking the prior .01 penny low to the wick high of the recent runup, which is also the next days open we are at the .681 zone at .065-.07
https://drive.google.com/open?id=117cw32OtFHwvbfg1aJ5t-M8AwTfkM1UJ