Discombobulate1

Discombobulate1 Jul 7

Is it time to sell? In percentage terms, MicroStrategy has significantly outperformed its underlying asset, Bitcoin. It's concerning to watch Michael Saylor's FOMO (fear of missing out) into Bitcoin over the past year, as this could ultimately do more harm than good for Bitcoin. MicroStrategy's stock seems massively overvalued compared to its Bitcoin holdings. As...

Discombobulate1 Jul 7

Apple has faced prolonged downward pressure from bearish investors. Despite its best efforts and some dips, the stock has steadily maintained a baseline price of 200 USD. The flag pattern required some adjustments along its path to break out, primarily due to geopolitical issues and economic variables. Ultimately, Apple broke out to the upside in the week of June...

Discombobulate1 Updated  Jul 1

Apple has recently faced significant negative press, leading to fear and critical perceptions among investors. This situation highlights a common investment principle: buy in times of fear and sell in times of greed. As a result, I have taken a considerable long position on Apple, which I have since increased since my orginal post. The flag pattern on the stock...

Discombobulate1 Updated  Jun 24

Apple has been dealing with significant negative press recently, leading to fear and critical perceptions among investors. This situation suggests a common investment principle: in times of fear, you should buy, and in times of greed, you should sell. Consequently, I have taken a considerable long position on Apple. The flag pattern is almost complete, indicating...

Discombobulate1 Updated  Jun 23

Bitcoin has been trading horizontally since May 8th, with occasional breakouts both upward and downward. This trend is largely attributed to two factors: institutional buying and miners selling. The low trading volume on exchanges, combined with a decrease in daily trades from its recent peak in February 2024, has led to increased volatility, although these...

Discombobulate1 Jun 16

Despite Bitcoin (BTC) maintaining a price above $100,000 for several weeks now, it is clearly being supported by institutional buyers propelling the market. This is very bullish for the long term; however, BTC does need to correct in order to grow further. Volume continues to drop, and as soon as institutional buyers take a break, the price could crash. Given...

Discombobulate1 Updated  Jun 13

Apple has faced a significant amount of negative press recently, which has created a lot of fear and critical perceptions. This situation indicates that in times of fear, you should buy, and in times of greed, you should sell. As a result, I have taken a substantial long position on Apple. The flag pattern is nearly complete, suggesting that a move is imminent....

Discombobulate1 Jun 12

It looks like we might be seeing a double top formation, and with lower lows and reduced trading volumes, the positive momentum is running out. The yellow line at the top represents my sell line and is based on a long-term trend dating back to 2015. This line accurately predicted the recent all-time high (ATH) within $50. Although Bitcoin can break through this...

Discombobulate1 Jun 10

Apple has faced a significant amount of negative press recently, which has created a lot of fear and critical perceptions. This situation indicates that in times of fear, you should buy, and in times of greed, you should sell. As a result, I have taken a substantial long position on Apple. The flag pattern is nearly complete, suggesting that a move is imminent....

Discombobulate1 Updated  Jun 10

Fool me once... Fool me twice, shame on me. This looks like a good point of entry, but with the head and shoulders pattern completed as predicted, along with the following correction also anticipated, it is very likely that we are at the start of a bear market. FOMO (Fear of Missing Out) is clearly evident in the market as leveraged traders predict high numbers,...

Discombobulate1 Updated  Jun 6

Everyone always believes that a bull run has a long way to go—until it doesn't. Having experienced these cycles multiple times, I see similarities that help in understanding them. Could Bitcoin rise from here and hit $500k or more? Of course, but it could also crash to below $40k. The key question is: how much energy is there in the market to drive it up? When the...

Discombobulate1 Updated  May 30

The bull run has been ongoing since October 2023, and we are beginning to reach the final stages. This is the final push, likely a significant one, but there is strong long-term resistance and trends around the $115,000 mark. Altcoins are starting to gain momentum, but institutions are accumulating and absorbing new supplies, putting upward pressure on Bt prices....

Discombobulate1 May 28

With the global economic pressures and with Bitcoin likely close to the end of its bull run, Eth could be forming a Bart Simpson pattern, leading to a rapid reversal/retreat. Although US sentiment towards crypto remains strong and Bullish global inflation means retail investors do not have the capital to invest and push Eth to a new ATH.

Discombobulate1 May 28

DXY is finding strong support, possibly forming an Adam and Eve pattern, which indicates a bullish reversal.

Discombobulate1 Updated  May 28

The 4-hour chart shows a clear double top formation, accompanied by diminishing volume as we approach the end of May. The old saying "sell in May and walk away" suggests a high probability of a retracement down to previous support levels, indicating the potential end of this bull run. Historically, bull runs often conclude around this time (@585 days so far), and...

Discombobulate1 Updated  May 23

An ascending triangle is forming on the daily chart, resistance at ~211 USD, indicating that selling momentum is diminishing. Although there may be some further downside, recent economic pressures are leading to a healthy correction towards a long-term support trend that dates back to 2019. With some positive economic tailwinds, Apple could potentially offer good...

Discombobulate1 May 22

There is strong resistance at this level, with a long-term trend in this region dating back to the peak in 2017. The recent halving seems to be priced in, and we have a bottom trend line at 45k. Remember the Wall Street phrase: "up like a staircase, down like an elevator." There is a lot of greed in the market, and valuations are increasing daily over the next six...

Discombobulate1 Updated  May 22

The bull run has been ongoing since October 2023, and we are beginning to reach the final stages. This is the final push, likely a significant one, but there is strong long-term resistance and trends around the $115,000 mark. Altcoins are starting to gain momentum, but institutions are accumulating and absorbing new supplies, putting upward pressure on Bt prices....