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Alltimehigh

End of Super Cycles for Bitcoin & S&P 500My guess on how the 2 supercycles of bitcoin and S&P 500 will likely end. Masses attention on the stock market and cryptos are fading BUT there is still money to be burned and I would expect a victorious new ATH for both the stock market and the crypto to take place somewhere next year! 1. The whole internet is so aware of shorting the market that is "entering recession" due to rise in interest rates and inflation pressures. While at the same time Robinhood gave access to all its members to short. 2. There is still money sitting on the sidelines waiting for a positive turn ( a new dopamine cycle) so to be invested in the market and crypto ( the final burn/trap). The self-fulling prophecy of Bitcoin to 100k has to come "true" prob not 100 but close to 90k so everybody will be joining the last part of the cycle in a super euphoric state. More money traped for decades to come. Aside from crypto a lot of retail is traped on many SPACS/IPOs, if at any given moment there is a relief rally they will put more in order to break even their losses. 3. Covid is still a thing but is slowly fading away... no way in my perspective to allow a market crash while we are returning to "normal", all that money being printed in case of a market crash will not be "burned/spent", we did not even have a proper X-mas yet :) 4. Our heroes Musk+Bezos+Dr Burry warned us of a market crash ( check my previous post about it) 5. Do you think Fed will take the blame for the market crash? All the above statements are out of my head. This is a more philosophical approach rather than a concrete fundamental and technical one, BUT as everybody expects a market crash soon I like to be on the other side...IMO the market will crash when nobody will be thinking about it!!! when inflation will be down, and when Covid will no longer be in our "head". "The market can stay irrational longer than you can stay solvent" Look first/Then Leap
SP:SPX
by Philoslother
3
All Time High Breakout ImpendingAs you can see, NSE:POLYCAB is trading near its all time high . It's good candidate for swing trading. RSI (9) is also rising and technically one can enter the trade at breakout and retest of the resistance zone. Hello Trader. If you like the idea, do not forget to support with a like and follow. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
NSE:POLYCABLong
by Ami8singh
Can GOLD break and reach 2050$ again??Hi everyone After the accumulation that we had for almost a month on XAUUSD, We can finally see the price breaking through 1965$ resistance level. Now we have a support level of 1910$ beneath and a resistance zone on 2050$ above. Considering the possibility of staying in this channel and not having another correction in price( I believe after 5 bullish candles in Daily we can see correction), we may see the price touches the 1965$ level and start reaching 2050$ which can also be a strong resistance level.
OANDA:XAUUSDLong
by HubAlgo
JSWSTEEL getting ready for next upmove?After an extraordinary bull run from March 2020 to April 2021, JSW steel has been consolidating from the past one year. It has already given a breakout from flagpole pattern and has reached its ATH which is 776.50. RSI is looking very strong as it is above 60 in the weekly TF. Looks like a good swing as well as positional trade if it sustains above 775 . One can add on dips upto 725-730. This opinion is just based on my personal analysis and not a trading suggestion.
NSE:JSWSTEELLong
by chartistamey
How high will waves go? Chart suggests $56.Waves having a crazy bullish pump in which it has reached a new all time high, and based on the chart pattern it broke up from of a falling channel, it should keep going until it reaches its target at $56. I’m guessing a correction from there but it could easily continue higher after cooling off. We can also see a bit of a double bottom inside the channel however the double bottom pattern has the same breakout target as the channel. *not financial advice*
WLong
by DrDovetail
LUNA (TERRA) brief correction before more gain 💡Based on the chart, the price is close to its all-time high and vital resistance area ✔️ before more gain here, we can see brief correction to the downside, at least to green trend line ❌🧨 if the price stays above the green trend line, we will see more gain 🚀 and if the price breaks the trend line to the downside, we can see more correction ❌🧨 if the price breaks the resistance area to the upside, we will see more gain from here 🚀 after all, this coin has wonderful potential and the price soon will break this important resistance to the upside, and we can see more gain 🚀 Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
by MadWhale
8
ZEC Most Important Resistance!When looking at ZEC on the daily TF we can see that is currently trading right below one of the strongest support resistance zones that have been established for this project. Privacy coins are becoming more favorable these days with a lot of centralization happening in the crypto space with companies we thought were for the people and decentralization. This key resistance level needs to be broken through decisively. ZEC also needs to show strength by trading in the new range shown above its current resistance. If that second line is broken through and ZEC can trade strongly above those levels another run to the previous highs is looking more possible. It's a strong OG project that's not going anywhere anytime soon. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
BITFINEX:ZECUSD
by rnaofs
3
LMT - Going ballistic????The defense giant is about as bullish as it gets right now. RSI is just right, price action is exciting and nearly vertical, and it's approaching all time highs. It's a good time to be an investor and a scary time if you're thinking about entering. What about day trading? Yes please. There's a good chance that LMT will at least try to test the all time high within the next couple daily bars. Especially considering that conflicts are breaking out faster than a teenager all over the world. LMT is uniquely positioned to turn lemons into lemonade and a ton of money could get funneled into this beast. I'm looking for some follow through from today's action, but wouldn't be surprised to see it take a breather before a serious challenge. The result of my analysis? Keep it at the top of the watchlist and set alerts for both ways. This thing can rise faster than a ballistic missile or crash just as quickly as funny looking bird planes from the early 1900s.
NYSE:LMT
by TradingTacticsPro
Spotting Potential Long Breakouts – Stocks – Alcoa (AA) - DailyCAPITALCOM:AA Alcoa (AA) is at an all-time high of 62, which it last saw in April 2018. It plummeted after reaching that high and took until now to regain the loss. That’s almost a four-year gap. The question is now what will happen. Is it going to go up or down? We can deduce a few key chart patterns by looking at the daily chart. Marking out the long-term upward trend from March 2020, we can see that it has had its retracement at the price of 53, which can also be considered an area of support looking to the left. Not to mention if we grab our trusty Fibonacci Retracement, we can see that it also hits the 50% support level at this exact spot and pushes up. If we have to draw an Ascending Triangle from the three lowest valleys and connect them to the level of resistance at its current high price, we can see that price within this pattern has actually made a partial rise. We can see that there has been selling pressure on three specific days trying to keep the price from rising, and volume on those days has significantly increased. If we had to go down to the 1-Hour or 30-Minute time frame, we could see these levels of selling pressure actually create a Triple Top. However, to confirm this, we need to see price break below the lowest valley between these peaks, which has not happened yet. Price seems to be moving steadily upward. Additionally, we could say that a double bottom has formed at the levels of the upward trend line and that of the Ascending triangle at price 53 and 55). Also, take note of the strong buying pressure at price 53. Moreover, the second part of the Double Bottom (price 55) is making a series of higher lows. This could also indicate an upward momentum shift. However, just like the Triple Top, the price has not closed above the peak between these two valleys, so it is not confirmed yet, but it is inching closer and closer to that level. Another factor to consider (if we look back at the daily chart) is that price has moved to pass the HCR (horizontal consolidation area) - the orange rectangle. This means if price moves lower, it will probably stall here, but moving upward, it is free to run. If you are looking to go long here, I suggest waiting for the close at least above the level of resistance at 64.35. However, the resistance level is more likely at 65 (a SAR round number). I would enter the trade long only if price closed above 65. The possibility of it going down as it did from its last high is also a possibility, but the repeated pushing of the price action heading up and up trying to smash through resistance along with increasing volume over time would suggest that it might break upward and in a big way. I’d be considerate and place my profit at about 70. This would net you about an 4% return (4 to 1) if you place your stop just below the resistance that will undoubtedly turn into massive support at the price area of 62 – 64.
CAPITALCOM:AALong
by DevlonJarrodHorne