US30 - Trading PlanOverall us30 is still bullish, however I am anticipating one more drop down to fill in the inefficiency left by the market( the highlighted pink zone)
Furthermore, we can see that there are 2 sets of liquidity pools left by the market which I believe will be reached for and targeted before we go on to make all time highs and hit the psychological target of 37500. The dotted trendlines represent the liquidity left by the market.
Although I am anticipating a drop, I will not be selling until I see a valid setup forming, till then I am focused on the buys.
My entry zone is the pink zone and I will start to hedge into the pair as soon as price enters the zone as it could react from any point in that zone.
The black horizontal lines represent my potential take profit areas.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
Alltimehigh
SPX - TRADING PLANLooking at the 4hr SPX500USD chart I have found a couple of price levels where price may reach for and target before hitting the 5000 mark.
We see price has been consolidating for some time now and making volatile moves both up and down. This has created and left liquidity pools which I believe should and could be reached for. The dashed trendlines showcase the areas where there is liquidity sitting and are also in places where I have identified an inefficiency.
Thus, I believe price could come down even more and target these before moving up strongly and quickly.
Another confirmation of another move and down here is the head and shoulders pattern formed by the market.
Although I anticipate a drop in the market, I will not be selling until I see a valid setup and will mainly be focused on securing the buy.
There are 3 potential trade ideas here. The first one has a more aggressive stop loss to maintain a good risk to reward while the 2nd one has the same entry but a more conservative stop loss.
The 3rd entry is very deep into the retracement and may not be filled hence the earlier entries.
I personally will be placing 1% risk on the first, 0.5% on the second and 1% on the third; giving us a maximum of 2.5% loss.
The black horizontal lines represent my take profit areas.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
DLTR - Dollar Tree, Inc.Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be ready to attempt another leg higher, but since this name does not have the strong earnings numbers I usually look for, I will be aggressive with profit taking.
NEW ATH US30???As far as i can see with the help of orderflow , manipulation and overall price action on US30 aka DJ.
I would stay long until we see ATH, probably retracement or correction might be seen in the coming weeks, which might liquidate more positions before making the final ATH.
Please feel free to comment, share your ideas in the chat and also share this idea with other if you think likewise.
2021 Historic Year for the Stock Market!Today marks the proper new All Time High for the stock market index ETF AMEX:SPY (futures hit a new ATH last week).
With this event I did some research and found that this is the first and only year in history to do so. Other years of 1994, 2014, and 2017 had only 11 ATH months.
I'll take this opportunity to throw some shade: if you follow Furus (Financial Gurus) that churned out constant content all year about how the stock market crash was imminent the New Year is an opportunity to prune some negativity and bad ideas.
what is next for SANDBOX ?As I mentioned in my previous analyse 💣
the price has started its correction when it was broke the trend line💣
and
now the price is reacting to 0.62 Fibonacci and we can expect correction from here and after brief correction the price start its gaining ❌🧨
second possibility
the price start to break the resistance here close to 0.62 Fibonacci and if satay above this line we can expect pump and even (ATH )🚀
This is not financial advice, always do your own research.
please, fell free to ask your question, write it in comments below and I will answer.
🐋
BTC neutral, the crabs are in controlFrom our last idea, I incorrectly drew the Elliot wave count from the lack of attention to high time frames (weekly and above) and overlooked a bearish momentum divergence that printed back in early November.
I believe we're on the verge of entering bear market territory if 47k doesn't hold over the next couple of days and weeks. 47k at the moment has confluence with the ATH 1 white trendline, the Elliot wave impulse PoC now sitting at ~46k, the developing weekly PoC, and the 350 D MA. But the most important line of defense out of those four would be the 350D MA. If you look back on previous market cycles anytime we've closed below it on a standard daily candle, it resulted in a multi-month sometimes a multi-year bear market , and we did so on Dec. 13th hinting a warning of another downtrend. This downtrend will more than likely happen once we've consolidated a bit more likely until we hit ~5% levels on the BBWP indicator noted below.
On the shorter time frames, BTC print a 4-hour bullish divergence as well as confirmed the breakout of an important trendline, but failed to continuously move in an uptrend until the posting of this idea. A short idea would be invalidated if either:
We blast past the VAH of 52k
$ETH closes past $4050 on a daily candle
Bull div. on daily and higher time frames
Breakout of trendline resistance or the 0.786 fib level noted below:
You could argue that the bearish case as of now is invalidated from a fundamental perspective if you take into account the debt ceiling being risen as a bullish move, and it is. If you are going short I suggest having a very short stop loss at the impulse VAH, taking profit along the way of the fib levels on the chart.
Note, this uptrend may also not be invalidated given evidence of diminishing returns and interest of institutional investors which will help with cooling off some volatility. The same goes for the $SPX; since it has a bit more room for an uptrend against inflation, I believe the overall trend is an uptrend, it's just that for now there is room for another selloff until ~30k.
Overall, I'm neutral and uncertain on $BTC's movement at the moment until either we fail to support 47k to confirm a bear trend or break out past 50k to confirm a bull trend. You could argue 42k is the bottom if we consolidate there again slowly over the next couple of days seeing as how $BTC did hit another low a bit close to the initial oversold wick that went down to 29k on May 19th. Debt ceiling rising + daily candle closing under 350D MA could equal more crabbing and consolidation from here on out for a while.
More easier to read chart to overview:
Key Levels:
Support
-47k (Impulse PoC, ATH 1 white trendline, 350D MA)
-40k (0.618 fib level, M S2 CPR)
-Impulse VAL at 31k
-S3 M CPR at 29k
-1.272 fib at 22.5k
-ATH 1 white trendline
-ATH 2 white trendline
Resistance
-49.6k(S1 M CPR, 0.786 fib on shorter timeframes)
-Impulse VAH at 52k
-M CPR Lines at 59k, 69k, 79k, and 89k
Invalidations:
-Impulse VAH at 52k
-28k for Impulse wave start.
BTC will cross over 70k 80k 90k soon and make ATH before bigdumpI said "U can buy bitcoin at 70k and it just stopped at 69k so this is my new idea"
The market is repetitive, as you can see I took an example from USDNZD, we are about to start a super bull cycle and will make the highest point of this cycle. Guys give me a like so that I am motivated to make better predictions about the market. Then you can follow me if this article helps you make a profit.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
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The MARA Pullback Is In MARA put a 5 wave move from September to November then completed an ABC correction that spanned 38 days and is now ready for the next leg up.
Confluence
- Sitting on a 4x proven support line
- Doji signaling reversal
- RSI = oversold
Entry
- RIght now or upon the upward cross of the 8-day EMA
Target
- $52.29 in 32 days
- All-time highs by June 2022
Stock Market at Critical LevelThe AMEX:SPY and S&P Index futures are at a key Support Level going into today FOMO Meeting.
November ended with much Fear, Uncertainty, and Doubt (FUD) that the -5% pullback was finally the correction territory everyone has been awaiting since the start of 2021... (also since 2020, also since 2008) Instead, price made a run for the All Time High but fell short. At this point I am watching to see if it was a true failure to break. The best way to know is whether or not price holds this 50% Retracement Level of the December rally.
Should the Support hold I would be watching for the Santa Claus rally to continue. We could still post a new ATH for 2021.
Should the Support break it would be evidence of a failure to make a new All Time High for the month of December and be the Combobreaker for 2021 (every other month in 2021 posted a new ATH). Failures to break All Time Highs are a common bearish pattern.
On a narrative note... now is the time of year for reflection, rebalancing, and tax consideration. Overall it has been a good year for a lot of traders and investors myself included. I am sure everyone to some extent is making moves relative to their yearly performance during this time. If I had to explain a "reason" for this month's price action it would not be the Fed so much as the end of a very bullish year for the stock market.
COSTco is a winnerCostco made a classic buy the uptrend support on Friday. With that boost this looks really good and ready for breakout again for another big run. All indicators are bullish. If Monday holds that $550 support and breakout above $561 it will continue to run. High trend breaking ATH with RSI 66. Explosive, one of my favorite setups.
If you want a slow moving but will continuously go up stock, then Costco can’t be beat for long term hold either.
$COST
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Rune Road to 25$ & Beyond Welcome to AHJ Chart Analysis
Today we are looking RUNE on weekly timeframe last week we saw a 30% dump in RUNE but it held the previous low quite beautifully & also retested downwards trendline which is quite bullish
For those who want to trade this.
Entry: 7.7 (40%)
DCA: 6.9 (40%) , 6.3 (20%)
SL 5.7
TP: 15 (15%) , 21 (25%) , 30 (35%) , 50 (15%) , 70 (10%)
This is not financial advice. Always manage Risks
$US500 - S&P500 futures almost back at ATH, Santa is coming?? After the sharp "omicron-dip", the S&P500 is almost back at all time highs!
The daily EMA100 got bought heavily and markets melted through every resistance since then.
The daily RSI keeps showing baerish divergence though, and also volume kept tapering off, also in the ETF on the S&P.
I would not open fresh longs here, instead taking some profits here seems reasonable.
At the moment, a correction down to 4.650 would not be weird at all, also to backtest the support from november 11th as support again.
Also there was a big gap opened up yesterday in the markets and most of the stocks, most of the up gaps get closed within the first 7 days after they got opened, whatever that statistic is worth at the moment, but it is just a fact to know i guess. Once 7 days are over chances drop sharply to get that gap closed soon, those gaps mostly get closed later on in a bigger correction/crash then.
Overall, i would aproach markets with caution at the moment, we are at heavy resistance at the moment and a small set back is kind of likely here. A break to new ATH, even more when a nice backtest happens, would be a bis buy signal though.
Stay safe in this markets guys!
SPY ATH end of yearIt broke the 20 day convincingly today and stayed mostly near the intraday high. Reversing the trend to bullish. RSI right at 57 with a lot more upward momentum to go. RSI support at 50 so buy any dips you see. We are going to break ATH before end of year.
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Ethereum Price Prediction (Q4 2021 - Q2 2022)Just a prediction on where I think Eth's price might head over the course of Q4 2021 and into Q1 & Q2 of 2022. The orange triangle is where I believe the current market cycle will reach its peak, before then pulling back for the remainder of the cycle (if this prediction plays out in any kind, I believe the price would retrace to current Q4 prices for support through the bear market).
mana is about to pump soonwe do research by fact, even in this dump season mana still able to hold above the support line and getting closer to the resistance, soon its gonna break since the number of supply/seller up there is getting crush by mana hodler/demander slowly but surely. I think we all can agree about this statement now "mana is about to pump soon".
ADBE Potential ATH BreakoutWatching for a break above all time highs for a bullish move.
Using Fibonacci extensions to gather future price targets.
The 1.13 fib will act as the level where we should watch for a retest of the breakpoint.
The 1.618 will act as a longer term target.
If needed, use the 1.27 to get a shorter term target.
BITCOIN HITTING ALL TIME HIGH AGAIN??!! Bitcoin now are having a strong pullback back to our fib level of 61.8% and bullish candlestick formed and base on my prediction on bitcoin movement from previous move , based on my analysis it will continue to run up another 13% which will be ALL TIME HIGH for BITCOIN!!! . We wouldn't be always right in the market all we have to do follow our risk reward ratio and hope the best will come to us . CHEERS!
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U - Strong break into all-time-high (ATH)Although U has recovered quite significantly from it's low of $76 in May21, it's recent break into ATH on 10 Nov is quite signifant, backed by strong volume.
I am expecting that it will have some way to rise (with near term support @ 174). Any near term retracement towards $174 would be a good opportunity to long.
ATH stocks tend to run for longer as they aren't impeded by "prior resistence", athough retracements along the way up is still part and parcel of an uptrend.
Once can consider to set profit targets along fib extension 1.618 and 2.00 of the AB swing up, or set suitable trailing stops to see how far it could go.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
BITCOIN 100K This year?Bitcoin is the king of all cryptocurrencies. Do not be misguided by meme coins and the next hot crypto. If you look every year at the top cryptocurrencies, 2013, 2014, 2015, 2016... etc the small altcoins come and go. Bitcoin & Ethereum (and a few others) are here to stay long-term. If you plan to build a long-term crypto portfolio make sure to include it! There is an old saying that "One Bitcoin is all you need" of course as the years go by this is getting harder and harder to obtain. There will be pulls backs and new opportunities so keep that in mind.
- Current Price action -
For Traders & Long-term holders
Bitcoin is breaking out of a bullish price pattern along with still being in a bullish uptrend channel after breaking the ATH. We are looking to test the next psychological level of 70k. We are still on track as per my last post on Tradingview. Also, keep in mind both sceneries of my last post.
Will we hit 100K this year?
It is possible but the price is too far away and news events can alter the price with a single article. As of now, we are still targeting higher levels but 100K we will have to see more data over the next coming months.
Will bitcoin hit 100K ever?
We believe one-day bitcoin will be much higher than 100K.