Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction:
Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)
Bearmarket
$SPX & $NQ Recession AlertBased 100% on the charts I believe we have begun a bear market. I provide several charts supporting my claim and time will tell if I am right or wrong. I provide a clear target and invalidation point.
Nothing I am saying is financial advice and this is all my opinion. You will lose your money following others opinions.
I have opened $2500 worth of calls on NASDAQ:SQQQ & AMEX:SPXU
Nasdaq - Here we finally go!TVC:NDQ is finally rejecting the resistance and creating the anticipated bearish correction.
Let me just put it that way: The correction was 100% anticipated and you can definitely then trade accordingly. Just a couple of weeks ago the Nasdaq retested a resistance which has been pushing price lower for 14 years - a correction was very likely. So far the Nasdaq is dropping significantly but I don't think that the current correction will actually be over soon...
Levels to watch: $16.000
Keep your long term vision,
Philip - BasicTrading
S&P500 - The beginning of the bear market?SP:SPX potentially created a top and is starting to head lower for the next months.
We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50% without any noticeable correction. In a couple of months, we will trade at lower levels!
Levels to watch: $5.500, $4.500
Keep your long term vision,
Philip - BasicTrading
Bear Market or Short-term Sell-Off?The March CPI was reported at 3.5%, higher than expected on April 10. This development triggered a sharp decline in the stock market, with a total drop of 8.5% from the recent high.
Could this downward movement signal the onset of a major bear market, or is this sell-off simply a retracement, setting the stage for the bull market to resume?
We will explore this question by studying the following hypothesis:
• A rising CPI is a leading indicator of a bear market.
• A declining CPI is a leading indicator of a bull market.
Micro E-mini Nasdaq Futures & Options
Ticker: MNQ
Minimum fluctuation:
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high.
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Keep your long term vision,
Philip (BasicTrading)
Bitcoin bear market is overI think we have made the bottom for bitcoin at 15-16k area and now we are in the accumulation phase of the crypto cycle. It is hard to say how long it will take, but I am more convinced towards the accumulation phase based on my analysis of the weekly chart.
There are 3 major occasions during which we have tanked below weekly 21 moving average and immediately seen a spike in volume and came back above it. Every single time that this has happened, we have made new all time highs!
I have also shared my thoughts on what will happen in short term going into 3rd May 2023 fomc rate decision.
Full 2 month Review Of Yokub_Umedovich analysisSee Full video and enjoy how is real Trading analysis
BINANCE:BTCUSDT.P BINANCE:COMPUSDT.P BINANCE:KNCUSDT.P BINANCE:LTCUSD.P BINANCE:DOGEUSDT.P
CADJPY Successful Live tradeI am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis.
As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the market.
The trade was eventually closed out at the trail stop, coming just 5 pips short of reaching the initial target. While the trade did not fully achieve our desired outcome, it still resulted in a profitable exit.
Additionally, I have conducted analyses on the GBPUSD, AUDUSD, and USDJPY currency pairs. These analyses provide valuable insights into their respective market conditions and potential trading opportunities.
Wishing you continued success!
What does a bear market look like?“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me!
'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton
Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for example the recent collapsed of some banks.
Able to recognize at what stage the market is… at any particular point helps me to determine whether to take on the market with some risks or not at all.
Reference of Bitcoin Trading:
CME Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
CME Micro Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
The Crypto Bears are still clearly in controlTraders,
The crypto bears are still very clearly in control of our market. In this video, I recap the weekly crypto market price action and explain the case for the bears. Bulls have yet to prove themselves with a conquering of that $30k price resistance area. A retest of our neckline at 25,200 (Bitcoin) can still be expected at this point.
Stew
Vertical Option Spreads for a bear market- a handy tool to haveEducational purposes only: if the bear market continues, one tool Im keeping available is bear vertical spreads. I dont want to go straight short the market, and buying high valuation is a no for me. So bear call spread might be worth a shot while waiting for bullish opportunities.
The Exit - How to take profitsToday’s content:
1. Why each exit is within 3 months?
2. Why I turn from investing to trading the US markets since Jan 2022 and onwards
If you have been following, today’s is the 6th tutorial in our Trading Series:
1. “The buy strategy”
2. “The sell strategy”
3. “Developing long & short-term view”
4. “Choosing between the time frame”
5. “The entry”
6. “The exit”
Refer to the links below or check the previous 5 videos.
E-Mini Nasdaq Futures
Minimum fluctuation
0.25 point = $5
1 point = $20
10 points = $200
100 points = $2,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
BRIEFING Week #51 : Probably the last of 2022 !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Is this rally a bear trap or a resuming bull? This is what we will be discussing today, and we are going to study both its technical and fundamental reasons and subsequently to derive why it is a bear trap? Or could it be a new bull in the making?
I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity.
I have started a trading series, purpose for trading into longevity. Last week was on Buy Strategy, today on Sell Strategy. These strategies shared, they all can be applied to most markets and in different time frames.
Content:
a) The sell strategy – applicable to both:
· Long-term – Fundamental & Technical
· Short-term – Fundamental & Technical
b) Bull or Bear?
Some important dates:
14 Dec 21 - Fed: "Inflation no longer transitory"
10 Nov 22 – Oct CPI @ 7.7%, below expectation of 8.2%
Micro E-mini Dow Jones Futures
Minimum fluctuation
1 index point = $0.50
10 = $5
100 = $50
Of course if you need something more sizable, there is the E-mini Dow Jones Futures.
You can refer to the links below, you will find some of my past video tutorials, on how I time the different markets.
As time passes, you will see how nicely most markets trend along our analysis then.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
$10,000 Bitcoin In Play, Crypto Winter Is Here, $20k Resistance.In this video I am highlighting how we may see a $10,000 Bitcoin this cycle due to where we are at on the weekly oscillators and the very negative macro conditions effecting the market. We may get a retest back to the $19,000 level on the daily but $20,000 is now serving as a major resistance. I believe it is unlikely that we get above a $20,000 Bitcoin anytime soon but I could be wrong. These next couple of months are looking pretty weary for cryptocurrency right now. Especially the events around FTX could have cascading effects across the entire ecosystem. This is still the beginning.
As bad as all this is it is good for cryptocurrency and will only make Bitcoin and the ecosystem more resilient. This needs to happen for us to get a major reset in the market. I do personally believe there will be very exciting buying opportunities in the near future and we will have another major bull cycle. But as of now we are heavily entrenched in this bear market and we're still going through this cycle. Be careful out there. Bitcoin and Cryptocurrency isn't dead.
Much peace, love, health, and wealth! Trade safe.
$10,000 Bitcoin - The Breakdown To Open EyesYou might not like to hear this but I have had a deep dive into the historical bitcoin chart off the weekly time frames and I can see too many similarities from the 2017 bull and bear market to the 2021/22 bull and bear markets. From the duration of the move, the time from high to low and the distance it fell. I am not saying it will get there, I am breaking down history and putting it to today to give us all a bit more information.
Specific Trendline to Determine the Direction of any MarketHow to identify the specific points for trendline to determine the direction of the market? In this example, I am using the Nasdaq index.
You can use this trendline technique to any markets because its principles in this tutorial are applicable throughout whether to an individual stock, indices or even commodities.
I am going to introduce the primary and secondary trendlines, I hope after this tutorial, it will bring greater clarity in how you can deploy them.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
This method I just shared, it can be applied to any market and any timeframe, be it the minute chart or the weekly chart.
Micro E-Mini Nasdaq
0.25 = US$0.50
1.00 = US$2
Bitcoin Where Are We? Still Some Pain On The Horizon. I don't believe we are out of the weeds yet and still have a ways to go with this bear market. The Federal Reserve's aggressiveness towards raising interest rates to combat inflation isn't the best conditions for a bull market in asset markets in general. We still haven't had any sideways movement with Bitcoin just yet and I don't believe we've found a true bottom either.
We could rally up to $28,000 or $30,000 but volume is fading and it seems like the current rally is starting to stall out. There's a big possibility that we revisit a sub $20k Bitcoin in the coming weeks or months. If the United States continues it's trend of negative growth that will not translate well into the crypto markets.
It's all about the cycles at the end of the day. The goal is to accumulate during the bear as close to the bottom as possible and ride the wave into the next bull cycle.
Is this recent rally a bull rebound of a bear retracement? To make an assessment if the market has turned bear, during the closing second quarter on 29th June 2022, we discussed on the topic “Using S&P to Identify Recession
and on the 19 Jul, 2 weeks ago the tutorial posted here, we studied and expecting this current rebound, topic “Nasdaq a leading indicator of Dow Jones, S&P & Russell”.
In today’s tutorial, I thought of doing a recap between the two videos and explore if the current market and its development, if it is a bull rebound heading to break another new all-time high or if it is a bear retracement?
I have included both the video links below.
Before we get into this topic, please also take some time to read through the disclaimer in the description box below.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
Tutorial example:
Micro E-Mini Nasdaq
0.25 = US$0.50
1.00 = US$2
(12,900 - 11,900) x US$2
=US$2,000
(Note: Opposite is also true)
• During the closing second quarter in June, on 29 Jun - “Using S&P to Identify Recession
• On the 19 Jul, 2 weeks ago - “Nasdaq a leading indicator of Dow Jones, S&P & Russell”
US500/SPX enters into a bear market The last time this happened was in 2018 but the market some how management to rally which resulted in a false breakout.
In 2020 the market came back to this level and spiked around this area before turning into an almost 2 year rally.
2007 was a different story as market broke structure and the result was a sell of that lasted one year.
What will happen in 2022? Will the bulls take control and result in the SPX hitting another all time high.
Or will we see similar events of what happened in 2007 which resulted in a huge sell off that one year.
Bitcoin to 16k this week!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart, as well i am looking at inflation rate chart and DXY.
This is my second video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english.
And also i forgot to mention that i am still in my short position from the top of the range at 32400k.
What do you think about my second video and analysis ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
Bull trap on BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart.
This is my first video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english.
What do you think about my first video and analysis ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
