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Bearmarket

Cup and Handle Forming (Basing)Roller coaster day today. We opened in the morning with a gap down, pushed a little lower and recovered by EOD. 20 day as was my anticipated target for today and we are now basing in in this general area. Cup and Handle pattern looks like it's forming, especially if we hang out here tomorrow and Friday. Might just be tomorrow and then Friday could set the tone for next week and possibly the month. Important to be aware that in the event we move higher than 3850ish, it will invalidate the cup and handle pattern I'm waiting for. If we blow past 3850 and continue higher, I'll have to reassess the market in the coming days before I take any short positions. We are still in a bear market so these rallies can have aggressive upwards movement. Tomorrow we could visit the 3850 area and need to monitor the reaction if it gets there. Will have to sit on my hands to see what happens. Remember, don't predict. React. Be patient. Happy trading!
SP:SPX
by MMOTA_
BTC Bullish Crossover in Buy/Sell PressureThis Volume Flow indicator shows both in flow and out flow volume . In June, at the current bottom, you can see sell pressure peaked dramatically, and has since waned. Buy pressure, conversely, and gained momentum. They finally crossed over on the weekly. In my previous idea I point out how this same, particular Volume Flow indicator signaled the end of the 2018 bear, and has generally crossed over at huge swings in momentum. This is very speculative of course, but it will be very interesting to see if it actually reversers momentum.
by D-Rock_Anomaly
The Bearish Trend Continues!Here's a quick look at the daily BTC chart. As we can see, the bearish trend continues, and the price has been trading within a descending triangle formation for some time now. If the price breaks below the descending triangle, then the price will very likely end up at 14K! The price must stay within the triangle to avoid further downside! I must add that SPX500 is down a lot, and BTC hasn't followed up yet. We may see a big move from BTC in the coming days. I'm expecting the 18k support to be broken very soon. I still hold my stance of sub-13k BTC! Also, the volume has been increasing while the price has been decreasing! This is a bearish sign as well! ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Short
by MBM_Crypto
14
BITCOIN ANALYSIS - BEARMARKET BOTTOMHey Traders, Im Astro and today i show you my Bitcoin Monthly Analysis. Where do i think is the bottom? - Best case: 14000$ - 11000$ - Worst case: 7000$ - 4000$ Where will i buy? - I will buy a lot of Cryptos when Bitcoin is in the 14000$ - 11000$ area. Will i trade this with leverage? - Yes i will also open some 2x-5x Longs on BTC and ETH at that area and dca them and hold them for the bullrun 2023/2024. I hope you like this idea and if you got any questions feel free to ask. I will come back here and give updates.
INDEX:BTCUSDShort
by MM_TRADEZ
3
DOW JONES - Signal That We Haven't Seen Since the Crash of 2008Dow Jones Index has showed a monthly signal not seen since 2008. The price action that has currently developed is very similar to the beginning of the 2008 crash. In fact, the next rally (if we get one) can be the final "make or break". See the chart comparison between 2008 and 2022. I'm not a perma-bear nor do I ever like predicting crashes or waiting around for one. However, the technical setup with the current inflation and aggressive FED rate policy can be just what it takes to crush this market. TECHNICALS: The monthly histogram has fired negative for the first time since July of 2008 and is also in a volatility squeeze (John Carter...). The squeeze tends to fire in the direction of the primary trend. Yet unless the macro picture changes (i.e. FED reverses course, etc), it appears the squeeze is already beginning to fire SHORT. I'm anticipating another 40% lower from where we are now, that is using the same projection from the crash of 2008. Now, a lot can change and the macro picture is very different from that of 2008. A lot of people will buy the next leg up in this BEAR TREND hoping to have nailed the bottom. It will be those buyers who will end up capitulating and puking the market when it catches them off guard. Word of advice - be very cautious on going "all in" on this next counter rally. The market is in a massive squeeze. (similar theme will apply to other indices) OANDA:US30USD SP:SPX NASDAQ:QQQ AMEX:DIA Stay safe all and God bless.
OANDA:US30USDShort
by andremkv
Bitcoin future price scenariosTraders, After two failed breakouts of our long-standing bullish descending wedged (since Nov. 21) , BTC is back down to our super strong support of $18,800. This support has held us up on 5 separate occasions since our June low. It has not broken down below with confirmation on the daily since Dec. 2020. Confirmation equals two daily candle closes below. However, if Bitcoin has taught us anything, it's that we should expect the unexpected. I have two potential price movements in my radar pending this all important support level. #1 = 18.8k Support Fails You can see that after failing to break out of our wedge the second time, BTC has retreated back into the red triangle. I have colored the triangle red due to it's inclination towards the bearish side. However, our 18.8k support has caught the price once again and is giving ole' BTC another rest. Should BTC break to the downside, I would expect it to test the bottom of our triangle one more time (currently 15k). Now, 15k does not have to be a precise price. We could wick down as low as 14k before the selling resides. But I would expect the body to close at or around 15-16k on the daily when it's all said and done at which point we rebound and finally break out to the upside of our long-standing descending wedge. We don't have much longer to live inside of this wedge. The tip of the wedge extends into mid-Nov and that is it! But I expect decision time to come sooner. I don't think we'll make it to November before the market is forced to decide. If we break to the upside, which is probable given the nature and character of descending wedges, this is very bullish for BTC. But, if in the unlikely scenario we break to the downside, the typical capitulation period for these long-standing wedges is fairly short in comparison. I would not estimate it to last more than a few weeks to a month at most. And then we go up. Essentially, this long-standing wedge is telling us all that the bottom is near ...for Bitcoin, at least. I cannot reiterate the same sentiment for the broader markets which I am also tracking though, I do anticipate some sort of blow off top for them. If you have been following my weekly video updates, you're already familiar with my theory here. #2 = 18.8k Support Holds So, let's say our support holds once again, the fifth time. What do I anticipate here. Well, obviously, the support holding is great news. But to anticipate price movement here, let's take a look at our RSI. You can see that I have charted what could potentially end up being a bullish inverse Head and Shoulders pattern. The neckline would be the red horizontal resistance which we are currently up against as I type. If we break above this, then I expect the market to bring enough volume and buying pressure in to finally and at last break to the upside of our descending wedge. It would be at this point I would proclaim that our bottom was in at the June low of around 17.5k. Have these things charted and you'll be in a much better position to trade successfully in the next few months. Best to you all traders! Stew
INDEX:BTCUSD
by stewdamus
VIX Weekly Rally?The VIX is the CBOE Volatility Index of the S&P 500 Index. The VIX is generally inverse of the Market's Movement, specifically the S&P Volatility is not stable for markets and acts similar to a greed/fear indicator for the markets. The Higher the Volatility (VIX) The greater the Fear VIX has been in an uptrend the past few months since the Bear Market Kicked off earlier in 2022 Vix Uptrend = Market DownTrend & an increase of volatility The VIX has been forming this pennant-type resistance and support, and now has been testing the upper ends of this. The weekly chart on the VIX is creating a breakout with Momentum Squeezing thru to the upside as well. TTM_SQUEEZE Represents price consolidation, and breakouts through momentum indications similar to MACD. We are currently seeing a flip to the upside in the weekly chart. This would be bad for financial markets and can definitely indicate another large pullback coming with little VIX Resistance above until $40 Zone. We have not 100% broken these yet though, so patience is key and seeing how price reacts around these levels is key.
TVC:VIXLong
by ZachSap
BTC: Still a Bear's MarketIn the current price range and liquidity zones, we see significant selling pressure (bears in control), with not-so-significant buying pressure (bulls not interested in holding longs). This can be ascertained by the cumulative delta at three points in time when the price was at the current level, creating pivot points for reference: June 15-23 Aug 31-Sep 7 Sep 22-27 Note the rejection of buyer interest at each of these pivot points, indicating that the price should move to a lower zone of liquidity. Two confluences that would indicate bulls are controlling the market would be (1) Cumulative delta consolidating ABOVE the highest pivot point, AND, (2) the price is trading above the highest long-term pivot point (purple). We also see bearish divergence in the RSI while the price has been trading in the current range. An increase in price without the cumulative delta breaking the highest pivot point is a strong indicator of a bull trap to knock out long positions (possible warning zone) before moving into liquidity below the current zone, namely $16.5-$17.2k We are currently trading roughly in the middle of the current range, between major liquidity levels. This, along with increased volume usually indicates a move to one end of the range is in the works. SUMMARY Recent RSI bearish divergence coinciding with strong rejection of cumulative delta (CD) pivot points at major liquidity zones. Possible bull trap incoming if CD remains in downtrend against price. Thank you all! Please share your ideas and if you've found this helpful, insightful, infuriating, or interesting, please 👍🏻 That's what keeps me coming back! This is not financial advice, DYOR and due diligence, don't invest more than you can afford to lose, and remember: Nobody missed the boat, it's barely started boarding 😀
Short
by HeyJonBray
HUM: Test previous lows?Humana Inc Short Term - We look to Sell a break of 480.38 (stop at 489.09) Short term momentum is bearish. Daily/Weekly Ichimoku Cloud resistance is seen at 488. Further downside is expected. A break of 480.00 is needed to confirm follow through negative momentum. Our profit targets will be 455.29 and 440.00 Resistance: 500.00 / 520.00 / 580.00 Support: 480.00 / 450.00 / 400.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:HUMShort
by VantageMarkets
DKNG Demand Zone + StrengthCompany : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs. This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large organizations. These agreements and contracts only have pushed DraftKings Higher. While the Market has continued to drift lower these past weeks, DraftKings has been taking a necessary hit from its large run-up. DKNG is entering a Major Demand Zone Dating back to the IPO days. Technicals are showing a very large demand zone from the near $15 level towards the $10 level. With this heavy support area, we may see heavy consolidation for a time being, and a Strong appearance of Buyers. This is a strong thing to note out, as this could be a strong Long-Term Aquiring location for many Investors to pick up in this Bear-Market.
NASDAQ:DKNG
by ZachSap
AAPL Ascending Intermediate Trend Break Bear Market PlayDescription AAPL has had a nice run up following the upside break of its intermediate bear trendline (descending 2pt red line) on 24 JUN, forming its new intermediate upside trend (ascending 2pt green line) all the way up to its Descending Major Bear Trend (descending 3pt line) cemented on 30MAR. This week and the next will certainly end with a clearer picture for direction moving forward, but given current market conditions it is more likely that it should be down. SPY and DIA have seen similar intermediate moves, but have not made it to their descending major trend lines yet meaning a reversal is still far from being signaled, and this week will show how the IXIC behaves after having breached it on 10 AUG. It is still early in the Bear Market - geopolitical and economic risks have not cooled substantially to merit a major reversal in trend. Real inversion of the Yield Curve has only just occurred on 13 JUL and the trends are in for further inversion moving forward. Technical Indicators to signal the entry: Daily close below the intermediate trend accompanied by significant volume spike Major Trend Line rejection Downside break of the 168 - 171 Supply/Demand Zone Bear cross on MACD Technical Risk Factors: Golden Cross on 50/200 EMA Although a golden cross is usually considered a strong reversal signal, I am discounting this technical risk factor due to the 200 EMA remaining relatively flat in the early bear market. VIX downside break of Major Ascending Trendline on 4 AUG IXIC established over Major Bear Descending Trendline There is no real price target here as this is basically a trend trade - hence a longer dated Put - but there are take profit targets @ 156.5 , 137 & 130 . If all targets were met, advise a runner and potentially a roll down and out prior to expiration. Using a Long ITM Put here in order to: achieve a higher delta, maintain a conservative position, get long volatility while the VIX is low, and leave the downside open in case of a long, swift fall. Long Put Levels on Chart SL: 177.5 PT: Down the trend TP: 156.5, 137 & 130 *Stops based off underlying stock price, not mark to market loss The Trade BUY 10/21 180P R/R & Breakevens vary on fill. Manage Risk Only invest what you are willing to lose I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
NASDAQ:AAPLShort
by BarnardR
LINKUSDT map for a potential downtrendThat's my ultimate speculative map for a potential downtrend anatomy for LINKUSDT. We have a reversal Head and Shoulders top in formation, which a pullback to neckline can occurs in a retest of broken dynamic trendline. If the price remains bearish, a test of the volume point of control POC can be expected. Then a potential downtrend in a parallel channel formation can be expected w/ lower highs retesting the dynamic trendline / resistance. The final target is the D point from prior Butterfly pattern.
Short
by firmestudio
Blueprint for remainder of bear marketWe are unveiling our finals paths based on the completion of waves 1 and 2 inside of our suspected final downturn for 2022. We believe we are in Sub-Millennial wave 1, Grand Supercycle wave 5, Supercycle wave 2, Cycle wave A, Primary wave 5, Intermediate wave 3, Minor wave 3, and believe we may have completed Minute wave 4 at the close on Friday. Our next steps would be to complete the final Minute wave 5 drop which will simultaneously end Minor wave 3 sometime early next week. We consider our current position as a wave labeled 152A5335, which will be referred to as a wave ending in 5335 or 335. We expect this wave to be completed Monday or Tuesday at the latest. This does mean we should not only go lower than the Friday close, but we will also likely take out the June low. DETERMINING END OF MINOR WAVE 3 We expect an extension greater than 172.04% to occur for the Minor wave 3 bottom based on Minor wave 1. This would put the low beneath 3633.78. Furthermore, we expect Minute wave 5 to extend 122.05-134.03% beyond Minute wave 3 which puts the bottom between 3598-3616. This would mean we drop around 80-95 points from the Friday close which is around 2.5%. If this holds true Monday and part of Tuesday will likely continue the major drop in the index. The historical minimal move extension for waves ending in 335 is 89.35% which means Minute wave 5 must drop below 3662.62. The first quartile move is at 3616.11 and the median move would place the bottom at 3599.07. Historical moves are not necessarily accurate but most times they provide a good ballpark figure for wave movements. These levels are left most lines on the chart below. The right most lines are the historical extensions for waves ending in 533. These are the projected movement extensions for Minor 3 based on the completed movement of Minor wave 1. The yellow lines represent the historical first quartile movement (133.48%), the median (160.79%) and the third quartile (221.60%). The blue lines are the same but for waves ending in 33 (so based on many more data points, slightly less specific to our current situation). Minor wave 3 appears to be on the higher end of retracements according to the right most lines and our forecast of the bottom around 3600. Minor wave 4’s position is a complete guess right now and we will have a better idea once Minor wave 3 ends. Minor wave 2 moved up about 70 points over 24 trading hours. The movement was slow and not exactly at steep climb. Through most of our research wave 2 OR wave 4 is a quick and sharp move, while the other is slower and not as steep. Right now we would classify wave 2 as the slower one, which opens the door for Minor wave 4 to be quicker than 24 trading hours and a steeper gain. This could see a gain greater than 70 points in a much quicker timeframe ergo a 1-2 rally. Intermediate wave 3 (purple/pink/fuchsia) is placed roughly where we believe it will fall timewise, while the movement will be clarified once Minor wave 3 is completed. WHERE AND WHEN WILL PRIMARY WAVE 5 AND CYCLE WAVE A END? We try to plot out our waves and adjust once each wave completes. We firmly believe Intermediate waves 1 and 2 are complete and wave 3 is nearing completion. Wave 1 was 14 days long according to our wave count and wave 2 was 4 days long. We estimated from the beginning of Intermediate wave 3 that is would be 16 days long which still appears to look valid. We are projecting Intermediate wave 4 to be slower and not as quick as Intermediate wave 2 because wave 2 appeared to meet the criteria for quick and steep movement. Lastly, we are estimating Intermediate wave 5 will be around the lengths of waves 1 and 3 so we are projecting 15 trading days. We begin to look for real world events to explain our estimates AFTER we have plotted our estimates. In the current case. We strongly believed Intermediate wave 3 would be shaped by a bad inflation report, a week of pre-Fed speculation and then a more pronounced decline after the Fed rate decision. These appeared to hit the mark and these forecasts are viewable in our TradingView profile forever. As far as why will Intermediate wave 3 end around October 4 is a slight mystery. It is possible the JOLTS report shows some fewer jobs openings which would begin to meet some of the Fed’s dovish criteria. Nonetheless, we expect upward movement for Intermediate wave 4. Why does Intermediate wave 4 end? After we plotted this estimate we later learned this top aligns with the next inflation numbers. We project Wave 4 to end on October 12 and the inflation report arrives before the market opens on October 13. A bad report (or the perception of one) would likely tailspin the final Intermediate wave 5 down. This downtrend will likely occur all the way to the Fed rate decision which is slated for November 2. Coincidently enough, our Intermediate wave 5 projection places the market bottom on November 2. Our explanation is that the Fed reduces the rate hike to a potential 0.5% or maintains a 0.75% in order to not “interfere” with the elections which happen the next week. This was a similar consideration the Fed made before the November 2020 elections. We are forecasting the start of a major rally after the Fed decision simply based on Elliott Wave Theory. Stay tuned for more!
SP:SPXShort
by StockSignaler
3