Is the DAX toast?Chart features:
1 - It's a bear market at this time.
2- A clear death cross is seen.
3- Now a parallel channel has emerged.
To become bullish again the DAX would need to get above 14712 and stay above.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Bearmarket
NQ Power Range Report with FIB Ext - 5/13/2022 SessionCME_MINI:NQM2022
- PR High: 11947.00
- PR Low: 11890.00
- NZ Spread: 127.00
Evening Stats (As of 1:30 AM)
- Gap: = N/A
- Session Open ATR: 461.97
- Volume: 43k
- Open Int: 252k
- Trend Grade: Bear
- From ATH: -27.75% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14105
- Mid: 12960
- Short: 11820
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
$ETH RISING WEDGE? (DT/ST) Are we looking at another rising wedge on ETH 1H?
Non financial advice but i'm going to be looking closely to the continuation of this trend.
NonFinancialAdvice
Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion, all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
Ethereum: weekly analysis overviewWhat I found out in Ethereum price it's crashing too their price and it's below of $1,900 USD.
I hope a crash to $1,100 USD approximately in their price, that will be the first support, And to take note, we could to see a chance to see Ethereum price round to $785 USD if the key and first support breaking down the zone of $1,100 USD.
And then, this it's the monthly analysis timeframe and I see a bearish perspective in the price showing this model of chart that I draw.
Also, Ethereum price it's very key to look their rally in the next year and starting to accumulate Ethereum to make compound interest by year to accumulate enough Ethereum by long term and use them Ethereum to create another portfolio in cryptocurrencies.
One of my favortie altcoin that I want to accumulate it's Cardano by long term.
NEO/USD: Update tradeI'm in this trade from $16.28 USD approx and during the past days, we see a crash in the price and right now, the price it's around $9.41 USD. So, I put a break even at $15.60 USD and target to $6.70 USD in this trade.
So guys, we're in profit.
Remember, during this crash, save or accumulate cash and then, buy asset and save asset or accumulate it when pass the bear market. Because I have planned to buy XRP to accumulate more.
NEO/USD: Overview!!!As I'm in this trade, NEO continue to the downside and I see a more sell-off that the price could to reach $6.50 USD
This it's the weekly timeframe and we see a sell-off and I thinking that NEO could to reach their minimum historical maximum around of $6 dollar approx.
That it's what I think!!!
I hope that this analysis support you!!!
BUY ZONE IS ALMOST HERE Ups and downs could be pretty huge and dramatic, but if we look at them from the bigger perspective, they aren't that important. BTC has been slowly moving down thru these MA lines just by going sideways. And as we can see good buy zone was always between 1st and 2nd line (for the long term of course). The best buy zone would be below the 1st line. Will we get there? I dont know and nobody does, but it would not be a bad idea start to DCA, when the weekly candle close below the 2nd line.
Maybe you can catch the bottom and go all in, but safer would be slowly buy into your favorite coins, while btc would be consolidate between 1st and 2nd zone. Or I am wrong?
BITCOIN HTF OUTLOOK (BEARMARKET)Here come my thoughts on the Bitcoin situation at a macro scale. 3 deviations (65k, 67k, 69k) to bait longs and tap liquidity in the market. We are clearly in a bear market on the HTF and I don't expect it to be over any time soon. Many sucker rallies happening but don't forget that these easily fade quickly in a bear market.
Since the beginning of 2022 Bitcoin has been trading in a range that looks like a redistribution range, again 2 deviations might be going for a third and final deviation in this range before finally seeing 30k's. Obviously order book showing lots of buy orders resting at 30k, there is no doubt we go below here to get everyone to exit their positions. This is where you will see the "bear market has started" news which was happening already before their eyes.
Now reasons as to why I'm calling 24-20k bottom:
CME Gap on Bitcoin futures
Daily and weekly demand zones
20k would be a retest of the old ATH from late 2017 that never got backtested
I want to entertain the idea that 2021 was the beginning of a big accumulation range/structure as we have been trading in a range on the HTF. If that is truly the case we have yet to see the "super cycle" everyone is talking about which will be something we truly have not seen before. Do with this information as you will!
NOT FINANCIAL ADVICE [
SPX, End of half of century bull run? Lets hope not !Today, I finally decided to publish what I have in mind for several weeks ! End of half of century bull run? Lets follow !
I really did not want to publish this idea since it is really terrifying but, as it is a possible scenario right now I decided to warn readers to just keep this in mind . This will help us to be cautious when opening long positions, to set our stop loss carefully, to not consider every new low as a ((buy the dip chance )) and to try to manage the risks.
As shown on the chart , Elliott wave count on monthly time frame suggests a possible scenario which is not a good one at all !. This scenario shows that a bull cycle started on 1974 may have been completed and we are just at the beginning of the huge correction down to the territory of shown wave IV. This is one of the Elliott waves guidelines which suggests the end of larger degree wave 4 correction in the territory of smaller degree wave 4.
There is one more pessimistic scenario which gives a chance to completion of a 90 years bull run which if true, may GOD bless the market!.
Lest hope this sell of to be just the correction of bull run started after pandemic low . In this case we will see a new ATH after end of correction but we have to keep it in mind that even in this optimistic scenario we are in final leg up of this long term bull cycle shown on the chart and the collapse of the market is inevitable soon or later.
We have FED Meeting in next two days , decision the will make and the path that they will show probably will direct the market in upcoming months.
There is no way to be successful in trading except being realistic and following facts and figures not hopes and wishes !
BTC entering No support Zone! 19k BTC incoming?!BTC is entering the No support Zone and it could get very ugly here. It should be mentioned that Alts are going to get absolutely rekt, if we see btc at 20k!
Im not saying it will definitely go to 19k but the price has put in a new lower low at 28k and if we get below 28k then the price will be entering a zone in which there is no support and thus the risk of 20k. We may get a bounce from the 24k level, but no one can say for sure what could happen. Trade safe!
Biggest Bear Market Support Incoming!Bitcoin is officially in a bear market and is approaching one of the most important support levels since the Covid crash. If this support fails, Bitcoin can certainly collapse to the mid to low 20s. Historically all time highs to all time low percent corrections would make BTC eventually end up in the mid to low teens. Even though unlikely we cant say it's impossible. Lets see how the next few days pay out. Personally I can see a solid pump soon with all the down pressure but then we correct again and range to eventually falling below further.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
NASDAQ 10012000 target very close, expecting the level to print today.
Whats next? - 11750 level sounds reasonable.
why? Everybody thinks the bottom is in, which is a great opportunity for fund managers to offload more assets to retail.
plus we still have high inflation, with CPI printing more than expected today. The higher reading on CPI was already indicated yesterday when Biden released a press message that he will speak on inflation today after the release of the numbers. The only reason why he would do that is that he knew yesterday that the numbers would be bad..
they are playing games with one.
Let's see how it plays out, I could be wrong.
Happy trading :)
Bitcoin - Bye bye Keep it plain, simple and minimize the noise!
Here we have a bear flag on the 1hr timeframe with no real support.
We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices.
I expect some buying pressure from the bulls around 28-29k, but after they lose and 28k breaks I'll be shorting
note: 27.5k, 26.2, 23.3 aren't real supports so they will go quick imo
The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts..
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
bring on the bear! 🐻💸
Comment your ideas down below :)
The downside of logarithmic charts! (btc)Sometimes you come across a chart that triggers me immediately, its a logarithmic chart. Bitcoin will be in a few years about $500k or something like that.
But the rise of Bitcoin is in a different stage. Percentages of 11,000% up in a bull run were normal, but this is a thing of the past. The market cap has risen sharply and this leads to lower rises in the future. There is also only a limited demand for Bitcoin. So you should not be distracted by such logarithmic charts and think that Bitcoin is trading around $300k.
Due to these circumstances, I believe Bitcoin is bottoming around 15k and will not trade above 100k until around 2025. The coming weeks/months will determine the future of Bitcoin in the coming years; are we bouncing hard here or falling through the 30k.
LONG AAPL - New Market - I believe the markets have bottomed.
AAPL is a great buy back at the demand zone fo 150$ area. Last year there was a yuge 50 million buy at 150 - nice retest of that institutional entry point.
Enter a small postion in the 10 Delta Weekly 3 DTE Calls @ .21 the 165 C for 5/13
NOT advise, my own oppinion. #sizekills
IS MSFT A HOPELESS SHORT ?MSFT today cut cleanly through a very important support line, as well as below the neckline of a massive Head and Shoulders pattern.
Not much to say, it should look to retest the broken zone, and that would be an ideal time to go short, or buy puts with, preferably, two months to expiration or sell calls.
In bear markets even the leaders take hits.
BTC/USD Wyckoff Accumulation Updated May 2022Let me start by saying this is not financial advice and this prediction is purely based Wyckoff Accumulation theory. Current Bearish sentiment and global financial state could change everything anytime so please DYOR before making investment decisions. Also please do not take the price point and timeline literally because this is a pattern prediction.
This prediction is based on assuming BTC has found some support at 30k or in this area which makes an ST in phase B. Based on this, BTC looks like forming the following Wykoff Auumulation patterns -
Schematics 1 - Green
Schematics 2 - Orange
According to Schematics 1 - Spring could be anywhere between 20k to 30k depending on market sentiment and assuming 30k is the ST in phase B.