CADJPY Update: Black Swan Short TradeBearish Black Swan pattern is working as predicted.
A rounded top pattern will be completed if the price breaks 77.70 neckline.
Bearish pressure will be triggered by the breakout of the wedge.
Fundamentals:
Safe Haven demand after Trump's speech of last night.
A decline in Oil Prices.
** Both patterns are found by Chartreaderpro software
Blackswan
AUDUSD Update: Black Swan vs. Ascending TrendlineFundamentals to watch:
Trade tension between US and China.
China's new tariffs to raw materials
US GDP and CDGO data of today.
Technically:
Black Swan short achieves the first target.
If the price breaks down the ascending line, we will add short.
Good Luck
SH, cleared for take off, runway Covid2020, no delayEquities are about to burst, I am very bullish SH.
USA leadership has spectacularly fumbled the ball in responding to covid. Hot spots are developing as Trump is hellbent on reopening the economy. This will set the USA up for a massive 2nd wave this fall, unfortunately. This will ensure business remains crippled, if not completely shuttered till spring 2021.
Trump doesn't realize that 'the economy' isn't an abstract thing--it's comprised of individuals whose health under-girds all else. The general health, safety, and well being of the country is our chief capital stock. Queue Abraham Maslow: Meet basic health and safety needs 1st.
Insane R:R available
Targeting $75-100 to begin
SP500 Update: levels to add shortWe have achieved our short term target level.
Black Swan at 2960.
What are the reasons to sell the indices?
-FED clearly won in stopping the panic, restoring calm & order in the credit markets, and managed to create a new bull market in the equities. However, the new bullish wave in SPX was driven by a few companies’ stocks. The money pumped by FED is not going into the real sector. This is not a sustainable financial operation to support the indices.
-Powell put it clear. We have not seen the worst.
-Risk indicators not aligned with the recession. Every volatility index (except oil volatility) has come down sharply from panic highs. VIX was at 84 now 30 (this is not cheap itself but shows the magnitude of the move lower), VXEEM was at +90 now 32, TYVIX was at 16 now at 5.2, MOVE was at +160 now at 57, Credit protection has come in big, CDX IG from 150 to 86, iTraxx main from +130 to below 80, FRA-OIS spreads have come down big time from panic highs. This feels like an overshoot vs where it should trade in a recession.
-Volumes were not supporting the latest bullish move.
-Sell in May and go away.3 of the 4 coming months historically have a negative return.
-Key technical resistance levels: SMA 200 and Fibonacci 61.8.
-As well explained on Financial Times: US stock market rally confuses liquidity with solvency
Many zombie companies will fail, no matter how much is sprayed around by the Fed
” Two contradictory signals have emanated from the US this week. On the one hand, economic news has been dire: gross domestic product shrank by 4.8 per cent in the first quarter and Jay Powell, Federal Reserve chair, warned of “considerable risks to the economic outlook over the medium term”. Oxford Economics now projects a peak-to-trough decline in GDP of 12 per cent in the first half of this year. That is three times worse than during the 2008 financial crisis.
Technically:
Shorter Term: We focus on the following levels. 2812 2765 2730
Medium Term: After closing below 2700, we predict the index to test 2650 and 2580.
Long term: 2200 2000 1800
We will published detailed May Forecast on Sunday.
Intraday patterns will be updated.
BTC still haunted by 2017 crashI will admit it.. I was dead on wrong in my latest post. Being nearly flawless in all my other analysis. The post before this was my first wrong. All other calls have been dead on. Luck or a good analysis or just both, I don´t know.
Im pulling back being bullish, even tho a halving is coming in May.. This Black Swan event with Covid 19 and everything just totally changed the game.
Im in a neutral position right now.
For the time being I believe having patience with stacks on the sideline might be a genius idea or it could be the dumbest move done in a long time.
Putting speculation aside tho.. Looking more objectively on the trajectory of BTC, we can see that the crash of december 2017 is still lurking in the dark.
Take a look at the how smooth the top trendline from 2017 is still not broken. Only if BTC will break this significant area of super resistance, we might witness the strength of BTC again. On the other hand we might just aswell see BTC fizzel out over time below the trendline.
Trade carefully.. I would in this case scale in slowly and only midterm for now taking profits now and then.
Don´t get emotionally attached to the halving, this time might not repeat history. Only time will tell..
Safe trades.. Regards Mr. Project.
The DOWn JONES On Schedule For May 6th-8th Reversal?Of course we can reverse sooner, as I predicted previously, but this is what makes the most sense today and falls in line with some old charts...
Let us assume that the money printing is the rising tide. If the market goes up on average this week and or at least follows the rules for a TD9 printing, we will have a potential reversal on that indicator (not a big deal). Normally, I wouldn't be looking for this speculative of a play. But if we get to the $25,200-$27,100 zone, this hits my targets on previous charts and has strong confluence with the FIB Zones. I then decided to ask the question what type of PLANNED news events around May 6th-8th that would cause this reversal within the fundamental narrative.
NEWS TO EXPECT
May 8th
*Non-Farm Payroll
*Unemployment Report
*Average Hourly Earnings
*Wholesale Inventories
Please do your own due diligence and remember this is NOT trading advice.
Is It The Ghost of Bitcoin Future?
Or, Are those Sunny Skis ahead?
6-Apr-20
With the entire world a bit shaken by everything in it including the Support and Price of Bitcoin is now a good time to see how historically Bitcoin has turned the corner after being “clipped” by a “Black Swan”?
You might say we can’t like Peter Schiff since its history is too young to reference the “2020 Black Swan” or as I like to call it, 2020BS.
But what if we look back, looking back monthly to daily? What I’ve seen is it’s not as much Bitcoin Supporters but rather the Bitcoin M&T, the Marketers and Token Generators who; to hear them tell it have beaten back “Black Swans” Year in and Year out for 10 years and they are right. Fraud, Theft, Scams, Politics, Courts and Competition. But it’s time someone told them that’s not what 2020BS is all about.
It’s about the “Clipping”
The Yellow dashed line is a historical line identifying the center of this current long trend. Following it back to the left tells us it recently was some support and we can expect it to be a Fortress of resistance. Even now it supports both the 200 and 100 EMA’s.
Will the roll back to green any time soon? I would guess not from the width of it. That would be like me trying to roll over on the floor and be just as funny. It’s certainly not getting the support it needs from the 200 and 100 EMA’s
Using the Bars Pattern I selected the pattern that 2020BS cut when the Swan came through.
It begins on 04 Mar 20 and ends on 13 MAR 20.
I cloned and mirrored it into 5 configurations I found feasible and named them in this order
I Probable, Spring Green
II Possible, Moon Yellow
III Maybe, Wine Red
IV Probably Not, Not White
V BINGO On the Kisser Red
I used my polyline skills to make it easier to see.
Thanks once again for letting me share my Bitcoin outlook.
Remember. This is not trading advice. Follow me if you wish, share it if you want and please engage the like button and add your comments below.
SPY, Which support will stand a chance against new black swan?Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
We are experiencing negative records that have never been here before. Let us be grateful that we are experiencing something like this, because we will gain experience about markets that they do not even describe in 1000 books and movies. Back to analysis. We can see strong support zones that confirm that markets have already responded to these zones in the past. But we are in a very pessimistic period of time, where markets can fall 10% per day. Focus on long periods, even one year. We are looking for the bottom now, but we will rise soon.Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
BTC... the dump continuesBTC has not yet reached any serious support. It looks like it should drop to the 3000 level, before the halving.
It will then be pumped up to 8,000 + after the halving, before dropping sharply as miners dump to recover from their mining losses.
This situation is major because once miner profitability drops sharply, rational actors will leave for a more profitable chain.
This will cause the theoretic chain death spiral, which is a vicious cycle where a chain dies.
I expect BTC to drop to $3,000, when this happens BitCoin SV will likely drop over 60% in value as it dumps harder than everything else.
This move could present buying targets between 20-50$ prices. Major fire sale. Get in on the real Bitcoin, as Satoshi envisioned.
TIP ;) :
Craig really is Satoshi, he will be dumping masses of BTC this year. Only one chain will survive the storm.
SILVER TO CATCH A BID Prepare for Stagflation in Global Economies
See Chart for details on TVC:SILVER price forecast. Multiple bullish Technical patterns forming in silverprice. Falling wedge to push Silver into double bottom then to become extremely bullish.
Lots of fundemental support being established for Silver.. Expecting a monster rally in FOREXCOM:XAUUSD soon as another Insurance driven Financial crisis is peaking its head around the corner.
Wonder how many old folks have AIG life Insurance? So much more to worry about right now but just a thought.
Recomended articles regarding the unprecedented state of risk with regard to the current fed and monetary environments..
www.cbsnews.com
thehill.com
Black swan. Biggest shift of wealth in human history.Hello guys.
Just a few words for everybody too lazy watching the video.
We had the most crazy week in the stockmarket since many decades. The dump was violent.
Banks will fail - or at least the small banks will. Big banks might survive the financial crisis, but the world will never be the same.
Cryptocurrency will rise since it is the better money.
If you want to get rich. Just short everything you can - with reasonable leverage and never trade money which you cannot afford to loose. Ofcourse speaking of stocks and indices.
Keep in mind.
Health is more important than wealth.
(I always said 6.18 and meant 0.618)
I want to keep these videos short, but never manage to do so.
I might just get back to charts so people don't have to watch minute long videos.
Until then.
With best regards.
Black swan event. Indicies in freefall. Continuation in March?!Hello dear traders.
Corona virus is hitting hard. Black swan event is in play. We might see the biggest shift of wealth in human history.
Perhaps people will understand that our current financial system isn't the best and that it's time for a more stable and better form of currency.
Bitcoin has not yet reached that point, but in a few years from now it will at least establish as -the- best peservation of wealth. Which by the way it actually is the best growing asset humanity has ever had.
Now to my trade.
I am short on DJ30 and DE30.
Light blue doted line is my entry, which ofcourse is a bad entry. (We saw a really clear textbook jump of the 0.618 fib level - ofcourse it is institutional money taking out their gains of their shorts this week)
Big red doted line is my stoploss.
My entry on DE30 is @12076
I see DJ dropping till 21000 at least.
We might get a pump next week since it's the start of the new month March.
But this is the time for traders to act. Unfortunatly my entries are late, but I still think there is room to grow your portfolio.
Until then.
Health is more important than wealth.
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GBPUSD W1 - BLACKSWAN (SHORT)GBPUSD Seems to be going short for the next coming week... or weeks it's currently setting up for a BLACKSWAN where its touching a possible resistance zone. The resistance zone doesn't seem like a very strong one however its currently in position at a 38.2% retracement in the market and its touching a MAJOR trendline in the market. The trendline has made 2 touches before but currently in this situation with such confluences at the moment it's likely to be very probable. The GBP pairs seems as though they're gonna make some major drops at the end of 2019 and the opening of 2020. Who knows it might last a couple of days weeks or months but set your targets and get in for some shorts! If your analysis says otherwise then by all means go long because i can be wrong. Nothing's guaranteed in these markets!
I've had approximately a 70% Win rate trading BlackSwans so it might be worth considering.
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