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Tech Stocks This chart highly suggests that capitulation and peak fear is finally here. This is the chart of SQQQ, which is the inverse derivative of QQQ, which in turn tracks the Nasdaq 100. There's virtually no way that SQQQ's price can sustain a gap up like this on a weekly time frame. The gap is extremely likely to close and the price will move back below the Ichimoku Cloud resistance by the end of the week. Those who are just now selling tech and growth stocks because of inflation are capitulating. Inflation and rate hikes have been evident in the charts for over a year, and it, therefore, makes no sense to just now be selling tech. See my post here for why I believe this is the bottom for tech: With this said, if SQQQ does indeed close the week above the Ichimoku Cloud resistance and EMA exp ribbon then we're looking at a market crash. Statistically, this is highly unlikely to be the case though. The NDTH is far too low for QQQ to break down and crash just now. We are in peak fear/peak inflation/peak capitulation this week. In fact, this is a super good risk-to-reward entry. One can enter TQQQ/QQQ/tech this week and stop out on Friday if support breaks at the weekly close. If support holds, you would have bought in at the absolute bottom. If the Fed hikes rates by 75 bps on Wednesday, it's quite likely that the markets will quickly rally from this low. Not financial advice. Anything can happen. Trends can break.
NASDAQ:SQQQShort
by SpyMasterTrades
BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data. So let's start. First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts. Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts. Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC. Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000. According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction? As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity. Conclusion:- BTC bottom is around $18k-$22k The bull market starts after Nov. 2022 Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
BITSTAMP:BTCUSDLong
by CoreCrypto1
4
VETUSDT wants the Monthly support againThe price is creating a bear flag on 4 timeframes after the first pullback as I told you. What's the next? The price needs to hold the 4h support on 0.3$ after rejection on 0.5 Fibonacci level. How to approach it? IF the price is going to have a breakdown from the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
$BTC RSI is beautiful right now, let's see if the same happen?$BTC RSI is beautiful right now, let's see if the same happen? You can see at the last cycle, it broke the RSI downtrend and slowly played around for a few weeks, then back up. To me, because this current drop is so slow, because we are so oversold, and because other major indicators are showing a sign of reversal within the next month or so, we are close to the bottom. Of course, anything can happen, but I think that $20,000 BTC will be held and protected. ANYTHING CAN HAPPEN DCA your position.
COINBASE:BTCUSD
by Maddrix_club
ETH first indications of last wave (bottom soon)Hi everyone, We are hitting a series of 4's making me believe that we are nearing a bottom provided that we make a 'soft landing' in a sort of diagonal style instead of accelereting once more. If this is the case and if we are in a last wave down to complete our structure we need 5 smaller waves down. The minimum target is 1370 USD per Ethereum ranging untill 1264 USD. I believe this corrective structure will complete around 1350 USD. This is where I close my final shorts just to be safe. For people who have not entered a short at 1526 USD targeting 1375 USD is a nice trade setup with a stop loss above the previous blue iv at around 1544 USD. Keep the larger corrective structure in mind if you are entering this trade. Stay stafe and trade carefully since the 5th wave can allways accelerate and we can still get an extension afterwards. As Always this is no financial advice.
BITSTAMP:ETHUSDShort
by HodlCrypot
1
BTC Smackdown event 2022 Bulls vs BearsThis is how I see the rest of 2022 playing out. I see next week, last week in June hitting bottom for BTC to about 23K and then flat for a few days before aggressively bouncing as Fireworks go off! July and August will be big rally months for BTC up to 44K or 45K but then economic collapse of stocks and food shortage warnings will hit the world. This will send all stocks and crypto crashing down on or around Sept 2nd we will see this news coming out. Most of us see this anyways. Also with shortage in food, water and gas hitting hard at the start of 2024 as distribution centers report they can not keep up with demand to fill stores because they don't have the supply coming in. Nov and Dec we will see more on TV and News papers about this threat, and right after Christmas it will hit as we ring in the new year. This will be like the the great depression of 1929-39 In fact you can say it started with covid so that puts us almost 3 years in to it, and it will get very bad. The escalation of the UN and allied forces moving closer to Poland and Ukraine is also alarming as Russia basically signs it's demise and fall. So I think this will make Crypto and stocks fall faster then most think. Fear will sell, smart will buy the bottom. Because BTC has a Max number of minted coin, we know it will and has to go up. But here is another thought. What if the NATO starts trading in BTC and stops using USD. Or USD turns crypto and Fiat money is wiped out an attempt to bring the world together economically, to help isolate all communist (Russia China) . War is a booster for sure and ending the USD as the world currency by turning it crypto might keep America the world leader and secure freedom for all NATO. Just thinking outside the box because I believe it will shape how crypto gets excepted as the only funds available as FIAT is abolished. If not a lot of Country's including the US will have to pay back China, and that will never happen IMO. Good luck, stay safe, stock up for a year and never take anything anyone says as financial advice unless you are paying them to do so and never invest or trade more than you can afford to lose.
COINBASE:BTCUSD
by bigfootInvestments
5
HOW LOW, CAN WE GO! HOW LOW, CAN WE GO! (TOTAL2 VERSION)If I had to guess, the crypto market minus BTC still has ~10% of bleeding left to do before it hits previous support. Forgot to check but that's like a few billion at least. Breakdown & bear retest of 200 on 3D supports this idea Breakdown into oversold RSI on 3D indicates we may see a bounce soon - but it could also get stuck down there for a while while we continue down. I think the admirable performance of ETH is the only thing keeping this afloat right now, and will be the only reason this *doesn't* play out, if it catches support sooner. Anyone buying ETH around these levels will look like a genius a year or so from now... happy trades, always ~ CD
CRYPTOCAP:TOTAL2
by cryptodonovan
Significant Buying Opportunity ??? $SPY $SPX This is a long term monthly price channel of $SPX starting with the low in March 2009 up until the present. The mid point of the price channel has proven to be powerful support while the top end of the price channel has proven to be powerful resistance. There's only been six significant penetrations below the mid point of the price channel since this trend has been established. Each penetration of the midpoint ended up being a phenomenal buying opportunity with the lows of that penetration only being broken twice with both instances happening with in two months of the penetration and the low being surpassed and over taken with in the third month. The average gain between the penetration low and the next all time high has been 55% with a low of 25% and a high of nearly 94%. Each significant penetration has coincided with world-ending news: European Debt Crises, Changes in the White House, Trade War, Economic Shutdowns, Lingering Pandemic Outbreaks, Inflation...... Every single time the head lines screamed "This Time Is Different" So, is this time really different?
SP:SPXLong
by Breakout_Charts
5
BTC/USD weekly green candle - feels like a new beginningNot intended to be a piece of financial advice. For the first time in the history of Bitcoin, we witnessed 9 consecutive Weekly Red Candles. Phew! Is it over? It's a big thing. Plenty of market flush. A ton of sell pressure. Unprecedented fear amid war and tech-stock meltdown. And so much more. We are deeply in recession whether someone believes it or not. Now, the course should reverse, and things should relatively move towards a new beginning. There's light at the end of the tunnel. We all move towards it - one candle-pace at a time. Reaching back to the 48K level is a big challenge, but any powerful catalyst, such as TESLA accepting BTC again, can make a significant move and will help convert the retail investors' fear into excitement. Some form of the catalyst is coming as the TA has signaled toward a new trend incoming by following a daily close. This does not mean that the risk is over. If a whale that entered at about 25K bottom and decides to dump at 34k, there will be a short shakeup. You can still take benefit of that situation should you avoid fear and emotions and let the technicals serve you.
COINBASE:BTCUSD
by coreSATS
BTC/ETHGonzo The Battle is real. The war of the worlds continues. There seems to be a war going on between Wally world and MS. Both know the cash crunch cannot support both worlds. Then Some Smart Guy Comes Along and Cons All The cons. Takes All the cash off market into some metaverse like world and calls it defiance. When that crashes going to be some mad dudes and some very rich dudes. That made off ; ) with all there cash. Oh it`s getting closer all the time. Guess you missed the fine print. Well we are getting closer all the time 21k is real close. Below that there is no stopping it as to how low it can go. Smart money is already out and has been for some time. Waiting on a bottom is always hard to take. See you at the bottom my hook is set ready to real in some big winnings. You see it will recover and when it does you will want to be close bye.
COINBASE:BTCUSD
by SHakeTheTinCan
2
Bottom vs BreakThe great thing about predicting market trends is that it's very easy. Review my greatest predictions and I will tell you at the bottom of this idea. One of my very first predictions was based on a 10 year S&P channel based on SPX adjusted for inflation. The chart just bounced off the median line! My first prediction that got noticed was bitcoin with this wyckoff pattern Not noticed as much, this Death Cross meme turned out to be an amazing call when QE tapering would begin and how it would ultimately be the top One of my first art/meme style charts for gamestop and the inevitable fall of markets Another update to the bitcoin wyckoff pattern, but this time marketing the top of ST This prediction was only really meant as a joke, turns out they never found a buyer As madness set in the markets with SPAC carnage coming from Trump now, this chart was simple a matter of time. The combined indexes presented an easier indicator of a bear market as they fell through the 21 week EMA and failed a retest weeks later. The meme reversion rhetoric and talk about the fed having their hands tied was a direct indication the QE ride was coming to an end. one of my fav charts is this how semiconductors and markets. zoom out to see how we really never got to bubble status of the dot com era, nor hit the lower channel of the housing crisis yet. another attempt to update the bitcoin wyckoff pattern ultimately reaching SOW (Sign of Weakness) I wasn't expecting the bond market to drop so quickly, but it did drop to 2018 levels and bounced. The market was chopping wood on a daily basis. I saw the sign and it opened up my eyes, I saw the sign. This one got me banned for a few days but nailed the death cross right at Apr/May It was only a matter of time before the weekly Ichimoku Cloud would be violated Here I almost nailed a 5% drop down to the day. Bravo if you made it down this far. You earned your reward! My secret to predicting markets is in 3 words. BUY MY BOOK Just kidding, I don't have a book.... Yet! I'm actually looking for something in fintech space so I won't be updating very often as I build my masterpiece, the Trendsetter 2022! Also, check out my website and 21D GEX Moving Average. We just broke the lowest point in negative GEX 21D moving average since after 2011 I'm looking for a Bottom here OR a complete breakdown. Only way a breakdown occurs is if prime brokers start to fall. I often wonder if the Fed and Banks are having secret meetings to bail out the banks again or did they learn their lesson.
AMEX:SPYLong
by SPYvsGME
3