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USOIL - This is the bottom!Hello everyone, first of all what a time to be a trader and investor! USOIL has reached the lowest support levels it has ever reached in history! We have 3 level to look out for the big bottom. The first is 13.60, which we have already hit. The thing is that I think that we have a little bit more space to move to the downside, judging by the RSI. I think the most likely supports for the bottom are on the chart, these are supports, that have been previous bottoms and I really doubt we will reach bellow 10$. I do think that the bottom is going to be today, because with this much selling, I just don't see a big player or anyone selling at -25%, given the price we are right now. This is just my opinion, I think that even if you buy now, in a year time, everyone will envy our chance to buy at 13.80$ WTI.
FX:USOILLong
by donaitelo
SPY-Closing on resistance , AlphaOverBeta Market OutlookMarket Outlook 19.04.2020 The S&P 500 gained 2.7% last week ending the week at 287.5, very close to the next resistance of 290, as more and more countries around the world reach deep into the government pockets to get the much-needed funds to get the world economy going once again. The next quarter is going to be much about the companies earning report and the economic contraction in many countries, the news from China is -6.5% contraction, for the first time in at least two decades. AlphOverBeta Next Week Forecast The next week is going to be a tougher fight between the bottom callers and the more optimistic voices in the market, as two powers are pulling the market to both sides the suffering economy on one hand and the stimulus packages that support it on the other, the US government reacted fast and with big money and at least in the short term its working and the market is moving forward. Our models support the more optimistic side of the fight with a 290 target for SPY in the near future that will be followed by a correction and then another leg up. Are we in a stock market bubble? Stock market bubbles are created when assets are overpriced, way and beyond their fair value. Examining equity prices under the economic conditions we might say that last week's move inflated prices way over their fair value. Current indices are now less than 20% down from the all-time high, that's out of bearish territory that was declared only two weeks ago. So which prices are fair value? The - 35% bottom made three weeks ago? Or the current prices which are only 20% off the all-time high? We are in a fed created bubble.. again. As the fed was trying to stabilize the economy they threw money at the problem which ultimately finds its way to equities and bond markets. Trade Smartly, Alon, AlphaOverBeta
AMEX:SPY
by Alon_AOB
FEAR index - VIX vs. SPYHello traders, we will try to implant a new point of view on the markets today. What if I told you that there is a tool that can find a bottom in the AMEX:SPY market? This tool exists and is called CBOE:VIX . If you compare these two graphs, you will easily see, that almost every extreme in the VIX market found the bottom in the SPY market. Yes, it's that simple. Try to implant this tool in your trading. You will appreciate that. 100% guaranteed. Good trading. FINEIGHT team
TVC:VIXLong
by Fineight
Where is the stock market at according to Mr. Elliott?If you ask me, the worst is yet to come! You can clearly see on the chart that technical analysis would support we have only finished the A wave of a corrective ABC. I use the DJI as it perfectly corresponds to key Fibonacci levels and therefor it is much more predictible compared to other assets. How might this play out in the mid term? Below chart would make most sense IMO, retracing to +- the 0.768 FIB of the entire 2009-2019 bull market.
TVC:DJI
by ItsShowtime
Bitcoin Entering Accumulation Zone? 2020 Really Stinks!Is Bitcoin entering accumulation zone? Who knows? Please support my post if you find it informative. Thanks, I shared a post long time ago (see ) to compare this cycle with 2013-2015 as everybody does! But mine was different and nobody paid much attention to it, however, as time passes it proves itself day by day. I am following the same idea with slight updates according to our additional observation since then. I am looking at monthly price, RSI and MT Plus signal. I see much more evidence that we are around February 2015 entering accumulation zone. Yes, I think 2020 will be the accumulation year and we will probably be ping ponging between $5000-$5500 to $7500-$8000 (I pick very rough numbers just to get the idea). YES, this is another reason that 2020 sucks and is not a fun year (as it has not been so far). On RSI plot, I color coded the equivalent time frames and it sounds we are around that little blue line. If these all are true, we should see the momentum fades out (as it has already done, see the MT Plus) and gain back in future months (6-9 months?) I personally think any number below 7k is really fair and a cheap purchase if you think of long term investment (THIS IS NOT A FINANCIAL ADVICE, THIS IS WHAT THINK!) What do you think?
BITSTAMP:BTCUSDLong
by walekiller
2
BEAR MARKETS STARTED JAN 2018 MUCH MORE PAIN TO COME .BUT WE NOW HAVE A TIME WINDOW FOR THE WORLD TO BOTTOM IN BASED ON DATA WE WILL HAVE THREE BOTTOM S AS I STATED BASED ON DATA BACK TO 1902 AND BEFORE THAT I HAVE . WE SAW THE FIRST ONE ON TIME INTO PANIC PHASE DUE 3/18/21 I WAS A BUYER OF 107>% % NET LONG ON SUNDAY 3/23 AND HAVE SOLD OUT TWICE . NEXT LOW IS DUE 4/27 TO 5/10 FOCUS 5/2 . THE 3RD OCT 10 2020 THIS WILL BE THE FINAL PART OF THE BEAR PHASE STARTED ON JAN 2018 THIS LOW THAT IS DUE OCT 2020 WILL THEN BEGIN A MULTI YEAR SIDEWAYS PHASE LIKE 1929 TO 1932 1907 1918 AND THE 1970 TO 1974 KEEP THIS IN MIND
TVC:UKXShort
by wavetimer
Reversal time for oil, or one final leg down to come Neat little comparison with 1/USDSGD from back in 2016. This can be how reversal patterns form. If oil manages to keep strength into mid April and move into a choppy shockwave that kicks people out, then theres a chance of pumping and reversing even more damage above $34. If he continues to follow a similar structure to SGDUSD then we can expect new lows going into the end of April - potentially the final low of oil around $18.50
TVC:USOIL
by Carlito101
LONG - MDA - Trading OpportunityBINANCE:MDABTC has been slowly melting for quite a long time now, but with many alts making a huge comeback after showing some reversal on meaningful supports like we are seeing on MDA, it is without a doubt a matter of time. Entry: 0.000047 Target 1: 0.00005136 Target 2: 0.00005576 Target 3: 0.00006238 SL: 0.00004449 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
MLong
by ElMomento
THE END OF THE DOLLAR'S RESERVE CURRENCY STATUS!THE TREND REMAINS BEARISH, AND WILL COMPLETE ANOTHER LEG DOWN! A BOTTOM, HOWEVER, IS COMING, AND PETER SCHIFF'S THEORY ABOUT FOREIGN CURRENCIES STRENGTHENING AGAINST THE DOLLAR WILL BE PROVEN CORRECT! THE DOLLAR MILKSHAKE THEORY HAS BEEN PLAYING OUT FOR THE PAST DECADE AND WILL CULMINATE IN A FINANCIAL CRISIS AND A EURODOLLAR LIQUIDITY IMPLOSION! ONCE THIS IS ALLEVIATED THROUGH MASSIVE DOLLAR SUPPLY INFLATION, DOLLAR EXCHANGE RATES WILL SUFFER!
Long
by UnknownUnicorn4195243
5