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Could our next Bitcoin rally take us to $100,000?This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs, however if we go to $2,800 and start showing signs of reversal it might be time to buy more for the long-term. This scenario calls for our bottom at $2,870; and our wave 3 top (if extended wave 3) would be $85,254 (4.236%, then a wave 4 should take us to the normal 38.2% at $49,800 followed by a wave 5 to either 1.0% ($72,399), 161.8% ($84,522) or 261.8% ($104,140). Shaded parts of the emerald are based on Gann fann (Predicted $20,000 top - 45° from start of bull-run) I will post a non-drawn on chart in the comments for anyone who dislikes the drawing. Thanks.
BITSTAMP:BTCUSD
by Godly
57
"Crypto Cataclysm: The Great Ethereum Meltdown to $500!" An explosive saga unfolds as Ethereum's chart resembles a volatile volcano about to erupt, pointing to a bearish flag leading to a cataclysmic crash at $500! Brave traders, armed with technical artistry, venture into the fiery terrain, seeking fortune amidst the molten market. Witness this sizzling spectacle of suspense, where fortunes hang in the balance and a thrilling crypto catastrophe awaits! 🔥💥🌋📉
INDEX:ETHUSDShort
by UnknownUnicorn3237473
5
What is GEX?Gex is short for Gamma Exposure. I started tracking gamma exposure over a year ago. In fact I posted an idea with a really good explanation idea of gamma exposure but the idea was banned and I never got around to reposting. So many private messages asking me to explain GEX, I decided to repost the banned post without the restricted content in it. If you want the restricted content, send me a message and I will send you the link ==== Original Idea posted March 6th 2022 ======== I finished updating the simple GEX tool. This tool is for educational purposes only and gives a very basic/naive overview of gamma exposure for any Ticker. So What is GEX? GEX stands for Gamma EXposure. Options are derivatives of financial assets that give investors more.. options. Gamma is the rate of change in an options delta per 1-point move in the underlying asset's price. When someone buys an option, there is typically a market maker (dealer) that needs to sell that option to you. Because the dealer does not want to take directional risk on the other side of the option, they hedge the option by buying or selling the underlying asset. As the price changes, the dealer must continuously make changes to that hedge to remain delta neutral. Gamma Exposure, in this tool's case, Naive Gamma Exposure is an estimated measurement of gamma exposure that a dealer has taken on based on the full options chain's open interest. It is an estimate because nobody really knows if an option's open interest was bought or sold to a dealer. Negative\Positive Gamma is hedged differently by dealers. If a dealer is positive gamma they will sell the rally (price up) and buy the dips (price down). Positive gamma creates a supportive and less volatile, more liquid market. If a dealer is negative gamma they will buy the rally and sell the dips. Negative gamma creates more selling pressure and more volatility, an illiquid market. Zero Gamma or Gamma Flip is the assumed point at which dealers would flip from negative gamma exposure to positive. When the dealer is positive gamma, the Zero Gamma strike will usually act as support. When the dealer is negative gamma, the Zero Gamma strike acts as resistance. GEX can measure individual asset gamma exposure but is more effective at measuring overall market indexes such as SPX and NDX. GEX shouldn’t be used as a directional measurement, but more of a volatility indicator. Notional GEX is the dealers notional (total dollars) exposure in 1% move in the underlying assets price. If SPX is -20B for example, dealers will have to buy 20 billion in underlying shares for every 1% move up, or sell 20 billion for every 1% move down. Option Quotes are delayed by 15 minutes from the open and close of the Regular Trading Hours. Disclaimer: The GEX tool is meant to be used for educational purposes only. It is NOT meant to be used for/as financial advice. Use at your own risk. The reason I included the JHEQX HEF Pin is because of how the different expirations effect the markets at different times. The general idea I like to emphasize in my naive understanding of these market mechanics is TIME. Notice in the following ideas from the past 3 months all have the 4165 HEF Pin in the forecast. This is only possible by calculating the Gamma Exposure of the options sold to JPM and making some assumptions (next time).
Editors' picks
SP:SPX
by SPYvsGME
50
My crazy partner is Mr. Market!We are used to the fact that the world's most prominent investors are known for their outstanding deals, returns and stability of results over a long time horizon. Yes, all this is certainly a sign of excellence, but no investor has gained his popularity through books. The books he wrote. This man created his writings back in the 1930s and 1940s, but they still inspire anyone who has taken the path of smart stock investing. You've probably guessed by now who we're talking about. It's the humble author of The Intelligent Investor and Warren Buffett's teacher, Benjamin Graham. It's amazing that after many years, this book is still considered the bible of investing on the basis of fundamental analysis - Graham wrote such a thorough description of how a person investing in stocks should think. His insight into the market can be useful to anyone who is exposed to this chaotic environment. To understand Graham's philosophy, imagine that the market is your business partner "Mr. Market." Every day he stops by your office to visit and offer you a deal on your mutual company stock. Sometimes he wants to buy your stock, sometimes he wants to sell his own. And each time he offers a price at random, relying only on his gut. When he panics and is afraid of everything, he wants to get rid of his shares. When he feels euphoric and blind faith in the future, he wants to buy your share. That's the kind of crazy partner you have. Why is he acting this way? According to Graham, this is the behavior of all investors who don't understand the real value of what they own. They jump from side to side and do it with the regularity of a "maniac" every day. The task of the prudent investor is to understand the fundamental value of your business and just wait for another visit from the crazy Mr. Market. If he panics and offers to buy his stock at an extremely low price - take it and wish him luck. If he begs to sell him the stock and calls an unusually generous price - sell it and wish him luck. Of course, after a while, it may turn out that Mr. Market was not bad at all and made a very profitable deal with you. But the fact is that on the long horizon of time his luck will be washed away by a series of stupid things he will inevitably do. As for you, rest assured that tomorrow you will meet another Mister. So, as Graham has taught us, is teaching us, and will continue to teach us - you just have to be ready for it. Understanding the fundamental value of the company, this meeting will bring you nothing but pleasure!
Editors' picks
TVC:DJIEducation
by Be_Capy
22
Trading View - all depends on what you want to seeTrading is all about winners and losers. A Trading View (thanks @TradingView) is all about how you see the charts, time frames and risk. When I called the move down back in March, it was not that I was Bearish, wasn't stirring FUD - it was on the back of being Bullish from 2011. As a professional investor, you need to take the good with the bad, the highs and the lows and of course profit when the market moves up and down. Many newer traders see BTC as a battle between the Government and the people, they see the regulators vs the crowd. The Bears and the Bulls! This is Jedi master vs the dark master. Truth be told, if you learn to appreciate the powers at work - you can indeed profit from both sides. I often read the chat in TradingView as find it funny how the bias is only ever Bullish, people have one view (9 times out of 10) and seem fearful of the bigger picture being a little more bearish. The charts have been very respectful the last 18 months, what seems crazy, wild moves on the smaller time frames are actually only playing to key levels on the larger times. ** If in doubt - zoom out ** NO STRESS Look back a few months and see the posts from March; you will see it made a whole lot of sense from the Elliott roadmap perspective; Click the link The before: and after; Same as the rocket call; Press play on the idea. This was all based on the distribution of a large scale Wyckoff Schematic; Which played out as a textbook example. So when you look at the charts, just remember Bullish doesn't always make you a Jedi, bearish isn't always behind a Vader mask. Learn to use the force and it becomes a lot more enjoyable! Have a great weekend - and more educational content in the related ideas section below. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
20
Life's not linear at all.Crypto might feel like it's always running away from you. Do you ever feel like Cayote??? "Running is a road to self-awareness and reliance-you can push yourself to extremes and learn the harsh reality of your physical and mental limitations or coast quietly down a solitary path watching the earth spin beneath your feet." - Doris Brown Heritage I have spent some time drawing on the chart! this one was a long one! But as I keep emphasising, the idea of these drawings is to add a little fun to some boring topics. It might feel like every time you enter, the market goes against you. What you have to realise, is that the market makers are busy playing the game. These games are less obvious during a daily, weekly, monthly Elliott 4 move. If in doubt ZOOM out! We have been posting a ton of educational content recently, it's all about the logic of price action. Click the link and have a read through these individual posts. Happy Monday! Have a great week and take it easy! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
23
Market Week in Review - 7/12/2021 - 7/16/2021Summary: Worries over the health and speed of the recovering economy remained this week, and the big mega-caps weren't enough to keep the indexes moving higher. Investors weren't sure what to do with a mixed bag of economic data, causing volatility in bonds and equities. Notes The Market Week in Review is my weekend homework where I look over what happened in the previous week and what might come in the next week. I occasionally have some errors or typos and will correct them in my blog or the comments on TradingView. I do not have an editor and do this in my free time. If you find this helpful, please let me know in the comments. I am also more than happy to add new perspectives and data points if you have ideas. The structure is the following: A recap of the daily updates that I do here on TradingView. View on the past week What's coming in the next week The Bullish View, The Bearish View Key index levels to watch out for Wrap-up If you have been following my daily updates, you can skip down to "View on the Week." If not, then this first part is a great play-by-play recap for the week. Click the daily charts for more detail on sectors, indexes, and market leaders each day. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, July 12, 2021 Facts: +0.21%, Volume higher, Closing range: 69%, Body: 12% Good: Higher high, higher low, body and closing range in upper half of candle Bad: Red body, low advance/decline ratio Highs/Lows: Higher high, higher low Candle: Thin red body in upper half of the candle, long lower wick from morning dip Advanced/Decline: 0.8, more declining stocks than advancing stocks Indexes: SPX (+0.35%), DJI (+0.36%), RUT (+0.08%), VIX (-0.06%) Sectors: Financials (XLF +0.98%) and Real Estate (XLRE +0.87%) at the top. Energy (XLE -0.15%) and Consumer Staples (XPL -0.16%) were the bottom. Expectation: Sideways or Higher New all-time highs across three of the major indexes is not a bad way to start the week. The 10-year Treasury note auction passed without many surprises, giving the indexes a boost in the afternoon. The Nasdaq closed with a +0.21% advance on slightly higher volume. The candle shows a bit of indecision as markets dipped in the morning but then recovered and made gains in the afternoon after the auction. The 12% Red body in the upper half of the candle is above a long lower wick. The closing range is 69%. There were more declining stocks than advancing stocks. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, July 13, 2021 Facts: -0.38%, Volume higher, Closing range: 12%, Body: 26% Good: Higher high, outside day that keeps index in uptrend, support at ~14,675 Bad: Long upper wick from afternoon selling, red body at bottom of candle Highs/Lows: Higher high, lower low Candle: Outside day, long upper wick signals a bearish reversal day Advanced/Decline: 0.21, five decline stocks for every advancing stock Indexes: SPX (-0.35%), DJI (-0.31%), RUT (-1.88%), VIX (+5.88%) Sectors: Technology (XLK +0.41%) and Consumer Staples (XLP -0.03%) at the top. Consumer Discretionary (XLY -1.20%) and Real Estate (XLRE -1.30%) were the bottom. Expectation: Lower Higher than expected inflation data wasn't enough to keep the indexes from making new highs, but the rally couldn't last, and markets closed lower on Tuesday. A weaker than expected 30y bond auction sent yields higher and spooked investors in the afternoon. Big tech held onto gains, helping the Technology sector end the day in the positive. The Nasdaq closed the day with a -0.38% loss on higher volume. The candle has a long upper wick that represents the morning rally which turned into an afternoon sell-off. The 26% red body sits at the bottom of the candle, creating a 12% closing range above a short lower wick. The outside day with a bearish reversal confirms the underlying weakness where five stocks declined for every advancing stock. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, July 14, 2021 Facts: -0.22%, Volume lower, Closing range: 8%, Body: 86% Good: Nothing Bad: Thick red body, closing range, lower high Highs/Lows: Lower high, lower low Candle: Mostly red body surrounded by tiny wicks Advanced/Decline: 0.28, more than three decline stocks for every advancing stock Indexes: SPX (+0.12%), DJI (+0.13%), RUT (-1.63%), VIX (-4.62%) Sectors: Consumer Staples (XLP +0.89%) and Real Estate (XLRE +0.88%) at the top. Financials (XLF -0.46%) and Energy (XLE -2.98%) were the bottom. Expectation: Lower Apple gets an upgrade, and big tech rises again as the rest of the market fades around it. Producer Price Index data was higher than expected. Still, Jerome Powell continued to focus on inflation being transitory and the need for further economic support until the jobs market fully recovers. Despite the advances in big tech, the Nasdaq closed -0.22% lower. Showing the lopsided gains in the market, the QQQ ETF (weighted by cap size) was up +0.18%, while the QQQE ETF (equal-weighted) was down -0.12%. The Nasdaq candle is almost all red body (86%), with tiny upper and lower wicks. The closing range is 8%. There were more than three declining stocks for every advancing stock. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, July 15, 2021 Facts: -0.70%, Volume higher, Closing range: 46%, Body: 47% Good: Bounce off support at 21d EMA Bad: Another LH/LL on slightly higher volume Highs/Lows: Lower high, lower low Candle: Thick red body in upper half of candle, long lower wick Advanced/Decline: 0.5, two declining stocks for every advancing stock Indexes: SPX (-0.33%), DJI (+0.15%), RUT (-0.55%), VIX (+4.17%) Sectors: Utilities (XLU +1.13%) and Consumer Staples (XLP +0.41%) at the top. Technology (XLK -0.82%) and Energy (XLE -1.40%) were bottom Expectation: Sideways or Lower Is the big tech trade finished? Or is this just a pause before another leg up? Economic data in the morning caused volatility at the market open, which eventually went to the bears. The selling continued until the afternoon when the buyers came back into the market. The Nasdaq closed the day with a -0.70% loss on slightly higher volume. The candle has a thick red body in the upper half and a long lower wick in the lower half. The closing range is 46%, and the body covers 47% of the candle. There were two declining stocks for every advancing stock. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, July 16, 2021 Facts: -0.80%, Volume lower, Closing range: 7%, Body: 81% Good: Nothing Bad: Close below 21d EMA, mostly red body, low closing range Highs/Lows: Lower high, lower low Candle: Almost entirely red body, upper wick longer than lower wick Advanced/Decline: 0.32, three declining stocks for every advancing stock Indexes: SPX (-0.75%), DJI (-0.86%), RUT (-1.24%), VIX (+8.47%) Sectors: Utilities (XLU +1.01%) and Health (XLV +0.27%) at the top. Materials (XLB -1.51%) and Energy (XLE -2.83%) were bottom. Expectation: Lower The market gave us a painful Friday to end a painful week. Utilities were again the top sector as investors took defensive positions brought on by worries over the pandemic and a slowing economic recovery. The Nasdaq closed with a -0.8% loss. Volume was lower, but the candle was distinctly bearish with a large 81% red body and a dismal 7% closing range. The upper wick, created by an early morning rally, is slightly longer than the lower wick. The index got some support at 14,500 but quickly reversed, moving below the 21-day exponential moving average. There were three declining stocks for every advancing stock. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- View on the Week Worries over the health and speed of the recovering economy remained this week, and the big mega-caps weren't enough to keep the indexes moving higher. Investors weren't sure what to do with a mixed bag of economic data, causing volatility in bonds and equities. All seemed ok after an uneventful 10-year Treasury note auction on Monday. That was the only news of the day. After the auction, the Nasdaq rallied into close and continued the rally into the following day. That's when the trouble started. Tuesday kicked off with higher than expected Consumer Price Index data. Equities continued to rally, but the inflation worries hit the 30-year bond auction. The low demand for the bond sent yields higher. Only big tech companies held onto gains by the end of the day. The big tech rally got another boost on Wednesday when JP Morgan analysts upgraded the price target for Apple after news that the company is boosting iPhone production by as much as 20%. The rally extended to other tech mega-caps and set up a situation where a pullback for the big tech stocks was due. On Thursday, Federal Reserve Banks in New York and Philadelphia released their Manufacturing Data. The New York numbers were at all-time highs while the Philadelphia numbers were lower than expected. Although the Philadelphia numbers were below expectations, they are still high on a historical basis. The numbers supported the narrative that the economic recovery is slowing, sending Treasury Yields back down to where they started the week. And yet, the US Dollar strengthened. The economic worries, volatility in bonds, and extended prices in big tech all combined to sink the indexes lower on Friday, closing a painful week for growth investors. The Nasdaq declined -1.87% for the week. Volume was higher than the previous week. Despite the decline, the index did manage a higher high and a higher low for the week. The closing range of 4% is the lowest in over a year, representing the selling into the close that occurred on Friday. Small Caps suffered the most this week, with the Russell 2000 (RUT) dropping -5.12%. The S&P 500 (SPX) declined -0.97% for the week. The Dow Jones Industrial Average (DJI) lost -0.52%. The VIX volatility advanced +14.04% for the week. The sectors ended the week in a very character than they started the week. None of the leading sectors early in the week were leading by the end of the week. Financials ( XLF ) started the week in first as investors anticipated earnings reports from big banks that began on Tuesday. By Friday, the sector slipped to the middle of the list, ending the week with a -1.61% decline. Technology ( XLK ) and Communication Services ( XLC ) took over the top spots for Tuesday and most of Wednesday. They also reversed downward and ended the week with losses. The only sectors to end the week with gains were Utilities ( XLU ), Consumer Staples ( XLP ), and Real Estate ( XLRE ). The defensive sectors gained ground at the end of the week as worries over the economy grew among investors. Energy ( XLE ) was at the bottom of the list, dropping -7.89% this week. OPEC+ continues to have disagreements, destabilizing the sector along with the price of oil. Add the fears of a slowing recovery, and investors are exiting positions in the sector that performed well in the first half of 2021. Treasury yields on the 30y bond and 10y note slid further this week. Although the 10y note auction passed without surprises, the 30y bond auction was weaker than expected, causing yields to rise midweek. However, the levels returned to where they started the week, and the slide continues. The 2y yields rose slightly for the week as the yield curve continues to flatten. The signal to read here is that investors see more risk in shorter-term debt, requiring more reward (yield). The outlook for the short term is growing more negative. High Yield Corporate Bond (HYG) prices declined but remained near pre-pandemic highs. Investment Grade Bond (LQD) prices advanced. The US Dollar (DXY) advanced +0.66% for the week. Silver (SILVER) declined -1.70%, and Gold (GOLD) advanced +0.16%. Crude Oil (CRUDEOIL1!) declined -3.20%. Timber (WOOD) advanced -4.30%. Copper (COPPER1!) declined +-0.12%. Aluminum (ALI1!) declined -0.61%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Big Four Mega-caps Three of the four largest mega-caps advanced for the week. Alphabet (GOOGL) had the biggest gain with a +1.16% advance. Microsoft (MSFT) gained +1.01%. Apple (AAPL) rose +0.88%. All three pulled back from intra-week highs on Thursday and Friday. Amazon (AMZN) dropped -3.92% for the week. All four are trading above key moving averages. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- The Four Recovery Stocks I picked four recovery stocks to track against the indexes and other indicators in this weekly report. The situation was not good for the four recovery stocks. Carnival Cruise Lines (CCL) took the biggest hit with a -13.77% decline, dropping below the 40w moving average. Delta Airlines (DAL) declined -6.66%, despite beating all analyst expectations on the top line, bottom line, and key metrics. Marriott (MAR) fell -5.21%. Exxon Mobil (XOM) dropped -6.39%, pulling the Energy sector lower. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Cryptocurrency I started tracking four major cryptocurrencies on the week in review. The four are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The latter two are not the largest by market cap but seem to be well-known and are part of the CIX capital.com index, tracking five cryptocurrencies, including these four (Ripple is the fifth). The declines continue in the four cryptocurrencies. Bitcoin (BTCUSD) lose another -7.44%. Ethereum (ETHUSD) dropped -10.98%. Litecoin (LTCUSD) declined -10.70%. Bitcoin Cash (BCHUSD) fell -11.76%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Investor Sentiment The put/call ratio (PCCE) ended the week at 0.859. A contrarian indicator, when the put/call ratio is below 0.7, it signals overly bullish sentiment and could mean an overbought market. The CNN Fear & Greed Index moved into the Extreme Fear level. The indicator is at 23, which is the lowest since the 2020 pandemic crash. The NAAIM Money Manager exposure index rose to 93.27 this week. The survey occurs on Wednesdays, so the number does not include any selling on Thursday and Friday. However, it's still interesting that the index rose after the previous week where the market was already weakening. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- The Week Ahead The week will start slow, but earnings reports will pick up as Financials kick off the earnings season. Monday There is not much economic news scheduled for Monday. IBM will release earnings on Monday, which may be an early indicator of what's to come from other tech giants this earnings season. Tuesday Building Permits and Housing Starts data will be available on Tuesday morning before the market opens. API Weekly Crude Oil Stock gets released after the market closes. Netflix (NFLX), Philip Morris (PM), Chipotle (CMG), KeyCorp (KEY), Haliburton (HAL), and United Airlines (UAL) will report earnings on Tuesday. Wednesday Crude Oil Inventories are the primary economic data for Wednesday, although some may be interested in Mortgage data released before the market opens. Johnson & Johnson (JNJ), ASML Holding (ASML), Coca-Cola (KO), Verizon (VZ), and Fidelity Financial (FNF) are some of the interesting reports for Wednesday. Analysts will listen closely to Coca-Cola statements around supply chain costs and whether they are transferring increased costs along to consumers. Thursday The weekly Initial Jobless Claims become available on Thursday before the market opens. After the market opens, Investors will get Existing Home Sales data for June. Intel (INTC), Abbott Labs (ABT), AT&T (T), Snap (SNAP), ABB (ABB), Twitter (TWTR), DR Horton (DHI), Southwest Airlines (LUV), Dominos Pizza (DPZ), and American Airlines (AAL) release earnings on Thursday. Friday The Manufacturing and Services purchasing manager indexes released on Friday will be another indicator of economic activity and the speed of the recovery. Friday's earning reports include Honeywell (HON), American Express (AXP), and Schlumberger (SLB). -=x=-=x=-=x=-=x=-=x=-=x=-=x=- The Bullish Side There may be a slowdown in the speed of growth compared to the first half of the year, but the economy is still expanding at a historically high rate. The US Dollar is strengthening. Investors continue to support high prices (low yields) in both investment grade and junk corporate bonds, showing confidence in US businesses to be successful in the near term. That confidence is coming from the ability for businesses to secure low interest rates for debt to fund growth, while consumers are continuing to drive demand via increased activity (Retail Sales is higher than expected). Inflation remains high, but consumers are still purchasing, using a record amount of savings to fund new purchases. The Fed's Jerome Powell reaffirmed again this week that they believe inflation is transitory, but they are more than willing to step in to control inflation. Although an interest rate hike would cause some pause, the bigger evil for growth stocks is out-of-control inflation. The slightly more hawkish Fed can help growth investors remain confident in the market. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- The Bearish Side At all-time highs, the market was due for a pullback. Despite gains among big tech, the last two weeks have shown a broader weakness in equities. Much of that is from fears of a slowing economic recovery, driving volatility in the bond market, and spilling over into equities. Although Retail sales were higher than expected, Consumer sentiment and expectations data were low. Analysts expected the consumer numbers to be higher since we are emerging from the long pandemic. However, it seems consumers are worried about new variants and also stressed by higher prices for goods. The question is, will there be a further correction, or is the minor pullback this week enough to get support and move higher. The CNN Fear & Greed index moved into the Extreme Fear range, based primarily on the weakness in stock prices and high demand for long-term bonds. That means big investors see a worsening situation on the horizon and possibly a move lower for the indexes. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Key Nasdaq Levels to Watch The Nasdaq set another all-time high this week before pulling back again and closing below the 21d exponential moving average. The index closed with a higher low but with a dismal closing range, sliding into the end of the week. On the positive side, the levels are: The 21d EMA is at 14449.77. 14,500 has been a support area in the past, get back above this area to move higher. The 10d MA is at 14,625.59. The high of this past week was a new all-time high at 14,803.68. The mid-point of the regression trend from the 5/12 low points to 14,989 by the end of the week. The round number 15,000 is likely to be a new area of resistance. On the downside, there are a few key levels: The low of this past week is 14,413.32. The low of the previous week is 14,371.59. Keep making higher lows to keep the uptrend intact. The 50d MA is at 14,004.19. 14,000 has been a key area of support/resistance. There is a pivot at 13,548.93. There is a support area at 13,000. 13,002.54 is a pivot from May. 13,119.60 is the 200d MA. 12,397.05 is a low pivot point from the early March dip. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up It was a tough week, especially for growth investors. Economic signals are all over the place, causing reactions among investors. Ultimately, volatility will have investors exiting riskier positions and moving to safe-havens. We saw that through the increased demand for long-term bonds and the rise of defensive sectors to the top of the sector list the past two weeks. As it stands, the Nasdaq is still in an uptrend. It looks worrisome, but we have to wait and see what happens in the coming week. A further decline could mean a 5-6% correction before the uptrend resumes. Or the index could turn back toward new all-time highs sooner if new data indicate a more robust economic recovery. Good luck, stay healthy, and trade safe!
NASDAQ:IXIC
by drewby4321
3
Lord of the CoinsThis one is more an ask - what is your take on BTC? Scared of the drop? embracing it? or looking forward to "precious" returning to it's former glory? Comment your thoughts on it below; Where is it going? up down, down a little before up? Let's see what the community sentiment is?! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
43
BTC : SAVE THE WORLD Frieza transformed and shorted Btc/Zeni with 500x leverage at the 0.618 fib knowing that King Kai had been hodling since 32k. Now the heikin-ashi are being pulled down with 100x normal gravity. Goku needs to go all in and power up to 40,000 to stand a chance. It will take a 20x kaio-ken kamehameha to get to 50k, and then a massive genki dama to ascend to the ATH. What will happen at the ATH is anyone's guess... but the entire world is at stake! Who will get their wishes granted? Stay tuned for the stunning conclusion! // Durbtrade BTC : SAVE THE WORLD BTC : SAVE THE WORLD (Hyperbolic Time Chamber) Hyperbolic Time Chamber
BITSTAMP:BTCUSD
by Durbtrade
16
Ripple, XRP, SEC and the FUD of the century - My final idea. SEC's price suppression on XRP is coming to an end as it is rumoured that SEC employees and whales have already bought as much as they could at low prices. Earlier this year the defence case for the San Francisco firm had looked dead in the water with maximum FUD, haters clapped and weak hands sold, according to crypto observers. The SEC file its lawsuit a few days before Christmas 2020, claiming its founders were selling it's product, imagine that? a company selling products is something unheard about until now. They also stated its founders were getting rich, something unheard also. Now, six months on and after series of bruising battles, it appears the odds are now with Ripple Hodlers. ///// Dear TradingViewers, so this is my last and final idea, it was fun while it lasted but my humour is not for everyone and I keep getting banned in here, thanks for everyone's likes and comments, all the best.
BITSTAMP:XRPUSDLong
by Bitconiano
21
Be smart: think and act like a Reef Turtle.In the world of trading, you must always think like a reef turtle. Reef turtles are an animal that acts wisely, with great patience, prudence, they wait for their moment, and they do not lose their heads. They always trust what they do, have some of the best moods in the animal kingdom, and never panic at anything. They have a hard shell, both physically and mentally; They are not influenced by stupid things that happen on the outside, and they are not intimidated by anyone. They are a very intelligent species, that whenever they have the opportunity of ACCUMULATE much more and more food, they do it. You must act wisely. Invest in projects that are starting and are very cheap with a great opportunity; buy, accumulate and hold without fear. Never invest in an oversold project. In this alt season, REEF is the best project to invest and one of the few that left without an exponential growth, offering pioneering features in its area, being a son of Polkadot, and having a very solid and strong community of investors. Be smart, be a Reef Turtle.
RLong
by BullSecret
30
"Aw, 20 Dollars? I Wanted A Peanut!"Market Psychology simplified Carrying on the Simsons theme - In the last couple of months, I have written several educational posts & have been lucky enough to see some being selected as "editor picks" After writing some more serious ones, I wanted to write some other posts to have a laugh. I had some great comments, replies, and requests on the back of the first Bart one. Actually enjoyed the art side of it more than I expected. Back in February, I posted a post about market psychology. With feedback from Bart and some requests on psychology, I thought I would write a post using the "Simpsons" to explain the phases. So you have a little daft fun, with a topic worth covering from a technical perspective. Phase one Phase one is Hope we hope we are correct in our analysis, we hope that the market goes in our favour, we hope for moon shots and Lambo's. Think of hope and we think of words like aspiration, desire, wish, expectation, ambition & dream. Hope is what we are feeling before a trade is placed. Phase 2 As a trader, we feel optimistic as the trade goes in our favour, we get excited and dream of the possibilities. What if this goes all the way, what if this account makes me! Bragging rights, money banked - Life doesn't get much better. We can start to relax and unwind and get ourselves into a good place, mentally. Phase 3 Belief - at this stage, nothing could go wrong... Well, we hope and maybe pray for. Trading, things never really play out to plan. We see crazy swings in our favour and wild pullbacks. (often enough to give us heart attacks) So we listen to chilled music, we talk to ourselves & we say a silent little prayer that this is the one! My analysis was correct, I am quietly optimistic about this trade, Lambo - here we come, just a little further. Phase Four Thrill!!! What else is there? At this stage, we are winning in life. Now we are picking the colour of the Lambo. Nothing can hurt us now. In trading terms, this is where life often comes to kick us in the ass! But who cares, we are on top of the world!!! Bitcoin is going to the moon - I bought at $59,000 it's now at $61k I can't lose... The fifth phase Complacency - now back enjoying the beer, we got some great paper gains and we will never see $50k again. Death to Dollar, Rise to Bitcoin and all that! Let's chillout. Phase 6 As the Pullback comes - we start to get a little anxious, will it go below my entry? What? it can't go there, no way. I am an early adopter, I was in and now it's not continuing up???? What the hellllllllll. I can't sleep, I don't want to eat, I'll just take a triple Espresso with a splash of Red Bull. The 7th Phase Denial - This can't be a trend change? It must be an aggressive pullback. Why is it going so low? I don't believe it, I only have 30X leverage on my trade. I'll hold out, it will hit $1 Million a Bitcoin by the end of the week. We hold and hope! Until the leverage gives a margin call... Phase 8 Panic! Pure PANIC Bitcoin falling through my $56,000 floor. I'm 30x Leveraged, please don't drop, please don't. How will I tell the wife I used the kids as collateral? I have to sell out, I can't take another red candle. Maybe the little sprite is toying with me! Phase 9 Why you little.... Yes, Anger sets in. You are out at a healthy loss. It's gone and beat you. Blasted crypto! Must be a scam! I already put a deposit on my pink Lambo. Told the Mrs she could have that diamond ring on Friday. Now what?!>?! The 10th phase Watching Bitcoin move on up, beyond 60, up through 70, into the hundreds. You feel depressed. Trading might not be for you, Bitcoin was a scam. The US government played me. Where next? Work on Monday, How do I tell the wife about the diamond? How do I explain to the Lambo dealer I'd like my deposit back. "Doh, it's a deposit. I've last that as well!" Bitcoin was just an analogy here - these phases happen over and over again. Nothing new, they will repeat themselves over and over again. To visualise this on a chart, you need to go to the psychology post linked below. To go deeper into this, It's worth reading "Trading in the zone". Hope you liked the images and content! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Editors' picks
COINBASE:BTCUSDEducation
by Mayfair_Ventures
124
Do you agree with Drake's opinion?⚡️Every trader gets tired of constantly analyzing charts. For you to relax, we will periodically release relaxation for your brain in our new rubric #Tradingmemes So what do you prefer more? Are you Producer or Consumer? Work for it now It will pay of later _____________________________________________________ If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
19
TSLA & DOGE Exponential Trajectory to Mars!TSLA must continue its exponential growth trajectory. After releasing the sports car into orbit, realizing it's not enough, to get more juice for TSLA to fly higher, Elon Musk has enlisted the help of now co-pilot DOGE to pilot the SpaceX ship. DOGE is going all-in to out-compete BTC in exponential growth with help of Elon Musk tweets, while Elon Musk benefits from DOGE's hard pulls as the world cheers on Elon Musk every time DOGE pulls HARD! The derelict DOGE and Elon Musk are both a co-pilot match made in heaven. Together they are giving all they got, and will blow out of Earth orbit and head interstellar! Watch DOGE market cap eventually overtake BTC market cap, while TSLA becomes the biggest company on earth with its energy generation business.
Editors' picks
NASDAQ:TSLA
by cashonly
246
BTC USD Just A thought As the title says this is just a thought. Other than one extremely well hidden clue no tradable advice can be found on this chart. Although it might ,.. this chart does not necessarily reflect my opinion on the matter. I do not care whether you hodl, accumulate, buy short or sell longs ;) and I do not wish to persuade anyone to do something. I never make judgements about the risk preferences of others and yet I'm already imagining the comments... (if any).
BITSTAMP:BTCUSD
by Rekt4Sure
15