DJI - God Help Us All... Welcome to the Great depression 2022 Dow Jones industrial average index has lost its February 2020 support. As this support did not hold i am convinced that the oldest US index has begun the great depression, not recession but depression. You can already see what fiat pairs with the USD are doing.
The run up was just phenomenal to say the least. We've been essentially parabolic since 2009, with the total run up since 1987 flash crash. Since then economy was on steroids.
The first sign of realism came with the dot.com bubble. It was especially hard on the S&P 500 index which lost more than 80% back then. Then came 2008 financial crisis which was seen predominant in the DJI. After that it was just up up up, sideways and up.
Covid dump just showed how laveraged this market is and sparked asset inflation on steroids. .... NOW ... Will see what happens.
DJI could still drop by 1k points, but not much lower for now as it is expected to go into a retracement first, if it doesn't go already. This retracement could drag out for year or two before continuation down. Where you might think?... below 2008 bottom is quite realistic, but for that it can take 10-30 years to play out. Again its a depression not recession, remember that. We are clearly not dropping like in the 1929-1932, therefore i think we will bleed slower.
Aftermath could be ... who knows... 20-30% of people out of job.... in 1930s there were around 25-30% of them on the streets.
During DJI retracement there could still be a rotation in the stock and crypto market, with little projects reaching new ATHs, but still lets not expect to much, and rather realize that the US economy has POPPED.
DISCLAMER:
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
TVC:DJI
Crash!!!!!
Cryptos and bitcoin are crashing 69K was the high back in 2021 that was awesome. But the crash is coming.
The big crash is coming and major crash.. the Feds are still going aggressive to fight off the inflation… soooooooo what’s next?
When to buy: I suggest buy at 12K or around 10K possible we will see lower than that because 12-9500 area has stronger support and floors.. also please stop saying 17600 or 18K is a the bottom please don’t.
The sellers are going under pressure from the economic reset so on the 13th of October should expect the inflation to drop if not will go higher and everything will crash a lot further.. US economy is still slowing down.
When is the Feds pivot?: Feds pivot is a choice when the Feds will save the market or not we should expect it around the 2nd of November also December 12th.
We are still in a bear market the huge crash everything broke the June lows and especially S&P500,NAS100 and US30 broke the June lows as well, we aren’t going to recovery if the Feds pivot happens. Please becareful and don’t trust the short buys because it will drop even lower.
Like , comment I appreciate the support and reputation as you all know I’m only 21 years old I had 2 years experience of these. Enjoy your day and happy crashing.
VIX Weekly Rally?The VIX is the CBOE Volatility Index of the S&P 500 Index.
The VIX is generally inverse of the Market's Movement, specifically the S&P
Volatility is not stable for markets and acts similar to a greed/fear indicator for the markets.
The Higher the Volatility (VIX) The greater the Fear
VIX has been in an uptrend the past few months since the Bear Market Kicked off earlier in 2022
Vix Uptrend = Market DownTrend & an increase of volatility
The VIX has been forming this pennant-type resistance and support, and now has been testing the upper ends of this. The weekly chart on the VIX is creating a breakout with Momentum Squeezing thru to the upside as well.
TTM_SQUEEZE Represents price consolidation, and breakouts through momentum indications similar to MACD.
We are currently seeing a flip to the upside in the weekly chart.
This would be bad for financial markets and can definitely indicate another large pullback coming with little VIX Resistance above until $40 Zone.
We have not 100% broken these yet though, so patience is key and seeing how price reacts around these levels is key.
The Big Short 2022-2023The price is in a liquidity vacuum, fundamentally speaking the United States is approaching an economic crisis like the one in 2008. In September we could see a deep drop or in the last months of this year.
You can see my previous idea where I post a short on the SPX talking about what this market looks like with 2008
Supply of Houses is at Crash Levels!This idea is explained on the chart because that’s the easiest way to explain it. If you start at the green “Start Here” star in the top right corner and follow the green arrows, my observations about the current market conditions and how they compare to previous market crash conditions are detailed. Please feel free to ask questions.
BTC 20% CRASH PREDICTIONWe are still expecting a 20% short/crash after the Major bullish pullback, after the crash thats when we will maybe look for buying opportunities @Support level
clear sell on nasdaqPowell came out in a short speech from the Jackson Hole seminar to send a message that the Fed will continue with its aggressive policy until it controls inflation, and will not change its policy.
The Fed has started a tightening cycle since last March, raising rates by 225 points since then until today. The market sees the interest rate between 3.50-3.75%.
According to yesterday's data, the US economy recorded the third negative GDP, to confirm the technical stagnation of the economy.
The Fed continues its policy of raising interest rates, with expectations of a 50- or 75-point hike next month. But the Fed is waiting for another inflation report before making a final decision.
Inflation data was released according to the personal consumption expenditures index, which is favorable to the Fed. Statements were issued by a member of the Federal Reserve during a meeting with CNBC, and he continued: Urgent: Strong data leads the movement of the markets and puts Powell in trouble before his speech
The most important statements:
Without price stability, the economy will not achieve an extended period of strong labor market.
Inflation falls to the weakest link.
- The interest rate depends on the inflation data received.
Tight fiscal policy has been going on for some time.
The rate of interest rate hike in September depends on the data received.
Weaker inflation in July is welcome, but not enough to change our direction.
At some point the Fed will be able to moderate the rate hike.
We will continue to raise interest until we are sure that we have completed our work.
- “Higher interest rates, slower growth, weaker labor market, and market conditions will reduce inflation, but they will also hurt businesses and citizens, these are the costs we will pay to reduce inflation. But failure to restore price stability means more pain.
Powell cited the 1970s and 1980s when the Fed failed to respond to inflation expectations and launched a violent rate hike in 198, sending the economy into a recession.
- Powell said that the Fed will respond forcefully so as not to repeat the tragedy of the past by entering the economy into a long-term recession.
- "We are moving monetary policy to levels that will be tight enough to return inflation to an average target of 2%." "Restoring price stability will likely require maintaining monetary tightening for some time. Caution is now at historic highs, negating a reckless rush to loose monetary policy now."
- Powell's speech was short and firm with regard to continuing to raise interest rates until inflation calms down. And decisiveness with regard to price stability, and closely monitor the incoming indicators.
Markets respond to Powell:
- US indices decline, Nasdaq declines 1.01%.
The dollar index trimmed losses, reaching 108.138, after falling below 108.
- After Powell's speech ended, the dollar index resumed the bearish path, with a loss of 0.80% at levels of 107.537.
A closer look at a historical stock market bellwether: AMD Presented as neutral once more as the monthly candle still has a week to close; this flat broadening wedge goes back almost 40 years and a "crisis" tends to be right around the corner whenever it finds resistance so expect very clean reversal market structure here should that trend continue and clear signs of supports refusing to break properly if this century's meltdown is still a few years away
Exploring the Dow Jones boomer channel & its possibilities #WW3This chart is presented as neutral since the implied "idea" can't come into play till at least one key support properly breaks and worst case till the yellow channel has become relevant again like before; if this were to play out the main "challenge" would be: how to keep retail long all the way down? (hint: the same supposedly unrelated "people" who "shorted" from 18k to 36k will show the same level of stubbornness to long all the way back down to grace)
Big crash for bitcoin.. where to buy As Feds increased the hikes rate to fight of the inflation .. everything is now crashing.
Should expect 17,600 area to break since the crash hitting we will wait for the bottom .. the buy area for bitcoin. I like is around 12K-9000 area those are the buy opportunity.
Good luck y’all
10k BTC if the price doesn't hold support!Here's a quick look at the weekly BTC chart. As we can see, the price is currently in the crucial support zone, and the price has to hold the support zone to avoid a significant downside. If the price doesn't manage to keep the critical support zone, the price will likely end up in the 12.5k - 9.5k price range.
I must mention that there is still an open CME gap at 9.7k, and we may very well end up at the 9k level and thereby close that CME gap. Tho there's no specific timeline for when they'll get filled.
-------------------------------------------
What is a CME gap?
Key points:
A CME gap is a break in the graph of the trading prices of an asset, in this case, Bitcoin. So if BTC closed at 8700, then opened the next session at 9400, there would be a 700-point gap in the chart. Some traders believe that gaps will get “filled.” Meaning the asset will go back down, in this example, and “fill the gap.”
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Feds will go aggressive interest high rate hikesThe Feds are going aggressive after raising 0.75 points.. big feeling will go 100BPS will cause everything to crash …which means this crash had already started. The resistance are very strong and cause sell pressure even harder.
If the pivot happens then the bear market will finish its near target bottom. 11300 is a Best Buy zone highly suggest. If the Feds pivot haven’t happens after there meeting then we will see much worse more drops aggressively
Towards more downfall as the Feds rising rate hikesThis Wednesday in a morning and at 2pm. Powell will be on a stand to go aggressive the inflation rising another rate hikes..
Most to see the market to crash.. short retrace for Ethereum but the bears shows more strength resistance are stronger and the bears as well.
Target will be 1000 then 860… the. Throughout end of the month into October should drop down to 500 or 400 area.
Stop saying we are bottomed, we are not bottom yet.
Is the Second Sequel of Cryptocrash Beginning Here?
The liquidated amount in just the last 24 hrs was around $65 billion.
Market cap fell to $666 B from $950 B and it has bounced back to the $900 B range.
The last 24 hrs were very chaotic in the crypto environment, fall can be seen in every cryptocurrency in the market. Though the reason for the fall remains unknown, investors are petrified even at the thought of cryptocrash. The liquidation rate has also increased rapidly, resulting in a tremendous plunge in market capitalization.
Total market cap fell to $666 B from $950 B and it has now bounced back to the $900 B range. During the fall at $666 B market cap, the 24 hours trading volume was over $40 B and the current trading volume is above $73 B.
Cryptocurrencies in Cryptocrash
The market crash has affected every coin, including the market pioneers such as Bitcoin (BTC), Ethereum (ETH), and so on. The liquidated amount in just the last 24 hrs was around $65 billion.
The BTC is lower than $18 K, with a 7.86% fall in the last 24 hrs. The market cap is $352 B and the trading volume is at $36 B. The ETH is trading at the price of $1,290 with an 11.22% downfall in price. The market cap is $157 B and the trading volume is at $19 B.
Other altcoins such as BNB, XRP, ADA, SOL, and much more got stuck in the bearish market. Even the stablecoins like USDT, BUSD, and USDC are fluctuating up and down. The fear among the market is high and the HODL attitude is also not on the surface as of now.