Crash!!!!!
(US30 4H) Yes... A little dramatic but US30 If we can't hold support I see a 20% correction then we will see how people feel after that.
We have been going up since I have been born lol. Another big dip would defiantly improve its chances in making a new all time highs for the future, but feel detrimental short term.
KEY LEVELS:
SUPPORT - 34000
MORE SUPPORT - 29092 THE VERY WORST POSSIBILITY BUT...
If we see a DAILY candle break below this red line (33,140) We're Ducked quack quack
Happy Friday Traders
NIO ShortTechnical Analysis behind my short position on NIO. I have been watching this triangle channel for a while now and with this last week, it appears it has strongly broken out of that candle. Before entering a position I am waiting for it to retest the bottom support of the triangle.
Just speculation :)
WHERE IS SPY HEADED - SHORT TERM? In the chart above, I have marked two separate trends/ wedges.
SPY loves to form wedges. The orange, diagonal line is a trend that has been followed since January 10th. The orange horizontal line is a key support range. I expect both of these to conjoin, forming a wedge in the next few days.
The yellow lines showcase a wedge that has already formed, and that SPY has been contained in since January 24th.
I expect SPY to test the 420 range two more times. The first time, rejecting and bouncing back to the top of the orange trendline. The second time, possibly breaking through to 416, and then further to 410.
On the 1hr chart, we also finished with two Hammer Candles, that both have long wicks and a bit of a Morning Doji Star. In the premarket so far, we are .22% lower than the previous day.
Unless these wedges have a complete break, I will shorting (at least until the 420 price range.)
Do not fight the Fed Market is setting up to crashThere a millions of market viewpoints. The nice thing about tradingview is that for the most part the viewpoints are technical in nature.
Put simply the technical viewpoint I want to show in the chart here is that the nasdaq composite is under heavy selling pressure. We had a rebound today January 10th, 2022, but it was nothing more than an intraday rebound. The weight of the evidence still points to down market and accelerating down.
The narrative too often even from technicians is that the market will bounce, is due for a bounce, will bounce make a new high first, finds support etc etc.
Well guess what, sometimes the market does not bounce that much or even find much support. Sometimes it falls really hard and *drops like a ROCK*. Sometimes it just goes down and *stays down*. Sometimes it will go down 5 limit down days in a row without barely a bid.
So the chart pretty much says it all. If we view the peak in the Nas composite as November 22, 2021 then we count the number of days until we reach last support and then peak selling climax. The current nasdaq time frame is *barely* holding onto support. Today's one day reversal candle was not a victory, just an intermission.
The key aspect of the overall chart is the *Final Rally* that occurred in December 20th, 2021 to December 28th 2021. That rally was a suckers rally and was orchestrated so that the big money can sell and sell really hard. That same final suckers rally also occurred in 1987. It gave the appearance to most market participants that the market was setting up for another new high, new bull trend, new rally and all is well. And yet those dreams were dashed, and then came the rapid bearish engulfing with a speed and force that most are not prepared for. The SPEED of the price action down is what causes most people to not be able to react quickly enough and get out in one piece.
I certainly do not wish a decline as severe as 1987 but we just have to look at the technical price structure and make an honest assessment and take it from there....
Bitcoin to $20,000!? Taking a quick look at the market to build some planned buying zones. Yellow shows you the dollar zones I am looking at. Parking dry powder with some limit orders is your best option here as some exchanges have larger liquidity drops than others. I am not sure if we will head to $20k but that probability dramatically increases if we break $30k and our support line becomes resistance. If we do head there I believe it will be short lived. Watching the news on Russia, Evergrande in China exploding, FED talking or walking, and the commercial real estate market in the next few months finally showing their defaults hitting financial stocks. There is a lot going on in the short term so be nimble, be quick, or trip over the candle sticks.
SMC !! BASED ETHEREUM (ETHUSDT) 1H IMBALANCE FILL SCENARIO 1/2As you can see, ethereum created an institutional imbalance (IB) that it has to fill, if it doesn't complete the double top scenario:
It will therefore rise to 2.56k before dropping back down to its recent bottom at 2.32k and then taking its way down to 1.7k:
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If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️
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ETHEREUM (ETH) DOUBLE TOP (SCENARIO 2/2)THIS IS SCENARIO 2/2
If ethereum completes a double-top/M pattern, it will probably fall below the 2k range.
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️
Stay updated for more content
Have a nice Day : ) Bye!
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DJI: Why it could go southIn this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture.
In particular I look compare squeeze momentum and RSI patterns in both periods.
There is always 'hope'. But hope doesn't rule against market crashes.
This is one hypothesis - not a prediction.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTC Accumulation - Ranging for 6 to 8 weeksBTC is in a precarious and slow position. Affected majorly be the larger economy, rising interest rates in March, instability in Ukraine and general Corona recovery but weak economy - we're going to get thrown around.
I would expect BTC to stay range bound between the hard tops at 39-40k and the hard low at 30-25k. This will give a middle range and a no entry area for me in the 35-36k area. When in the middle, you are truly gambling with entries and exits.
I'm currently sat 95% in cash and being patient whilst I wait and be greedy for my entries on the low side, or shorting on the highside.
On smaller time timeframes like the hourly, BTC hit its 0.5 Fibonacci level from its recent push down and rejected hard. This doesn't give me confidence.
We're in accumulation territory. Use this time well.
BTC Detour to 40kBTC Detour to 40k
I think we’re taking a detour to 39,600 - 40,800 range. Then will continue downwards, finally hitting that 28-32,000 range.
So I’m Bullish In the Short term and Bearish, after previous resistance.
Then we Moon.
I think there are way to many whales in crypto now and don’t see how the price is this low, so I hope we bust through 40… But becoming familiar with BTC’s chart, it looks like Bears aren’t finished yet?
Laugh now, Cry Later QQQ Buyers have a week to prove me wrong.
As you can see this does not look good, buyers seem to have delusions of grandeur.
I'm sitting in cash slowly shorting assets I see weakness in, you will see what happens soon
Cryptocurrency will crash by the way when Satoshi trial happens.
NASDAQ:QQQ
TVC:NDX
CURRENCYCOM:US100
SP:SPX
AMEX:SPY
FOREXCOM:SPXUSD
OANDA:SPX500USD
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
COINBASE:ETHUSD
Perspective on just how much this bubble will blow upLook at how overbought this market is......the rest of this year will be gross! Slow down and even a reversal in Fed Policy. Don't fight the fed. They are now removing liquidity from the economy. Take profits and short or wait on the sidelines in cash...
BTC-UST price divergence on OBV and PVTThere is a clear price divergence in the recent period for BTC-US Terra stable coin. Volume appears to be buying BTC with UST and it is maintaining volume over time. This divergence indicates a likely BULLISH Reversal in BTC for the near term, possible to see recovery as soon as February
Tesla ~ TSLAZooming out here on TSLA we know that this stock is an absolute beast and with any dips given we should be investing for the upside potential it has.
TSLA on ER has potential to drop massively and can be loading up in the 700-800's possibly, this is pure speculation but if this drop comes it would be quite okay for it in the longer term.
Elon is on the call though, but lets see if he doesn't have enough magic to entice stockholders. If prices goes up higher, I'm just as happy.
DON'T IGNORE THIS ETHEREUM CHART!Hi everyone,
I figured it would be a good idea to share this find with the community. I'll explain below what I'm seeing:
RSI - Matches the same pattern as Ethereum during "consolidation" in 2016 before the euphoric 2017 bull cycle
MACD - Oversold levels not seen in years
Duration of Consolidation - As you can see, the duration of the phases circled in white both span about 90 (270 days)
Retracement - Both ranges circled in white had similar pullbacks of about +50%
Bull Market Support Band - Right before the start of a new bull phase in 2016, the PA trended below the BMSB before breaking out (we are currently at this point when comparing the two)
Obviously this isn't to be taken as FA, but it could be a very unique and rare opportunity to enter the market/add to your position as a bull/long term holder.
Let me know your thoughts!
Twitter @illusivetrades
The long waiting Correction. SP500The markets have clearly now taken a good downfall. I wont say the time has come or act like a guru , but this is the ugly truth, we are entering in a bear market , yet cant say for sure that it will continue to fall like a rocketball, but if we have a correction and again it continues downfall, we can say we are in a bear market. The truth is that if this happens we should see a 30-35% downfall , for a good correction for the overall market, beacause we all know that the market continued to new highs after the Covid-19 outbreak, even though economy was not booming , feds printing more and more money and inflation rate at 7% . Also history repeats its self ,that happens to the financial markets too..!!! . In 2008 crash markets fell 50% and that happend in a period of a year , so dont be surprised if wee se the same thing here too. To sum up , the one who loses money and afraid of the current situation is the one WHO IS NOT PREPARED FOR IT, TRADE WITH MONEY YOU CAN AFFORD TO LOSE!!!.
Sol's downfallSOL has always been a blockchain with lots of criticism.. and now it's confirmed to be based on objective facts. With the network going down intermittently the past 6 months, it's clear that there are growing pains and other issues that Solana has yet to have addressed properly. I have been, and always will be bearish on Solana long term.