ETH Ethereum Selloff Price TargetIf you haven`t sold the top on ETH Ethereum:
After analyzing the chart patterns, I would define the revised buy zone as ranging from $2170 to $2370, as illustrated in the chart.
Crash!!!!!
Polkadot (DOT): Are we done yet?We had to reassess the situation with DOT on the daily chart and have concluded that we are still not seeing the completion of Wave (2). Why is this the case? Because the correction downward following what we assume to be Wave (2) is too brief in duration to be considered a Wave 2. However, the upward movement towards Wave B was surprisingly strong. Since we have now fallen below the level of Wave A, and we make no exceptions for Wave 2 as we might for a Wave 4, we believe this represents an overshooting Wave B, which respected the 161.8% level almost to the cent.
We now expect a downward movement that should reach between the 78.6% and 100% levels. Upon closer inspection, we also assume that what we overshoot upward, we'll compensate for downward, a typical characteristic of an Expanded Flat. Therefore, the 78.6% to 100% range is seen as crucial and robust. The low of $3.56 must not be breached, which would be far from ideal. On the daily chart, we also note a Fair Value Gap above, which remains the only gap on this chart. Eventually, all such gaps get filled. The question remains: will we move towards $4.85 or $9.50 first?
Upon closer examination on the 4-hour chart, we've observed a four-wave structure since Wave B. Currently, we are respecting the 38.2% to 50% zone for Wave ((iv)) and remain below it. The scenario we believe in indicates a potential drop to $4.85. The timing is uncertain, and we may see some sideways movement for a while before experiencing a sharper decline. We've reached the 2.618 Fibonacci time zone, indicating a perfect setup for Wave (2). We've missed this by a day, but still anticipate a further decline, remaining within this golden zone.
Additional Fibonacci clusters lend further confirmation, therefore, we expect significant buying volume in the range of $4.85 to $3.56. This would be an intriguing entry point as we are at the end of Wave (2), predicting that the subsequent Wave (3) will surpass Wave (1). The peak of Wave B at $11.88 offers a solid target, potentially making this a very interesting long-term swing trade.
SOFI EARNINGS CHART, BRING YOUR BEAR SPRAY. BIG DROP TO UNDER $5Current price takes it down 36% to price target.
Closes the gap on the weekly.
Earnings at this specific time when things like yesterday happened on the big stocks.
And Snap going 30% up after going down big in the morning.
This move fits within the currently reality of price movements.
Even if we head up some 12% on the day and it's bullish, watch for the drop into the AH.
Could be really big.
Good news for bulls, the price target at 4.45 to 4.9 is an entry target to go long up to 17.
But it would be good to see the downside first on this earnings call.
And setup for a big run as the meme stocks start to fly.
Mid 6 is support and could see a bounce and maybe we see the rest of the downside on Monday finish out throughout the next few days.
Good luck with whatever you choose on earnings!!
Personally, I see the downside coming. But I'd like to see some upside today on sofi to really pull the price swing to a pretty large percentage move, and give puts some more upside. But I'm not sure as I haven't looked at this stock in awhile.
Price targets and trends are marked. Those should be fairly good to use, but with earnings, it will break a lot of them quick in both directions. But more so on the downside.
The orange trends are fairly strong rejection trends.
The support trend is fairly strong.
BUT the weekly has a wicked nasty last drop showing.
I'd say normally we'd hold that support trend, but they have been breaking hard in the AH earnings moves.
Helium: Another Shitcoin Down The Drain!Look at the chart and recogize. That is a SHITCOIN SCAMCOIN chart.
Down -70% and far from done crashing. If $3.90 breaks, it's all the way down to $0.50 for this turd.
This will be the fate of all SOL #Solana ecosystem scam shit coins such as HNT #Helium and MOBILE #Mobile.
I would not be surprised if this drops another 95% from here.
Helium , Helium Mobile , and all other #DePIN shitcoins linked to Solana ecosystem are dying in real-time and we are lucky enough to witness it.
Shorting this on leverage = EZ, free money!
$SHOP 10D wants $68 if we stay under $80Of course, all ideas are my opinion alone. SHOP went a bit crazy last week but still rejected the same gap from the Winter 22' pullback. Looking at this head and shoulders on the daily, PA seemingly looking for a touch of the gap below around $64. May have to wait for the first week of April for the move to be underway. Keep on Watch, with a Bullish Market, $82+ possible before the end of the week for a Bull Trap setup as stock is breaking trendlines of the possible larger timeframe bear flag its been in since Spring 22' .... Stay Patient.. after high $60s I'll be looking for a rally to fill gap above at $89.12
BTC is seconds away from a DUMPPP!!!this high is strong, there's no liquidity above it, price has swept all valid liquidity below the arrow and is seconds away from crashing !!!
A Speed Bump or a Sign of Things to Come?The recent dip in the crypto market, triggered by escalating tensions between Iran and Israel, serves as a stark reminder of the market's volatility. Bitcoin prices plummeted to GETTEX:59K before a swift recovery, leaving many investors wondering: was this a blip on the radar or a harbinger of things to come?
**The Iran-Israel Factor:**
Geopolitical tensions have historically impacted traditional markets, and crypto appears increasingly susceptible as well. The news of a potential war undoubtedly spooked investors, leading to a sell-off. However, the market's swift bounce back suggests that the long-term outlook might remain bullish.
**Bull Run on Hold?**
The upcoming Bitcoin halving, scheduled for sometime in 2024, is a highly anticipated event that often precedes bull runs. While the recent crash might cause a temporary setback, historical data suggests that these halvings often lead to price increases due to a reduced supply of new Bitcoins.
**Full-Fledged War? A Bearish Threat?**
A full-blown war would undoubtedly have a significant negative impact on global markets, including crypto. Increased risk aversion and economic uncertainty could trigger a prolonged bear market. It's important to monitor the situation closely and adjust your strategy accordingly.
**The Power of Diversification:**
Regardless of the bull or bear market predictions, diversification remains a crucial strategy. Spreading your investments across various cryptocurrencies and asset classes can help mitigate risk.
**The Final Word: It's All Speculation**
The future of the crypto market, especially in light of geopolitical events, is inherently uncertain. While a bull run is still possible after the halving, external factors can always play a role.
Here's where **you** come in! Join the discussion in the comments below!** Share your thoughts:
* Do you think the recent crash is a sign of a larger correction?
* How will a potential full-fledged war impact the crypto market?
* What strategies are you using to navigate the current market climate?
**By fostering a community of informed investors, we can all navigate the ever-evolving world of cryptocurrency.**
**Disclaimer:** This is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial professional before making any investment decisions.
TETHER (USDT) COLLAPSE IS IMMINENT! With the United States about to pass strict regulation regarding stablecoins, which includes a measure to insure "Robust transparency, audit and reporting requirements," Tether is absolutely doomed, as they have consistently refused to confirm a 1:1 peg to the USD through an independent, third-party audit, which in my book, is because they're not doing it.
Something is fishy with Tether, and I would not be surprised if it has not maintained the 1:1 peg as it has claimed, but will soon be exposed as a fraud, and a ponzi scheme designed to benefit its owners at the expense of the general public.
On April 9th, Senator Kirsten Gillibrand (D-N.Y.) announced that:
"This legislation develops two paths for stablecoin issuers.
1- The first path would be for depository institutions that would allow for both federal and state bank charter depository institutions to become stablecoin issuers after an approval process.
2- The other path would be for nondepository institutions that would give the federal government supervisory authority over the state nonbank institutions while preserving states as the primary functional regulator."
This spells the end for Tether, and certain doom for any company whose business model relies upon it, such as: Exchanges, OTC desks, Trading Platforms and Wallets, Remittance Services and DEFI Platforms.
You were warned! Don't get caught holding the bag!
Bitcoin Correcting to 61k, Just as Forecasted!Remember when I shared my insights a few days back? It's all about staying ahead of the game! 💡
LLY, LILLY IS THIS STOCK PRICE SILLY?I hope you appreciated my rhyme.
So what to say about this.
One main trend line at the moment.
Big support incoming at 580 to 560 range.
Really big support at 108.
The lines in the middle (light green and red) are fairly weak and more likely short term targets.
I assume the long term targets will line up well with the gaps which are marked in orange.
Orange also on RSI, which is saying be careful.
Short term can take it up to 980 or so but I think the lower targets are more likely and we'll see the higher targets after trend breaks and before it starts to really drop.
However, there are a lot of possibilities that can occur.
The main possibility looks to be a chance of a move to 980, but more likely won't get there and might stick around 780.
I really have a hard time saying what this will do and when it will top out, I could tell you more if I watched this daily, but I don't.
This chart is long term price targets for the downside and the upside.
Given the single trend, you'll need a new chart as more develop, feel free to message if I haven't updated after some time.
I think that covers most everything.
Summary.
I think this stock is overvalued big time, but still has potential to keep seeing more upside in the short and mid term.
CATASTROPHIC MARKET CRASH - Looks to be COMING VERY SOON!The fractal pattern on the charts is nearly identical, and after the crash we saw today in the crypto markets, this could be a precursor of what's about to happen in the Equities, and Futures Markets.
I would be very cautious right now!
I'm completely out of the market, with the exception of long-term crypto holdings.
Good luck, and run a tight stop-loss!
Just bought into MATIC during the dip for my long-term portfolioJust bought into Matic during the dip for my long-term spot portfolio. Excited to see where this gem takes us! 💎
XRP FALLS OFF A CLIFF! BREAKING THE JUNE 18, 2022 TREND LOW.XRP has been absolutely struggling to hold even mediocre gains as of late, and has now broken the June 18, 2022 trend low, which has held for a year and ten months.
Is this a disaster for the XRP price in the coming weeks, or be an incredible buying opportunity?
Let me know what you think in the comments below.
I'm expecting from BTC to 'crash' a 100%.I'm expecting price to 'crash' a 100% (till 40K) before the real breakout plays out.
DONT GET FOOLED BY THE HYPE IF PRICE HAS REACHED 80K!
BINANCE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSDT BYBIT:BTCUSDT
Microsoft (MSFT): Climbing to New Heights or Ready for Reversal?For Microsoft, we've recently observed an uptick and, for visualisation, activated the 100% level on the two-day chart as a maximum target. A closer look on the two-hour chart suggests that we might be in the final wave, Wave 5. Since developing Waves ((iii)) and ((iv)), we've formed four more waves and are now approaching a new all-time high. We consider a maximum of $450 to be realistic, though further increases are possible. After such a substantial rise, we expect the target range to be between 38.6% and 54%, around $450. This area could be intriguing to monitor for a potential trend reversal. If such a reversal occurs around $450, we would look out for possible short positions. However, should we significantly surpass this level, which we currently don't anticipate, we would seek long positions. Depending on these developments, we'll adjust our strategy accordingly.
Netflix : Is a Major Market Correction coming? 📉Following our last analysis, Netflix has precisely achieved the forecasted targets, with the wave ((iii)) extending to 227 to 261%. This suggests that a correction towards wave ((iv)) might be imminent, expected to range between 38% and 61.8%, thus laying the groundwork for a wave 5 and the culmination of a significant cycle in the form of a potential wave (2).
A closer examination of the daily chart reinforces our primary scenario: the completion of Wave II at the low of $162.80. We are currently in the process of developing Wave (1), followed by Wave (2), and so forth.
In our alternative scenario, we consider the possibility of a Regular Flat, especially when analyzing the complex correction currently unfolding. This might indicate that rather than concluding Wave (2) at $162.80, it was actually Wave (A), and we are now witnessing Wave (B) achieving exactly 100% of Wave I. Such alignment could signal a 5-wave decline towards a double bottom, marking a significant correction of 70%.
While such a correction would be substantial, it is essential to explore all scenarios to be prepared for any market developments. Despite the potential for a significant pullback, our underlying outlook remains optimistic, expecting a continued upward momentum for Netflix.
Coinbase's Market Outlook: A Simple OverviewSince Coinbase went public in April 2021, its stock price has taken quite a tumble. Looking at the weekly chart, we're in the middle of a downward trend, marked by a 5-wave cycle that's not looking too cheerful.
To shake off this gloomy forecast, the stock needs to climb above the peak of Wave (1), which is at $208. If it can't make that climb, there's a good chance it might revisit its lowest point ever at $31.55. There's a bit of a funny situation with the 50% extension target shown on the chart—it points to $-10, which obviously can't happen. 😅
Realistically, we're expecting the price might settle somewhere between $35 and $30, with a double bottom pattern seeming like the most likely scenario.
We'll keep an eye on things and see how it unfolds.
SOL, THE POWER OF THE SUN WITHIN MY HANDDid I get the spiderman line right? It must be close to that.
idk.
Either way, a neat trend setup on SOL to share.
A drop to 83 can spike to 115.
This is per technicals.
I would say there is a greater than 50% chance we see a move to the upside soon on this trend break, and then a big retracement down to the mega trend, but again, it doesn't have to go anything like that.
Either way, expect support at mega trend or just below mega trend, which is a great buy zone. Expect a move to the upside on the breakout of the smaller trend.
Resistance comes in around 115. It doesn't have to get to 83 before it goes up, it can break trend before. However, it can also go down lower before the breakout, watch the trend.
Good luck
Quick chart as I'm trying to get more earnings charts done for the week.
Stock market peaks in July 2024, followed by an epic crash?I have made some calculations regarding potential stock market development in the S&P500 in the coming months. There is of course no guarantee that it will turn out exactly like this, but there are very interesting mathematical correlations in an optimal scenario.
Since January 2018, the price has been inside an ascending channel with a couple of hits at both the bottom and the top of the channel and is on the way up.
I have then measured the time and height from the covid low in March 2020 to the next peak in late 2021 and then made an exact similar measurement from the low in October 2022 to a possible future peak.
Then I tried to find Fibonacci levels that coincide with the tops and bottoms of the chart. It can be tricky where there is no data but there are methods to resort to. If you measure from the bottom after the financial crisis in 2009 and to the highest before the covid rebound in 2020 (3397), you see that this ends up at the 50% level in this calculation. If you instead do a Fibonacci Extension between these levels, you end up at the same potential top level in the chart (double the distance). I have chosen to leave this out of the diagram to try and keep it as clean as possible.
The really interesting thing is that all these measurements converge at exactly the same level and time. This occurs in July 2024 at ≈6121.
Historically, peaks in the market usually occur around the same time that interest rates start to fall. According to the forecasts, it currently looks like it could happen in June this year.
If all this were to occur, we can note that the rise from October 2022 will then be 75%.
Should there then be a really big stock market crash and we look at the symmetry, i.e. 75%, we see that an equally large percentage decline would take us exactly to the levels at the double peak in the dotcom bubble in 2000 and the peak before the financial crisis in 2007.
This is therefore a calculation based on an optimal scenario, and such scenarios unfortunately rarely occur. But it's worth keeping in mind in case the market takes us there anyway.
Short METAThe recent top is our first pivot point, we will anchor short entries below the 472 level with target 1 at the previous top 384. This is the first test trade against a pivot top and a tight stop range should be set.
There is a massive short upcoming which will be a steep fall, a crash fractal unless the cycle alters in an unlikely event.
Trade safe, stay connected..... good luck
COCOA about to crashNot much of a technical analysis as we can see but there is not much we can do about it. The chart is just parabolic due to the high amount of big companies hedging against the worse-than-expected harvest. The fundamental analysis could not be much of a help either because nothing can resonate with such pricing for the cocoa. This type of trade is just speculative because it has a decent Risk-Reward.
Stops above the previous high
TP between 7,000-7,600$
Bitcoin big crash is about to start...As you can see BTC couldnt close above the weekly structure high and now it's making a SCOB confirmation .
if the price close blowe the 63100 in weekly timeframe then we could see 40K & 30K & 20K & 15K & and 12K
we have an extreme OB on 12K and if it drops to 12k we can buy to 74k again.
The Great Reset
After Trading for some time ive gotten into all types of analysis, i personally found Elliot waves and Fibonacci retracements the most interesting, i look at long term and short term trends, and the other day i was looking at the S&P500 and DJI over large spans of time, and the more you trade using patterns and waves things just click when you see them, I spotted what i find to be quite the interesting pattern, a rising wedge going all the way back to 1896 for the DJI, and 1908 for the SPX respectively. This is all theory and chart analysis IS NOT full proof its NOT financial advice its NOT a warning its just me looking way back and you can too ive plugged in the charts i was examining and i must say its a bit scary to think about and if the wedge plays out properly potentially the greatest wealth transfer in history could occur. Let me know what you all think am i crazy or am i crazy lol
AMEX:SPY SP:SPX TVC:DJI
