Crash
Ethereum poised to a big crash - full anlaysis on BitCoke [1]Ethereum, the backbone of crypto bull market from 2020-2021, has undertaken a serious plummet from its peak starting October 2021. The downtrend precipitated from December and continued to the middle of January this year, the price made a bottomed at $2300 and started to recovered to some extent, even able breaking above $3000.
Over the past 4-6 weeks Ethereum price has gone through some ups and downs, following the pace of the real world political & economic events. From the weekly chart standpoints, the price has consolidated between the range $2300-3000, form a triangle that most likely constitutes a continuation pattern in a bear market, signifying more downside to come.
It's worth mentioning that in the chart the recent price bounce even failed to reach the downtrend line. It means the price strength has become much weaker than last month.
That said, the most logic move for Ethereum is to continue falling. Besides, I don't see there are any positive factors in the near future that support a bottoming around $2500. Ukraine is a mess. Inflation is out of control which reduces the buying power of people's savings. Blockchain technology doesn't make new breakthroughs, with existing theme including defi, gamefi, NFT losing appeals.
I predict the price of Ethereum will break down key technical and psychological level of $2000 in the coming 2-3 months.
$AAPL - Apple is starting to weaken in this correction!Apple gapped below the 200 day moving average today, and we even saw some baerish follow up during the day. Apple below the 200 day moving average is very significant, happens rarely and if it happens, usually we see a bigger correction then.
We are in a pretty solid channel atm, with decent reactions at the supply and demand side. Should we break that channel though, first watch for the grey box to find support in there, as it is the golden zone (.382 - .618) from Covid low to ATH Fibonacci.
IF that box should be broken as well, we are poised for that huge gap close at around 100$, Apple has ALOT of gaps in it's chart, but i think that gap is so big, and marks the break of 100$ and got never backtestet, since we broke out back then, wouldn't be weird at all, if the market should decide to backtest that. .786 retrace, which would be considered deep value would correlate to pre covid ATH.
Watch this chart guys, this is probably the indicator, of what we can expect from the broad market, we need Apple above 200 day EMA, or things might get really dicey.
Stay safe !!
New trend line for the S&P? 4th industrial revolution starting?Is there a new trend line on the horizon for the S&P 500 and the market overall? I compare different trend lines including what I guess to be ultra bears like Peter Schiff & Jeremy Grantham's trend line.
If we are entering the 4th industrial revolution, that people like Cathie Wood & Klaus Schwab are talking about, I think we should expect a new trend line to appear. One that is a step change in the ongoing growth of the overall market compared to the old trend line of ~7.5% More time is needed to see what the new trend will ultimately be, but it seems obvious that growth has accelerated in recent time with more companies than ever growing revenue at rates higher than 40%, 50%, 60%, and even 100% a year.
Major Crashes and the Federal Funds RateThe last three major crashes and recessions have been preceded by a period of interest rate hikes by the Fed.
Each hike since the 1970s has gotten less and less far before the economy rolled over, calling for an emergency rate cut.
There are many reasons for this, including the deflationary impact of demographics and globalisation, as well as the ever increasing debt burden around the world.
This has caused us to want lower and lower rates, and to implement Quantitative Easing (QE) when the rates bottom out and cannot be reduced further.
Each time the rates are hiked. Each time the Fed eventually realises the economy cannot cope and performs an emergency rate cut.
Each time in the last three cycles, this came too late, and a crash ensued.
A trendline can be drawn to estimate where the rate hikes could go this time before history begins to rhyme. Incidentally, this is also what the bond market is pricing in right now.
With spiralling inflation, the Russia crisis and the energy prices, the pressure to hike rates is extreme. However, the economy is slowing, the earnings are stalling, and the stimulus is spent.
China's economy has already stalled to the point where its government has cut rates, even in the face of inflation.
When will the US be next?
Unless the Russia/Ukraine situation stabilises soon, this chart is probably conservative.
NIO 14.50 PT BY MARCH 16 NIO will be at 14.50 give or take .50 on or by March 16. The On Balance Volume shows strong selling pressure on NIO, with a clear downtrend channel.
Couple these technical facts with the FED rate hike in one week, and earnings approaching (which I predict to be less than pleasant, given the Geo-Political and economic climate the past two months) NIO will have a hard time breaking resistances.
Coming crash-Ukraine war Crash is coming and bearish bear became stronger and worrisome at Ukraine.
Russia destroyed military base near polish border; further more attacks western Ukraine and become offensive, also China aided to meet tension with the Russians towards Ukraine; even so trump told Biden to try to end the ukraine war otherwise will lead to nuclear world war aka WWIII.
Markets has been weakened from the event still happening and we will be seeing the bear market shortly.
Is Gold going to $100,000? The short answer is 'I don't know'.
What I know is what everybody can see that Gold has broken out.
I look into some of the price action - and it gets wilder as we move deeper up in the trend.
There are no predictions in this chart.
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.
Is the Evergrande crisis over?The looming collapse of China Evergrande Group (HKG:3333), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy.
In the early months since Evergrande’s financial crisis came to light, Beijing stayed mum on the issue, although the People’s Bank of China pumped billions of yuan in liquidity in what was seen as an attempt to quell liquidity concerns.
Over this time, Evergrande’s stock price slipped 95%, from ~25HKD to ~1.5HKD, where it has stagnated for all of 2022.
Evergrande’s massive debt pileup
Evergrande, once China’s second-largest real estate developer, is drowning in more than $300 billion in debts to suppliers, contractors, creditors and investors. The company’s crisis partly stemmed from the introduction of Beijing’s "three red lines" rule in 2020 that made it harder for developers to seek bank financing to fund their projects.
Another Lehman Brothers moment
The large exposure of Chinese banks like Minsheng Bank, Ping An Bank and Everbright Bank to Evergrande prompted many financial watchers to predict that Evergrande's debt crisis could extend beyond China’s property and financial markets, warning that it could spill over to the global markets similar to the Lehman Brothers collapse that resulted in the 2008 global financial crisis.
These fears intensified as Evergrande missed payments on a number of onshore bonds. The world’s three major credit rating agencies have already declared the developer to be in default after missing on its bond interest payments late last year.
However, some analysts have played down concerns of Evergrande being the next “Lehman moment,” as they expect Beijing’s policymakers to prevent the crisis from being a systemic risk.
Beijing steps in to limit fallout
To minimize the potential impact of Evergrande’s looming collapse, Beijing has stepped up its efforts, but without a state-led bailout in sight. Back in October, the Chinese central bank said the risk of Evergrande’s liabilities spilling over to the country’s financial sector is "controllable,” while confirming reports that relevant government agencies and local governments have been carrying out risk disposal and resolution work to mitigate a potential contagion.
In recent weeks, a number of news outlets reported that some banks in China have lowered mortgage rates, offered subsidies and allowed developers to access their funds on escrow in an attempt to revive the housing market.
Beijing also started urging state-owned developers to acquire some projects of troubled builders to help ease the sector’s liquidity crunch. Fitch Ratings recently said Chinese developers are poised to see more small-scale mergers and acquisitions and the impact on buyers’ leverage are predicted to be small "as they select projects with promising returns."
Light at the end of the tunnel
It may take months or years for the property sector to recover as developers continue to struggle with a cash crunch that prevents them from meeting their debt obligations.
However, with Beijing’s subtle approach in reviving the property market, Evergrande’s recovery may be drawing near. In February, new home prices in 100 cities in China rose for the first time in two months, further recovering from the slump in November when prices contracted for the first time since 2015.
Policy reforms could encourage home-buying this year as the government included the healthy development of the real estate sector in its government work report unveiled by Premier Li Keqiang over the weekend. Li said authorities will seek to promote the commercial housing market and stabilize house prices this year.
Foreign investors that purchase bonds and other securities from Chinese builders should closely monitor developments surrounding Beijing’s policies for the sector.
Wallstreets wants the Q's weekly EMA 200 again?Currently we are inmiddle of one of the most chaotic times, and stockmarket is starting to price in some serious fears into the market.
Just eventually be prepared, that wallstreet might be aiming for some real deep value here.
Btw. currently we buy the 100 week average price on nasdaq, not the worst spot to maybe start a fresh longterm depot, DCAing on the way down to maybe the weekly 200 might be somewhat of a chance with long horizon.
Stay safe guys, trade setups coming soon again, busy times..
GBP/JPY: Short PosiitonGreat Britain Pound show right now sell inminent of this downtrend continuation against Yen Japanese to trade Forex
This it's the Daily chart and it's look bearish and Pound could to hit down to $149.46 JPY.
This it's the market structure, but in case that Pound make a pull back to $152.70 JPY approx. This zone it's another opportuity to sell in case that we fall this trade.
Now, in H1 I see this price action and Pound forming a bearish hammer, an indication to sell.
So guys, in our economic calendar there're nothing for tomorrow to still pending the pause of the market when that pass, but we hope to read everyday in our Forex news to know what happen in the world, specially in this conflicts of war between Ukraine and Russia.
US30 still playing out the 2008 crash patternPrice broke the support again. We are early in the week but looking to cover the previous wick and possibly head lower.
Given that a war is going on now, and not simply an economic crash, we may not even get a second pull back (people buying the dips).
Expecting to clear the previous candle wick, to 32,300, and we'll see how market reacts from there.
WTI Symmetry, Could be funJust looking at this 2020 run up, might be a symmetry move. Threw a couple forks at it, I don't have a horse in this race and GeoPol is obviously the jockey here. Fork play on the Rulble/USD puts $0 on the table for Russia in the next couple months too. Gonna be a wild ride.
DYODD
How's That Great Depression Fractal Lookin'? (Dow Jones)It's looking pretty good. Although I was thinking markets could see one final blow-off top, this is looking like less of a possibility at the moment. The bearish narrative has pretty much set in. Although shorts can be squeezed, I think it's likely the market will fail to find buyers at higher prices and get heavily rejected.
Will it play out exactly like this? Most likely not, but the similarity in structure is striking. We also have some similarities in global issues - pandemic, inflation, war....it just continues, only about a century later. This makes sense, because 90-100 years is enough time for many to accumulate generational wealth, and for massive inequalities and inequities to increase due to runaway capitalism. The Dow Jones seems to be confirming a longer term top - the monthly MACD was completely overextended and has just flipped read. Stoch is at bottom and the Ultimate Oscillator keeps printing bearish divergences month after month.
What would happen to crypto if stock indexes declined by a magnitude similar to the Great Depression? I think Bitcoin would probably test levels not seen in years, and perhaps it would bounce more quickly than the rest of the market once the bottom is reached. Things would be insanely volatile. Something like this:
Seems unlikely, and it probably is. But this is all meant as speculation. Let's see what the future brings! There could be some seriously amazing opportunities out there during this turbulent time.
-Victor Cobra
1 and a 2 and a 3...1.. double bounces on Ichimoku Cloud.
2.. Weekly Tenkan-Sen crossing over Kijun-Sen.
and a 3... Chikou Span crossing over prior price confirming trend.
21D moving average on GEX flatlining
Wheat prices, hope you don't like bread.
Oil prices, hope you like being stuck at home.
Nat Gas, hope you have a wood stove next winter.
Vodka losing their damn minds.
This month choices of FUD include:
Nuclear Meltdowns
MAD - Mutual Assured Destruction
Futures Roll
CPI data
FOMC rate hike
Quad Witching
and last but not least Negative Gamma Exposure for everyone!!!
sound money, the play on precious metals is scary thought for metals to do well nations must face difficult times ahead, but with us president having no problem devaluing US dollar to make us markets competitive to export goods, means one think a weaker dollar as other countries do the same thing we are certainly heading towards a downward sprial, and us dollar being a bad place to keep a store of value for your hard heard dollars. just look at the yield curve, they had to manipulate the treasury bills but buying long term t bill and still could stop it from crashing. equities are too overvalued and the coronavirus was honestly the excuse to sell everything. if you really looked that the market it has had severe problems and rapid price appreciation is going to make it worse. i have been conducting research at McDonalds and Wawa and stores alike where they have been increasing the price of goods, and taking items off the dollar menu. the only reason I haven't built a bomb shelter & move to Yukon is cause Arizona 99 cent cans are still 99 cent and Wendys 4 for 4 is still around that my indicator when things are going down cause those are promises lol. enough jokes if you arent heading agaisnt a huge dollar depreciation your in for a rude awaking. just check out dxy if anyone wants i could make a chart. so just know you 401k is effectively gone and the government knows, they made too many promises and now its gonna hurt the people retiring shame. as I had spent some time rubbing elbows with huge investment banking institutions and small ones. they are just peddling financial products to customers and they few u as a number and they are very good that making you feel special. anyway, I do still believe gold and silver will come down a bit. but upside potential very nice to look at if you own some. and everyone should hold a some.
quick bullets
fundamental
+ has been in a bear market for 10 years
+ crackdown on price suppression on metals
+ yeild curve on t-bills just not worth it loose money really.
+ people who weren't in the market before now join in aka your friends bout 2 shares of xyz company and have no idea if it makes sense other then that they love "bla bla bla"
+ every county wants a weak currency
+ feds pooping there pants they did a preemptive .25 rate cut last week and well we could get .75 cut now. so when we go to zero cause powell has no spine
+ world tensions are getting hot turky and russia for example, and Russias FU to opec classic saw it coming lol.
and I could go on and on. my main gold is just preserving my wealth. which is by i sold all my equitys a while ago and am focused on commodities as they are at a near all-time low and you and i can buy things at a record low price that hasn't been seen for 40 years.
oh also there is gonna be a supply crunch as Wuhan is one of the biggest manufacturing cities in the world and well we all know there is effectively no activity
also farming looks like is gonna have a really hard time this spring with there output.
have a great day
-MR MR
Bitcoin About to CRASH! This happened THREE times in 10 Years!Hi All,
Hit the Like and Follow button before we get started!
One of the biggest signal that Bitcoin is going to crash soon just flashed again! This happened THREE times in the past 10 years and yesterday it did it for the FOURTH time! (see the green arrows on chart).
1. The first time it happened on September 2014, it crashed 60% from $400 to $150
2. The second time it happened on August - November 2018, it crashed 50% from $6,400 to $3,200
3. The third time happened on March 2020 (aka COVID Crash), it crashed 40% from $6,400 to $3,800
4. The fourth time is happening now on January 2022, currently at $35,000 and it could potentially crash 40-60% to $21,000 through 14,000
Each time this happened, we reached the final bottom and full capitulation.
Place buy/long orders at $21,000-17,000 and $14,000-9,000 and wait!
Thank me later.
Note: It could take days or few weeks or couple of Months before the crash happens.
Happy trading!
Carl M.
Check out my previous analysis