Short GUPrice action is signaling short signals. This setup looks great for the beginning of the week if you're going to hold all week. Trading less is doing more.
Descending Channel
SHORT NZDCHFAnalysis is posted on my chart. Price action is signaling another short signal. Best of luck traders!
USDCAD ! Broke resistance zone, Long trade idea. USDCAD 1.36 broke the zone of strong resistance. When the price pullback, you should open a long position.
Acreage is flirting with the resistance of a descending channel Bullish cross on the KST & Williams alligator.
The stock is getting very close to the 200DMA.
PolkaDot - A huge breakout or a trap?
Please do not buy DOT. There are many, many better coins. This analysis is for you if you want to get out of DOT or if you want to buy DOT.
This altcoin looks really bad. I would not buy it. But, it looks like we will have a relief uptrend.
I think we can definitely reach at least the 0.382 FIB retracement of this downtrend wave. This wave should be completed and we are looking for a bullish correction.
We have a descending parallel channel that has been destroyed by the bulls recently. So the bears should pause for a while.
As per my Elliott Wave analysis, there is an impulse wave, which is a great sign of weakness. This is probably not the bottom!
I expect a huge bear market after the retracement, so be careful with this altcoin.
Look at my ideas about APT, ETH, BTC, and inflation in the related section down below.
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Eth appears to be breaking up from channel. Target $1843Just broke above the resistance of this brown neckline too. Next resistance on the way to the measured move target is the 200ma in blue. *not financial advice*
S&P 500 E-mini Futures, Short StrategyHere's a possible short strategy based on S&P 500 E-mini Futures daily chart.
Based on previous price movements I would enter a short position. Await first for confirmation, then enter a position. Keep your stop loss somewhere above the upper channel.
Target 1 - $3690
Target 2 - $3590
Target 3 - $3500
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like me to analyze next.
Trade safely!
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Bitcoin - Drop to 13 000 USDT! But first a relief uptrend!🟡
The situation for Bitcoin is terrible. There is nothing bullish at this moment. We are below the 200 weekly moving average and the main trendline from 2013 has been destroyed by the bears recently.
The bulls are weak, and the only trump that they have is the 200 weekly moving average on the TOTAL crypto market cap chart, because the price is above this level.
On the 4h chart we have a descending parallel channel that is well respected, so there is a possibility for another drop down in the immediate short term.
As per my Elliott Wave analysis, an impulse wave has been printed on the chart, and this is absolutely devastating for the bulls. That's not what you want to see.
Anyways, I think this impulse wave is done or almost done and we should go up for an ABC correction above the previous triangle to wipe out late shorts on the futures.
Then it looks like we will continue lower to 13 000 USDT, which would be a great zone for a long position back above 25 000 USDT. However, I don't think we will hit the all-time high in the next few years.
It looks like the bubble has popped and we are in the first real bear market in the history of Bitcoin. The first bull cycle from 2009 - 2021 has ended and we are in the first bear cycle. We don't know how long this bear cycle is going to last.
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Bitcoin - You haven't seen this before! (secret)
You haven't seen this inverse head and shoulders pattern before! The price of bitcoin is going sideways, so I had to do more research and find something new.
30400 USDT is a profit target for the Head and Shoulders pattern, which is strong resistance. It's the measurement target of the HaS + previous symmetrical triangle point of control (POC).
The 5–10-year bear market is not confirmed yet, so do not fall for it! First, the bears need to break the 17500 USDT level to confirm this scenario.
The stock market is crashing like crazy, but Bitcoin is extremely durable. So good, right? Or so bad, if you are in a short position.
As per my Elliott Wave analysis, we have started the uptrend with an impulsive structure (9 waves), which is definitely a great sign, because 5-9-13-17 waves are impulsive, while 3-7-11-15 are corrective structures. An ABC correction of the previous impulse has also been completed successfully.
Is this inverse head and shoulders pattern the last hope for the bulls? I think so.
Is this the last time we can purchase bitcoin for less than $20,000 USDT? Not sci-fi.
Is a 5–10 year crypto winter possible for the crypto market? If we break below the 17500 USDT level, then yes.
Is it possible to get 3000 USDT per bitcoin? If we break below the 17500 USDT level, then it's actually very possible.
Is Bitcoin a Ponzi? Yes!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Vimeo Bullish Divergence with a Gap to Fill AboveWe have Bullish Divergence on the RSI and MACD near tyhe bottom of a Channel i think it will target the top oof the channel from here and if it breaks out then it will target the gapfill significantly above us.
zyduslifeZydus broke above descending channel with decent volumes.
Could be bought with mentioned stoploss & target.
USD/CAD: Expectative in the trendFundamental Analysis:
1. U.S. Treasury Yields climbed on Monday as investor remained concerned the FED would maintain it's ultra hawkish stance on fighting inflation despite economic data pointing to a slowdown in U.S. Business activity in October.
2. Investor will be watching closely at any indication from policy makers of a less aggressive approach regarding future rate hikes as FED expected to increase 75 bps in the next week.
So, we see some fundamental news that sound negative and could to affect the Dollar. But now, we could to see a possible sshort position in USD.CAD to short.
So, we hope it!!!
Good luck!!!
ADA - 47% CRASH | Buy here!
I am very bearish on specific altcoins such as ADA, XRP, SOL, LUNC, SHIB and much more. Why? Because the charts are terrible and I don't even know why you should buy these overpriced altcoins that will never make you rich. Some gains are possible, but you have to focus on altcoins with low market caps, not these Giants.
It's too late for the party. I am not saying these altcoins are bad. These coins are great, but the market cap is too high and whales want to buy them at a cheaper price.
Cardano is in a massive downtrend, basically in a free fall mode, and another 47% drop is likely in my opinion. There is pretty much nothing bullish on this chart; the bulls completely disappeared.
You can buy ADA at 0.1841, at least for a short-term bounce (150% - 300% profit). I will inform you about possible targets next year, so do not miss it and follow me!
The price is printing a falling wedge pattern and a descending triangle. As you can see, the bears destroyed the triangle without any problem!
From the Elliott Wave perspective, the market structure is insanely bearish and I expect 2 huge impulse waves downward to complete a major ABC correction.
The bears are in power and I would not play with them at all cost. We need much more time to recover from this abyss.
Look at my ideas about XRP and LUNC in the related section down below.
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Bitcoin - 2018 vs 2022
I know that bullish analysis on Bitcoin is extremely unpopular at this moment. I can feel it in the comment section of my several previous Bitcoin analysis.
The most popular ideas on TradingView are extremely bearish, and the sentiment is very negative and fearful.
Pretty much everyone is expecting 13k. In this case, I am not saying the crowd is wrong, because during a fifth impulse wave, the crowd might often be right.
The situation is, of course, very different this time compared to 2018, but I have seen a lot of these comparison analyses on Bitcoin, so let's do it.
The triangle in 2022 is really weird. It's probably not even a triangle. It looks like an inverse head and shoulders with a steep neckline or a double bottom reversal pattern.
Triangles usually appear just before the end of the trend or at the end of the trend. These patterns are, of course, very tricky.
There is a possibility of a last scam wick to the downside to 17,600-17,900 before the price explodes to the upside! But I hope the bulls will defend 17611 USDT because it's very important from the Elliott Wave perspective.
I hope the bulls will prevent Bitcoin from falling because I don't want a 5-year bear market, I think no one wants it in the crypto community.
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Terra LUNC - 47% drop is in-play!
Maybe there is nothing that can stop an upcoming dump on LUNC at all. The bears are really strong here and we are currently 60% down from the previous swing high.
As you can see, the price is breaking down from the local descending triangle and heading downward to the abyss. Also, we have a descending parallel channel , and we can possibly touch the bottom of the channel!
If you think LUNC is a great coin, then you can buy LUNC at 0.00013, which is a reasonable place to buy because there is a great confluence.
As per my Elliott Wave analysis, the uptrend from September 26 to October 2 was just a 2 wave corrective move. This is definitely not what you want to see as a bull.
You can be sure I will also be bullish on LUNC, but first I want to see some bullish price action, and this is definitely not a bullish price action!
But on the other side, this coin is a perfect opportunity for the bears to short this coin on the futures market.
Look at my idea about XRP in the related section down below.
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SUSHI - Double breakout! An extreme uptrend is coming!
Great news for the SUSHI altcoin, because a descending parallel channel and a symmetrical triangle are currently breaking out with elevated volume!
Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target.
Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong resistance, so you want to take profit here at all cost!
According to my Elliott Wave analysis, a huge impulse wave has been completed, so there is an amazing opportunity for a massive uptrend in the immediate short-term.
As you can clearly see, the last bullish candle looks like a dildo, which you really want to see!
I believe this coin can pump extremely hard. But there is also a possibility of a slow uptrend. Let's see what is going to happen.
It's definitely a tremendous opportunity right here right now for the SUSHI coin, so do not waste any time and do your own research or just press the BUY button!
I expect massive gains for selected altcoins. You can find them in the related section down below.
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QIUSDT - Descending Channel on WeeklyQi has been inside this channel for close to 1 year now. If we can remain above the $0.00850 level this week and next, and close above the channels resistance line, then some decent bullish action could ensue.
AUDCAD - Demand ZoneAUDCAD has reach the other end of the Bearish Parallel Channel, it gives counter-trend traders an opportunity to engage the trade.
On a more conservative approach, counter-trend traders could wait for a double bottom with RSI Divergence on the 1hourly chart.
What is crucial in the setup is that the candlestick shouldn't break and close beyond the blue dotted line.
XRP - 80% decline, be prepared!
An 80% drop is not sci-fi. But at the end of the day, you can buy cheap XRP at 0.1 USDT and hold it to 589 USDT, as the Simpsons predicted.
I am very bearish on XRP because the bears are in full control and I will tell you why in this analysis.
The price is trending in a massive descending parallel channel (very bad) and the first thing we want to see is a break of the channel to think about buying XRP.
XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market.
As you can see on this chart, we have broken down out of the symmetrical triangle, which is an extremely bearish signal. You don't want to see triangles at the top of the uptrend as a bull.
As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward.
We have strong support at 0.1013 USDT, where the market should take stop losses below this swing low before continuing higher to new all-time highs.
It's very dangerous to buy XRP at this moment because this mini uptrend might already be complete.
But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale.
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EURUSD - Bearish Deep CrabA Bearish Deep Gartley trading opportunity may present itself at 1.01285, a completion of this Deep Gartley Pattern is going to invalid the Bearish Channel and that's fine.
This is 1 of the possibility we should look out for.
S&P500 - What if the bottom is in?
I am not saying the bottom is in, but what if the bottom is in? In this analysis, I will tell you why it is possible!
Everyone is extremely bearish on the stock market. There is a record of purchasing PUT options from retail investors and usually the majority is wrong. But in this case, the majority could be right. We don't know.
As you can see, we have a huge parallel channel on the daily chart, and I would love to see a breakout above the channel.
But from the Elliott Wave perspective, an ABC correction (ZigZag) can be considered as completed with an extended A wave. If you are an Elliott Wave trader, you see a nice impulse wave as a C wave.
If we take a look at the RSI indicator, we can see a bullish divergence on the daily timeframe. This gives us hope for at least a bullish bounce to the upside.
The 200 moving average is powerful on the weekly and daily chart. This MA is considered a strong support/resistance by huge institutions and hedge funds together with the 0.618 FIB retracement.
Interest rates are rising, which is, of course, very bad for the stock market. I know this and that's why I am not buying stocks, because I am a trader, not an investor, even though I have bitcoins for the long term.
So, has the stock market reached its bottom? I would say maybe a 30% probability.
Look at my idea about Bitcoin in the related section down below.
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Polygon MATIC - Bullish flag! A huge breakout is imminent.
Matic is preparing for a huge uptrend if the bulls break the bullish flag. It's a pretty good opportunity, so you don't want to miss it!
The bullish flag on the daily chart is supported by an ABC correction (ZigZag), so it makes the bullish flag much stronger.
Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.
The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.
I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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