DIA -can buy nowThis is one of the possible graphs after this correction. Bitcoin over 50k altcoins will continue to increase strongly
DIA
DIA's Head and shoulder pattern.Hi every one
DIA / TETHERUS
DIA has Formed a big Head and shoulder pattern. This Bearish Pattern has the chance to Decrease the price as much as the length between the Head and the Neckline! but the Price has not Broken The Neckline yet! so there is still a chance that the Bulls Take control and Increase the price once again! but If Bulls Fail we must see a Bearish Movement to the support line which is shown in the picture!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
DJI - Potential ABC downDJI with potential ABC down forming the C wave down now.
Seems more likely than a push back higher with the RSI trend and regression channel issues.
Liking the .50 fib for a fairly swift retrace target, but might bounce/hold at the 200-day MA as it did back on July 8th.
A few noticeable price gaps on the 3-hr chart including one very near the 50% fib.
Long DOG calls.
Not financial advice.
DIA ready for take off soon Hi Traders,
We are looking at the 1 day graph of DIA/USDT
- A cup and handle pattern seems to be forming
- Current marketcap: 84.384.171
- Max supply: 200.000.000
What is DIA?
DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source , supply and share trustable data . DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users.
(This is not financial advice)
Have a good one.
DIA touch of the 50 MAWe had a touch of the 50MA today at the opening today and are positive (for the day only). I am waiting for a close today for any following decision.
DIA correction is prob in front of us, how far it will go ?DIA correction is in front of us, how far it will go ?
NFA
🆓DIA (DIA) Aug-17 #DIA $DIADIA has conquered the 1.8$ zone and almost conquered the 2$ zone so it can continue to rise to the 2.6 and 3$ zone in the next few days. But if it loses 1.8$ area, it will fall back to 1.4$ area
📈BUY
🔴Buy : 1.95-2.05$
🔴Buy : 1.76-1.84$. SL if B
📉SELL
🔴Sell : 2.54-2.66$. SL if A
🔴Sell : 2.93-3.07$. SL if A
♻️BACK-UP
🔵Sell : 1.76-1.84$ if B. SL if A
🔵Buy : 1.37-1.43$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
EARLY WARNING NEGATIVE CROSS - SO WHAT?My early warning indicator can offer warning signals well in advance of market turbulence. It can also help on the long side by giving confirmational signals when in agreement with a trend. It recently had a negative cross and is enough for me to raise an eyebrow and err on the side of caution. There are times when a signal crosses negative only to return positive..i.e. a false signal. It is useful, however, after a very strong trend (like we have seen over the last year and a half) and it turns down sharply. Take a look at the vertical lines for examples and take note of the one in January 2020. The signal crossed over bearish and the market sold off. Then the market found support and made a new high but the signal was still under the crossover (negative) and we had an incredible crash. I have no idea what will happen but it is certainly possible we could see a repeat of that.. I'm watching for the following:
a) a sharp selloff followed by a sharp bounce followed by a crash (like what unfolded Jan 2020-March 2020)
b) just a sharp drop... i.e. flash crash (but perhaps not a major top)
c) a false signal and another sideways consolidation and period of noise
Who can say? Just be careful out there, measure your risk to reward, and study. Speculate less. Study more. Also consider looking down when others are looking up... look up when others are looking down.
DIA x USDT longDIA USDT long
entry 1.86 usdt
TP: 2.3 usdt
TP: 2.64 usdt
TP: 2.79 usdt
TP: 2.979 usdt
SL - 9,5%
YM UpdateLooks like range bound trading, possible bull flag.
Probably not a good index to trade in either direction
This is Just Getting Silly NowAfter another run around yesterday on taper talks by Fed Chair, Jerome Powell, global markets are screaming higher, and headed back for their ATH's. As of 8:30AM, the Dow was up 0.34% to 35,051.80, the S&P500 is up 0.18% to 4,408.40, the Russell was up 0.66% to 2,240.10, and the Nasdaq was flat at 15,018.10. China convened a meeting with top banking officials after markets reacted negatively to a broad regulatory crack down. This has Asian markets roaring higher with the Hang Seng leading the way, up a whopping 3.29% to 26,218.50.
Moments ago we saw Q2 GDP come in at 6.5% vs the 8.5% expected. Initial claims came in at 400k vs the 375k expected, while Continuing Claims came in at 3.269MM vs the prior print of 3.262MM. At 10:00AM we'll see Pending Home Sales with the consensus estimate at 0.8% for June. Not that market signals or fundamentals mean anything anymore. But, I digress.
After Powell's promise of more dollar debasement with over $1.4 Trillion in stimulus flowing in on an annual basis, the metals are being heavily bid today for a change. Gold is up 1.7% to 1,830.50, Silver is up 2.85% to 25.59, and Platinum is up 2.04% to 1,079.70. Of course, as inflation hedges are bid, the dollar (DXY) is puking, and is down -0.40% on the day and sitting at 91.95.
FB fell by over -3% in premarket trade after the company reported strong earnings, but admitted their outlook is turning negative with new Apple advertising rules being implemented. It looks like we're seeing yet another strong earnings season, but more often than not, I'm seeing stocks sell off on strong earnings. Potentially, we're seeing large funds seeking to reduce equity exposure by liquidating positions on strong earnings. Due to the "buy every dip," cult-like behaviour in markets, transferring risk on to unsuspecting retail investors has never been easier.
According to Peter Oppenheimer at Goldman, "Buying the dip mentality in general does make sense because we do have policy settings which are really going a long way to reducing the tail risk for investors, the combination of extremely loose monetary policy and forward guidance, together with fiscal support, suggests that deflationary risks that dominated the post-financial crisis era are moderating." I guess who needs a real market when you have the Fed stealing the working class' wealth to keep asset prices rising, and zombie corporations lights on.
In crypto land, Bitcoin (BTCUSD) hit a massive wall at the 21EMA (w) around 39,437. But, we're still hovering just above this level, and the bears have until EOW to recapture this resistance level or risk a potentially massive rejection.
Lastly, the US senate voted on, and agreed upon a new infrastructure package of $550 Billion. That's not quite $3.5 Trillion, but hey, it's more free money, folks! The farce continues. What can I say, patience is a virtue.
I'm working on some new strategies for you guys today. The old Vix trade is still on the board, and I'm holding my UVXY and HUV (for now), but we need some new and exciting ideas to trade asap. I'm looking at some potential longs (while hedging downside with Vix and tight stops), as well as shorts, so let's discuss a few of those in the private Telegram group tomorrow and get the ball rolling. Best of luck out there today, my friends, and see you guys at the opening bell tomorrow to wrap up the week. Cheers, Michael.
Expecting a breakout to the upside in the Dow Dow's been consolidating in a rectangle pattern for a few weeks. I like DIA call options going out to June/July or Dow Jones futures. I'm expecting a breakout soon based on this week's price action.
A break below would trigger a short, but I view that as a low probability
BA Play 7/28Boeing I believe goes lower towards the 200-190 range.
Can't be long on this name while its taken down production lvls and airfares are at 50% of what they used to be from last year . There's better places to put your money than Boeing right now and investors will come fleeing back once it goes back to 194.
You can scalp with those lvls given for tmrws intraday session . But longer term I'm short on the company.
Gold Shows Possible HedgingGold has been moving down this year but it looks like that is about to change. With inflation at over 5%, it is surprising gold is lagging behind. I see this as a great opportunity, as well as maybe for institutions already, to start hedging for whats ahead.
The analysis: Starting from the weekly chart on the right, it appears gold has finished the correction phase of the Elliot wave (ABC) and is currently on wave 3 of the bullish impulse wave. I see anytime here is a good entry and with a 4-5% stop loss seems fair if my analysis is wrong.
Day trade opportunity as well on the 1 hour chart. Gold just broke out of a similar downtrend channel and just finishing an Elliot wave correction. MFI and RSI also confirms upwards momentum with lastly a big green candle on the previous hour of this posting.
Please leave a like or a comment if you have any feedback. Would encourage me to post more. Also follow me on twitter, I have several trades opened $GLD and you can follow them there. Good luck out there!
SPY VS US10Y Yield: This Isn't Going to End WellSimilar to last year March when markets crashed 35%, the US10Y yield is crashing today, with the majors bearly off the ATH's. Will this divergence end the same way - with bonds as the safe haven of choice? Something tells me we're very close to finding out...
I SPY the Beginning of the EndSPY down 2%, Vix up 30%, yields crashing (similar to last March's divergence). If buy the dippers think we're oversold at these levels, I invite them to have a look at the monthly timeframe. Brace for impact...
WARNING SIGNS DJI Bear case for DJI presented with an ABCDE correction unfolding. My take - E WAVE down on deck. Price target provided.
Last summer starting in August and running through all of October DJI witnessed an ABC correction which is highlighted on the chart for comparison. However, last time - following the correction the DJI price smashed up through a potential triple top formation clarifying that it was an ABC down and that DJI was done correcting (No ABCDE Correction).
Today's price action on DJI stalled out @ ~35K and sold off (note = lower high than May 10th) , thus potentially completing WAVE D up in the chart as shown. Stoch and RSI pointing downward and Woodies CCI appears to be confirming the trend. Further, the recent lapse as highlighted in the Stochastic indicator where it could not get Overbought for several days is flashing a warning that DJI is top heavy/needs to correct.
Futures price action tomorrow and the rest of this week will likely be telling, to see if the price can power up like it did last October - however will still need watch for a potential megaphone top on DJI, but if it flies up like last time, bear case will be suspect.
Hearing more and more that early Bears will be squeezed - nibbling on the short side only, waiting for confirmation.
Not financial advice.
Dollar Rejection (Again) at Wedge ResistanceAfter this morning's insane inflation print (YoY CPI of 5.4%), the Dollar (DXY) is being heavily bid (again). We just saw a rejection at the wedge this morning for the 4th time in a month. It's been a bumpy ride, but if the wedge is recaptured on broader market weakness, our 2H target remains 95+...
