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Black Swan - Tinfoil Hat PlayWith the synchronized outages of social media platforms Facebook, Instagram, Whatsapp, & Twitter ... so far ... conspiracists have been saying for sometime to expect a national/global cyber attack that could create some sort of internet blackout. If this happens, I'd expect Bitcoin to crash to the predictive 1.5 fib that sits around 27.6k . Then the whales have filled up their bags giving the greenlight for a supercycle. I've deleveraged - I'm not expecting this to happen, but leverage isn't something I'd want to play around with when this social media outage could create a scare/flashcrash.
INDEX:BTCUSD
by Ungovernable
5
Another dip? Read this short summary of the marketAs mentioned in my previous post on BTCUSD, my final support level is on 41K ish... and it has proven to be so.. Even though it wick below a couples of time and close 1 time (4h) below it, it still manage to rise and close above it.. Looking at today's rally, if BTC cant consolidate above 43K, a test to the 0.5 and 0.618 fib level may be in play (The box) Looking at the current situation and dates, I think 41K and 42K might be the bottom (Candle close, not wick).. October is known for it bullish rally, so let's see how BTC will play then... Summary: Best case scenario: Bottom is in.. Medium case scenario: The bottom is not in.. and its now only a relief rally... Bottom then would be in 38K-ish according to previous fractal pattern... Worst case scenario (doubt will happen): Dip below 37K and testing previous low in 30k-ish... For now I am kinda 60-40 for best and medium case respectively... The worst case is kinda out of the picture considering current news, crypto implementation, and the month we currently in. And as always, this is not a financial advise... Comment what you think below
BITSTAMP:BTCUSD
by ZombieGod11
3
Market Crash? How about asking instead - what should I do? People sometimes get lucky or for whatever reason spends months or years trading with no defined system. When we get volatility like today all of a sudden they panic and can sometimes find themselves liquidating positions they may have built over months or which they may have entered yesterday. While this might be the appropriate reaction, the more important approach is to ask yourself what you should do based on your personalised system to trade the market - the system that gives you a trading edge. In this video I will explain to you the perspective one might take and even a specific example one could use to approach a day like today.
TVC:NDQ
by lemonaddy8
2
$SPY I Don't Think It's Done Yet 📉💩!There is a possibility we can see another dip on the $SPY today. We are coming out of a head and shoulders pattern I think many of us totally missed because of greed and feeling like this massive uptrend would never end. Well now it's time to focus and pay attention. What I didn't touch on in the video were the Fib levels or the neckline breakout and TP because I happen t add it after the video was done so just check it out it speaks for itself. In my opinion the market is about to see some upside until about November after this dip and then we should like Red Fox see "The Big One!"... Oh I think we may be coming too, Elizabeth! *** Just to add the possibility for the $SPY to reach back to the $460s in a big push before the huge dump isn't far a possibility either so look for some huge increases in your portfolios if you bought on the dips because the whales know whats coming so why not pump the market one last time to make some great gains then pull the rug? Just something to think about. ***
AMEX:SPYShort
by Riskitpaid
Bitcoin Looking Healthy. My first recorded video. Bitcoin fundamentally and technically is looking healthy. This recent crash is not a bearish reversal trend. Holding support above the 200 Moving Average is critical! El Salvador bought the dip! First time in history any country has publicly announced accumulating in on cryptocurrency when the strength of the market is weakened. There is accumulation happening at these levels. Support: $44,500 Resistance: $47,800
COINBASE:BTCUSDLong
by peacefuljustin
ETH WEEKLYDip came much faster and quicker than most expected. but it was well needed to finally break through the ATH which will happen. Keeping things simple, ETH still has room to move downward, Ill look for the 1500 level for bottom... there is lots of fear in the markets. but one things is not dropping, the crypto holdings of investment institutions. This dip seemed to be catapulted by the whales in the game deciding now is the right time to dump the market and get better positions in these assets. This recovery could be slow but it can also shoot back like a bullet so watch out, most the volume on exchanges is still locked in stable usd, dai, or similar assets, so you can assume people are ready to jump back in in any second. BE ready. Comment your ETH bottom!
Long
by MarketMastermindsGroup
4
DIP ON STEALThis one will be a complete technical analysis. Starting point ->>> support lines 73.50$ - 72.64$ Stopploss - 75.40$ 1. Target - 81.05$ 2. Target Buying reasons -2 support lines 74.17$+73.50$ -daily: RSI oversold (30 area) + MACD tendencies for a countermovement Selling points -weekly+monthly MACD indicates sell down -weekly+ monthly RSI indicates selldown -under the SMAs (except for 400) The violet line shows the general uptrend from 2020 to March where we have a break-out (bearish). This shows us that it is unlikely to get ATH. Therefore, I wrote some easier achievable goals. So, first target has a risk reward ratio of 3.11 with +3.8% upside. Second has risk reward ratio of 8.6 with +10% upside, both with a 1.2% stoploss. The stopploss is based on a Fibonacci retracement.
NYSE:RIOLong
by Chrlstlan
AMD Price Action and Volume AnalysisCould AMD be entering the second leg of it's breakout to all time highs (ATH)? (Side note: don't take this as financial advice, I'm just some guy on the internet) While I have already taken an aggressive entry on AMD this past Friday after it gave the signal that it was moving from a Stage 1 Trading Range into a Stage 2 Uptrend, I figured I could still describe what I am seeing unravel before us and what I expect to happen/what my plan moving forward will be. After AMD's strong breakout to ATH, we saw AMD finally lose steam and enter a Stage 4 Downtrend. This downtrend continued with little bearish pressure compared to the rally that came before it. Signifying to me that even the bears expect this to continue to move up in the future and were simply looking for small profits here. We got the downtrend to bottom out near to 50% mark of the first rally. The first sign of a reversal out of the downtrend that stuck out to me was the first bull wedge that finished forming with an overshoot of the trendline at the end. This represented climatic selling and exhaustion. This bull wedge was followed by strong buying by the bulls and transitioned us into a Stage 1 Trading Range where the bulls and the bears had equal strength. Bulls would buy at the bottom of the range and sell at the top while bears would short at the top and buy to cover at the bottom of the range. Notice the two bull wedges inside of the Stage 2 Trading Range. This let's us know that the bulls are gaining strength and the tide will turn eventually. Another signal that points to the turning of the tide, is the double bottom re-test after 3 bull wedges. This lets us know that the bears are weak. They have attempted to push the stock lower multiple times, but each time are overpowered by the bulls. Eventually, the bears are going to step aside because they are tired of being beat and losing money and will let the bulls take control. This then transitions us into our Stage 2 Uptrend, where the bulls have now taken control (for now). We can see a bull trend bar that is breaking above the Stage 1 Trading Range and the EMA. The bull trend bar closed near its high and had huge volume. Indicating the ignition of a new stage. Currently, there is a bull flag forming that looks as though it will have a High 2 breakout. Contained within this flag is low bearish pressure, indicating the majority of bears are still stepping aside waiting for the bulls too cool off. As I mentioned earlier, I have already taken a position on this swing on a lower time frame (LTF). This was taken with a half lot (half of my normal risk) since this was an aggressive entry. Once my trade moves 1 Risk Unit (1R) in my favor, I plan on buying another half lot to get full on my position. From there on out, I will add an additional lot to my position for every Risk Unit the trade goes in my favor. Additionally, I will trail my stop loss 1R below the current price. For example, If this trade tags my trailing stop at 5R, I will ultimately walk away with a 12.5R profit due to my additional lots purchased every time my trade moved 1R in my favor. A 12.5R profit would be equivalent to a 12.5% Return on Investment since a full lot for my is 1% of my account size.
NASDAQ:AMDLong
by Trade_Soup