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Told YouHi everyone, Lastly, I posted an idea about BTCUSDT, if you have been following me, as I explained the factors that will lead us to the next dump, which it did. As we broke the last minor support, I think that right now we are just retesting it as a resistance; then, I think that we are going at least to the next support shown on the chart. Although, since we had a lot of volatility the last two weeks, I think the next short-term dump will be a bit slower than the ones we just had lately. Therefore, I think that we are still bearish in the short term and are going to make new lower lows. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
1
Next moveHi everyone, My last post was on ETHUSDT, and its price was one of the only coins with a major pullback than others, but it still has the same scenario as BTCUSDT. Since the beginning of this week, the crypto market has been quiet, as we did not see any volatile move. However, by looking at the chart, I think that we have formed a bearish wedge that we are still and are most likely going to break to the downside. We are going to continue our downtrend because no candle closed above the resistance drawn on the chart ( I drew this line 2 weeks ago lol) In conclusion, I think that we are still bearish on the midterm at least. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
Same ScenarioHi everyone, My last post was about DOTUSDT, where I showed how it would dump to its next support level, which it did (link down below) Today, we are going to take a look at BTCUSDT where I would be explaining why we are bearish on the long term, as we might see new lows going to be reached. First, BTCUSDT is doing the same scenario as it did a couple of months ago, where it consolidated on the higher timeframe, then continued to form new lows after that volatility has spiked. Second, BTCUSDT has clearly reacted to the 200 weekly EMA, after resting it as resistance. I explained this situation in one of my latest posts. In conclusion, I think that we are going to be bearish for the most part until the end of this month, even the long term most probably. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
2
Not nowHi everyone, I mentioned last time that liquidity would be taken after showing 3 bars with rejection on a failed support. We are on a resistance that just turned out to be a support. Although, I think that we are going to fail it since we broke the trendline that used to form a rising wedge (a bearish pattern). So, we are going to reach the 6.5 level on DOTUSDT. Instead of shorting the market, I would usually trade the leveraged of this asset. (small secret) Another possible scenario that might happen, but is less likely, is that the price might bounce since it is facing a double confluence level, where it is meeting the 200 EMA and the strong support that we just talked about. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
Is it over? Hi everyone, Yesterday I analyzed BTCUSDT and talked about the reason that we are still bullish in the short and midterm. (link down below) Today, we are going to be analyzing ETHUSDT, and the chart looks clear and beautiful. Right now we just broke above previous resistance where we took off some liquidity that was sitting above the previous high, and we are at a really important level of resistance of a wedge that we are inside of it. We are in the narrower channel part of the wedge and the price is showing a loss of momentum and a rejection of that resistance. Even though on the H1 timeframe price is in a symmetrical triangle, which is a continuation pattern, I lean towards breaking to the downside. However a break to the upside is possible, and if does so, I will analyze tomorrow where it will go. Btw, DOGE is looking good if it closes above the resistance. Maybe take a look if you get to read this post right away. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
Going down, for nowHi everyone, Yesterday I talked about how VETUSDT might go back to its demand zone. (link down below) Today, as I expected, we are not going to have any volatility and it is going to be a bit quiet than the last couple of days. This is only a probability but we might still have some moves. For DOTUSDT, we are in a wedge and we are most probably doing a retracement to at least the 0.5 Fib level where we also have the support trendline of the wedge. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
Are you ready to move to the 2nd notch on the belt?My overall outlook on the market is still Bearish. There are still so many signs the world economy is in for one hell of a recession. The 10y2y is still in free fall ever since the leading indicator of a hedge fund collapsing began. DXY is still showing support at 105 breakdown line. The VIX continues to compress with higher lows and lower highs. FED debt continues to climb at a break neck pace. The next Debt Ceiling crisis is not far away. SKEW is pinned at 120 even though VIX is retiring to pre-russian invasion levels. This loosely translates to funds not being hedged properly for a 2nd Leg Down. The street is looking for fed hikes to peak at 75bp and ease into the fall. What happens when the FED is forced to do 100bp because inflation will not sit in the corner. Nobody puts baby in a corner. Don’t even get me started about Jobs or the Housing / Wood markets. I give this Short Squeeze fueled rally until the Aug 10th when the next round of CPI comes out. I still expect SPY to test the 200D moving average and maybe a look at 420.69 just to trap every last bull. Those bulls like Bill Hwang are skittish, but seeing the shenanigans pick up with HKD is a stark reminder of how this mess all got started in the first place. Never Financial Advice, Always 1 card short of a full deck.
AMEX:SPYShort
by SPYvsGME
2
That's itHi everyone, We are still in a wedge for Bitcoin. We took out the liquidity that resided above the last swing high, and right now the price is showing rejection, which is creating a new high, with liquidity that resides above it too. In the following days, we might /witness some red days, which will make retail enter short, then test the 0.68 Fib level. After that, we might break above the resistance shown, retest, and then reach the 27,750 level. In summary, we are going to see a move to the downside (short-term), then to the upside (mid-term), and finally continue our long-term downtrend.
Short
by yassin_khanji
2
Sorting ETC Now Ethereum Classic has no business at it's current price as profits are taken it is going to dump massively. This is my plan. Risk to reward is incredible on this opportunity. Let's send it where it belongs. Shorting Ethereum Classic seems like the logical thing to do. I am not using leverage but if you do don't go over 3x unless you know exactly what you are doing. I might add leverage to the position later to pull some capital out of the trade but that would be the only reason I used leverage on it. I am risking 3.3% of my account on this trade. 0 Leverage to start. Best of luck and hope someone is able to make something off this. I know there are many hurting right now and the only reason I am sharing some of my trades. Not Financial Advice but this is: Never Risk more then you can afford to lose and never risk more then 3-5% of your capital on any one trade. That is with no leverage. Technically that isn't financial advice either just good capital preservation.
Short
by Z3R0-G3N3S1S
6
Amazon Wyckoff SetupInstitutional Selling presents itself as wyckoff in Amazon. There was institutional selling as short profit taking and then institutional buying as there was anticipation for higher prices. However, there must have been bad news--bearish anticipation as we approached July and October, because we failed to commit outside of the range we were in. This brings us to a new idea. Higher prices does not mean bullish outcomes. many retail traders, dumb money, poor traders will enter trade positions into the tops of the range ( trust me, there are a few who enter BIG). thus, all along it was a bull trap, the beginning of the end. As a sidenote, for those who use wyckoff, it is absolutely necessary to confirm phases from other phases. This is how your precision is increased. Phase c is the hardest to confirm. with other confirmations though, you are able to improve your accuracy.
NASDAQ:AMZNShort
by Integrity_Investments