OHHHHHHHHHHHHHH$16'200 - HIGH $15'000S INCOMING.... IT'S WRITTEN IN THE BIBLE
Give me $12'000 and I'll think about buying back...
Downside
looks like 10894 in octoberlook at the chart, it looks like 10894 in october if bitcoin follows the falling channel, who knows but the indicators like rsi and macd do not look good.
what do you think?
Bitcoin HTF overview - more downside$BTC basically at the 2017 high right now. Should be strong support.
But looking at this 1W HTF chart I can't help but see more downside potential. Seems very counterintuitive to look at this chart and conclude the lows are in, imo. Notice the increase in volume as price continues to drop.
And looking at the volume profile, and the visible gap, I don't think a drop to 13k would be unrealistic before the next bull market (2024?).
One thing I wonder, looking at that POC, is if 9k would happen at one point. Could be a very quick move. Not a bad idea to set a buy order imo, just in case.
BEARISH DREAMZNothing confirmed but a possible bearish impulse scenario I could see playing out given geopolitical events, hawkish fed, housing/commodities inflation related, or a mixing pot.
Still got room to shitStill got room to fall plenty of room actually and I believe it will do so indeed....... Just a waiting game but we'll see
BTC Bottom Getting CloseWe could expect further downside on BTC's price but I would say its getting close to the bottom. BTC has not yet crossed below the first orange line on the LMACD, which the other two times in the bear market has indicated the bottom for BTC then followed to find support before breaking out.
USD/JPY to dropThis market has been looking quite bullish and is has been overbought as indicated by the RSI.
I'm anticipating a sell but not just yet.
○Mark out HL of the trend
○Wait for them to be broken.
○Enter at retest.
Possible DropBitcoin has already broken the support level at 37k. If it breaks below the next support zone (marked in red) we may see prices drop to around 24k level.
I think this is very clear to go down 0.0025Metahash supports are broken and going down to 0.0025.
The big support was 39.
This is not investment advice.
GOLD long term short positionsLooking for a longer term daily downside trend, so ill be looking for a better entry point to look at adding some sell positions for another continuation leg to the downside.. If price pushes up above the last high this trade idea is obviously invalid.
ROKURoku maybe after ER will finally go down towards that 70 target??
I'd be interested in playing the puts to the downside on this name after what I saw happen to NFLX.
Weekly looks like it wants continued downside.
$SPY Chart ahead of #FOMC March Meeting (March Prediction)I think fed will surprise the markets with a 0.50 rate hike at the March 15-16 meeting. I think the rate hike + a spike in bond yields will decimate the market. In panic many retail traders will get washed out and sit on the sidelines. In response, funds & whales will prop up the market on low volume to then decimate the market with shorts. They will rinse and repeat all the way down IMO
GME to $107 MARCH 4th Noticing a trend on the charts that if it were to play out, we'd see GME to $107 tomorrow which, then has it climbing until the 8th, which oddly enough is the Apply event, which then has it coming back down, go figure. Anyway, I've highlighted the buy zone in red, and included a rough arrow outline of my idea. Be careful of a break in trend (green), you may see 90 or lower.
I sold my 5 shares, so expect GME to squeeze to $100k tomorrow.
GBPJPY SELL SETUPGBPUSD CMP 156.239 will be fall down above the price 157.300 on its down side 154.600 to 153.000 level
Connect and take this your watch list we will update time to time for proper entry price.
Expect more downsideEvery time IWM goes sideways for some time it break to the downside. It has this bad tendency to do that. Also lot of bad stuff going around now in the world. I expect a retest and then more downside.
Bull week into CPI ??Hey guys, As Silver is holding above the green line outlined in the previous post and the Us100 has a bullish divergence on the RSI in the 1 hour timeframe I believe we will see a good start to Feb but unless something fundamentally changes in the world economy with Inflation / Fed policy the market will fall from this bounce. This is also backed by seasonality of the markets into FEB/MARCH and also a bad January has led into a bad February 70% of the time over the last 60 years. So with that in mind I have my eyes on the 10yr and 2 yr yields, silver and the CPI coming out Friday to show me when and if this analysis plays out, if we get and inverted yield curve, silver breaks to the downside and/or CPI still hot then the market has its catalyst to fall.
$JKS Head & Shoulders - Downside Incoming?Looking at this Head and Shoulders pattern from mid August to present, also note the double top in last July and November. Solar sector as a whole is getting beat up everywhere at the moment, and it feels like the writing is on the wall here for $JKS
Their earnings are coming up at the start of March, so I feel there is a danger we catch a little bounce here and consolidate 'til then. However - the setup is here, and I don't want to miss it
I don't really want to see price back above $41. In fact, ideal situation tomorrow is that we get a little upwards move on the market early in the day, and I can find an good entry for a put position whilst price is above $40, with $41 as the stop. If price needs to consolidate and range a little whilst the Market digests this week's upcoming big earnings, then above $41 I don't wanna be involved in the decision making, and would rather take the trade on the breakdown rather than in anticipation if that ends up being the case.
I'm going to be going for March expiry , and I'm going to be going ITM for the main swing position. If we get clear breakdown below $39.00 with conviction then I might day trade weeklies simultaneously and just zone in on $JKS all week.
I'd like the flexibility of letting the swing position run and breathe (whilst trend remains) and trying to take scalps/day trades on weeklies. I've recently had great initial put entries on MTTR, FCEL, and back a little while longer ago on BNED - and each time I didn't show enough patience to hold my puts through long enough and I didn't capitalise nearly as much as I should have on these massive downward runs
No distinct concrete target, but I'd like at least $36.00 and even down to $32.00 I don't think is out of realm of possibility. I think anywhere below that we'll have to be on alert for a bounce around $30 region. But we'll play it as it comes. Hoping to nail this one. But willing to be wrong . Will add to this post tomorrow if I take an entry, with what I bought, when I bought, and for what price.
*this is not Financial Advice, and is merely my opinion and idea*
Deepak nitrate sell and open target sell nitrate and hold up.......................................................................
Bearish Day Rejected in $42720Weekly Timeframe
candle is trying to break the Ichimoku cloud inside. to open up more to the downside. Area of bounce is $41300, and $38691. Area of rejection is $44743.
Daily Timeframe
Daily timeframe is still bearish. below ema ribbon and Ichimoku cloud. Area of bounce $41300 and $38691. Area of rejection $44743.
4H Timeframe.
In Fibonacci Retracement. 0.382 $41484 is where we would most likely get a bounce to the upside. It will also get a rejection in the area of 0.5 $42051 as it fits well in Ichimoku cloud Senkou B. next area of resistance is 0.618 $42617 and the area where we would most likely get a rejection is $44743.
Massive Ascending Broadening Wedge Could be FormingThis is my very first post. Don't be too harsh on me :)
I think volume in trading Bitcoin has shown us a potential followup in downward pressure. Even some institutional investors have called further downside in the coming months of the year.
Looking at this chart on the Daily timeframe, there are several indicators that point to downward pressure in the mid to long term. This coupled with these two big trend lines that are essentially sandwiching the price, potentially forming an ascending broadening wedge.
This is of course on algorithmic levels, as market movers and on-chain data could make anything happen.
What do you guys think?
BTC 2D Chart 200 EMA SMA DOWNSIDE BULLISH TARGETSINDEX:BTCUSD
It is quite easy to see that these two moving averages are playing a new role of support for the recent price action of BTC(past 2-3 years or so). Before this there was a point where it support the dead cat bounce of 2017 and the low after the local peak of 2013.
If these moving averages continue their support of the bull run, here are the current price targets...
Fibonacci Correlated?
The 1.272 target is very well placed within the SMA-EMA target, confirming our analysis.
Conclusion
However this doesn't mean that BTC has to reach these targets.
We could very well stop just before the previous low of 45k or trickle down to the first wick low of 42k; like BTC did during summer.
So take it with a grain of salt and perhaps think of these targets as possible buying opportunity or opening longs; rather than shorting from 47k.
BITCOIN - Bearish Divergence in VolumeBitcoin Uptrend is still intact, but the volume is decreasing.
I'm not the only one who sees it. and even with other indicators there is also a bearish divergence to be seen, like RSI and MACD. however bitcoin is still on Upside trend, but we must not only look at the upside trend, we must also look at its possibility in the downside trend.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
