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Downtrend

$SPY: At the crossroads...Moving down from here will have the recent uptrend speed line taken out, which could mean the recent advance we had in markets is doomed...The daily chart has a valid short signal here, so it makes sense to hedge portfolios with puts or going short $SPY or futures here (or selling calls till March 21st). If $SPY climbs back over $400 ish then the down trend here is invalidated. Yet another nerve wrecking juncture in markets, perhaps the nice period we had is over, at least in large/mega caps. Best of luck! Cheers, Ivan Labrie.
AMEX:SPYShort
by IvanLabrie
1
Fibonacci Bitcoin to USD Chart Compare with 1D 7D 1M 3M 1Y YTD ALL LOG 21.66K USD Want more data? Check out our API BTC to USD Converter BTC Bitcoin 1 USD United States Dollar 19916.77 BTC Price Live Data The live Bitcoin price today is $19,916.96 USD with a 24-hour trading volume of $37,571,784,387 USD. We update our BTC to USD price in real-time. Bitcoin is down 8.02% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $384,660,279,834 USD. It has a circulating supply of 19,313,206 BTC coins and a max. supply of 21,000,000 BTC coins. If you would like to know where to buy Bitcoin at the current rate, the top cryptocurrency exchanges for trading in Bitcoin stock are currently Binance, OKX, Bybit, Deepcoin, and BingX. You can find others listed on our crypto exchanges page. What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Who Are the Founders of Bitcoin? Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others. What Makes Bitcoin Unique? Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more. Related Pages: Looking for market and blockchain data for BTC? Visit our block explorer. Want to buy Bitcoin? Use CoinMarketCap’s guide. Want to keep track of Bitcoin prices live? Download the CoinMarketCap mobile app! Want to convert Bitcoin price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator. Should you buy Bitcoin with PayPal? What is wrapped Bitcoin? Will Bitcoin volatility ever reduce? How to use a Bitcoin ATM How Much Bitcoin Is in Circulation? Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations. As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins. Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public. However, during the first few years of BTC’s existence, the competition between miners was relatively low, allowing the earliest network participants to accumulate significant amounts of coins via regular mining: Satoshi Nakamoto alone is believed to own over a million Bitcoin. Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin. While the process of mining Bitcoins is complex, we discuss how long it takes to mine one Bitcoin on CoinMarketCap Alexandria — as we wrote above, mining Bitcoin is best understood as how long it takes to mine one block, as opposed to one Bitcoin. As of mid-September 2021, the Bitcoin mining reward is capped to 6.25 BTC after the 2020 halving, which is roughly $299,200 in Bitcoin price today. How Is the Bitcoin Network Secured? Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies. Bitcoin Energy Consumption Over the past few decades, consumers have become more curious about their energy consumption and personal effects on climate change. When news stories started swirling regarding the possible negative effects of Bitcoin’s energy consumption, many became concerned about Bitcoin and criticized this energy usage. A report found that each Bitcoin transaction takes 1,173 KW hours of electricity, which can “power the typical American home for six weeks.” Another report calculates that the energy required by Bitcoin annually is more than the annual hourly energy usage of Finland, a country with a population of 5.5 million. The news has produced commentary from tech entrepreneurs to environmental activists to political leaders alike. In May 2021, Tesla CEO Elon Musk even stated that Tesla would no longer accept the cryptocurrency as payment, due to his concern regarding its environmental footprint. Though many of these individuals have condemned this issue and move on, some have prompted solutions: how do we make Bitcoin more energy efficient? Others have simply taken the defensive position, stating that the Bitcoin energy problem may be exaggerated. At present, miners are heavily reliant on renewable energy sources, with estimates suggesting that Bitcoin’s use of renewable energy may span anywhere from 40-75%. However, to this point, critics claim that increasing Bitcoin’s renewable energy usage will take away from solar sources powering other sectors and industries like hospitals, factories or homes. The Bitcoin mining community also attests that the expansion of mining can help lead to the construction of new solar and wind farms in the future. Furthermore, some who defend Bitcoin argue that the gold and banking sector — individually — consume twice the amount of energy as Bitcoin, making the criticism of Bitcoin’s energy consumption a nonstarter. Moreover, the energy consumption of Bitcoin can easily be tracked and traced, which the same cannot be said of the other two sectors. Those who defend Bitcoin also note that the complex validation process creates a more secure transaction system, which justifies the energy usage. Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasses the process of creating, securing, using and transporting Bitcoin. Whereas with other financial sectors, this is not the case. For example, when calculating the carbon footprint of a payment processing system like Visa, they fail to calculate the energy required to print money or power ATMs, or smartphones, bank branches, security vehicles, among other components in the payment processing and banking supply chain. What exactly are governments and nonprofits doing to reduce Bitcoin energy consumption? Earlier this year in the U.S., a congressional hearing was held on the topic where politicians and tech figures discussed the future of crypto mining in the U.S, specifically highlighting their concerns regarding fossil fuel consumption. Leaders also discussed the current debate surrounding the coal-to-crypto trend, particularly regarding the number of coal plants in New York and Pennsylvania that are in the process of being repurposed into mining farms. Aside from congressional hearings, there are private sector crypto initiatives dedicated to solving environmental issues such as the Crypto Climate Accord and Bitcoin Mining Council. In fact, the Crypto Climate Accord proposes a plan to eliminate all greenhouse gas emissions by 2040, And, due to the innovative potential of Bitcoin, it is reasonable to believe that such grand plans may be achieved. What Is Bitcoin’s Role as a Store of Value? Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units. The smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048. The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold. Crypto Wallets The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet. Some of the top crypto cold wallets are Trezor, Ledger and CoolBitX. Some of the top crypto hot wallets include Exodus, Electrum and Mycelium. Still not sure of which wallet to use? Check out CoinMarketCap Alexandria’s guide on the top cold wallets of 2021 and top hot wallets of 2021.
by Tayyab1211
AAPL has turbulence incoming - path is intactAs Bart would say, yo, what's up dudes? So, like, if you're checkin' out the AAPL stock right now, it's lookin' pretty gnarly. It seems like it's gonna go down more, but the real question is if we're gonna hit the top of the channel or not. Personally, I think we're gonna hit the median of the channel and then bounce from there. But, you know, you gotta be super careful right now 'cause futures just rolled and who knows what kinda turbulence that's gonna bring. So, keep an eye out and don't have a cow, man. Look at the wave master indicator. significant sell signal with ALL. FOUR. WAVES. in overbought right now. If AAPL breaks the median, then we've got one heck of a drop coming. The last time the waves looked like this? January 3, 2022 near ALL TIME HIGH .
NASDAQ:AAPLShort
by bitdoctor
📊 Four Market PhasesThe four market phases in trading are characterized by different levels of buying and selling activity, trading volumes, news and sentiment, and price trends. By understanding these phases, traders and investors can better anticipate market movements and position themselves to take advantage of opportunities as they arise. 🔹 Accumulation In this phase, the market is characterized by low trading volumes and a lack of clear price trend. Buyers and sellers are more or less balanced, and prices tend to remain within a certain range. This phase is often seen as a period of accumulation by smart money investors who are slowly building up positions before the market begins to trend. 🔹 Uptrend In this phase, the market experiences a sustained rise in prices, driven by increasing demand from buyers. This is typically accompanied by higher trading volumes and positive news and sentiment. Traders may look to buy into dips during this phase, in order to take advantage of the overall trend. 🔹 Distribution In this phase, the market begins to show signs of weakness, with prices starting to trend sideways or even decline. This is typically accompanied by lower trading volumes and negative news and sentiment. Smart money investors may begin to sell into strength during this phase, as they look to lock in profits before the market turns lower. 🔹 Downtrend In this phase, the market experiences a sustained decline in prices, driven by increasing supply from sellers. This is typically accompanied by lower trading volumes and negative news and sentiment. Traders may look to sell into rallies during this phase, in order to take advantage of the overall trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
1
Trading AUDSGD: Consider Long Entry at Support LevelIn the four-hour candlestick chart, AUDSGD is currently trending downwards. It's risky to short now as it has reached the bottom level . Taking a long position at this support level is a better option. But remember that, this support area is slightly tested. Long entry: 0.88641 Stop loss: 0.88002 Target: 0.90603 Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market
Long
by AlphaTradingStation
#BTCUSDTMy hart says price will directly hit the 21700 price, and my brain also says the price need to do a correction movement to hit the upper side blue lines which placed on 23343 maximum upper line...price is doing a death cross on 4H chart and 21700 OB and 20750 Ob the last hope for bulls...unless we can see the price will kiss 12,000 level as soon as possible....in short term it will going to touch the upper key level of the falling wedge....all things can be happened or not.....
Short
by BabyRusk
Bear Bounce in META May Push Further before Downtrend ContinuesPrimary Chart: Daily Time Frame, 8-D and 21-D EMAs, Long-Term Fibonacci Levels (Retracements of META's Entire Range), Uptrend from Nov. 4, 2022 Low SUMMARY: META remains in a severe downtrend since its all-time high in September 2021. The primary-degree trendline remains unbroken and in effect. A shorter down trendline for most of 2022 has been broken coinciding with its recent upside price action. META is experiencing a corrective rally, also known as a bear bounce (until proven otherwise). Bollinger Bands support the idea of further upside with the mouth of the bands expanding, and price walking the bands to the upside. The Donchian Channels also show that price is reaching multi-month highs, and its 21-period range is expanding as price pushes higher. Target 1 lies at $142. Target 2 is $149. Target 3 is $157-$158. Each target requires that price reach and hold the prior target on a daily close. Each target is a condition precedent for the next target's viability. Invalidation levels include the uptrend line from November 4, 2022 lows as well as major support levels at $112 (key structural low), $115-$116 (volume profile). META began its decline much earlier than the broader indices. It peaked at an ATH on September 1, 2021, while SPX peaked on January 4, 2022. It has appeared to lead indices by a few months in this bear market. The long-term uptrend line from 2012 more than a decade ago was decisively broken in early 2022. This suggests that it may take a while for META to begin carving out a new uptrend line at a less steep angle based on whatever bear-market lows are formed—whether that be the November 4, 2022 low or a (likely) new low in 2023. Supplementary Chart A: Monthly Chart of META with Decade-Long Upward Trendline The bear-market downtrend lines are shown on Supplementary Chart B. The pink line on the Primary Chart reflects the primary-degree of trend since the all-time high in mid-2022. That line has not been broken, and price remains well below it. The dark-blue line is a shorter trendline that lasts for most of 2022. It was broken to the upside in early December 2022. This is no surprise. Steeper trendlines are less sustainable, and often end up being replaced by their less steep counterparts. The break of the dark-blue line is not an end to the bear market, but it does signal a short-term shift that coincides with the sideways to higher corrective rally taking place. Supplementary Chart B: Trendlines within META's Current Bear Market In this bear market, META made its most recent low on November 4, 2022. An uptrend drawn from that low is drawn (pink line on Primary Chart above). META's short-term EMAs show that it has been rallying in earnest since this November 4 low. Note the slope of the 8-D EMA and the 21-D EMA. While these are simple indicators, sometimes their simplicity can cause some to miss the power of their message—indicating the short-term trend. The short-term trend remains positive, with price finding support at these EMAs. When price falls below the 21-D EMA, it quickly rises to reclaim it. See Primary Chart. The Bollinger Bands also reflect the upward rally, which should be deemed corrective until proven otherwise. The Bollinger Bands are widening at the mouth, and when price pushes through the bands to exhaustion levels (set at 2 standard deviations on this daily chart), it falls back but quickly pushes back into the bands. Yes, the CPI could end this prematurely, but technical analysis suggests this stock has further to run before it resumes its longer-term downtrend. Supplementary Chart C: Bollinger Bands Similar to the Bollinger Bands, the Donchian Channels also reflect an increase in volatility to the upside. Price is pushing new multi-month highs, which is easily seen using this indicator. As the upper band of the Donchian presses higher with price touching it, that reflects new 21-trading-day highs. But a quick glance at the chart below shows that the highs exceed all highs since late October lows. The October 2022 highs are the ones that will likely be taken out next if the rally continues. Supplementary Chart D: Donchian Channels Major support lies at $112, and $115-$116. In addition, the upward TL can easily be used as an invalidation level for any short-term bullish trades. It can also be used as confirmation for any shorts that wish to enter when the bounce exhausts. Targets are based on the measured-move concept and Fibonacci proportions. Target 1 is $142. That is the 150-day SMA. Target 2 is $149. This level is the measured move area where wave A (or wave W) equals wave C (or wave Y) from the lows. Target 3 is $157-$158. Target 3 is a confluence of levels including (i) the 1.272 extension of first leg of this rally projected from the start of the second leg, (ii) the .618 retracement of META's entire price range going back to the start of data on the chart, and (iii) the 200-day SMA based on today's date, which lies at $158. The bounce idea is invalidated if price falls below $112-$116. It may also be invalidated (depending on several factors) if price breaks below the pink uptrend line from November 4, 2022 lows. Lastly, to quickly and effortlessly see the major support (supply zone) for the current corrective rally, see the blue rectangle below. Breaking this level should signal the next leg lower is underway in the primary-degree downtrend. Supplementary Chart E: Support / Supply Zone Thanks for reading, and Happy New Year! May your trades and risk-management work out very well this year. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:META
by SquishTrade
27