Possible SPY Outcomes - Jan/Feb 2022To create these prices and their respective labels, the following indicators were used:
Volume Price Profile
Fibonacci Retracement
Consolidation Channels
Potential MACD lengths
Outcome #1 in RED, Outcome #2 in YELLOW
Overall, I have the sentiment that it will continue lower, at some point. There are an infinite number of factors that could affect when, and how fast it does fall (-10% next week, -30% over next two months etc.) This is just to help map my personal game plan.
#1: Bull Market Reversal Price: This is the price I have decided that I personally will use as an indicator that a correction is over, and there should not be any huge crash in the near future (excluding news, events). Approaching this point, I would chart something that is more bullish to prepare for that.
#2: Support Ranges: Of course as SPY dumps (if it does) it will not be a linear path. There will be locations in every price where there is some support met. The ranges marked are locations where the support may be its strongest, and likely good areas to exit short positions.
#3: Gap to Fill: There was a 7% increase in 2.5 weeks in this area, with 2% of this happening over the weekend. Other traders/ investors could expect this gap to be filled before any major consolidation or reversal. Just something to keep in mind.
#4: The red line is where most volume by price is since Nov. 2020. If it goes this low, I'd expect some good support in this area because of it, and the simple fact that it is 400 (a big psychological support.)
Some other possible outcomes are: consolidation from SPY Support #1 and Spy Resistance #1 for as long as needed, tech earnings are crazy good and the market goes full blown bullish, or very long term consolidation in a much larger range until their is confidence in the market again or it loses steam.
Dump
Moderna long-term short optionModerna is getting hot with Omicron Covid variant.
It almost has no investment attractiveness from current levels, but it has potential for making some sort of reverse pattern (so we will probably see some upward movement in short-term)
You can open potential long-term short positions from fibo levels (red lines)
Dump it!
DOGE BREAKOUT !!BINGX:DOGEUSDT
Most of ppls are terrified from the new dump of the market ! but we have a little increase to the retest level at 0.147 level . u can use that opportunity for a small trade . but for now ! we should wait until the retest to see whats gonna happen and trade wisely !! and there is my idea !
TOTAL MARKET CAP - GarbageIn an unregulated space where digital numbers are sold to the people with USDT and unregulated stable coins - While the US overthrows nations that try to issue their own currencies or nationalize their resources - Here we have the GDPs of dozens of developing nations being absorbed within hours by so called "whales"... Only whales I am seeing are corrupt US officials who work as puppets in a space that can't regulate Tether but will send its troops in to fight and let innocent people die if a rival economy ever tried to do the same thing..
This shit is out of hand... In two months the amount that came flooding out of this market could have ended global malnutrition 6x based on the figured the World Bank and UN give... Bogus
Supercycles every 4 years on BTC. Easy explanation.2013; bitcoin suffered a big correction, it went down around 87%.
4 years after that correction began on 2017 another huge correction took place, this time bitcoin went down around 81%
and also 4 years after the 2017 correction on 2021-2022 a new correction might have began?
Well I actually think we are actually about to see how btc dumps, probably to 20k, due to the psychological power of 20k and also because it was the 2017 ath.
Double top on 65k might be one of the main reasons of this massive dump, resistance on that price range is really heavy.
20k is the fastest and easiest ways to get to 100k+.
I might be wrong, just my analysis. Thanks for reading, UrDaddyBB
BIG DUMP INCOMING?SPX is going higher and higher but the chart is flashing really bad bearish signal that in history always preceded a really bad dump in the market.
We are having a bearish divergence on the monthly and this has always predicted a dump between 20 and 50% of the price.
Is this gonna happen again?
Also if you look at the daily the chart looks like a blow off top.
Let's see what happen in the next days/weeks
short position for LUNA ❌🧨As I mentioned in my previous analysis ✔️
target reached 💣
and now
the price will start the correction to the downside ❌🧨
or
it will start its correction from the resistance area ❌🧨
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
BTC DIRECTION. LONG OR SHORT?BTCUSDT is currently on its MAJOR trend support. if it will bounce, expect it to hit its resistance ranging from 45k to 47k.
on the other hand, if it hard closed below its major trend support, expect it to have a major dump. Remember, this is bitcoin's major trend support for this bull run.
btcusdt targets 29K and 21k what is happening daily timeframe Btcustd already made Cup and handle and also Head and shoolders Completed so two patterns on Retest sooner or later btc ll touch the Target 29k and may be posible to touch 21k
BTCDOMINCE also cup and handle on Retest if Btc domoince goes up the btc and whole market ll down,,,
not finacial advice
Ichi says "Wait for it..."For the last few days wild predictions have been flooding the crypto market regarding DOT with unbelievable TP levels, even if some may come true we can see that we are still beneath the kumo, furthermore in the btc pairing we can see a clash with the kumo , The TOTAL3 market, shows it lingering to critical support below the 200EMA, a reverseasl may be imminent but so far it hasn't happened yet, also the whole chart looks like a giant HnS mixed with a bearish triple top, which from the present point can be the just the beginning of a huge drop
If we look at the Stock to flow model, we can also spot that we are changing from green to cyan showing that the BTC is cooling its cycle, i think maybe everyone is just way too optimist for the current situation since in the 3dtimeframe volume has just crossed below the kumo. we are still bearish with the RSI, beatish on MACD in the BTC pair in higher timeframes, and I wouldnt be the least surprised if we went up a bit to test resistance proceeded by a massive dump. or a long sideways movement trending downwatds before we cross upwards. if we do dump the next stop is at 13 USDT.
Either Way its only bullish once it crosses the kumo on the higher TF. I personally will start looking for entries then at lower time frames.
Trade carefully
Short term:Bearish
Long term: Neutral
Disclaimer: This is a personal interpretation of the market charts, and is not intended in any way to sustain or provide financial advice.
BTCUSDT Strong support zone(40K)Price is receiving strong support of 40000$ and as we said before red trendline resistance break and price now is retesting
that breakout.
and if this support zone remains valid we can expect a local pump here like green arrows or at least range before more dump.
the first target is near Blue trendline resistance and after breaking that resistance we can expect a huge pump for BTC
Sameersam01
3 scenarios for BTC1. Best Scenario = Green line:
-bounce back from 41K-40K
-continue its 5th line on the Rising Wedge
-form new ATH, before it end this Bullrun cycle for good.
2. Most likely scenario = Yellow line
-bounce back from 41K-40K
-held by 51K resistance, and dump back to 40k and finally forms the right shoulder
-continues dump to 30K support
3. Worst case scenario = Red line
- Blows through the 40K support, straight to next 30K support past its Double Top neckline
- dump to last support 10K, and crypto winter till next Bullrun
In the end, all of the outcome is still strongly bearish.
GBPUSD close to resistance ❌🧨As I mentioned in my previous analyse
we had fake break out for the price and price exactly start gaining( about500 pips ) and hit our target 💣✔🚀
and now
here we have important daily resistance and trend line so we expect correction for the price and our next target is close to our support area
This is not financial advice, always do your own research.
please, fell free to ask your question, write it in comments below and I will answer.
🐋
🔥 Bitcoin Summer'21 Fractal Points Short-Term BullishRecently I made an analysis where I compared Bitcoin's current price action with the summer'21 bear market. See below for a complete overview. I was assuming that we already had point 4, but that was not the case. Now that we're testing the wick, we can make a better case for being in point 4 now.
As mentioned in the previous post, there was a decent chance that we were going to re-test the area around the capitulation wick, the violet line. Fun fact; the wick re-test occurred around the same time as it did in the summer'21 bear market, 32.5 days versus 34 days.
Yesterday we saw a major flush towards the area around the wick, which is still holding. In case of a bounce, I'm targeting the violet area for a potential exit. Be aware that we might still drop further, fractals are never 100% identical. In case of a substantial drop below $40k we can assume that we're not following the summer'21 fractal and the analysis will get invalidated.
Happy trading!