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SP500 back at the previous highs 🦐SP500 on the last 2 days of last week seen a big sell off. Market hit an historical monthly trendline (purple) and got sharply rejected back to the previous historical highs. At the moment price is over the 0.382 fib level of the previous uptrendling leg. If the market will break below the previous high we can set a nice short order till the 0.5 or the 0.618 fib retracement. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:SPX500USDShort
by InkyGrip
14
2000Let's take a walk together, near the ocean floor Hand in hand you and I Let's cherish every moment we have been given Cherish the love we have We should cherish every bagholder that gets decimated The collapse of the United States Has been long coming George Soros broke the bank of england to warm up before breaking the us central bank They cannot withstand the assault Goldman Sachs is all in short and they control all the money in the world The herd has not even started to sell usd and buy other currencies (incl gold) All the big (norway, saudi) wealth funds are still holding us stocks and us dollar bags This hasn't even started yet Let's take a look at the big noobs at Goldman Sachs. They recommended NOK. Scandinavian currencies are not very popular with retail because they're not cheap to day trade and not on all retail brokers and the educators never heard of those currencies. The 3 currencies are the NOK DKK SEK from the 3 countries up there. GS has been rather correct, back in March/April Goldman Sachs was saying that it was too early to short sell the usd "the historical rally is not over" They have a podcast from the 07 June explaining the USD weakness, have only listened to the beginning, I can read or watch a video but just listen to audio zzz. www.goldmansachs.com GS said that the usd already was overvalued before March and then the situation caused it to rally even further, being even more overvalued. They said the usd had "poor medium-term fundamentals", and the lower yields (that Powell announced would be maintained 2 days ago). The investment bank in June said it expected the ponzi scheme to lose more than 20% of its valuation in the next years (years?). They said they expected this usd fall to be the start of a sustained long term downtrend (like eurusd 2014). They liked the NOK because of a news I posted a while ago, their mega black hole wealth fund said something about bringing money home in krones. Now I don't know if this is the bank or journalists but they talk about how great the Norwegian lockdown was, and how they saved lives, and oh wow businesses got a stimulus package because that's the same as real wealth creation am I right (real socialism was never tried). I am afraid of looking for more criticism of Sweden than I already saw, I'd risk hitting my head into a wall. I bet they will have a hecatomb and "experts" expected Sweden currency to suffer just like Brexit was guarenteed to destroy the UK economy ( HAHAHA! ) Oh no the coronavirus will destroy Sweden poor fools. Well, I don't believe in hoaxes and I've been short usdsek for more than 2 weeks. How I trade this I feel like a scalper. I remember this guy Dan, from the chart guys, he has a youtube channel, back in the crypto vertical days of late 2017/early 2018 he would just spam orders capture little moves here and there. It's the impression I have because I kept placing orders, I love it. Boom Boom Boom. But I get nice moves not just blips. I am basically adding to my winner each time I make a new trade short on the usd, I see a good pair do something I buy/sell. Funny thing is the only pair I've been in all along is the first one I opened which is you know which one it is, it is USDSEK. I said in old ideas that the swedish currency was great to bet on or against. Must be because all the noobs ignore it, so there are only whales and surfers around, no "ah the rsi is very oversold I will go against the very powerful and obvious trend, and will average down". This currency has not disappointed me. I'm so afraid it reverses now, I don't like taking new risks I want to ride it forever. My target is ZERO. I shorted usdchf when it went to new lows and went parabolic, but that pullback was too much for me I got kicked out :( No regrets here. I have regrets on some pairs such as GBPUSD. I trailed too tightly, should really have some breathing space it's stupid to have really tight stops. Stopped at the very bottom of course :) I'm really hoping next week the eurusd does something like this: By the way, remember Elliot Wave principles? Have still not even bought gold, I tried getting in on a pullback a few weeks ago and then didn't want to chase it so close to ath. And now it's past ath choppying not interesting. I am only interested in chasing very 1 sided moves, grab a couple of days worth moves. April was the month of riding Oil to the ground and even more profiting of the historical insane contango, July (and August?) is really the usd to the ground month. I love it! More of this! We should cherish the life we live For as long as the usdollar shall go to zero Can the us dollar go negative like Oil? Yes. Short the usdollar to -100.
by MrRenev
4
United Airlines - Long - Recovery after lockdownFirstly, I apologise for the chaos you have been presented with, I would have tidied it up but after being 'in the zone' to this extent I tend to forget how I reached my pattern-based conclusion, but I remember each reference line was of use at some point. Fortunately, there is the 'pattern-reality' integration process to provide the comfort of logical reason. It is obvious that the decline in UAL share price is as a result of the COVID-19 epidemic, the STD passed on to humans by Batman. It is therefore sensical to analyse the circumstances regarding the virus to reach a sound conclusion. Many of the areas which are currently restricting United Airlines ability to operate will soon benefit from summer temperature rises, known to reduce the viruses survival time, based on previous analyses of a similar agent which are recorded here: www.who.int Awareness of how to prevent the virus spreading by members of the public as well as medical professionals is continually improving. These 2 factors combined with the sad reality that the most vulnerable will unfortunately pass in the next couple of months, means that talk of increasing internal flight schedules will begin, undoubtedly benefiting United Airlines. As a result, investors are likely to start ruthlessly capitalising on the effects of mass tragedy by buying shares in anticipation of the value returning to it's position prior to the outbreak. Possible circumstances which would prevent this sequence of events from unfolding include a mutation of the virus (deemed unlikely to be such that it poses a noticeably greater threat) or the theory that the virus is in fact a distraction whilst a shadowy global organisation begins implementing 'project bluebeam' being proven to be correct (also deemed unlikely).
NASDAQ:UALLong
by Ideot
10
The halving... in perspective. and theory. why does asia sell?We know halving is block rewards cut in half for miners. (do we acknowledge the price still will not be affected until miners refuse to sell for low prices? In my title I mispoke. They do not actually want to dump it. they want to sell into it as much as the others will buy. Are miners selling? well we can see asian sessions are full of selling 9/10 times. most miners an. d whales are in asia and inverse to london and usa bullish sessions. . If I were a miner. I would not hodl when there is plenty of liquidity from people raving about the halving taking us to the moon. (in perspective. the last 2 halving had a prepump high... then a dump to retest lows just before the event. So far an identical pattern and look.) 3rd times a charm? Why would miners sell though? It is their business. times are tough for all and bigger miners can afford to sell much lower than smaller miners. They can effectively run them out of the market for the future competiti.on of the reduced rewards. They could later easily insght a true bull market but rebuying at the bottom. This is just food for thought. I am just spinning my wheels. one thing I am sure of though. bitcoin has always been a contrarion mover. Bakkt/china/consensus/ - dump it. Iran war. pandemic. tether finex FCC case - pump it. Crazy bitcoin. just crazy. maybe it is true what they say about the psychology after all. Good luck. have fun
DERIBIT:BTCUSD.P
by Gunslinger2005
EURO on the edge of historical collapseTradingview hides EURUSD absolute low of early 1985. Even Investing.com will not reveal it to you. Investing.com provides a close for 1985 and possibility to draw a trendline. You can see it using Fxtop.com historic chart and then use investing.com to draw that trendline. But that historic trendline runs the way I plotted now - the right end is even slightly lower. At any case March monthly shadow did test it - hence the violent bullish reaction from the European Central Bank. At this point it is hard to make any technical prediction because we are dealing with the European Central Bank which can easily push the price. But we are on the very edge of historical trendline. If APRIL candle closes below that trendline that will change EURO history for years to come - a close below will break 1985-2020 EURUSD uptrend (by modern definition of technical analysis) that lasted 35 years. Even we move below that trendline in April it is still not guaranteed that we will stay there. April monthly close below is necessary and May candle (being bearish) has to validate that as well. But I will not be surprised if this breakdown occurs considering the situation in the EU. Even on small April volume EURO keeps flying down. ECB can push the price but not control it.
by ICFX
3
BTC 2012-2021 analysisHere you can see my view and analysis based on the historical cycles and if the cycle will repeat,you can see on the chart what result i got. This is of course hard to say if it is real to happen but from the analysis it is real and i will let this chart to be in my profile to see what will happen -This is not a financial advice.This is just my analysis.So make sure to analyse for your-self and you are responsible for your trade or investment Have a nice day!
BITSTAMP:BTCUSD
by CryptonikLion
4
EURCHF Time To Scout Longs. Long-Term Trade Opportunity. EURCHF is at a major multi-year historical lows/support, along with a meaningful confluence of support. Will be on the lookout for longs. For the Risk-takers one could consider getting in long now with the patience to hold. OR For the more risk-averse, first wait for signs of strength from the bulls before getting in long. As for me I'm more inclined to patiently wait for signs of buyers stepping in before getting in long rather than jump in front of the momentum at the moment.
Long
by PriceActionNation
Bitcoin Outlook 2019 Q4 - Deja Vu LaunchAfter seeing us bottom out at the -80% from the last ATH around $3,200 it has been a surprisingly straight up launch. I had expected more of an up and down roller coaster ride, but "this time it's different"... sorta. We didn't range sideways like we did before, but I think we will still repeat the typical parabolic moves with -30% pull backs on the way up. Where we are at now I would expect another big move up or a slight pullback to recent support. I am in coin and looking for the 4 hour chart to show the dips and BUY them!
BITFINEX:BTCUSDLong
by Bonavest
4
Historical Comparison - What could do?BTC is definitely at a high tension point, and while many TA indicators and trends can be observed, none can be confirmed until the patter resolves itself. In moments like these I prefer to take the historical approach and compare the current chart to patters of the past for guidance. I think the comparison with the previous ATH of 2017 and resulting bear market afterwards is quite poignant but again anyone can have a different opinion of where exactly we're at when looking at the micro trends of the price/time waves. My personal opinion is that we're at a comparison point of ~ March 22nd, 2018 denoted by the very pronounced green wick downwards in the days preceding it. Sound familiar? For now the only thing left to do is wait and see how it plays out as it could also be argued by bulls that we're at ~April 4th, 2018 instead! Pattern will definitely resolve within 3 days, I don't expect it to take that long and I definitely expect it to be a noticeable breakout event. Long term trend still bullish, short term trend bearish but unknown if this is the end of the trend or the reversal point Good luck, happy trading and as always SET YA DAMN STOP LOSSES (but not too tightly or you might lose out)
BITSTAMP:BTCUSD
by SwiggitySwerve