Beware, the red ring of death is upon usBehold, another red ring of death is upon us.
For most it's the bringer of pain and destruction.
For few, a guiding angel to incredible buy spots, bringing wealth beyond thy beliefs.
Legdown
SPX OutlookSPX is opening up mostly flat. We need to hold 3900 early on this week for a move up to 4000. There are a few easier Gap targets above if we can hold. Below 3900 its possible to see a drop back towards 3800 quickly.
BTCUSDT short continuesAfter a healthy retrace of 30% of a 5.162 Fibo beautiful leg down BTCUSDT shows a condition to reach 13k soon. Rout to meet Dec '17 ATH. This pullback seems accomplished and now we can see a good pivot point to adding on shorts in the crypto market expecting an 2nd leg down after that prior swing. Plus Fibonacci Retracement new target and Fisher Transform potential reversal sign on this H1 chart.
BTCUSDT Key level to SHORTLINKUSDT is in rout to 4.00USD. After 30% retrace we have a pivot point to adding on shorts. Fisher Transform crossing on 2H chart. Prior swing leg downward accomplished. 14.6% hidden Fibonacci Retracement level targeted.
BTCUSDT daily up-to-date AB=CDPossible weekly close pinbar target at 33k on this swing beartrend leg down based on Fibonacci ratio with AB=CD Gartley pattern.
#NASDAQ - CRASH - 12.000 INCOMING? Nasdaq broke the recent correction lows and closed right at session lows.
If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down.
Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major inflection point in the Nasdaq chart.
That would probably be an insane buying oportunity, especially in some - at that time probably completly obliterated - high growth stocks.
---- If you wanna protect your portfolio, wait for Nasdaq to retest 13.700 from below and get rejected, that would be your lowest risk/reward short entry. Im not posting full short setups though, cause of reasons :D ----
STAY SAFE out there and good luck on your trading.
SPX500 could finish the last leg-CPossible that SPX will reject at Daily 50MA. Don't forget to use SL.
GOOD LUCK!
NATURALGAS preparing another leg downSetting up another leg down. Don't forget to use SL.
GOOD LUCK!
ETHUSD - Let's get this drop party startedETHUSD ready to drop.
That's not a text book rising wedge, but I don't want to tell you how many times I have seen that play out!
Furthermore, the flag is pretty obvious and the result should and in a minimum drop of 40%.
I'm inn. Let's go!
Happy trading everyone!
