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Long-term-correction

NASDAQ reaching end of Capitulation? Or only half way there?Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? I have the most recent corrections in history highlighted, their reasons listed. > It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 corrections. > It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions. > It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market. >>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term stocks go up.
NASDAQ:NDXLong
by FortunaAlgoAnalytics
4
S&P 500: The Big PictureThis shows the consistent channel the SPX has demonstrably been following since the Great Recession of 2009. And it shows that since Dec 2020, it has strongly overshot the channel. It seems rational, therefore, to assume it needs to correct back into this channel. My red stars are not exact predictions, they are intended to point out possible correction levels in the near future. This is actually a pretty optimistic forecast because it's possible that much of the post-2009 rise has itself been excessive and could experience a profound correction at some point. However, surely the Covid crater was a good measure of how low the equity market can go, even under extraordinary strain. Covid provided a major stress test for equities, and the market held up with a super-bull rebound. This would seem to suggest that confidence in the soundness of this long-term channel is warranted. However, it stands to reason, based on that confidence, that we should see some correction or consolidation until the SPX is back in its long-term channel.
SP:SPXLong
by iGoddard
$LINK: Pitchfork holding strong.Hey everyone. I hope ya'll are doing ok after that pretty brutal price action from this morning. I just wanted to post this as this link pitchfork has been holding strong for months and months now. - We can see multiple times that the bottom 1.0 prong has been tested and has held. This is actually a pretty incredible trend line that has been a rock solid floor for the growth of Chainlink. I don't see that changing in this instance either. - In bullish news? We've bounced and rallied decently well off this bottom blue trend line, and a touch of the 1.0 prong has lead to consolidations followed by massive rallies to all time highs pretty much each time it's done this. - Long term view? We're still safely inside the 1.0 deviation here, and the macro trend is in tact. Again, I'm just buying and holding chainlink. I think trying to time the markets or over leverage yourself is asking to get spanked in this volatile market. Either way, $ASS, and $CUMMIES and all the little Fin Tok kids having a blast creating meme coins and leverage trading for fun? That had to get spanked. We're still set to have a great summer for growth in crypto, and especially defi. Link + Arbitrum will change the world. Soon after that I'd imagine link staking will be announced. And once that's on? It's go time for the price.
BINANCE:LINKUSDLong
by its_maxbro
6
What happen to BTCUSD?Well, today was not a good day, it was liquidated nearly one billion dollars in the futures market. But what is our situation now? Is the long-term market trend is correcting or is it falling? Looking at the RSI, we see that there is a strong negative divergence between the price and the RSI, which has already warned for a price correction. In my opinion, we are not in a dangerous situation at the moment and the situation seems quite normal. Let's look at the chart in weekly time-frame. You can see that the price has just hit the mid-term trend line (the blue line). I am currently considering three scenarios: 1 - Bulls come and raise the price from this point and BINANCE:BTCUSD goes the green path.And we all take a deep breath. 2 - Bears come and break the mid-term trend line and and the price drops to 42K support. Note the strength of this resistance, which can be a return point. In this case, the price hits the long-term trend line (black one) and continues the orange path.I think this is a scenario where you can buy the DIP. 3 - and the nightmare scenario when the long-term trend line is broken, then the situation becomes dangerous and we hope this does not happen. Anyway, I want to say keep calm for now and if you are a Hodler, do not emotional actions, look at the chart in the weekly and monthly time frames. Looking at Bitcoin's history, you see these correction are completely normal, even they help market health unless we lose long-term dynamic and static supports.
by mim.sedghi
2
BTC Long-Term CorrectionHi everyone. I've been considering this idea for some time now on BTC and thinking that this probably will be a much more major correction than many expect. Currently, there still isn't any real reason for BTC to be heading on another bull run. There is widespread economic instability and mounting government debt world-wide, increasing unemployment rates and many of these jobs simply will not return. There simply is no new money to fuel this kind of a run up for BTC. Covid-19 is not the underlying cause of the poor shape of the global economy, but it was more than likely the catalyst that finally set it into the turbulent motion we will experience for some years to come. I think that in a "best case scenario" for BTC, it could be making a very large contracting triangle. Depending on how much the global economy suffers over the coming years, the price of BTC could behave FAR worse than this. BTC could find itself in corrective mode for nearly the entirety of this decade before breaking out of this trend for more upside - if this idea plays out. Markets like the S&P are ripe for a crash any day now, and with Covid-19 rearing its head for another round and the US presidential election about to commence - I believe we are about to see a MASSIVE crash market-wide. The waves I've superimposed are just for ideas - I doubt that it will behave like this overall, but I expect the timing to be potentially accurate. How it is drawn here is my best guess - however, Wave-E could take much more time than I have here, but shouldn't last longer than the green box. RSI (bottom indicator) has been screaming top for a while now, and several other indicators tend to support this. Let me know your thoughts on this, I just don't see a bull run any time soon. Good luck... not trading advice, just my thoughts.
OANDA:BTCUSDShort
by Korastiz
6
LTC/USD first Bullish signs after halving, going for $250?Welcome fellow Tradingviewers, This analyses is only showing you guys my vision on LTC and should not be considered as financial advice. If you agree or find this analyses usefull, dont forget to leave a Like! We have taken a close look at the LTC/USD and LTC/BTC graph. We have seen huge gains in the beginning of this year due to the block halving that LTC went through. We caught some great moves including the trade all the way towards the $140 area. Since then LTC has been having a hard time in BTC and USD value, we have made a 50% correction in USD terms and a 66% correction in BTC terms. We have opened long positions on both of the pairs and secured a big bag for the long run. We have bought LTC at 65, 67.5 and yesterday at 69.75. The reason behind the trade is that we are now approaching and possibly bouncing from weekly 50MA , which is the moving average that has not been retested since the break above. LTC/USD might also be making a big Cup and Handle pattern on the weekly graph. The Cup and Handle pattern is a very reliable pattern. Therefore we will add to our bag as soon as we see a breakout of this cup and handle. LTC/BTC is also starting to show the first bullish signs after a 66% correction. We are currently trading around the weekly support level and we the last weekly candle has closed as a Hammer candle. Hammer candles are usually located after a significant downtrend and indicate a trend reversal is near. So overall LTC is looking very bullish, targets in USD terms for the short term are $100, $120 and $160 but we believe that there is a pretty high chance that we might extend all the way towards $250 . We will ofcourse update you guys on the way. If you have any questions or comments please leave them below or send a message to @forallcrypto on instagram. Safe trading to all of you! Kind regards, The Forallcrypto team
BINANCE:LTCUSDLong
by ForAllCrypto
USD Index. Long Term ViewAs you can see on the chart, I think we had the top on Dollar Index at 103 and we are not going back there anytime soon. The entire Daily structure looks very much like a reversal to me (maybe a Head&Shoulders). With this being said, I also think we had the daily swing bottom set couple weeks ago at the price of 91 and we are not going back below until USD Index doesn`t make a deep correction. I expect this correction to be either a 3 wave zig-zag or a 3 wave flat. In any case, would be watching closely the 0.50 and 0.618 Fibbonaci retracement levels of the entire move (103 to 91), as I expect the price to start turning bearish in that area. I will be updating the chart as the structure develops and starts giving hints of the next moves.
TVC:DXYLong
by MarcuDan
2