Cronos (CRO) - Bullish divergenceOn the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
M-oscillator
S&P 500 INDEX to 6000 before mid 2023Firstly a big thank you for taking me past the 10k likes on Tradingview. That’s a great milestone and tells me the ideas must be appreciated. If it is okay with you I’ll continue to share them freely.
As a thank you for taking my ideas past this milestone I want to share the idea that will challenge 95% of those reading. You will just not believe what is about to happen in the following 6-9 months. Use this idea as a cheat code to take you to the 5% club.
It is highly probable the market will rip higher and I’m betting on a new all time high before the middle of next year in the area of 6000. Then we can have our recession.
Still reading? Or have you gone straight to the comments for some club 95% ‘you mad bro’ comments?
What’s the evidence? There’s technical and fundamental. Firstly the technical on the above weekly chart:
1) A ‘great buy’ signal has printed. Look left.
2) Every year that ends with a ‘2’ for the last 70 years has beautiful symmetry with its roots in pi-cycle theory, but I’ll not go into that here, just accept it.
Each of the annual charts below are the last 70 years with years ending in a ‘2’ with the vertical lines approximately identifying a 12 month window.
1952 -
1962 -
1972 -
1982 -
1992 -
2002 -
2012 -
And finally 2022 - see a pattern?
The Fundamentals
1) Mid-term elections - the FED will not crash the market with up and coming mid-term elections. They never have in the above years.
2) Insider trading - The people making the decisions / your glorious leaders, they are actually buying the dip:
“U.S. House speaker Pelosi discloses trades in Apple and Microsoft”
Source: www.reuters.com
This is not an isolated event.
3) Sentiment is at the lowest it has been for 40 years! Not even 2008 comes close. People are so bearish right now that it is actually bullish.
4) The Put / Call ratio. The number of retail traders ‘short’ on the market is at levels not seen since August 2020. Remember then? The world was ending then too.
5) The ‘Put/Call’ ratio is printing bearish divergence just as it was back in August 2020. The market ripped higher afterwards.
Well that’s it - Hope you enjoyed, this took some hours of study and preparation.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 6 to 9 months
Return: 50-80%
Verizon: Weak in a Strong MarketThe S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in?
The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect weakening sentiment towards the telecom’s fundamentals.
Second, VZ peaked below $45.55 in late September. That was a long-term low from May 2022, which may suggest old support has become new resistance.
Next, VZ has chopped around its 2023 high of $42.58 but is now below it. That could be a sign of resistance taking hold.
Fourth, last week’s slide below the 200-day simple moving average could mark an end to its longer-term uptrend.
Finally, MACD is falling.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
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Boba Network (BOBA) — Get Ready for Explosive Wave 3 (Easy 28X)I'm not going to make many posts about altcoins and I'm only posting some of those that I'm holding personally and have the best structure in my opinion.
This is another great opportunity similar to my previous posts.
During a wave 2 correction price action did a retracement to the 0.786 level and is now moving sideways inside a support zone.
RSI is stable and moving sideways on support as well.
Nicely looking structure on the BOBA/BTC chart, sleeping on support:
Look at these wild green weekly candles in the first wave: +70%, +45%, +98%.
And +5000% in one week in 2021.
Judging from the size of wave 1, wave 3 can easily reach previous all time high and even exceed it.
Conservative target: $6.00 (2700%).
USD/CAD 4H Bearish Double Top with RSI Divergence Trade SetupUSD/CAD 4-hour chart is forming a bearish double top pattern near a resistance zone, signaling a potential reversal. The RSI shows bearish divergence, with the price making higher highs while RSI trends lower, indicating weakening upward momentum. This setup suggests that a bearish move is likely if the price breaks below the key support level at 1.38138, which is the designated sell entry level in the plan. The stop loss is set above the double top, at 1.39624, to protect against a breakout above resistance.
For targets, Take Profit Level 1 is set at 1.36665, while Take Profit Level 2 is positioned at 1.35443, aligning with lower support levels that could serve as points for a potential reversal or pause in the downtrend. The plan projects the double top breakdown using a red line labeled "Projection of DT," indicating the estimated move downward if the pattern completes. This trade strategy utilizes confluence between price action, RSI divergence, and a clear breakdown structure to establish a high-probability short trade setup.
Where are you going dear crypto? (long term)Bitcoin finished 5 weekly wave in end of 2021 and we are in more complex forth monthly wave. So where we are?
TOTAL3 also finished 5th wave and alt coins are in corrective move (ABC) - look at elliott wave oscillator and squeeze indicator
BTC.D looks like accumulation structure. Note: I am not sure if we saw spring yet.
ratio TOTAL3/BTC looks like triple top (ratio 1 looks like strong resistence) and rising wedge with decreasing volume.
Bearish signals piling up for crude oil pricesA lack of direct stimulus measures in China likely contributed to the rough end for crude oil last week, with prices not only breaking minor uptrend support but also closing below the 50-day moving average.
It’s the latter that’s got me eyeing a potential short setup. The ratio of how often the price has traded through this level versus how often the break has stuck is notable over recent months. The uptrend in RSI (14) has been trashed, and MACD is on the verge of confirming a bearish signal, skewing risks lower.
However, I’d like to see a break and hold below $69.74 first, the low hit on US election night. The price bounced strongly from there, so it looms as potentially key level for near-term directional risks.
If that level breaks, shorts could be initiated with a stop above either the low or the 50-day moving average. Targets include $66.72 (October 29 low), with $66.33 and $65.27 next.
If the price reverses above the 50-day moving average and closes there, the bearish bias is negated, opening up potential bullish setups.
Good luck!
DS
ALTS PUSH ? - After weekend this will decideAfter the weekend, a double break of the trendline and RSI will decide if we have the long awaited FINAL PUSH for the Altcoins.
This time, unlike 2018 and 2021 I think it will be selective. Not all alts are going to fly or even go up, so we will have to choose wisely.
Some of the ones I follow individually with the confirmation of this chart are #LINK, #ONDO, #XRP and #VELA.
They all depend on this chart and what happens with #BTC.
Let's follow it closely!
CRYPTOCAP:BTC CRYPTOCAP:XRP BIST:LINK LSE:ONDO LSE:VELA
Bitcoin Cash Long Setup Setting / Two sides of the MarketBINANCE:BCHUSDT
COINBASE:BCHUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
379
385.4
391.9
399.3
🔴SL:
358.8
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Is a 70% crash to 20k for Bitcoin going to print ??This is a 3 week chart. Each candle print takes 3 weeks. This is not a forecast for tomorrow or the day after. This is months in the making.
On this timeframe months pass until targets are realised. Regardless, there are some important signals now printing that require attention.
When:
1) Stochastic RSI was above 80 AND then crosses down 50 (red arrows)
AND
2) RSI 50 level confirms resistance once a breakout has printed (black circles) as it is now, you must watch for a confirmation of resistance.
A and B had confirmed resistance in 2018 and 2019. 80% and 70% corrections followed. Point C in early 2021 was a false breakout only confirming in late 2021. A 75% correction followed.
Look left. This chart is now either repeating years 2018 / 2019 or 2021.
There are some important takeaways from all of this.
1) Whether it is a repeat of 2018 or 2019 or 2021, the bull run is over inside the next 6 months. There are far too many calls for higher highs into 2025 and beyond. That is not going to happen.
2) This is not a forecast for something that is going to happen right away.
3) The market top is not in yet. True. Market tops arrive with Euphoria not fear.
4) When this RSI resistance confirms, there will be no long opportunities in the market until 2027 at the earliest.
Ww
Palantir, expecting retracementPalantir uptrend move from June 2024 so far has been incredible. But I think enough is enough!
Palantir broke out of its "cup and handle" pattern in mid June and already hit its target at about 50$ per share.
The stock price is currently standing at 58$ per share, which is surpassing its cup and handle target and even 4.76 Fibbonaci extension level.
I believe we will see a retracement to around 50$ per share soon. We also see that the when RSI indicator is at these elevated levels, there is usually a retracement or sideways price action.
$SPY November 9, 2024AMEX:SPY November 9, 2024
60 Minutes.
Run-away gap in action.
Hence very strong uptrend.
Got weakened on Friday.
As we can see we had 2 lows. 568.44 and 567.89.
Oscillator divergence.
Hence if we draw extension now, we have first target 607 levels.
The consolidation I need is not happening.
Moving averages setting up nicely. In order.
9,21,50,100 and200 in that order.
It will be a good opportunity to buy around 588-592 levels. for the next uptrend.
As we can see in 60 minutes 580 is very strong support.
15 Minutes.
For the last rise 593.92 to 599.64 holding 596 is important.
If 596 is broken, we can probably see 592 as target.
I need a pull back for a buy.
Again, not a chart to short except for 3-4$ maximum. As of now.
in 15 minutes, big oscillator divergence.
Air Products Pulls BackAir Products & Chemicals jumped last month. Now some traders may see opportunities in its recent pullback.
The first pattern on today’s chart is the bullish gap on October 7 amid reports that activist investor Mantle Ridge had taken a stake. The provider of industrial gases continued upward and made an all-time high two weeks later.
It then pulled back to hold roughly $302. That level was the peak on September 27 and near the low on October 7. Has old resistance become new support?
Next, prices are trying to stabilize at the 21-day exponential moving average. That may suggest its direction is still pointing higher.
Finally, stochastics have turned up from an oversold condition.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
CHAINLINK ready for the RUN! On the 3D chart, we have:
Breakout on the Trendline.
Breakout on the RSI.
Breakout on the SMA 200.
And a Golden Cross.
You can´t get more bullish signals if you want, but it doesn´t mean that in the short term we can´t take a correction.
If we get it,The Pullback is a BUY.
Fundamentally as I think we are in the year 1999 for Internet but for crypto now, BINANCE:LINKUSDT is one of those that has value. There are not many of them.
Selling is a must during this Bull MKT top.
Stellar Long Setup Setting / Risky but Why not?BINANCE:XLMUSDT
COINBASE:XLMUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 0.0914-0.0942
⚡️TP:
0.0955
0.0968
0.0985
🔴SL:
0.0892
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Ethereum vs BitcoinAfter three years of downtrend ETH/BTC ratio has arrived at long-term support at approximately 0.035.
Bitcoin is in the process of breaking out from the consolidation and Ethereum is starting to show some signs of bullishness. The current weekly candle ( not closed yet ) looks like a bullish hammer so far. Weekly RSI is oversold and Stochastic RSI is below 20 for a long time since the first week of August.
Actually, look at these indicators on higher timeframes: 2W, 3W, 1M, 2M! Stochastic RSI is below 20 and potentially ready for a cross up.
It is very early because the candle is not closed yet. We want to see it closing in a bullish way: bullish hammer, dragonfly doji etc. We then should wait for another week for confirmation. This will suggest that the downtrend is probably over and it is going to be more profitable to hold Ethereum instead of Bitcoin because Ethereum will outperform Bitcoin in the coming months.
PROTIP: smaller altcoins will outperform Ethereum!
SUIUSDT Long Setup Setting / Quick tradeBINANCE:SUIUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status🙂
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone: 1.872-2.1035
⚡️TP:
1.9517
2.02
2.1035
🔴SL:
1.7654
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
$COINBASE as BTC going UP! 3 targets, let´s see.To continue with my theory, Q4 is from the Cryptos.
Q2 and Q3 were stocks, but now is the Crypto moment, and the stocks that will do well in my view are from this sector.
In the case of NASDAQ:COIN we have a Breakout on the Daily RSI, about to do so on the weekly, which would give a confirmation. And we need to break the 200 MA for another confirmation.
So:
Confirmation 1 Breakout MA 200.
Confirmation 2 Breakout RSI weekly.
Stop Loss: At $154.
Targets:
T1: $255.78
T2: $317.92
T3: $399.04
Maximum 5% of the portfolio.
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
$SPY November 5, 2024AMEX:SPY November 5, 2024
15 Minutes.
For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels.
For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels.
Now we have a sideways in box range between 575 to 567.
Bias id down as AMEX:SPY below all moving averages.
The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence.
Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move.
Bias is towards short side.