Remarkable similarities to February2020 & August-September 2008 The current rollover in the market, featuring a clear double top with negative RSI divergence, is remarkably similar to the February 2020 & August-September 2008 rollovers. My opinion is that the current rollover will resolve with a large move to the downside in similar fashion to the aforementioned time periods.
Market
DXY - To Be Continued... 🎬Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
For those who know me, I always keep an eye on DXY to feel the overall market (stock, crypto, forex)
As per my last analysis (attached on the chart), DXY is approaching a strong support / demand zone in blue (102 - 103.5)
And we can clearly see that the bears are getting exhausted as they the bearish impulse movements are getting smaller.
As per my trading style:
As DXY approaches the blue zone, I will be looking for bullish reversal setups on lower timeframes (like a double bottom pattern, trendline break , and so on...)
For now, we are still bearish trading inside the orange channel.
For the bulls to take over, we need a break above the last high in orange and the upper orange trendline.
Meanwhile, DXY can still trade lower inside the blue support before forming a new swing high and break it upward.
In brief, wait for a break above a major high AND upper orange trendline for the bulls to take over.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Market overview - quick look at BTC, ETH, SPX, GOLDMarket overview - quick look at BTC, ETH, SPX, GOLD
Gold seems to be most bullish out of all those at the moment, lining up with our overall fundamental view that Gold should be king in this macro economic environment going forward for the next 10 years
btc/usd future...1000%As you have seen. My previous two analyzes were completely correct and accurate.
I think BTC can come down by 84% like past
So it will come down by another 30%
But in the future can come up and can be very profitable.
I analyzed it very simply. If you like this analysis, give me the energy to do the same research for other currencies.
Is this the end... again?As housing is a necessity for all of humanity... it's a good indication on where the markets heading.
Since 2008, the housing futures market found support near !146 in early 2009, after an expansion and retrace the market found it's final bottom in early 2013 around !146 again.
This was the last support before the world starts to flourish...
Families were being created at new rates, humanity was thriving & technological advancement was hitting all time highs.
Everything seemed okay.
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Fast forward to 2019-2020 and the largest pharmaceutical fraud in humanity's existence appeared. Everyone was in a state of shock and disconcert that a bat virus would ruin humanity. When in reality... well that's for another time.
Not only did it appear when the world was moving steady, but it was "discovered" around the same price range that the 2008 crash took place - !220.
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Not only does this add to the conspiracy, but it can give a little insight as to what the f* is going on... was this pandemic to pump the market to confirm new highs? Might we call this a "pumpdemic".
The rich will always, get richer.
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Will we see brutal retaliation that we saw from over-leveraged institutions again?
A question, asked by many.
To be clear, yes. The markets are going to levels that no one will expect.
This will be a rough time for the world, and supposing the truth comes out about the "pumpdemic", lord have mercy.
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During the 2008 housing futures crash, we saw a near ¬ -30% decrease over roughly ¬ 12 months.
As of writing this (Nov, 2022), we have seen a ¬ -15% decrease over roughly ¬ 3 months.
In spite of the fact; the world's population and development has greatly increased since 2009, technically we should see greater %'s, negative and positive due to our advancement.
But, due to the fact the world is hanging on a thread of leveraged MANIA... during a "pandemic". There's a little more concern for the -15% over 3 months....
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Anyways,
We're not telling you to sell your real-estate... but instead keep an eye on what happens over the next 6-12 months- and have a decisive plan when making financial decisions.
Here's our analysis
We'll be back soon!
DAX 30 Big PictureThe DAX as a ZigZag correction .
Rules of the ZigZag correction .
1. Wave A must be an impulse or Leading Diagonal Triangle ✅
2. Wave B must be any corrective pattern (ABC) ✅
3. Wave b does not correct wave A more than 99% ✅
4. Wave C must be an impulse or Ending diagonal Triangle ❓
5. Wave C must be at least 70% of wave B from a price perspective ❓
6. Wave C fails extremely rarely (strong wave C) ❓
Current course .
The DAX formed a Leading Diagonal Triangle since the beginning of 2022, which can be represented as an ABCDE or 12345 wave.
The DAX was able to break out strongly from the Leading Diagonal Triangle in recent weeks (since October), forming an abc correction.
We bounced off the upper trendline.
Further course
In the last days, the DAX shows first weaknesses and we assume that the DAX has already formed its TOP and now another downtrend follows.
If the assumption of the ZigZag correction is correct, now the DAX should form another 12345 structure to the downside, which should hold in the trend channel. There is also still the possibility that the DAX makes a final uptrend until about just above the upper trend line and only then crashes.
Depending on how the economic events will develop, we see 2 correction scenarios as likely:
1. the German or European recession comes harder than currently assumed and the DAX corrects below 10,000€.
2. the recession can be halfway cushioned and thus the financial market calms down faster and the DAX forms a bottom at around 10,500 to 11,000€.
We currently see the first possibility as more likely due to the economic environment. Interest rates will not be lowered in the foreseeable future. The real estate sector is under massive pressure. Many companies continue to struggle with the huge cost of energy and capital, and a large number of companies are still highly overvalued.
A perfect sentiment for a bear market to continue for another 6-12 months.
We will keep you posted!
short signal for the e-mini s&p500 👇hello guy's I wish you the best.
in last couple of days we saw that market went to the bearish condition therefore probability of shorting is higher than long position.
so I decide to release an idea 💡 for you guys so you can make money with it I hope you enjoy and make a good money out of it.
remember always take some partial out of it.
feel free to leave comments for me.
cheers 🥂.
🟨 TV Crypto Market Caps - TICKERSThese are quite useful to follow.
We have 4 major ways to track Crypto Market Caps
$TOTAL = Crypto Market Cap
$TOTAL2 = Crypto Market Cap - BTC
$TOTLA3 = Crypto Market Cap - BTC - ETH
$TOTALDEFI = Crypto Market Cap for DeFi
Clearly all are below the purple line (200D SMA) and clearly in Stage 4 downtrend (as per Stage Analysis criteria).
This mean "no-touch" for me. Actually the clear sign to get out for INVESTORS (not traders) should have been all the way back in January!
BTC Break downOn the 2 weed LOG chart you can see how the pattern falls over, Its getting to the point where it breaks down according to the 4 year :\"bare bottom" cycle
On some major trend lines it has already broken down but you cant see it on the daily chart.
Channel pattern below represents the price structure on how it normally flows.
🟨 Pausing rates - Bullish tendancy?The market is a forward looking mechanism. I have discussed before that the current correction can play out like 1994 bear market. For this reason I look at this as a historical precedent.
When the market sees pause it anticipates a decline, this pushes stock prices up, at least in practice :)
Bitcoin 2022-23 possible bottom As you can see we have a descending channel that has the Bitcoin price at $25k and two points touching the bottom of this descending channel at $17.7k and $15.8k. If we come in contact with this lower (yellow) trendline (mentioned by Gareth Soloway) we could possibly see price action at $9.5k. If this is the case the bottom could well be in this bear market.
The Impact of Economic Factors on the Stock MarketHi there! So, I heard that the economy is in a bit of a rough patch because the FED is raising rates, there's some quantitively tightening happening, and there's a potential recession on the horizon due to a supply shock from the Russia-Ukraine war and China's pandemic restrictions.
It looks like we might be heading into a recession, which is sooo not good news. The stock market will definitely be feeling the effects if the index falls below its moving average of 200 days. It's not looking great, I have to say. But don't worry, there are still ways to protect your investments. Some technical indicators you might want to keep an eye on include the relative strength index (RSI), the moving average convergence divergence (MACD) indicator, and the Bollinger bands. These can help you evaluate the strength of the current trend and potentially identify opportunities to buy or sell.
Also, outside the SPX index there are still ways to further protect your investments. For example, you might want to consider reducing your exposure to risky assets and increasing your holdings of safe-haven assets like government bonds. Just remember to stay positive and keep an eye on the market!
Weekly Bullish DivergenceHello everyone,
for anyone who is a fan of Crypto Face's indicators, Market Cipher B has been showing the development of a Bullish Divergence on the higher timeframes. 'Weekly' timeframe in the current chart.
On the weekly, it seems as though both WaveTrend's are preparing for to cross. This is an extremely bullish indication. I think it's definitely something to look out for.
Do not make any decision on this alone. Further analysis is needed among multiple different timeframes to come too a solid conclusion. We must wait for and see the multiple timeframes are telling us the same story.
Will keep updated.