Market
VIX has a death cross on the dailyWhat Is a Death Cross?
The "death cross" is a market chart pattern reflecting recent price weakness. It refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.
Despite its ominous name, the death cross is not a market milestone worth dreading. Market history suggests it tends to precede a near-term rebound with above-average returns. (investopedia)
Historically what happened when VIX has a death cross:
Death Cross Date. Spike date Range
8/20 2020 9/3 2020 21 to 41
11/17 2019 12/2 2019-2/25/2020 11-85
3/18 2019 3/22 2019 11-24
7/6 2018 10/10 2018 11-35
4/8 2016 6/24 2016 12-26
4/14 2015 5/6 and 6/30 2015 11-27
5/6 2014 8/1 2014 10-17
11/22 2014 2/3 2014 12-6
So statistically, When death cross is observed, VIX tend to bottom at 11's. After the bottom we tend to see a meaningful spike. Get ready for a great bull run for days/weeks.
NZDUSD CONTINUATION SETUPPair: NZDUSD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, Fibonacci retracement
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Key Takeaway: Seen price break trend line and test support, we have also seen a bounce off 0.5 on the fib retracement level. As USD strength is still all there we will be shorting this pair as we are starting to see signs of a continuation of bearish movement
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Level needed: need a close by 0.61945
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Trade: Short
RISK:REWARD 1:7
SL: 15
TP: 100
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AUDNZD DOUBLE TOP Pair: AUDNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance
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Key Takeaway: Seen alot of resistance against trend line and a double top form on the 1H chart, once we see a good amount of bearish momentum we will be looking for short entry
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Level needed: need a close by 1.11460
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Trade: Short
RISK:REWARD 1:13
SL: 10
TP: 130
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SPY Daily chartThe SPY laid out a nasty trap the past couple of weeks. After screaming up on a bear market rally the SPY made a huge gap up. If you take a look at the past months you'll see that most of the reversals after a bull run started with very similar gap. This gap lead me to go short a bit early. I got burned a bit but managed risk the best I could. As you can see the SPY gapped down Friday and closed near lows. This leads me to believe that the run may be coming to an end soon. There is no certainty but with the VIX closing red 10 straight weeks under some pretty tough financial conditions worldwide + lack of volume to support this rally. I think its logical that we may see some downside in the market in the near future.
ETH TO THE MOON BY OCTOBERHello guys, this is an analysis of short-term and long-term...
ETH has broken the resistance of 1280 recently, but it doesn't mean a bull run is coming, so you shouldn't worry about losing the opportunity of buying ETH, there's a GAP between 1300-1700 that should be filled and ETH goes back to the actual price, and the target will be below 1000$...
whenever ETH reaches above 2000$ again and stays there, it indicates a bull run and a new ATH will be patterned...
the current closest target is 1500...
Entry: 1305
TP: 1500$
SL: 1265$
Leverage: 1-5x
Follow me for more ideas...
GBPUSD KEY LEVEL BOUNCE OR BREAK?Pair: GBPUSD
Timeframe: 1W, 4H
Analysis: Round number level, trend line, volume profile, support and resistance
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Key Takeaway: Just hit very significant and long term support and trend line with a double bottom on 4H, GBP is significantly week right now so we are looking for either a break or bounce
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Level needed: need a close by 1.18050(bullish) or 1.17690(bearish)
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Trade: Neutral
RISK:REWARD —
SL: —
TP: —
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CADCHF PENNANT BREAK CONTINUATION?Pair: CADCHF
Timeframe: 1H, 4H, 1D
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, trend channel
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Key Takeaway: Stuck very well to downward trend channel so we are looking to sell when price breaks pennant and high volume level
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Level needed: need a close by 0.73730
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Trade: Short
RISK:REWARD 1:5
SL: 15
TP: 80
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BITCOIN - Green vs Blue! Who Will Win?Many of you asked me to analyze BTC "log" monthly chart, so here we go :D
From a long-term perspective, BTC is overall bullish trading inside our two (green and blue) channels.
We are in a correction phase, but the question is, till when / where?
📌 We have got two main key rejection zones:
1- Blue Team
* Blue Trendline acting as a non-horizontal support
** Blue 50 Moving Average
2- Green Team
* Green Trendline acting as a non-horizontal support
** Green horizontal support
📌 I also highlighted two more confluences that might help us feel the chart even more:
1- Previous corrections lining up with the Green Team
2- Fast MACD, that would show us the shift in momentum as it happens like the previous correction / orange arc.
Will the Blue Team be strong enough to push BTC from here?
Or will BTC defeat the Blue Team to finally find rejection around the Green Team?
Of course, we will need to zoom in to lower timeframes and wait for the bulls to take over by breaking above the last Weekly/Daily major high.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BUY TWITTERJust an idea and trade at your own risk.
TWTR is still in its uptrend channel and double retested the demand (support) zone and forming a double bottom pattern.
Next targets to area 50 and after breaking and closing weekly above the double bottom neckline at area 52,
will confirm its bullishness movement to the upper channel of the uptrend at area 85 as long term target.
Market Makers Dump APPLE 8/19The current price on Apple is 174 at the close.
Market makers have been using apple as a way to pump the market before the greatest crash since 2008. Based on volume and open interest of 145c and 175c calls, market makers have created thousand of spreads.
VRVP indicates a midline of 150 so a 145c call would be minimally influenced by theta burn from a quick drop in the market. So what did the market makers do, they purchase 145c calls as "equity" to their spread, PUMPING the price up over time, weeks and weeks at a time, and now selling 175c calls into the market, directly to blind retail traders. What's going to happen if they all sell their 145c calls, that's HUGE equity being liquidated, support levels disappearing and a correction will be necessary to fill the gap.
With calls being at 175, and Apple closing at 174 while testing 175, they maximize their profit on 175c calls because these positions on at the flipping point between being in the money and out of the money, gaining the extrinsic value of momentum for a potential leap above 175, on top of the intrinsic value of being above the breakeven price level.
I expect a HUGE short in pre or today's aftermarket. Because 175c calls will be destroyed, DESTROYED, if apple opens at 173 or less. and what will happen, these 100,000 calls sold into the market are going to realize how saturated they are and when one starts selling next thing you know the calls are worthless and this will cause mass selling.
I truly believe D Day is tomorrow, with these options expiring, market makers will literally just EXERCISE their 145c options and sell them all into the market, in American markets you can exercise calls at any time, especially in pre-market.
Truly fascinating that market makers are allowed to make this, but I guess it's how the cycle sustains itself, destroying the middle and lower class that invest their savings because then they need to work forever as slaves for the people at the top, truly fascinating.
XRP BREAKOUT TO THE BEARS!The price has officially broken out the consolidation range to the bears. The target point for a reversal is still at at $0.28 however there is a few levels of support before the price reaches this point, these support levels were sourced from the fib retracement of the current wedge formation.
The price has bounced off the golden ratio, (62.8% fib) so the price should sit around this area for a bit before breaking lower, ($0.334-$0.330).
The RSI is also pushing oversold on the 4 hour chart. This is a good indicator as a recovery is in sights.
It can be argued that the reason for the price dump along the whole crypto space is based on the current talks about a interest rate hike by the FED which on top of the previous hike, results in a sell off of traditional stocks and assets as we have seen today.
Feel free to comment your opinion on the matter.
Dragonchain £16.5 MillionThe U.S. Protections and Exchange Commission has squeezed charges against Dragonchain for supposedly bringing over £16 million up in a contribution of unregistered "crypto resource" protections — a gigantic sign the controller is extending its campaign against the digital money space.
SEC Files Suit Against Dragonchain
The SEC has hit Dragonchain with lawful activity.
The protections guard dog on Tuesday recorded an objection against Dragonchain organizer and CEO John Joseph Roets for neglecting to enroll £16.5 million in crypto resource protections offering. The SEC is likewise suing three business elements related with Roers and Dragonchain: Dragonchain Foundation, Dragonchain Inc., and The Dragon Company.
The protest, documented in the U.S. Area Court for the Western District of Washington, asserts that the litigants got £14 million from the offer of Dragon tokens (DRGN) in an underlying coin offering (ICO) advertised to around 5,000 financial backers across the globe in 2017.
An ICO is a financing model utilized by blockchain new businesses to quickly raise capital. The organization welcomes financial backers to buy its recently made token or money through a limited presale before it is delivered to the public.Twisting the blade, the SEC likewise guarantees that every one of the three elements and the pioneer sold an extra £2.5 million worth of DRGNs to cover business consumptions and market Dragonchain innovation in the period somewhere in the range of 2019 and 2022.
Dragonchain was created by the Walt Disney Company in 2014. The convention became open source and was delivered to people in general in 2016. Dragonchain, which promotes itself as a cross breed blockchain framework for "tackling business issues at an endeavor scale", has not been in standard cryptographic money news much in the midst of other sprouting projects.
The SEC is looking for long-lasting orders, common financial punishments, and vomiting of the returns.
Roets Says He Has A 'Exceptionally Strong Case" Against SEC Charges
The Dragonchain boss designer is freely getting down on sketchy conduct by the SEC.
Roets, who had recently been educated by the SEC regarding the test, tended to the charges prudently in a letter from May posted on Tuesday.
He vowed to give an exact contention to demonstrate that the U.S. top monetary cop shouldn't record charges against the named respondents for infringement of protections regulations.
"The SEC is singling out tasks to target, frequently singling out the ones with the greatest chance to upset occupant interests, while giving a free pass to other people," Roets declared. "The commission is attempting to shoehorn programming innovation into inconsistent protections regulation from the 1930s. This raises doubt about whether the Commission comprehends the innovation enough to manage it really."
Roets accepts he has a "exceptionally impressive case". Whether Seattle-based Dragonchain chooses to mount a brutal lawful guard against the SEC (like Ripple) instead of settling is not yet clear.
The SEC has for a really long time neglected to direct the security status of numerous digital currencies while constantly contending that crypto resources ought to be brought under the domain of protections guidelines. The organization has rather picked a "guideline by requirement" move toward that has gotten under the skin of numerous crypto lovers.
Last month, the SEC broadcasted that nine of the digital forms of money recorded by Coinbase were to be sure protections. The office is additionally investigating whether the crypto trade allows Americans to exchange such tokens that ought to have been enrolled as protections.
Could I have cracked a code! US30, DJIA, Dow JonesIf we start at (1) Jan 5th All time high and move 51 days down to a new low to Feb. 24th 2022 that would be the 1st leg down. Then take (2) Feb. 24 2022 up 57 days to April 21st 2022 that would be a new lower high. Then April 21st 2022 58 days down to a new lower low to (3)June 17th a new lower low, and finally back up to (4) 60 days up to 8/16/2022. If this is the peak of the (4th) part of the wave, we could see a down turn from here to the 5th and final leg down to the Dow being approx. 26,811 in 60 days OCT 17th 2022.Then a possible bounce back up from this market correction.
EQUITAS HOLDINGS long swing trade first given the cup & handle
breakout and achived the target of FIB 1
then coming down
for the correction
and now taking support
at FIB 0.5 lavels and also at 50 EMA
from this lavels target
could be FIB 1.618 in
few days
GBPJPY WHICH WAY WILL WE BREAK?Pair: GBPJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant
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Key Takeaway: Need a break of resistance and trend line or bounce of both these levels bearish
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Level needed: need a close by either 162.520 (bullish) or 162.260 (bearish)
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Trade: Neutral
RISK:REWARD —
SL: —
TP: --
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION