BITCOIN : Btc/usdt Inverted Cup shape BINANCE:BTCUSDT
Hi , Trader's as per my analysis , inverted Cup shape chart pattern forming Which indicate
Bearish reversal pattern , if this is the case than market could fall to 20k area again
There is significant profit booking at area of 28K buyer's exit there long position's
400m$ long position's exited till now from 28k area , which indicate's powerful reversal
Maximum 30k will be the target for btc .
Market need's to break 30k and candle of 4hr or daily closes above that point with good volume than market can keep it's bullish bias
Marketalpha
Overstock is Ready, Are You?NASDAQ:OSTK
This stock came up on my option scanner and I have to say that I totally agree. This thing could just be getting started.
I looked back to see how price reacted at this level when the above indicator was this far extended. We got some pretty nice gains, most notably the first.
PT $125?
Can the Market Sell Off? These Indicators Say Maybe...AMEX:SPY , CME_MINI:ES1!
I was surprised to see in the indicators lining up in this way. If you look at the previous times I've marked on the chart, we saw some pain following a 0 cross of the top indicator in addition to the action in the lower indicator.
I think people may feel caught off guard leading to some volatility but if this is the case, I would be surprised to see a dip lower than what we just experienced. Although that is very possible at these levels.
Bullish Water Stock - AQUANYSE:AQUA
This stock came up on our screener and looks like it could be coming up on a longer-term resistance level. Water could become more difficult to access as supply chain shortages are affected, rising the price of even every day essentials including clean water.
I'll keep an eye on this stock, the indicators are all very bullish and looks like a breakout here may be possible.
AAPL Looks Tough to Call But Resistance is ClearThe behemoth that is NASDAQ:AAPL is going to report earnings October 28th. Typically, most stocks experience a "pre-earnings run-up" with most of the gains in the options contracts being made before the earnings announcement. That is particularly true with tech companies.
With that in mind, the resistance level is going to come in around 153. That will be the level to watch post-earnings.
SPY Looks to Shrug Off Uncertainty on Several Key IssuesAMEX:SPY
Sorry for the delayed update.
SPY has been extremely bullish since my last post where we were bought up at a critical technical level of confluence. With the amount of strength that came in at that zone, it signals to me that it's not the broader market controlling these moves. As long as the the technicals are in tact, that's what matters. For now the technicals are showing a megaphone pattern which typically breaks bearish, however, the pattern is not the easiest to predict.
Market Alpha - QQQ Searching for RealityEven with everyone following tik tok and social influencer trade ideas, there are still market technicals that will prove superior.
Make sure you guys have this chart in mind when taking longs at all time highs.
Profit taking can quickly turn into a more dramatic drop as demonstrated by this chart. NASDAQ:QQQ
Energy Sector Showing Inverted Head and ShouldersAMEX:XLE
Scanning through the sectors I noticed something quite clear, an inverted head and shoulders with a possible retest playing out. This is supported by the laguerre rsi below. I'm expecting prices for XLE to go higher and potentially confirm a megaphone pattern.
SPY Gapping Back to Bullish... AgainAMEX:SPY
The top Indicator is showing bulls taking control and that matches up nicely with out trendlines. We completely avoided a heavy resistance area by gapping clean above it. The lower indicator is not yet as strong as I'd like it to be but the move is supported by other features displayed on the chart.
SPY Breaking Critical Technical LevelAMEX:SPY
An update on the SPY Chart shows continuing bearishness. We are not getting back to the 0 line on our upper indicator and falling further below our current level on that indicator would be a very bad sign for the market.
Inflation doesn't seem like it's going away and crypto may be showing itself as an inflation hedge.
MARKET ALPHA - SPY UPDATEAMEX:SPY
For those that are following this chart... You would have been well aware of the weakness the market was showing overall. After a bounce higher, we were never recovering on our Laguerre RSI. The explosive move to the downside today was flagged by the weakness in that indicator.
I would totally have posted yesterday but It was my girlfriends birthday so I was getting everything ready for that. Stay safe out there in there in this market. It could be the beginning of the market finally rolling over.
Analyzing My Part Time Employer - UBERNYSE:UBER
Is a great way to make money part time, especially if you can do it to invest that money in to the market.
Why do I do Uber?
That's simple... I do not trade with money I cannot afford to lose. I love investing but I also love paying my debts. Unlike China... ok that was pretty weak.
Anyway... This demonstrates buying the wrong break out and what can happen if you are caught in that zone. The strength looks good with a massive upside especially in an economy where work culture is beginning to shift dramatically and the gig economy is becoming more of a household choice rather than a regular side job.
I am long on $UBER as long as regulations stay in favor of the gig economy, but is imperative that we break above our upper wedge resistance for a more sustained breakout move.
SPY Not Showing StrengthAMEX:SPY
Yesterday I posted some trendlines for SPY that ended getting bought up in the morning. Today we are checking in with reality to see if the overall outlook is as bad as it seems. I'll be following these lines closely as well as our Lag RSi since we are showing overall weakness and further downside is very possible.
SPY Searching for SupportAMEX:SPY
After several days of a massive sell off, the pain looks like it could continue further. The Laguerre RSI shows favor of the bears and we are currently pinched between two of my favorite moving averages to watch. We have a larger trading range opening up and could see price retest higher before continue it's downward momentum.
Be careful in this market!
MARKET ALPHA WATCHLIST - INTCHey Everyone!
I hope everyone is having a blessed day. Today I'm posting a symbol from our watchlist. Spotted in the options market. We are watching INTC to see more strength and break above this trendline and possible downward trend. These are the levels to watch over the next few weeks whether long or or short.
NASDAQ:INTC
MARKET ALPHA - HOW TO FIND TRENDLINESIt's extremely important to look at price action where you are looking to place your trendline.
What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious. This one was one of the easier ones to spot.
I would recommend going over this chart and looking to see what it was buyers AND sellers were thinking at that moment. Would a skeptic seller have to become a buyer? Could buyers be running out of cash or is there enough liquidity to keep the stock down? This is where technical analysis comes in. It helps you understand the more important levels easier and faster.
I hope this helps.
Enjoy!
NYSE:AMC