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Dow Jones.Alright for all these people who have no idea what actually happens right now. We are at the beginning of the biggest recession we've ever seen. We have roughly lost 55% on the DJ after the housing bubble popped. So my estimation with about a 50% decline in DJ doesn't seem far stretched off right?! We even have a big support line there?! Coincidence? I don't think so. So my target for a healthy correction would be about 15k DJ If you draw a fiblevel from 2009 low to 2020 high. You can even see 0.618 around that target. Then again we have many factors to take in. Will covid-19 magical disappear or will it mutate and get even more dangerous. I'm no doctor, but if we need at least a year to finde a vaccine I could see us drop even more crazier. Perhaps to 2nd support level. Until then with best regards Health is more important than wealth (I prefer to make videos so I don't forget everything I have in my mind. I edited this text like 5 times after release. Gonna stick to videos for the future)
TVC:DJIShort
by Juba1337
GOLD (XAUUSD) Great Opportunity To Short! hey guys, I keep holding my short trade on gold but I know that many of you have missed the opportunity or were hesitant to enter. here goes a very nice breakout based setup: the market has broken below 1712 structure support and has surely traded below that for two days. now the market is retesting a broken level forming a tiny h&s formation. 1703 is a neckline. wait for 1H candle to close below that and short on pullback aiming at 1692 (recent low) and 1680. good luck!
FX:XAUUSDShort
by VasilyTrader
12
Weekly Preview: Good News Keep Coming!The market is coming back to its previous bullish trend, two proves of that: - Nasdaq is already in neutral territory YTD - Volatility is around 48%, well below its peaks - Some companies, specially American technology are regaining ground effectively sooner than expected which is also good news. The two pillars within this environment that are working are two: 1./ Central bank aid (this was expected to work immediately) Stimulus from central banks and governments has brought confidence to the market 2./ Covid-19 numbers Trend of better daily numbers of new cases are consolidating and some businesses are starting to reopen - Bearing in mind this, the market doesn’t react to an economy, it foresees what the economy will do and act base on that. Current Context: March was harmful, April is better with consolidation taking place. Even times are going better than expected with numbers improving faster than expected. Again, Nasdaq has already recovered those YTD loses and this is important because normally it brings the rest of indexes with it. First the DOJ, which represents more classic companies with high dividends, and after Europe. Then, short term facts are being positive too. 1. Gilead Sciences has reported successful treatment of Covid patients and can be a ray of hope. 2. American attitude, they are focused in reopening the economy and that creates big expectations. To finish, we´ll have some economic indicators with more government meetings that will still bring more confident to the market and strengthen this faster than expected recovery.
FX:NAS100Long
by PepeMafia
FXCM's EMBASKET Showing Signs of Weakness on H1The left chart show's FXCM's emerging markets currency index, EMBASKET is black below its 50-day SMA. Moreover the SMA is pointing down with the RSI on the bearish side of 50 (blue rectangle). The right chart shows the hourly time frame. Here the green 5-hour EMA has crossed below the orange 10-hour EMA (green ellipse) and the RSI has moved below 50 (bright green rectangle). These are bearish developments and if the EMAs develop further angle and separation, the index will be showing further weak
FX:EMBASKETShort
by FXCM
bitcoin future losing steamBTC will probably fall and reach the 2k goal I have been talking about for a while now. depending on the situation we might even go sub 2k like really sub 2k but that will be the last great buying opportunity for BTC for the foreseeable future. we should not go above 7k and stay there, same for the market as everyone with stocks are scrambling for cash and then scrambling to buy gold and silver, btc should catch the second wave and skyrocket along with many other commodities. cash is king at the moment and looks like it will gain in strength.
BITSTAMP:BTCUSD
by infusion
10
Bitcoin Is Hanging Around There, This Is The Proper Scenario!Hello Traders Investors And Community, welcome to this update analysis about bitcoins recent price-movement, as I already mentioned in past analysis BITCOIN confirmed bullish on the locally time-frame, in my charts about this movement you can watch these confirmations documented, this is why technical analysis is a working science which can be applied successfully on the markets when done right. What do we have now? We have an overall bullish shape on the short-term perspective although BITCOIN is consolidating, we can expect a breakout in the next time, now that does not mean we are completely bullish on the long-term as I already said but there are some good signs that we will have a bullish continuation as bitcoin had some good confirmations. If you didn't see these ideas of mine I highly recommend to you that you go to my account and check these ideas out, then you have a full perspective on the current situation. It is always wise to look at the short as well as the middle and long-term-perspective to have a good encounter on where the markets are heading, the big importance in this structure is the overall resistance above us, that I why we see BITCOIN continually consolidating although we have a bullish shape. This is a simple logic because sellers selling on recent buy-prices to get out of the market with no loss, therefore we have a consolidation phase before moving in the next direction. In my chart you can see that bitcoin has confirmed bearish as the EMA-signal provided it, when you look at this signal it can be applied on paster trend reversals also, working pretty well, now we are still hanging in this EMA structure but we confirmed the 20 and 25 EMA which is a good sign at all, after this current consolidation we can expect bitcoin to confirm more than only the 20 and 25 EMA, but what will happen when we break down in the structure? When we break down in the structure we can expect that bitcoin is finding support in the support zone which you see in my chart marked with the orange box, this support zone is between 5550 and 5940, also it matches with the 50 % and 61.8 % retracement of the Fibonacci-retracement of the current wave-structure. When bitcoin enters this important structure we can expect that it will firstly confirm it as support after that we have to watch out for more signs which can be applied to the chart and if bitcoins cultivates to reverse in this position. So now here we go with the current bitcoin situation, I see many people calling that we are in a bull-market or bear-market, that is not a technical analysis at all, stocks and indices are in a confirmed bull-market yes but that does not mean the cryptocurrency-market is in a confirmed bear-market as well, we need to elevate our selves above the mere speculative aspect and watch the markets with the best determination to get the best results. Therefore as I already mentioned we are still in the consolidation, we cant define the current price movement as 100% bearish or bullish and that we will see bitcoin taking another leg of 90 % to the downside the next week, both scenarios are unimaginable therefore we need to cultivate ourself above the talking of so many people spreading unbelievable rumors and take opportunities when they arise with the proper smart management that is necessary for the markets. Thanks for watching my analysis, feel free to support my friends and don't forget as I always say: The ambition to transform opportunities into gold remains the most significant tool for a trader. In this manner FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
15
Bitcoin is enticing bearsI am not impressed with the pennant breakout confirmed on the daily chart on Thursday. While it is a bullish continuation setup, the shape of the Thursday's candle, which confirmed the breakout, is indicative of buyer fatigue. Its the long upper shadow that takes the shine off the breakout. Also, rallies into or above $7,000 continue to be sold into. The cryptocurrency has failed at least 4-5 times to penetrate or keep gains above $7,000. All in all, its no longer a constructive chart and suggests scope for a fresh drop. Prices may drop to $6,138, under which a major support is seen near $5,850. I would consider buying once I see a convincing candle – one with small or no upper shadow – on the hourly chart or a green marubozu candle on the 15-min chart, marking a breakout above $7,000.
BITSTAMP:BTCUSDShort
by OmiFX8
1
SPY - Daily Chart UpdateThe markets saw an automatic rally bounce off the lows from all the panic selling caused by the COVID-19 issues impacting the world & shutting down the economy. I was targeting a bullish bounce of around 50% which would have taken price to the $265 range. The highs hit $262.80 before Friday's inside day candle. Japanese candlestick analysis would label Friday's candle as a high-wave candle which is a sign of indecision in the market, the price can go either way from here. If you take Friday's candle within the context of Thursday's price action then it would be considered a harami which is a reversal signal. The blue line denotes the 20-EMA line which may be providing resistance as well. At this point, I am looking to see where the price moves from here. I am expecting a further breakdown in price as the market re-tests its recent lows. My initial price target is the previous gap price of the $229.60 level. After that, I am targeting the prior low of $218.26. This expectation gets negated if we can see the price continue rising above the 50% Fibonacci level & the 20-EMA line.
AMEX:SPYShort
by Chartimistic
4
BTCUSD - Uncertain situationWell, I am really not sure what is going to happen the next days. The BTC indicators I am currently seeing are: - Fear and Greed Indicator is very low and 5-10 levels normally is a good buying opportunity - Bitcoin on Google Trends is rising very fast, which could potentially mean a rising interest - If we keep that level, this could be the biggest triangle and continuation I have ever seen. For that reason, I will keep my leveraged long open, just in case we skyrocket in seconds. - Having lost important EMAs, we could as well be in a bigger bearish channel or something similar, that's why I'm saying that I really don't know which side to take position on. - The 1h chart is contracting, which let's me believe, that there is going to be some action very very soon. Overall market signals that I see: - Not just stock markets have lost value, so did Gold. Which leads me to think that an economic crisis is on it's way. These would not end well for Bitcoin either. - The inverted yield curve (cross from 2 year and 10 year treasury bonds) triggered already, which historically has always been the start of a recession. - I expect certain markets such as DJI to recover a bit (maybe to 23500) and this could push us back up for a while. On the other hand, I don't believe in it too much, because COVID-19 is not yet over and this negates the pull-back IMO. - The altcoin market has the potential to drop to 14B, which would be another 65% drop or around 40B of lost money. If COVID-19 is not rapidly gone from mother earth or at least made treatable, markets are going to bleed more and more till the day we manage it. It is probably better to stay on the sideline with bigger positions.
BITMEX:BTCUSD.P
by Thierry88
DOWJONES LONGThe Three Pronged Approach to Kick-Start The Ecomomy Welp... I called the dump.... which isnt hard when everyone else was saying it... and now I wanna call the DOWS Legendary pump I expect to happen tomorrow. This may be a V recovery... of course we have the check market structure for weakening at key resistance levels.. and to be honest the monthly chart looks terrifying but the talking heads on TV are doing a good job of blowing hot air into the asshole of this market. The crazy part is that I have my reservations about this Coronavirus scare, but we have to only think of the possible outcomes that come from it instead of its cause or legitimacy. Firstly... What can we expect moving forward... Printing... LOTS of it. Im not going to go into that and beat that dead horse but I have to say. The last time we had a bail out this big it took 26 months to print the amount we just did OVER THE WEEKEND... Can anyone else hear a MASSIVE sucking sound coming out of the financial markets? Second.. we need to look at what else they intend to do financially.. They are not only considering bailing out Wall Street again. They are also going to be bailing out the people which is going to be an insane amount of money if they wish to do so with almost every adult in the USA for the next 6-8 months. Its almost as though they are trying to get everyone whipped up into a frenzy to justify universal basic income... I believe this is going to also create consumption right as companies were supposed to seize up. I also expect there to be some pretty draconian laws that will be reminiscent of the "Patriot Act" after 911. As the old saying goes; problem, reaction, solution.. What did this virus cause? just a jump start the economy with windfall profits from panic buying at stores right when they need it most... The Markets were and still are already over extended. This is going to create a large number of people to eye ball the situation right when the Fed is preparing to bail out mission critical companies... Remember... Right now it is IMPORTANT for them to show cash flow on their balance sheets and look strong when others are weak. Amazon and Kroger have gone on a hiring spree in order to create the illusion of healthy growth when its only induced by the stimulus as well as the Corona shopping spree... victory short lived in my opinion but they NEED to regain the markets confidence. After this weekend the Fed is out of bullets and I dont think they are pulling any stops on this one. Finally lets talk what is likely to happen from here.. For starters there is going to be a MASSIVE jump in price action across the board. Its going to cause the Mainstream media to chew it up and mouth feed it to the 2 boomer viewers they have left and not to mention those damn hospitals, airports and Government Institutions that give them their false legitimacy. This is going to create a sense of normalcy in comparison to what we have been experiencing since the start of it all. When stocks pump HARD tomorrow people arent going to believe it.. Expect a 15-20% pop tomorrow in price action across the board... Im also talking about crypo of course... So I bet this is the part where everyone lives happily ever after right? Wrong! For starters this isnt going to be a recovery like last time... This is going to be either a dead cat bounce or they plan on completely trashing the dollar all together which makes companies and by extension, their stocks skyrocket in value. Everything will skyrocket. Stocks, crypto, gold and silver... even food, fuel and water. No will will see this coming. Next they will ban cash stating that the virus is carried through paper money.. Thus forcing us to use the very banks that took their interest rates down to zero. Expect them to nickle and dime you trying to recover the profits from the negative rates I expect to start soon.. Oh yeah, and I forgot to mention... You know how you cant take out your money out of the banks because muh virus? welp... the banks will start charging you a negative interest rate on your deposits and your money will become worthless faster than you can get rid of it. They are also going to have a monopoly on monetary transactions for the most part. From the ashes I believe that another solution will be offered... The IMFs SDR or SDX in tandem with XRP... yes I said it... XRP is going be the mechanism for global payment remittances between banks across the globe replacing the dollar. Bold claim I know.. But you cant ignore what Brad Garlinghouse has been doing lately. All is not lost though my friends. There will be a two tiered system.. The first will be their solution system.. The other will be crypto which I expect to be massively volatile and mostly a vehicle for speculation in the future and a store of value in BTCs case. Of course there are others that will emerge from the ashes and far too many for me to list here, but there will be good times ahead of those that paid heed to this warning... Its time to buy... its been time to buy crypt for a long time and now its time to BUY STOCKS NOW!!!! God Speed Gents, Mr. Lucifer
TVC:DJILong
by MrLucifer7
1
DOW reaching a technical level for an oversold bounce..I dont know if history will repeat this time around but what i have noticed over the last 6 months is that every-time the DOW US30 has made a move below the 200 day ma (green line), it tends to be followed by a reversal higher above the 200dma in the succeeding days... If this bounce does take place the obvious target would be 28170 to take profit - generally the market has bounced between 1000-1200 points from the lows of the candle under the 200dma.
ULong
by MarcoOlevano