How far market will drop? Complete midterm BTC analysis🐻🐂Today many bulls woke up with horror in their eyes, BTC dropped once more and the drop is heavy.
Bears on the other hand, excited since a lot of shorts worked out well, I am one of them.
Let's look at BTC and see what's waiting for us here.
We broke the support at 20k and now heading down. Problem here is that there no strong levels nearby. Closest Levels that can become support are 6% away from here.
For intraday traders and scalpers it's a good idea to short this market. However, I wouldn't advise to do it today since most coins are at full ATR already, pullback should be expected.
To become bullish once again, we have to break the trendline on the chart as until we are trading under it, we are in bear market.
Also for bulls opportunities are not over as they can take bounces or local trendline breakouts when price reaches "Strong support 1" or "Strong support 2"
Always be careful, don't try to subdue the market, just follow it. And have strict risk-management!
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Midterm
Stock Market during Mid-Term Election and Inflation AnalysisThis is a historic timeline showing the following:
Visuals:
1. Mid-term election years (Green Vertical Lines)
2. Peak Inflation (Yellow Vertical Lines)
3. Recession (Grey box)
Charts:
1. Inflation CPI
2. FedFundsRate
3. Unemployment Rate
You can note that there were two similar instances where inflation was getting higher during mid-term elections (1974 and 1980). In an inflationary environment, most likely the S&P bottoms when the inflation (CPI) has peaked. However, in 1980, the S&P went higher after mid-term elections despite inflation rising and having not peaked.
So the S&P can bottom anywhere from June to October ( possibly at $3200- Fib lower level ), then rally after mid-term elections. If post-mid-term election, the unemployment rate starts going up, it can lead to a recession in the upcoming years.
Feedback welcome!
References:
1. List of recessions: en.wikipedia.org
2. Mid-term elections: en.wikipedia.org
3. Stock Market post Mid-Term elections: www.usbank.com
BLZ - Midterm short, updating historical lows!BLZ had been in a game almost a week and a lot of people bought, as you can see from volume at high.
Right now there is beatiful daily trendline and one of my most profitable setups that I usually trade on lower timeframes. Since it's drawn on daily timeframe, potential for a move is huge as everyone sees it.
I expect price to at least touch historical lows since it's a reasonable level for such formation.
I will enter in a couple days, when price squeezes to the trendline and BTC will be bearish.
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BTC - New range is forming!We saw a beautiful bull trap by marketmaker. Today we may see another. As it's been for a couple months already, marketmaker is really savage and squeezes last onze of money from the market.
I expect to see new range for next days, the channel is pretty clear.
Locally we could trade alts in the direction of btc bounces inside this range.
Globally we still look down, as S&P continues to plummet.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Possible outlook BTC this year with Phoenix ascending and BBandsCharts says it all.
This is just a possibility. Changes in lower timeframes (weekly on up etc) may change all this. I just finished this and thought I might share.
Points of support found with 50, 100, 200 MA. Phoenix ascending by Wyckoffmode (David). And badass Bbands (bbands with different SD's). AND supportlines of simples previous supports.
Do your own research. NEVER listen blindly to what others say. If you can't understand the data; you. are. gamboling.
Mana should be wait for long? bit lower and İ think time to 3.35 4$
the MANA is one of the biggest cryptocurrency from the mataverse , we need to think in long term actually all crypto currency is droping , just will grow again, after BTC start a bull markert . my advice buy MANA , SOL , ETH , LUNA ,BTC , are great currencies .
FET/USDT#FET/USDT ANALYSIS
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It is holding above horizontal and trendline support. MACD crossover is loosing bearish momentum. As it is currently creating a higher low, so a good volume will confirm a bullish move from here and a sustain breakdown of the support would confirm bearish move. FET has real great project. you can buy it under 0.35
BUY ORDER < 0.344
SELL ORDER >= 0.37-0.70
Targets:
T1: 0.37
T2: 0.42
T3:0.47
T4: the moon
If u agree & like my trading still give me some like and follow me boss! love all of u !!!
HAPPPY TRADING!!!
Time for WTI for Price CorrectionIt can be concluded from the analysis that I present, that there will be a weekly price correction for WTI Crude Oil. The RSI indicator is showing Overbought, and the price will drop to $72.17 based on the points of the daily Moving Average (WMA) indicator.
Hopefully my analysis can help or complement your analysis. Thank you.
WAVESUSDTit has big potential! when it start nothing will stop it. retest was successfully! now the begin!!!
BUY ORDER < 22.90
SELL ORDER >= 24-55
HAPPY TRADING!
if u agree my idea or enjoy it pls give me some like and follow me boss! love all of u !!!
XRP against SEC(((Since I value your time, I always provide a concise summary - feel free to request more)))
Fundamentally, I believe XRP is going well; the SEC was unable to provide sufficient documentation against Ripple.
Also, as the price is rising, please use a laddering strategy to enter retracements.
AUDUSD Negative Divergence Daily Suggests Sell.AUDUSD negative divergence suggests a sell signal in the daily time frame. This implies that the AUDUSD will move downward for the near term future.
We can not be sure what the long term outlook will be for the AUD or the NZD nor the CAD as they tend to all move in tandem. For now we have evidence
that these three currencies will move downward to sideways. The idea to enter such trades is to enter on a sell signal on the hourly which offers better prices and allows us to manage our stops better. If you look at my other charts you will see how I enter into positions in the hourly timeframe.
BTC Back to the Main TrendAccording to my analytical view, BTC is already in the Demand Zone position, with the Average Price at 38169, and has been rejected on the Daily Moving Average (WMA-1000) line. And also forming the Second Leg of the Wyckoff Pattern (H4 Timeframe). Thus, it’s expected that BTC will return to its main trend, which is going up.