SPX definitive peak! if it is not obvious by now that SPX reached its peak and it is in its right now to go down for some retracement. Taking into account all whats happening at the moment, from covid, stimulus inflation, etc, it's unrealistic whats SPX has reached the last couple of months with its parabolic move. This is unhealthy and not sustainable in the long run. So a proper correction is imminent for SPX to uphold its strength and continuous growth.
SPX has been trading in rising wedges, from top-down timeframes. The first rising wedge on the smaller timeframe has been broken today, however, with SPX strength at the moment, shorting seems to be a nerve-wracking issue.
I have indicated the major zones and levels from SPX lifespan on the weekly. As well, I have done my best to identify the patterns that SPX traded in their support and resistance lines which are helpful when these comes into play later.
whats your experience with shorting SPX?
Peak
BITCOIN Reversal in 3 DAYSThe indicator used in this idea is the Fibonacci trend based time lines. They are vertical lines that can identify pattern reversals. They are very useful and most often work very well.
Applying all the settings correctly, we were able to see the first reversal in the trend once the Fibonacci level was passed. And since the next Fibonacci is on April 02 2021, this means that we will probably encounter bearish reversal beginning April 2 or 3.
This is only for educational purposes.
Thierry
Like for more!
Bitcoin 2021 double peak scenario updatedI am merely updating this scenario for this Bull run in 2021 for Bitcoin. Bitcoin breakt the top of this Beam bands and retraces down about 48% to 50% to get down to a $66k price and hit the bottom of this channel and then we go for the second peak end of year.
Sell in may and go away...Imagine if...
- SP500 peaks right below 4500
- Head And Shoulders price target at 1.0 Fib Extension from march 2020 lows
- New money will be told the old saying "Sell in may and go away", and will not fear that a bearmarket is slowly starting
- New money will buy in all summer, providing liquidity for larger players to exit
- New Lower High will be made Late Summer/Early Fall 2021
- Lower Low will be made, new money still in denial
- Will keep buying stocks after a bounce made after first lower low
- Another Lower high is made
- Multi-year bear market begins
- Stock will become "boring" again
KNC TA - weekly chart Rules:
- Retracement should be about one-third of two-thirds of the previous move
- Same rule is applied to the time 1/3 – 2/3
____________________________________________________________________________________________________________________
1 to 2 – Upward movement taken about 1 week
2 to 3 – Downward movement, approximately 3 weeks, bearish trend, not the previous rising movement last 1/3 of this one.
3 to 4 – Upward movement, approximately 6 weeks, it is a crucial point due to longer period to build up in comparison to previous movement, probable trend reversal. Buying zone with a stop limit positioned at lowest value of point 3.
4 to 5 – Retracement from previous bullish trend, approximately 2 weeks, in accordance to the rule, 2 weeks of 6 weeks = 2/3 of time retraction.
5 to 6 – continuous of bullish trend. About 5 weeks.
6 to 7 – Correction, about 2 weeks. 2/5 = 0.4 = between 1/3 and 2/3, rule is respected.
7 to 8 – short bullish trend of two weeks, at this point trader must start pain attention for a possible reversal.
8 to 9 – 4 weeks bearish trend, period longer than previous one breaking a sequence of short periods of corrections. However trough left still is higher than previous one, zone must be taken into consideration for a possible selling zone.
9 to 10 – 3 weeks of a bullish trend leaving the same peak as previous one, reversal signal, it can be sold here to make profit or wait until the confirmation of reversal trend.
10 – 11 – long bearish trend of 7 weeks, crossing the last through left in point 9, indicating the confirmation of a reversion, selling zone can be previously stablished putting a stop limit on point 9 and profit is masking between 10 and 11.
11 to 12 – Correction of 2 weeks from previous movement.
12 to 13 – 4 weeks of bearish trend continuation leaving an important through at point 13.
13 to 14 – Crucial point: Bearish trend of 4 weeks, longer than previous bullish trend, breaking 1/3 to 2/3 rule of retraction in time. In addition ascending peak compared to the previous one.
14 to 15 – Buying zone: 5 weeks of bearish trend breaking the rule of correction again and leaving a through higher than previous one, possible buying is to be executed in point 15, putting a stop limit in point 13.
Bitcoin is heading towards $50.000Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them
followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar).
After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making new
All Time Highs (as we speak).
There is enough bullish momentum and not enough liquidity to stop anyone from pumping the price further.
The RSI and other common indicators fail to give us a hint about possible overbought territories.
So we have to trade with the trend.
Please use a tight stop loss if you long this. Respectively, we have a bad Risk/Reward (at least in my point of view).
Let me know what you think in the comments and feel free to appreciate this idea with a like!
cheers,
Ares
XRP 2021 Bull Run projectionIt is clear that though we can use fractals to possibly pinpoint price projections that is just all they are price projections. Nobody hadsa crystal ball here In Crypto land so looking for this elusive perfect peak is a downright myth. Can we guestimate? Of course, we can, and this is why I am overlapping price bars from the 2017 XRP bull run on to the possible 2021 Bull Run we will be having. Could XRP hit over $100 by the peak? I don't know but if history proves a similar fate for this upcoming Bull Run then a big Yes is likely. I do not know if the channel that I have represents the second bottom point for xrp currently as we could possibly drop lower and test the 100 day moving average. Not sure on this one but time will have to tell.
BTC NEW GLOBAL PEAK So , since the last final target (17300- 18000) has been reached, the next global target of BTC is 21132 or even 25400 , achieving of which will mean the end of bull market in BTC and end of wave C. In addition, the third wave turned out too long and fast , that I suppose that 25400 is real. it will be funny to watch great number of different bull articles in mass-media after 20000.
Keep an eye on AUDNZDHere we go:
My veiw on AUDNZD
Considering the current situation, and forming a peak a little while ago, I think the price will go a bit down before it goes all the way up.
So my prediction for FX:AUDNZD is a bullish move.
Tell me whatcha think about it :)
Make a huge profit.
Love y'All 💛
British Pound / US Dollar chart GBPUSD The price in British Pound / US Dollar is in range bound now.
I expect it to drop. If it passes 1.2695 then maybe we can open sell trades. :)
I'm still learning, so I am open for your constructive comments.
Please leave a feedback and let me know what you think.
GBP/NZD buy (week)Clues: Trendline breakthrough, 50 ema crosses the 200, tweezer bottoms on weekly TF, W formation.
We are at level 1 expecting level 2 to form this week. Look out the news for GBP this week!
Note: Please do YOUR OWN analysis before you enter any trade!
Good luck fellow traders ...!!
Bitcoin 4th Peak - Will it be any different (Bearish) - Dump?Each time Bitcoin has peaked recently, it dumps. Well, Bitcoin peaked again for the 4th time and each time before, it dumped after it was rejected. Will this peak be any different? If we go based on the past, then we should see another dump soon.
SHORT INDIA VIXI wish I had an international account. Unfortunately I cannot find a U.S. ticker that will be able to take advantage of this high spike in INDIA VIX.
It looks like India was late to the party and its VIX is just spiking now. I foresee INDIA VIX and its futures to behave much like the VSTOXXX and VIX. Should go down to 40-60 range.
PEAK in place for longer term reversalThis is based on my dowsing work and there's some alignment with Martin Armstrong's cycles, though he would wait for the close of February.
Regardless, I'm basing this idea on my dowsing work, which indicates this as a lower high of an important and longer term peak in in GLD, /GC and even miners (see post on GOLD).
Where it stops, I don't know, but give yourself plenty of time. If it takes out the prior peak, I'd say I'm wrong.
Elevator action to come?Based on my dowsing method, the guidance is that TLT has made a peak for a bigger reversal. 2 symmetry resistances have held today and the idea is wrong with a close above those levels.
I'll update this idea with a target after the move down.
It's interesting that this idea is in alignment with the GLD idea, which makes me wonder if indexes are going to finally get it together. I think TLT and GLD are easier trades than indexes, however.