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4 signals shows that BITCOIN is overbought.In this chart we see many signals that indicates that Bitcoin is overbought and that the price will soon be corrected and go back down. - A trendline connected 3 corrections, but then the price rallied, thinking it doesn't has to come back to the trendline, meaning it is too bullish and is overbought. - Candlesticks broke above the Bollinger Bands (BB), meaning there is an upcoming reversal. - RSI is above 70 (=overbought) - Bollinger Bands %B is above 1 (=overbought) Using the TBS Strategy, consider selling when the BB %B crosses down.
BITSTAMP:BTCUSD
by YanakTrading
1
Rally into 2023? Likely rally into 2023, spurred by downward trend in inflation. Likely 25bp hike at next meeting, then full stop to evaluate the damage (and give time for lagging economic data to catch up to policy changes). Unemployment will rise, possibly some deflation, and fed will cut rates towards the end of 2023 in response to negative economic data. This will cause a second drawdown. Well, the rates will be correlated with a second drawdown, but the real correlation will be between the negative data and equities. My initial thoughts as we move into a new year. Should be an interesting one. Love, InTheMoney
NASDAQ:QQQLong
by InTheMoneyAdam
8
ETHUSDT: Support at $1.3k according to the Fibonacci RetracementIn this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move. We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in Ethereum's case, we see that the price dropped all the way from 1.7k to 1.1k in only four days after reversing in the Golden Pocket. The price also received support at 0.5 (price at 1.5k), 0.382 (price at 1.4k), and especially at 0.236 (price at 1.3k). Following these observations, we can expect the current price to use 0.236 again as support before rallying at least to the nearest resistance 0.382. Also, pay attention to the Relative Strength Index (RSI) to see any overbought signals (ETH is overbought if the RSI goes above 70. The market will then correct the price shortly by bringing it down. However, if the RSI oscillates between 50 and 70, it is a sign of a healthy bullish trend). Yanak
by YanakTrading
4
BTC will rally to $56K in the coming 4 monthsI know this is a bold statement to make, but the bottom for BTC is in (beautiful double bottom) and a rally to $56K is imminent, bears are about to get rekt as BTC is going to rally to near its all time high price in the coming months, but it won't make a new all time high just yet, as we are in the four year cycle, this is just a retracement. The bottom for BTC was in Nov 2022, while the bottom of the last cycle was in Dec 2018, thus this time we are one month ahead, the top of the current four month rally will be in May 2023 instead of June like the last cycle (2019). We will break out of the bullish falling wedge to the upside very soon in the next 10 days, and we won't stop going up until the end of May, so if you are a bear and you don't want to FOMO, you will have to have patience for a very long time before the prices come down again to the current levels, in the coming months, every time you think the prices are coming down, it will go up instead and test your patience severely. Buckle up boys and gals, we are going to the moon, soon. Inshallah.
Long
by abrahamadam2017
3
Is the Bottom in Bitcoin In?Interesting chart showing potential new up-trending channel for Bitcoin. To me, it looks and 'feels' like the bottom is in, coupled with an Alt-coin rally, as the AltPerp Index is showing clear signs up trending up. Also ETH.D is holding the line in it's uptrend that started back in Nov of 2019, and USDT.D which is inversely correlated to crypto prices, is breaking down below a key trendline support. At the very least, we have a tradeable bottom forming and looking very good to me here. On the other hand... A Gemini collapse, or sudden dumping of BTC by Greyscale to bail out bankrupt parent company Digital Currency Group and Barry Silbert, could still send us lower like FTX part II. New information = new decision. But as I always say 'Show me the chart, I'll tell you the news" And the charts are telling me that all the contagion has been priced in, and money is starting to flow back in here.
COINBASE:BTCUSDLong
by BrettFogle
Volatility Rally | Major Demand ZoneThe Volatility Index (VIX) has been in a historical downtrend the past weeks / 2 months! VIX has also been moving abnormal in relation to the S&P 500 Index which it tracks Volatility in. The Volatility Index has sunk to a major demand zone, and is now breaking back out of the area. After hitting Lows of around $19 the VIX is breaking out upwards. We are seeing a dump in the markets from major S&P Bear Market Trendline as well. Bears are stepping in at these levels in the markets, and the volatility index is rising, signaling further downward movement coming in the market. Simply put, the Volatility index is breaking out from its Major Demand Zone, and generally if history repeats will rally up to the supply zone up around the $30 level. This has been a typical swing move in the index since the beginning of 2022. Reasons VIX looks bullish : - TTM Squeeze (Daily & Weekly) - Reclaimed Daily EMA Cloud - Market Rejecting Major Trendline (S&P) - Cup & Handle on VIX (1hr / 1D) - Double Bottom - Market Greed - CPI & FOMC coming up How to play : $UVIX commons $VIX option calls etc. There are multiple reasons Volatility is rising currently, and Technicals back this thesis up strongly. I hope you liked the though!
TVC:VIXLong
by ZachSap
TSLASelfdrive PART DEUX - Area of ValueI missed this earlier, thought it important to repost this idea, inverse H&S (HAS NOT FILLED OUT YET) potentially forming... I will watch this chart closely and look for entires above neck line for sure, perhaps get a bit crazy and enter before neckline fills.. Let me know your thoughts in the comments below!! Keep in mind friday Dec 9 PPI news 830am as well as Consumer sentiment. after 4 red days in a row probabilities of a green are high. expecting green Friday but looking to see this H&S fill out after breakout of descending triangle and retest. This is a good area of value Trade safe and have fun!
NASDAQ:TSLALong
by Verum0
1
Advance Micro Devices (AMD) to reach 70 by November 22I'm going out on a limb again, only because it motivates me to stretch the limits of my analytical skills. As I was perusing my watch list last week, I noticed that AMD seems to have reached a support level of 56. I've zoomed out on the daily chart to show you the huge downtrend AMD has been following for the past 12 months. If the price continues to oscillate downwards in this slowly narrowing channel, it stands to reason that the price should rally to 70-73 by the end of November as it tests the previous support level that has now become the new potential resistance level of 73.67. It could even reach 78 if it continues to touch the top trend line. It's not obvious while zoomed out so far on the daily chart, but the intraday price moves taking place with AMD are insane. I bought AMD on October 28 pre-market, with the expectation that the price would rally, but I didn't know it was going to rocket straight up for a 1:6 risk-reward ratio. This is the advantage of pre-market trading. It's easier to board the rocket when it's on the launch pad than it is when it's lifting off. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:AMDLong
by cdnbuzzard
IS THE RALLY FINALLY OVER?SPY We had two scenarios yesterday during our stream 1.) Preferred scenario would be for the spy to pullback down to 400-398 or trendline and hold for the rally to continue to the upside. So a pullback or consolidation around this level is healthy. Just remember its December, I always look forward to the Santa Rally if you've been in the market more than a year or two you know what that means. 2.) If SPY Pulls back and breaks this trendline and strong support, FEAR / FOMO / SQUIZZLE can happen and the bear market continues. We don't know exactly whats gonna happen in the market but we just ride the wave and make mullah along the way 🙂 Have a blessed weekend ahead and trade smarter!
AMEX:SPY
by rjhay22
Bulls Breakout .. BUY DOGEUSDEveryone know this and we are already bottom for Doge. If it decide to go further down then everything will be gone then will take months or years to recover.. don’t end up like Luna. Anyways this is a good news we are still uptrend and breakout bullish confirmation; Elon musk is doing him you know the twitter going on and still will support Shiba and doge. Also this is a 1$ rally but this won’t be easy , cuz will face unexpected resistance but will continue its bullish momentum to keep going upwards. Trade safe y’all and good luck
BINANCE:DOGEUSDLong
by JoyBoyVegae
1
Final bear market rally for 2022, SPX to 4300 by year end?Seeing some matching patterns here to put this together. Up: 1) Going higher than 200 DMA will give bulls hope 2) 50% retrace from bottom lets people think we have finished this bear market 3) Now 80% odds for 50bps 4) Roughly 60 days would be in line + 20% return 5) Favoured seasonality for a Christmas rally Then down: 6) Everyone forgot about the Strategic Petroleum Reserve (now lowest since 1984!), energy issues in Europe (Russia will mess with gas again) 7) 50bps I think is unlikely so we will see 75bps. FOMC is Dec 13-14, so I will target there 8) We're still in a bear market and volume will top out for another downward move 9) Cramer + Tom Lee will call for 5100 at the top --- Related: - Bear market investment strategies book: amzn.to - 20%+ rally would be in line with the past: www.fidelity.com - Bear market rallies: www.forbes.com - Strategic Petroleum reserves: www.eia.gov - Energy in Europe: graphics.reuters.com --- Daily returns Plan for 2020-2030
CME_MINI:ES1!Long
by illyism
WIG20, Daily, 1-Hour H&S and Weekly Bearish CandleThere was a big rally on the WSE recently - 16 green Heikin Ashi candles in a row. Now it's time for a continuation of the downtrend or, less likely, a correction in the new bullish trend. Why? There is: - an important supply-resistance level - a supply zone - 1-hour confirmation - Head and Shoulders formation - weekly confirmation - an ending bearish candle and USDPLN entered the weekly support zone. Rather, the price will fall from these price levels otherwise, there is a chance that the upper zone will be tested. The first target: the lower zone. The second target: 2020 low. See also related ideas.
GPW:WIG20Short
by MichaelFX_ICT