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BTC/USDRetest and dump or wyckoff accumulation and slowly recovery (bear market rally)? We have some clues about the capitulation and the bottom. Everyone is expecting major crash and this can be bullish. Usually the markets are doing the opposites of what herd is thinking. Powerfull charts showing miner capitulations and moving averages can indicate the bottom is in. If not, we are in the middle of bear market which is also a good sign. From my perspective, a strong base and moving sideways will be healthier for the next bullrun. If this winter, macro-economy will go terrible wrong is best to be prepared to DCA lower. From risk perspective, BTC and ETH. Depending on BTC dominance and risk management, maybe top 10-20 altcoins. Pump, sideways or dump? What do you think?
INDEX:BTCUSD
by cryptoforevery1
1
RSI ANALYSIS OF INDIAMART INTERMESH!!!i have drawn some lines on rsi panel, which says- RSI's support and resistance. it does not mean that only price can have support and resistance. RSI is also a relative nature with price, so it can also have such trend line parts. there is a less probabilty of falling more down. my analysis- rsi could take a rest on '45-47', then move upwards, price will take rest 'on the blue support line', if the price falls down, or say it does not gives a breakout in rsi resistance line, then the price could reach its lowest support line(i.e, @3900), and rsi will go below 30, which will then show a rsi divergence from 7th march till the date when rsi went below 30. and this divergence cannot make the price more to fall(since the price would have reached its minimum support line). so the rules are not getting met. therefore, the stock will rest at 4277, and then continue to move up, rsi will give a breakout. one more point to add on, red trend line, shows that from he lowest point, the stock has given its breakout, so as the markets move upwards, stock will continue to go higher.
NSE:INDIAMARTLong
by raghavchoudhary2016
SBUX: Have Bears Been Needing More Espressos?Primary Chart: Two Anchored VWAPS from Important Highs and Lows and Fibonacci Levels Have bears been needing more espressos? Looking solely at SBUX's chart and ignoring most other equities and equity indices, one might suspect the indices had been doing well since May 12, 2022. SBUX put in a trading low on that date and has made higher lows ever since then. Equity indices tell a much different story, however, with significant declines in mid-June 2022 that made lower lows in this bear market. Equity indices also experienced a significant decline in August and early September 2022. Supplementary Chart A: Upper Bollinger Band Snap on SBUX's Daily Chart and SBUX's Relative Performance Compared to the S&P 500 AMEX:SPY On Supplementary Chart A, notice the following technical features: SBUX made a new multi-month high on September 14, 2022, whereas SP:SPX did not. SBUX's low in May 2022 was not undercut by a June 2022 low, whereas SP:SPX 's low in May 2022 was in fact undercut by lower lows in June 2022. SBUX has been making higher highs and higher lows since May 9, 2022, whereas SPX's price action has been more choppy. SPX made a lower low in June 2022 unlike SBUX. SPX made a lower high September 12, 2022, while SBUX did not. SPX did not snap its upper Bollinger Band today, September 14, 2022. SBUX's 8-day EMA has held above its 21-day EMA for much of the time since the May 2022 low. SBUX's decline in late August and early September 2022 occurred without breaking the structure of the intermediate-term uptrend that has been in existence since SBUX's May 2022 low. Overall, SBUX has outperformed SPX substantially since SBUX's May 9, 2022, low. The outperformance of SBUX has been especially notable today, September 14, 2022. Ironically, this outperformance follows weeks of frustrating and choppy price action in the equity indices, as exemplified by the US index OANDA:SPX500USD . SPX rallied powerfully into August 16, 2022, then it fell sharply about -10% into early September 2022. This steep decline was followed by a 4-day rally of about +6%, which was followed by a 2-day decline of about -5%. So one might be forgiven for wondering whether traders and investors have needed more espressos, which of course could in theory cause a boost to demand for SBUX's beverages despite an ever inflating cost. SBUX began struggling before the S&P 500 and the Nasdaq 100. Perhaps traders were enjoying their profits so much that they just started foregoing those pricey espressos more often. SPX made its all-time high on January 4, 2022. NDX made its all time high several weeks earlier. SBUX started struggling in July 2021, much earlier than broader markets did. Supplementary Chart B: SBUX's Weakness Began Earlier than Broader Equity Indices All humor aside, a longer-term view shows just how wide of a moat SBUX had built for itself worldwide regardless of where its beverages are deemed to rank amongst espresso makers. Consider SBUX's long-term logarithmic trendline shown in the chart below. Supplementary Chart C (below) shows how this line has been respected for decades. This longer logarithmic line goes back to 1992. Supplementary Chart C.1: Long-Term Logarithmic Trendlines Two more long-term trendlines are worth considering below. These are also drawn on Supplementary Chart C.2 (also logarithmic), and they are shorter in duration than the 1992-present trendline in Supplementary Chart C.1. Supplementary Chart C.2: Two More Long-Term Logarithmic Trendlines On Supplementary Chart C.2, notice that what appeared to be a decisive break in the longer-term logarithmic trendline in March 2022 was a failed breakdown, also known as a whipsaw. Price recovered back above the trendline as people realized the pandemic would not ultimately win in separating them from their beloved hand-crafted lattes. But the longer logarithmic trendline was broken again this year in the broader bear market. Yet price recovered above this longer-term trendline this week. Was that due to all the market participants deciding it was more fun to have a drink with a friend at SBUX than to trade? Probably not, but it's an interesting coincidence that SBUX's outperformance starts to shine when equity indices have chopped and frustrated bears and bulls alike for the past several weeks and months. The shorter logarithmic line (also a long-term line going back to March 2020) shown on Supplementary Chart C shows price holding above this line since the lows on May 2022. What comes next? Equity indices have been in an ongoing bear market. The macroeconomic environment, hawkish central-bank policies, and tightening financial conditions would seem to suggest price cannot continue an unobstructed rise. But since May 2022, price has managed to carve out an intermediate-term uptrend structure in the midst of an ongoing bear market. A significant anchored VWAP, shown in dark blue on the Primary Chart at the start of this article, lies directly overhead. This must be recovered along with the .50 (green) and .618 (gold) retracement levels at $97.35 and $104.19 before getting excessively optimistic. But as everyone knows, a security's price can do anything it wants. And consumers can increase or decrease SBUX beverage consumption in the midst of a challenging financial environment where everything costs more, and less cash is available to pay for fancy drinks. But one might reasonably conclude that less consumption could be in store unless inflation can be brought down by hawkish central banks without causing a recession. _____________________________________ Please note that this technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:SBUX
by SquishTrade
12
$TSLA strong - Will it clear 305, 309?Look at the daily candle for 13Sep and you would have no idea that U.S. markets tanked on the same day. This is relative strength, and it shows in today's price action as well (see smaller timeframes). There is a recent inverse H&S pattern, shown by the peach zigzag arrow. In order to move higher, buyers must move price over 304-305 (volume shelf) and then clear 309. That leaves a volume gap which should quickly see price reach 320. RSI and stochastic, as shown in yellow circles, indicate strength and room for price to move higher. Note that %K (gray line) may zigzag but %D is still rising and if it crosses over 80 then TSLA should see the late buyers come in. * RSI LESSON (14-day) - On 4 Aug RSI moved over 70, which indicates bullishness. When RSI turned down with price, it stopped just over 40 (green bar) and turned back up. 35-40 is a bull support zone. RSI showed buying strength when it held 40 and moved back over 50 without retesting this level as price kept rising. *** Note: TSLA crossed 304 and drew in sellers at 306 while I was writing this. Watch for a pullback to 302 on smaller timeframe if you want to buy calls and check indicators for a good trade setup. It may drop lower if market retreats in the afternoon. (based on 30m chart)
NASDAQ:TSLA
by OptionsRising
7
$TSLA - What happens in the red circle? Low risk 9/16 putsWhile I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see: * resistance at 50sma ~298.40, price is there * white down trend line is ~308-310 * price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts) Look at the yellow circle on RSI (14 day). It tested 50 and is back up. If RSI closes above 50 today, then a trade above today's high negates RSI support for puts. It could still rise and move down later Monday or Tuesday, but support from RSI will be weak. Stochastic - %K is red in the yellow circle however as seen on the left we cannot expect it will immediately turn down. I like %D, gray line, which has already dipped once and is now up again. This is a good time to buy puts - put options are cheaper when bought as price is rising. You can look left and see that %D will zig zag in the process of %K turning down from over 80 (or turning up from under 20). Remember this is a weekly chart. Choose when you take profits. Today I am keeping the position as long as price stays below 289. My risk thus is very low since I bought when TSLA was ~298.30. Since I carry the risk of a gap or move higher on Monday I have a very small position to hold over the weekend. I have support on the 30m chart - directional buying volume is elevated (buyer exhaustion) and both 5ema and price are above the Keltner channel. On the daily chart today is the 4th green candle while 10ema is still below 20sma. If today the candle closes above 200sma I see a good possibility that price at least pulls back on Monday.
NASDAQ:TSLAShort
by OptionsRising
4
ARRY - Array TechnologiesTop notch stock in the best group in the market right now (solar). Holding up well during the recent pullback in the broad market. It won't be able to buck the trend forever, but if the market as a whole begins to bounce or even just stabilize itself, it could allow this (and the other solar stocks) to really take off. The other two solar stocks on my focus list are SHLS & ENPH which arguably have cleaner setups, but the massive growth numbers draw me back to ARRY.
NASDAQ:ARRYLong
by apaqu
$EURUSD | Reached The Bottom Again?EURUSD has again touched lows in this support zone and anything below this will be price discovery into the abyss. Looking to place a quick 1:1 trade here for 40 Pips based on the lowest low point of the support zone and RSI levels as well as consistent touches from prior movements. My sentiment for the EURO itself, is still uncertain as it is struggling to make it out this channel as you can see but in the mean time, this could be a quick short term BUY.
Long
by CryptoHotep
RAD Swing Trade Setup LongNYSE:RAD RAD is the Rite Aid drug store chain0 being in healthcare and consumer staples it is relatively resilient in a recessionary context. On the Chart, RAD is at swing lows sitting on support with 25% upside potential. The RSI indicator shows an impending K & D line cross under the histogram. A recent triple top helps mark the resistance while an earlier double bottom shows the support. The order block indicator provides confirmation. I see this as nearly ready for a swing-long entry. What is your opinion?
RLong
by AwesomeAvani
Do not listen blindly to the Top Callers on SPX (SPY)Plenty of experts on Twitter were calling for a top in SPX today as it rallied up to the daily 200ma. On SPY there was a market dump that can be seen on the 5-min chart today (after 2pm). However there are two points of caution for immediately jumping into swing puts: 1 - price has yet to touch the light blue downtrend line, which would be around 4335-4340 2 - RSI is still elevated without divergence (green oval), which often occurs at major turning points The yellow zigzag shows a possible pattern that would also create bearish divergence with RSI. Upon hitting the daily 200, first round of sellers come in and market pulls back to 10 or 20ma. Buyers return and move SPX up the blue line, and that's when the downturn really begins. Note that I am sharing the possibilities that I see, and I am not married to any one idea. This rally could even go higher than that blue line. Traders usually lose when they become too insistent and expectant on one idea. We likely are at or near the end of this rally, yet you can see by all the rangebound chunks of days that you may not want to go all in puts/short. While those calling for a serious downturn may be correct, it does not have to happen tomorrow, or this week even, and holding time matters in option trades. Repeat - TIME matters! Have you been correct on a directional trade but lost money or made little gain because your option expiry was not far enough away? Been there done that. Now when I execute a trade I think about how long it may take for the price move to happen and then choose an appropriate expiry. Please please please do not predict or expect price action to follow any pattern because others are showing a historic similarity! There is way too much of this "history repeating" commentary on Twitter.
SP:SPX
by OptionsRising
1
CVNA - up trend underwayCVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume. It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42 Manage positions with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:CVNALong
by Juliac
Leading ratio to spot bull marketsThe eternal battle, growth vs value. This ratio AMEX:SPYG / AMEX:SPYV has helped in the past in spotting peaks and throughs of the SP:SPX . But for the las few years, is better at timing bottoms. It did in the 2018 correction, in the Covid crash of 2019 and is doing it now. The ratio starts to go up just before the market does. Because that's what a bull market is, high risk assets outperfom low risk assets. In healthy markets, Growth outperfomrs Value! As for now, I'll pay close attention to determine the strength of the market. If this ratios does well, the market should do well.
AMEX:SPYGLong
by dpuleo19
Healthcare leader $PRGO making a shark pattern Perrigo is in the Medical-Generic Drugs Group, they develop, manufactures, markets, and distributes private label self-care products, including cough, cold, and allergy products, analgesics, gastrointestinal products, smoking cessation products, infant formula and food products. IBD gives it a #1 rank in its industry. PRGO made its major low in May while XLV made it in late June. That's very good relative strength. Now, after the price broke above its 200-day MA, its been forming a base giving a good opportunity to buy. The price is making shark pattern with a pivot buy at $43.01. I'll leave a STOP BUY at that level.
NYSE:PRGOLong
by dpuleo19
RSI Overbought & Oversold Strategy What Is the Relative Strength Index (RSI)? 1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. 2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. 3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. 4. The RSI line crossing below the overbought line or above the oversold line is often seen by traders as a signal to buy or sell. 5. The RSI works best in trading ranges rather than trending markets.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
BTCUSD/DXY De-trended Analysis/systemThis is just a hypothesis as there were only "2" historical data happened. The weakness of this hypothesis is the number of samples that is "Very few", PLZ aware of this before you read this analysis. I think we have seen lots of analysis mentioned the influence of DXY to BTC lately -Because DXY represents the strength of USD, measuring against other strong currencies, strong USD means BTC has less value in term of price. "This is why I try to figure out how can we test this concept? how can we really create a system to understand them in an easy way but solid (hopeully)? " What are assets in this chart? 1.BTCUSD's price is represented by the Blue line 2.DXY's value is represented by the Orange line Why EMA 90/360 for each of them? 1. 90 is for quarterly cycle that is the harmonic of 1 year cycle, from my previous chart 1 year cycle does shown for BTC Bull/Bear cycle and that is correlated to traditional market cycle, so 360 is decided as longer term trend 2. Each quarter is traditionally decided as a short term cycle for equities market. It is when reports of each sector, company, and economic report are out. Sometimes, policies follow these reports so it makes sense to choose 90 to represent these. Why BTC is compared to DXY? -Undeniable DXY is a much much larger in market values. It is reasonably to think that DXY influences BTC if not at all, but not BTC influencing DXY for sure. What does this chart tell you? 1. 90/360 is a very de-trended result. In theory, it will represent a super clean signal/late confirmation for "an" asset. However, when you have these 2 assets compared, DXY's trend changed is a "leading signal" for BTC trend change as you may see in the chart: -The first cross over to the downside of DXY is an early signal for BTC that was in a sideway market and it followed with Bull cycle a bit later. -The second cross over to the upside of DXY did shown at the ATH of BTC. ****2. Yet the only problem is that 90/360 is a bit long that we only have 2 samples here. Some analysis may ignore this analysis at all***** "For the current market" If this hypothesis holds true, we are not likely to see the BULL run of BTC soon till Q1 of next year at least
by OatSuk