LUNA holding the 200 day MA pretty nicely, consolidating on the weekly. Might I say it could see a new ATH this year, unless we have to revisit $22 first. Short to midterm bull, still bearish on the overall market and trend. Looking for that dead cat bounce rally.
Looking at the fear and greed index for BTC, you can see that even though BTC didn't really have a rally yet, just broke a downtrend it has return to almost neutral. That is a MASSIVE increase from yesterday when it was just 26, now is 45 and BTC has only rose 5%. This is a clear indication that market behaves very irrational. People get excited on the small rise...
USDT Dominance measures USDT market cap against all other coins. While not as potent as BTCD or TOTAL2, it can be a helpful indicator to know what traders are doing, as many of them use USDT over fiat. Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did...
This is an update on the indicators and concepts I have been watching for a couple of months now. I was hoping for the signal on the NVT to be apparent on the 1 day chart for an even better entry but so far that signal isn't as clear as the 2 day chart. In short, the NVT went into the green which is a position that for the last couple of years loathes to be in. ...
While we have been getting some recent relief on lower timeframes, bearish ideas still outweigh the bullish, unless BTC manages to break and hold above 40k. The simplest and most significant indicator for further downside is that volume has gone down during this recent recovery. On chain analysis shows that as of a few days ago, long term hodlers have been...
We all saw the market today, possible relief rally tomorrow, we're still on a higher low than our last low.
This area doesn't get reclaimed in the next day, I would say prepare for BTC down into the 30s, I have seen some analysis pointing to a retest of 30K. That would be ugly, but I can't rule it out just because it doesn't feel good. Great time to be advising friends, etc, who haven't bought any would be to start deploying small amounts of cash at these levels, and to...
Here are the levels I'm watching for a relied rally on SPY. For any true reversal we need to close over 385 with volume. #RedDevilCharts
Triangle is breaking out on the upside, waiting on Retest to enter a long position, there are always so many gaps on traditional markets hence I prefer to use Line chart instead of candlesticks for swing trading setups will post a R:r setup in timeline once we CLOSE above the yellow trendline weekly MACD is also printing bullish signal about to cross also...
Short term trade, relief rally from the 0.618 retracing to the 0.5 of the move down. ENTRY: 0.246 STOPS: 0.194 1st TARGET: 0.413 - Take 60% off here, move stops to break even and enjoy the free ride on the house ;) Never Trust. Verify. DYOR. Not Financial Advice Just an Observation. Always remember: technical analysis is not about being right, it's about...
Would all the people waiting for a pullback please stand up! As those who follow my analysis would know, i (and a host of other analysts) have been warning of the inevitable 2nd wave down that EVERY market will face at some point. From the 1929 crash to the 2000 tech wreck to the 2008 GFC and what i believe will be remembered as the 2020 market...
Ticker: SPY Position: ~ May 15th expiry ~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up) ~ Delta = 0.50 ~ Run 1x contract Exit/ Profit targets: ~ Close above the swing high $287.50 = exit the trade ~ Initial target = $261.23 (38.2% fib) ~ Secondary target = $253.04 (50% fib) Rationale: ~ Bearish MACD...
Hi, this is my second chart I've posted on Tradingview. I beeeeelieeeeeevee... Bitcoin could see a relief rally here at the weekly 200MA (5.5k BTCUSD). *Vol relatively average to past dumps volume data even though there's a giant spread. *Sitting at a candle cluster with high volume. *RSI at bounce downtrend range. What would be a safe way to get in on a...
$ES_F has began to bounce from the FIB 50% + an older long term trendline as depicted in the chart.
Hello! There will likely be a relief bounce somewhere around $3050.00 on $ES_F as that is around the level where the 200SMA intersects with a long-ish term trendline.
The SPX has fallen quite substantially, down approximately 8% over the last few trading days, but a relief rally may be just around the corner. I would expect at best, a 50% retracement ($325) of the total fall, but being more conservative never hurt anyone, so a target of around the 38.2% ($322) fib level would be quite a feasible target in my opinion. Whilst...
Price action in the MJ Sector are known for their extremely quick movements and the euphoria is short lived as retail traders take their profits. A quick and massive short squeeze plus hype from overall market sentiment is what it will take for this movement (Since much of the traders of ACB are retail traders). Historically it has done exactly just that. Waiting...
Hello there guys, after few day of inactivity, after the weekly close, yday monthly and quarterly close we have still the bounce up due to oversold reasons going on. We could see the volume was declining, hence a possible rebound due to oversold regions in almost all oscillators. We broke our 1st resistance point at 8290-8300, next possible resistance is 8800,...