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ES: Recession/Depression 2023ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 THE END IS NEAR.
CME_MINI:ES1!Short
by PivotX
1
Bitcoin holds above $40k after Fed hikeBitcoin (BTC) held above the $40,000 level on Thursday amid a broader uptick in global equities as the U.S. Federal Reserve (Fed) hiked rates by 0.25% as expected. Fed chair Jerome Powell signaled the U.S. economy was “very strong” and could handle monetary tightening, causing a jump in equities. Meanwhile, the Bank of England will also holds its policy meeting on Thursday and is expected to raise interest rates to their pre-Covid levels. U.S. futures shed 0.51% in European hours while brent crude jumped 4% to near $100. Europe’s Stoxx 600 rose 0.22%, while Asian markets added a second day of gains with Hong Kong’s Hang Sang index rising 7% and Japan’s Nikkei 225 increasing 3.46%.
BITSTAMP:BTCUSDLong
by chalgfetelec
NASDAQ - The second wave has begun!As we can see on the chart we have broken through the upward channel and we are ready for a correction. The correction on theory should have the TP1 target, but I think there is something else that could be going on. I have the following fundamental reasons for thinking that we will see much deeper drop: - The elections are comming in America and this creates a lot of uncertainty, because of the different policies that could get implemented if whoever gets elected. This makes investors worried and they could pull their invesments out till all of this has cleared. - The second wave of the virus has officialy started already in some countries like South Korea and also in Europe we see huge increase in new confirmed cases. There are many theories about a second wave in September which would be even stronger and this could scare investors aswell and pontetially close lead to closing down businesses which would triger even lower bottom. - The stimulus packages are not going to last forever! They actually helped people through unemployment and also gave a little economy boost, but once it is over, people won't spend money and the economy will slow down again. - There are many tenants who can't pay their rent and the landlords won't be able to recieve that rent, which they need to most likely pay for their mortgage, so this will lead to a chain reaction which will again slow down the economy and most likely cause housing crash. - There are many people who can't repay their loans, because they don't have a job or stable income, so there would be a higher default rate on loans. - The small businesses were damaged heavily by the virus and many of them won't recover, so this will hurt the economy and the people. - The gains we saw in the market are unrealistic and right now everyone is just buying in without good fundamentals, so this is bound to fall sharp at one point or another, because the banks have to take out their profits. When this happens and it is most likely happening right now, the market will fall and wipe out as aways the retail investor. My advice is don't short the economy just yet, rather be well diversified and reduce the risk! Make sure you have some money on the sidelines and be ready to buy into the market if we fall. Aways invest for the long-term and just be ready to buy more. Leave your comments bellow, if you like the idea give it a like!
TVC:NDQShort
by donaitelo
3
Second Trendline HoldingSilver technically broke down from the initial up trend line but seems to be bouncing up off a less significant trendline the last several days. Breaking the trendline is bearish in the short run. With that being said Silver is a major long term buy for many fundamental reasons qe, negative rates, inflation, gold/silver ratio and silver in the long run will catch up to Gold. Also remember other than the trend-line this is an area of strong support.
TVC:SILVERLong
by rjchilia123
Clever long entry, but no profit? Don't get shaken out!Do you know the feeling when prices come back after a solid entry? You already had a profit and then somehow prices came back to your entry level. You have moved your stop to breakeven already, so the market pushes you out of your position, only to continue strongly in your direction! Traders naturally do not want to end up with a losing trade after the clever entry had worked. So they might move the stop quickly to breakeven. Now you can relax and watch the trend continue in your direction? Nope. Because very often the trend will continue, but without you. This market behavior is normal in efficient markets, because traders get paid for risk and embracing pain. Let's look at some examples in the chart, four longs and one short. The entries are solid price action signals (circles): Mostly second entries after pullbacks to the EMA or trendline. So when can you move your stop to breakeven? I would suggest you wait for prices to hit your entry price again, before you move the stop to breakeven! In the chart I have shown these pullbacks to your entry level with an arrow. The entry prices are shown with dotted horizontal lines. You could even increase your position at this time. Notice how the trend continues each time! Can you avoid this whole issue of vanishing open profits? Yes, it just depends on your trade management. That means you could scalp for a smaller profit. In this case you would get out quickly, preferably at a predefined target. You lock in profits before before the pullback hurts you! With this strategy you would give up some more profit potential if the trend continues without a pullback. You can also try to get the best of both worlds: Take out a part of your position at your target and try to ride the trend to the moon with a runner! Feel free to comment or ask my anything via PM. Or just follow me ;)
BITFINEX:BTCUSD
by FBlocktrader
Difficult market? Two important price action concepts help!BTC has moved sideways now for some time, prices swinging up and down. A lot of choppy behavior with several tricky moves. There are two important "secret" concepts that can help you find entries in nearly every market condition. By having these skills you can often avoid having the market confuse or trap you! Concept A): After the break of a trendline, there will be one or two legs to a new low/high. Why is that working? It just traps people who entered after the break, looking for a reversal. When a new high/low occurs they might get stopped out and think the trend continues, just when the real trend reversal begins! Additionally other traders enter when prices brake out to a new high and low, only to see prices reverse. Now they are trapped to the wrong side. Concept B): Second entries. This is just two pushes (two legs) against the trend direction. When prices pullback in two legs and then make a second attempt to go in trend direction it is a second entry. Why do these work so well? In an uptrend people see a lower high, then a lower low. Now many think bearish and suspect a reversal, the beginning of a new downtrend. New shorts also come in, hoping to catch a new downtrend early. Of course then the uptrend continues, hitting stops of shorts. Also skilled traders go long, driving prices further up. These two vital concepts require some experience, but you can find such entries constantly, because trends also occur inside broader ranges/channels as we can see in the Bitcoin chart. I have numbered 5 entries which can be based on these concepts + other clues: Trade 1: Short -> Concept A + bulltrap Trade 2: Long -> Concept A +B + retest support from breakout Trade 3: Short -> Concept A + pullback to EMA + trend channel test expected Trade 4: Long -> Concept A + B + successful retest of uptrend channel Trade 5: Long -> Concept A + B + pullback to EMA + retest support from breakout What is happening right now? We have seen a strong breakout and two legs up. Prices have also overshot the broader trend channel! Now it looks like a new steeper two tiered channel is in play (with a midline). We are trading at the upper end of this channel, so maybe BTC will retrace to 9500 again, but do not look for short entries in such a strong trend! Feel free to comment or ask questions! Or just follow me ;)
BITFINEX:BTCUSD
by FBlocktrader
4