BTC January Selloff Effect - Historic Corrections 2016-2020January has historically been one of the worst months for Bitcoin, thus extreme caution should be taken on the long side as I have mentioned earlier.
Here we can see the early January profit taking and selloffs since 2016.
Since Bitcoin just crashed around -20% in 2 days, this year might not be any different.
The US Dollar has also been gaining upwards momentum recently. As Bitcoin is inversely correlated with the USD, Bitcoin's chances this month will be decreased further if USD continues to go up in value.
I am currently looking at 30k as a support and accumulation area, and I am still very optimistic for Bitcoin this year, but that will be for another post. For now, I would suggest to keep an eye on the DXY (US Dollar Currency Index) and plan ahead for a possible comeback for Bitcoin in late January or later.
What do you think?
Selloff
Knock, Knock, who’s there??? Volatility rise!! 📈 Long on UVXYHi fellows, as many of us expecting stock market correction on main indicies, finally there are some signs of rising volatility in near future. Yesterday strong rebound of TVC:VIX is some fresh air in my face :)
AMEX:UVXY is one of instruments you can participate on rising volatility or hedge your portfolio in risk off days. Today and next few days will be risk off very likely.
So here is my idea.
Yesterday price action on AMEX:UVXY was pretty strong. Its rebounded from strong supply area 10.20-10.60 and bounce back to rising trendline. Now sitting at key support 11.05. You can see rebound is supported by very clear defined divergence on long term CCI indicator.
Here is my trade:
------------------------Trade setup ---------------------------
Entry: 11.05
Stop Loss: 10.77
Profit target: 12.22
Time stop: 5 days
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CEI Penny Stock Sell AlertPENNY STOCK SELL ALERT
$CEI - Camber Energy, Inc. Common Stock
Initial Alert Price: $0.9
Price High: $0.9105
% Gains/Losses: 1.17%
(-20.83% Less Than Expected)
CEI was not able to confirm the EMA Crossover and could not hold support above the $0.8410 Support Levels. We are closing this trade alert for a -11% Loss
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SPCE Virgin Galactic Ready For Selloff? This is when i told you about the Buying opportunity of Virgin Galactic stocks, at 21 usd:
Test flight failed to reach outer space!
The company said that during a test flight launched on Dec. 12, the rocket motor “did not fire due to the ignition sequence not completing,” keeping the flight from reaching space. (marketwatch.com)
The indicators gave a sell signal on Friday.
f you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
The Loonie meanwhile meanders on either side of 1.2800...The Loonie meanwhile meanders on either side of 1.2800 vs. the Buck (1.2791-2829 range) with the currency underpinned by firmer crude prices. At the time of this post it appears we could be breaking out once again to the downside, this time attacking the 1.2600 handle as a landing spot.
Prior analysis:
GOLD Might Face a Major Sell-Off Soon: UpdateA week ago I made the prediction that Gold would be falling soon, and falling quickly. Little did I expect it would happen within a week!
Since gold is close to the $1800 support, we can either see a small bounce or a break through the support. If we get a daily candle which closes below $1800, expect a major sell-off towards Support 2 around $1720.
$UVXY - NR Picks Nov 22Este índice busca ofrecer exposición a la volatilidad del mercado a través de los mercados de futuros que cotizan en bolsa y está diseñado para medir la volatilidad implícita del S&P 500 durante 30 días en el futuro. La tesis se sustenta en que podríamos observar algo de volatilidad para los últimos días de noviembre y consideramos que podría darse un impulso hasta los 15, manteniendo el canal de retroceso observado durante los últimos meses. Recordemos que los índices $SPY, $QQQ, $IWM, $DIA están muy cerca de sus ATH.
Silver. Another decline coming (1hour chart)Hello traders,
I expect another decline for Silver with target between $19 and $20. If my analysis is right i think price won't go down any further because we have a WXY (corrective pattern completed ) where Wave (W) is a ZIG-ZAG Wave (X) is a triangle and Wave Y is a 5 wave Impulse decline
The NASDAQ is hovering tentatively at supportThere is still a lot of buyers to unwind if the NASDAQ takes a turn for the worst. Price is hovering just above support around 10950 so we are watching for a lower high to drag in more selling and pressure price lower which will in turn drag on the SP500 and DOW.
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QIWI short ideaa fall past 1250 RUBs would cause me to short this stock. However, the odds are high of the stock bouncing at the support line. The RSI is in the oversold zone and there is two support lines in the 1250 range. This is a strong sell off and it could be the case that we see the stock fall even further. Volume is contracting and we could see a big price move either way.