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TESLA - Dumping with Musk Stepping Down as Chairman?Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission. Credit: money.cnn.com We expect the price to continue falling with the recent news of Elon Musk stepping down as the chairman of Tesla. We are expecting price hit minimally around the 208 - 242 region with a potential to fall lower towards 178 and even 141 levels. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
NASDAQ:TSLAShort
by KarYong
4
Bitcoin Daily Update (day 207)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis /position: “I am going to continue to wait on the sidelines for further development. I will be watching for the price to retest prior resistance for support at $6,560 and see what happens from there.” / Sidelines Patterns: Descending triangle Horizontal support and resistance: S: $6,550 | Will price resist $6,800 and/or create lower high or will it create a higher high? BTCUSDSHORTS: Back down to 27,439 which is not far from support Funding Rates: Longs pay shorts 0.011% 12 & 26 EMA’s (calculate % difference): 12: +0.007% | 26: Being tested for support | Will we get a bullish crossover? 50 & 128 MA’s: Brokethrough 50 MA and is finding support from it | 128: -3.91% | Price is being squeezed in between the two, will it get a golden cross? Volume: Unimpressed by volume behind this recent pump. FIB’s: 0.618: $6,611 | 0.5: $6,763 | 0.382: $6,916 Candlestick analysis: Doji and bearish spinning top have been confirmed Ichimoku Cloud: Daily cloud held as resistance. Price tried to break back into 12h cloud but has since fallen out of it. Top of 4h cloud held as resistance. All clouds are bearish except for 1h which recently had a bearish TK’ cross and has re entered the cloud. It illustrates $6,444 as major level of support. TD’ Sequential: Weekly price flip following G2 > G1| Daily G4 | 12h R3 | 4h R7 (R9 should provide a bounce and it will be very important if it creates a higher high or a lower high) Visible Range: Remains in high liquidity area. Should be significant supply and the demand seems to be waning. BTC’ Price Spreadsheet: 12h: -1.44% | 24h: -1.01% | 1w: +5.89% | 2w: +5.3% | 1m: +1.45% Bollinger Bands: MA at $6,487 should get retested after pulling back from top band. Tightest the daily bands have been since April of 2017. Tightest we have seen the weekly bands since Dec 2016. Trendline: Top of descending triangle = $7,044 Daily Trend: Bearish Fractals: Up: $7,400 | Down: $6,098 On Balance Volume: Bull div’ on weekly. ADX: ADX is nearing all time lows which indicates that the chop should be coming to an end soon. Chaikin Money Flow: Bear div' on daily as CMF’ continues to make lower highs and lower lows. RSI (30 setting): W: 49.13 | D: 48.7 Stoch: Daily sell signal Summary: All signs are pointing to a huge move being on the horizon. The Bollinger Band super squeeze that is occurring is a very strong indicator of upcoming volatility. The ADX’ nearing all time lows provides confirmation. A move is coming, but there is no way to be sure which direction it will go. Therefore it is best to be prepared for both outcomes. If the price breaks out of the triangle (on volume), creates the first higher high of 2018 and breaks through the daily cloud then it will be time to enter a large long position. However, there is one reason why I do not believe that will happen and it is the overall sentiment on Trading View and Twitter. If this was the end of a bear market then the majority would be calling this a dead cat bounce. Instead the majority still seem confident that the bottom is in and that it is time to accumulate. The bottom is found when there is overwhelming fear, doubt and uncertainty. The bottom does not usually come it when the majority of market participants remain bullish. That is why I will be confidently looking for a short position to enter. These next couple days should be very telling. The current pullback should bring us to $6,444 - $6,550 and what happens from there will be extremely important. If the bounce creates a lower high below $6,835 then it will be a tremendous shorting opportunity. If it does create a higher high then it will test the top end of the descending triangle at $7,000. I would view that as another great shorting opportunity due to being able to set a very tight stop loss which would likely provide a > 10:1 risk:reward ratio. ETHUSDLONGS have entered extremely overbought conditions and are over 2X greater than prior all time highs. That could fuel the most epic squeeze crypto has ever seen and could likely be the catalyst for the next drawdown in the markets.
BITMEX:BTCUSD.P
by Sawcruhteez
2
Try the new sentiment indicatorHow to use : - When we are in green, the average sentiment is still bullish . - When we are in red, the average sentiment is still bearish . - Use internal divergence to show where the trend will reverse. (cyan color line and yellow lines) - ******** Use divergence between impulse to forecast the bigger move. (Blue line) ******** THIS IS THE KEY but no one read infos :) This is one of my best indicator released to you for free. A concurrent version is on TV pay-to-use for 30$ a month. So please, click LIKE if you want more free stuff from me in the future, i appreciate it. Have fun!
BITFINEX:EOSUSDLong
by sevensphere
7
US Economic Growth: charting the GDP+GDI averageThe latest GDP number suggests inflation-adjusted annual growth of 4.2%. However, gross domestic income (GDI) (produced by the Bureau of Economic Analysis ) Both the GDP and GDI are estimates of economic growth (with one focused on expenditure and the other on income). The GDP-GDI average suggest economic growth rate to be in the 3% range. This average may prove to be a useful early warning of economic conditions as investor worries grow over "peak growth" and anticipation of the next recession. This average can be charted using data from FRED & Quandl: ('QUANDL:FRED/A261RL1Q225SBEA'+'QUANDL:FRED/A191RL1Q225SBEA')/2 More info: www.bloomberg.com
FRED:FEDFUNDS
by dime
$VIX Spikes Provide Future SupportI've plotted this relationship over the years here and here is the current update. The concept: When $VIX spikes by 5 points or more and then retraces 75% of that spike, buyers have absorbed the selling from the panicky sellers and provided liquidity to an illiquid market. AFTER these episodes, you can use them for reference and support. See how there have been 8 such episodes in the $S&P500 over the past 9 months under current price levels. This is a fascinating 'accumulation' level where significant investors have been absorbing the bearish headline news and fears. Notice how the last two of these levels sit on top of the level from the previous 6, showing a perspective of long term strength. Currently there is no signal, but on the recent spike/retracement in VIX I highlighted how this was support. All of the green horizontal lines are support levels below us. I view short term declines as highly likely to find support at those levels. If you view "VIX" as a measure of "liquidity" instead of "fear" then you will get a much better handle on the logic of how to use VIX. If VIX is LOW it means that LIQUIDITY IS HIGH. See the other linked charts where I explain it in detail. Wishing you all well. Tim West 7/24/2018 4:42PM EST
TVC:VIX
by timwest