BTC fall down, go BOOM!Rising interest rates, war, rising energy costs, etc. I think in the long run BTC is poised for greater heights, however, the short term looks risk off. The dollar, despite, the naysayers is still strong. Almost like they are two sides of the same coin. Long story short, I see BTC struggling in the short term and a 3-9 month market washout. Call me crazy but I'm not buying until near 20K, whenever that occurs. BTC acts more like a highly volatile stock on the NASDAQ than a currency. Compare the two charts side by side. You'll see. BTC to 20K - NASDAQ seeking 10K. Peace. Live long and prosper.
P.S. The most recent interview with Michael Saylor takes a deep dive into the way BTC looks to institutions. Look up 120K BTC and Michael Saylor on YouTube.
Short-long
OIL CoverOil looks to be still in the contracting pennant. And likely this will try to move to the upper range
of the pennant. The green lines I am leaving in which were drawn in the past upon the initial green
line. I leave them so I can see for myself what my "speculative" analysis is. By speculative I mean
there is no technical evidence to support this hypothesis and it is purely speculative. Any projection
in to the future is technically speculative BUT if the hypothesis is supported by strong TA (technical analysis)
I consider this to be a hypothesis supported by evidence as opposed to no evidence hypothesis.
DOLLAR MELT UP? As some will know I've been monitoring the DXY very closely for months.
It's unbelievable where eh Dollar is now, compared to mid 2021. After all, many a guru out there predicted the dollar would crash. Markets don't obey gurus!
In this video I explore the Dollar on different time frames, to get a perspective on key levels and where the Dollar could go next.
Nothing here is a prediction. The point is, if in your mind you think 'It can't go higher', well the markets may think differently.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
1 trade, 2 probabilities !Hello all, I was expecting the sell off to continue - It did - but very briefly.
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BTC - S&P 500 correlation :
Btc was more bullish than SPX on the openning, the index have achieved Lower lows and BTC is on a bullish trend. Finally when the buying kicked off the index spiked and guess what ? BTC too !
Current situation :
Currently we can see that BTC has been pumping all day since the european sesion till the end of the American session. It has continued with Asians too, well at least at the moment I'm writing these words.
Speculation :
I think that we might see a slightly bearish movement in a form of correction since we have broken a significant resistance/support line before continuing up (this direction is represented by the blue line). Despite this bullish movement. I strongly think that the macro-economic factor is going to heavily impact the markets when the federal reserve starts hiking those rates again !
The first hiking might occur on the debut of May so the rally might continue untill then !
Before that, and after reaching the yellow cercle we can see the first important correction where we will be retesting the bottom grey line (the movement represented by the red arrow) or just continuing up. The green arrow to me is very less probable but not impossible !
Decision making architecture :
The thing that made me reverse today before taking my trading is the volume ! Not only BTC is pumping, but it is pumping with enough volume to give the trend credebility ! the S&P divergence and the volume made me go long.
Oh yeah I forget and one more thing ! I don't short the bottoms !
If you appreciate the efforts, hit that agree button, thank you.
Netflix, What happened?Overview
After poor revenue release and news of losing subscribers in large quantities, Netflix has posted two major losses in recent times. This brings the valuation of Netflix shares down a total of nearly 70% from November highs.
The future
At this rate, the stock has been poorly rated by many analysts and has strongly bearish momentum. The question now is whether or not Netflix will try to implement a new way of doing business or alter current operating methods to try and bring its value back. In the event that Netflix is able to find a viable solution to return to successful business, we may see golden opportunities to buy back into such a large company with huge potential. However, given the rise in popularity in other video streaming services, it's unlikely that Netflix will be able to continue on its success by solely providing video streaming services without a major change in operation.
USDCAD UPTRENDHere you can see a uptrend prediction of USDCAD.
i think market touch the demand zone but due to strong demand on that area smart money didn't break the demand zone so we can see a short term trade for buy side.
if the trend go against the prediction then we just need to wait for the retracement then we enter in a trade.
but my i thought and i'm confident of my prediction that marke hit my all of 3 targets.
GMT GOING DOWN???Gmt had very big pump and honestly it was overbought.
Now it had bos to downside and I think it will reach upper zone (supply zone and then continue to go down)
I expect scenario like drawn on chart.
This is my plan:
I will short when supply zone get reached(if it gets reached soon) and my last tp will be at 2.45 ( I will take profit manually as trade goes)
and then when it reaches demand zone I will long with sl below that zone and tp at 3.6 which should bring over 50% without any leverage and very big rr ratio!
THIS IS NOT FINANCIAL ADVICE,JUST MY OPINION!!!
BULLRUN CONFIRMED !!!!USDT.D reached supply zone as I posted few days ago. It reacted so good from it and broke low from before and made break of structure.
When this happen demand zone gets retested again and coin ( in this case usdt dominance) will drop so much and make lower lows.
For those of you who dont know usdt dominance is precent of mcap in usdt. When it grows whole market is going down and also when it goes down market pumps.
WHAT SHOULD YOU DO NOW?
1. Most of coins had broken highs from past and reacted from their demand zone, now its time to retest those zones and you want to buy in that time because some coins will even reach ath.
2. You can also short market till that area but I dont recommend it because its going against trend
3. I will go all in different coins or long swing positions from which i expect over 300% with 5x levarage.( i recommend using lev 3 max)
Check links below this post that i posted and ou may be intested in!
NOT FINANCIAL ADVICE,JUST MY OPINION!!!!
Long Term Bearish Risk Assets Like Bitcoin and ETH$BTC & $ETH : what “if” scenario.
Inv. Yield Curve potentially spoiling the risk-on environment but not without putting on a deceptive bull market first 🙃
More than average, a few months to a year of a growing equity market occurs from when a 2Y and 10Y yield curve inverts. The downturn is a surprise but has more likely occurred a year - to 2 years after the Yield Curve inverts. As Crypto has worn the pants of a "risk-on" asset, it is likely to take on the characteristics of equities and some commodities (especially with a rising strong dollar).
Short Term - long
Long Term - short
CADJPY - Chart Analysis - StrategyAccording to chart analysis, it is possible that it will be a good bullish ride but a better strategy is to wait for trend continuation, so for that, we have possible two plans
Plan A: Short
we have a Rising Wedge which indicates a Reversal Pattern so the strategy is to enter 97.045 and TP at 95.672, SL is 98.239
Plan B: Long
we have a Bullish Pennant which indicates a Contuition Pattern so the strategy is to enter 100.197 and TP at 102.797, SL is 98.913
GBPJPY markup SMCGBPJPY is bullish and has weak highs so we look for longs but first we need to mitigate our previous ranges so short is an option but we have to wait for the weak highs to be taken
this is no financial advice I'm doing this for myself
feel free the message me I'm always open for an chat
Bitcoin's relation to the DXYHey everyone,
Hope you all are keeping well. It has been a good while since I shared anything, but this actually is something I want to share.
Many people are bullish again, but I'd like to weigh in here a little. Just so that both sides of the coin get some attention.
I was looking into Bitcoin's relation with the US Dollar Currency Index (DXY). Historically, big bull-runs occurred when the DXY is in a downtrend.
Now looking at this chart on a monthly timeframe is can be stated that the DXY broke out of a 30yr downtrend from 2015 onwards. Quite a significant event one could argue.
We all know, Bitcoin came into existence, somewhere in January of 2009. Ever since, on a macro level, the DXY has been in uptrend. This can be supported by the fact the IMF and FED have been vigorously printing money in avoidance of a macro economic recession. Purchasing power has been in steep decline, because these inflative events tend to end up in the pockets of those who already have a considerable amount in them.
Apart for any further socio-economical opinion, in the chart are a few findings I wish to share.
(Green areas are the approximate historical bull-runs and the current one (thus far). Generally within these areas the DXY was trending down. More than not with some volatility, which can be found in most mid-cycle retracements.)
In the periods where the DXY makes a move up, you can see Bitcoin (like all other crypto/digital assets and stocks too) trend down. In most higher timeframe events, anywhere between -75% and -85%. Currently, we are around -35%. With what might potentially come the end number would be around the 20K level.
Also historically, whenever Bitcoin lost support of the 50W Moving Average, it came down to test the 200W MA for support (around $20K too), where it also always bottomed out. This could be the accumulation event that would make the difference on the next leg up.
On this rally of the past two week, all we did was test the 200D MA, which we lost support of end of December of 2021. We got rejected, couldn't hold the $44K -$44.5K as support (also here was the bull market support band we shot above briefly around the 27th of March). Currently we are experiencing a possible bounce off of the uptrend line (low to mid $39K).
Big question now is. What will happend next?
Will we recapture some support levels or will we get another rejection before we can find some consolidation around the $44K-$45K price levels?
Watch your step out there. Anything can happend and anything will happen. As always.
Thanks for time and wish you a very pleasant day.
Beware Bearish QQQ Setup.I don't like the QQQ set up here at all. There's a potential double top. I say potential because a double top is not confirmed until support is broken. There's minor support at the Fibonacci levels, hard support at the bottom of the range. Why I am so bearish on this set up is the diminishing volume between the two peaks. That diminishing volume is a precursor to many toping reversal patterns, including the double top. RSI has also turned negative indicating additional weakness. If hard support is broken at the 78% Fib level then the minimum downside target would be the distance from the peak at the top to the support level projected down after support is broken. That would be one hell of a decline. Probable? Maybe not. Possible? Definitely. Lets see if the Bulls can pull this index back up above the double top resistance line.
Good Luck To All!
Indian Market: Killzone for a beautiful controlled loss.I explain what I mean by a beautiful controlled loss.
Some traders don't want to hear about losses, though it's about the most important thing in trading.
The position shown is a paper-trade.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.