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Shortterm

BTC swing short trade on crab to 34k-44kAfter a rejection near the key level of 47k and a daily close under the 50% fib retrace of the 36k low to 46k high, I suspect we may face another correction. This is all under the guise that the recent uptrend was a 3-wave move, with a wick under 39.4k confirming the corrective move. So far it hasn't done so, but with a daily close under the 50%fib retracement, it is leaning more bearish. Good entries for a short would be along the white solid trendline hovering ~41.5k. Since we haven't wicked under the 39k high on feb 1st, the stop loss should be near 47k. But with take profit nearing 34k to 37k, its set at 44k to maintain a 2 r/r ratio. tp is derived from possible retests around the -1stdev of the yearly vwap at 37k, and the two orange PoC lines noted on the chart. The BBWP indicator below has inputs set to a Daily chart relative to the current 4hr chart. Bouncing off of the 20 reading could bring more volatility, but it is not yet confirmed. Btc could consolidate a bit until a move to the white trendline ~41k. MA of the RSI on the weekly has yet to crossover from being under 50 for a while. It's very close to doing so, but at the same time given the outlook on lower time frames, there's room for the signal to head down to the green BB. Given the weekly bull divergence signal and the gravestone doji candle from the prev. week, I'm learning overall crabbish for now with a lean toward the bears. Trade: entry @ 41k sl @ 45k tp1 @ 37k tp2 @ 34k SUPPORT -1 stdev of yearly vwap @ 37.2k Cycle wave PoC's @36k & 33.7k Yellow dashed trendline -2 stdev of yearly vwap @ 28.5k RESISTANCE negative slope White trendline ~41.5k yearly vwap & PoC of the downtrend from 69k to 33k low @ 47k +1,+2 stdev of yr vwap noted on chart INVALIDATIONS closing over 42k before breaching 44.7k high 29k low of 2021
BITFINEX:BTCUSDShort
by linebands
SPX 500 - BOTTOM REACHED (Short Term Move)OANDA:SPX500USD Considering we are reacting from a MONTHLY AREA OF DEMAND **See my profile for more information** We are seeing a reaction to a 2 HOUR DEMAND LEVEL, with targets to the SUPPLY LEVEL higher up. This trade is to take advantage of the shorter-term move. This trade hitting targets, our longer-term trade, with targets higher up become risk-free. If this level is respected and the cause of the break of the opposing supply level, evidence will build that this is the bottom of the market and demand will start to build for the S&P 500 including all other US indices and most US Stocks that are ALSO currently reacting to monthly demand levels **See my profile for info on those stock palys** This level could be responsible for a push higher if supply and demand levels are respected.
OANDA:SPX500USDLong
by ringingbells
BTC/USDT Bullish Divergence above key support !BTC/USDT Bullish Divergence above key support @35800/37800 Context : The recent setback reache the 61,8% Fibo retracement at 37800 corresponding also to a classic A=C pattern( harmonic) ending the wavec (2) and calling for an imminent recovery. Clearly the market is questioning the behavior of the risk takers present in the Traditional market and crypto market by positionning the market at key hedging support on SNP500 and BTC This kind of configuration is more bullish to be honest because it is the area where an intraday bearish trader on futur will take profit, because it is the inflection level to start a new recovery The new bullish element this morning is the bullish divergence in progress like the one triggered on the previous bottom calling for an exhaustion of the Bearish momentum and an imminent bounce towards the daily blue resitance. However a fail to hold on this support will confirm an extension of the previous bearish trend to 28800 (Long-term strategic support) Tactical to daily view (1 to 3 days - before next 3 weeks) As long as 35800 remains key tactical/daily support and 37700/39700 is acting as entry levels (buy) the market is expected to bouncing off towards 41500 (1 to 3 days) - only a clear break above 41500 in daily close will open 51K Else Breaking below 35800 key tactical support a last downside leg towards the strategic key support at 28800 will occur before starting the multi- weeks significant bullish run expected Key Leves to watch : Strategic Horizon (3 to 12 Months): Bullish - Key support @ 28800 - Target 1 @ 77000 - Target 2 @ 111 000 (Conviction = STRONG) Tactical Horizon (1 to 3 Weeks): Bullish - Key support @ 35800 - Target 1 @ 51 000 - Target 2 @ 52 000 (Conviction = Normal , Strong if 41500 surpassed) Daily Horizon (1 to 2 days): Bullish - Key support @ 35800 - Target 1 @ 41500 (Conviction = Strong because of the divergence) Enjoy
Long
by JeanJean1983
front month vix futures remain overbought (vx1!)the upside in short term vix futures remains muted as limitations on how far out broader market shorts in the money puts are due to backwardation in front month contracts. this is leading to derivatives like UVXY to probably continue to sell off of overbought. we could find ourselves back in the low 14s UVXY if we see 22 vix again which should be soon. if we go over 28 vix id imagine were headed for 20 UVXY. the weekly picture for vix is bearish.
CBOE:VX1!Short
by cerealtrades