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Possibilities of Spy to 360 1DObserving the daily chart, it appears that a head and shoulders formation has emerged, which may indicate significant changes on the horizon that have yet to be disclosed. This channel has persisted since October of last year, suggesting that a potential shift in market dynamics may be underway. Additionally, if this head and shoulders pattern holds true, it could trigger a significant bearish trend with potential retests of support levels around 360 and possibly even down to 320. Powell's recent tendency to keep his announcements brief and to the point also warrants attention, as it may reflect a cautious approach to managing the economy. As always, it's important to stay vigilant and stay informed as events unfold.
AMEX:SPYShort
by Adventure_Joe
Change my mind! The time is now to reassess the situation. The bulls have made themselves known again, for now. They are trying to establish a base above the 21wema and the time has come to plan. You probably know timing is everything. But always remember. Plan your trade. Trade your plan. This chart lays out the bullish scenario for bitcoin over the next few years. Starting from a simple swing trade (the first & smallest column) to a longer term, moon shot trade. The columns are also derived from fibonacci sequences on both axes. And maybe a dash of meme power. Of course, this is the scenario for the bulls and is relevant until 16,000 is lost. No one knows what the future will bring. That's why planning is so important. To know what you will do ahead of time in either scenario so you have a better chance of making a non emotional decision. But what if this is wrong?! Your an idiot! Well first, you shouldn't copy other peoples trades. Make your own decisions with due diligence (DD) that you are comfortable with. For me, its easy! Risk off as 12,000 becomes the next area of contention. And then reassess after some time. Opportunity is infinite, capital is finite. But until then, this is the way. Happy Trading!
BITSTAMP:BTCUSDLong
by nonoiz
7
DXYI thought i would share my idea, its very brief. The DXY is still in its downtrend and now is at the top of its downtrend line. Its worth noting that it is in an acending wedge which more likely play out to the downside. But also it is at strong resisitance, this is the level it hit on 20 march 2020 and tanked, so could we see the same? One area to note is the orange circle, if the DXY goes down be mindful of the potential double bottom right there. If DXY drops, stocks, BTC will follow :) Anything can happen so please always do your own due dilligence :) But im bullish on BTC and probability suggests downside for the dollar?
CAPITALCOM:DXY
by Crypto_SUP_Surfer
BTC inverse Head and shouldershey waaasup everyone, If you have been following me lately you would of already seen my TA on BTC. Heres an update, It has played out as expected so far and BTC is very close now to that red vector range and big volume gap. It is still in its range (blue box). I have now spotted a much bigger inverse haead and shoulders pattern (light blue) but also some confluence of the small decending wedge that BTC is in right now. That would put BTC very close to the liquidity above. Bookmap is showing Liquidity for BTC at 23K, 24K, 24.35K, 24.65K, 25K. also at 21.7k but there is over 339 btc at 23 K so thats a wall right there and also 456 btc at 24 K, so thats the range 23-24K. I am still bullish on BTC, Happy Sunday everyone, and enjoy the rest of your weekend :)
by Crypto_SUP_Surfer
1
BTC updated ideaHey everyone, so i put out an idea last night where i showed a W formation and inverse head on shoulders on the 15 min TF, but it didnt play out. I have updated my idea, where it is still in its range (blue box) The pattern has changed to decending triangle with base at 23k area but it could also be a decending wedge possibly? Everything else is still in play, green vector range below, red vector range above, BUT look at that big volume gap above, thats something definetly worth keeping an eye on. It is also showing signs of support at the 21 SMA with the 200SMA in the middle of that low volume gap. Soon find out :)
by Crypto_SUP_Surfer
Gold - Too good to be true?Hey fellows!!! Gold is still pushing down, On the lower TF we gat what looks like to be a couple of bearish flags breakouts going on. After gold has been trading in a tight ascending range all week, it finally broke the flag down yeasterday following US news, And today, it came back to retest the 1870 level and again, US news kicked in! So here are we now, breaking another flag, to, maybe, go get the 1830ish + level where gold could find some support, so that would be a great target, Reasons that make me think of a fall until the Target Area: 1) Gold getting a lot of selling pressure 2) It broke a bearish flag yesterday, and retested it today 3) It's breaking another flag right now 4) It retested 1870 with an ugly "not in the textbooks" inside bar on H2, nice wicks on H4, several engulfings on H1 5) 1870 was also the 50% fib retracement of the last impulse down move 6) the break of the mother bar in H2 is a signal for a sell, like were the past two H4 candles as well, Ok well again we will see what the market decides to do but hey gold, that a lots of facts that go in favor of a meltdown! Even just temporary, there's only one thing, the 1850 level is on the way. Price bounced on it once, so, it's gat to make it trought otherwise we might see another restet of 1870. But then after that, ther'es virtually no resistance all the way to the Target Area, knowing that there's an imbalance if you look left on gibber TF The whole thing about it is, is it too good to be true or, is it like sometimes it's just like in the textbooks? Market will tell :) Thanks for reading Cheers and happy trading!!!
FOREXCOM:XAUUSDShort
by aemerydufoug
2
USDJPY had some good short term trades this past week!USDJPY nice rejection off the top of this range! have a nice sell trade about to close, it did go slightly above the top of this FIB range but did not get stopped out. How I have been marking my stop areas have allowed the trade to continue and not get stopped out! you gotta keep making adjustments to fine tune your trades. Can we see this head all the way back down to the bottom? Patience will tell, patience will tell... DXY can head up to the 105 area before having a decent drop or pull back... Keep on, Keep on Peeps! Good Luck Out There!
by BuddaCo_LifeStyle
BTC 1 hr TF possible rangesHere is my idea on BTC, could play out? It has broken out and retested the main white downtrend line. The new red line is the downward retest line it has to now break. At the first range i saw a head and shoulders that brought BTC down to retest, Its now in the retest range but i have spotted an inverse head and shoulders in this range, so a break out to the range above is plausable. If it does then maybe a bigger inverse head and shoulders could play out. It would get BTC back up to the Value Area High.
Long
by Crypto_SUP_Surfer
Whats next for VET? CONGRATS with you GAINZ!First of all congrats with your profit on VET BINANCE:VETUSDT . You made 25% (spot trading) if you followed my previous Long call. Check my last post to take a look. Ok. Whats the deal at this moment? We still have some room left for a upwards movement and this is why: - VET is in a bullish trend. Check the blue trend line. - We're moving towards the daily 200 MA. - We broke the 50 and 100 MA. - Breaking the 200 MA and the path is clear towards the brown resistance box. - There is still a decent volume. But why do you have to be careful?: - We see a bearish divergence. - Breaking the trendline means we're in for a (small) correction. - The brown box is the next resistance zone. - The 200 MA could give resistance. Happy trading!!
Long
by KennyCryptoNL
#TSLA Big Heads have big Shoulders. The weekly chart on #tsla has formed a massive head and shoulders. you see the high volume enter the left shoulder, then the depreciation in volume another smaller volume but higher price making the head, and the lowest volume right shouler, followed but some nice volume. *can bulls hold? it is a musk company, tis the season and all. But this big head here does not look Bueno! good luck traders, im looking for low volume in premarket sustained after open, and possible long put. no entrys or exits because ill be observing as data comes in.
NASDAQ:TSLA
by born4dizlif3
1
BTC (BNC) 1D - Are we seeing lower lows before Trendreversal?Bitcoin is rallying since couple of days and making all Bulls extremely happy, yet, we need to pay attention of possible downtrends or invalided patterns for a bullish scenario. The falling wedge (purple) is playing out so far. Adding FIBA from the local high (5. NOV - Start FTX Saga) we see that level of -0.618 are reasonable. For now we are looking at Fiba level 0.5 that coincides with the falling wedge and a Reversal Point (blue). Eventually we get higher to Fiba 0.618 as potential Bull trap and get all the way down before we rally. At the level of 18,700$ for Bitcoin is a major liquidation level waiting to dumb the price. Another liquidation levels are at 15,500$ and 13,800$ Thanks for reading, commenting and sharing.
BNC:BLX
by Sidi25_
Nasdaq Fractal Blackswan Cycles 📈📉The average citizen lacks any real understanding of Central Banking all they know are uneducated talking point from 🐑 that have the same or less power over their lives & the system as a whole that gave rise 2 them at leverage while they are none the wiser they are referred to by the architects of the system as... 🤓👉 ( working class / human capital) Scandals like Enron, Madoff, & now FTX are just bi-products of easy money policy that gives risk to excessive risk seeking behavior by the 🐑 which the FED understands most be corrected out of the system in order to maintain the 100 yr + trajectory they have done with the United States of America & ensure the survival of the livestock in the farm so the country has a stable to growing labor pool to remain an ongoing concern. There is a reason Steve Jobs didn't care what the peeps in the mailroom complained about and that is cuz its not their system and they have no idea how lucky they are to even be part of it 🧐 This cycle with FTX is just one more demonstration of just how much The Federal Reserve is the market & really knows what they are doing. As painful as the de-risking process the Fed puts the country through can be we can see on the macro that it is indeed a necessary evil to flush out back actors that form during easy 💰 policy cycles ♻️ & before they can grow even larger & more damaging to the system as a whole 🤓 Bear 🐻 markets end in mass graves 💀 so these events are 🔑 2 bringing aboutthe depression phase of the cycle & bottoming out the market before the Fed engineers new growth 📈 Patiently waiting for 2024 💡
NASDAQ:NDX
by Kazonomics
7