Reversal?Potential reversal identified based on August price action.
We are at a tipping point for tech.
Weekly technicals are oversold.
MACD monthly remains negative.
Jobs report and further Fed hikes may amplify this technical analysis may tip the scales and send tech plummeting.
Good luck,
Opinion - not financial advice
TECH
An overview of the markets Overview of many markets - tech may be the canary for the overall stock market, oil could continue to 84-87 area, Gold is at heavy resistance and Dollar is a strong support, Bonds still look strong and maybe a safe haven play, BTC may tag 30k before all is said and done.
Good luck!
LINA : INCREASE VIEWLINA seems to show an interesting volume.
we will follow this coin to see if it's able to confirm from this support zone.
It will be only interesting if it shows a building increase in the coming time frame.
The increased view means only coins that could be interesting for confirmation.
Most coins are still not building long-term increased views.
RBC - Shift In Momentum In Action ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 RBC has been forming a wedge pattern in red and now has been stuck inside an accumulation phase in the shape of an inverse head and shoulders pattern.
Moreover, RBC is currently sitting around a strong support and round number 0.02
🏹 For the bulls to take over , we need a momentum candle close above the green neckline which would also be breaking above the wedge pattern and accumulation phase for the MarkUp phase to start.
Rubic is a Cross-Chain Tech Aggregator for users and dApps which allows you to swap any of 15,500+ tokens, on & between 40+ major blockchains and 90+ DEXs and bridges in one click.
I like the project overall, so I'll be keeping a close eye on their upcoming news and features that would be the catalyst to pull the price up.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Short-Term Correction Started ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on H4: Left Chart
As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range.
Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups.
UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000
📌 on M30: Right Chart
The bears took over already short-term by breaking below our last low in red.
Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
2023 Looks Very BloodyStocks look poised to head sharply lower through the rest of this year. The banking crisis has been snoozed like your alarm clock blaring at you first thing in the morning. The thing is you only get about 5-10 mins before it blares at you again. More bank failures are coming. Most banks are holding treasuries with unrealized losses and myself and others are combing through balance sheets and finding weak players asking to collapse.
This summer looks very negative. My hunch is the debt ceiling issue is going to compound the bank crisis. There seems to have been no progress made at all between Republicans and the White House over the last couple months and we only have 2-3 more months before this becomes a catastrophe. Myself, along with many others, believed initially that this was a non-issue, but the charts are saying otherwise. Perhaps we should not dismiss this as impossible. It could be a black swan that's right in front of everyone's noses but they don't think it is worth inputting into their risk calculations yet.
The rally from the October lows is not impulsive. There is no wave count to be made that is bullish there and the upward action has cut back into previous highs a couple times so there are many reasons to believe further downside is much more likely.
It is going to get a lot worse before it gets better folks.
I hope you all have your seatbelts on and some money in Volatility.
There won't be a warning. One morning we'll just wake up and 6 more banks have announced stress and people will start freaking out. Volatility will spike 40% in a day and people will rush in.
Good Luck.
$398 min Target from C wavePrevious resistances could then act as support to launch to $408.00. From Wave 1- Leg A, is a bullish Cypher pattern. B Leg was the rejection as it retrace back up to Wave 2. Double bottom occurred on the intraday Friday. A leg acted as resistances before the double bottom occurred. This information combined w/ my Technical Analysis on Tech, and Financial Sector I see the SP500 rally early next week and cause a short squeeze.
Looking to long Financials early next week, any negative news in the market is a buy opportunity. I also like Tech, and will likely short the inverse 3x bear etf
Texas Instruments: Don’t Rush It! 🐢With a healthy respect, Texas Instruments is advancing toward the resistance line at $158.99 slowly but surely. Soon, the share should climb above this mark and push off into the green zone between $215.90 and $237.98 to complete wave B in green before turning downwards again. There is a 33% chance, though, that the course could shift away from the next resistance line, dropping below the support at $144.49 instead. In that case, we would expect Texas Instruments to develop wave alt.IV in gray in the gray zone between $130 and $107.68 before moving upwards anew.
NASDAQ - the candlestick that broke its backThe NASDAQ (and other indices like the SPY/SPX) appears to have what I would call the decisive candlestick(s).
For the NASDAQ, it appeared ready to break out and then it epic failed with a long tailed dark cloud cover type of candle. Speaks so much to say that it is heading down. IF it is as expected, then we should see a break down below the red box (outlined yellow), the break down area. This are holds a number of supports and breaking down below should see it pushed to 11750 support area around mid-April.
IF this is a wrong technical read, then 13,000 shoudl be easily attained and maintained. At this point, I do not see that happening, if at all.
Still early in the down draft, so technical indicators are not yet aligned.
Note to add...
SPY's candlestick closed the gap as well!
BTC - Strong Rejection Ahead ❗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 As per my last educational post (attached on the chart), we know that the bulls will take over if we break above the falling flag #4
📌 BTC is now approaching a strong rejection in orange:
1- Round number 30,000
2- Classic Support Zone Turned Resistance
3- Supply zone
Hence we will be expecting the bears to take over around 30,000 for a correction before the bulls take full control again and break above it.
For the bulls to take over from a Marco perspective , we need a break above 32,500
🏹 Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Inverse Head & Shoulders Activated 👌Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis , we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders .
📉 As mentioned, for the the pattern to get activated, we need a break above the blue zone / neckline.
This week, BTC broke above the neckline , so now we are expecting a bullish movement till the next resistance around 30,000
📌 30,000 is a strong round number, resistance and supply zone. So expect reaction there.
For the bulls to take over from a MACRO perspective, we need a break above 32,000
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin breaking out? Where is the next resistance?Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by $300B & rates continuing to soften substantially.
Bitcoiners are front running a Fed pivot and buying up this rally.
One thing is for sure their is still major technical resistance up ahead and some consolidation is due.
BTC Video Update 📹 Analysis #30/50Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
$META Long (Cup and Handle Breakout)Over the last few weeks, the market has experienced severe volatility due to the Financial crisis, collapse in oil prices, and indexes getting slammed.
However, the Growth areas of the market ($QQQ) and in particular Tech and Communication names have held up strong.
$META, being one of the largest components of $XLC (along with $GOOG/$GOOGL), gapped up on ER into what we would refer to as a COD setup.
The market has now given us a Cup and Handle breakout, along with a bullish momentum regime in the RSI, which we are using to justify a long position targeting the 230/230 area.
We will be using the Jun16 230/235 Call Debit Spreads at 1.00 to capture this potential price movement. At 93 DTE, we have plenty of time to withstand consolidations along the way.
We will cut with a stop below 185.
$BTC final rally 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
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Snowflake: Snowed Under ❄️Snowflake seems to be snowed under with work. The share has a great deal to do, but is currently delaying the anticipated ascent, gradually sagging towards the support at $110.27. There is a 33% chance that the course might drop below this mark, thus developing wave alt.2 in turquoise earlier already. However, we primarily expect it to climb above the resistance at $205.66 first to lodge the top of wave x in magenta before moving downwards again. Wave 2 in turquoise should then return Snowflake below $205.66 and carry it below the support at $110.27, introducing fresh upwards movement afterward.
US100 : NASDAQ AS TECH GIANTCAPITALCOM:US100
Hi , Trader's .. Our last target of nasdaq Hit TP
Now market is trading in Resistance 1 And Pivot Range
Bearish Pressure is building up in 1 HR TF
Market can make Double Top And can drop to retest Pivot area
Target With Proper Analysis And Risk Management
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