S&P 500 INDEX 04 nov 2022 Long Term Analysis (Daily Time Frame)Hi everyone,
Here is my 04 November 2022 long term S&P 500 INDEX analysis. #SPX
To date ( 04 Nov 2022) I have deduced that the market offers two scenarios. The first one (the most likely one in view of the geopolitical and economic conditions from a macroeconomic point of view) would be a continuation of the decline. I have estimated this scenario to have an 80% chance of success, either from a technical point of view or 25 out of 26 indicators are either neutral or bearish. Or from a macro economic point of view where today we have just learned that the unemployment rate is back on the rise (3.7%).
The second scenario, less likely, would be to follow the rise of the second half of October, then succeed in reversing the trend and breaking the descending channel in order to resume a long-term uptrend. 20% chance of success.
RED SCENARIO:
Personally and in view of the different technical and economic factors I think that the red scenario has a better chance of being realized.
It is not unlikely in the coming months that we will return to test the support area of $3550 or even that we break it to continue the decline. The economic conditions to continue the decline are mostly met, they will remain to break with high volume down this support area while remaining in the channel.
Once this support zone is broken, we have a very high probability of testing the support line of $3235 and why not that of $3000.
However, beware of the latter, which is a psychological level that is very popular with traders.
And finally if the conditions have not improved by then, or even worse have deteriorated. We could "maybe" have a continuation of the decline to the low reached during the covid, ie to the resistance zone of $2250
This final hypothesis is really to be taken lightly.
BLUE SCENARIO:
Much less evident the blue scenario is still not impossible, it would require however many conditions which are for the moment not present.
The first and most important would be global economic conditions (Decrease of embargoes with Russia, Decrease of interest rates, Decrease of inflation, Decrease of unemployment rates etc...)
Secondly and simultaneously it would be necessary that the technical indicators begin to consider a reversal (Important RSI divergence in Daily see in weekly, crossing of the mobile averages etc...)
And thirdly, and strongly helped by the first two conditions, the price should break the bearish channel with high volume to consider a possible reversal.
During this break we would have a strong chance to observe a reversal pattern and probably a strong RSI divergence.
If all these conditions are met, then we could envisage a long-term upward turnaround.
Conclusion:
For now the S&P500 is bearish and has a strong chance to continue its fall in this bearish channel, however we do not lose hope to see a reversal happen in a few months/years. For that we will have to respect some conditions but as we know in the financial markets, nothing is impossible.
If you have any questions, I remain at your disposal in the comment space.
TERM
This looks like a very Good ShortYou will find the answers on the Chart.
All those Buyers getting kicked by the Sellers (Wicks).
I am getting ready for a nice Short
USDCAD buy and sell areas LONG TERM!Looking on the daily we can see that price is proven to struggle around the 1.38 resistances so I have highlighted that as a nice long term short area... BUT also price has broken the long term bullish structure with the USD bulls stepping back in can we see a push push higher? (I have 1.35 highlighted as a nice buy zone which is also previous lower high). Fundamentals for both USD and CAD today so be careful entering any trades around these times! Also this is just my opinion so make sure you do your own analysis as well! trade safe and smart and let me know your opinions in the comments!!
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local uptrend line and locally in the small downtrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19.07, if the support breaks down, the next support is $ 20,026 and $ 19,810.
Now let's move from the resistance line as you can see the first resistance is $ 20,357, if you can break it the next resistance will be $ 20,512, $ 20,645 and $ 20,766.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
BTCUSDT 01 Nov 2022 Long Term Analysis (Daily)Following a large number of requests here is my 01 November 2022 long term $BTC / $USDT analysis. #BTC
I have made this analysis of the BTC USDT in order to determine a safe entry point for a long term investment.
To date (01 Nov 2022) I have deduced that the market offers two scenarios. The first one (the most likely one in view of the geopolitical and economic conditions from a macroeconomic point of view) would be a continuation of the decline. I estimated the latter using the Crypto Fear & Greed Index of the alternative.me website with a 70% chance of realization.
The second, less likely scenario would be following the pump that we had this week a reversal of the trend in order to go back up on the long term. 30% chance of success.
I have determined that the red scenario has a better chance of happening for various reasons:
- Firstly the global economic conditions do not allow for a bullish reversal.
- Secondly, we have a bearish divergence in the daily chart this week.
- Thirdly the $18500 / $22500 range has not had a confirmed breakout with enough volume to speak of a long term reversal.
- Fourth, the failure of last week's pump at the $20,800 resistance.
At this time with the information we have I recommend not to buy BTC.
Of course I would like to remind you that I am not a fortune teller, nobody can know how the market will behave. However, we can analyze it and with the help of the past and statistics, try to find the best entry and exit points
However, if you have any questions, I remain at your disposal in the comment space.
THIS IS NOT INVESTMENT ADVICE
NEXT BULL RUN 🚀 ( bitcoin and Altcoin) BITCOIN LONG TERM :
We finally got breakout
Sometimes to stand again
we must fall
and We have already fallen
So.......it's time to go up
Bitcoin gave many opportunities to get rich
Going back to history, the first opportunity was at $2,500 in 2017
The second chance was in 2019 when the price of Bitcoin fell $ 3000
And the opportunity now will be at $ 17500-21000
Get ready for 90000 dollars
It will be a really fast and powerful rise!
XRP in the short term 2022We are seeing a lot of pressure in conventional markets along with commodity markets with all the inflation and recession numbers involved. With FED moving forward with strong interest rate hikes well into 2023 I can see serious pressure on the XRP price given that there is still no settlement for 2022 or the end of the case until 2023. Fibonacci levels all the way down to $0.3693 and using curves to see the possible path for the XRP price in the short term. If these price points become reality it will become beautiful opportunities for cost averaging and taking advantage of low entry points.
DXY I Short-term Short from Resistance Welcome back! Let me know your thoughts in the comments!
**DXY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Armónico Bear TrendInteresting stock, Armonic trend, the stock is in obviously bear Market, and it seems will continue in this way. The earnings were below the expectation. The price is continuing its downtrend and the price is using the moving average of the 50 periods as resistance that push down the price. Let's in the coming weeks if the trend will reach the area of attention between levels 152.15 and 119.88.