[ETC/USD] Long term: What is the future of ETC?TREND:
Trending line has clear bearish tendencies since the end of February.
SUPPORT:
We are currently missing any major support line until around 2.662USD. Either we will create a new support by side action or we will fall in correlation with the trend line.
VOLUME:
Volume is proving to be not big enough for bulls. We can clearly see that bears are taking the lead. Should we see some change? If yes, then already mentioned side action is needed with higher highs.
RSI (100days):
It is currently on 42 (meaning of life?) which is not hugely oversold, therefore there is still lots of room for selling action.
Summary and prediction? I see ETC slowly falling down to the area of 2.662USD until the half/end of January.
If you agree, then your like is appreciated :)
Happy trading.
TERM
Front Curve Crude Light Volatility: Mar'22/Apr'22Upside vs Downside interchangeably for short or long risk exposure at current flat front CL1! price.
The IV stands at 73%, which is more conservative than the highlighted risk profile. Not a tradable setup; just for reference timeframes when looking for a bias.
The median line, from which the % change is measured, is derived by using the Inside Pitchfork tool; it is the least inclined from Pitchfork tools, provides a less aggressive slope for the long term outlook.
ADA Bulls came back into the game and aimed for key $1.0 level Cardano price reversed its downtrend and has been moving higher with the support of an ascending trendline.
ADA coin accumulated above 2022 year lows before recovery, indicating buyers' strong dominance.
The ADA coin is trading into the Ichimoku cloud in terms of the daily price graph.
Going by the ADA forecast, the bulls are once again targeting the psychological round of $1.0. Amidst the recovery, ADA appears to be in the Ichimoku Cloud (RedZone) in the context of the daily price chart, with the leading Span A acting as a bearish barrier. Besides, the key SAP B (present at 1.005) could influence the bullish trend.
The Relative Strength Index (RSI) is slowly moving up and is looking at 57-mark in the context of the daily price chart. The RSI is trading above the semi-line (50-mark) after a prolonged period; buyers can take advantage of this bullish breakout.
The Average Directional Index (ADX) is at 18-points, suggesting the slightly bullish momentum for the Cardano coin.
To the psychological level of $1.0, buyers may continue the recovery, and near $1.0, a pullback is likely to occur. Now it remains to be seen whether the bulls will be able to move above $1.0.
Support level - $0.80 and $0.50
Resistance level - $1.0 and $1.6
Watch the US 10Y Yield chart as it approaches MAJOR resistanceI am taking a closer look at a long-term chart of the US 10Y yield today, I consider this to be a very important chart. Why? Firstly, Government debt continued to sell-off yesterday, with bond bears spurred on by more hawkish remarks from Fed Chair Powell, and secondly, I prefer to look at yield charts as I consider that the data is clearer and not disrupted or distorted by the ‘rollovers’ of the bond futures market.
Ok I have done something a little strange on this chart, I can clearly see the down trend in evidence going back nearly 40-years and yet when I try to draw a trendline, I can only get a resistance line (a line that joins only 2 points and not 3). Why is this important? Because I want to know exactly at what point this nearly 40-year bull market capitulates - so what have I done? I have instead connected the lows from 1993 (there are at least 4 major lows) and drawn a parallel off this support line. Our long-term resistance line is at 2.52 BUT our parallel line is higher at 2.63 AND we have the 200-month ma in close proximity at 2.68. Conclusion – the MAJOR resistance lies at 2.63/68 and these are the KEY levels to watch.
I have been watching these levels for at least the past 2-years, because not only will this will be the final death knell of the bond market, but because we also suspect at this level the stock market could also capitulate.
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A BTC analyze for Scalper!Based on my Elliot wave analyze, we will have a downtrend to 34000 dollars in mid-term which takes about 2 weeks. But if you are an scalper and want to get profit faster you can close your sell position between 40000-38350. we will have another sell opportunity later. so you can enter again. I will share next entrance area after confirmation. If you have any question about my analyze, please comment.
XAUUSD Predicted to be BullishXAUUSD Predicted to be Bullish
XAUUSD analysis
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We will analyze in H1 TF, where we see that Gold is experiencing a bearish trend or down. In moments like this, we can take short positions when the price has been confirmed or has broken through the strongest support level.
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For the current hour and today, Gold most likely will form a double bottom pattern on H1 TF, you can all see it. And if that's the case, we can take advantage of this to buy on weakness or buy in areas where the market has confirmed the trend, namely at the price of 1929.
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The level of accuracy is uncertain because the character of the gold market is very volatile, so be careful when opening trading positions in this market.
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- Don't forget to follow me to get the next idea update
Bitcoin Adoption in El Salvador is HUGEWhile the majority of the companies in the survey pool were small businesses as they account for 71% of the respondents, 16% of them were large companies and 13% were medium scale businesses.
What this survey shows is that despite the litany of moves the government has made to drive its people towards Bitcoin, the level of adoption is still considerably low.
Despite the low adoption rate, President Nayib Bukele remains bullish on the flagship digital asset, and the country currently holds around 1,800 units of the coin.
El Salvador’s Bitcoin Bond plan hits a snag
El Salvador’s plan to build a Bitcoin city financed by a $111 billion Bitcoin bonds appears to have hit a snag as the country’s finance minister, Alejandro Zelaya, in a recent interview with a local TV station hinted that the ongoing war in Ukraine could impact the implementation of the bond.
The bond was first announced in November 2021, and it was revealed that half of the money generated from the bond sales would be spent on building infrastructure and geothermal energy-powered Bitcoin mining. The other half would be used to purchase Bitcoin for the country.
US Small Caps ($IWM) Small caps looks a bit tired, just hit trend resistance from 2001, and has been on down trend since.
Monthly RSI is also showing that we have turned down, which means increased likelihood that we are revisiting 100WMA (golden MA) or lower soon.
Monthly RSI might hold at this level and reach to upper trendline again, but R:R ratio is a bit... meh.
HOWEVER, relative to SPY small caps still present good value.
NFTUSDT.NFTHello, dear friends. Everything is clear on the chart. We are currently in a very strong position and we are expected to experience a good climb from here. We had a long-term uptrend that broke and the price did not return.
You must save profit on specific TPs in the chart
Target one: 0.000002137
Target II: 0.000003342
Target III: 0.0000041
If you have a specific question or analysis, be sure to comment.
With thanks for your attention
SANDBOX - $SANDI'm looking to accumulate Sand into my portfolio, so i'm posting this to see if i can see any patterns forming in how $Sand does in this current market state.
Short Term - I see Sand retracing a bit from today's HSBC news pump back to retest the previous support; the news helped break out of the current down trend. I'm expecting to see sideways action for the next month leading into the summer.
Long term - DCA during the dips and if it dips into the green area of support, then i will be buying more to lower my average.
Not financial advice - always do your own research.
This chart is for speculation purposes only.
BTC on the path to retest 50-55k resistance zoneHaha what a laugh we had today with J powell (FOMC) meeting announcing that the FED is going to raise rates of 0.25% lol what a great actor he is!
Let's be clear your gov has absolutely no intention of fighting inflationation at all! it won't stop until they have completely destroyed the middle class and buy it all!!
Any major chaos is being use as cover to inflate, raise energy, gas and print more money for all theirs friends, bankers, gaz and military companies but not YOU!
They do not care about you and you must understand the game and protect yourself against hyperinflation and the biggest crisis we are going to face!
I knew the market will react positively and i wasn't worry about the FOMOC meeting of today and i mentionned several times in the past weeks that btc was definitely in an area of interest where price has historically always react in a positive way.
I also mentionned that this was no area for short but place where you should be looking for long!
In my hubble opinion i truly believe that we are seeing a pattern reversal confirmation since btc broke that descending resistance trendline we were rejecting since November 2021
Now btc forming a higher low on a higher timeframe, see my weekly chart above ( confirmation that we reverse that bearish trend).
I am now waiting btc to clear this 45k resistance to rise to the next Resistance zone 50-55K.
NIKE ABC CORRECTIONMarket just finished 1-5 Elliot wave and started going down, we are waiting for it to bounce off of a 50% fib zone, retrace to a trend and go down to our demand zone, where we should enter the market for a long position and expect retrace to 50% fib zone of downwards movement.
AROON: Shows gain in a bearish momentum so it means we should hit our 50% fib zone
Supply/demand zone: Shows strong demand zone at 79$ zone where we should get our entry
entry: 79
invalidation: 48 (I will not be putting invalidation on my trade because Nike is on of the industry's giants and we should see rise in price in a long term.)
target: 118
long SILVERSimilar pattern to the analysis just drafted on GOLD, applies to SILVER, where we have seen chart patterns being highly correlated to xau movements, combined to a significant increase of physical delivery between the major players.
We will play on silver with same logic: very tight stop, in correspondence of today lows and TP level at 28. SL will be moved higher to protect profits.
We will obviously take in consideration FED pressconference, if the trade is still open, to manage the risk during news time.
Bitcoin - When in doubt, zoom out.Do you believe in the long-term future of BTC?
Having rallied to 69k for a top in late 2021 from COVID-19 panic lows set in March 2020, BTC has since retraced around 50 percent to the lows of 33.5k set on January 24th, 2022.
In the current environment of endless short-term bulls and bears, it is easy to forget the initial reason why we have invested in the first place, the exponential long-term trajectory of this decentralized, secure, and scarce asset that attracted us to this space.
Although cliched, ‘When in doubt, zoom out’ is an important principle, especially
If you’re a long-term believer of bitcoin.
In this post, I present three scenarios for BTC to play out in the medium term. I will also discuss how I am navigating this uncertain market.
Bullish Scenario - BOOM before DOOM
In this bullish scenario, we would see a breakout of the current range of 45k in the next couple of months, with a potential higher-high set at the mid-50ks for a base for another leg higher and a parabolic breakout above our macrocycle highs of 69k towards 120k+ or so, towards the end of the year or early 2023.
This parabolic run could be similar to November 2017 bull market top. It would likely be followed by a heavy 70%+ correction, falling below the Gaussian channel depicted, and bottoming at around the 200 Week Moving Average, which has marked the bottom for the past three market cycles.
Fundamentally, this would play out based on lengthening-cycle, diminishing returns theory, that bitcoin cycles lengthen with time, thus, taking longer than the 4 years predicted by many analysts using stock to flow model.
You can read more about the Lengthening cycle theory here:
beincrypto.com - Not affiliated.
Note, a 70% correction is a conservative prediction compared with the past blow-off top cycle corrections which have been 95%, 90%, and 85% respectively. This coincides with 120k or so being a conservative figure for a market cycle top.
So, why might there be diminished returns? Well, there are many reasons for this.
Firstly, the BTC market is vastly more institutional. We can see that 80% of trading volume is now Institutions and only 20% is retail as of 14th March 2022. Compare this to the 2017 bull run, where over 90% was retail. Institutional investors in markets tend to reduce volatility.
Secondly, and most importantly, BTC has a magnitude market cap of 800B compared with 2017 and 2013. Larger asset markets tend to be less volatile than smaller asset markets. Compare a small-cap or micro-cap stock to a Large cap dividend-paying stock for example.
Sideways scenario - Consolidation before BOOM.
For the sideways consolidation scenario, we would see the price consolidate within the current macro range lows of 28.8k and 69k until the price breaks out to the upside to new all-time highs. This range-bound price movement could see many relief rallies and breakdowns (some being below the Gaussian channel for the 5 day depicted) adhering to the macrocycle lows and highs.
Because the 200 Week moving average is up-trending, it would eventually catch up to the sideways moving bitcoin price, given enough time. Depending on the moving average position, it could test it later this year, or even early 2023. This test of the 200W MA would mark the bottom of the 4-year cycle.
An important distinction for the breakout is that the all-time high blow-off top, will not occur until AFTER the 2024 halving event and not during the current four-year cycle. Historically halving events have preceded major bull cycle market runs in the following year, as can be seen with 2016 and 2020. It assumes that 69k was the market cycle peak and that four-year market cycle theory holds and cycles do not lengthen.
Why could this consolidation occur? Firstly, it is historically plausible. Note, we did see a major consolidation during the 2018 bear market at around 6K before the major market capitulation at 3k.
Secondly, institutions have largely bought into bitcoin in or around the 30k region. As this is the cost basis of many institutional investors, this may serve to prop up markets primarily through psychological means.
The mass institutional adoption of bitcoin and vastly increased market cap could also shrink volatility more than expected, perhaps to the desired 50-55% to keep it in the range.
Bearish Scenario - DOOM before BOOM.
In this scenario, we would see an eventual capitulation below the macro lows at around $30,000 with a downside target to the 200 moving average on a more aggressive timeframe.
A major catalyst for this could be a black swan style event, e.g. economic collapse of the bond market, world war 3. Alternatively, it may slowly bleed down to the 200-week moving average. The former would likely result in a faster and deeper correction price target in the low 20ks or even wicks below, with a rapid bounce, and the latter likely result in a shallower correction to the mid 20k region. This is due to the nature of the 200-week moving average, trending up with time.
This would be followed by a consolidation phase and trend higher going into the 2024 halving, before a blow-off top to new all-time highs. Similar to the 'sideways scenario', this assumes that the four-year cycle theory holds, meaning that 69k was the top for the current market cycle.
The thesis for the price being bearish over the medium term fits with past bull market collapses such as 2018, where a protracted bear market usually follows in the year after a parabolic run such as 2017.
So you are predicting it will go up, down, or sideways?
YES. Noone on TradingView, has a crystal ball, regardless of how skilled they are. Trading and investing are inherently both, probability-based games, and to be successful, it is important to plan and prepare for multiple scenarios, whilst also holding a primary thesis for what the market will do.
Buy Low - Sell High: The 200 Week Moving average and Gaussian Channel
A common principle for long-term investors of an increasing asset is the concept of 'Buying low and Selling High'. The beauty of this lies in that this is ambiguous to market direction, and encourages investors to buy at opportune times.
There are many ways to do this, using technical, fundamental, and quantitative analysis. One way, that I propose here is using the Gaussian Channel and 200 Week moving average.
Take a look at the chart for 2014, 2018, and 2020 corrections:
The chart illustrates the past price action of bitcoin returning to the 200 week moving average after major parabolic moves and falling below the Gaussian channel range.
This represents a potential accumulation range from the gaussian channel where if one would have maximized their returns if they had bought, and has marked the bottom (for 200-week ma) or 50% from the bottom (for the Gaussian channel lower line) of past bear markets. (illustrated).
How am I navigating the markets? Not financial advice.
Bitcoin will at some point, retrace to the 200 week moving average. It could be later this year or only after another bullish move higher has occurred further down the track.
There will be periods that BTC will remain below the Gaussian channel of the 5 day, which represent undervalued prices.
At the time of writing, the accumulation range is between 20k and 38k. I am accumulating in this range, with buy orders which increase in size as we approach 20k, keeping order size smaller towards the top of the range.
I have a current smaller position in BTC to hedge the opportunity cost of missing out on a shorter-term bull run this year.
If you liked this post, please consider taking a look at some of my free scripts, I love developing software and apps in my spare time, and trading / investing is a passion of mine.
This post is NOT financial advice. Please consult your financial advisor before making any investment decisions, this is for entertainment and education purposes only. Thanks for reading!
Short and Long +150%The stock has already unloaded enough, but the closest support is only around $57-60. Overall, this is not a good time for Chinese ADRs. Therefore, for the time being, fall until the situation improves, then rebound from the support zone to $130.
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BTC still on an overall uptrend, regardless of inflation
When in doubt, Zoom Out! Notes on Bitcoin:
-We're still in an overall uptrend, hitting higher-lows.
-Institutional adoption helped carry us to nearly 70k.
-Since COVID, investors continued to pump it and take profits.
-Evergrande will be the deciding factor whether we break below all the support it still has.
-Inflation slowed the growth, trapped us in a channel for the time-being.
-Russia/Ukraine war isn't helping, but it also isn't hurting, even with all the news of disabled/blocked transactions in Russia.
-Alt coins follow BTC, so if an Alt coin is down, it's because BTC is down... but don't dismiss other factors such as bullish/bearish news around the individual alt coins.
-Now, more than ever, is going to be your best opportunity to invest in BTC.
-Even if it dropped another 5k in value, you'd stand to profit in the long run when the markets recover and reverse into another bull run to 100k.
-Keep an eye on the news & current events. Those with deep pockets can still profit off BTC thru day trading, but others should Buy & Hold, and accumulate.
-While hundreds of billions of dollars have come flooding in from institutional investors, there's still an incredibly LARGE portion of the world that has yet to invest.
-If you're still in doubt, Zoom Out, all the way back to 2010, and Replay the daily change from 2010 thru Now. With every crash comes recovery and continued Growth!!