BTC Bubbles Bottom Below the 20 Months Moving AverageBitcoin monthly chart.
Every time BTC went in bubble territory (see RSI) it topped and it didn't find a bottom until it breached the 20 months moving average and reached a level approximately 50% below it.
I'm excluding March 2020 flash crash (the DSS also suggests that was a special occurrence)
TOP
#TNX #US10Y 10 year yield at a top?So the 10 year yield has run hard on interest rate hike expectations.
However, as can be seen from the chart, the yield is currently about 93% above its 50 month moving average, the highest it has ever been...by far.
Using the TD indicator one can also see that the yields are potentially topping this month.
As can be seen from the Stochastic and RSI below, both are at major tops.
The yields and DXY priced in a more hawkish FED the last couple of days since we got the higher than expected CPI reading on 10 June.
Chances are that the FED will not be able to continue with higher interest rate hikes as this will crash the market.
So, the yields and DXY might have been running based on expectations but might revert quite a bit on actual release of FED interest rate decisions tomorrow.
Major downtrend in SPXAfter almost two years of market exuberance due to central banks' unconventional actions, the SPX has recently entered a major downtrend which has just started.
The index has just formed a top under a major resistance and its next target is the major support level around 3200.
The RSI Exhaustion confirms the same analysis, in fact, there's no evidence of divergence and the indicator is currently "bullish exhausted" meaning that a bull run from here is extremely unlikely.
Remember to do your analysis, be patient and always look for confirmation from the indicators.
SPX: Hit our target! What's next?Hello traders and investors! We nailed another target on the index, but it seems it wants to do a top sign now. The link to my previous analysis is below this post, as usual. Let’s see what’s going on.
First, in the 1h chart, it broke our target at 4,096, and it is trading above this resistance. Since it is a bull trend in the 1h chart, any pullback to the 4,096 or even to the 21 ema should be considered just a pullback. The next resistance is at 4,300.
Yes, the index is trying to give us some top signs, but it is too soon to tell if it’ll correct or not, as we don’t see a clear bearish structure yet.
Let’ see the daily chart now.
Yes, we broke the red line at 4,090, triggering a Double Bottom chart pattern in the daily chart. Despite the correction today, we are still above this line, and above the 21 ema, indicating that this is a reversal, indeed.
The only problem with this is the low volume, but as long as the index stays above its support levels, the situation will remain under control.
Everything is ok for now, and I’ll keep you updated every day on this, so remember to follow me to keep in touch with my daily analyses!
Top & Bottom Indicator with KDJ ConfirmationSimple Top & Bottom Indicator with confluence of the KDJ Indicator!
Long Entry Example:
-Background Switched from red to blue
-Buy Label Printed
-KDJ close above 50
Short Entry Example
-Background Switched from blue to red
-Sell Label Printed
-KDJ close below 50
SL Placement:
-Last Bullish/Bearish Candle of previous opposite chart background.
Risk to Reward:
1:2 (recommended)
1.1.5 (higher Winrate)
I coded it into a Strategy.
Suitable for the 1min Chart.
Persistent is ready to Break Double Top Persistent is ready to break double top it can be sell because of double top and also trend of Persistent is down trend and double top target is Rs. 2514 and taeget of 1 is Rs. 3100 so it can be sell and my opinion is it can be sell and STOP LOSS is Rs.3798 And thank you to visiting this channel and pls like and follow me
TECHDARSHRESEARCHER and come here every time and pls comment below and have a good day bye bye.
Sell it your own risk.
Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
Elliott Wave Analysis: Natural Gas Confirms Temporary TopHello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place.
From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five waves, we can expect a three-wave A-B-C reversal, so with current five-wave drop from the highs, seems like Natgas is now slowing down within a higher degree (A)-(B)-(C) correction.
Well, wave (A) seems to be completed now, so we may now see a three-wave A-B-C corrective rally in wave (B) that can retest 7-8 resistance area and form a nice Head&Shoulders pattern before we will see another sell-off for wave (C).
Happy trading!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Expected Key Points ES/SPX 11 May 2022ES/SPX 12 May 2022
The current implied volatility is at 32.6%/year
So that converted into daily is 2.05%
The opening of today was 3939
So based on that our channel is going to be compressed within
TOP 4020
BOT 3860
with a probability chance of 86.9% based on the last 1049 candles
From volume point, current POC is around 3930, so I believe initially the 3.9k will sustain/bounce initially, but if the poc is becoming
lower and lower, then we can expect to enter within 3.8k area
From fundamental point, today we have
PPI and initial jobless claims releases and these mark a huge volatility moment
At the same time the current values are expected to be bearish.
Expected Key Points ETH 11 May 2022ETH 11 May 2022
The current implied volatility is at 81.61%/year
So that converted into daily is 5.14%
The opening price was on 30970
So based on that our
TOP 2460
BOT 2220
This channel has a 82.4% change to sustain based on the last 290 candles
At the same time with 80.3% we can affirm that the price is going to be above
TOP 2377
BOT 2303
From fundamental point, today we have CPI release and this marks a huge volatility moment
From volume point, current POC is around 2375
We can expect now with close to 65% that the market is going to end up between
TOP 2375-2460
BOT 2305-2220
What if this time isn't different? A 2 year scenario projecting the financial crisis of 2008-2009 into the future
Chart (W, LOG):
Stocks: The averaged futures for SPX, NAS and DJ were weighted so that a 1 point change will imply the same change in $ terms. (For weights see www.barchart.com
200MA, 50MA, and 21MA
Today's price and date: at the intersection of the cross.
Financial crisis: Purple box on the left
Implied scenario: Purple box on the right. Left edge starts 10/5/2022 ("Today" .. for the next 10 min)
Methodology:
The scenario is a scaled up copy of the box at 2008-2009. It is stretched to fit the current price, and it's 3 MA's.
For simplicity the price / time aspect ratio was preserved.
Criteria for 'best fit' (using IEI ) were the absolute level and curvature of the 3 MA's. In other words, the distance between the MA's, their slopes, and the speed each slope was changing.
Main Implications:
The scenario implies a crash (ripped from Feb 2009) beyond the March, 2020 COVID low, as far as the highs of 2015. This is after the end of QE, when Greece went into default and the Yen was devalued overnight .
"Bottom" of the implied crash is one year from today (10/5/2022).
Notes:
1. IEI : I eyeballed it
2. Gann would not be happy and the result could be different on a RENKO or equivalent treatment of time (a great follow up idea)
3. The night the Yen was devalued I held positions in gold in bond futures (GC and ZB). I have used stops without exceptions from that day on.
best graphics:
Key points Short BTC 09 May 2022Current expected movement from IV = 3.4%
At the same tim we estimate with a 85.7% confidence that the volatility for today is going to be below 3.67% for this the market will stay within
TOP 35300
BOT 32750
All of this being calculated with the opening value candle of today or yesterday close daily candle
From the funding rate point of view, the shorts have to pay the funding fee to the long positions,
giving us the idea that there are currently more shorts than long in the market( bearish )
From the fundamental point of view
we have not big volatility news today
With all of this in mind, we can try a scalp entry for today with the next setup
stop loss 1: 34000 or the opening price
stop loss 2: 35000 expected top for today
take profit 1: 33000
take profit 2: 32750 expected bot for today
Weekly Prediction 9-13 May GoogleGoogle
9 - 13 May
The weekly VXGOG-> Volatility Index for Google
Implied = 40.95
In this we have to standard it for weekly session
40.95 / sqrt(52-> 52 weeks in a year) = 5.68%
My historical product is telling me with 1x coficient that the expected movement for this week
E Volatility = 41.19 / sqrt(52) = 5.71%
With this data, from my calculations, when EV > VIX, there were a 83.3% chance that the market
stay within the bottom and top created with the ranged from the E Vol
So for next week this range for us is going to be
TOP - 2447
BOT - 2183
🎯🐙SUSHIUSD🐡🐠🦐🦑🦞🎯TIME TO EATHey fam just an idea I wanted to share with you all. This is a posisition I am in as well.. HAPPY TRADING AND WISHING YOU ALL BEST. I know its been a bit of a bumpy ride the last few months But i believe we will see green days soon.. Please hit the like button and follow if you like and I can draw charts if anyone is interested in a coin/stock..🎯🦞🦑🦐🐠🐡🐙💰😉🤪
Elliott Wave Analysis: AUDJPY May Have Found The TopHello traders! Today we will talk about AUDJPY pair in which we see a completed Elliott wave five-wave bullish cycle and potential top formation after recent break below strong trendline.
In Elliott wave theory, we always have to expect a minimum three-wave reversal after a completed five-wave cycle.
We are now observing a minimum three-wave A/1-B/2-C/3 decline, where wave C or 3 can be already in play.
The main reason why AUDJPY could be turning down is strong support on US bonds and also still bearish looking stocks in current risk-off sentiment. A positively correlated SP500 is just about to break Feburary 2022 lows, which can easily send AUDJPY pair lower, at least towards 88 area for wave C, if not even down to 85 area for wave 3.
Trade well!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Elliott Wave Intraday Analysis: GBPJPY Confirms Top In PlaceHello traders!
Today we we will talk about GBPJPY and XXXJPY pairs in general, in which we see pretty interesting price action and clear wave structure.
As you can see most of XXX/JPY pairs are turning sharply down and the main reason is a recovery on 10Y US treasury notes. We decided to share GBPJPY chart that is turning sharply and impulsively down, clearly within a five-wave bearish cycle which in Elliott Wave theory suggests a top, at least temporary one.
Five-wave cycle from the highs can be actually approaching the end and this is barely first leg A/1 from the highs. In Elliott Wave theory, after every five waves, we can expect an a-b-c pullback, so be aware of bounce and recovery around important Fibonacci cluster target area and 160.0 psychological level. If that will be the case, then this would be an indication for an Elliott wave a-b-c corrective rally into a wave B/2 that can retest 163-165 resistance area before we will see a bearish continuation for wave C/3.
Trade well!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Top and bottom prices with dates for Bitcoin - based on pastThis is my analysis for long term Bitcoin prices. In my opinion Bitcoin is very highly manipulated and the price will be be driven down in 2022 only to be pumped again after the next halving event. At this point Bitcoin is a wealth generating scheme that rewards those who buy low and sell high or just hodl and takes from fools who buy the top during a media driven frenzy.
This model is based on time periods and % changes in price of last 2 "cycles" of highs and lows. Did you know that from the lowest price value after the 2013 BTC top, so in January 2015 till the highest price in December 2017 (19k) past 1064 days ? Guess how many days past from bottom of bear market in 2018 till top in 2021. 1064 days. Coincidence?
O (Realty Income Corporation) - Bearish Multiple Top - DailyO (Realty Income Corporation) stock price has reached a two-year, all-time-high resistance zone of $72.56.
If resistance holds strong, the stock price could pullback over time to test support below.
O (realty income corporation) reports earnings on 05/04/2022.
Entry (short): $71.56
Profit Target +4% (exit): $68.59
Stop Loss -2% (exit): $72.91
Utilize stop loss, position sizing, risk management.
Note: XLRE real estate ETF has also begun to pullback on a daily chart.
All content is Not financial advice. Trade at your own risk.
Bitcoin – bulls are weakHello, everyone!
I am waiting for retest of trendline 1 to go short, but bulls are so weak because we are not seeing the buying activity at $39-40k. It means that BTC will probably reach the trendline 2 before the significant bounce.
The Bitcoin price broke through the last point of support – 0.78 Fibonacci level. It means that we are in the downward impulse, not correction. As a result I am not expect the prices above $48000 in next 2 months with almost 100% probability.
What is next? I am going to try to open long position at the trendline 2 with the purpose to take the bounce to retest trendline 1 and short the BTC after that.
Good luck!
DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.