BDRY Expected to Rally Towards 38.50Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The ETF BDRY held its overall uptrend despite failing to break through the 30.75 resistance level on the previous two occasions. Support for BDRY is observed around the 23 price level. Expectations are for the ETF to break above 30.75 resistance on its 3rd attempt and rally towards 38.50. To negate this view BDRY needs to decline towards the 22.75 price level.
Technical Indicators
BDRY is currently above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The moving averages are trending higher as the short term MA is trading above the medium term MA and the medium term MA is trading above the long term MA. Also there has been a positive crossover on the short and medium term MAs. BDRY’s RSI is above the 50 level and there has been a positive crossover on the KST.
Recommendation
The recommendation will be to go long at market, with a stop loss at 22.75 and a target of 38.50. This produces a risk/reward ratio of 1.46.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
USA
JPM has reached to it's highest resistance , possibly shortNYSE:JPM
hello guys , I wish you're all fine .
JPM touched 168$ which has been a nice resistance on June 03 2021
Also the candles looks bearish in 1h and 4h
RSI is at 67.85 and overbought
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Also I think because of the fear of inflation in U.S and also low CB Consumer Confidence which was reported today and caused stocks to fall and bearish , JPM has not fallen enough in comparation to the other stocks .
So probably on Wednesday when the market opens , we must see what's gonna happen to JPM
I go for a short position .
what's your idea guys ??
is JPM still bullish or it's bearish now ??
!! this is just a personal analysis and this person has no responsibility of your trade and risk !!
Make $1M+ if you follow this strategy or lose everything.Respected Traders,
Hope you're all doing well and made fat money in this bull run in the stock market. Finally I have got a great news for you.
Make 1M+ dollars.
News:
S&P 500, DOW Jones, Russel 3000 crashes on 30th October 2022. This in turn will bring the whole crypto market and the global stock market to crash as well.
Although we could see weakness starting from 30th September 2022. That would be your warning signs.
T.A.
They tell me we are in a parabolic run and we would fall from it like the BTC did in march 2021. I see a slight decrease in volume everytime there is a dip.
What to do?
Short everything. Growth stocks, dividend stock, ETF, SPACs, crypto. Short treasuries too if you want but hey no shorting value stocks. For max return copy MichaelJBurry portfolio. And hey if you lose sue me. and if i win SEC you can sue me as well. I don't flipping care.
Till then enjoy your ride my bears and bulls.
Thank you.
Your respectively
Dante. An artist in investing.
Bearish Flag Pattern Setup on SPX, Target at 4320Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The S&P 500 Index (SPX) appears to be in a bearish flag pattern setup. This continuation pattern is seen with the 1st leg of declines from all time highs to a low around 4430. SPX consolidated a bit and now is attempting to break below the 4430 support. Completion of this setup should take SPX towards 4320.
Technical Indicators
SPX is currently trading below its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. There have been negative crossovers on the short and medium as well as the medium- and long-term MAs, adding to the bearish nature of the pattern setup. Also, the RSI is trading below 50 and the KST is in a negative zone.
Recommendation
The recommendation will be to go short at market, with a stop loss at 4525 and a target of 4320. This produces a risk/reward ratio of 1.64.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to SPX.
$WISHWish is starting to move up slowly. If you see the MACD indicators, it shows to us the positive cross to move up. Although, OBV indicators describe that is back to accumulation point. For traders if you want to buy it will be less risk, as the ATR indicators decrease to less than 1. Finally, this analysis is on my opinion, it may be success or fail.
XauUsDchart: Gold
TimeFrame: H4
Analysis Method: Technical Analysis
Analysis : If it break 1830 level then it will go up. But i thin it will go down badly so be prepare and put S.L in every correct point.
Trade Plan: Scalping + long term
Risk Management 0.4%
Things to Watch For : Wait for New .Its Depend on data .
USDGBP GBP / USD is trading at 1.3829; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3765 and then resume moving upwards to reach 1.3965. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.3655. In this case, the pair may continue falling towards 1.3565.
Yours sincerely. LED
in Spain on 09/3/2021
EURUSDHello, receive a cordial greeting.
The buying interest around the single currency remains well and sound at the end of the week and pushes EUR/USD back to the area above the 1.1900 zone, or new multi-day highs, in the wake of US NFP.
EUR/USD in fresh tops around 1.1900
EUR/USD keeps the bid stance on Friday after the US economy created 235K jobs during last month, coming in short of expectations for a gain of 750K jobs. The July's reading was revised to 1053K (from 943K).
Yours sincerely. LED
in Spain on 09/3/2021
BTC CONSOLIDATION ! As stated by many experts, the current bullish momentum can only be supported by strong demand, otherwise, BTC’s price could move sideways or risk returning to its former range below $40,000.
The amount of on-chain activity is a useful indicator to measure say demand. As the first cryptocurrency by market cap climbed to its all-time high, above $60,000, the network saw a rise in its number of transactions.
This was probably triggered by a FOMO effect from retail investors jumping into the crypto space for fear of missing out on future gains.
This phenomenon was driven by Elon Musk promoting Dogecoin, the boom in the non-fungible token (NFT) sector, and the yield offered by some DeFi protocols competing with Ethereum.
Bitcoin benefited from this new wave of investors adopting cryptocurrencies, and digital assets. Thus, a combination of institutional and retail interest and capital allowed BTC’s price to reach a new ATH. Transactions fees at that moment skyrocketed.
This happened right until the moment when BTC collapsed in the first of 3 capitulation events spread out across May, June, and July. On-chain activity dropped with the market and has been unable to recover since.
As seen below, data from explorer Mempool.space shows that fees have gone from 100 sats/vB to around 7 sat/vB for a high-priority transaction. Via Twitter, analyst Mr. Whale said the following on the decline in Bitcoin’s on-chain activity:
Data shows there is virtually no demand for Bitcoin right now. The BTC mempool has been flatlining for weeks, which is even worrying some bulls. We’re in for another big crash, yet most are too greedy to admit that.
Bitcoin On-Chain Activity At A Low, Whales Take Over The Market?
On the other hand, pseudonym analyst “ChimpZoo” sees the other side of the coin. The analyst believes the lack of on-chain activity could be bullish for BTC’s price based on 2 reasons.
First, this indicates a decline in retail participation or that a low amount of BTC’s supply is being held by “weak hands”. The large inflow of retail investors experience in the first months of 2021, some analysts believe, led to speculation, high funding rates, and a high level of over-leverage trading positions.
All those factors accelerated Bitcoin’s dropped from its ATH and operated as bearish catalyzers. Recent price action to the upside lacks those variables, which could suggest that this rally could be more sustainable.
In addition, ChimpZoo claimed that the lack of on-chain activity and the rally point to an increase in whale activity, and in strong hands coming into the market. This is supported by Jarvis Labs’ Accumulation Trends metric.
As seen in the chart below, in the past 30 days Bitcoin whales have been accumulating more BTC than smaller investors. The more yellow and closer to 1 on this metric, the more whales have been accumulating.
Thus, this could explain the low on-chain activity. Analyst Checkmate acknowledged that the market is at an uncertain point, but tends to incline more to the bullish side:
The divergence between onchain activity and supply dynamics atm is simply insane. Activity looks like a bear. Supply looks like a juiced bull. Truly a challenging structure to assess direction in, but in my view, supply dynamics trump activity. Shows conviction and strength.