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$LUNA - Time for a Pullback?We have seen an absolute insane run from $LUNA which I have created a post of going long around $56. Since then, it has absolutely skyrocketed to unknown territory. However, what comes up, must eventually comedown to a certain point. I believe that $LUNA is far too overextended at this point. RSI is near all time highs from the last run. I am looking for a bounce in the $75-$80 level near our previous all time high. We had previously seen around a 85% run from around $40 to $70 before we had a pullback. We are now around 85% gain from $52 to $98. I believe we will see a pullback soon! Let me know what you all think!
Short
by Smarter_Trades
6
The dominance of stablecoins as a divergence tool in BTCOn the top chart we have the BTC/USD index, and on the bottom chart we have the sum of the dominance of the main stablescoins: USDT, USDC, DAI and UST. As a rule, when the dominance of stablecoins rises, the price of BTC falls. Just look at the respective numbered arrows. The only exception was arrow number 3, which had a more lateral movement in the dollar's dominance. Now looking at this exact moment, we have a rise in stablecoin dominance. The next resistance is at 7.75% (if dominance continues to rise).
INDEX:BTCUSDEducation
by andre_007
Luna testing 0.5 Fib. Would wait for BTC to make a move!The double Top forming on Luna was a pretty good sign for it to drop. I closed my longs at @45 and waiting patiently for a new entry. As you can see I love trading with Fib levels and Luna is going to test the 0.5 Fib (golden pocket) OR the 0.38 Fib if BTC shows new signals. Those 2 points are marked for further decision making. If that holds and we get a nice volume, this would be my entry. Long bullish on Luna. Would wait for BTC to make a move AND starting losing dominance after that. Sometimes not trading might be the best trade. Good luck! ❤🧡💛💚💙💜🤎🖤
by ThisIsMe21
🦅 LUNA Wk of Oct 4 Lines on charts... LUNA/USDT, 8hr 200EMA So my last chart for Luna worked out pretty well. In fact, I think Do Kwon borrowed my path up for Luna's trajectory. ;) LUNA has been in a solid channel up since the Col 5 upgrade. I'm still bullish but I think we're going to see a pullback soon, then a period of consolidation. Watch the 8hr/12EMA which it seems to be respecting at the moment. IF it breaks that or the lower channel, this will pull back maybe to the lower trend line or the 200EMA (possibly to $36) before the next real leg up continues...which it will do as more projects come online, UST gains adoption and LUNA burns. Happy Uptober but remember there is almost always an October surprise. Good luck!
Long
by Accipiter107
2
Are the bond bulls in control or is it time for a break?Bonds have reached a very important level. For now this seems like a *logical* place for the *anti-reflation* / deflation trade to end, and for the risk on trade to be back. I am more on the disinflationary (very low inflation) camp, however bonds have risen substantially and it might be time to take some profits before the resume lower. I don't think we will have extremely high inflation yet and I don't think we will have the good type of inflation because things are going well. I do expect Oil to go higher and that to cause all sorts of issues and higher prices, but other than that I don't think bonds will get crushed. At least no yet. The key question for the whole reflation trade is... WIll bonds and USD keep going higher, with only US behemoths rallying or and the rest bleeding or struggling, or could we get a larger shock? Because to me if the USD really breaks out and heads for 96 on the DXY, while bonds also rally... we will eventually see something break. I think we'll soon have a better idea of where things could be heading next so it is better to be patient and take a few select trades that go well with this environment and look technically sound.
NASDAQ:TLT
by BitcoinMacro
1
The 10-year UST yield breaks its supportThe 10-year UST (nominal) yields seems to have broken on the downside, despite slightly. If this movement were to continue, then the main winners would be : - US government bonds: over the short term only. - Precious metals and stocks in this same sector, which react positively to real yield drops. Indeed, like nominal yields, real 10-year yields dropped from -0,79% to -0,84% in one day. However, the main losers of this new downside dynamic for yields would be banks, which benefit from a steeper yield curve (i.e. banks like when the difference between short-term and long-term rates increases)
TVC:US10YLong
by UnknownUnicorn12046529
2
LUNA/USDT : Masterpiece of technical movement. Bullish Moon.What a joy was analyze Luna, inverse dragon / M pattern started the correction then a W pattern / double floor make it bounce and made a beautiful cup and handle. Right now we break the handle and are cloase to break the neckline of the coup and handle which will mean a probably big bullish movement, the adx indicator looks bullish, volume looks nice. Luna born in a bullish channel that is respected with a beautiful movement. Everything fits with the fibonacci extension and retracement. When the neckline (RESISTANCE) of coup & handle breaks we could try to reach 29.32$ Conservative targets: 18$ - 20$ and 28.22. Many time making sideways made a great acumulation. Consider that the TVL is big and the price is pretty underrated. Beign one of the masterchains for global stablecoins is making a nice floor for LUNA. I would hodl this, maybe sell at targets and re-buy, I see LUNA over 50$ pretty soon.
Long
by awstian
Watching quotients can give a good edge about the market This time is AMEX:SPY / AMEX:UST which compares the U.S. stock market with the U.S. bond market. So, right now is heading to test a very strong resistance in 5.20 points, while for the last few weeks is been divergent from its RSI, all "selling signals". Normally when this quotient gives this signals is because the stock market is losing strength and a correction is on the way because the "smart money" is selling stocks to buy bonds. There's no way to predict how strong could be the correction or even if it will happen, the best thing you could do is to rise stop-loss, sell extended stocks and low stock positions. That is what I have been doing.
AMEX:SPYShort
by dpuleo19
Time for $ to shine?I believe we will start to see USD back on game... We are under trendline (3 candles below confirm trend) ..I believe next week candle will be above trendline... Trump is not an idiot.. He needs to be elected in Nov... We might have a doji candle on weekly ...that means a possible trend reverse... Plus Eur/Usd pair might have also a shooting star candle (trend reversal) All USD pairs may suffer a bit...If I am right: Bitcoin could see also a correction in next 2 weeks.... Let's see! This is just my idea. Please think for yourself !!! I am not responsible for your money.... Trade what YOU think!! Cheers!!!
TVC:DXYLong
by looky83
KNC/USD Analyzing KNC/USD was on the huge move last week and has been ATH $2 since 2017 then started falling and rejected to fall below $1,55 three times also was rejected from resistance at $1,78 three times too Now its moving up and as it looks in the graph, if it passes above $1,67, it's next target will be $1,78 If it is rejected to pass above $1,67, i think this time will start falling and break the $1,55 support and will fall till below $1.4 resistance levels are $1,67 . $1,78 Support levels are $1,55 , $1,36 Good luck.
BINANCE:KNCUSD
by The_Geronimo
Bounce Zone 1/4: $ES1! at key support levelsOver the past week, I posted a few make-it-or-break-it key inflection levels to watch as I felt we were at a key inflection point in the market. With the benefit of hindsight, it is clear by now the trend is negative as $CL1! broke below the $50 handle as did $US10Y which broke below key levels set in 2012 and 2016. After what some have termed as a negative 5 sigma event and the VIX hitting a high of 50, we should be expecting some mean reversion on the VIX as it is a mean reverting animal at the extremes. Since the VIX is a derivative of the SPX volatility, by extension, equity markets are mean reverting at the extremes. Last night, Friday 28 Feb'20, the $ES1! entered into the bounce zone as did other key equity indices. For $ES1!, the bounce zone is combination of factors:- --> since 2018, the 2800 to 2900 region has been a key resistance and support levels as evidenced by the number of peaks and troughs over the last 2-ish years. This is confirmed by the clustering of SSR; SSR are volume-based support and resistance levels and a good indication of buying/selling activity. --> Last night price action formed a classic Japanese candlestick hammer pattern. Hammers are reversal patterns. --> This past week price action was simply a mean reversion to the long-term weekly mean. Despite CNBC telling us equities are in a correction, it is not. Gravity did its work and reverted the $ES1! to its long-term mean PERIOD. For a real correction, we would need to break down from the long-term mean which brings us to the last point... --> Tops are complex and bottoms are messy but it is never a straight line up or down. As I mentioned in one of my previous post, if you had gotten your asset allocation right, you would be sleeping sound. If not, take a deep breath, don't panic, wait for the bounce and sell into strength.
CME_MINI:ES1!Long
by WellTrainedMonkey