Wallstreet
S&P: Bearish reversal (2,950) with invalidation level.As per our last study, the +100 pip target has been reached:
The index has approached the Higher High zone of the 1W Channel Up (RSI = 64.884, MACD = 62.620, Highs/Lows = 78.1742) and the 1D RSI is close to the 71.30 level which since February 2019 has always caused a pull back.
When on the Higher High trend line of the 1W Channel Up in particular, the 71.00 1D RSI level starts a bearish sequence that drops all the way to the Higher Low trend line, with the 1D MA200 (orange) acting as the Support.
S&P is now on such a spot and if this pattern is repeated then we are looking at a Higher Low contact with the 1D MA200 at least at 2,950.
Attention is needed however. As per our last study (seen on the chart above), it is possible for SPX to start a new 12 month aggressive bullish sequence if 3,150 breaks (similar to what happened in 2016/2017). So be ready to exit this trade in time if you are a long term trader/ investor.
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Possible reversalPrice is at a strong area where is has acted as support and resistance in the past, If price break above the resent high we wait for a retest of the structure
Look for Pin bar, engulfing candle to enter a long position
What do you think???
Bitcoin to Enlightenment - Dive In Pt. 2Btc doesn't have to be perfect it just has to work
US Fundamentals:
Repo markets pumping 120B into US toxic assets
124.000 homeless people living in California alone
Active Fed Rate Cuts - 7.50%
Housing Bubble
100.000 Job Layoffs
Hong Kong & India Global Bank Closures
Protest/Riots All around the world around the same time
Bullish Sentiment:
10.7M Btc Currently Circulating
7M Loss forever - misplaced hardware and forgotten passwords
18th M Mined
1.6M in exchanges
China Accepts Blockchain
Europe Accepts Blockchain
Dubai Accepts Blockchain
Bitcoin & Blockchain Education is part of the School Curriculum (Nov 1st, 2019)
Fun TA Tip:
When a Long Leg breaks and prints over a resistance trendline there will always be a short leg to a pullback before the next push to the upside its only (MATH) Fibo's and Measurements.
For the Bitcoin Bear Retards:
look at May 30th, 2019 (yeah it's not going to happen) whoever says bitcoin is done those (you) inbreds must realize that the wealth distribution is a factor, and that 95% of the world still using the USD as a reserved currency which is bear trap and only 0.8% of the world trades bitcoin whoever moves the market negatively is bitcoin bears with USD capital trying to hold a Fiat that's going to lose its value after Not QE4EVER (Inflation) Good Luck
P.S Us Millenials are Fucking taking our world back (Electric Cars, Charitable Liquidity, Decompostable products, Decentralization, and Self-Governance
DJI update: fake news and almost free money. The DJI is approaching an all time high of about 278400. This market has become pretty volatile mostly at 30 - 50 minute charts.
Although the DJI is pushing north madly, it is a market that is being moth eaten. It's instability is likened to a Jenga tower. The instability is also seen in trend switches down to the 5 minute level.
GBPJPY LONG BIAS TO 141.70REASONS:
-Monthly Timeframe candlestick is bullish
-Weekly Timeframe candlestick is a bulllish doji with seller exhaustion (wick at the bottom of candle)
-Daily Timeframe candlestick is bullilsh and the previous 4 candlesticks have sellers exhaustion (wicks at the bottom of candles)
- Lower Timeframes correlate with higher timeframes
My Purpose:
I am executing projections and trades that create generational wealth for myself and others.
Sidenote:
Always optimize. Your phones and PS4s update themselves , make sure you do that with your life!
Learning & Applying PRICE ACTION is key. Learning & Applying PSYCHOLOGY is the lock on the door !
GBPAUD LONG BIAS TO 1.90000REASONS:
-Monthly Timeframe candlestick is bullish
-Weekly Timeframe candlestick is showing sellers exhaustion (wick on the bottom of candle )
-Daily Timeframe , the past 4 candlesticks showing sellers exhaustion (wicks on the bottom of candles)
-Lower Timeframe correlating with higher timeframes
My Purpose:
I am executing projections and trades that create generational wealth for myself and others.
Sidenote:
Always optimize. Your phones and PS4s update themselves , make sure you do that with your life!
Learning & Applying PRICE ACTION is key. Learning & Applying PSYCHOLOGY is the lock on the door !
Dow Jones: 5H Golden Cross points to one last High.DJI has been trading inside a 1W Ascending Triangle (RSI = 55.808, MACD = 272.600) since June and is now approaching the 1W Resistance. Currently the Golden Cross formation is emerging on the 5H chart and based on the last 3 times that pattern printed, the price made at least one more High.
In January 2019 it made another three Higher Highs, in June again three and in September one. That leads us to expect at least one more High which could be lower than the 1W Resistance as since July each High is slightly lower than the previous on the 1W time frame. As a result our target for this is 27,250. If the index breaks below this week's bottom then the pattern is invalidated and you should be ready to close your position.
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WALL STREET (DJI) - IN CRISISBRACE! Anything can happen in the next few days. The DJI is at a critical zone on the weekly. 'Everybody' is waiting for more QE and lowering of interest rates. In other words the FED is likely to blow the bubble even harder.
But there are crises in the bond markets and currency markets that weigh on this market. So fear is not just about stocks in the market itself.
Disclaimer : This is not a recommendation or encouragement to trade securities. Your losses are your own.
Bank Of America (BAC) Calm Before The StormBank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has been failing. There is still much to go for the rise before this stock can become stable again. It will need to take a wild spike along with some sort of unimaginable great news to spike prices back up that high to over $54.00/share. With that being said, I will stick to my technical's and as of now it is bearish. The chart along with my own technical analysis should explain the rest to the crowd. Just be patient and avoid greed in these times of uncertainty. I am prepared to go long if price signals me to do so, but my overall bias is short.
10/7 NQTagged a decent spot for a small trend shift. I was expecting a tiny bit higher but oh well. Still looking for shorts just above this range. Ill be looking for longs as well at my spots I marked. Very wide range on this one guys and gals. Be careful.
