nasdaq futures rally. but stand aside.Daily momentum is bullish but Weekly momentum is overbought. Profit potential on the upside is minimal and thus long trades would not be advised.
For those who are currently in the market, the rally should at least tag the 148.62-148.85 price cluster where stop losses should be tightened and trailed for part of the long position. There are two more price targets which are at the 162% and 262% external retracement levels of the last drawn wave, where the remaining positions could be trailed. The larger market structure is completing wave 5 of the impulse wave. This rally should continue with the high forming around the 30 March- 5 April time window. Short trades should only be considered after this period after a bearish momentum reversal on the daily chart.
NAQ trade ideas
NASDAQ FORECASTPrice at ranging state since Jan'21 and currently has a slow momentum as the price maintained in channel that doesn't break any support or resistance. My expectation to see the price touch previous demand zone and buyers might be interested to go long. I'll just wait until the price react nicely in my demand zone.
NASDAQ 2020 crash effect on CRYPTO(BTC and ALTS) So here in this chart analysis we can see the reaction that BTC and Altcoins had on stock market crash of NASDAQ by comparing each chart side by side. It's a more visual chart showing the percentage of that cryptos in the drop and how much time took for. You can see dates and percentages that selling before the drop and rebuying the dip would result,the growth would just be made by the market correction.
It's funny because the crypto community had a previous fall, so in a way that it predicted as well anticipated for the Nasdaq crash.
"Hope" that doesn't happen again with a market bubble that we have now.
By the way sorry for the messy chart, this is my first analysis.
Time for the Interest Rates Shock to go Away!People were shocked about interest rates, and I get it. I too was shocked and not happy with what was going on. However, for a week that was a bit on the redder side for the market, I hope instead of panic selling, everybody bought dips or took advantage of the swings. Whenever you have a high growth stock in the red during a red day, panicking is usually the worst you can do. That said, invest at your own risk. Do your own due diligence. Everything I say is on an opinion based basis.
2021 APRIL STOCK CRASH IS COMING BEWAREThis is based on a gann.
Nov 2008 bottom was $14.96. At an average of $1/month, you can count 149 months. This comes to April 2021. The bottom will be squared off with time at a price of about $163.96.
This is based on gann's technique of squaring price with time to predict market cycles.
Thanks for looking.
What is a Head and Shoulders Pattern?In this chart we see a very common head and shoulders pattern. It forms a right and left shoulder that are both lower than the head of the pattern, and the chart appears somewhat symmetrical. It has the entrance to the pattern coming from the bottom (it starts coming up not coming down.) This pattern is often a sign of a possible reversal, but is only a true signal when the price dips below the resistance line, which is yellow in this markup. When this decision happens, it can signal a bearish trend - and it is a common place to enter a short position. This is shown in this chart above where we see a 4-5% dip soon after the breakdown.