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Consolidation

TOTAL2 vs BTC.D - Signs Of Potential Alt Season To Come When you compare Total Altcoin market cap (Crypto market cap excluding BTC) side by side, you can see that when BTC dominance (BTC.D) falls is usually when alt season happens. When BTC.D goes sideways, altcoins tent to do the same or even consolidate for a while, like we've seen for the last year or so. An a chart altseasn is marked in green, consolidation/sideways movement in yellow and in blue is when crypto winter comes. After BTC topped in Dec. 2017, BTC dominance continued to fall as BTC went into a retracement. Altcoins continued to rally into this moment. After that The whole market crashed and BTC dominance rose significant. This is a typical sign of bear market. This time is a bit different. After BTC made first ATH in 2021 and had its first major selloff, BTC dominance started to go sideways while altcoin market cap (TOTAL2) capitulated. BTC dominance than actually continued to go sideways even after whole marked crashed which does show a sign that the bull market, at least for the altcoins is not over. If it would be over, BTC dominance would have to be rising right now a lot, but it doesn't. Instead it is looking like it will continue to crash, which is a very good sign for altcoins. Remember that time is irrelevant here as no one knows for how long and when things will play out. I am very positive that it will come while BTC will slowly be rising into a retracement. DISCLAMER: I am not a financial advisor so non of this should be taken as a financial advise. Be well.
CRYPTOCAP:BTC.D
by AVA37
2
Directional Traders Beware of SPX Chop AheadPrimary Chart: SPX Symmetrical Triangle Suggests More Chop Lies Ahead Larger-Degree Symmetrical Triangle Suggests More Chop Looms Ahead in September 2022 SPX has formed a larger-degree symmetrical triangle on the daily time frame. This is shown on the Primary Chart above. The triangle is valid because it is composed of a series of at least two or more rallies and declines lower. The two major rallies that touched the higher trendline ended on March 29, 2022 and August 16, 2022. The higher trendline connects as well with the January 4, 2022, high at 4818.62 SPX. The higher trendline of the triangle is essentially the downtrend line for this entire bear market that started at SPX's all-time high on January 4, 2022. And the lower trendline has been touched five times, starting at the June 17, 2022, low. A triangle is essentially a consolidation pattern. This is why chop may be in store for SPX in the weeks ahead as the apex of the triangle nears the price. Note how price founds support this week at the triangle's lower trendline (an upward trendline) after a vicious selloff that started at the August 16, 2022 peak. Symmetrical triangles are also called coils because price and volume contract as the price range narrows as the pattern progresses. Price has clearly contracted because price has been contained within the triangle's converging trendlines. Volume has also contracted somewhat since the lower trendline of the triangle began to form at the June 17, 2022 lows. (Volume is not shown on the primary chart above.) If the lower trendline is broken, price will likely begin a substantial directional move. A measuring objective for a symmetrical triangle takes the maximum distance of the triangle at the June 17 low and projects that from the breakout point. But note that a backtest often occurs to wipe out any traders who jumped into positions on the breakout. VWAP and Gap Area Could Draw Price Back into Triangle Next Two Weeks The YTD anchored VWAP lies at 4217 SPX. This VWAP currently sits right in the center of a major gap from August 19-20, 2022. Price could be drawn into the triangle again for an attempt at this gap file and retest of the VWAP. This is not necessarily a high-probability target given that daily trends have turned down, but it is a plausible target with a rational explanation, especially since price stopped falling right at the lower trendline of the triangle last week. SPX Resistance and Support Levels to Watch This Week Key levels of resistance and support are shown on the supplementary chart below. For tomorrow, SPX will need to move above 3941 and eventually 3980 and 4000 for a move back to the center of the triangle to be sustained. The center of the triangle lies right near the head and shoulders neckline (see linked post on SPX H&S pattern where SPX broke down on August 26, 2022. This head-and-shoulders neckline at 4125-4130 also represents an area of resistance and a plausible target for SPX to rally to before resuming any decline. If the upward trendline that is the lower edge of the triangle breaks, then the outlook becomes more immediately bearish, though a whipsaw move may be expected in this very tricky market. The lower edge of the triangle lies at 3915-3925 over the next several days. This is a major level to continue to watch. Coinciding with this upward trendline (lower edge of triangle) are key Fibonacci levels at 3870, 3899, and 3941. Supplementary Chart A: Key Levels of Resistance and Support for the Next Two Weeks Short-Term Targets to the Upside and Longer-Term Targets to the Downside Ichimoku Cloud support also aligns with these support levels identified. Because of such strong support coming in around 3870-3925, from Fibonacci, up trendline at the lower edge of a larger triangle, and Ichimoku cloud, my forecast is that price likely bounces into mid-September 2022. Conservative upside targets = 3997-4003 and 4023 and 4062. Each target will become more likely if the lower target just beneath it can be met and held first. Supplementary Chart B: Key Ichimoku Cloud Support at 3921 Supplementary Chart C: Key Ichimoku Resistance at Kijun Line (Blue) at 4003 While this post leans cautiously long in the very short term, in the longer-term, this post suggests that the bear market will likely continue given the macroeconomic environment and the Federal Reserves continued policy of tightening financial conditions . The lower trendline of the triangle may break to the downside later this year in October or November 2021. Or perhaps a breakout to the upside occurs to fake out market participants before another major move lower—this type of price action can occur with symmetrical-triangle consolidations. SPX 3870 and 3721 (July 14 low) both are likely targets for SPX price in the coming months, though no prediction about when price reaches these targets is made. It also helps to keep an eye on interest rates and whether they continue holding their own upward trendline, and whether they chop or continue exploding higher. Supplementary Chart D: Interest Rates Represented by TNX (10-year yield) Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. SP:SPX TVC:SPX OANDA:SPX500USD EIGHTCAP:SPX500 CME_MINI:ES1! BLACKBULL:SPX500 VANTAGE:SP500 AMEX:SPY
SP:SPX
by SquishTrade
11
ARRY - Array TechnologiesTop notch stock in the best group in the market right now (solar). Holding up well during the recent pullback in the broad market. It won't be able to buck the trend forever, but if the market as a whole begins to bounce or even just stabilize itself, it could allow this (and the other solar stocks) to really take off. The other two solar stocks on my focus list are SHLS & ENPH which arguably have cleaner setups, but the massive growth numbers draw me back to ARRY.
NASDAQ:ARRYLong
by apaqu
But Long-term, Something else. Hey Everyone, DOTUSDT still looks bearish to me, in the short term mostly as I explained in my last post about ETHUSDT. (link down below) In the last few days, the market has been consolidating without any swings that we used to see before. The mid-term trend is bearish, and we are in a symmetrical triangle right now. At its support precisely. We are most likely going to reach the next major Support (in white). However, looking at the long-term chart here and the MA plotted on the RSI, I saw that the RSI reading had crossed the RSI MA, and it is now retesting it. Usually, RSI MA works as the usual moving average but on a momentum indicator. This is a super-bullish factor for me, but still, this is in the long term. So, until we see an opportunity to enter a bullish market, this might take from week(s), to month(s) but probably before the end of this year. I have also noticed this pattern on multiple big-cap coins like VETUSDT and ETHUSDT.
Long
by yassin_khanji
GBP/CAD: Consolidation; updateGreat Britain Pound/Canadian Dollar could to forming consolidation zone that we need to be carefully. I know that price doesn't make any break out and we see a possible market trap in this zone that you must to keep away. For that I closed up manually my trade in the afternoon without any loss or earned. But now, I'm watching a liquidity zone that if GBP/CAD make any manipulation in this market trap, we could to entry in the red points $1.5210 CAD and not far like $1.5190 CAD to entry at favor of the manipulation. Because sometimes Forex market could to forming this movement very hard for amateur, but very understood by professional trader in Forex market. Now, remember that we're in the bearish channel, but price could to make the following movement to confirm the resistance at $1.5362 CAD as possible to found out a good zone to bought in this par. So guys, at the moment, I dont see any long or short, as we would to still pending in the interested point to watch.
by harisonhbn9718
16 Year Cycle of Growth and Consolidation 1948 to 2022I think I have found a pattern of growth and consolidation of the economy and thereby of the stock market, where growth happens for almost 16 years and then it cools down for another 16 years. Growth Phase 1 - 1948 - 1968 After World War 2 from 1948 there is huge growth in the world economy causing the SP500 to surge hugely from a low of 14.5 in 1949 to 108 in 1968 a massive growth of 660% over a period of almost 20 years, which means if you have invested 100$ in 1948 after 20 years you would have 760$ a 7.6x return. Consolidation 1 - 1966 - 1983 With massive growth comes massive stagnation, and consolidation is a part of the economic cycle, from 1966 to 1983 SP500 only grew by 97%, 97% for a period of almost 17 years, if you have invested 100$ in 1966 after 17 years of wait you would only have 197$ which only 2x return. Growth Phase 2 - Tech - 1982 - 2001 Integrated circuits, the tech that revolutionized the way we live, on the way of changing our lifestyle they have also created an enormous amount of wealth, from 1982 to 2001 sp500 grew by almost 1350% over a period of 19 years, if you have invested 100$ in 1982 you would have 1450$ 2001 which is a whooping 14.5X returns. Consolidation 2 - 1996 - 2013 Consolidations are the time when if you are unlucky you wouldn't have made a dime in return even after waiting for 15 years in SP500, from 1996 to 2013 SP500 only grew by 120%, which means a 100$ invested in 96 only gives you 220$ in 2013 after waiting for almost 17 years all you would have is 120$ extra a measly 2.2X. Growth Phase 3 - 2009 - ongoing Finally, we have reached the phase we are currently living in, this is the phase where the dot com companies have become the blue-chip stocks that decide the fate of our economy, since 2009 SP500 has grown tremendously from 733 to the peak of Jan 2022 of 4750 which is almost 550% in growth, meaning if you have invested 100$ in 2009 you would have almost 550$ at the peak of Jan 2022 a huge 5.5X return in 13 years. Since I don't have pro membership I couldn't add images to the post.
SP:SPXLong
by bhanu.chandaluri
QQQ Selloff or Rally? Learn how to Read Charts, Remove Bias.I discuss five indications that traders need caution on QQQ (and market generally) instead of expecting an immediate directional move. This video demonstrates how to use chart analysis to form context for placing trades. By understanding the daily chart, traders can then look for good trade entries on smaller timeframes. I also created this video to counter all the directional predictions on Twitter. When developing a trade idea, consider how long it may take for the price move to happen. While channel lines and RSI may seem basic, these are some essential indicators that tell a story of what is happening. Successful traders may find this dry or unhelpful. I have recorded this for newer traders, and really for anyone who still needs to master chart analysis. If you are still copying trades without seeing your own confident setups, then watch this video.
NASDAQ:QQQ
by OptionsRising
9
BTCUSDT - ConsolidationHello guys! Finally, we continue downwards, it's high time to do another analysis. I am preparing for two scenarios: 1) The price will accelerate and break through our marked demand zones like nothing and this will create a very strong resistance for the future at a higher TF. 2) The price will slow down and a potential consolidation on the D TF will begin - I am currently preparing for this option. BTCUSDT, here as you can see I have marked the supply and demand zones that I would like to trade if we get into them, we are currently set for a potential consolidation at D TF, so I am waiting for the marked demand zones to be reached and then a subsequent purchase. Always be careful, shorts are much stronger than buys. IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Long
by TraderDominik
2
ADAUSDT - ConsolidationHello traders, as with BTC, I see a very similar analysis for other cryptocurrencies such as ADAUSDT, I will expect a selling reaction from sell zones at H1 (orange zone), but as I expect a possible consolidation, I will also look for buying opportunities in buy zones. In the event that the price moves above the sell zones, I will start looking for opportunities to buy into the potential consolidation of the daily TF IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
by TraderDominik
BTCUSDT - ConsolidationHello traders, the price is in the demand zone of the daily TF and therefore BTC is slowing down, however now I expect a consolidation of the H1 TF. This is the reason why I will now focus on selling in sell zones and buying in buy zones. There is no reason to complicate the analyses, make them as simple as possible and they will work for you :) IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
by TraderDominik