Crash
BTC Crashes Below $35K, Is $29k Next?Bitcoin (BTC) sinks below $35k on Thursday. Global risk aversion amid Russia’s invasion of Ukraine has shaken the markets.
Investors bet on breaking of January lows of $32,933.33.
At the time of writing, BTC/USD is trading at $35,229.01, down 5.49% for the day. The world’s largest and most populous cryptocurrency by market cap held 24-hour trading volume at $36,562,674,794 rising almost 52%.
US30 playing out 2008 crash's patternBeen looking at the US30 over the past month.
On a weekly chart, we see sort of a head and shoulders, and just completed the final touch on the neckline. This is a repeated price pattern from the 2008 crash as we can see from the bar pattern extract below.
The uncertainty with the Russia-Ukraine conflict will either make or break this? Keen to hear your thoughts.
#NASDAQ - CRASH - 12.000 INCOMING? Nasdaq broke the recent correction lows and closed right at session lows.
If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down.
Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major inflection point in the Nasdaq chart.
That would probably be an insane buying oportunity, especially in some - at that time probably completly obliterated - high growth stocks.
---- If you wanna protect your portfolio, wait for Nasdaq to retest 13.700 from below and get rejected, that would be your lowest risk/reward short entry. Im not posting full short setups though, cause of reasons :D ----
STAY SAFE out there and good luck on your trading.
$NQ Top is In on the 1M - $9007$NQ top is clearly in on the 1M chart. Bearish engulfing candle with key resistances needing to be retested. The global economic picture is becoming more gloomy as the US defaults on its debt for the first time ever this winter (2021).
As an investor and avid study of the markets, I look for value buys with high probabilities of long term triple digit returns. I will look to back the truck up in $NQ at $9007, until then every bounce is just a distraction.
- PennyBags
CME_MINI:NQ1!
SPY - Crash is coming?-Looking at the current levels, SPY is super close to the danger zone which is at $427 and the second one is at $420. If SPY breaks below these two, we might have some serious problems!
-Alright but before panic selling, hedging, and liquidating, what is our plan? Why should we be scared or maybe not?
1) U.S debt level increased a lot during that bond purchase period where FED was infusing money into the economy, if we should talk more specifically, we are talking about $100 billion USD each month. Now we are looking at recovering from the pandemic's negative economical effects, to do so we have to implement these monetary regulations (Tapering).
-But will rate increase help the economy?
Well, it will help the dollar add value to itself for sure, but what about retail sales and consumption? People won't feel that free to take them loans and spend it as if interest rate ain't a thing. The drop in consumption might cause a possible recession.
2) Inflated market needs to chill down. During the pandemic, we saw one of the fastest rebound from the drop to the highest-highs. Tech sector had enormous gains and attention which gave a lot of bubble feeling to professional investors and the whole finance world. With the current uncertainty, all of them, especially unprofitable ones are dropping. Will they be able to hold on the game when they will have to roll their loans with bigger rates? Or will their private investors be willing to give out the valuable cash when the whole market drops, to support the business?
-A lot of these companies are not expected to get into profit zone any soon, and we are talking about the future 3-5 years. So market definitely looks more bearish than bullish.
When it comes to technicals, SPY must stay above $427 which we doubt it will.
OUR TARGET:
1) $427
2) $485
the crash is now here :[say what u want but i think it was all planned we pumped everything for a false sense of peace and success for whatever the elites motive were i think we are now seeing the biggest pull back we have ever seen question is how far do we go short ? and will we ever recover? let me know your guys thoughts on this situation. have a good day and GOD BLESS :]
DJI: It doesn't get simpler than thisThe DJI has been reinflated from after the COVID crash, by 'cheap' money coming out of reckless monetary and fiscal policy.
The value of the market has been over-inflated by some 15 times its true value.
Fundamentals are almost never seen in charts like these - which only show 'price' (not value).
A man-made 'virus' called war, looms. Not to mention - which is to mention - that the FED who have propped up this market (and others) is in big trouble.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTCUSD - Global Economic CollapseThe Great Reset Is coming swiftly manage your risk accordingly by exiting every market.
People have been disillusioned that in the event of a black swan BTC will not follow traditional markets yet looking back at March 2020 you will see.
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OANDA:SPX500USD
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The Market is Living on the Edge!A head and shoulders is either built right now on the S&P 500 weekly chart, or it is going to begin building the other shoulder now. Be watching for this new level to be the neckline and then $4500 being the next shoulder. The S&P is held up by the larger weighted stocks and many have sold off for quite some time. Some are down 20-40% already.
Global Markets Are Going To Collapse.It's finished. we see bullish signs but it is not enough the world is upside down and so will the markets be once they catch up to reality.
AMEX:VT
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
AMEX:VTI
AMEX:SPY
OANDA:XAGUSD
OANDA:XAUUSD
TVC:USOIL
FOREXCOM:USDRUB
OANDA:USDCNH
SP:SPX
CURRENCYCOM:US100
BTCUSDT: Ready for a shockwave Hello traders!
I was under pressure from buyers and I kept listening that BTC will jump and they don't want me to say BTC will fall. But the final analysis is here, I never take decisions according to my perception but I take decisions according to my methods which are derived from the Natural behavior of the graph.
My three-step formation method is completed and it's clear that the market will not break the previous 45850 high and it will go back to 34500. BTC is also forming a reversal pattern above the S/R level and it will push the price downside. This will not be a sudden dump. It will keep forming correction patterns and will break its downside.
Normally the third step never forms very far from the second formation but this time we can see BTC was pumped and it is now exhausted.
I am expecting BTC to touch 34450 price and there is also an untested broken S/R level that should be tested before any mega pump. The drop is about 21-22% depreciation from the current price.
I will update the chart on Saturday I will also keep rechecking my analysis multiple times before the update.
Thanks for your support and likes and also support this idea with your likes and follow to stay connected.
Crash averted! Atleast for now!Nifty touched some very important support lines today and after going down in the wee morning it bounced back and bounced back hard yo! Most importantly it gave a closing of a very respectable level. All the data for now like Inflation Data, Ukrainian War seems, has been absorbed right now. So instead of getting absorbed by the global factors lets just stick to facts in order of their effectiveness-
1. Oil. The bull run in oil although seems to be "supply chain" issues there is a much broader thing at play here. With even U.S asking Venezuelan oil for their own country. If the oil prices continue rising like this The govt will have to intervene and regulate the price in order to help the economy. It would definitely be preceded with a dip in the market and then reversed upon the news factor.
2. Precious Metal: The most important metal for now to keep your eyes is Gold. There already is sustained bullishness on the charts for gold If it manages To break out then we are surely in for a reversal of Cha-ching into metals and commodities. Gold is inversely proportional to the stock market. If gold starts performing then its bye bye to the gravy train the incessant bull market that has been for so much time. Overvalued companies and IPO
s of companies that are yet to list their first Quarterly Profit. Valuation would be the key. Buying the dip would just be stupid in this case, as the dip would just keep dipping and the more it dips the more fearful people would be.
3. All eyes on LIC. its very important if the shares of such an important company get listed at discount or dumps or rises, as it not only would reflect the faith of the Institutional Investors both domestic and international but would be a great forecast of the upcoming market and its direction. LIC would decide if the music is about to slow down or just stop.
And if the music does decide to stop so to speak, we may see spike in Gold, Spike in housing prices (residential) realty sector, Mining companies, and food processing companies. But not before a Frightful Red dip in the market where seeing nifty going to -20-30% would be the 'new' normal. Interest rates and banking decisions would further propel the market towards value. Buying on dips would be good for gold in such a case. Or Platinum. Or Silver. Or anything but stocks.