BTC could be making new HH ASAP!For now two ways I see bitcoin playing out, trend line we are about to face have been acting as strong resistance, once we break I believe we could start seeing new HH. Be cautious for the false breakout. If BTC go lower, I’ll be adding more to my bags around 30k NFA.
Crash
SPX the same pattern = same result ?Honestly, things in the world now doesn't look very bright.
And to be honest economy is more unstable than in 2020 crash.
The FED will raise interest rates in March which can cause next crash.
It almost looks like the COVID crash, but it's longer
The crash will be the best thing that can happen now, because if it goes just up with such a high inflation, then the next crash can be more severe.
NYSE Stopped on a ton of Support Here's an overview of the NYSE exchange and some key reasons why we have a hard stop here. If we continue this downward pressure we will break all of these lines of support. All of the lines are on the chart are drawn, form support! There are alot more but these are the ones the mean the most. Smaller time frames under the daily indicate a Double bottom, but the weekly and daily are key and we are sitting on good support. Surely this bull run from COVID is coming to an end? The monthly indicates a very indecisive market right now, which is barely Bullish. If we expect anything like February 2021, we are in for a rocky month or so ahead.
Mid Feb. Bitcoin to hit $30,000. Buy or sell?Just a quick video breakdown. As you can see a trend building here over the last few weeks, it's likely that trend will continue to true support. That level is very clear at $30k and looks to be pretty heavy support. It is possible we enter the winter and head into that $20k rang or possible a collapse tot he $12k range over a period of many months of volatility. Of course, at that point it's time to back up the truck. A lot of political items going on right now as well so keep these in mind as they may trigger a sell off that goes beyond technicals. I have buy orders set on other crypto in their support zones to prepare for overnight sell offs as an opportunity to catch a clearance sell.
BTC - The only trading signals you need.RSI, MACD, EMA, Bollinger Bands, SMA, Volume.
Are these useful or actually just noise? Which one can help predict, or are they good at being lagging indicators?
Honestly, the simplest method of getting in and out of a trend trade (a trade that lasts a few months) is simply plotting a line that shows the uptend support and the downtrend resistance.
Look at BTC in this example, simply following the trend lines and exiting when they are broken from an uptrend and entering again when they cross through downtrend resistance, you save yourself stress and capture most of the major move.
The biggest limitation in the market is yourself, your greed and your patience. Follow the simplest rules and stick to them. Be happy with smaller gains that are consistent and stop trying to buy perfectly at the bottom and perfectly at the top.
TL:DR - Trade with the trend, just plot simple upward support and downward resistance lines. Buy and sell when these are broken.
SPY LOOKING BULLISH AGAIN? 👀What a finish on Friday! The bulls came rushing back as AAPL earnings outperformed, and Biden has a press conference at end of day. The index closed at a key resistance, in a so far, very strong wedge. It also broke it's January down trend and the 50MA. ✅
Will SPY breakout or continue its wild consolidation inside this wedge?
NEXT MAJOR RESISTANCE: 447.50
NEXT MAJOR SUPPORT: 434.0 - 435.0
SPY 15 minute (Zoomed In)
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(US30 4H) Yes... A little dramatic but US30 If we can't hold support I see a 20% correction then we will see how people feel after that.
We have been going up since I have been born lol. Another big dip would defiantly improve its chances in making a new all time highs for the future, but feel detrimental short term.
KEY LEVELS:
SUPPORT - 34000
MORE SUPPORT - 29092 THE VERY WORST POSSIBILITY BUT...
If we see a DAILY candle break below this red line (33,140) We're Ducked quack quack
Happy Friday Traders
NIO ShortTechnical Analysis behind my short position on NIO. I have been watching this triangle channel for a while now and with this last week, it appears it has strongly broken out of that candle. Before entering a position I am waiting for it to retest the bottom support of the triangle.
Just speculation :)
WHERE IS SPY HEADED - SHORT TERM? In the chart above, I have marked two separate trends/ wedges.
SPY loves to form wedges. The orange, diagonal line is a trend that has been followed since January 10th. The orange horizontal line is a key support range. I expect both of these to conjoin, forming a wedge in the next few days.
The yellow lines showcase a wedge that has already formed, and that SPY has been contained in since January 24th.
I expect SPY to test the 420 range two more times. The first time, rejecting and bouncing back to the top of the orange trendline. The second time, possibly breaking through to 416, and then further to 410.
On the 1hr chart, we also finished with two Hammer Candles, that both have long wicks and a bit of a Morning Doji Star. In the premarket so far, we are .22% lower than the previous day.
Unless these wedges have a complete break, I will shorting (at least until the 420 price range.)
Do not fight the Fed Market is setting up to crashThere a millions of market viewpoints. The nice thing about tradingview is that for the most part the viewpoints are technical in nature.
Put simply the technical viewpoint I want to show in the chart here is that the nasdaq composite is under heavy selling pressure. We had a rebound today January 10th, 2022, but it was nothing more than an intraday rebound. The weight of the evidence still points to down market and accelerating down.
The narrative too often even from technicians is that the market will bounce, is due for a bounce, will bounce make a new high first, finds support etc etc.
Well guess what, sometimes the market does not bounce that much or even find much support. Sometimes it falls really hard and *drops like a ROCK*. Sometimes it just goes down and *stays down*. Sometimes it will go down 5 limit down days in a row without barely a bid.
So the chart pretty much says it all. If we view the peak in the Nas composite as November 22, 2021 then we count the number of days until we reach last support and then peak selling climax. The current nasdaq time frame is *barely* holding onto support. Today's one day reversal candle was not a victory, just an intermission.
The key aspect of the overall chart is the *Final Rally* that occurred in December 20th, 2021 to December 28th 2021. That rally was a suckers rally and was orchestrated so that the big money can sell and sell really hard. That same final suckers rally also occurred in 1987. It gave the appearance to most market participants that the market was setting up for another new high, new bull trend, new rally and all is well. And yet those dreams were dashed, and then came the rapid bearish engulfing with a speed and force that most are not prepared for. The SPEED of the price action down is what causes most people to not be able to react quickly enough and get out in one piece.
I certainly do not wish a decline as severe as 1987 but we just have to look at the technical price structure and make an honest assessment and take it from there....
Bitcoin to $20,000!? Taking a quick look at the market to build some planned buying zones. Yellow shows you the dollar zones I am looking at. Parking dry powder with some limit orders is your best option here as some exchanges have larger liquidity drops than others. I am not sure if we will head to $20k but that probability dramatically increases if we break $30k and our support line becomes resistance. If we do head there I believe it will be short lived. Watching the news on Russia, Evergrande in China exploding, FED talking or walking, and the commercial real estate market in the next few months finally showing their defaults hitting financial stocks. There is a lot going on in the short term so be nimble, be quick, or trip over the candle sticks.
SMC !! BASED ETHEREUM (ETHUSDT) 1H IMBALANCE FILL SCENARIO 1/2As you can see, ethereum created an institutional imbalance (IB) that it has to fill, if it doesn't complete the double top scenario:
It will therefore rise to 2.56k before dropping back down to its recent bottom at 2.32k and then taking its way down to 1.7k:
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ETHEREUM (ETH) DOUBLE TOP (SCENARIO 2/2)THIS IS SCENARIO 2/2
If ethereum completes a double-top/M pattern, it will probably fall below the 2k range.
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DJI: Why it could go southIn this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture.
In particular I look compare squeeze momentum and RSI patterns in both periods.
There is always 'hope'. But hope doesn't rule against market crashes.
This is one hypothesis - not a prediction.
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.
BTC Accumulation - Ranging for 6 to 8 weeksBTC is in a precarious and slow position. Affected majorly be the larger economy, rising interest rates in March, instability in Ukraine and general Corona recovery but weak economy - we're going to get thrown around.
I would expect BTC to stay range bound between the hard tops at 39-40k and the hard low at 30-25k. This will give a middle range and a no entry area for me in the 35-36k area. When in the middle, you are truly gambling with entries and exits.
I'm currently sat 95% in cash and being patient whilst I wait and be greedy for my entries on the low side, or shorting on the highside.
On smaller time timeframes like the hourly, BTC hit its 0.5 Fibonacci level from its recent push down and rejected hard. This doesn't give me confidence.
We're in accumulation territory. Use this time well.
BTC Detour to 40kBTC Detour to 40k
I think we’re taking a detour to 39,600 - 40,800 range. Then will continue downwards, finally hitting that 28-32,000 range.
So I’m Bullish In the Short term and Bearish, after previous resistance.
Then we Moon.
I think there are way to many whales in crypto now and don’t see how the price is this low, so I hope we bust through 40… But becoming familiar with BTC’s chart, it looks like Bears aren’t finished yet?
Laugh now, Cry Later QQQ Buyers have a week to prove me wrong.
As you can see this does not look good, buyers seem to have delusions of grandeur.
I'm sitting in cash slowly shorting assets I see weakness in, you will see what happens soon
Cryptocurrency will crash by the way when Satoshi trial happens.
NASDAQ:QQQ
TVC:NDX
CURRENCYCOM:US100
SP:SPX
AMEX:SPY
FOREXCOM:SPXUSD
OANDA:SPX500USD
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
COINBASE:ETHUSD
Perspective on just how much this bubble will blow upLook at how overbought this market is......the rest of this year will be gross! Slow down and even a reversal in Fed Policy. Don't fight the fed. They are now removing liquidity from the economy. Take profits and short or wait on the sidelines in cash...