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Fibonacci Extension

S&P500 now facing a wall of resistances. No Short Signal yet !We are clearly in an Bullish Blue trend channel with upcoming wall of significant resistances: 1. 4040$ - 200 DMA 2. 4084$ Gap fill with supply level 1.414 fib extension Weekly downward trend channel upper resistance 3. 4160$ - 4170$ Weekly resistance level 1.618 fib extension Daily Supply level 50% retracement from recent lows to ATH 4. 4230$ - Daily Resistance level 5. Max upside capped at 4330$ 2 fib extension Major supply level Conclusion : Watch for breakdown of upward blue channel in the chart to confirm the start of bearish trend again in SPX. Key dates to keep in mind are : - 12 December 2022 for CPI number. Any positive surprise in inflation kills this rally instantly. - 14 December 2022 for Fed decision on interest rate hikes - 16 December 2022 - 2022 year end Options Expiry
SP:SPX
by shivam94_007
Bitcoin - Secret Invisible Pattern! This is a secret parallel channel that absolutely no one is talking about because it's visible only to experienced traders. Don't be a noob and buy at the 0.618 FIB + 1.618 FIB + channel bottom like a pro (if the price reaches this level)! Or open a leverage position on futures here. Bitcoin is the most hated asset in the world, and everybody spits on it. The funny thing is that while the dollar has been weak in recent weeks, bitcoin has been even weaker. As you can see, we have plenty of room to go down into the abyss. I don't know if the price will go up or down; I don't really care. I am mainly a day trader, and I post on TradingView only long-term views on crypto. But I have to admit I will be interested in Bitcoin once it reaches 3k for a long-term investment with part of my funds. Setup your orders to buy Bitcoin at 10k for a massive 50% profit, because I expect a massive short-term bull market from this level! Bitcoin is basically free falling; it's an absolute disaster, and the bear party with honey is awesome. Regards, Tolberti.
BITSTAMP:BTCUSD
by UnknownUnicorn2537518
34
Bitcoin - All of the reasons why the bottom is near (in)  This analysis will show you why the bottom of Bitcoin could be very close. This is a set of indicators that tell their own story, so let's take a look at them. Currently, Bitcoin is the most hated asset in the world. Everything is rising, including gold, silver, stocks, the EUR/USD, indices, and even meta Facebook, the most bearish stock. Bitcoin is the weakest asset. You can be a contrarian and buy it. But let's take a look at the technical analysis. As you can see, we have a trendline from the all-time high of 69,000 USD to the current price. The bulls already broke the trendline, but the bear was stronger, and the price was pushed down. The trendline is currently being retested, which is a common thing in trading. There is a pretty huge chance that every trendline will be tested again. Usually, you want to buy the retest. So we have a first buy signal here. Large institutions and hedge funds regard 200 moving averages as strong support or resistance. There are two types of possible curves for a moving average. The curve can be descending or ascending. In this case, the curve is ascending, which is an indication of an uptrend. The uptrend is still valid, and this is a bullish sign. But the price is below the 200 MA, which is bearish on the other side. Then there's the Elliott Wave. This downtrend could have moved in a complex corrective structure known as a double zigzag (WXYXZ). This structure must contain 3 zigzags for a total of 6 impulses. It is really possible that it is actually a double zigzag corrective pattern, which is bullish. If we take a look at the volume indicator, we have historically had the highest volume on the Binance exchange. This is an indication of a massive exchange of Bitcoin. People are selling, but for every transaction, there has to be a buyer. Extremely high volume is an indication of capitulation and often indicates a trend reversal. During a stop-loss hunt, we typically see a huge volume spike and the price move in the opposite direction because the whales simply took the necessary liquidity.So massive volume spike can be a bullish sign. It is a special event. The next indicator is the RSI. There is a huge bullish divergence that cannot be ignored. Bullish divergence is a very powerful indication that the bears are losing steam. It happens when the price makes a new lower low while the indicator makes a higher low. This is very bullish. MACD: The histogram measures the difference between the two moving averages of the MACD indicator. The histogram is ticking to the upside and is above the 0 level. If the histogram reaches above the 0 level, then the two moving averages cross each other. Recently, we have had a bullish cross, which is a bullish signal. This bullish signal is still valid until the histogram falls below 0 again. FTX capitulation: A major player in the cryptocurrency industry has been wiped out. Capitulation is a sign of a trend reversal. When everyone is selling, it's time to buy. It looks like a lot of retail investors just sold their Bitcoin holdings. Capitulation is one of the classic phases of the market cycle. CPI data was very positive, and inflation is going down. As per my research in one of my previous analyses, I expect inflation to drop to 0% in the next few years. If you follow me on TradingView, then you know why it can happen based on technical analysis. But if you don't, no worries! You can check out the 0% inflation analysis in the related section down below! Gold is rising pretty significantly along with the DJI stock market index, which is also very good for Bitcoin. DXY dollar index is falling; the dollar is currently losing strength, but of course, it can be only temporarily. Believe it or not, but Bitcoin can rise 50% in a single week, and it can happen so fast. One tweet from CZ and the job is done. If you like this analysis and want to see more, then hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
81
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.208 T2 = $0.237 T3 = $0.279 T4 = $0.335 and T5 = $0.488 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.192 SL2 = $0.163 and SL3 = $0.103 Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
by cryptodailyuk
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 16594, if the support breaks down, the next support is $ 15706, $ 14998 and $ 14321. Now let's move to the resistance line as you can see the first resistance is $ 17688, if you can break it the next resistance will be $ 18040, $ 18343, $ 18579 and $ 19003. Looking at the CHOP indicator, we can see that in the 4-hour interval, the energy slowly begins to rise, and the MACD indicator shows a local upward trend.
by cryptodailyuk
2