ETH - UnTiL wHeRe tHe BuLL RaLLy WiLL gO ?Greetings traders!
I am sharing to you today one of my COINBASE:ETHUSD Elliott Waves analysis.
That one is bullish until the summer '23
Fibonacci Extention from the bottom of the orange W to the orange X in order to find the orange Y
Fibonacci Retracement of the purple WXY, in order to know where the objectives converges to be more precise
Fibonacci Extention of the blue (ABC) to find the blue (C)
Fibonacci Extention to find the green extention 3 wave
Fibonacci Retracement to find the green extention 4 wave
Fibonacci Extention to find the green extention 5 wave
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves, from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private if you are interested
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Don't hesitate to comment and check my other idea
Recession
ETH - While the masses are BULLISH, Elliott tells you to SHORTTTHey guys,
Been a long time isn't it?
I'm back for new analysis.
Don't worry, the bull rally isn't over, we are just shorting hard in order to have a 50% of bullish variation just after.
I will upload my Elliott Wave long term vision for the different chart that I analyse: SP:SPX ; NYMEX:CL1! ; COINBASE:BTCUSD ; COINBASE:ETHUSD ; FOREXCOM:XAUUSD
I will explain how I count my waves and I found my objectives
FOLLOW ME TO NOT MISS ANY OF MY FUTURE PLANS
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
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Don't hesitate to comment and check my other idea
Will The U.S Dollar Collapse ?OANDA:XAUUSD
Currencies fall for various reasons and they include:
1. Political or economic disorder
2. Hyperinflation
3. War
4. A labor market decline
5. Recession, among various other reasons.
1.The United States has weathered several political and economic disorders since its formation in 1776. The country was on the brink of collapse during the Great Depression in 1929 but successfully weathered the storm in 1939. Not only did it withstand the Great Depression, but it also fought World War II with valor the same year. The will to overcome all odds is in the blood of Americans come hell or high water. Therefore, the US has more chances to overcome political or economic disorder due to this very spirit.
2 Hyperinflation
Inflation in the US is high but has not reached hyperinflation yet. The Federal Reserve managed to bring down rates from 8% to 6.5% and are rowing the boat, despite muddy waters. Hyperinflation taking over the country with daily essentials becoming 50 times more expensive might never be a reality.
3. War
The US is technically not at war but funds wars overseas, be it Ukraine, Syria, and Yemen, among other countries. A rogue nation attacking the US since 9/11 is nil, and the country is not at war today. The US is more equipped to handle and thwart terrorist attacks today than it was ever before.
4. Labor Market Decline
The job markets remain robust despite several leading tech firms firing thousands of employees since 2020. Businesses are thriving, and jobs for small and big-level employees remain open for hire. Though the job markets remain on shaky grounds, it managed to sustain and grow, even in muddy conditions.
5. Recession
While talks of a recession are growing louder, a recession has technically not hit the markets yet. Both the stock and cryptocurrency markets are doing favorably well in 2023 and generating decent returns for investors. However, a recession cannot be ruled out, as there’s pressure on the financial markets.
Considering all the above points, the US stands in a favorable position with the only recession being its weak point. Moreover, since a recession is yet to arrive (or might not arrive), the weak point can be removed for now. In conclusion, the other sore spots can be worked upon and brought under control in the coming years.
So Will The US Dollar Collapse?
BRICS is yet to finalize a new currency in the upcoming summit in South Africa. The problem with BRICS nations is that decisions are not made swiftly and quickly due to various factors. Asian countries working with each other is not as easy as said.
The factors involve India’s broken relations with China and vice-versa. India and China have always been on the wrong ends, and the bitter political disputes could only make things worse.
Technically, the US dollar is backed as the default global reserve currency with billions worth of trades being executed each day. The US dollar has a special status globally and is considered one of the safest currencies. The United States is still the biggest economy in the world with an annual GDP of around $23 trillion.
Even if the US falters, it always has and will find a way to remain at the top and be an undisputed global leader. The Great Depression is one big example of how nothing is impossible for Americans to succeed in troubled times.
$NVDA AccumulationOne of the industries I'm looking to accumulate heavily in the bear market is AI and Tech. Nvidia is a leader of it's field and will be one of the main companies that rises from the ashes better and stronger. Nvidia went on a crazy run 6 years going from around 7USD to 300.
It's now down 50% from its ATH and like most stocks, I expect them to keep bleeding through 2023 and 2024. I'm a buyer below 100USD laddering down to 40USD-50USD.
I expect this stock to perform very well over the next decade.
Gold BULLionGold flipped the previous resistance as support and now broke out of a channel. With the economy in dire straits, cash money looking rather unattractive and stocks overvalued I expect a strong move on gold in the following years.
Chart isn't overly analytical. Just a rough idea based on past performance.
What to watch in Q21. Any more bank failure?
Bank crisis stabilized after UBS takeover Credit Suisse and First Republic Bank had been injected deposit to restore confidence. We can’t rule out any bank failure in Q2, especially the collapse of Lehman Brother was after the rescue of Bear Stearns. Having said that, the material different between now and the global financial crisis is the asset quality, that the subprime loan is basically at default while the long-term treasury and MBS many banks are holding now can recoup the floating loss if they can be held until maturity. Situation will improve with time. The drop of treasury yield because of risk aversion is also a self-cure mechanism that reduce the floating loss, and lower depositor’s incentive to move money out from banking system. Therefore, the level of Treasure yield is an important factor to determine whether a bank run might occur again, since higher yield means bigger deposit outflow to seek better yield return and a bigger loss of bank asset. The resurge of yield will worsen the sentiment and dampen confidence. Another good indictor is the size of emergency funding facilitates that Fed is providing to banks. If there is a sudden increase on the size, this could imply there might be another bank in trouble.
2. How lending be impacted after the bank crisis?
Although Fed set the policy rate, it is the Bank to lend money in a rate they desire to the business and individual. In order to improve and avoid further deterioration of asset quality, Bank might take a more conversative approach in lending. The outflow of deposit also reduced Bank’s ability and willingness to lend. Since FDIC is asking Banks to pay the bill for saving SVC and Signature Bank, together with US government is seeking a tighter regulation for banking sector and many bank need to increase deposit rate to keep deposit, higher capital/operating cost might make Bank more selective and ask for higher lending rate to compensate the cost, that is not good for the whole economy.
3. Inflation trend?
Even OPEC+ surprised the market by cutting production that boost price, Energy should still strongly pressure headline inflation downward in Q2, especially on a YOY basis. NYMEX WTI crude oil above $100 most of the time in Q2 2022 and reached $123. Compare to current energy price, there will be an obvious negative impact in headline inflation. The delayed effect of lower property price and rent should also drive the inflation lower. We have seen some signs of lower service inflation, and if banking crisis harm business confidence, we might see a less tight employment market and a less wages growth. Despite OPEC+ action might make thing a little bit complicated, we might still see some decent drop in inflation in Q2.
4. Fed to end hiking cycle after May’s meeting?
May could be the last hike in this cycle. As mentioned, the inflation is cooling down and bank crisis will hurt the economy. Fed will also avoid hiking rate too much that will drive the Treasury yield up that might refuel the bank crisis. February Core PCE is trending lower, so as long as inflation doesn’t accelerate, a full stop of hiking cycle after May’s meeting will be a reasonable bet.
5. Recession possibility?
Inverted yield curve and ISM survey pointed to recession. Q2 could be the turning point of economy growth and we might see some slowdown. Recession has become base case scenario to many investors and they will allocate their asset and conduct trading strategy accordingly. If inflation under control and GDP growth, probably in Q3, recorded a deeper-than-expected negative growth, Fed might start easing by the end of this year.
6. End of War?
Russia-Ukraine war could enter the decisive phase in Q2 when Ukraine could launch the counter attack in Spring. It is very hard to predict the outcome but assuming Russia lost the war, the geopolitical ecosystem might be rewritten as well as the regime. How ally of Russia react is also highly unpredictable.
With interest rate hike cycle coming to the end, there might be more rooms for Treasury yield to go lower. This will benefit growth stock so Nasdaq might outperform Dow again, adding to the gap built in Q1. Recession fears is not friendly to most of the commodities (except gold), and any big change on War might mean a lot to many cyclical commodities such as oil, natural gas, nickel and more.
Good Luck and Good Trading in Q2.
Disclaimers
Above information are for illustration only and there is no guarantee on the accuracy of the information. They should not be treated as investment recommendations or advices.
CME Real-time Market Data help identify trade set-ups and express my market views. If you have futures in your trading portfolio, check out on CME Group data plans in TradingView that suit your trading needs www.tradingview.com gopro/
USA is in serious troubleChina , India, Russia, Iran , Saudi Arabia and Brazil made an agreement contract to ditch U.S. dollar; the United States are in serious trouble..
If other country are joining with them then it will be the End of United States and Biden needs to do something about it and how US will react to it and it won’t end well. More banks are collapsing and more rumors said that US are running out of money.
Will the USA will declare war against China ?
World War 3 is getting closer. China and Russia became the most dangerous alliance.
S&P 500| SHORT INCOMING | DECRYPTERS Hi people welcome to Team Decrypters
POTENTIAL SHORT SETUP
We Expecting short term Retracement At least ( orange path)
Long term Target ( yellow path could be followed )
FED has cleared they will Keep Rate hikes ELEVATED for long time , Markets are pricing in Future Rate cuts
i don't think there will be ANY RATE CUTS ,probably 1 more Rate hike and than pause and than keep the RATE HIKES Stay There.
People will Start to spend Less
This will Surely cause RECESSIONARY ENVIOREMENT
Which will cause Earnings to DROPS , Meaning Companies EVALUATION will DROP
Markets Can even CRASH IN MY OPINION ( circumstances can change later but for not it SEEMS)
NOTE :- NASDAQ PREVIOUS CHART linked so in short Nasdaq will Follow S&P 500 Same things Apply for NASDAQ
Brace yourself, recession is comingThe US Treasury Yield Curve is currently inverted, meaning short term interest rates higher than long term interest rates.
This unusual occurrence, called a yield curve inversion, has historically been a very reliable indicator of an upcoming economic recession.
Since World War II every yield curve inversion has been followed by a recession in the following 6-18 months, and recessions are naturally correlated with decreased stock market returns.
The yield curve has not been this high in over 40 years.
Recession is coming HARD.
Read:
www.currentmarketvaluation.com
XAG/USD (1W) Silver could be crisis leading indicatorHello Traders, investors and speculators :)
After some time, I have to share chart of silver again. You can see that Silver is approaching and testing most important resistance zone and down trending channel. After breaking the yellow channel, it could confirm growth trend for higher highs.
If Silver can break above 30 USD, it would be a significant recession signal. If so, Silver could be first leading recession indicator. It could grow before the Gold and rise steeper.
Let me know what's your opinion about this specific setup or if you already entered some position ?
Trade and invest safe, something big is coming...
Bitcoin Market Cycle Idea 3 - 65K Triple TopTriple top at 65K - Potential For bitcoin to continue the massive range between 65k and 30k, racing to 65k leaving people behind, 100k feels imminent once again during the consolidation, at which point alts get a chance to rally but it's cut short by macro once again. Alts get absolutely rekt and return to the lows while btc returns to 30k. Market bottoms on bitcoin halving.
Inflation and Business Cycle: What will happen next?Inflation has been rising aggressively since 2021. It accelerated from 2% to hit an all-time high of 9.1% in June 2022. As inflation rose, central banks like the Fed raised interest rates to control inflation . But this effort to control inflation, on one hand made money more expensive for the industries and on the other hand pushed consumers to reduce their spendings.
Many economists had already predicted rising inflation and its impeding worst impact on the global economy and stock markets. Still, there are fears everywhere that bear markets could persist and even a further decline is likely.
Here the basic question arises that must be understood:
WHAT IS INFLATION & WHY DOES IT OCCUR?
In fact, inflation occurs whenever demand for goods and services increases while supply remains constrained.
Growth is everyone's dream...
To capitalize on this aspiration, banks provide cash at low interest rates to support growth, but unfortunately this cash is used by people to buy luxuries like cars, electronics and homes. Cars need fuel and metals, electronics need high R&D spending and skilled human capital, and houses need building materials. Pressure on luxury items leads to price increases.
Technically speaking, when demand accelerates faster than supply, it has a net effect on price. This phenomenon is referred to as the law of demand, which states: "If more people want to buy something, when there is limited supply, the price of that thing will be higher." (The same law of demand applies in the stock market: as demand for stocks increases, their price increases.)
After Covid-19, global demand for goods and services began to normalize (increase). But to boost growth, which had been severely hampered in Covid times, banks made easy loans available at attractive interest rates. The resulting increase in the supply of money in the markets stimulated consumer spending. Ideally, if growth had been at a sustained pace and in the productive sectors, inflation would not have occurred. But that never happens - a phenomenon that creates the business cycle.
A business cycle has phases of expansion and contraction.
We are currently in the contraction phase of the business cycle - inflation is still high, interest rates and yields are unbearable, and industrial performance has declined.
WHAT WOULD HAPPEN NEXT?
- Unbearable prices will force consumers to reduce their spending/demand
- High interest rates and reduced demand will reduce industry revenues and profits
- Equity markets will continue to show poor performance
But good times will come again!
When the market bottoms out in the business cycle, expansion begins. This will be an ideal time to invest in growth and value stocks.
Bottom found for bitcoin Final too I see and expect 30-35K at least for a long drop. Feds are still raising interest rates but will do 1 more in May. The economy are feeling the pressure of the inflation but very shaky;
Unemployment is nearly almost 5 percent but might expect to hit 10 percent as the recession are coming hard landing; something bigger going to break but buy Bitcoin Wisely, choice hard to sell the high and buy new entry with big money until bitcoin hits the bottom.
Russia and China teamed up in Ukraine even Belarus just made a nuclear threat.. World War 3 will start soon and big feeling Putin will start it off using nuclear weapons.
Wonder what will happens next it is coming closer than we think will be.
Now the news out of the way ..
bitcoin is near at the resistance if it breaks out it will not go fully as we speak because the Feds still needs to finish the job to bring the inflation down. Bitcoin has to hit 30-35K in order to complete the correction and will expect Zig-Zag bearish structure and sideways consolidation; * HINT,HINT* bitcoin will forcefully collapse to drop down into a recession. Bitcoin bull run won’t start until 2024 and until also Feds finish the job.
Bitcoin halving takes place in 2024 of April.
Short buys and sells will still on a go ; trade safe and economy isn’t really in a good shape.
PINS ARE RE-SETTING- BUCKLE UPThe bear is done with the cigarette break and is about to come back strong.
I am seeing a re-start of the beginning of the correction, except with greater price magnitude.
SQQQ is oversold and the MACD is about to turn up.
Except an interesting next couple of weeks.
This correction has several months to go.
SQQQ could easily reach $50 and my most aggressive estimate is $90+ by the time correction hits bottom.
Good luck!
Not financial advice.
Visualizing the Current Market in Relation to Past RecessionsIt is helpful to view past recession trajectories to get a visual idea of where we are at the moment. I chose the recessions which were most relevant to today's market conditions. The 01 (purple) and 08-09 (dark blue) recessions were the first "modern" recessions where MMT was being implemented and tech made up a significant chunk of the market. The 70 (reddish brown) and 73-75 (green) recessions were the first stagflation recessions of the 70s. Finally, the Great Depression (light blue) is shown as a worst case scenario. If this current period mirrors history, a bounce or sideways movement through the rest of 2022 wouldn't be surprising. While a depression trajectory is possible, I don't believe it is most likely at this point.
S&P 500 Index Long The banking failures and constant layoffs happening in real time I believe will impact the Fed and Higher rates and recession may be imminent. We have been breaking structure to the upside and I am looking for a retrace between 3955.00 and 3980.00 with the first target at the 4027.1 level. Currently bullish until the market specifies a break of structure below the 3923.00 level.
BTCUSD looking to head for BTC$80000+ on MN timeframeGood day traders,
There are several reasons why Bitcoin is expected to reach $80,000 in the next 6 to 9 months. Firstly, Bitcoin has been experiencing a surge in demand from institutional investors, who are increasingly recognizing the potential of Bitcoin as a store of value and a hedge against inflation. This has led to a significant increase in Bitcoin purchases from institutional investors, which is expected to drive up the price of Bitcoin in the coming months.
Secondly, the recent halving of Bitcoin has reduced the supply of new Bitcoins that are being added to the market. This means that there is less Bitcoin available to be purchased, which is expected to drive up the price of Bitcoin as demand for the cryptocurrency continues to increase.
Finally, the ongoing economic uncertainty caused by the the silicon valley bank crash's has led to increased interest in Bitcoin as a safe-haven asset. As governments around the world continue to fight this falling economy, investors are increasingly turning to Bitcoin as a way to protect their wealth and hedge against inflation. This increased demand for Bitcoin is expected to drive up the price of the cryptocurrency in the coming months, potentially pushing it to $80,000 or higher.
Lets have a look at the analysis:
What we see from the technical analysis is that we've spotted an ABCD harmonic trendhike forming, we recently beat our local resistance (marked R1) and we anticipate BTCUSD to meet our R2 sooner than later. This is a great time to buy BTCUSD seeing that the pprice is still fairly low and promises to meet figures above $100K by the end of this year.
Please share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.