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HD(Home Depot): All parabolic movements must come to an end What goes up, must come down. While this is not always true in this world, it's much more likely than not that a parabolic movement will eventually see a sharp, then lengthy, dwindling correction before it continues upward. This may seem like a crazy chart, but there are some unavoidable signs that the housing market is slowing down. Some experts are now predicting we may see some recession in 2020. Home Depot is a leading indicator of the hosuing market dropping off. Looking at the facts, Home Depot has increased its value 1186% since the market crash in 2009. To assume there will be no correction for this parabolic move will be foolish. The question is, when, and at what price? I think we may be reaching a top, if we have not already around $219. RSI has been moving bearishly against the price action on the monthly chart and is now in a nuetral/bearish range for the first time in nearly a decade. As of now we are still producing higher highs, but we did show one lower low. I believe if the next upward movement doesn't show a higher high (above $219.30) we might be at the peak and ready for some correction. This could easily bring price all the way down to the .5 FIB of its parabolic movement, or around $118. Am I suggesting you short Home Depot? Only if you're crazy. I like doing something out of the box once in a while though, so I'm going to play a small bag just for the sake of technical analysis.
NYSE:HDShort
by infbp22
BTC BLX - That Which Can Not Be UnseenCall me what you will, and you will, and I do not care- but you can't unsee this. _____________________________________________________________________ Declining volume since 2015... Tops on HTF's Closer look at the current Horn Top on a 2 Week chart Meeting resistance Broke down out of Ascending Wedge 5 Waves with correctives abiding by the rule of alternation- Wave 2 sharp decline, Wave 4 extended in breadth Bitcoin likes the 886 level on L/MTF's, note the level Below DHMA's on the Weekly Some Yearly chart levels to be aware of Flip on Volume Profile Fibonacci Time sequence on this Weekly chart has been correct 6 times so far for trend reversals since ATH, the next Weekly date in the sequence is Monday 7/22/2019, and the following date is 7/20/2020. Now that you have seen all of this take into consideration the current perspective of Bitcoin by the US government; while Wall Street desires to take advantage of a new market they will not do so without proper regulation in place...but anyone can create an Altcoin. Any company can create a "crypto" as we have seen Facebook attempt to do so with Libra (not an actual cryptocurrency). You can look to the list of 100 members of the board of Calibra for companies desperate to also take advantage of new money in, to them, a new untapped market. There are also investigations into Bitfinex and Bitmex happening, Beaxy having been hampered buy low volume since opening, and Bakkt test launch of Futures. The last time a Futures product for BTC debuted it was the very beginning of the 2018 Bear Market. Also take the irrationality of the market right now, with maximalists calling for $30k, $50k, and plenty higher talking about the Moon- last time the market was like this? December 2017. Now, I do not believe that Libra will debut anytime soon, the reason why it is being greeted with government resistance is that Congress hates Facebook, and the reason why Wall Street and CNBC have been hyping Libra is because they are heavily invested in Facebook, but I do believe that we will see in influx of new Altcoins with an Altseason of epic proportions between 7/22/2019 and 7/20/2020. What happens after that can only be assessed at that time. I am not saying that Bitcoin will reach lows in the 3-digits but I do believe that Bitcoin will enter a Bear Market/year long consolidation period, beginning week of 7/22/2019...
BNC:BLX
by BTCookieMonster
41
DJI August 19 Top Setup - Be Prepared!My expectations are that earnings will come in much weaker than Q2 2018 because of the trade wars and consumer demand decreases. Yes, there will be some positive news, but I believe the markets will change dynamics based on forward guidance and Q2 earnings data, rotate lower and setup a sideways pennant formation that will eventually setup an August 19, 2019 market TOP. After this Aug 19 date, I believe the US stock market (and global markets) will likely fall 15 to 20%+ setting up a bottom near the end of 2019 or into early 2020. This move is very unexpected by the global traders. Recent psychological levels ($300 SPY, $3000 ES) have already been hit. I believe these levels were critical to the setup for this next leg lower. I believe skilled technical traders only have about 30 days to prepare for this move and I believe the move lower will initiate in late August or early September. I urge all skilled technical traders to plan and prepare for this move.
DJ:DJIShort
by BradMatheny
6
ERD is a perfect investmentHi. I'll get right to the point: ERD is a perfect investment, Transaction speed and latencies are remarkable among all the existing coins in the market... more than 10000 TPS and lowest latency possible... soon there are lots of great news coming up like being supported by Microsoft, etc. there are lots of perfect news about this.. don't miss this opportunity... if you have any question about ERD or fundamental signals, write your question in the comment section and here's my telegram ID: hadi_K_E
ELong
by Bitpostrock
5
Potential Double Top at $13,400-14,400 by Sunday Monthly CloseHi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart! This is a short-term action plan with finally some good action in the past few hours on Bitcoin. We are heading towards the Monthly and Weekly close this Sunday on Bitcoin and we should always be prepared for both eventualities. Bull scenario: (higher possibility) The IH&S green bullish pattern would send us to retest $13,400-14,400 by Sunday for a double top before dropping back down to test $11,000. The action around $11,000 will be very important as it is the long-term bull neckline from June. Bear scenario: The green IH&S would fail and we would sell off Saturday through Sunday close lower and lower below $11,000 as we get pushed by the resistance of the descending triangle. This would be the bearish continuation of our purple fractal down to $10,000-9,000 and eventually $8,700-7,600 that we published yesterday
BITSTAMP:BTCUSD
by BitcoinGuru
6
$12 or $8 dollars after... for Afterpay - Double Top TBCHi All, At a price to revenue ratio of 36:1 at the time of writing, this is one hot stock! But is it really worth it? We clearly have a formation, but not confirmation, of a double top pattern for APT. We have a clear and solid rejection at the 28.50 zone and a 10% plus drop following. I don't think things are looking good for APT, not necessarily fundamentally speaking (besides the ratio), as I know a lot of people are bullish on this stock but at least from a technical analysis perspective, one has to ask are we about to witness a major trend change with APT? Now the supporting TA; Double top pattern As already mentioned, this is a yet to be confirmed pattern. The break of the middle trough between the peaks @ 20 dollars would confirm the pattern. The red arrows provide us with a possible drop range that we might expect. The larger the variance from peak to middle trough, the larger the expected trend reversal, and this is in fact supported by the underlying trend line established from April 2018, certainly a significant trend change IF confirmed. This alone of-course is not enough, and we do have additional supporting indicators below. RSI We have a bearish divergence on the RSI, with a down trend quite clear. The last pump to the second peak was not accompanied by wider market participation, and this trend seems as though it will continue. RSI would confirm at this stage that APT is currently out of steam. A cross of the trend line with accompanying price action would invalidate this indicator. MACD & Histogram MACD is showing signs of turning to negative cycle. Interestingly the strength of the recent up trend seems to be quite great albeit short and quick as Histogram clearly shows. This would support the RSI indicator reading and might suggest the last pump was really led by a few bulls, and not wider traders/investors. MACD and histogram fall in line with a double top scenario. MA's We can see the last pump pulled back our 7 day MA's over the 50 but has failed with the 20. It does not look like its going to cross especially with the drop we had following the second peak. The 7 day is largely going to indicate where we head from here. Both 20 and 50 are some what flat lining. Interestingly, the major trend reversal suggested by the double top would not only include a down break of the 18 month trend line, but also the 200 day MA. All confirmations of major trend reversal. The MA's do tell a similar story as the above indicators and fall in line with a possible double top scenario. VPVR Our volume profiles strongly support the above TA and Double top possibility. Our value zone is below the 18 dollar mark, with the final significant profile in this zone stopping around 11.37. Below this we find the next significant profiles 8.13 and below. These targets do also coincide with FIB levels as the 23.6 sits at that 11.37 dollar zone. Failure for this too hold would give us an 8 dollar possible buy zone target. Ichimoku Clouds Its looking like we are going to break again, and we can see trend change confirmed with this indicator. Summary We have a very strong case for a double top pattern with most indicators falling in line with the same scenario. A break below 20 dollars would provide us with this confirmation and I think things might get a little ugly from there. Important FIB levels also all coincide with critical pattern events, 78.6 current support, 61.8 double top resistance line, 23.6 assumed target . I think it will be a great buy opportunity, around that price technically speaking, but accompanying fundamentals should also be closely monitored with APT in the coming weeks. 36:1 price to revenue ratios are simply not sustainable, and it is not unfathomable that we see an APT stock lower than 8 dollars. SELL / STOP TARGETS Stop loss @ $20. Profit taking above highly suggested. The above is not financial or trading advice but possible mitigations if this scenario were to unfold. BUY / LONG TARGETS Target 1 @ $12 Target 2 @ $8 and below. The above are also tentative as even at these prices we still have quite a large price to revenue ratio. Technically however we could see a bounce from these point and accompanying TA at the time would have to confirm any possible trade. Confirmation Support @ $20 fails. Invalidation; New high created > $29 with a clear and strong candlestick close. Again, in the long term this stock might be a great performer, but the analysis would suggest we are due for a trend change. Thanks guys, leave a comment and let me know your thoughts, Traders-Corner *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
AShort
by Traders-Corner
Bitcoin: Did it top? Or will it Continue?In my previous analysis, I mentioned that there was a parabolic pattern, in addition to mentioning the price objective of it as well as other things. Well, bitcoin was shy of the price objective by approximately 1000 USD. I would say that the analysis went surprisingly well, however, I would also say that this overestimation of the price objective was due to the over estimation of the 3rd Base. That is understandable, it did however wick into my price range in that chart, despite not hitting its price objective. The Current situation: Currently, it is retesting, the upper trendline of the broadening wedge which can be seen in purple within the yellow circle/oval, a successful hold at this level would likely mean that this will continue its parabolic move, however, failure at this level would mean that the parabolic move has hit maturity and passed. I currently am expecting a retest of the supply line seen in red (its possible this may not occur as well). In this analysis, I will be covering the current move in the Chart and I'd like to mention that it is extremely probable that this is a top: 1.) Generally, parabolic moves end with a ~60% retracement of the move, historically speaking, bitcoin sees a ~70% retracements of parabolic moves. However, the odds are currently against a retracement of this magnitude, and I am expecting to see an approximate ~40% retracement to ~8000-7500 as there is major support seen within that region, (The Major supports are boxed in green with the stronger point of support being more opaque and with a bolded horizontal line). (A retracement of 60% should not be out of the question). 2.) The supply line of the parabolic move can be seen in red, from that supply line, it can be seen that there were two touches and a hypodermic top thrusting through the supply line at the peak of the parabolic move. It can be noted that there was no true secondary test and the attempt to return to the price level of 13500 was underwhelming. Given the time frame of this parabolic, the retest should have happened already. After bitcoin was rejected at 14000, re-entered the supply line which only provided an insignificant amount of support again showing weakness. 3.) Another reason why this is probably the top is, time frame, people were calling this a bull market far too early, as the previous bull market had a very long base which lasted several months, and lead to a parabolic move over a 2 year span. This one occurred only in the daily, and had bearish signs of distribution. However, it is still possible to be in a bull market, first, a higher low must be established at least to determine whether we are in a trendless market or beginning a bull market. 4.) Another bearish Note is that this is overall a V top which occurred in high volume. 5.) The weekly candle shows a shooting star currently, which hasn't closed but shows sign of resistance ahead, whether or not there are bearish implications, this candle stick needs to become a bearish engulfing or the shooting star needs to be confirmed by the next weekly candle. In addition, there is currently a failure swing on the weekly, (dependent upon how this week ends will determine whether that failure swing prints on the RSI). Previous Analyses:
COINBASE:BTCUSD
by CuddlyCuddles
Bitcoin by EXCAVOParabolic bitcoin price growth this year was a trap for the "bears". The explosive rise in prices is the usual short squeeze, which was initiated by cryptocurrency exchanges and big players, while real investors are waiting for a healthy recovery to start buying again. “Short-squash, devoid of any real volumes of investors ... I am waiting for this pump, managed by the exchanges, to end, and there will be a proper recovery. I believe that only then investors will come to the market, which will begin a real bull market. Short-squash occurs when most traders open short positions (lower prices, short). In an effort to knock them out of the market, large players began to buy huge amounts of Bitcoin, raising the price, forcing the shortsists to close their positions. This price movement is usually very fast. When most of the shorts are eliminated, the short squash closes, since there is no longer any sense to keep buying. We are now at this stage: “At the level of $ 8000-9000, the majority moved from short positions to long ones. This limited the short squeeze ... Currently, the bitcoin market price has outpaced the influx of organic investors. Never before have we seen such a divergence at such an early stage of the bull market. The analysis is not pessimistic, but represents a cautious approach to the explosive growth of prices. The conclusion is that, with a probability of 95%, the bottom of Bitcoin has already been passed in the current market cycle. If you like my work, please support it by clicking the LIKE button! Thank you for your interest!
COINBASE:BTCUSDLong
by EXCAVO
30