We have re-entered on a previous position that worked out properly. This time the ratio is 2.57. Although it's above the MAs we believe the overall move is to the downside and the current price provides great risk reward.
If Scenario A happens, we'll be in a recession like we haven't seen in 100 years. If Scenario B happens, we'll be in a new bull market. If Scenario C happens we'll be in a new very strong bull market.
Greetings dear traders, today I expect even after yesterday's not entirely bullish FOMC minutes that we will maintain the trend up to about $17100 but my prediction for long is from the price of $16732 If we close below this marked level we will go lower to $16600 to $16520 which I don't believe at all today
Crypto winter is here. Is this the darkest before dawn? Or the start of a long artic winter ahead? In such nebulous times, directional bets are rife with risks. In contrast, spread trades vastly lowers risk while enabling limited but durable returns. Set against the current macro backdrop and landscape shift in the industry, this case study will argue that...
I wanted to share this chart, as a couple of things stood out when thinking about past bull & bear secular market cycles vs. the current secular bull market that we’ve been in for the last 10+ years since the 08-09’ GFC (Great Financial Crisis). First , for those who say “investors can't or shouldn’t time the markets", I very much disagree with this logic (or...
alt season starts when btcusd goes sideways in a macro bull market, or near bear market reversals. if we get continuation of this downtrend it will lead to wyckoff accumulation in spot btc, and the dollar will probably lose as the stock market gains when that reversal occurs. all of this pushes tether and alts up vs btc and usd, and that should cause reversal in...
If you just turn it off it really makes this down trend correlates with the fibs and the counting to the number 5 thing x3. If you turn on the LOG it makes it seem like this down trend is over only time will tell. I am invested in the idea of this going down so it will naturally rip up in the coming days. Remember to push the spaceship and comment it takes...
Target 17500$ It looks like btc is going to retest 17.6k region again, and then comeback down one more time at 15k$ region before it starts moving up to 40k$ region until june 2023.
semiconductors, tech, and the market could make a technical bull case for itself. im not ruling out the shot at a big comeback in 2023. if we turn a sellsided equillibrium to a breakout this is what a weekly reverse head and sgoulders could look like.
its really plain that this chart is not bullish. the last time we retraced over half a bounce we fell to the lows and made new lows. that means new lows for the broader market. i see an upside of 4% and a downside of 11%. i like selling any rip on large cap semiconductors by buying soxs.
In May 2022, the major structure at 29K was broken and a 1 month trading range formed at the support level until it was finally broken to the downside. By measuring the distance from the all-time high (ATH) to 29K and applying it to the downwards target, we can calculate a potential target of around 12K. Using the Fibonacci retracement tool from the start of the...
Here's a quick look at the daily ETH chart. As we can see, the price has been oscillating within the bigger symmetrical triangle. The price will likely break below the triangle with the current market sentiment. There's an unfilled Fair Value Gap from 770$ to 870$. These gaps will likely get filled in this bear market since the DXY is expected to rally from its...
im into the idea of a bull pullback from the lows in the nasdaq, but its clear that the hourly trend is reversing back to bear to match the overall downtrend. this should continue, but i wouldnt be surprised to find the broader market bouncing again, but until that happens im back in with my short nasdaq position; long sqqq. im thinking top of envelope, and then...
Here's a quick look at the 3-day BTC chart. As we can see, the price has been oscillating within the bigger descending triangle. If DXY (Dollar Index) keeps rising, we should expect the price of BTC to go further down! There are some unfilled Fair value gaps between 11k and 12k. Also, there is an unfilled CME gap at 9.7k! These gaps tend to get filled at some...
uvxy is in full breakout mode. if indices keep hitting new week lows we will probably see new 12 month lows. a good indication of this is a lot of 52 week lows hitting in stocks, and defensive sectors rotating out (UTSL staying green but hitting resistance/visiting 4hr lows), while $tick goes negative. vix has been coiled for this move for a long time, and it...
im not aurprised to see a bullish daily move from a defensive sectir in a bear market ending bull rebound. i think utilities are particularly good at catching this movement. this is a good etf to do that with.
looks like we cup and handle, and that takes us briefly over $27 in this short nasdaq fund. as long as we are over vwap this thing is a buy.
As I follow this trade from the past week. This it's the quickly update that I knew very well one thing. As before I said that AUD/CAD will climb, thing that happen when I told you in the past week, what as result, climb but I don't cached the opportunity. But analyzing from the H1 and H2 timeframe, we're in the correction that the market structure speak us that a...