Bitcoin is ready to collapse and amid fears of the recession from the Feds decision since U.S. economy is slowing down and it’s not good for bitcoin and neither for the markets. Still below 17K; the bears has a strong potential to crash and collapse even lower. Bitcoin halving is coming in 2024.. which is the big sign for buyers to buy the dip at the new lows of...
$SPY is clearly forming a Bearish Rounding Top!! Needs to break below the $322-337 support level to confirm the pattern...Final target is $218 🍿🚨
Simple Idea still in play from my previous post. Weekly candle still able to close within the flag. Target 12k. This would be an 85% drop from the ATH. Typically found to be the case in most Bear Markets. Capitulation is near.
Polygon- A fundamentally strong ecosystem that has been bridging the gap between Web 2 and Web 3 by onboarding new users through various partnerships. $MATIC is the native currency in the ecosystem. The answer to the question in the title is most probably. With this said, lets dive into the analysis below: The current macroeconomy is bearish which limits the...
Bear Market for US stocks started a year ago, (See post linked below "Was this the final hurrah?") 1st phase is over, where smart money is out. 2nd phase is when the public get involved because MSM start talking non-stop about the recession (falling earnings for overvalued companies) This will be phase 2. And it will be very volatile. More-so than what we've...
I still see downside in 2023, the chart is showing a similar pattern to the DOTCOM BUBBLE. I just see bear market rallies and some considerable time until we see a major trend reversal. We have just finished the 2nd BUBBLE which was led by the creation of BITCOIN which was born out of the Financial Crash in 2008. The age of low interest rates are also over and...
This was one of the hardest to pull the trigger on since we know for the very long term this is one of the tech leaders that will do very well. We trade the daily charts with a stoploss so shorting NVDA here is a decent play for now.
Here's a quick look at the BTC 6 hr. chart. As we can see, the price has been printing a bigger rising channel, and if the price gets rejected from its current level, we may see a drop to the bottom of the rising channel! If the price breaks above the channel and thereby 18.2k, the price will probably retest the 18.8k level! A rising channel has a 30% chance of...
Math will never lie unless you can't do math. This calculation has been going on since the day we started and we so far it's perfectly correct. What I want to share with you is the following: Gold is always 1 and 9 or 4.5. Gold at a top is 9 and thus the end of a bull run. Gold at a bottom is always 1 and therefore the end of a bear run. Blue/Pink between these 2...
Imagine the smell of this legacy stock pumping to $500 in 2023 only to get everyone thinking bear markets over then huge rug to $2. I don't make the rules guys.
Told you guys about the pullback, 17185 entry triggered at this point. CMP 16991 SL at entry. Still not complete pullback Targeting the HL. Which is 16500.
Here's a quick look at the 4 hr. BTC chart. As we can see, the price har recently printed a Head & shoulder pattern. The head and shoulder pattern Is a bearish chart pattern which has a high probability of breaking lower! If the price breaks below the neckline, the price will probably end up in the support zone or even lower if the price doesn't hold the support...
Short from $17500-$17600. Stop loss: $18030. Target : $15650.
OANDA:XAUUSD D1 Timeframe shows a broadening descending wedge chart. This could be a lucrative trend to the Upside. However on the W1 TimeFrame there is a formed rising wedge. Which means........BUYERS will Sell this current high price. It is seems to be the year end SALE.
I have another chart for KDA with a cleaner price action moving into the middle of December 2022. I have two price targets which are $0.46 at the 1.68 Fibonacci line and one at $0.59 which is another Fibonacci line. From the previous top, we had a 43% drop in price, and taking the same percentage drop into this recent possible high would bring us down to the 1.68...
As you can see we have a descending channel that has the Bitcoin price at $25k and two points touching the bottom of this descending channel at $17.7k and $15.8k. If we come in contact with this lower (yellow) trendline (mentioned by Gareth Soloway) we could possibly see price action at $9.5k. If this is the case the bottom could well be in this bear market.
I have been considering the 2008 analogy for some time. I tried to find an important price resistance and I found it. In 2008, the worst drops started at 1313 and it was a fibo retracement of about 47,5%. Today, a similarly important level, in my opinion, is the retracement of 3939, which is also about 47,5% fibo. Of course, I don't expect a perfect rebound of the...
SPY We had two scenarios yesterday during our stream 1.) Preferred scenario would be for the spy to pullback down to 400-398 or trendline and hold for the rally to continue to the upside. So a pullback or consolidation around this level is healthy. Just remember its December, I always look forward to the Santa Rally if you've been in the market more than a year...