After yesterday's candle, downside is looking more probable now. Bulls had a chance to stay above the 20 EMA, but were not successful. At the time of writing, Futures are trading at about 3645ish down 0.82%. Do we visit 3600 today? May 3580? We could dip down to 3570 and recover by EOD to finish back at 3645 or 3600. That would tell me that the market wants to...
Microsoft Short Term - We look to Sell at 238.54 (stop at 249.55) Trading within a Bearish Channel formation. Selling spikes offers good risk/reward. Further downside is expected. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Our profit targets will be 211.20...
I am not a huge fan of #Bitcoin fractals, but the MTF wave indicator similarities between now and 2018 before last dip as well as the constantly retested support and slow bleed should be kept in mind as a possibility to watch for.
Alcoa Corporation Intraday - We look to Sell at 37.00 (stop at 41.12) This stock has recently been in the news headlines. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 37.00 level. Our profit targets will be...
Tesla shares were driven lower during after-hour trade following their Q3 earnings report, despite Elon Musk later touting a “record breaking Q4”. But let’s keep is simple and look at a potential multi-month reversal pattern on the monthly chart, and Tesla’s potential to break lower this week. Sometimes you really need to stand back to admire the view, and the...
The red indicator shows the level of delinquency for each quarter. The blue index is the SPX. We have an inverse correlation. With the increase in interest rates around the world, the cost of money becomes more expensive. The payment of loans becomes more expensive, so the percentage of defaulters tends to increase. To pay off debts, positions in the equity...
You might not like to hear this but I have had a deep dive into the historical bitcoin chart off the weekly time frames and I can see too many similarities from the 2017 bull and bear market to the 2021/22 bull and bear markets. From the duration of the move, the time from high to low and the distance it fell. I am not saying it will get there, I am breaking down...
Probably not. In order for the next bull market to occur, we need... 1) The top in the Fed Funds rate 2) The top in US10Y 3) Top in USD 4) Economic stability In Chart: Fed Funds & DXY still surging higher.
Bitcoin is breaking out of the falling wedge and breaking the resistance line it has never broken from its all-time high. In my view, this is a fakeout and we will see a correction to 12k where we have two support lines to give us a mega bounce and that will be the bottom of this bear market. Let me know your thoughts on all this.
Assuming we get a 2018 replay, first crash down to ~10.4k should be about one week after midterms. Welcome to crab bear market TA. COINBASE:BTCUSD
Primary Chart: MATIC Price Chart Showing Overhead Supply Zones and Fibonacci Retracements MATIC Network Shows Strength in Recent Months Despite Being in a Bear Market As shown in the Primary Chart above, MATIC network's price continues to trade well below all-time highs of $2.92 / USD. No argument can be made that it has overcome its bear market just yet....
I think time has come for btc to go down. i said that btc is going to 28k and then go back down at 9k but 28k for now seems impossible. What i am expecting is the following. Btc goes up to 21.8k it forms a bull trap and then slams back down at 15k then from there we should easily see 9k being touched . Lets see how this unfolds.
The price reaches a level of 24.40 and starts to use as resistance, there is a high probability that will bounce be fore will drop again. My vision is still Short.
On the mid-term I STILL believe that we will eventually reach our longs entry at the price of 17600, since the PUMP, Rally, base theory is still valid, We have got shorts order on the base, many people will think that it's over and we're going up, but I believe that mid-term sellers will take the price down from there, don't forget that we're looking on the...
Hey traders, Looking at the chart thanks to the Elliott Waves analysis, I am able to have one of my plan to find a bullish rally in this bear market. It has a lot of probability that it will arrive in order to do the orange X of the WXY of the blue Y . It will be done when the orange W will touch the 50% of Fibonnacci retracement of the entire bullish...
Hey traders, Thanks to the legendary Elliott Waves theory, I am able to visualize a plan that could tell us that in the incoming weeks we could find a very bullish momentum. Stick with me for more updates of the incoming rally. . . BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a...
INDEX:BTCUSD 💀💀💀🐻🐻🐻🐻🐻🐻💀💀💀 OK Here it is. . . The BULLISH/BEARISH ZONES. Originally Posted Back in SEPT 2021. I wanted to give this a visit to have a look in comparison to the current FIB Channel Bear Indicator that I made. They are in direct correlation. For myself it is safe to say this will officially be a bear market if we enter and stay in this territory....
This is just an idea, no real prediction or forecast or investment advice, anyway, it looks the bear market can drag the SP500 to 3212.