the big topic of this month and July has been RECESSION . I believe it depends all on the labour market now if we start to see increasing unemployment that could tip us into a recession. this is why I am short on the SPY because I believe this rally will fizzle out because there have been no real positive changes in the macroeconomics currently to fuel this...
Meeting the resistance of the bears downtrend should be heading more downturn to come as recession worries and Taiwan visits. Everyone was mad at the republicans to worry about china instead of the USA.. overall monkeypox began to spread even more and made worry of the US civilians health White House even Biden wasn’t paying attention but the economy is slowing...
I don't believe we are out of the weeds yet and still have a ways to go with this bear market. The Federal Reserve's aggressiveness towards raising interest rates to combat inflation isn't the best conditions for a bull market in asset markets in general. We still haven't had any sideways movement with Bitcoin just yet and I don't believe we've found a true bottom...
Hey traders, I am showing you today my COINBASE:ETHUSD chart in Elliott waves. As we can tell, we will be going for a last bullish push pretty soon, in order to go reach our final objectives of this bear market rally. Long objectives: 1/ 1824/1860 2/ 1905 3/ 1960/1996 4/ 2080/2122 Thennnn, the big drop. Go check my previous charts to know where the...
17K is not the bottom , 20K is not the bottom. We have a problem of bullish.. we continued sideways of a channel and still in bear flag but yet … it’s STILL FORMED! Problem was it’s not over. Biden decline USA is in recession twice and yet we be seeing another truck downside. 10-14K has the strongest bottom floor support. If your still in profit I highly...
Many people out there call for a bullish momentum up to $26k - $28k. If the pricemanages to break through both resistance lines and flip it into support - there might be some chance to reach $25500 before some correction. Actually i wouldn't recommend opening a trade and wait for confirmation. I'm expecting a big SL hunt for bears and bulls!
Similar to January 2019, we're due for a technical correction and bear market rally. We're riding the resistance bounds of short term gains, and now that it's opportune for market markers to turn the viewpoint of the crowd bullish again, it seems like shorts are now the crowded move and perhaps the wrong move. Long-term momentum should remain bearish (white line...
Hello Hello! So far so good from my previous bear market rally chart. Everything seems to be held in place as the market continues to climb upwards with regard to recession and the recent 75 bps rate hike and on top of it all very controversial earning reports. Shorts and retail continue to be punished for their bear case as the market continues to climb upwards...
This analysis depends on the area of the intersection of 3 indicators: EMA100, Ichimoku cloud, and the leg of the downtrend, and the price is often expected to rebound towards the completion of the decline.
Bank of America Corp Short Term - We look to Buy at 32.43 (stop at 30.27) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance level of 32.32 broken. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be...
Hey traders, BTC is looking mad with the triangle shape. Of course, this week is very choppy, full of news. Nevertheless, we are able to find the incoming last objectives before entering in the (C) of the bull rally of the bear market I leave you bellow my screenshot for you to understand how to find those objectives Short zone until: 1/ 20350/20190 ...
Walmart Short Term - We look to Sell at 127.66 (stop at 133.76) This stock has recently been in the news headlines. They issued a profit warning ahead of earnings. Our outlook is bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 128.00 and should cap gains to this area. Preferred trade is to sell into rallies. Our...
Hey traders, As you might know, this week is full of news, between the earnings of the biggest tech companies, the FOMC, the GDP reveal, so the confirmation of the recession (that they still don't want to admit) So, IMO COINBASE:ETHUSD is about the reach the different purple objective that you can see, and then bounce with all the acts and BTC for the last...
With recent failure at $29318, Bitcoin has undergone major invalidation to its macro wave pattern. Seemingly invalidating its impulsive form, I believe the King of Crypto is due to form a big wedge/diagonal/wyckoff pattern over the next number of years. Considering the ultra aggressive drop cycle we've all witnessed, I believe Bitcoin to also be in yet another...
Look to the 2020 correction zig-zag to form bottoming price structure. Getting crushed to capitulation in October would be the usual outcome. Timeline for the bear likely will be in the 9-11 month range, bottoming on October or early November. Typical bear is nine months, rarely >15. RSI would get crushed well under 20%. Short -term oversold condition could...
Spy about to pump if 450 get crossed we may avoid a dead cat bounce trade anyway we should be good at least for 3 or 6 months if is a cat bounce or no good posibble movement all indicators looking amazing
Market is currently in process of correction from that huge rally we had during the past week or so. 1250 level on ETH is very important for buyers to defend as it is where we broke out from and was previous heavy resistance, under that level we're entering heavy bear territory which would lead us to somewhere between $500-600 where I think we will potentially...
I am in the crypto market for 4.5 years and I checked the chart nearly every day since December 2017. Altcoins and Bitcoin will go down another 50% Reason - ECB start hike -> bullish for EUR FED start hike for another year -> bullish for USD Inflation highest in history- when this happened a recession follows Chinese are banned from crypto transactions since...