Which Way Will the SPX Triangle Break? Consider All the Arguments
Ever since the October 2022 lows, the S&P 500 SP:SPX has been consolidating especially when considered on larger time frames like daily and weekly. This consolidation has formed what is known as a triangle pattern (or symmetrical triangle). A triangle is a consolidation pattern that represents...
Dear community and my lovely followers, this analysis covers my previous one analysis about Gaussian channel and 1-7 step price action in 2015 and 2021-2022 bear markets.
So if you read this one, don't miss the previous one as well. They are highly correlated.
Pay attention that the same 1-7 price action movement happened bellow weekly super Guppy indicator.
In...
🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region.
📈 Daily chart:
On the daily chart, there was a 🐻🔫 bear trap signal.
I think a possible target is at $41.89.
In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30.
...
This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years...
Hi dear community and my loyal followers. In short I would like to update crypto market from macro perspective.
I'm looking at monthly timeframe and would like to bring your attention to some bullish facts.
As you see Total market Cap tested previous ATH in June 2022, the point which I called and till now I haven't changed my mind. Even the recent dump couldn't...
Hi dear community and the best followers. I hope you are fine. I appreciate your support, likes and comments.
Today I'm looking at 3d chart of BTCUSD. As you know since 18 June 2022, I have been posting BTC bottomed and it is preparing for new Rally /new ATH/ before new recession and Fed Pivot starts. I expect new ATH by Q2-Q3 in 2023. If you check my other...
Dear community and my faithful followers, if you want to make life-changing decisions and become super rich don't wait lower prices.
It isn't financial advise but I don't want you to make the same mistakes I made some years ago and don't miss the best buying opportunities.
Otherwise you will blame and slap yourselves couple months later not buying #BTC and...
The next days we have a possibility of to view BTC return up to 17700k. The bullish divergence shown on the larger charts reinforces the short-term bullish thesis. BTC has not had a sharp breather since the 21st of November.
Hi dear community and my loyal followers. Couple weeks and months later you will understand why I think the real bottom was at 17.5K in June.
I'm looking at weekly timeframe and would like to show you this magic indicator which marks the real bottom of BTC and bull run start.
This magic indicator went below -10 3 times in BTC whole history, They are bear...
This is what we will be discussing today, and we are going to study both its technical and fundamental reasons and subsequently to derive why it is a bear trap? Or could it be a new bull in the making?
I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity.
I have started a trading series, purpose for trading into...
Hi dear community and my faithful followers, let's pay attention to this weekly falling wedge pattern which has broken and retested with false breakdown/bear trap/ and double bottom+ RSI bullish divergence.
At the same time RSI diagonal resistance has been broken and retested as well. On the chart you explained why I think so)).
Read bellow text to understand why...
I'm looking at 30D chart adding 2 customized indicators which show amazing history data)):
Red columns on first indicator show BTC bottoming process in a bear market and when green color flashes after red new uptrend / bull run starts/.
When green columns appears on 2d indicator it means BTC has already bottomed and when white color follows green column, it...
My favorite trades to take are when bulls or bears get trapped. These have an EXTREMELY high success rate and are my favorite strategy to trade. Earlier today the bears were trapped by what looked like a pattern breaking lower, but it was regained by the bulls.
The reason I love these traps is because the party (bulls/bears) that get trapped, end up getting...
the fed isnt interested in saving the market. it only cares that it delays the maximum selling until late in the year. they want choppy action because this allows them to scare retail out and institutions can scale horizontally. were likely to hit signal, sss ma, trama and rebound. uvxy is a sell if we get to top of envelope or we break pivot and continue lower....
Yea, I know TA is scam and everything is about liquidity, but we see on charts that market makers are painting, that's what we want to see. I think is possible that to be fake breakdown to stop out longs and trap shorts, but who knows, let's see.
Chart 1 : BTCUSD's Downward Breakout From Bear-Flag Channel
(Chart 1 also includes a hypothetical price path showing one probable way that price could retest the channel and the downward trendline that has held as resistance since November 2021.
BTC's Downward Breakout from Parallel Channel/b]
On August 19, 2022, BTC fell over -10%, breaking out below its...
Targeting $1800, it can certainly go up than that, but anything up $1800 will be a risky play. After LTF confirmation on that point, new lows (3 digits)
Follow. Comment below if you have any questions.
