For now, Futures are red - a bit understandable after yesterday's run.
The day prior to an FOMC-Meeting could be a bit of green, according to historical data.
But none of the macroeconomic/political issues has vanished, therefore the sentiment of the market is still bearish .
We could see a flush down at Market Open, possible finding support, and creating a bear...
Educational Idea:
Most of the Novice conventional traders use support and resistance levels. If the support breaks, they tend to short-sell the scrip & try to profit out of it. And, if the resistance breaks, they go long. But the majority of the time, they become a victim.
Let me get this straight.
Let's take an example, in this case, Eicher Motors. When...
🚀🚀🚀🚀🚀 Super bullish ETH - Bears lose their wives, Here's what AI think 🚀🚀🚀🚀🚀
What you should know:
Wives will leave bears to marry rich bulls.
Our AI has a 100% success rate, and she opened a 'long.'
Politicians have been buying the dip.
Vitalik Buterin will announce big news next week.
☝️ 100% AI-generated TA. No humans. DYOR before trading!
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Earnings coming out this week for Apple and i anticipate to see whether my prediction holds true. Indices have been manipulated to go up with FAANGT' and now we see that the first one to go down was Netflix. All the rest are reporting earnings this week and the next so i would expect indices to get their well deserved correction with the help of the big guys. Then...
Some of you asked me to update this chart.
I actually stayed up most of the night watching futures to get a handle on how dealers position around +/- gamma.
I noticed before 8pm last night all rallies were being sold. Then almost like a switch being turned on a slow melt up started.
You...
Cardano currently retests the 1$-1.3$ region which is a very strong support band combined of the purple band and the green horizontal line.
Except the bear trap we are following the structure of a huge wedge pattern that is about to break out since we found this massive support zone.
On the RSI side we just retested the falling yellow line as support and are now...
I expect BTC sideways action between 39.5-53K ranges by 2022 March. Then I expect BTC rally.
At this very moment I'm watching the scenario I posted in this chart. I think BTC has bottomed at 39.5K/maybe, but less likely one more touch to that point/.
As you see, Double bottom pattern is a reversal pattern. And BTC did it when dumped to 39.5K on on January 10th...
In my honest opinion i don't really know where the market is going. But base on my charts and Fibonacci placement, it's a downtrend. This is a weekly timeframe for BTC, as you see BTC has set a new Lower Low. I would expect more downside to come for BTC. Much more fake outs and much more bear traps. On the other hand, larger players like whales are buying up BTC...
NQ moves very sporadically in my opinion but I believe we are past all the news to destroy tech stocks until the fed speaks again about tapering. I believe also institutions are trying to make us leave our technical so we enter shorts.
NASDAQ:PCRX long setup:
Today's bar was very impressive and closed at the high of range and broke a possible trendline
The chart has a nice process over the last few months. Big bear trap in Oct followed by a higher low in Nov
20 EMA has crossed above the 50 EMA and they are both accelerating up
Entry above today's high at 59.36
Stop under Dec 16 low...
4H looking like we will break through the lower trendline unless bulls come and buy up the BTC here. Could be another bear trap or a break lower from the falling wedge pattern.
The bear market on BTC at this moment would seem to be exclusively a mirage .
As can be seen from the weekly chart, on 12 October 2020 BTC started forming a perfect ascending triangle forming a superior resistance between 65,000 USD and 69,000 USD supported by a strongly bullish trend tested once so far in the area between 30,000 / 33,000 USD.
Furthermore,...
A we can see on 2021 ( orange arrow) Bear are pushing Bull hard and made a new rally base for Bull at 1676.
A new Pivot based at 1771 has been made which is a good sign for Bull to rally to reached the Bear base again at 2075.
So, for a new rally (white arrow-2022) we can see bear ended on November getting thinner because of Bull are entering the stage to break...
Hi All, my main 3 take-outs from this analysis are the following:
1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap
2- Inside candle pattern which might mean reversal anytime soon
3- Big descending wedge on the daily chart with take profit projection at all time high.
Not a financial advice, just personal opinion....
We will go tomorrow up. There is no question about that.
This looks for me like a beartrap. Just like we saw in the 58k area, and the 29k area.
Big move down, small consolidation, and the same way up and higher.
Hello traders and investors! Let’s see how the SPX is doing today!
It seems we see a bearish sign on the SPX, indicating a possible top (spinning top?), but I wouldn’t be too excited about it. After all, the index already did a similar pattern last Tuesday (it even more bearish, as it was a shooting star), and it was just a bear trap, as we thought.
What’s more,...
