Downside target 1 = 413 by 10/5 Downside target 2 = 408 by 10/6 Downside Target 3 = 401 by early next week (10/11 point target) It will bottom there. Probability of target 1 > prob target 2 >> target 3. Set up is there, lets see what happens. In Oct 11 418 puts
Traders, The dollar is now starting 12 weeks of green. You can see that today it has touched the top of its channel and that has acted as resistance. Additionally, the RSI shows that the dollar strength is now over-extended. I smell a pullback coming very soon. Possibly before the weekend. The SPY (which correlates in part with other major indexes) has this Head...
This is one of the biggest signs of a market crash for the stock COP. There is significant divergence on every timeframe, including a daily head and shoulders. this trade has multiple patterns the main one being on a Daily timeframe. Expecting this stock to drop to $112 with a decently tight stop loss, We have already taken this trade at $124.
In the dynamic world of cryptocurrencies, history often offers valuable lessons. Recent market events have some intriguing parallels with previous years, shedding light on Bitcoin's remarkable resilience. 🪙📜 2019: The COVID-19 Era In 2019, the crypto market faced its own challenges amidst the COVID-19 outbreak. Bitcoin initially experienced a price drop due to...
könnte sein, dass sich das Niveau mittelfristig wegen der Zinsen normalisiert auf das Niveau vor der Phase ohne nennenswertes Zinsniveau
Traders, In yesterday's post, I hinted at the fact that it looks as though SPY's upward trend, irrational as it may seem, will continue, fulfilling my blow-off top thesis. I still believe this to be true. However, along the way up, there will be obvious pullbacks. We now have what looks to be a completed H&S pattern formed on SPY. Currently, we are testing this...
Traders, For the last year you have heard me preach this blow-off top. So far, we've nailed it. Today, the FED decided to continue the pause. No surprises here and it turned out to be a non-event in the market. The FED knows that they are "this close" to breaking everything. Macro-economically, we are on the brink of disaster both nationally and globally. Many...
It's failed 📌 breaking and closing postive on recent top 🔝 Expecting pump towards $8.5-10 Possible wick towards $12-14 if wick turned as closing above $14 weekend postive sign ☢️ Then this article invalid 📌 my long term article get's invalid 📌 If this get valid my long term article get's invalid 📌 But present I am completely bearish 📍 Expecting qick...
Given the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could...
Hi Fellow Traders, BNBUSDT has broken out of the symmetrical triangle pattern and is possibly heading for a crash. The price is plummeting below the lower trendline and has crossed below the EMA 200 line, signaling a strong bearish trend. To make matters worse, a Bearish Inverted Hammer has appeared after bouncing off the base pattern. This deadly combination...
DXY - showing signs of a pivot. reaching the 0.702 multiple times without able to close above this level. this is a strong resistance. I dont see the DXY breaking this level. expecting a bearish reversal! *De-dollarisation doesn't need much explaining if your keeping up with the latest BRICS progress. *DXY - will no longer be the main reserve currency but likely...
I pulled the 2 week QQQ chart. Do you see a pattern here? During an uptrend after two consecutive 2-week red candles, the price rallied strongly. It did not do so in downtrends. I guess we will have to wait a couple more weeks to find out if the Nasdaq is going to crash.
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. With...
If you enjoy this analysis, please like and follow. Ever since BTC fell through the 2023 bull-market support line, things area looking bad for the market. I've made several bearish bets recently, which have been playing out great. Some investors like to flip-flop their bias constantly, but it's much more beneficial to approach the market from a IF-THEN...
Traders, Our CME BTC Futures chart now shows (2) two gaps to fill. We know that over 90% of all gaps are eventually filled. Usually, this occurs sooner rather than later. The big question is which one of these gaps will be filled first if we assume they will both be filled? Post your best guess in the comments below. The other thing I am looking at on this chart...
Traders, What an unexpected set of events in the crypto world! At least from my perspective. We are going to discuss what just happened with the Bitcoin crash, where we now stand from a price perspective, and what needs to happen for us to recover again. We'll also be discussing the usuals. I think I have found a target bottom for the SPY? If I am right and the...
😱OVER $1B REKT! Turbulence engulfs the market today as Bitcoin shatters critical support thresholds, unleashing reverberations that resonate throughout the entire financial landscape. This precipitous decline coincides with the revelation of Chinese real estate giant Evergrande's Chapter 15 Bankruptcy filing in a U.S. court—a development that has sent shockwaves...
Hello Fellow Stock Traders, Here's a Technical Analysis of TSLA! TSLA has demonstrated noteworthy price development, reaching a significant resistance level and resulting in a price gap. Subsequently, a bearish divergence has emerged, implying the possibility of a trend reversal or downward movement. Moreover, TSLA is presently forming a double-top pattern,...