This chart is for entertainment purposes only and setups up a possible bear scenario. I'm not an expert at distribution patterns but I thought it would be fun to see if this might fit the pattern.
I don't think gold is excluded from the 'everything bubble' that the Fed is trying to pop. The Fed has been very clear that interest rates are going to go higher and...
Hi, I had opened a short on the SP500 last night, all economic factors are pointing towards a recession whether it is interest rates, housing market, inflation or political leaders. This week the US 2 year treasury reached 5%, a level not seen since just before the financial crash. Waking up to the news of Silcon valley bank plummeting due to them announcing a...
From the 4 month candle view BTC is still in an uptrend but it looks like it really wants to test between 10k- 14k.
That would make the 80% cycle retracement. If that's not support, then we could see a 90% retracement.
In both of these charts, you can see the correlation between 2 sectors that had if not IDENTICAL run ups due to their nature of being overbought and unregulated. (housing crisis of 08 vs Crypto crisis of 2022)
As of now we are still on our path downwards. The housing crisis took until Nov 2007 to late 2009 to start on the path of recovery. We know cryptocurrency...
Dow Jones Index has showed a monthly signal not seen since 2008.
The price action that has currently developed is very similar to the beginning of the 2008 crash. In fact, the next rally (if we get one) can be the final "make or break". See the chart comparison between 2008 and 2022. I'm not a perma-bear nor do I ever like predicting crashes or waiting around...
The economic and financial situation is quite different from 2008, but it does seem to be following the same pattern so far. The timescale is a bit different, but until I see a deviation, this is the plan I'm seeing.
Here we have the Bearish Scenario for Bitcoin with downside Targets!
We will likely see Bitcoin Breaking the Resistance especially if the DXY keeps trending up higher as shown in my other recently shared Idea...
Warning, I repeat warning! This is a very urgent matter that we need to discuss. 21,400$ will not hold, I repeat, it will not hold. As you can see we have so much downward momentum because of the fact that the SP500 and the NASDAQ have been rejected on their monthly resistance trendlines, you might be wondering what trendlines? You can see a NASDAQ chart in my...
The inflation artificially created by the Federal Reserve (FED) and European Central Bank (ECB), will end in an ugly recession in 2023 - 2024, North America and Europe will be the places most affected by it, high food costs, public services, rents, mass layoffs and the collapse of much of the auto industry, we expect to see in financial difficulties or bankruptcy,...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Prime Setup,
Break of Structure, Break of Structure, Break of Structure,
Same stuff, just a different day, heading into a HUGE Price Block,
Taking to next demand zone, anything in the below box to target is VALID,
Good Luck and Happy Sniping
Last Time The National Home Builders Index Dropped repeatedly - The 2008 Market CRASH and Deep Recession happened right after.
And Now It has Dropped Sharpest in its History.
The Canary is the Builder sentiment - Dropped to 55, a drop of 12 points.
This is the largest single-month drop ever, with one exception. The exception being April 2020. As you may recall,...
Liquidity Grab, Looking at Two POI's, Second Level is a Monthly POI
Levels where failure can be put into play,
First Target Below, Long Term Target to Follow,
Always good to know what DXY is doing, understanding of this can be massive on other ASSETS!
Something is brewing,
Good Luck Traders!~
This is just for fun. I'm predicting we are in the hope phase of the Wall St Cheat Sheet.
If you think about it. That describes what everyone is doing...hoping that BTC is adopted by more people and moves into the next phase (optimism).
I do not believe BTC is crashing. We might have even seen the yearly bottom put in after it found support at the bottom of the...
Monthly TF, BTC broke Rising Wedge, since then been going down.
Question is whether BTC gonna go back up for that retest or just crash down?
BTC was filled as a LV when it went from $9k-10k to $69k.
Rule of thumb: LV always get filled the same way it went either up or down.
But BTC $10k is incoming for sure and real as that LV need to be filled.
It's gonna be a...
/x/aN1gN0YA/
28.8K support seemed strong this morning but it is in the process of breaking down. After that there is no real support until 10k. The line at 19k is resistance, it has never been tested as a support line.
People will become too frightened to invest in crypto, after falling by more than 80% in price. This will cause prices to go even lower,...
