A buying strategy in a downtrend.
How to identify buying opportunity in a downtrend?
Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises.
Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend.
Discussion: Rules in constructing a downtrend parallel...
The Nasdaq composite index did tag the 200 week average last week. This technical measure has proven itself as a trend filter and decent support throughout the history of the index. The measure was even support for several squeezes in 2008 before the shoe dropped in September of that year. Seasonal tendencies are also positive into mid-July.
-Jamie Saettele
Bitcoin could be approaching a cycle low in the next 3-9 months.
Zooming in on the weekly chart, you'll see that price tends to develop a horizontally defined resistance *after* hitting a cycle low and consolidating. Once price breaks out from that resistance, it triggers a buy signal. This is the type of action I want to see to get long with size.
On the...
Natural Gas:
The essence of techncial analysis (at least in my opinion) is ascertaining the ebb and flow of supply and demand.
Natural Gas futures offers a great example of a market which, despite ultra-bullish headlines, displayed clear signs of strengthening supply/falling demand prior to breaking hard. The reduction of thrust or the declining net result of...
This is a simple yet extremely informative analysis of the Dow Jones (DJI) index on how its multi-year correlation with the Unemployment Rate (black trend-line) and the Inflation Rate (grey trend-line) provide the ultimate Entry/ Exit signals on the long-term. The blue trend-line is Dow's 1M MA50 and the green is the 1M MA100.
As you see, with the sample starting...
Here we have the Yield Curve: Treasuries are shown from lowest duration (US03MY) to highest duration (US30Y). Normally, the lowest duration treasuries yield the least (least) and the highest duration treasuries yield the most (riskiest). However, now the 3-Year Treasury yields more than the 5 year, 10 year and 30 year. The Fed has decided on a hard landing and...
How long does it take to become consistently profitable as a trader? This is one of the most searched questions in the Internet when it comes to trading and the beauty is there's no right answer. When you do receive an answer, it's miss leading to beginners and everyone gets confused. There's a solid chance that you've looked at this before, or perhaps you just...
Just a quick publication to answer the numerous messages. The are all along the same line, is $12k coming? Such and such said $6k etc.
This is ‘capitulation’, it is a good thing. The market needs to flush out those weak hands to move on. Once they are gone, it’s over. To help put the bearish sentiment into perspective, the above monthly chart is Bitcoin over the...
Today we got a news that ProShares is apparently listing their Short Bitcoin ETF on Tuesday, June 21. What does it mean to the market? Let's examine.
First of all, market looks bad af from the technical side . We broke all the supports, including Weekly MA200 and at the moment $BTC trades below $20,000 psychological level. Altcoins are bleeding as well, ...
In 2021, as the US central bank and the Secretary of the Treasury continued to call rising inflation a “transitory” and pandemic-inspired event, the bond market declined. Bonds watched prices rise while the economists were pouring over stale data. Meanwhile, the Fed and government planted inflationary seeds that sprouted during the second half of 2020, bloomed in...
All in the video, nothing to buy yet, but there are some signs of strength this week even with the market tanking. Tickers covered - MJ, CGC, TLRY, CRON, MSOS
Hi Traders
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Over the past few weeks I have heard many opinions on the commodity Copper and it's great upside potential. Some economists are even saying that Copper may outperform Gold this...
Everyone is so focused on what Bitcoin is not doing that there’s a real risk the best opportunities are passing us by. Those opportunities are found in the alt tokens following massive sell offs. We find them by studying the BTC pairs. Those studies are assisted by focusing on time frames greater than the daily chart during times of such uncertainty.
On the above...
Here's where the big breaking of the bull trend may come in SPX. It might be made.
Here's where the big breaking of the bull trend came in the DJI of 1929.
The breaking of this 161 level has been the best leading signal of major market failure.
DJI
Nikkei
SPX?
Here we always bounce from the 161 to just over the 127 fib. If this signal is in play,...
China's Large Cap ETF (FXI) is showing notable bullish Relative Strength (RS) compared to the Nasdaq (0.26 on the Daily RS, using a 50 period timeframe). The typical RS between these two fluctuates between -0.15 - 0.10. FXI also tends to have quite a strong correlation coefficient vs. NDX, but we're finally seeing that break down (0.24 on the Daily w/ a 50 length...
The markets are emotional and so are the people who trade them. But that doesn’t mean you have to let it affect you. Instead, learn how to control your emotions and make more money. Here are five simple ways you can control your emotions in trading and make more money.
Don’t let your emotions dictate your trading
It’s important to remember that your emotions...
BTC / USD
BTC finally hit 200W MA that I mentioned alot before
In past these dynamic supports are always around ultimate bottom of bear market
We can also accept a flash crash /wick to hit 300W MA (around 16k) but the important thing the weekly close to be above 200w ( 22.5k)
WEEKLY RSI :
Another important thing i want to show you is WEEKLY RSI :
we...
What's up traders, gamblers, hodlers?
Been a while since I last posted an analysis and this was mostly because I've been in denial that we were in a bear market. Bias is a b#...
There is hope though... You see, in the 2 previous bear markets about halfway between halvings, bitcoin has found its bottom on the 200 weekly SMA which acted as support. So maybe, just...
