Good morning.
Dealer gamma registers at extreme -1208MM. Liquidity is very thin which can unleash big moves in both directions. Open interest data shows that investors bought out-of-the-money-puts en masse yesterday, which makes the very low VIX reading even more obscure.
This is a dangerous and very fragile market. Do not rely on technicals and stay...
A lot of investors are probably asking, WHY IS THIS HAPPENING? We're seeing unbelievable amounts of deleveraging, not just in the cryptocurrency market. Over the last several months, I have posted consistently on why I believed there was significant risk for something like this to occur.
Within the crypto market itself, we're now seeing consistent bad news....
This is a bullish potential on 200 weekly moving average , it never broke before but violated for 2 times ! look at the picture on chart or the comments!
I've been waiting for this moment for long time , just ready for 22k to 25k . This recommendation is just for spot and not for future or leveraged tokens.
Bitcoin can violate this area and drop more to 20 or...
It is starting to be apparent that algorithm stable coins are toxic and verging on Ponzi schemes. I was not aware of UST, LUNA's based stable coin, until somebody pointed out to me that it is the reason that Luna is tanking. Although initially Luna was dropping because of weakness in the market, it probably triggered a run on the money for UST and the algorithm...
OK I talk about the levels I'm seeing. Could all be a bear trap, or we flush first to 3900, 27k for BTC. Either way, I don't think it just drops through yet. Expecting a bounce soon.
If you check out what me and my partner @Mayfair_Ventures have been saying for MONTHS, you will see that yesterday proved us right. If you are serious about trading, then take the time to actually read these posts and watch these streams, and you will learn a LOT.
Look at the Elliott Wave plot. We recognised the Big Blue 3 as the MONTHLY 3, leading us to expect a...
Trying to find the explanation of what went SO wrong with Luna i found the best possible explanation here :
$UST fell to a low of $0.66 while $LUNA crashed to a low of $24.85 overnight.
Lessons learned from $LUNA $UST disastrous collapse 👇🧵
But let's assess what actually happened.
- $UST deposits on Anchor fell 43% in a day (currently $6.7bn)
- $UST...
The S&P 500 crashed below 4000 yesterday as selling continued unabated despite hopes of an intraday recovery. However, the drop to the session lows of 3975 may have hit an important support level. The modified pitchfork drawn off the all time high of Jan 4 '22 and the first crash lows of 4818 and connected to the Feb 24th low of 4115 shows how the index found...
Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall.
Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and...
EURTRY :
Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021
We had then calculated and prognosed with great precision the levels (rise to 15,7) :
The price has done us the favor then and normalized/consolidated around that level (15,7) :
At this stage, Central bank has kept the lira's rates unchanged (good news because...
Hey Everyone! 👋
Whew, what a week. Assets across the board got smoked, and the Nasdaq officially ended the week in bear market territory. For crypto traders, Bitcoin, Ethereum, and some other crypto assets have been cut in half, or more. Despite the S&P 500 being down only 13-14% from highs, only 25% of all listed stocks are above their 200 day moving average....
In my original Weekend Update I stated...
"Deciphering overlapping moves is a complicated exercise. Truth be told sometimes these patterns do not reveal their correct identity till there almost complete. As of right now I'm still expecting this bottom to complete in a 3 wave move. This "a" wave is a little long and had a micro ending diagonal to complete. I...
Using a standard MACD and an indicator which colorizes price based on MACD signals, it can be observed that the current price decline looks similar to previous corrections and crashes with the exception of the Covid crash which was a rare black swan event. Assuming another black swan isn't upon us, and basing predictions on past performance, (two yellow flags,...
If a deleveraging like 1999 is happening, perhaps we will see 1999-2008 in oil play out in a similar fashion? Not saying it will or won't happen, but it currently looks like oil is setting up momentum for a future breakout.
I copied the bars pattern from 1999 to 2008. Maybe it's too bullish? Or maybe not bullish enough. I would venture to say that it seems so...
For those of us old enough to remember the glorious movie, The Godfather III, there is a thrilling scene where Michael Corleone (Al Pacino) explains...
“Just when I thought I was out, they pull me back in.”
You are Don Corleone in this market.
You are positive; you are by default a bull; you want the market to go up.
You have fear of missing out (FOMO) if the...
Horizontal Volume Indicator or Volume Profile is a simple indicator that helps to identify: value areas (support or resistance zones) and liquidity gaps. In this idea I will explain how to use the indicator and mark these areas to make trades and why it works.
Let's start at the beginning.
💹What are value areas (support and resistance zones)?
🔶The value...
Looking at the 50 day MA and 150 day MA, these bad boys are about to cross each other again. Here are my views why this could be a great thing.
1.Last time this happened was on the 4th of september 2021 and in 6 weeks we had a new ATH
2.We've been making higher lows since the 24th of January 2022
3.There's more volume being traded at these prices than the...
NYSE:PLTR
the price of PLTR has been declining for quite sometime now. trading at a significant discount.
if you liked this stock at 25 then you will love it under 11
we have a type two return (double bottom) on the daily timeframe while showing strong hidden bullish divergence.
trading in a deep value you area here i could see reversal coming soon.
price...
