1. Yesterday have a false breakout and price consolidation for a while. As usual, the false breakout will produce a higher magnitude of movement. 2. Today price breaks 2 resistance levels. 3. Now price rejects resistance level + Gann level with shooting star CS @ 5min TF. 4. 15min TF has a spinning top black CS pattern. 5. Since the trend now is bullish, selling...
The resemblence of the this pattern and the May 2021 pattern are too close ignore at this point. We could see a mini push to 44.5k area before we continue to the downside. In May we reached the 1.786 fib extension and this time will be no different. Especially because the 1.786 fib extension in this case also aligns with an area of major support. I know that many...
The recent dip in the crypto market is most likely a result from the scare that Evergrande -- one of the largest real-estate firms in China, may end up defaulting on their debt. Will China bail them out or let them fail? It's China's version of what happened in 2008 in the US.
Evergrande is something that most of you will have heard about lately, and if you haven’t… you should get the know about it. This has been one of the main causes of the latest sell off in markets. Its affecting all financial markets from the stock market to the crypto market right now. I want to explain why that’s the case and what impact it might have going...
As we are all aware Evergrande is in some deep doo-doo. The amount of debt is unknown with bonds, and other derivatives. The Chinese market has been frozen since Monday and scheduled to open tonight. This left many retail investors unable to escape the wrath of which this event is unfolding. As we know the American banks and hedge firms are tied to this event,...
Yesterday saw some significant moves in several key macro factors. The charts below detail the sharp escalation in China stress (at the national, rather than real estate sector specific level) & the impact that had on broader risk appetite in markets. The Evergrande story has been in motion for months. Up until yesterday, contagion had been restricted to...
On Friday Croissant assessed the state of the market on TD Ameritrade Network In the assessment, CEM enlightens us to the short term options market outlook. We are still within the window of weakness (no vanna or charm flows) before the fed announcement, but time is not a bears friend. It's speculated that taper will begin in Nov and will be announced in...
this is my idea in evergrande post fear.. high risk trade.
We are still on for a huge wave up should the dust settle from all the noise. Keep your stops tight at this level and let's make some money!
Hello,Traders! S&P500 broke out of the rising wedge With the gap, most likely on the fears Of the Evergrande default crisis in China Which might spark a chain default reaction In China and across the globe If Beijing does not intervene Taking of the SPY, I don't think that this is the end Of the bullish rally, but a healthy correction is needed So I am...
China`s economic model is based on real estate investment to drive growth. 20 Mil apartment buildings per year. China`s residential property is 20% of GDP every year. Too much! Real estate activities in China close to 30% of GDP every year. Huge! Chinese Government is Bashing the private sector, look at GOTU and BABA for example. Evergrande, second largest...
Watch this idea, would take us below bull market support band, but no reason why we cant recover if we do.
Stocks have plummeted from the news that Evergrande, one of China's largest real estate developers, may file bankruptcy. This would effectively make them "China's Lehman Brothers". Risk sentiment is extremely risk-off right now. Stock indexes world wide have plummeted. The S&P has sliced through the 4400 handle with ease. We should have support from 4364 and...
As China's property giant Evergrande veers toward collapse, its unpaid debts spark protests.
When flipping the BTC chart upside down you can see that there is a clear cup and handle pattern. There was great volume for the breakout of the neckline. Then BTC is now re-testing the neckline. Unless the 47200 range is broken with volume confirmation then I can see BTC falling to 45,550. Thank you for viewing my post.
Major Dump incoming. Get your hedge straight. All financial assets including BTC are going down. I hope I am wrong on this one. BitcoinVsAlts.com
Bearish sentiment building for copper and other metals/commodities from Evergrande debacle in China and copper prices were down sharply this past week. COPX weekly chart closed outside the longer-term (march 2020) regression channel for the 2nd time in the last few weeks also printing a bearish engulfing candle indicating potential for more near-term down. ...
This trendline determines the final destiny of Evergrande. If breached, I will lose hope for any further upside in the future. Big news (positive) is expected over the weekend before open which should give it a good bounce. Trade wisely and free of emotions.