As I have said before, vying for 152+ is pure mental illness borne out of greed and brain-to-bull-market replacement. Times of easy money off longing the dollar are over. CPI has shown this. The only things still up are fuel and rent, and arguably so. As with anything, zoom out before you get excited and lose money. This is the only PSA I will leave here for a...
Hello TradingView Family / Fellow Traders, ~ When in doubt, zoom out! 📰 With all the fundamental news and choppy price action, it is always a good practice to take a break, relax, and look at the big picture. Last week, both BTC and ETH rejected the upper bound of the channel and resistance zones. 📈 For the bulls to remain in control and take over from a...
The second day of the week started with some breakouts from $45K, which has been one struggle zone for many days already. Now that we have broken that zone and resulted in another big green candle (which lately has been common), we have entered into the "Extreme Greed" situation with the marekts! Only based on that index can we assume that we will see a drop, but...
On the 4-hour chart for Bitcoin, we've got an interesting setup developing. The price is teasing the upper boundary of an ascending channel, indicating a strong resistance zone around $38K. Despite recent attempts to breakout from this level, BTC is struggling to hold, signalling potential exhaustion among buyers. With all eyes on the $38K zone, a confirmed break...
Trice is hovering near the 100 EMA and the lower side of the trending channel, suggesting a potential weakness. Despite a recent small bounce, the Fear & Greed Index shows a greedy market, hinting that the bullish sentiment may not hold for long. This scenario, coupled with an overbought market, raises the possibility of a short squeeze or even a continuous...
With markets being greedy and prices being overbought, we are not seeing much bullish movement here (at least not for long). We are still seeing signs of turnover; the only question is, when? As the surge of the $40K zone is increasing and it is acting almost like a magnet, there is a chance of having a shorts squeeze near this zone, but as soon as we reach it,...
i believe profit taking and fear will cause us tohave another dramatic drop here, for liquidity , as we continue to trend up longer term loking for these prices as targts for shorts. looking for a pullback to 42k
Today, I am going to try something different. Let's make a Bottom Bounce Indicator. What is a bottom bounce? Bottom Bounce is a move I saw when analyzing a massive drop. The move caught my eye and has become a staple in how I find and catch a falling Knife. I have my weaknesses and demons just like anyone else. I am severely impatient and extremely an emotional...
The SPY (S&P 500 Index) resembles a quite clear Head & Shoulders Pattern which is generally bearish. The daily candle chart shows a right shoulder forming with a rejection from the $445 area. With this rejection and a continuation downwards, we could see a harder fall if this aligns with the left shoulder and follows the pattern. The other main indices also...
Hello All, As we can see Facebook (Meta) has sold off almost 50%. On a fear and greed chart, we would be entering the fear stage which is now presenting us with good long-term buying opportunities. In the chart we labeled three areas to start Dollar Cost Averaging back into Facebook (META). In the first area, we would allocate the smallest portion while the...
Hello Team this is for long-term investing ONLY! As we enter MAX PAIN ZONES that we warned of on May 21, 2021, & on our Socials make sure to keep your psychology straight. - Remember one thing: "Millionaires are made in the bear markets." meaning this is the time to start planting seeds. - The Lower we go the Better: Looking at Bitcoin from a macro view of...
- Very Basically SOPR (Spent Output Profit Ratio) measures the price bought versus price sold. ( but it's more complex than that ) - Negative SOPR typically means people are selling for a loss. ( red dotted Lines columns ) - Positive SOPR typically means people are selling for a win. ( Blue dotted Lines colums ) - So what we can notice and deduct from this...
Google is near resistance but could push up a bit to tage and test the breakout trendline. The Fear and Greed index has now been trading in the fear side for 2 weeks. Usually prolonged trading in the Fear range foreshadows a near term downward pressure. What makes this intersting is the Fear index range was just tagged on the monthly & Daily time frame.
The market has been rising a lot lately, with many turning bullish. We have a critical event coming that will dictate the direction of the market sentiment. Market broadly believes Fed will reduce rate hike from .50 to .25. I have concerns with this conclusion Unemployment has been decreasing regularly. Inflation is reducing but still high. We see a...
The volume of trading in relation to your capital play an important role in emotional liabilities such greed and fear. Greed let you execute large volume with high risk Fear let you out of the market even when you have a clear setup and edge. The low volume of trading plan play an important role in attenuation of greed and fear gradually. With time you will find...
The Bear market rallies lasting 14-18% since q4, 2021...... ...the exact time FED started raising rates.
FEAR and GREED are familiar feelings to everyone. Non-professional traders trade according to these emotions. As you know, emotions only get in the way, but we can use other people's mistakes for our own purposes. Chart To analyze emotions, let's take the indicator of FEAR and GREED . From December 2019 to February 2020, the indicator was in the zone...
CNN business has a wonderful fear and greed indicator. I love it. So I made my own version to track real time sentiment. Im using junk bonds prices - vix volatility to mimic cnn's version. DIA AAPL GOOGL MSFT TSLA