STOXX 600 INDEX: deflationary pressure will decimate this sector. the Opportunity is SHORT until yellow zone highlighted - strong possibility to go lower, be careful not to fall for the dummy BULL - its a sucker punch!
The figure shows how long the previous market crashes have taken in time and how the crashes have always had significant upwards retracements in it. The overall trend of 2020 is now confirmed to bearish and there is a lot to come in the near future. Stay tuned!
I know some chart formations, but could this be the rarly seen diamond formation ?
I was one of the #coinvestorarmy I NEVER WOULD SHORT BITCOIN, not for a minute, not for a day, but if this is a diamont formation, we can but some more cheap coin
Learm more about the diamont formation:
Invest smart !
Mostly reference purposes here.
What an epic setup.
1. RSI flipping from buy to sell on the 1D and 4H and holding closely to the sell dashed line in the 4H or 30M
2. OBV trend change, up or down in the 1D or 4H overall but here the 1H and 30M will give quicker signals of the trend change
3. 1D VPT as RSI flipping from buy to sell and 4h holding...
Ok people, things are about ready to boil over here.
Everyone is holding their breath and crossing their fingers that all the economic data dropping first week of June 'won't be as bad as expected' so the market will then rebound.
It's all hopes and dreams though. It's gonna be worse, decent chance of MUCH worse.
If we get to the end of June, and I have to sell...
we're having some nice channel movement ongoing and if we hit the major resistance at 2.9, retrace down to 2.6 and hold 2.6 i think we have potential to go to retest the ATH.
i am watching 2.6 to see if it acts as major support. if it's broken through with volume to the downside then this formation is invalid and we will probably retest the lows of where the...
We all knew it was going to happen, here it is, the markets have been propped up by the feds and global economies haven't been good for a while, been waiting for the straw that broke the camels back....
aaaaaannd, here it is, coronavirus shutting the global economies down will make this a recession and eventually a depression soon.
Continuation of the idea
I divided my risk into 3
Play is like the above
Very tight SL, if Stop is hit i'll observe the bullish impulse, $155+ is where i would look to short again according to PA ofc
There is a good chance this move has not finished, T1 would reduce my exposure greatly if things go other side.
If $102 would be reached & price reverse from that...
Long term bitcoin outlook
Many much smarter people than me believe that as banks intensify their quantitative easing and rates go to 0, bitcoins case as a new new international monetary system stands stronger than ever.
With futures going in backwardation and derivatives funding rewards longs, we could see bitcoin reaccumulate and bounce strongly towards a...
Im just amazed at the speed and volume trading volumes have move in , over essentially the last month
Please note 20 MA applies (Yellow). Its still too early to figure your getting a ferrari off this setup
but lets watch and wait for this to play out ..
Market Crash 2020
We are in the state of anxiety. Traders left with disappointment after president Trump failed to reassure that the virus can contain through US.
This epidemic disrupted international trade and travel. Experts says it took one and a half year to develop the coronavirus vaccine while the disease spreading faster.
The latest slide began...