I mainly trade crypto but after having seen some parity with Bitcoin and SPX, I figured I'd drop this and see what comes back up. Would love to hear feedback on it but my general sentiments are that this thing looks toppy as H E Double Hockeystick!! I recently saw that margin debt is at an all time high, stocks as a % of household financial assets is also at an...
This market has been in a downtrend and will continue to follow structure. It bounced off of my trendline and rejected major resistance. This is very bearish on top of it being overbought. There were bearish engulfing candles that showed signs of strength for the bears. There were large wicks forming on the smaller time frame as well. It is also showing it hit an...
Why is this a sell? Market has been trending up for days and the market loves structure. This broke through resistance without a pullback. Due this move upwards it needs to find grounding to validate its move up. This means it will retest our support line to see if this move was valid or not. Think of the forex market like a rubber band. You can stretch it but it...
Looks like on 4H Bitcoin is a little bit overbought. I think we are in rising wedge and if we reach $48-50k zone we can get reject and to appear big sell pressure. I still think we can reach higher levels without seriosly correction, but pullbacks like 10-15% are healthy in my opinion. We can break $50k without retest but i don't think is likely this scenario.
Hedged put position just took ten spreads on Friday 13th for net debit $7. NOT recommended for fainthearted, Big risk/big reward (maybe). There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!
Although NKE has been steadily increasing, we are seeing signs that a turn towards the downwards may be soon. The greatest indication of bearishness is the divergence that we are seeing between the prices movement and the momentum. What signifies a great entry for PUTS is the sell signal given by the Willy Oscillator. Due to a massive bearish sign, I see a target...
As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses. If the short plays out well I would try...
S&P looks to be repeating the same overbought consolidation that leads to a breakout into the upper band of the BTFD (Buy the Fkn Dip) Channel. This seems to occur when everyone is expecting a market correction / BTFD opportunity. Most note worthy was in Aug-Sept 2020 that followed the exact same pattern followed by a 10% correction.
ABT has been continuously failing to push above a Fibonacci resistance while also showing more signs of bearishness. The greatest of them is the divergence that can be seen from the Squeeze Momentum indicator. If a stock is increasing than the stocks momentum should also increase but for this case, that is not true. Another indication of bearishness is the Willy...
PFE seems to be overbought soon, enter short. Target I estimate is first $46 than $45, but the secodn target needs to be checked later again.
UAA hihgly overbought and the shorts are around the conrer. On the short term we could bounce back to $20.
RSI will likely be overbought by the time we reach the PCZ i will be preparing to enter my position when it gets there.
We have seen a huge rally up to resistance however we cannot break through. Most of the bulls have taken profit and it is overbought on the 4 hour. We can expect to see a move down to support if it breaks the maroon trendline. We are still in a bearish market and this only proves we will continue follow structure.
Very Similar to the Bearish Log Scale Butterfly i found on Bitcoin. This setup however does not have the best risk to reward due to the high volatility of this coin. i suggest that if you trade it not to risk a huge amount of cash.
Nothing Very special about this setup just a range.
STRONG SHORT 🔴 Lenin Would Be Proud Of This Short We were one of the first traders who called short (26 July) when BTC spiked above $40k, and everyone else was calling ATH, moon, and bull run. You asked me if the idea ("All-in BTC Short 🔻 TP: $31 700, x10") was still valid: Yes, it's still correct. So, this is a clean remake of the same idea to reinforce our...
We have reached the PCZ of a bearish ABCD on the weekly and have reacted to it and now the RSI is overbought and we may be due for a correction back down to around C.
🏛SILVER has moved up rapidly in the last two days And the growth was stopped by the weekly resistance level From where we are already seeing a bearish reaction I think that Silver is now overbought(relatively) Therefore, a correction is needed So I think that the precious metal will sink further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅