copy of the bar pattern from the last top may explain the bull trap and project the path to trend retest worth noting the timing of the upthrust coincides with Ukraine war start last time and Israel war this time
As you might have heard headlines like "97% of the gains in SNP this year are made up by the top 15 companies" "Worst market breadth of all time" Here's a chart of the big 5 (FAANG with microsoft instead of google) Those "TECH" companies are seemingly ignoring bearish economics and skyrocketing on AI But...how long will it last when people are seeing 30%...
People love to compare 2023 spring to 2019 spring a lot so here we have it 2019 stopped at the mid-bull correction low which for us now is ~30k We also see double fractals on each wave going from higher high at the start to lower highe here signaling potential top s3.tradingview.com For 34k enjoyers i have bad news here similar to how we bears got caught on...
Downtrend, ema 100 and previous support getting a nice retest on CPI day Let the chips fall where they may, today is going to be a fun day
Bulls playing their last cards with fake economic data Inflation and War here to stay and so is the downtrend especially on crypto here's some lines and extensions for you
Bulls keep buying while structure and RSI are failing (see forming bear div) But the biggest divergence is one with reality of FTX collapse versus being just 10% away from pre-ftx lows and still higher than June low on total capitalization chart.
Crypto celebrating bottom early what looks like relief (the fastest ever!) wyckoff bottom Disaster averted! crypto is saved But actually macro has been carrying bulls very nicely away from doom but that is about to change possibly as macro approaches reversal Here's a chart showing the SPX channel top, the dxy trend fib "overextension" and a descending triangle...
I know I posted a bearish medium-term idea This is a short term bear on multiple indicators - I want to try to post some of my intraday trades Here we see several things - emas about to cross down - rsi weakness and inability to form a bull div - macd cross rejection toward bear side - head and shoulders pattern All the same signs also visible on 4h chart
3 weeks ago we saw fakeout from major bear edge getting sent down to slide the edge until a minor uptrend was established Now seeing this minor uptrend rejected on the parent downtrend resistance we can see that this downtrend's support and bear edge form an average level at the June low support This level also matches the downtrend fib extension 1.618 What is...
Fib extensions on the DXY trend since June I picked that range since thats where the clean uptrend started I expect the retracement to be one notch higher than the previous two because of war and inflation both worsening I would become bearish on dxy if retracement is more fib levels than in the previous legs (and thereby challenges previous highs) and look to...
Chat buddy pointed out similarities to 2008 PA just prior to the infamous crash So here's a chart attempting to overlay the same bar pattern from 2008 onto the current PA and trend As you can see the overlap is remarkable... Also included are a longterm fib retracement on the major uptrend and a fib extension on the minor downtrend I will be honest this is...
This is it boys We had our bear rally We had hopes of inflation easing and war cooling down and eth merge Things only got worse... So which way is this range going to break? as we sit at the bottom of the range and observe various alts making some unusual pumps, finally btc has moved up in a short squeeze Big red flags the crypto macro charts - big spike down...
DXY just made a push up on market open But the RSI keeps showing lower strength on each push supporting the idea of a distribution The double chart shows a possible bear div forming (shown by dotted red lines) on the hourly If it plays out then it could cascade into a bear div forming on the daily as well As you know from my previous idea, the bear div on the...
To continue on my previous idea with a better chart DXY strength has been waning as it went up Now we see a bearish divergence on weekly (strong indicator) Double top pattern almost fully formed Full Fibonaci retracement it could go lower to make a HNS before dumping in a few months, or could go right here Generally speaking the US is strong enough to set a new...
I heard everyone is bear so here's a Bull chart of S&P, Dollar and Gold - S&P retracing from the bear rally - may be finding support here on the upper bear trendline - Gold - cup and handle waiting to break up - DXY - testing resistance line - may create a double top if stays under With fed being on vacation I'm expecting a relief for bulls as we range on latest...
what charts are showing BINANCE:BTCUSDT - confirmed trend breakout on totals (total crypto cap minus usdc and usdt) - btc.d breakout bouncing off support (at 40%) and approaching top breakout - usdt and usdc capitalization decline revrsing in a rounding bottom - tons of liquidity gathered in alts including eth (which sits at ethbtc historic resistance) -...
Bottom's in Boyz!! Eh Solde? Wen Lambo? Yes we're in tightening macro conditions doesn't mean it's a free ride for bears If we're indeed in the recession, lows won't come until another year from now Putin said he's not holding grain from Ukraine on Friday might see some supply ease Papa Powell gonna keep us safu
- Based on altcoin dominances indicating risk-on activities I believe we're not in a bear market - So we're just retracing but why is the chart so bearish? - Wyckoff 3.0 - everybody is too smartass these days buying the dip - look at open interest and funding rates - Make this dip look extra bearish by: breaking ema's, key fibs and major trendlines to get them to...