2022
Crude Oil is BearishNYMEX:CL1!
Crude Oil futures marked on the 4h chart
After being neutral the past week due to ranging behavior, CL has just possibly shown its hand on where it is headed to in the short term.
Confluences
Overall bearish order flow since the summer.
Liquidity grab at the double top (marked with the X line).
Market Structure Shift (MSS) by breaking the short term low at ~87.60.
Retraced into 4h imbalance and rejected it, thus showing it is respecting a premium price and now seeking a discount.
In premium of September 26 - October 9 dealing range as shown by the fibonacci.
Looks like bread-and-butter sell model in the making.
Current signs show oil is intending to go lower. I am anticipating at least 81.30 as a target level because there is a liquidity void resting below it.
Bitcoin bull market 2021The main support and resistance levels of Bitcoin during 2021 mapped out. Our top for 2021 is in at 69K, the question remains what we could expect for 2022. In my opinion we could expect more downside unless we break resistance and close 2 consecutive weeks above the bull market support band (now at 52,5K).
Like I said in my last idea, we have been in a mark up phase for 3 years now, starting in December 2018 which ran all the way to November 2021. Every mark up phase is followed by a mark down phase and we already extended 6 more months compared to the 2017 cycle. Given 99% of retail did not take profits because "this time it's different" - I do expect a capitulation during 2022 - although price does not necessarily have to stay below the current resistance trendline. A relief rally will come, whether in January after a further correction in the coming weeks or vice versa. All in all, I think 2022 will be a tough year for the bulls. I look forward to how price action will develop over the holidays and Q1 2022 and I expect opportunities between Q2 and Q4 2022 for those who have buying power.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Bitcoin possible target zone 2022Bitcoin finally showing its weakness due to the FTX scandal with SBF. We have two trendlines that are converging together to give us a possible price of $13k to as low as $8k with a middle price of $11k. What is also important to notice is the coming Ripple vs SEC case which should be wrapping up in late March 2023 that can affect the crypto markets in a positive way once this is all resolved and Ripple is given the clarity it is looking for.
⚽️ Chiliz is Chilling as the World Cup Approaches!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 As the World Cup 2022 gets closer, many coins / tokens will get more exposure in a way or another.
CHZ is one of these projects. As you noticed, CHZ has been standing strong for the last couple of weeks unlike many altcoins.
🗒 Why CHZ ?:
CHZ is an ERC-20 token that runs on an Ethereum-based Chiliz blockchain. The token serves as currency that allows users to purchase NFTs at Chiliz' Socios fan token marketplace. There would be no CHZ token without Socios.
ChiliZ token ( CHZ ) is the official, exclusive utility token that operates on the Socios.com fan voting portal. Using this platform, sports and e-sports enthusiasts can participate in the management process of their favorite teams, leagues, games, and events.
📉 Technical Analysis:
CHZ has been stuck inside a big range in the shape of an inverse head and shoulders pattern.
For the bulls to take over from a long-term perspective, we need a weekly candle close above the gray neckline (around 0.3) which is also a support and resistance zone.
Meanwhile, as we approach the green support again, I will be looking for short-term buy setups.
What do you think? Will CHZ be used more during the World Cup? and will it affect its price / value?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GDP is Bad and You Should Feel BadThe GDP number of 2.7% growth is being propped up by net exports, while consumption is at a cycle low. This is horrible for earnings expectations and risk assets. Net exports were at a low in prior quarters, making the economy look worse off than it was. Now the economy is actually worse off than it is and the metric is instead making it look better. This is why the NBER doesn't use "two quarters of negative GDP" to date recessions. There are too many false signals.
Don't fall for the GDP meme. The pain is coming.
ALGOOAAALLLL ⚽️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last idea (attached in the Related Ideas below), you know that I am keeping an eye on tokens that might get more exposure during the World Cup 2022.
Here is a quick reminder:
FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.
The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
Source: Tweet attached on the chart
📉Technical Analysis:
ALGO lately rejected a weekly support zone 0.20 - 0.30 and since then it has been stuck inside a big range.
For the bulls to take over from a long-term perspective, we need a momentum daily candle close above the upper bound of the range (gray zone) around 0.440
Meanwhile, if ALGO rejected the upper gray zone and trades lower, we will be looking for short-term buy setups as it approaches the lower gray zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Overview of Cryptocurrency Volatility - October, 2022.Analysis of the volatility index in October on different timeframes.
Currency - US Dollar (Calculated using Tradingview), or analogues of USDT, BUSD.
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. LIT - 821.42% (High&Low: 1061.56%)
2. MASK - 657.69% (High&Low: 1330.04%)
3. INJ - 638.83% (High&Low: 1340.52%)
4. KLAY - 616.82% (High&Low: 1308.41%)
5. SUSHI - 614.19% (High&Low: 1232.87%)
6. RSR - 604.01% (High&Low: 1270.21%)
7. OP - 573.36% (High&Low: 1080.69%)
8. DOGE - 555.22% (High&Low: 1243.72%)
9. REEF - 544.62% (High&Low: 1177.31%)
10. JASMY - 544.37% (High&Low: 1104.02%)
11. ENS - 525.54% (High&Low: 1073.75%)
12. LINA - 524.26% (High&Low: 1072.65%)
13. LDO - 518.83% (High&Low: 991.55%)
14. DODO - 515.82% (High&Low: 1052.47%)
15. CHZ - 494.96% (High&Low: 1020.97%)
The coin showed the worst result: BTC - 187.65% (High&Low: 434.12%)
Top 15 Coins (1 day):
1. KLAY - 211.88% (High&Low: 415.78%)
2. LIT - 191.73% (High&Low: 408.44%)
3. MASK - 161.83% (High&Low: 347.11%)
4. SUSHI - 161.16% (High&Low: 298.66%)
5. INJ - 140.81% (High&Low: 311.64%)
6. OP - 137.32% (High&Low: 290.38%)
7. DOGE - 133.23% (High&Low: 293.44%)
8. RSR - 132.17% (High&Low: 301.14%)
9. REEF - 119.91% (High&Low: 296.06%)
10. JASMY - 115.56% (High&Low: 268.9%)
11. LDO - 114.36% (High&Low: 230%)
12. ENS - 111.9% (High&Low: 247.81%)
13. CHZ - 106.25% (High&Low: 238.25%)
14. LINA - 103.79% (High&Low: 232.37%)
15. LEVER - 102.28% (High&Low: 232.06%)
The coin showed the worst result: TRX - 32.26% (High&Low: 81.59%)
Top 15 Coins (October):
1. DOGE - 106.01% (High&Low: 156.01%)
2. MASK - 96.62% (High&Low: 179.12%)
3. LIT - 56.74% (High&Low: 71.9%)
4. SUSHI - 44.99% (High&Low: 79.45%)
5. INJ - 43.12% (High&Low: 67.71%)
6. KLAY - 32.79% (High&Low: 114.76%)
7. DYDX - 28.94% (High&Low: 58.54%)
8. WOO - 28.38% (High&Low: 45.07%)
9. BAL - 28.23% (High&Low: 56.07%)
10. AXS - 26.73% (High&Low: 39.09%)
11. HNT - 24.53% (High&Low: 35.66%)
12. RSR - 24.33% (High&Low: 62.71%)
13. KNC - 23.04% (High&Low: 32.84%)
14. EGLD - 22.74% (High&Low: 28.78%)
15. JASMY - 22.32% (High&Low: 42.21%)
The coin showed the worst result: CELR - 0.07% (High&Low: 23.74%)
Thanks for your attention!
Stop Trading the Fed Funds RateThe fed usually hikes into growth and eases when it realizes the economy is too weak to absorb the impact of the hikes, so historically stocks usually rise as the hiking begins and crashes when the fed takes their foot off the pedal.
This time the fed is late. They hike as the housing market is brought to its knees and the economy is slowing. Equities are down, but this is not due to recession expectations. The bond market has reacted to rate hikes, bond yields rise, the discount rate affects the equity market by eating away at their earnings targets. The higher the yield is, the more your company has to make than that in growth to give incentive to invest in it over just holding fixed income. Rate hikes have many systemic effects like this that increase the cost of credit and directly impact the equity market.
If you're holding risk assets you're better off with the Fed holding the line with the hikes in the short term. In the longer term we are screwed no matter what levers the fed pulls. Monetary magic can not save the economy now.
Easing or slowing the hikes (which isn't my prediction, but a market's hope) would be a signal to another group of market participants that we haven't seen sell anything yet who are trading based off of what easing signals. So far equities have only reacted to changes in the discount rate. They have not started pricing in a recession and current price action is a bet on temporary economic contraction with no hard landing.
Three different recession, three different initial conditions, same market behavior:
The probability of a soft landing is zero percent. The mystery of this market isn't the direction it's how low it's actually going to go. The more funny retail money enters this market, the higher the chance we could see unprecedented drawdowns far worse than anyone so far has expected.
Everyone in retail, their aunt, uncle, grandma, and dog, is trading speculatively based off the fed funds rate. They believe that a change in the pace of hikes or basis point increases will breathe life into the economy. They have not traded a market like this before.
If you think the economy can recover without a crash, park into cash and sit this one out. Stop listening to these talking heads in mainstream media telling you everything will be ok. You are the customer and the product holding up their portfolio as they exit leaving you holding the bag.
2022 Crash - My plan to trade the volatility I don't really post these for anyone else but for my own intuition to see how it turns out. But I'll have a go at explaining for anyone who finds it worth reading.
I've been waiting for this moment for a long time - and at times, been impatient. But it is now becoming clear where we are in this 'volatility cycle', in comparison to the volatility cycle of the 2008 financial crisis.
I'm sure many of us are aware of the risk of serious economic crisis literally around the corner. Not to say I/we know when, or how serious -but rather that I'm pretty cock sure there is elevated risk of serious economic crisis.
I won't go too deep into the macros because, well, you should know. And the conclusion I come to with what I think I know is that the fed may have created a multi asset bubble. How? Go google what % of dollars currently in circulation were printed in 2019-20.
To conclude, kicking the covid recession can down the road gave us the final over extended bull run of. Bringing the end to a 12 year bull market. This goes for economic cycle too - monetary policy has been largely loose for this entire period (correct me if I'm wrong, I haven't actually checked the data on this.). But I do know it has been loose for a long time and the fed has stood ready to rescue markets and the economy where required to keep things tidy - ie. markets and economies growing.
But as we all know, economies go in cycles, too. And after every boom comes a necessary evil - the recession. After every recession comes a boom again.
We need a recession - but the further the can is kicked down the road, the higher the risk that it goes deep.
Long story short and probably way to brief, the fed and government's over stimulation of the economy plus the supply issues born from pandemic and war have caused dollar devaluation and inflation. I don't care what anyone says - the SPX should not have gained 120% from the Covid lows. This is just silliness because of overstimulation (Michael Burry would agree).
Why? How? Go google what % of dollars currently in circulation were printed in 2019-20.
I'm surely not the only who sees things this way, right?
All of this, plus some amateur looking TA comparison to 2008, and staring at these charts for far too many hours, days, weeks, months, - I think capitulation is around the corner. Terrible news for most, I know. I don't wish for this to happen - I'm just following the fed. And would rather profit from the consequences of policy mistakes (kicking the can down the road) finally being rectified (Quantitative tightening, increasing interest rates = restrictive monetary policy = no more money printer until inflation and demand and prices calm tf down).
So, how do I plan to profit from this?
Well, volatility takes off to it's high's of $90 when we see capitulation. But, if history rhymes, we will see one last rally in the SPX - and the last sustained drop in volatility before a capitulation event. I am short VIX currently, but stand ready to build long VIX at tops of SPX rallies, eventually neutralising my position towards support, and phasing out shorts and tightening up stops on shorts. I expect this to happen over the next 1-2 months. Let me be clear - the short position is no biggy here - it's just because clearly we may see a relief rally soon, before capitulation. So I expect volatility to drop BEFORE taking off. So I'm short, phasing into long. Then I'll see you all when VIX is at $80-90 - then I will phase out of longs into MAXIMUM short positions on VIX. Let me be clear - I'd short VIX at $80-$90 with everything I have. And I plan to. Seriously. I encourage you to think about it and debate your reasons why that is a bad idea.
And with the proceeds from going long VIX through the volatility spike and then shorting VIX at $80-90, once volatility drops to c$35-25, I will start phasing into QQQ - 3 x leveraged Nasdaq 100.
Anyway, the anticipated capitulation event could be triggered by any external factor - war escalating, fed increasing rates more than expected, something completely unforeseen etc etc, it's not important - what's important is that the economy has been running hot, inflation is high, asset prices are in bubble territory, and as a result the whole system is vulnerable - we just need something to happen for it to be an excuse for the dominoes to fall as they should at the peak of an economic cycle, and should have happened two years ago. Then, once the dust settles in a couple years (possibly longer depending how bad) we can all grow sustainably (hopefully in more ways than one) again in the next boom cycle.
Thank you for reading.
This is not financial advice
Omg guys, is this it? BTC relief?I feel like we've been in this 18-20k area FOREVER. But BTC is finally looking like it could do a little pamp anytime now... We've been holding the POC nicely and now it's looking like we're going to retest the local resistance at 20175.
on the 1d, momentum is increasing and is approaching the midline; money flow and VWAP are pointing up
Big Picture
Enter = 19400
SL = 18604
Target 1 = 21173
Target 2 = 21907
Target 3 = 23965
HBAR looks ripe :)HBAR looks ripe for longs... what do you think?
waiting for the 18h candle to confirm above the POC; momentum is increasing; Money flow and VWAP look like they are crossing up.
Big picture
Enter (POC) = 0.0615
SL (near VAL) = 0.0557
Target 1 = 0.0666
Target 2 = 0.0754
Target 3 = 0.0831
Little picture
Enter (POC) = 0.0615
SL = 0.0596
Exit = 0.0666
Got my eyes on MATICMATIC is starting to boop the descending trend line, so I got eyes on it. Price and momentum are increasing. VWAP also coming up. Money flow pointing down on the 1d, but pointing up on the 2d and 3d.
I'll be watching for a confirmed break and hold on the descending trendline.
Scenario 1- Long
Enter = 0.8350 - 0.8450
SL = 0.7730
Target 1 (POC) = 0.8930
Target 2 (Resistance) = 0.9718
Target 3 (VAH) = 1.0330
If it doesn't break and hold the descending trendline, then it will likely try to retest the VAL (also the 0.50 Fib). If it breaks the ascending trendline and the support/0382 fib area, I'll be looking for shorts
Scenario 2 - Short
Enter = 0.7650
SL = 0.7930
Target (VAL & 0.50 fib) = 0.6815