REVERSAL? BUY OR SELL?Bitcoin will have a bull run to 70k(ATH) when the price bounce in 60100-60200 it will have a reversal if the price stay at 60k area. However, below 60000 expect it to have a bearish reversal. Movement are very synchronize to what my indicator is telling. Thats it for now will update soon please bear in your mind that this is just my opinion DYOR(Do your own research). Happy trading!
ATH
$SPX - S&P 500 new ATHOn Friday 10/25/21 the $SPX - S&P 500 closed at $4,566.48 up +21.58% for a new ATH - up from FY20' high of $4,756.07 an increase of (32.7%) YoY
This was boosted by strong earnings, progress on U.S.-China trade, & $TSLA reaching a new ATH price/share and record breaking market cap of +$1.0T - $SPX contributes to 113.6% daily returns YTD - 7th highest weighting in the S&P 500 at a 1.5% index weighting
After hitting a new high on 06/26/21 the S&P 500 suffered a sharp sell-off amid fears of an economic recession in August FY21' - hat month the S&P 500 dropped (1.8%) - struggled through September FY21' but has rebounded strongly in October - now up more than 6% from its August
Last week’s 1.2% rise set the stage for a potential S&P 500 upside breakout
The market is sending you a very strong message: The cyclical stocks are recovering and they are outperforming. If the economy was going to hit a really bad patch, these stocks wouldn’t be recovering. The market is finally breaking out of this trading range and it is headed higher
Btc scalping in playBtc is forming a nice cup and handle pattern and that is a good indicator for predicting the next move in the formation of the handle consolidation until breakout with small correction all the way is a good sign for this scenario to happen
measuring the target with Fibonacci it leads us to the 74000
The trend is going upwards with small corrections all the way and it proof the strength of the movement
SPX: NEW RECORD HIGH! What's next?Hello traders and investors! Let’s see how the SPX is doing this Monday!
We don’t see any top sign yet, and the 21 ema is holding the price nicely. However, if it does any bearish structure around here, the pullback might lead the index back to the 4,465, which was a previous top level, and probably it’ll work as a support in the future.
We don’t see any bearish structure right now, and we just see a series of higher highs/lows in the 1h chart. Let’s see the daily chart for more clues:
The red line was a previous top and the previous ATH last month. Last Friday, it did what seems to be a Doji / Spinning Top, but the pattern wasn’t triggered. In fact, we are trading above Friday’s high, which just indicates strength.
The 21 ema in the daily chart is quite far from the price, but it is going up, and now it is near the support at 4,465, reinforcing the idea that it might stop there in case of a pullback. We also see the 4,429 area, but I’m not working with this possibility at the moment.
Even if the SPX does a pullback, let’s remember that the index is in a mid/long-term bull trend, and moments like this are opportunities to buy.
If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if it helped!
Have a good day!
25/10/2021 UpdateJust another update for the daily chart..
BTCUSD looks right on track. Past couple days over the weekend, the 'over bought' indicators have been reset. The TD sequential was reset from overextended a day or so ago, daily RSI has come back down leaving more room to go up.
Tagged the daily 13EMA but still have not hit that all awaited for touch of the 21EMA however this chart shows BTC holding the red box as support, the resistance holding us down is the 1.272 fib level from swing low to swing high (at the time). As long as we stay inside the box IMO we will break out after slight consolidation but MHO I think we will break the box this week and see new ATH's again this week or next.
Thanks for reading :)
Jakk.BTC
THE 4HR 200MA DUMP + A NEW ATH PRINTED AFTERWARDSThis data I have only pulled from about year back. I actually stumbled upon the information one day when I was doing a top down analysis on SPY.
Studying data at least from JUN of 2020 until now, using the 4hr chart in combination with the 200MA. I begin to notice a pattern that was occurring. The market seemed to dip in the 3rd week of every other month back to the 200MA.
The sell offs aren't really surprising being that market will always correct. What's unique is the "behavior pattern" that it/we showed quarter after quarter. We get sell off into the 200MA, it chops around, then by the 2nd week of the following month, we get a sentiment change and a bull run. The market historically has printed a new ATH every time.
This theory once again played out today as of OCT 25th 2021, SPY put in a new ATH. With this run starting roughly two weeks ago.
I timed it perfectly and made some nice profit over the last few weeks. My biggest trade actually was #PINS(Pinterest), I banked 497% on that play. I grabbed a 57.5 call with an entry at 53. price eventually broke out & pushed to $66.
Trades like that can happen, especially when the entire market is overall bullish. Moving forward, try to keep a mental clock of where we are during each month in comparison to where the market is trading. Could save you a headache or 3.
Ethereum ascending triangle breakout new ATH incomingAfter the initial sell off after reaching a new all time high there has been strong support around the $4000 price point which is where the 20 day moving average is present, strong evidence is shown by the dragonfly doji candles at the bottom of the triangle presenting large buying pressure. Strong resistance is highlighted in the red box, if buyers remain strong the expected price target will be $4500. The RSI still has lots of upwards space before Ethereum enters into an overbought state which is an indicator a sell off could be imminent. Currently we will either continue to test the bottom of the triangle again or breakout upwards. MACD indicator positive crossover.
Shiba Inu nears ATH as Robinhood include SHIB in surveyA few days ago, the market value of Shiba Inu (SHIB) spiked momentarily following rumors that the popular retail trading platform Robinhood was going to list it. This time, however, there is a piece of evidence to believe that Robinhood may be considering listing the SHIB token in the future, and this has awoken the price to almost its all-time high (ATH).
BTC ANALYSISBTC just broke its trendline and is now consolidating near the $60k-61k zone.
The first possible move is to consolidate in this zone and then rise towards its ATH after accumulation is complete.
The second option is to take a liquidity dip into $58.5k-$57.5k and then bounce back towards the ATH.
If you look closely at the chart, you can see that BTC is going to enter the Ichimoku Cloud, which indicates that consolidation is on the way.
In either case, the Alt Coins will benefit.
So its good time to accumulate major ALT's too.
I'd suggest accumulating BTC in parts during consolidation or on a dip.
ALT's that have bottomed out or retraced should also be accumulated.
Dollar Cost Averaging would be the best technique in order to invest now.
SP500 ready for a new ATH 🦐 SP500 after our previous analysis reached as expected the previous ath.
The market is now trading below a resistance and according to Plancton's strategy if the price will break above we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AMAT go ZOOOOOMAMAT is bound for a strong impulsive move
✅ Phase 1: a harsh pullback
✅ Phase 2: a period of consolidation
✅ Phase 3 : an impulsive move to the 0.61 line of the pullback move
❌ Phase 4: another consolidation perdiod: Skipped
✅ Phase 5: a drop to the 0.38 line of the fib retracement
🤩 Phase 6: Back to the top we go
$BTC/USD: Moon Trading & Technical AnalysisAs we can see, Bitcoin has to overcome two more supports on the Fibonacci retracement before truly and strongly going to higher scenarios. The current daily candlestick is breaking down with a massive volume over the average which means the big players and whales are involved in this particular price. The market doesn't want the price to go higher just yet. There is a little bit of manipulation as well as a psychological response from the overal market to the new ATH.
I don't advice to go long unless you are buying in the area below 20 level on the RSI. At least, in my trading plan this always works.
Once the RSI is on below 20 and Bitcoin is rejecting the Fibonacci retracement's supports, I am going long very hard.
Not financial advice, but for educational purposes only, always do your own diligent research.
Peace! Be safe and profitable!