GBP / USD Short IdeaBearish Chart pattern forming on 4h / 1h timeframe indicating a potential uptrend reversal which could retrace to the 0.382 Fibonacci Level and beyond.
This trade idea offers an excellent 5+ Risk to Reward Ratio for the remainder of the week and due to the UK's troubles of tax, political unreasonableness and general economic horror i expect this resistance level once support to allow for big selling opportunity for people trying to reject the recent Bullish pullback on the Pound.
- Note to never risk more than 1-3% of your account on any given trade.
- Stop Loss 47 Pips above sell bracket.
- Stop Loss is 76 Pips above entry point.
Opinions on GBU / USD?
Bearmarket
VIX - A strong warning to inexperienced investors! In September 2022, we warned investors about the volatility creeping back into the market and set price targets of 30 USD and 35 USD. Subsequently, in the following days after our warning, VIX skyrocketed, hit our price target of 30 USD, and halted its rise at 34.88 USD.
Despite the index halting its climb merely 0.12 USD below our price target, we remain very bullish. Indeed, we still expect our short-term price target of 35 USD to be reached within days or weeks.
However, we believe that VIX will not stop there but will continue higher, increasing the odds of a market crash. In our opinion, once VIX breaks above the range shown in the title picture, the market volatility conditions will start to resemble the market crash in 2020.
That would align with what we outlined about the general stock market progressing into the second stage of the bear market, which will be confirmed by declining corporate earnings over time. As a result, we expect trading conditions to become substantially more challenging; therefore, we voice a word of caution to inexperienced and lay traders.
Illustration 1.01
Illustration 1.01 displays the daily chart of VIX and two trendlines highlighting the uptrend.
Illustration 1.02
Illustration 1.02 shows the daily chart of the Nasdaq continuous futures, which have declined more than 30%. Additionally, the graph shows other major U.S. indices, all in the bear market territory.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTC BearThe Bitcoin Bear has about gathered enough scraps to scurry back into his cave for hibernation. The monthly macro chart outlook showing signs closing in on the start of the next Bull cycle with CCI curling upwards along with Macd histogram color change. There is still a possibility of one last test of the june lows for a final shake out, wishing good health wealth and prosperity for all hodlers and traders alike!
Simple Projection of Second Top (Hidden Bearish Trend) Simple Long-Term Prediction:
Since its highest price, BTC has been in a downtrend but It is hard to label it as a bear market. I am seeing it as a reaction that brought us to the significant support level which has been seen as the last pillar of hope with an enormous amount of fear.
If BTC can defeat the emotional level of 21.5k, It will give more buying opportunities to the bull runners. I believe that the real bearish market would be from the second top after the price reaches between the 30k-40k. I believe sellers lost a little bit of momentum. In addition to that, the U.S dollar index (20-year high of 114.78) is the major factor in driving the BTC price over the last few weeks which dropped below 111 points. As a result, It can boost market recovery for crypto and stock.
My previous BTC analysis was for the long-term strategy which pointed out the long duration of consolidation that means highly choppy trades.
To sum up;
I am still on the side of my second top scenario and not Fomo bungee jumping for 100k-300k price levels.
Thank you, guys!
Cup and Handle Forming (Basing)Roller coaster day today. We opened in the morning with a gap down, pushed a little lower and recovered by EOD. 20 day as was my anticipated target for today and we are now basing in in this general area. Cup and Handle pattern looks like it's forming, especially if we hang out here tomorrow and Friday. Might just be tomorrow and then Friday could set the tone for next week and possibly the month. Important to be aware that in the event we move higher than 3850ish, it will invalidate the cup and handle pattern I'm waiting for. If we blow past 3850 and continue higher, I'll have to reassess the market in the coming days before I take any short positions. We are still in a bear market so these rallies can have aggressive upwards movement. Tomorrow we could visit the 3850 area and need to monitor the reaction if it gets there. Will have to sit on my hands to see what happens. Remember, don't predict. React. Be patient. Happy trading!
BTC Bullish Crossover in Buy/Sell PressureThis Volume Flow indicator shows both in flow and out flow volume . In June, at the current bottom, you can see sell pressure peaked dramatically, and has since waned. Buy pressure, conversely, and gained momentum. They finally crossed over on the weekly. In my previous idea I point out how this same, particular Volume Flow indicator signaled the end of the 2018 bear, and has generally crossed over at huge swings in momentum. This is very speculative of course, but it will be very interesting to see if it actually reversers momentum.
Bitcoin Squared with Gan SquareInteresting chart, just having fun with squaring, shows potential support/resistance. Think of the center of the circle as a Sun and each ring as a gravitational orbit, once price action is pushed to the left side of the star, we could see an uptrend(just an idea). If price action losses an "Orbit" then "gravity" pushes it to another ring. Can anyone apply some Rocket science to this so we know when Btc will go to mars?
The Bearish Trend Continues!Here's a quick look at the daily BTC chart. As we can see, the bearish trend continues, and the price has been trading within a descending triangle formation for some time now. If the price breaks below the descending triangle, then the price will very likely end up at 14K! The price must stay within the triangle to avoid further downside!
I must add that SPX500 is down a lot, and BTC hasn't followed up yet. We may see a big move from BTC in the coming days. I'm expecting the 18k support to be broken very soon. I still hold my stance of sub-13k BTC!
Also, the volume has been increasing while the price has been decreasing! This is a bearish sign as well!
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BITCOIN ANALYSIS - BEARMARKET BOTTOMHey Traders,
Im Astro and today i show you my Bitcoin Monthly Analysis.
Where do i think is the bottom?
- Best case: 14000$ - 11000$
- Worst case: 7000$ - 4000$
Where will i buy?
- I will buy a lot of Cryptos when Bitcoin is in the 14000$ - 11000$ area.
Will i trade this with leverage?
- Yes i will also open some 2x-5x Longs on BTC and ETH at that area and dca them and hold them for the bullrun 2023/2024.
I hope you like this idea and if you got any questions feel free to ask. I will come back here and give updates.
DOW JONES - Signal That We Haven't Seen Since the Crash of 2008Dow Jones Index has showed a monthly signal not seen since 2008.
The price action that has currently developed is very similar to the beginning of the 2008 crash. In fact, the next rally (if we get one) can be the final "make or break". See the chart comparison between 2008 and 2022. I'm not a perma-bear nor do I ever like predicting crashes or waiting around for one. However, the technical setup with the current inflation and aggressive FED rate policy can be just what it takes to crush this market.
TECHNICALS:
The monthly histogram has fired negative for the first time since July of 2008 and is also in a volatility squeeze (John Carter...). The squeeze tends to fire in the direction of the primary trend. Yet unless the macro picture changes (i.e. FED reverses course, etc), it appears the squeeze is already beginning to fire SHORT. I'm anticipating another 40% lower from where we are now, that is using the same projection from the crash of 2008.
Now, a lot can change and the macro picture is very different from that of 2008.
A lot of people will buy the next leg up in this BEAR TREND hoping to have nailed the bottom. It will be those buyers who will end up capitulating and puking the market when it catches them off guard.
Word of advice - be very cautious on going "all in" on this next counter rally. The market is in a massive squeeze. (similar theme will apply to other indices)
OANDA:US30USD
SP:SPX
NASDAQ:QQQ
AMEX:DIA
Stay safe all and God bless.
TSLA BULLISH AND BEARISH CASE SCENARIO $$$I've highlighted the critical support and resistance levels, where we see more volatility and volume. If we are able to break through that resistance, we will see bullish price action, and if we retest and see a pullback, we will see bearish price action. In both cases, you can use the support and resistance to your advantage.
Bitcoin future price scenariosTraders,
After two failed breakouts of our long-standing bullish descending wedged (since Nov. 21) , BTC is back down to our super strong support of $18,800. This support has held us up on 5 separate occasions since our June low. It has not broken down below with confirmation on the daily since Dec. 2020. Confirmation equals two daily candle closes below.
However, if Bitcoin has taught us anything, it's that we should expect the unexpected. I have two potential price movements in my radar pending this all important support level.
#1 = 18.8k Support Fails
You can see that after failing to break out of our wedge the second time, BTC has retreated back into the red triangle. I have colored the triangle red due to it's inclination towards the bearish side. However, our 18.8k support has caught the price once again and is giving ole' BTC another rest.
Should BTC break to the downside, I would expect it to test the bottom of our triangle one more time (currently 15k). Now, 15k does not have to be a precise price. We could wick down as low as 14k before the selling resides. But I would expect the body to close at or around 15-16k on the daily when it's all said and done at which point we rebound and finally break out to the upside of our long-standing descending wedge.
We don't have much longer to live inside of this wedge. The tip of the wedge extends into mid-Nov and that is it! But I expect decision time to come sooner. I don't think we'll make it to November before the market is forced to decide.
If we break to the upside, which is probable given the nature and character of descending wedges, this is very bullish for BTC.
But, if in the unlikely scenario we break to the downside, the typical capitulation period for these long-standing wedges is fairly short in comparison. I would not estimate it to last more than a few weeks to a month at most. And then we go up.
Essentially, this long-standing wedge is telling us all that the bottom is near ...for Bitcoin, at least. I cannot reiterate the same sentiment for the broader markets which I am also tracking though, I do anticipate some sort of blow off top for them. If you have been following my weekly video updates, you're already familiar with my theory here.
#2 = 18.8k Support Holds
So, let's say our support holds once again, the fifth time. What do I anticipate here.
Well, obviously, the support holding is great news. But to anticipate price movement here, let's take a look at our RSI. You can see that I have charted what could potentially end up being a bullish inverse Head and Shoulders pattern. The neckline would be the red horizontal resistance which we are currently up against as I type. If we break above this, then I expect the market to bring enough volume and buying pressure in to finally and at last break to the upside of our descending wedge. It would be at this point I would proclaim that our bottom was in at the June low of around 17.5k.
Have these things charted and you'll be in a much better position to trade successfully in the next few months.
Best to you all traders!
Stew
VIX Weekly Rally?The VIX is the CBOE Volatility Index of the S&P 500 Index.
The VIX is generally inverse of the Market's Movement, specifically the S&P
Volatility is not stable for markets and acts similar to a greed/fear indicator for the markets.
The Higher the Volatility (VIX) The greater the Fear
VIX has been in an uptrend the past few months since the Bear Market Kicked off earlier in 2022
Vix Uptrend = Market DownTrend & an increase of volatility
The VIX has been forming this pennant-type resistance and support, and now has been testing the upper ends of this. The weekly chart on the VIX is creating a breakout with Momentum Squeezing thru to the upside as well.
TTM_SQUEEZE Represents price consolidation, and breakouts through momentum indications similar to MACD.
We are currently seeing a flip to the upside in the weekly chart.
This would be bad for financial markets and can definitely indicate another large pullback coming with little VIX Resistance above until $40 Zone.
We have not 100% broken these yet though, so patience is key and seeing how price reacts around these levels is key.
BTC: Still a Bear's MarketIn the current price range and liquidity zones, we see significant selling pressure (bears in control), with not-so-significant buying pressure (bulls not interested in holding longs).
This can be ascertained by the cumulative delta at three points in time when the price was at the current level, creating pivot points for reference:
June 15-23
Aug 31-Sep 7
Sep 22-27
Note the rejection of buyer interest at each of these pivot points, indicating that the price should move to a lower zone of liquidity.
Two confluences that would indicate bulls are controlling the market would be (1) Cumulative delta consolidating ABOVE the highest pivot point, AND, (2) the price is trading above the highest long-term pivot point (purple).
We also see bearish divergence in the RSI while the price has been trading in the current range.
An increase in price without the cumulative delta breaking the highest pivot point is a strong indicator of a bull trap to knock out long positions (possible warning zone) before moving into liquidity below the current zone, namely $16.5-$17.2k
We are currently trading roughly in the middle of the current range, between major liquidity levels. This, along with increased volume usually indicates a move to one end of the range is in the works.
SUMMARY
Recent RSI bearish divergence coinciding with strong rejection of cumulative delta (CD) pivot points at major liquidity zones. Possible bull trap incoming if CD remains in downtrend against price.
Thank you all! Please share your ideas and if you've found this helpful, insightful, infuriating, or interesting, please 👍🏻 That's what keeps me coming back!
This is not financial advice, DYOR and due diligence, don't invest more than you can afford to lose, and remember: Nobody missed the boat, it's barely started boarding 😀
HUM: Test previous lows?Humana Inc
Short Term - We look to Sell a break of 480.38 (stop at 489.09)
Short term momentum is bearish. Daily/Weekly Ichimoku Cloud resistance is seen at 488. Further downside is expected. A break of 480.00 is needed to confirm follow through negative momentum.
Our profit targets will be 455.29 and 440.00
Resistance: 500.00 / 520.00 / 580.00
Support: 480.00 / 450.00 / 400.00
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