$SPY - Double Top - Great Reset - Stock Crash Ending 2030$SPY is going for a double top before crashing down to low 200's in the "Great Reset" lasting to 2030. Much like China's "Great Leap Forward" which was one of the largest disasters in history, after which a huge economic advancement was made for several decades. Following the "Great Reset" the United States will enter a period of massive prosperity where conservatism will reign. During this period, the United States will maintain supremacy of the global economy till the year 2100.
Bearmarket
Bitcoin Price Correlation Presidential & Midterm ElectionsTake a look at the correlation between Bitcoin price and Presidential & Midterm Elections over the past 10 years. In 2012, 2016, and 2020, price started to rally on election day. These were also years of the Bitcoin halving. In 2014 and 2018, price started to drop substantially on election day. Will we see the same for 2022?
This Bear Market Is Almost Over But... This chart contains the overall planned levels for the bottom. The details are below. Primary wave 5 levels are annotated on the left of the lines and Intermediate wave 5 levels on the right. The blue lines are based on the most specific wave position data and the yellows are slightly less specific. The other lines are common Fibonacci and algorithmic trading levels. The significance of 198 trading days was highlighted in my prior analyses which can be found in my TradingView profile.
It looks like we are in the final leg of this Bear Market. I currently have us in Sub-Millennial wave 1, Grand Supercycle wave 5, Supercycle wave 2, Cycle wave A, Primary wave 5, Intermediate wave 5 and Minor wave 1 or wave 2. Through Intermediate wave 5, I name this wave 152A55, and refer to it as a wave ending in 2A55, A55, or 55. Intermediate wave 5 and Minor wave 1 likely began within the last hour of trading on October 5th. Minute waves 1 and 2 likely concluded on October 6 while wave 3 finished with the low in the first hour of trading on Friday. Minute 4 was the top shortly after that. The current debate is where did or will Minute wave 5 and Minor wave 1 end? The majority of Friday was Minute 5 and if it concluded it is displayed here.
There is a chance we are still in the late stages of Minute wave 5 and Minor wave 1. I don’t exactly like this because Minute wave 5 is quite long, however, it is not constrained by length requirements this time. My wave 3 indicator has fired at two locations in the chart below. The first tends to identify waves 3 of 3 and the final may find the end of a wave 3.
The theory of us remaining in Minor wave 1 should prodcue a new low beneath 3620 on Monday and a large up day on Tuesday. The theory we are in Minor wave 2 would have us up pretty much all day on Monday and Tuesday.
No matter what, this analysis is meant to layout the final movements of Cycle wave A, Primary wave 5 and Intermediate wave 5.
BEAR MARKET BOTTOM (CYCLE WAVE A) BASED ON PRIMARY WAVE 5 PROJECTIONS
As of Friday’s close, Primary wave 5 is 37 days long. Primary wave 1 was 35, 2 was 23, 3 was 56, and 4 was 40. Studying waves ending in 2A5, there is not much model agreement on Primary wave 5’s length. The most now is 8 models on 40 days, 4 models on 56 days, and 3 models on 37 days. With the inflation report, earnings and the Fed ahead, 37 and 40 days does not sound likely. The move extension percentages by quartile based on waves ending in 2A5 is 112.36% for the first quartile, 1.3509% for the median and 2.0451% for the third quartile. These are plotted on the main chart at the top with blue lines and the values are on the left.
Waves ending in A5 have quartile move extensions of 112.36% again, 122.26%, and 163.93%. These levels are plotted on the chart above with annotations on the left and yellow lines. My models have more agreement on length. Most agreement has 12 models pointing to a length of 40 days, 10 models at 37 days, 8 models at 56 and 60 days, with 7 models at 46 days. Day 46 would be October 20th and this could be close to the bottom.
BEAR MARKET BOTTOM (CYCLE WAVE A) BASED ON INTERMEDIATE WAVE 5 PROJECTIONS
Now that we have got through Intermediate waves 1-3 and most likely 4, my models use this data to further project were Intermediate wave 5 should end. I can then take this day as well as the Primary wave 5 data in attempts to refine the potential bottom.
Intermediate wave 1 lasted 14 days, 2 was 4 days, 3 was also 14, and wave 4 was 2 days as of now. Our initial wag (wild a** guess) was for Intermediate 5 to last around 15 days. Since wave 1 generally makes up 20% of the larger wave it is in we figured wave 1 would be 3 days, 2 would be 2, 3 would be 4, 4 would be 1-2, and 5 would be around 3. This would roughly place the bottom of 1 on October 10th, top of 2 on October 12th, bottom of 3 (after a significant drop from the inflation report) on October 18th, top of 4 on October 19th or 20th, and the final bottom around October 25th. The models for day length based on waves ending in A55 have the most agreement for a total length of 3, 4, and 8 days. The second most agreement is 9 days, and then a third place tie for 10, 17, 18, 21, and 32 days long. Less than 8 days in my opinion is too quick, however, time will tell. The quartile move extension for waves ending in A55 are 106.1%, 133.14% and 167.15%. The levels are on the main chart with annotations on the right with blue lines.
Lastly is the larger and more broad dataset for waves ending in 55. The most model agreement is between 2-4 days total (55-58 models point here). The next area of agreement has 29 models at 5 days, 28 at 6 days, 27 at 10 days, 21 at 7 and 14 days, 18 at 8 days, 14 at 12 days, 12 at 11 days, and 10 at 20 days. The move extensions are 112.52% for the first quartile, 126.93% for the median and 148.58% for the third quartile. These levels are annotated on the right of the main chart above and with yellow lines.
Based on all of this data and projections, there are some points of agreement for the Primary and Intermediate levels on the chart. I originally projected the bottom between 3200-3450 which still appears to remain viable. I am currently estimating the bottom before November 3rd and most likely closer to October 21-25. I don’t see us breaking below 3300 this time (most likely set to occur in 2024). I conservatively like the bottom below 3440 and likely below 3400. I think the major catalyst will be the inflation report on the 13th which currently coincides with the beginning of Minor wave 3 inside of Intermediate wave 5. We will likely go down on Monday, up on Tuesday and top on Wednesday of this coming week. The inflation report will impact the early earnings reporters as well. A “bad” inflation report will likely cause the earnings projections to be lowered. The Fed will likely not come out until their meeting in the first week of November. I don’t think their decision will roil the markets and that will likely be the reason for the major gains we are forecasting over the next 7-10 months. The Fed did not want to impact the 2020 election and were dovish when they needed to be hawkish. If another global event occurs between now and then the Fed may also be dovish as they were when the Ukraine war began. No matter what, we see large gains (Cycle wave B - up) on the horizon and slower Fed policy but this bill will come due late next year and things will be gravely worse for the market (Cycle wave C – down) at the end of 2023 and all of2024.
DOW JONES Key Levels Analysis!
Hello,Traders!
DOW JONES is trading in downtrend
But the index has retested
A key horizontal level and IF
It gets broken, then we are officially
In the bear market and in the recession as well
So watch this level closely in the nearest weeks
Observe!
Like, comment and subscribe to boost your trading!
See other ideas below too!
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?
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