$SPY - scenarios of interestPotential scenarios on $SPY for the upcoming weeks. 0.5 and 0.618 fib retracement and potential reversal. Will be cautious and if buying for swings I'll have stop losses right below in case this theory doesn't prove to be right. We had a strong volume on Friday's selloff, which suggests we can go lower.
Bearmarket
ETH/USDT (1D) Long term setup // Ideal Buy Zone ? Hello Traders,
As you an see at this chart, I still think ETH is in Downtrend and need to finish this impulsive wave from the TOP.
The QUestion is: "Is this the wave A or wave C of Correction ?
In both cases we have to finish wave 5 of this corrective move. Also to form double bottom or Lower low with RSI and MACD Konvergence at 1D /1W Chart.
This would be Strong enough signal for me to start DCAing into a position. So expected range is around 700-300 USD per ETH.
Also notice there will be a transition of ETH into Proof of Stake. Many speculated aboutthis "event" and bought the last dip.
So what could go wrong ? :D :D
Lets see in 1-2 months if the entire market goes down including BTC/ETH. (They are highly correlated with Risk-ON assets, so DXY will most likely take them down.)
If so, I will start to look for most promising projects and start accumulating despite current Mindset at Stock and Crypto markets. ;)
Take care, trade safe and enjoy the ride,
Bottom will be in December most likely: rising wedge on invertedSeptember: 15-16k per BTC, run up to 19.5K by October, resistance
October end: dump to 14.8k per BTC run to 16.7k by December
December: bottom - 12-13k
This coincides with 2018, the bottom was also in December.
The moment you see a double retest and a bullish divergence shows we are in bottom. But RSI keeps going to the high and the price is much lower, which is extremely bearish
its pretty obvious the fed seems determined to tank this markettechnology is not playing the feds game, and they are rubbing elbows with china especially where semiconductors are concerned. the dollar is the worlds reserve currency, and big corporations dont like a populace with buying power. the job of the reserve banks is to assist borrowers while preserving the lenders capacity, and with this particular administration volatility seems to be the most profitable route. this means one thing. the bear market rally everyone feared is here. im predicting a dead cat bounce followed by continued downside.
BTC Breaking to the downside - target is 11.5k!!Here's a quick look at the BTC daily chart. As we can see, the price is currently breaking below the bear flag (Rising channel) and if we get a daily candle close below it, the target is down at 11.5k! Not saying it will get to 11k for sure but that's the technical target. For now, I do expect us to revisit 18k at least, but let's wait and see what happens here.
It should be mentioned that a lot of strong indicators are showing sell signals at current prices, and one should take note of that. Also, the S&P 500 is not showing much strength and is very likely to go down from its current price level.
I expect BTC to end up at the 9-10k level in this bear market due to the CME gap at 9.7k, BUT I could be very wrong!!
Trade safe!
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SOLANA PERSONAL ANALYSIS IN THE LONG TERM (UPDATED) The total evaluation for the SOLANA coin asset is bearish. Please be cautious longing this and do risk management properly, below are the factors that contribute to how bearish this structure is:
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Factors for Bearishness:
We are in a big downtrend.
We are in a rising wedge (bearish).
You can also draw a descending triangle or bearish adam and eve formation in this chart. Copy the chart, paste it on a paint application and draw it. (I did not because it would make the chart look messy and unappealing for retail.)
The NASDAQ, DJI, and SP500 are at a multi-month resistance and is now breaking down further proving the absolute power of that monthly resistance trendline. (You can check the NASDAQ chart I made in my profile.)
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Factors for Bullishness:
We are somewhat consolidating to the upside with an ascending triangle. (Can easily be mistaken for a rising wedge)
We are forming continuous higher lows.
We are forming continuous higher highs.
We have not yet triple tested the 26$ support.
My total recommendation approach towards this coin is to pay attention to BTC very carefully, if BTC is sitting at a strong support, take a look at SOLANA and long with proper risk management and tolerance. 38$ is a crucial support as you can see how it crosses both the rising wedge trendline and the multi-month resistance. If we lose 38$ on a break, it will be very hard for us to take above 40$ again.
Do not forget to like, share and save this chart for future references. Its FREE!
BITCOIN CHART PERSONAL ANALYSIS IN THE SHORT TERM (SLAUGHTER!!) Warning, I repeat warning! This is a very urgent matter that we need to discuss. 21,400$ will not hold, I repeat, it will not hold. As you can see we have so much downward momentum because of the fact that the SP500 and the NASDAQ have been rejected on their monthly resistance trendlines, you might be wondering what trendlines? You can see a NASDAQ chart in my profile, a multi-month resistance trendline dating back 2021 exactly where it U-turned from the top. Please be cautious of longing anything right now until we respective lows.
My current speculation is that once we drop to 19,400$ we will have a reaction rally up to 20,000$-20,800$ where this will be IMMEDIATELY shorted on the coming weekend. We'll most likely have a period of consolidation in the weekends and a continuation du mp once market opens on monday or we can also dump on monday while we consolidate now at 21,400$. Be warned!
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ETHEREUM CONTEXT ANALYSIS QUICK UPDATE (BEWARE!)This is just something that I must alarm people about especially those that are way too new in the market right now regarding the Ethereum price action. Please don't get jebaited by this candlestick, I swear to gosh I will frown at you for even considering buying here with the SP500 and NASDAQ so much red and no confirmation. If you don't want to short, that is absolutely fine to wait for confirmation which you should always do.
The rule of hanging man candle stick is that it reverses to the downside if the next day candle DOES NOT close higher than it and will most likely fail. This is especially stronger in a bear market, a trending market more specifically. Be warned and manage your risks!
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How We Made Over 35% YTD Using The Olympus CloudIn a year when the S&P 500 dropped as much as 25% and fear gripped the market, we have gained over 35% on our entire account by trading the NASDAQ.
We used the QQQ ETF, which tracks the NASDAQ, and the Olympus Cloud indicator on multiple time frames. Signals were derived from QQQ, and trades were taken on SQQQ. We used the daily time frame to determine when the longer term momentum turned bearish, and then used the 30m time frame to locate entries. We risked 2% of the total account on each trade.
When using a leveraged ETF we always recommend you do your analysis and charting on the underlying index. In this case the leveraged ETF and trading instrument was SQQQ, and the underlying index QQQ .
As you can see in the data section below this post, the Olympus Cloud shows 25% net profit, 68% trade accuracy, and a profit factor of 2.8. By using SQQQ as the trading instrument the real profit increased to over 35%.
DG:Correction due?!Dollar General
Short Term - We look to Sell a break of 242.72 (stop at 250.70)
Following yesterday's bullish candle, the overall trend higher looks set to reverse today. Trading within the Channel formation. The bias is to break to the downside. A break of support at 244.00 should lead to a more aggressive move lower towards 220.00.
Our profit targets will be 220.05 and 204.00
Resistance: 256.00 / 265.00 / 280.00
Support: 220.00 / 204.00 / 184.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
No surprise if BTC goes to 10k this bear market!Here's a quick look at the BTC log. chart.
In its second bear market, BTC retraced 87% from ATH and the bear market lasted well over 600 days.
In the third bear market, BTC retraced 86% from ATH and the bear market lasted 480 days.
In the current bear market, the price has retraced around 73%. If the bear market takes the same path as the previous bear markets, then we could see a 10k BTC.
It should be mentioned that the BTC price isn't showing much strength right now, and S&P 500 is also finding some resistance. We could easily go down from current levels.
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
TOTAL2 (Alts Marketcap) MUST EYE ON THIS!Are you familiar with TOTAL2 it is known as total market capitalization of the whole altcoins in the market.
As of the moment, we've spotted a cup and handle pattern on 4 hours time frame. The price action is having little pressure on this resistance area.
But I'm pretty sure if TOTAL2 breaks the current resistant, many of alt coins will fly eventually.
Trade responsibly guys!
BTC on the verge of a bigger dump!Here's a quick look at BTC daily chart. BTC is currently not looking too good. BTC needs to hold above 20k or we will probably see a bigger drop.
Also if DXY keeps rallying, then expect more downside for BTC!
Altcoins are extremely high risk right now - Trade Safe!
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
XRP still in a downtrend...Here's a quick look at the weekly XRP chart. As we can see, the price has been in the bigger falling wedge for some time now. If we want a reversal, we need a break above the falling wedge , and also keep above the resistance zone . Otherwise, the price will continue to oscillate lower.
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Bitcoin a push to 28-29k, then crash to 9k.Fill that cme gap at 28k , there is also a very strong resistance i think it will be very hard for btc to break that level with current situation going on , and after 28k or 29k , btc will crash to 9k .
9k region might come during the late october or in the beginning of november.
Lets see how this unfolds .
ETH: Sell the breakEthereum
Intraday - We look to Sell a break of 1526 (stop at 1571)
1527 has been pivotal. A break of the recent low at 1527 should result in a further move lower. Daily signals are mildly bearish. Our short term bias remains negative.
Our profit targets will be 1424 and 1394
Resistance: 1700 / 1750 / 1800
Support: 1600 / 1550 / 1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BITCOIN MASSIVE UPDATE FOR THE SHORT TERM (SHOCKING REVEAL)Please be mindful of your risk management as always, we are in a bearish adam and eve and will continue to break down to 20400-20600 before we see any light of retracements. Do not forget to keep following the stocks, we have already dumped from stock futures, but market opening is not even near yet. My best recommendation is to low leverage short until you can deduce a trend change, until then I do not see any sign of bullishness.
A confirmed bearish adam and eve would break beyond 21,400$ and retrace back to this level. Do not forget to like, share and comment! :D
Specific Trendline to Determine the Direction of any MarketHow to identify the specific points for trendline to determine the direction of the market? In this example, I am using the Nasdaq index.
You can use this trendline technique to any markets because its principles in this tutorial are applicable throughout whether to an individual stock, indices or even commodities.
I am going to introduce the primary and secondary trendlines, I hope after this tutorial, it will bring greater clarity in how you can deploy them.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
This method I just shared, it can be applied to any market and any timeframe, be it the minute chart or the weekly chart.
Micro E-Mini Nasdaq
0.25 = US$0.50
1.00 = US$2
BITCOIN, Basic and neat analysis for position tradersI want to see bitcoin around 20,500 ish in order to meet the correction of the price action on its 61.8% Fibonacci retracement.
Weekly RSI is looking good, we are above 30 on today's price. But if you wanted to secure a position. You can buy a small portion of your margin around 21k just make sure to calculate your risk and potential loss because we can't predict the market 100% but we can prevent the higher potential loss in the market.
Long term analysis, BULLISH
Short term, this might be the bottom part of the dip. As long as we are above 30RSI on weekly time frame and we are near 200 moving average we are safe.
If we broke the 200 MA average and the RSI is above 30. We will see a series of green candles ahead, that's a strong indication of long bias in the market.
stay tuned, I wanted to be active on sharing my insights in the market.
Trade safe!
GRT must eye on this project!! WEB 3.0I'm also accumulating $GRT for my next bull run mission.
$GRT has a huge potential next bull market as of writing, if you buy and hold GRT now you could get x23 or x24 on it's all time high.
Investing in crypto is all about how long you can hold your entire portfolio.
Every dip is a blessing, every dump is an open opportunity to all.
$GRT will never fail our expectation when Web 3.0 starts to hit the entire meta on crypto.
Been there than that before NFT explodes,
I told everyone to invest and hold NFT project because it will be huge soon. After a couple of months paper hands got FOMO while we are enjoying and harvesting the gain we have.
Now, web 3.0 is the freaking future. It's now or never.
FLUX THE GRAND FATHER OF WEB 3 PROJECTMy long term insight about flux is very bullish, since this project is the Grand father of all Web 3 projects just do your own research to avoid any misleading information.
But for me, yep i'll stand with this statement. Circulating supply is very low together with it's potential in the next bull market. I'm seeing Flux will hit at least 5B to 10B market cap next bull run or prolly $10 to $20 dollars above.
This project is a sleeping giant. I held a huge bag of FLUX since then and I'm on my DCA method since bear market starts.
I know It'll be worth it soon.
XRP: Still bearish!XRP
Intraday - We look to Sell at 0.3459 (stop at 0.3521)
Daily signals are bearish. Our short term bias remains negative. The trend of higher highs is located at 0.3460. We look for a temporary move higher.
Our profit targets will be 0.3301 and 0.3261
Resistance: 0.3400 / 0.3450 / 0.3500
Support: 0.3300 / 0.3240 / 0.3200
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.