SPX-S&P 500 CRIES FOR HELP AND STILL IN PAIN!No evidence of a market correction on the SPX. Further indicating that tech stocks will still continue to feel the pain and the 401k Portfolios invested in tech general stocks will still be hurting. I am in commodities for the time being since Jan 1st and that has been very profitable for almost 3 months now. But that is starting to change too and I have already sold some of my oil positions which did great. I also sold my Gold and Silver and will be buying them back when it gets cheaper.
For now this is a reminder that after interest rate hikes from the FEDS we are still in BEAR TERRITORY and I believe we will remain in bear territory for a while.
PS: Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, post or newsletter.
Bearrun
Nifty Prediction for 21st Sep..Will fall continue or reversal?Market is an increasing instrument with some minor corrections it can not go in upward direction continously
It will take some corrections time to time.
For 21st Sep
NIFTY Prediction
if opens gapdown below 17375 wait for priceaction to form then take Trade
If it is not able to break 17375 level then take PE with stoploss
If it opens flat and continuosly moves upward then take CE with Stoploss
Further details you can find on chart itself
P.S. Stoploss can Save You
BTC Looking Weak!Hello Community!
When looking at the 2hr TF, BTC/USDT just broke below the ascending trendline, and as we all know that is a clear sign of weakness. It attempted to move above the line but the bears look to have gained control because it shows a clear rejection. When a S/R line is broken it is typically retested before moving higher/lower. Let us see how this all plays out in the upcoming weeks. To be honest... if we continue this bearish pressure and 30k is broken decisively, I can see BTC hitting 15k-20k in the months to come. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose.
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This is not financial advice.
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Bitcoin's future projectionI think this 4 years cicle looks similar as the bullrun in 2013/2014.
My prediction is we will see a temporary top in mid 2021 at around 90k. Alts will probably go parabolic at this time. After we hit the 90k ish mark, we drop back to 45-50k area, where we will find our new bottom in the end of 2021.
At the start of 2022 we will go bullish again and we will see the top of this bull cycle around 200-250k. After that we end up in a new bearmarket, what will last for 1,5 years. Bottom will find again in the 45-50k area. Then we can see a
new start of a 4 years cycle. Next halving is around march 2024 and we hopefully see another great bullrun!