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Bloodbath

DOW DOWN NOW ? 26K before 2024? Good Day to the warriors of WALL ST, I believe the bottom of CURRENCYCOM:US30 is not in yet. However, I believe we are possibly nearing the top of 2023. Below I will explain the reasoning behind my analysis. 1. JAN 6, 2022 - Feb 24, 2022 As we began the year of 2022 we started to see the massive post covid bull rally & injected liquidity come to an end as the FEDS printer stopped working. This resulted in a 12.5% decline from record highs just shy of 37K while Americans believed inflation was transitory. From FEB 24th lows we rallied for 10% and of course price went just above the yellow trendline right before the other massive drop. 2. APR 21, 2022 - JUN 17, 2022 Inflation clearly was not transitory. Which led the FED to begin using its "tools" increasing interest rates. Inflation is clearly an issue now besides all other global economic tensions which leads to more downside, for a 16.5% drop. From JUN 17th lows we rallied for 15.5% {+5.5% of our previous 10% rally} once again just above the purple trendline now and then boom another drop. 3. AUG 16, 2022 - OCT 3, 2022 Hopes for a slowdown on rate hike begins to fade and WALL ST. panics which gave us a new low for 2022 below 29K. The amount of short volume was insane during this time which is why I believe we saw a big rally for the last quarter of 2022. From OCT 3rd lows we rallied 22% {+6.5% of our previous 15.5% rally} . NOW, all of this brings us to the present which may not be a gift to all. The blue trendline has been taken out just like our previous yellow & purple trendlines before a decline. CPI report gave us this rally along with hopes of 25bps increase instead of 50bps. I feel like the CURRENCYCOM:US30 is on a tightrope at the moment with more downside to come. We shall see, GOD BLESS AMERICA BABY !
EIGHTCAP:US30Short
by UnknownUnicorn12403322
3
BTCUSDT DUMPS : ALTCOINS BLEED BY MORE THAN 50 PERCENTHELLO !! Welcome to the quick update of BTCUSDT. in the last few days, we saw BTC dumped badly after it broke the immediate support of 33000 and 31000. As of now, it is trading at around 27600 and is down by almost 19% from last week. As of now, it needs to push the price above 29200 in order to move up in the weekly timeframe. If the weekly close is below 29200, we may see BTC dump more until 19200 and then take a U-turn. As of now, everything is uncertain, Altcoins are also taking a major hit and are down by almost 50%. As of now, I would suggest everyone stay calm and be a spectator in the market, let the market make the move and when the time is right, we may take entries but it is better we wait now and have patience and save our capital. As of now, please do not take any trades else you might end up losing your capital. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
NIFTY 50! as on 12/20/2021Formed a head and shoulder pattern in one day time frame and was in a uptrend and gave a perfect breakout with retesting the levels and came back to fill the past gap up opening! Came back to its major support of 16380-16388! Made a weak bearish candle! Kind of hammer a chance of making a pullback and form a new lower high! And if breaks the major support higher probability of its lower support levels! Perfect support of 200 EMA! Hoping for a great pullback and a bullish market in Jan 2022!
NSE:NIFTY
by shivamalang
3
SVXY - easy way to find bounce back daysSo on the SVXY any time we have a very large spike to the down side pay attention to the price rejection on the bottom of the red candles with extremely large wicks 9 times out of 10 the following day we have a solid green day. Today is only the second time in 2021 we have had bad to back extreme dips with a slight green day in between the two huge red candles but as i mentioned pay attention that todays candle does not have a long wick meaning buyers are not rejecting this lower price which could mean tomorrow should be a continuation for todays price action. there are many other ways not just this one but this is a frequent one i watch which has helped me out tremendously
CBOE:SVXY
by Stock_Hustle21