Bubble
pop goes the bubble.i checked this on the 6 monthly as well and boy it looks parabolic as hell.
This is the monthly chart though.
The signal is clear as bloody day for me.
Finally my monthly indicators are literally ALL in unison.
Simple bearish divergence on the RSI.
Simple bearish divergence on the fast oscillator and collapsing close to the zero line - scary.
Simple bearish divergence on the slow oscillator.
Simple bearish divergence on the histograms on both fast and slow oscillators.
It's as if the stars are lining up.
I don't know about you.
But I'm GTFO stocks rn.
Come back in when poop hits the fan.
BTCUSD - Bubble comparisons, 365day MA, and volume flowBTCUSD - Bubble comparisons, Yearly MA, and volume flow. The current lack of volume isn't saying much for a December moon.
This tightening wedge seems very ominous. Also very unpredictable where it's going to go. Bullish on 2020, but for now, the price changes might not be as interesting as one might hope
Dollar Index Ready to go to New HighsFundamentally , within the context of the current currency crisis experienced by emerging market economies, the dollar index is set to go to new highs in the upcoming weeks. Capital flights from weaker economies will pump into the dollar. This should have a strong effect on the valuation of the most important currency in the world. Turkey, Iran, Venezuela, Russia, Argentina and Brasil are perfect examples of the weakening of these market economies. For more information about these, please refer to: www.youtube.com .
Technically , the DXY is set to achieve new highs around 101.84 points. This is a FIB level of 0.618 phi in the overall chart.
We can see in this 4H timeframe chart a:
1. Descending Channel (red) after entering the 0.5 phi level between the 0 - 1 FIB level.
2. Consolidation/accumulation within the reversal triangle (blue) that pumped upwards.
3. An Inversed Head & Shoulders pattern that should pump upwards as soon as the DXY manages to break through the base of the pattern.
Now, taking a look at the 1D timeframe chart, we can see the following technicals:
1. A massive Bullish Bat Harmonic Pattern.
2. A massive Megaphone Pattern.
3. A Falling Wedge pattern with the confirmed breakout.
3. A bear trap formed after the rejection of the 0.382 phi and the failed dumped of the megaphone pattern.
This technical structure in the 1D timeframe fits and confirms the upcoming rise prediction of the 4H timeframe chart.
Finally, looking at the 1W timeframe, we can see that the Triangle Reversal Accumulation Pattern the dollar had for about ten years, between 2004 until 2014, fundamentally coincides with the time the emerging markets got into US debt by accessing cheap credit fostered by the IMF among other international entities and institutions.
P.S.: Considering cryptocurrencies are within a Bear Market, I am going to actively start posting charts about Forex, Indexes, Commodities and a Stock Bubble that I see forming in a country in the Americas. Follow me and like my idea to access this content!
BTC: bubble/recovery analysis from an engineers point of view
Hello everyone,
First of all, thank you for reading. I tried my best to articulate my thoughts as well as possible.
I would love to discuss this analysis with you, whether you are in favour or very much against my line of thinking.
I am here to learn and make money, but first you have to learn in order to make money - and learning is best done by explaining your thoughts and reasoning to other people.
Finally, please keep in mind that this is an engineers point of view, which tends to be exact.
My analysis does not take into account factors like massive manipulation or the dumping of 100k BTC from MtGox/Silk Road, or other situations like this.
Thank you and good luck with trading,
Nick.
CRON notesWatching it on two hour chart seems like today's action was centered around where it close up at around. Trend is still up as it broke up out of an ascending triangle on the weekly chart. I still think pot stocks are in a bubble and they will continue to go higher in price. For options traders it has already breached it's expected move for the week, with the top being 11.19 for the week. Could be pulled back to that area or we are looking at a 3 sigma move
Choose your Bubble fractal adventure...For my fellow crypto-pirates who lived through the 2013 double-bubble party on the titanic S.S. Gox, then clung to driftwood in the great Bear Sea for two years, there are two ways to judge where we're at on the charts:
Either we're already adrift post-peak-bubble and bear season is hardly over (bulls have such short memories of how long bear season can last) -- or we just had the first correction and are about to launch into an end-year moon rally to complete the double-peak formation.
Based on this completely arbitrary curve I've sketched (I didn't even try to calculate anything, so don't ask), and some dubious lines of trajectory, if we're on the double bubble track (pink) we could hit 80-90k by end of year, with the rocket thrusters kicking in September.
If we're in the middle of the deep Bear Sea (orange), then we have easily another year of draining all the inflated air out of the bubble slowly, and the recovery rally won't show up until 2020.
Either way, make sure you've got lots of rum, limes, and sunscreen, we're going to be out to sea for a while ;) what use do pirates have for lambos anyway?
2018: year of the "every market correction"?Hi traders,
I am almost feeling sorry for recently posting so many negative TAs, but believe me if the markets were showing bullish signs i would post bullish TAs
One of the few rare market i see with possible incoming bullishness is gold
Btc is a bursting bubble, Amazon is possibly ending up its Bubble parabolic raising pattern (though the parabolic uptrend might not be finished now, it could have slightly more room to raise), exact same comment for Nvidia, Nasdaq Composite shape is not encouraging (lots of its listed companies are producing dangerous parabolic raising patterns, the list is very long), and of course the Dow is not looking good too (the pattern is very similar to the Nasdaq pattern).
It is to be seriously considered that we could have this year a sort of overall corrective market correction as yes, i will say it, lots of markets and stocks are currently overvalued to very overvalued.
Good luck and trade safe
Financial Crisis and Recession InboundThe Monthly RSI over the last few months went higher than 97 and 08! The yeild curve inversion. The Turkish Lira collapse along other fiat currencies. Unemployment is low. Very soon we will see a sharp market downturn. In the chaos I believe we will see that the bank bailouts from 09 will have only postponed the issues. This may be the biggest financial disaster we have seen in our lifetimes.
King Bitcoin | Alternative view based on daily close | Long termThe daily close gives a much different view and might give clues which we otherwise might overlook and might also be of interest for traders and investors alike.
Since bubbles tend to go in to UNDERVALUEATION, I'm very surprised that nobody mentions this so far on Tradingview to my knowledge, let alone other professional or experts. So how do I know? I've studied bubbles for a long time, after having lost my shirt in dot com collapse with first hand experience. Unlike worthless crap companies, I believe crypto and bitcoin is here to stay until I die. I cannot say this for the majority of alts, which end up like those crap companies of the dot com era with no doubt in my mind.
People can heed the warning, I wish I had this information, platform and tools back in the day, there was none of it readily available and the www as we know it today. In the age of information, ignorance is a choice.
So I decided to make a roadmap based on this view. The count works surprisingly well, very close as for those with wicks included.
Trading Strategy for Parabolic Markets [Part 3]In part 1 I outlined an approach that I have been working on that is aimed towards trading parabolic markets. In part 2 I outlined 4 trades with entries, stop losses and risk:reward calculations. The best position (in terms of risk:reward) has been saved for last.
Notes: Tyler Jenks says, “All hyperwaves are bubbles but not all bubbles are hyperwaves.” This looks much more like a legit bubble than a hyper wave. Weekly chart has been included to illustrate that. | 200 MA > 10 MA > 50 MA | ADX is getting ready to cross 20 in confluence with the bull flag breakout | Weekly ADX getting ready to cross below 20 | Price is currently below 200 day MA and is acting as resistance | 50 week MA is also acting as resistance | Daily RSI = 56.81 and weekly RSI = 53 | Visible Range Volume Profile shows all of the volume at $19 - $50 and very little resistance at higher prices. Since this is not a hyperwave the VRPR and FIB Retracement levels will be very important. The profit targets are also much easier to recognize/calculate.
Q-2 Earnings Report: Deposits: Expected earnings per share: $1.54 vs $1.62 actual earnings per share for a +5.19% surprise. $996.7B vs Projection: $1.009T | Fixed income trading revenue: $308B vs Projection: $3.11B' | Sales from consumer banking and institutional clients: $8.25B & 9.691B for a growth of 2% & 3% respectively.
Time Analysis: Could see it gapping over the 200 day MA on Monday, could also see months of consolidation to follow death cross from 4/26 and ADX falling below 25 on weekly chart.
Possible Entries: Breakout above 200 day MA and 50 week MA - I have set a price alert at $75.59 | Breakout above local high of $81.54 (second price alert) | 50 and 200 day MA golden cross
Risk: Need new low to be established on the weekly after breaking through the 200 MA. If use current low then the risk is 21.25%.
Profit Targets: $125 (+56%) | $236 (+195%) | $399 (+398%)
Risk:Reward: Depends on how much is profit is capitalized at each target and where the next weekly low comes in. Suffice it to say this is the best r:r out of all the positions listed. When there are too many good opportunities for an entry then I like to use the risk:reward ratio to determine the best entry.
Part 1
Part 2
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Is th NASDAQ, S&P and Economy to experience a HUGE reset soon? This is the NASDAQ graph ranging back from the late 1980's. We are due for a HUGE market correction.
Prepare for one of the worst financial and economic crashes the U.S. has ever experienced with the next year or 2.
We will see a lot of market upside for the next few months - year. Once this over extended market completes its cycle, phase 5 should take place and as fast and extreme as it went up.
Remember that when President Obama was first elected in 2008, the U.S. debt was approx. $8 Trillion.
We are currently at about $21.3 Trillion in debt today.
ETHUSD When Orca whales eat WhalesProbably one of the more promising cryptos, in my top 5 of alts. Wait for the longs to be wiped out for a potential bottom.
Forgot to add a strong SR @ $6. It probably will be the most strongest support, since it's already tested good, unlike any higher horizontal support line, but I doubt it will go there, $6 is pretty much a steal in my view.
The most logical short in the stock market: TAOEarlier this month, my friend Harrison Schwartz wrote an eye opening article exposing the disaster that is in store for Chinese Real Estate investors (seekingalpha.com). The article analyzes the unthinkable situation China is in, and what is most likely going to happen. After reading it, my first thought was how can I make money off of this inevitable crash? That brought me to TAO, an ETF that tracks Chinese Real Estate. Fundamentally, this ETF could drop 80% over the next year or two. Technically, the signs are there as well. It is the most logical trade I have ever made.
Looking at the chart, there is a clear head and shoulders pattern that has formed over the past 10 months. A death cross has recently occurred, marked by the 50 day moving average crossing below the 200 day moving average, a very bearish signal. There has been a recent bounce after bullish divergence on the RSI which could lead more short term gains. However, if TAO reaches the low $29's, it will most likely get stopped out by resistance in the 200 day moving average and resume its plummet, where I will be looking to enter a highly leveraged short position. Lastly, the weekly chart for TAO confirms the long term bear trend that it has entered, as RSI is pointing down hard, validating the recent bull trap.