why 50% plus 1 day crash in FTT matters for all marketsfinancialized markets all move together in times of liquidity panics. Thats why we must pay attention when we hear of certain market going wild in large percentage moves. FTT token may not matter to everyone, but it matters if it gives us an insight to market mechanics that affect everyone.
Crypto liquidity panics will harm investor trust and sentiment. Losses in any market can also force investors to sell liqduid and perfectly good assets in order to fund other illiquid areas.
Not in anyway advice. But worth watching and observing.
SPY QQQ DIA VT FTTUSD TOTAL HYG AAPL
Crash
20K support has been broken|Crash has startedAn update of my last post I had been expecting for 20K support area to break and now it has been broken.
Now the buy going to be very short and then will drop a lot more, not that far to hit back to mid 17K area, then break and go further down.
Bad News for bitcoin.. about a decade ago the Feds had announced that bitcoin $3.36billion has been stolen from illegal Silk Road marketplace, it from the Dark web if anyone is familiar with it.
Bearish target: Mid 17K
Break the support then drop to 15K zone
3rd target 13K; relief rally buy and sell around 16K
Final target 10K even lower is possible
BTCUSDT Bullish Scenario BTC 3HR,
As you can see over here, it's going for the first scenario that we have shared with you over here, I blelieve that it's going to grab some liquidity on this trend, 0.618 Fib and horizontal support level before seeing another continuation to the upside, our R:R will be 1:1. We could also notice that we are building a hidden bearish divergence.
The Depression of 2022-2024In a severe economic contraction with unemployment above 10% and interest rates above 5% ( mortgage rates above 8%) puts the S&P's probable trough multiple below 10.
My projections based off of: the contractions of 1920-1921 & 1929-1933, the current data on manufacturing and services in the USA and around the world, and the money supply.
100-125 earnings per share at a multiple of 10 would put the S&P below 1250 at its potential trough.
Current S&P Earnings projections expect some to no growth, but I expect Q3 2023 S&P EPS to have contracted by at least 50% from levels it reached at its peak.
AAPL trapping late longs left and right with double wrap-aroundsIf AAPL continues downward after another double whammy support wrap-around it could well trigger a collapse to 10k for Nasdaq 100 especially if TSLA goes with it; many are likely to fall for this thinking that up is the direction which makes sense but charts which spent a few years going up for "no reason" can also spend a few years going down for "no reason"
S&P to hit new low mid-January 2023My first idea, comment if you think I'm onto something or if you think I'm dead wrong.
Since the S&P500 high in January 2022, RSI-50 began fluctuating between low 40s and high 50s. Each RSI-50 interval takes 70-80 bars. Each low and high can be associated with a strong rally or strong drop in the S&P price in the days following the RSI peak/valley. So far, this pattern has occurred twice. Should this pattern continue, I expect the S&P500 rally to continue and reach a local maximum around 4090 in late November or early December. Also at that time, the RSI-50 will be in the low-to-mid 50s, also a local maximum. Then, I expect a drop over the next 45 days where the S&P will lose 17% and hit 3390. RSI-50 will drop to 40 but may continue to decline, along with the S&P price. I expect the S&P to hit 3390 on Friday, January 13, 2023....Friday the 13th, mind you.
If I decide to move forward with taking a position, I will enter when RSI-50 hits 52 and put a trailing stop loss in once RSI-50 hits 43. That way if a rally follows, I can keep most of the gains, but can also keep riding should the price continue to decline. I am looking at buying SH, SDS, and/or SPXU when the time comes.
This idea is not investment advice. Good luck.
Global Recession is triggering As USA federal reserve government .. boost up another high rates.. this effects other big indices markets as well across the world.
The 4th time 75 basis points. This triggering global recession ad seems like it is coming. For EUSTX50 WILL DROP HARD .. should expect the bottom at 3000
If it doesn’t hold then 2600 area is a good area to buy.
Trade safe and this isn’t financial advice.
FEDS MEETING WONT BE PRETTYThe big day , the big event tomorrow
November 2nd the moment of the day we all been expecting and waiting for. Turns out they want to blow up the economy in order to take the inflation under control, even so they set to send another 75 basis point … this is the 4TH TIME OF THE MEETING !!!!
This percentage total of 5 percent of hiking aggressive..
This trigger a global recession in 2023.
USA depressions of finance is coming in 2023, and the Feds WONT STOP raising rates not sooner as you think.
We will face and see worse than the Great Depression.
Same as for nas from US30
Should expect even lower than where we were before ..
FOMC FEDS MEETING WONT BE PRETTYThe big day , the big event tomorrow
November 2nd the moment of the day we all been expecting and waiting for. Turns out they want to blow up the economy in order to take the inflation under control, even so they set to send another 75 basis point … this is the 4TH TIME OF THE MEETING !!!!
This percentage total of 5 percent of hiking aggressive..
This trigger a global recession in 2023.
USA depressions of finance is coming in 2023, and the Feds WONT STOP raising rates not sooner as you think.
We will face and see worse than the Great Depression. As for NAS … the crash has already started.
Dow Jones monthly points to WWIII bear trap ruse just like C0V1DThe strong bounce on a confluence of supports--plus the usual "but we've only seen the beginning of the bear market lol" articles--would strongly suggest that the yellow brick inflation road will continue (see both related ideas) and that recent market activity is another ploy to keep retail anxious / confused / short (valid for as long as the highlighted supports hold)
Pain is just starting for crypto - 3k area at play?! for Pain is just starting.
The US treasury bonds are decreasing as the debt to GDP ratio is going through quantitative cumulative tightening resulting in increased pressure on subscription prices and falling demand for butter cookies and other commodities. This will only worsen as the BOJ (Bank of Japan) is issuing rate hikes at a pace of 75 bipperinos per hike, eventually leading to a bottleneck in its economical orbit. This could lead to two scenarios : recessional (unilateral) crash or hyperdeflationary catalytic sme-GMA event as seen in 1945. As of now, any long is destined to be a losing trade. The probability of a bottom across US equities is low as they're indirectly correlated to the rate of growth in Brazilian government subsidized index KRVM4GA , which has been seeing major bearish divergences as the ambassador of Peru declared Brazil to be debt-solvent, meaning that its portfolio of foreign asset is absorbing damage at unsustainable pace, with no sign of improvement until FY2036. Furthermore, FAANG companies are set to launch a global campaign in support of Ukrainians, which puts pressure on Kremlin forces currently controlling the black sea canal ; all of this could lead to a shortage in wheat and forced selling on the BVT-PLU5 index , possibly impacting the life of millions of Europeans, thus directly decreasing their income and risk appetite when it comes to volatile assets like BTC.
Overall, this puts global macro conditions in a dangerous spot as they are set to worsen by EOY, possibly reaching a doomsday-level bankrun scenario.
For those reasons, I will be looking for shorts (and shorts only) until we hit the 3k area (possibly marking the bottom for this cycle).
Dollar broke Trend The TVC:DXY Dollar has broken critical support
The dollar has broken down from its parabolic curve that has been intact since October 2021.
We now have 3 daily closes below the curve indicating a significant trend change in the dollar. Risk assets are generally negatively correlated to the dollar. Therefore Crypto and the stock market tend to go up when the dollar goes down and vice versa.
The DXY has also perfectly hit the upside target of $114 - the 1.618 fib extension target.
We also have multiple bearish divergences on the daily and weekly timeframes.
Daily bearish divergence: MACD, RSI, Stochastic, Momentum as well as the Vwap
Weekly bearish divergence: Stochastic
Downside targets are as follows:
Short Term : $108 & $104.5
Longer Term: $103 (This is a strong monthly support and will be tough to break)
$101 to $98 - Golden Fib (0.5 to 0.618 fib retracements
Conclusion:
We should see a rapid decline in the DXY over the coming months which will trigger a bullish wave across many sectors of the stock market as well as Crypto.
Don't forget about the seasonality aspect that could be in play - i.e the Christmas Rally
Good Luck
Bitcoin gets the "all clear" from VIX and Dollar dump!So, I've been pretty clear that disinflationary data has been coming in hot and heavy, and that at some point, the fed will have to reconsider its current extremely hawkish strategy, pivot, and become more dovish. QT will become QE.
Inflation has topped.
The dollar has topped.
The VIX will drop.
The markets will pop.
For one last blowoff top.
Somebody bust that rhyme for me!
Most of the above appear to be taking place. Now we wait for the Fed to pivot and the blowoff top to come to fruition.
In the meantime, let us take a look at Bitcoin from a technical perspective. Triangles, triangles, triangles.
You will observe that after breaking out of our year-long descending wedge, the price action remained underwhelming, as it has since June. From a technical standpoint, there are two big reasons for this:
#1 - Since June (with the exception of a few weeks) we have remained rangebound between $18,700 and $22,000.
#2 - We hit a resistance trendline (BLACK descending TL) that also started in June AND formed the topside of another triangle we existed inside of since the beginning of September. Now, many traders were claiming this triangle was bearish with a probability ratio of 54/46 to the downside. Typically, this might be the case. My objection to this statistic became that this particular triangle poked through our RED resistance zone (now support) and outside of the year-long descending wedge; therefore, I was bullish this triangle instead of bearish.
Fast forward to today. BTC has, in fact, broken to the upside and the target appears to be that descending 200 day ma.
Now, if you are a follower of mine, you'll know that I entered a 5x long position at $18,300. I've adjusted my SL once to $18,500 putting me quickly in the green for this trade even with my SL triggered. I will now be moving this up again to our critical support area of $18,700. Should we remain above our 50 day ma tomorrow (RSI must also cooperate - see chart), I will move it yet again to around the $19,200 level.
Congrats to those of you who are following me in this trade!
Stew
S&P500 Going down another 40% - Market Bottom in May 2023In conjunction with my previous Dow Jones analysis (Link to it down below), we foresee another 40% drop in S&P500 until mid-2023.
The analysis done on these charts is based on old repeated market cycles that were last seen during the market crash of 2008.
As you can see clearly on the charts, the market has been playing the exact scenario of 2008, since March of 2022!
It's fascinating how similar markets are working their way, and people don't seem to notice at all...
There is a verse of the bible that W.D.Gann used a lot in his books which says: "What has been will be again, what has been done will be done again; there is nothing new under the sun." Always keep this in mind when you are reading the market.
A big challenge for BITCOINPrice keeps bouncing from the downtrend and now it seems harder to regain 20k level.
On last week Dollar Index drop (DXY), Bitcoin managed to bounce off the $18,600 but at the very last moment of weekly candle close price shoot up to be stopped right above 2017 all time highs $19,666.
Starting the weekly trading period DXY is recovering for another attempt to break resistance giving weakness to Bitcoin. We will see what price action tells us during the week but crypto bulls need to step up if not the flush down on BTC will be imminent.. 16k first 13,8k later.. in case of a breakout 20k must be held then 25k likely for end of November for a double local top.
Bitcoin Capitulation is coming…..19K won’t hold any longer .. still in bearish and I knew this all along even so the capitulation is near. So we be seeing the big crash during this bear downtrend.
Short buys don’t trust or try that even if your a very high risk taker.. be extremely careful because it’s volatile, while we be seeing the shorts these are the targets but first obviously down 17K even.. short retrace.
The bottom buy zone I see still 12-10K area .. if these zones doesn’t hold then buy about 6500 area even the dip. If those buy zones expect the bulls to take over and won’t overcome then we will see down to 2000 area.
So we are still bearish again don’t think we are bottomed it’s too soon , too early.. because the Feds still will go aggressive increase high rates , the midterm election, USA is in the recession and worst of all 3rd world war is coming.
Trade safe and let’s watch this fall