Get started

Dip

Who wants to be a $Zillionaire? Let's explore the dip!Foremost, this is a study piece that employs Elliot Wave analysis to anticipate $ZIL's trajectory in the near term. This is NOT FINANCIAL ADVICE . We begin by acknowledging that $ZIL is currently on its own Super Cycle, beginning from 2020's nadir in March: Corrective Wave (II) underway, at the Super Cycle degree. This is quite the achievement for this nascent protocol with burgeoning roots within the global crypto community, so kudos to all you Zilliqans out there. 💎 🙌 though, because a ~61.8% retracement can be expected in the midterm -- dayum these second waves! $ZIL's second wave is notably lengthy and boring, as evident by Jun 2020 to Sep 2020 consolidation period, where price retraced ~61.8%: Corrective Waves ((A)), ((B)) and ((C)) playing out over a roughly 3.5 months at the Primary Cycle degree. With that in mind, expect a low-key few weeks ahead, as $ZIL enters a consolidation period. While the next Impulse Wave (III) at the Super Cycle degree is highly anticipated and desired, it probably won't happen until May/Jun of 2021. We will have to contend with going through the motions of a midterm bearish trend for now: Corrective Wave B underway, at the Cycle degree. If we are to consider Corrective Wave A (appearing as a leading diagonal) to have completed after touching $0.081, then we can apply the usual retracement for a Corrective Wave B, which is between 32.8% to 78.6%, with a target price of $0.14. However, there is also the low possibility that this Corrective Wave A has not yet completed its move, which turns it from a leading diagonal into an impulse wave instead, with a target price of $0.064 -- but we will put aside this theory, until more confirmation appears. Either way, anticipating that we are in a dip, acknowledging that it will be a strong and long dip, and having the guts to endure ( and also buy ) the dip.. ..will be key to becoming a $Zillionaire!
BINANCE:ZILUSD
by googooboyy
1
BTC dropping but until when?Looking at the 4h chart - price dipped all the way to the point of confluence (POC) and retraced back up leaving behing a long wick that usually says rejection. A new 4hourly candle opened and is now at the point of confluence for the last formation also accompanied by the presence of the yellow ascending trendline. Where do we go next? If we close below this local point, our next stop will be the point of the initial retrace, the POC at 47700. If that breaks we will be supported by the 200 EMA which is now at 43800. And if that too fails to support us we have another support at the 0.61 Fib at 40550.
by SublimeTraders
Bearish engulfing SPY /weeklyIn the chart, you can see all the bearish engulfing signals on the $SPX from 2018. They have all resulted in corrections over the next 3 trading weeks, or a much stronger pullback during 1 week. For a deeper dive on a daily chart view analysis, go to the related ideas below (Market Internals in Trouble) . Positive Note: If we can rally and close on a weekly basis above the high of the bearish engulfing candle; that could would negate the down-trend signal.
SP:SPX
by dorfmanmaster
6
Hedge your bet with the ARKK Innovation Etf just now With big tech falling after the first week down for the S&P in 2021. We will likely see a slide in the technology space. I believe a buy in the ARKK ETF is a nice prospect. They have positions in companies that are prime to continue performing well in the market. I will be buying the dip on this ETF into the buy zone listed. Tech will slide, the question we need to ask now is for how long. Top 10 Holdings As of 1/29/2021pdf_iconView All Holdings Weight Company Ticker Market Price Shares Held Market Value 9.56% TESLA INC TSLA $793.53 2,726,469 $2,163,534,945.57 6.71% ROKU INC ROKU $389.03 3,901,096 $1,517,643,376.88 5.24% TELADOC HEALTH INC TDOC $263.83 4,495,919 $1,186,158,309.77 4.63% SQUARE INC - A SQ $215.96 4,854,798 $1,048,442,176.08 4.42% CRISPR THERAPEUTICS AG CRSP $165.70 6,030,285 $999,218,224.50 3.80% INVITAE CORP NVTA $49.52 17,340,761 $858,714,484.72 2.89% PROTO LABS INC PRLB $211.80 3,088,854 $654,219,277.20 2.82% BAIDU INC - SPON ADR BIDU $235.02 2,717,183 $638,592,348.66 2.76% ZILLOW GROUP INC - C Z $130.46 4,780,089 $623,610,410.94 2.75% SPOTIFY TECHNOLOGY SA Comments Leave a comment that is helpful or encouraging. Let's master the markets together SQ
AMEX:ARKKLong
by Alex_Trades12
2
INCOMING MARKET CORRECTION S&P500Firstly, based on the charts we can see that the S&P500 is likely due for a correction based on the 77 to 80 day time period. Secondly, the indicators Stochastics (14, 3, 3) and RSI (14 Close) indicate that we are reaching an overbought position based on the daily time frame as well as on the monthly chart. Thirdly, following the upward trend pattern of support and resistance, we are about to hit the 0.5 (3909.8) level of the Fibonacci Extension starting from the bottom of the Covid-19 market crash last year with the high on 2nd September 2020 and the low on the 24th of September 2020. These are my reasons as to why there might be a potential correction due soon. My opinion is that we might see a 8% to 12% correction to the downside towards the 100EMA line (Green Line) and be held by support level at 3532.4 (Orange Line) on the daily time frame in the weeks to come as we close upon the months of February and March 2021. Stay cautious investors and traders. Just my 2 cents.
TVC:SPX
by GenMTrader
I think Ethereum will break $1420This is in my opinion the best time to go long on Ethereum. If I am correct then that'll be the fourth time in a row, please use proper risk management when trading and remember the market is unpredictable. The best way to trade this right now is to focus on where the support and major support trendlines are. If we go based on this it means we have an idea where we could possibly drop to in terms of price without being disturbed by red candles on the screen.
BYBIT:ETHUSD.PLong
by CountOnCrypto
12