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Djianalysis

Make America bad againLet's take a look at the dow jones. We see a destruction of the chart picture. The course has broken through the last low and caught again. should we see a lower high, the case is clear. We will see a clear downtrend trend (deeper lows lower highs). The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We have seen a renewed strength in the market and new hopes have arisen. furthermore, at this level we are at the magical 78 fibonacci. However, let us look at the long-term chart picture and see that we are still trapped in the downside channel. The next week candle will be very important for the further course of the chart. If we see a bearish engulfing, we will continue to see sinking prices. I am generally convinced that we will soon see an epic correction in the markets. The Dow has risen disproportionately in recent times, which could be due to the president. This pushed the own economy extremely without generating a sustainable added value is very unhealthy cocktail. In my opinion, a backtest of the 18000 is realistic, but it depends on the behavior in the next few month. I bought a short knockout that will be turned off over the last stop. If we look at the Eliot Wave theory, we might as well have completed the B wave. We will see =) enjoy the way logindaten
DJ:DJIShort
by logindaten
SHORT Dow Jones might have topped out around 24860 levelsThe Dow Jones turned bearish yesterday, indicating that a meaningful top could be in place at 24860 levels, but be prepared for yet another high around 25100 levels as well. Kindly note that a major price resistance is seen at 26000 levels, which is potential Wave (2) termination as labelled on the chart view here, and prices should ideally stay below that, to keep the bearish structure intact. Also note that a resistance trend line is passing close to 25000 levels, which is converging with fibonacci 0.786 resistance of the drop between 26000 and 21800 levels respectively. Believe it or not, the 24860 to 25100 region could prove to be a strong resistance zone and a bearish reversal cannot be ruled out. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
BTC Weekly Chart: Dow Jones Industrial Buy Signals for Bitcoin!Hi all, First smash the like + follow and I'd love to hear any feedback. I'm open to hearing other ideas as well so comment away! Hope your weekend is going well. There has been a lot of analysis and debate in the crypto markets as to whether Bitcoin has capitulated or not. Is there more room for further downside? First my goal here was to find a proven strategy that I could back test for several decades if possible. Of course Bitcoin is only 1 decade old so I would need to revert back to equity markets. My Goal: -Identify a reliable trading BUY/HOLD signal -Back test the signals +30 years -No more than 2 indicators -No chart patterns *see my recent publication on chart patterns Indicators: -200 Week MA -RSI *Buy signals can only be made when the weekly candle touches or falls below the 200 WMA and RSI < 30. When looking for long term BUY/HOLD entries using the 200 WMA combined with RSI is extremely effective in locating the best entry points. Results: When looking at the DJI chart you can see I've highlighted three economic recessions. During these bear markets if the above strategy was followed you would have bought near the bottom for all three cycles. The Hyperwave I cycle there were two buy entry opportunities where RSI was oversold, but the price touched the 200 WMA (didn't close below). Prices continued to power forward. Hindsight 20/20 it's easy to look back and confirm those are buy entries, however, the market could have just as easily reversed into another recession based on pure technicals. So what do you do? Follow the strategy and buy. Doing some projecting on the DJI you can see the recession of 2008 fell below the dotcom bubble. So assuming this trend continues and having no idea if we are in the middle of a Hyperwave II cycle that will go on for another 8-10 years or if we are about to collapse (lets assume the latter). In the next couple of years the DJI could fall 70% and all the way down to around 6,000 points. What does this mean for Bitcoin right now? -The Bitcoin market has not technically capitulated (I'm changing my mind on this from prior publications). -If you follow the strategy there was a BUY signal on the Dec 2018 low at $3,100. Bitcoin briefly touched it's 200 WMA and RSI was oversold! Go back and look at the last time RSI got this oversold on the weekly. The last capitulation on January 2015 BTC fell 23% below its 200 WMA. It immediately bounced the following week. The current recession bitcoin has not had that "capitulation event" below the 200 WMA that we've seen so many times in the stock markets and prior Bitcoin bear markets. However, the strategy should be followed. If you have a long term outlook small buy entries could be made around current levels if you missed the Dec drop. If the market decides to go down further wait for the heavily oversold on RSI + prices below 200 WMA. Prices could drop to the top of the last bull market, which is around $1,185 level. I doubt Bitcoin goes this low, but it's Bitcoin...so who knows. You can never buy the absolute bottom or sell the very top, but it's important for us to get interesting prices. I believe if you follow the above strategy you'll have a higher success rate at getting a competitive Bitcoin average price to HODL for the next Hyperwave growth cycle. Best Regards, Bobby Don't hate the hair, hate the game.
BITSTAMP:BTCUSD
by UnknownUnicorn1615160
17
Dow is at a fibonacci confluence around 24000 levels!The Dow Jones hits fibonacci resistance at confluence around 24000 levels. It could just be a matter of time, before bears take control back and continue lower, as Wave iii progresses. Believe it or not, the wave counts are clear as highlighted here, and a potential higher degree Wave (3) has been unfolding since the 26000 levels. Furthermore, a lower degree wave iii extension could be potentially unfolding at the moment, since 24800 highs. If the above structures hold good, ideally we should see prices remain below 24800 levels and broadly below 26000 levels going forward. A safe trading strategy still remains on the south side with potential risk at 26000 and targeting below 21800 respectively. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
2
Dow might be unfolding an extended Wave iii within Wave (3)?The Dow Jones inched higher to 24000 levels yesterday before closing at 23879 levels in the spot segment. If the earlier wave counts discussed were correct, the Wave iv projection stands invalid for now since prices penetrated Wave i termination at 23881 levels. As discussed yesterday, the structure still continues to remain bearish and in fact a lower degree wave iii could be still unfolding as a potential extension. Please note that the recent boundary that is being worked out could be between 26000 and 21800 levels and the rally is seen to be stalling close to fibonacci 0.618 resistance at 23662 levels. Also note that the rally from 21800 through 24000 is just a counter trend (3 waves) and a bearish confirmation here could resume lower again. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
5
Dow Jones structure still intact as Wave (3) unfoldsDow Jones remained just shy of the critical 23881 levels yesterday and reversed lower from 23864 levels respectively. Until spot prices remain below 23881 levels, we shall maintain a probable wave iv termination count as displayed on the daily chart here. Please note that even if Dow Jones manages to break above the wave i lows, the higher degree wave counts shall still remain valid for further bearish moves. A strong resistance prevails at 26000 levels and until prices remain below that, a corrective rally is always a possibility. For now, we maintain that wave iv termination still remains valid and that prices could resume lower ay time soon. Overall Dow Jones remains a great potential candidate to sell on rallies. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
1
Dow Jones Wave iv finally in place at 23675 levels ?The Dow Jones managed to rally and close higher yesterday, making intraday highs at 23675 levels. It seems that the corrective rally (3 waves) that began from 21800 levels earlier might have terminated at 23675 levels, just ahead of 24000 as discussed earlier. We could still label this lower top as a potential Wave iv termination, and until prices remain below 24000 levels, a sharp 5 waves decline can be expected. It could either be an impulse drop or an ending diagonal but the termination point could be at least below 21800 levels going forward. The higher degree wave structure also remains intact for now with Waves (1) and (2) in place at 24122 and 26000 levels respectively and Wave (3) into progress now. If the above structure holds true, we could see fresh lows below 21800 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
1
Dow Jones still carving Wave iv, within Wave (3) lowerThe Dow Jones is seen carving out Wave iv at a lower degree with Wave (3) as labelled on the daily chart view here. Believe it or not, the rally on Friday which saw Dow Jones closing on a higher note at 23430 levels, should not be considered as a change in trend. It could still be carving out a wave iv, as a potential zigzag and resume lower anytime soon. If the above structure should hold, prices should ideally stay below the 24000 mark (please note wave iv ideally stays away from wave i termination) and resume lower towards 21800 levels. Please also note that the 38% fibonacci retracement of the entire drop between 26000 through 21800 levels is also passing through 23400 levels, which could be potential termination of wave iv. Overall bearish bias remains until prices stay below 24000 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM