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Structural Progress Remains Elusive for BTCUSDPrimary Chart: Showing Major Retracement Levels for BTCUSD's Entire Bear-Market Decline with Accompanying Down Trendline Since November 2021 to early January 2022, equities and cryptocurrencies have experienced a bear market. The selloff has been more pronounced in crypto assets than in equities generally, although certain segments of equity markets have paralleled (in percentage terms) the massive declines seen in crypto. BTCUSD Has Not Reached Key Fibonacci Retracements Like Equity Indices Have The Primary Chart at the top of this article shows the major retracement levels for BTC's entire bear-market decline. Note how BTC's 43% rally from June 2022 lows has still not meaningfully approached its .382 retracement level of its entire bear-market decline. By inference, if BTC hasn't been able to approach its lowest .382 retracement level, it has come nowhere near its .50 or .618 retracement levels, labeled on the Primary Chart above. Supplementary Chart A below shows an example of one of the world's leading equity indices, the US S&P 500, having reached and even surpassed critical retracement levels in the powerful rally off June 2022 lows. Whether this rally is a bear rally or an actual trend reversal is hotly debated in the financial media, but the outcome remains uncertain despite confident forecasts in both directions. More importantly, note how the S&P 500 ( SP:SPX ) has exceeded both its .382 retracement and its .50 retracement of its bear-market decline. In fact, it is approaching its .618 retracement of its YTD decline. When price closes in on a key level of multi-month importance, it often will find a way to touch that level given the magnetic effect it has. Supplementary Chart A: Two Key Fibonacci Retracement Levels for the YTD Decline in S&P 500 ( OANDA:SPX500USD ) Key Levels in Proximity to BTCUSD's Current Price As shown in Supplementary Chart B, BTC has remained in a parallel channel off the June 17, 2022 lows. Some might argue this technically works as a bear flag pattern—confirmation would be a downward breakout that holds below the upward trendline forming the base of the channel. In any event, this channel has contained price since mid-June 2022 lows. The return line (top line of the channel) lies near $25,700 to $26,282. This should prove to be strong resistance in the coming week. The lower line ranges from about $22,200 to $23,100, which should prove to be support—and given that the downtrend line remains intact, this should also be watched for a break. The .382 retracement of the second leg of this bear market lies at $29,297. If BTC can break above its downward trendline —indeed, this would be a feat should it occur—the .382 should then also be watched to determine how price responds. This should serve as decent resistance at least on any initial attempt to push above it. but traders and market watchers should remain open-minded and flexible to see whether BTC could break above this level as equity indices have done. With FOMC minutes being published Wednesday Supplementary Chart B: BTCUSD's Down Trendline and Fibonacci Retracements for the Second Leg of This Bear-Market Decline Starting at March 28, 2022, Swing Highs Ichimoku Cloud Remains Bearish with a Hint of a Change The Ichimoku Cloud can sometimes offer an additional perspective. The cloud remains bearish—red and downward sloping. (The mechanics of the cloud's color changes are beyond the scope of this article.) The could twists and turns green, however, in late August 2022 / early September 2022. Such cloud formations can suggest the potential for a shift in trend—but no guarantee. Currently, price is meeting powerful resistance along the upper edge of the cloud's SSB (Senkou Span B) line. See Supplementary Chart C (below). This line works as resistance from about $24,700 to $25,000. This SSB line represents the mid-point of a 52-day period on the daily chart. Several candles have touched, briefly pierced, and then failed back below this key level. This shows that the level is holding a strong resistance for now. Supplementary Chart C: BTCUSD's Ichimoku Cloud Chart on the Daily Time Frame The weekly Ichimoku Chart remains more bearish in appearance. The cloud remains thick and red with no trace of a bullish twist in the future that could imply a possibility for clear skies ahead for BTC. The weekly chart also shows price significantly below the cloud, and even well below the Kijun line (blue), while having risen above the Tenkan line (gold). See Supplementary Chart D (below). Supplementary Chart D: BTCUSD's Ichimoku Cloud Chart on the Weekly Time Frame The author has no open position at the time of publication (August 17, 2022) on BTCUSD or BTC-related investment products such as BTC futures, BTC ETFs (BITO) or BTC derivatives. This article is intended to present a relatively unbiased technical analysis of BTC's DISCLAIMER: This post is published solely for educational / entertainment purposes and does not constitute financial advice or an investment recommendation and cannot account for any person's particular financial circumstances. The author would not want other investors / traders to lose money by relying *solely* on this idea rather than doing their own due diligence. Before entering any trade, please evaluate the risks of (i) the instrument / security being traded, (ii) the type of trade and its timeframe, (iii) risks inherent in that type of trade and its time frame, (iv) the inherent risks of shorting securities (presenting unlimited risk without hard stops in place), (v) the inherent risks of trading options, leveraged ETFs, and cryptocurrencies, and (vi) all financial risks arising each person's personal financial circumstances. CME:BTC1! BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT FTX:BITOUSD SP:SPX OANDA:SPX500USD VANTAGE:SP500
BITSTAMP:BTCUSD
by SquishTrade
4
a great RECOVERY in INFOSYShey guys , we are seeing that IT SECTOR was in a complete state of RECESSION, but now this sector has recovered and showing signs of UPTREND therefore, IT SECTOR'S main stock - INFOSYS , this stock is showing the signs of recovery , this stock was moving in a downtrend and now this stock has crossed it's RESISTANCE and now it has RETESTED and has shown a great big GREEN CANDLE . therefore, try to grab this opportunity and earn high returns. also , the 20 day ema is above the 50 day ema which show's that this stock is in a uptrend
NSE:INFYLong
by TRADERS_AREA
S&P 500 Possible Gap Fill Based On Price Action OnlyDescription: According to historical price action market data market like to fill gaps from 2000 to 2003 and from 2007 to 2009 and 2019 to 2020 as you can see all previous gaps was filled, but this gap has been never fill and now is possible to be filled. The same price action is on others index and stocks Possibility but is not guaranteed: If all this index and stocks decide to fill all this gaps the following is possible to happen but is not guaranteed 3 Examples: Dollar Index: 35.34% UK100: 75.64% Apple: 92.51% Examples: You can use Facebook and PayPal as an example or historical price action market data as examples for a gap fill which happened this year. Warning: This is not a Financial Advice nothing is guaranteed I am not a financial expert or financial adviser I only share my opinion
SP:SPXShort
by UnknownUnicorn35433302
1
Matic - how hard to break 1 $ mark ?From the bottom of .32 matic has now 110% up.and now standing at 200 Ema . Many times coin start in downward direction after taking resistance from ema. And this downward run has average range of 20-25%. After all the news of crypto exchange around the world the and many other news, of market started following downtrend than we could achieve our 1st target of 0.8 and second with support of 0.73. Also many time market stucks in range bound .since matic is also standing at 1 usdt of round number from which i think it's hard to break 1 usdt mark. think now it's time to short rather than buying more matic.
MShort
by pithiyamaulik137
GBPJPY Intraday SHORT Opportunity Welcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
12