XAUUSD: BEARISH ASCENDING TRIANGLE 🔻XAUUSD: BEARISH ASCENDING TRIANGLE 🔻
BIAS: BEARISH 🔻
TECHNICAL PROJECTION: BEARISH
On the H4, we have a bearish bias that price will potentially create the "E" wave to continue further bearish to 1722 target to complete its "e wave" from the bearish descending triangle pattern.
FUNDAMENTAL PROJECTION: BEARISH
DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at $60b & $35mbs over the three month timeframe.
Dump
Cash Cow Prediction Short Time FrameLUNC has been playing with peoples heart and money since the original Luna crash and the depegging of UST from the dollar. The last few days have shown an immense level of growth...returning it to close to the original listing price a few weeks ago. Currently the top is forming a large H&S on the 15 min, indicating a big dump en route. Hope y'all make it in time. Good luck!
MSFT redistributingHey y'all
I've been watching MSFT as of late as I think it is in the process of redistribution before the next leg down. If you take a close look at what MSFT has been doing lately, you may notice that what it is doing looks quite similar to the leadup to the fakeout rally it had in March. I am currently expecting a very similar move, and am looking to buy any new 52-week-low in MSFT to benefit from such a fakeout rally that I expect could take it to the high 270's, all before shorting it when it gets up there. There are plenty of reasons to suspect the rally would get faded should it get to the high 270's as I am predicting, not to mention how high up MSFT is relatively and its high P/E ratio . Moreover, it is fresh off of distribution.
Disclaimer: I believe we're at the end of a market cycle(a crash) and are in the process of redistributing before the next leg lower
Possible short setup XLBHey y'all,
On XLB, there is little to suggest that we aren't going to have a counter-trend rally in July. That being said, there are even fewer things suggesting that said rally would not be faded, though predicting where exactly the rally will be faded is an incredibly difficult task. If it somehow manages to push its way up to $82/share, I think it would be an incredible short, though I think it may only make it to around $80. Good luck with your trading!
Nasdaq end of market cycle(crash)Hey guys, it's been 14 years since the last true end of market cycle crash(though I could argue 2016 was a crash of sorts). Taking a look at the previous 2 market cycles leading up to the 2000 and 2008 crashes, you can see the logarithmic trendline highlighting the euphoria phase of the stock market prior to the subsequent crashes. All in all, there is little to suggest that this breakdown of the log trendline that marks significant moments in the market will not lead to a stock market crash as it did in 2000 or 2008, especially considering inflation, high valuations, excessive margin, speculation(even though the speculative growth bubble is largely popped), and the simple fact that the Nasdaq has been up 13 consecutive years. Though many sectors are beaten down, I expect future legs down to be more violent as more and more sectors enter downtrends that previously weren't(namely agriculture) that will plummet the indices with them. In the immediate term, I expect there to be whipsaws both to the downside and upside, but I expect the resolution to be significantly lower by the end of summer.
BTC SUPPORT LINES AND GAME OVER RIP LINE. This chart I am showing you what I think are the support lines that must hold or down to the next is 100% guarantee. Note the 3k line IF we go down that far must hold or DEFI is dead and all coin is nothing but a memory of how the world lost money. Also know that the longer we go down and stay down, the bigger the recovery will be. This is crazy and stay clear of alts, some will die. My TOP TEN LIST, of coin I think will recover best are in no particular order are. BTC, ETH, SOL, MATIC, CRO, SHPING, DOT, AVA, ADA, UNI. No I did not list meme coins because they are manipulated by twitter critters who just smell MUSKY to me. I think 10K is going to hit and I hope hold, but no one knows anything anymore at this point, Best of luck to you all, I might place some more at 10K but I want to see 3 steps up before I go long with a real investment. It will go up, just have to wait months or years, No one knows anymore, until lending coins stop failing. But things happen in 3's and watch for big time regulations to hit hard as feds get protective due to all them crying eyes who did not believe the crash, heck, this deep down got me off guard. I thought 23K would be it. I was wrong. Be safe, Be smart, and get wealthy my friends.
a BTC correlation that no one talks aboutSomething I'm wary of are geopolitical events under the hood. Past capitulations of $btc required that $usoil AND traditional markets to decline. So far, USOIL has not seen a capitulation, and a BTC bottom might not be confirmed until USOIL reverses and finds its bottom.
Macro indicator & misc. targets update:
6/03/22
Current Price: $29,700
RSI 3W: 2.7 points from bottom
BB %B 3W: Bottom hit
CCI 3W: Bottom hit
CMF 10D: Bottom hit
MFI 10D: Bottom hit
200W EMA: $27,100 - hit
200W MA: $22,100 - n/a
200W SMA: $17,700 - n/a
85% drop: $10,000 - n/a
Recession/Major US war involvement: $4,000 - n/a
Bitcoin was created out of the ashes of the global financial crisis, it *should* do well in the face of another one; however, that's ultimately up for the people to decide. May the odds ever be in your favor.
Thanks for playing
Relationship Between BTC.D and BTC price and Altcoin priceshello friends today i want to tell you how can you peredict altcoins behavaior according to the
bitcoin price and bitcoin dominance.
so come with me to say you how it works:
liek you can see in below chart :
if BTC price increase and BTC .D( Bitcoin Dominance) increase too ====> Altcoins price decreases.
if BTC price decrease and BTC .D increase ====> Altcoins price Dump and decrase heavy.this is dump phase.
if BTC price go sidewalk(without up or down) and BTC .D increase ====>Altcoins price dont change and this is accumulation phase.
if BTC price increase and BTC .D decrease ====> Altcoins price increase quickly and this is altseason.
if BTC price decrease and BTC .D decrase too ====> Altcoins prices go sideways.
if BTC price go sidewalk and BTC .D decrease ====> Altcoins prices increase.
hope this article be useful for you.
please support me for more useful subjects.
thanks friends.