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BTC Can move like this chartAss you can see this week is so important for all Crypto users .So BTC needs to hold 22000$ level. But we have A FVG in 20500$-21500$. I think BTC have to pullback to this zone and clear all buy limit orders and there is a important point about bitcoin is the 99 moving average is a strong level to hold the price ever time the btc wants to break this MA more buyers open more long position. So pay attention more for break down of it This analysis will be updated. 9.13.2022
Long
by Trader_Needs
1
Euro climbs to 3-week highThe euro is red hot, having gained close to 2% in just two days. EUR/USD is trading at 1.0144, up 0.97% on the day. The ECB showed last week that its hawkishness was not limited to words, as the central bank delivered a massive 0.75% rate hike, for only the second time in its history. The markets are paying attention, and the move has triggered an impressive rally by the euro. The ECB sent a powerful message that it is committed to curbing inflation by raising rates, even at the risk of a recession. President Christine Lagarde said at the meeting that she expected three or four more hikes, and the markets have priced in 0.50% increases at the October and December meetings. The economic outlook in the eurozone remains grim, with PMIs pointing to weakness in manufacturing and business activity. Russia has shut down the Nord Stream 1 pipeline which supplies gas to Germany, raising fears that the eurozone countries could face an energy shortage this winter. It should not come as a surprise that confidence levels are weak. The ZEW Economic Sentiment index remains mired in a deep freeze, and slowed to -60.0 in July, down from -55.5 in September. Has US inflation peaked? We'll get a look at US CPI for August, with the markets expecting inflation to fall to 8.1%, down from 8.5% in July. Following the unexpected drop in July's inflation release, market exuberance that the Fed would make a U-turn on its aggressive tightening sent the equity markets up and the US dollar sharply. The Fed has remained consistent with its stance and the markets appear to have internalized that the tightening cycle has some more room to run. The markets have priced in a 75 basis point hike at the meeting on September 21st. Tuesday's inflation report will be doubly important, as it marks the final economic release before tomorrow's meeting. If inflation hits 8.1% or higher, it would likely cement a 75bp move by the Federal Reserve. EUR/USD has support at 1.0107 and 1.0008 There is resistance at 1.0152 and 1.0257
by OANDA
WIX: Bear market rally?Wix.Com Short Term - We look to Buy at 65.69 (stop at 58.33) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 60.00. A weaker opening is expected to challenge bullish resolve. Support is located at 65.00 and should stem dips to this area. Preferred trade is to buy on dips. Our profit targets will be 84.99 and 92.00 Resistance: 85.00 / 110.00 / 200.00 Support: 65.00 / 53.00 / 34.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:WIXLong
by VantageMarkets
Gold amid rising yields and dollar strengtheningSince we last covered gold , most of our views have played out, as real yields rose and dollar strengthened significantly. As central banks remain committed to fighting the greatest inflation seen in decades, we see continued headwind for the yellow metal. Going back to our real-yield and dollar analysis framework, we see 2 key points. Firstly, real yields have increased significantly as US Interest rates rise at unprecedented levels due to back-to-back rate hikes. Central bankers have continued to pre-empt the markets on the rates hiking path, and we see no reason for the US Federal Reserve to change its stance anytime soon. Thus, we think that real rates are likely to continue upwards. Secondly, the dollar is now trading at a 20-year high. With no major resistance until the 120 level, we see a clear path upwards as the backdrop of higher yield continues to favor the dollar. Looking at the charts we see a potential double top chart pattern, for gold. With the first peak slightly higher than the second and current prices trading near the neckline, we think the bearish set-up is almost complete for gold and prices are likely to decline from here. Barring any surprise data points from now till the next FOMC meeting in 2 weeks’ time, it is highly likely for the Fed to continue its hiking path which will drive real rates & the dollar higher. This presents a strong headwind to gold which could tip lower if we see a clear break of the neckline. As such we think gold is caught between a rock (higher yields) and a hard place (stronger dollar). Entry at 1723, stop at 1830. Target at 1530 and 1360. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
COMEX:GC1!Short
by inspirante
14
INFLATION HAS TOPPED OUT!Good day We have all heard the news regarding the FED increasing interest rates in order to solve the inflation "crisis" we are currently enduring. Some say this is great, some say this is horrible, however, overall this move was inevitable as markets such as this are cyclical and manipulatable by those who control monetary policy. For those who are in the market for a quick buck that follows the advice of so-called pro traders, this may not be the greatest time for you. On the other hand those with diamond hands, the smart money understand the benefits of this very rare occurrence in time. Not only will you be handed a highly decreased asset to invest in, in the next few days/weeks but, your spending power will increase due to the FED's attempt to bring inflation to 2% on top of a substantial increase in wealth once we are out of the thick of it. (2024) It is not possible to know when inflation will reach 2%, only those who control the market fluctuation know these dates but for now, we need to understand that we are going to be in a recession most likely for the better part of 2 years, which coincidentally will line up with the cyclical bull market structure of BTC. Could this be a coincidence or are we heading for a bull market never seen before? it could be argued that the crypto space specifically has been held back in the recent bull market and like a spring will eventually jump to levels only one could dream of. This statement will be strengthened dramatically as the world moves into a space where digital currency becomes the framework of the exchange of value internationally and in all aspects of the current macroeconomic structure. This narrative will only be pushed on an institutional level once the ever-desired and increasing space achieves regulatory clearance of some sort in order to enable governments to sustain some sort of market dominance. This idea is widely unexcepted by the retail investor as most feel governments must be done away with in order to open up for a fully decentralized network to govern our financial sector globally... as great as this sounds it just sounds more and more like a pipe dream. We as people need to have some sort of governance and a system that regulates our decision-making on a financial level or else chaos will break out leading to potentially societal collapse. But on the bright side, the crypto space will eventually allow for a stable deflationary environment where our wealth will have a safe haven to grow. All we need to do is sacrifice complete decentralization in order to achieve a potential innovation of the financial system that will revolutionize finance forever... In this case, we all win... @TradingView
ECONOMICS:USIRYY
by Crisp_Flow
2
Winter is Coming to Financial MarketsWTI crude oil is currently trading at $83 a barrel. Who would have thought that with OPEC cutting oil production and Russia shutting down natural gas distribution, petroleum would be $10 cheaper than when the Ukraine War first started? Winter is coming to global economy. And financial markets everywhere would be bracing for a deep freeze in the coming months. On Wednesday September 14th, I will be delivering a keynote speech titled “Option Strategies Focusing on Global Crises” at the trading floor of CBOE Global Markets (Chicago Board Option Exchange). Those who follow my writings on TradingView know that I first unveil “Event Driven Strategy Focusing on Global Crisis” three months ago, in this writing on June 7th. I warned my readers of the upcoming bear market on June 22nd. On July 3rd, “Have Gasoline Price Already Peaked” became the No. 1 trade idea featured in TradingView Weekly newsletter. “Market Impact of the US Mid-term Elections” was selected as an “Editors’ Picks” on August 17th. TradingView Weekly newsletter with the title “Midterms are Coming” were emailed to millions of subscribers including you and me. On August 29th, “The Great Wall Street Repricing” became my 7th “Editors’ Picks” trade ideas, and made it to TradingView Weekly for the 3rd time. If you are in Chicago next Wednesday, it would be great to meet up in person. Besides the seminar, you could observe the market close bell ringing and mingle with other traders in our networking cocktail party. If you aren’t in Chicago, you could join us online. Details for event registration could be found at my Twitter (please check my account profile). To comply with House Rules, I could not disclose more information here. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
NYMEX:CL1!Short
by JimHuangChicago
25
LYV: The music just stopped!Live Nation Entertainment Short Term - We look to Sell at 90.13 (stop at 93.80) The medium term bias remains bearish. A bearish Head and Shoulders is forming. The measured move target is 81.00. Further downside is expected although we prefer to sell into rallies close to the 91.00 level. Our profit targets will be 81.20 and 79.00 Resistance: 93.00 / 99.50 / 127.00 Support: 81.00 / 74.00 / 60.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:LYV
by VantageMarkets
CRYPTO TOTAL MARKET CAP MAKING MOVES!Good evening all! The total market cap is currently ranging even though it has had a large bearish candle on the 4 hourly charts. I cannot predict the market however, I can put a few psychological indicators together and estimate the most likely event to follow. The most recent move can be seen as a breakout of a bearish flag formation. we are still in a range however, this pattern sets a target that will see the price breakout of this consolidation area if the bears are able to stay in power. Range explained: The support and resistance levels are placed using the fib retracement on the daily chart, these levels happen to be the strongest levels of support/resistance (50% and 68.2%) thus any move below/above would most likely result in a continuation/reversal. My opinion leans towards the bears as the overall market is bearish and my indicators show strength in the bears. The 972B price had been tested a couple of times and has been solidified as a strong level of support\resistance to break in the future, as it added confluence in the strength of the bears. This Level is to be carefully watched on the way back up. If the market had to remain healthy after this dramatic decline in a short period, I would like to see a retracement up to the 944-942B price in order to have more confidence in the flag breakout as well as a prosperous decline to the potential target which lies at 867B . The 944-942B level acts as a strong middle point in the consolidation range and thus will make a great reflection point before the price continues downwards. Thank you for your much-valued time! Please feel free to give me your opinion and like the article if you found it interesting. @TradingView
CRYPTOCAP:TOTALShort
by Crisp_Flow
Unemployment is inevitable according to market history.Graph of the inflation rate with unemployment rate laid over top. EVERY TIME that inflation has peaked and rolled over, unemployment has spiked shortly after. If you wonder why Powell says things like "The labor market is unsustainable." it's because he and every central banker in the world (more or less) are trying to kill inflation. Inflation dies, it takes out employment. So the next time someone points to labor statistics as a sign of economic health, you can tell them that employment is transitory.
ECONOMICS:USIRYY
by stockpreacherman
1
As policies continue to diverge…For readers who have been following us right from our first ever TradingView idea, you’ll recall our first ever trade idea on long USDCNH. It’s been a fun 5 months writing and sharing our thoughts with the community. Much has happened since April, but two critical things stayed the same. The US Federal Reserve remains hawkish, raising rates, while the PBoC remains dovish, continuing with its easing stance. The result? USDCNH trading beyond the 6.9 level, surpassing both our target levels. With the next Federal Reserve meeting coming up, we think it’s time to review this idea again. The CME FedWatch Tool allows us to gauge what market participants are expecting the Fed to do. The prevalent consensus seems to be that the Fed is likely to raise rates till the end of the year before holding rates at the 3.75 – 4.00 % level for the next year. On the other hand, the PBoC has continued to ease, cutting reserve requirement ratios & lowering its medium-term lending facility. With China still battling Covid via lockdowns, persistently low inflation numbers, and weak economic numbers, we see further easing on the cards from PBoC. Looking at the charts, the USDCNH pair has just completed a symmetrical triangle chart pattern. After breaking out to the upside and a brief pull-back, prices continued upwards with strong momentum. Using classical charting techniques, the target levels for the breakout can be set to the distance of the high and low of the symmetrical triangle and applied to the top of the triangle. With the target price of 7.1180, there is still upside for this trade. It seems that policy divergence will remain for these two major economies, which is likely to strengthen the USD and weaken the CNH further, driving up the USDCNH pair. Using technical to identify target levels where we will be comfortable, we think that there is room for more upside. Entry at 6.9500, stop at 6.8545. Target at 7.1180. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. Reference: www.cmegroup.com
CME:CNH1!Long
by inspirante
9
FED Pivot?This chart suggest a FED pivot arriving much sooner than some may suspect. Compared to 2016 - 2019, the fast & big drop that usually follows a euphoric peak, came much quicker for this year. Given how much money printing went on during the pandemic, it's worth considering that this might be simply the first and second Elliott Waves for commodities, but there will be big corrections along the way, and since inflation is the rate of rising prices, not the price change itself, it would not be surprising for the FED to declare victory sooner than later. As for the fact that recessions often coincided with rates dropping, today is not comparable because the FED only started raising rates recently. It is arguable that the FED actually raised rates roughly around the right time, not "too late" as some would argue.
AMEX:DBCShort
by Indotermes
SPY will bottom before FED ends rate hikes:see contrarian viewLast August 27 I already gave the bearish scenario wherein the FED continues even into a recession. The downsides were 350, 320 & 280 IF SPY breaks below 400 & 380. Today, Friday, SPY seems to be doing an oversold bounce. So let us assume the contrarian role against the market’s extreme pessimism. What if the market sentiment changes & the market suddenly realizes that the FED is just pretending to be very hawkish just to kill that big rally from June bottom of 362? From June low, SPY rallied a little more than 61.8% Fibonacci to be stopped by the ma200 at 431. From there it reversed down exactly to Fib 0.618 at 3900. This bullish view will take into account certain things: *The duty of the FED is not only price stability & full employment but also to fund the government. Rising interest rates will blow up the govt debt. *Inflation has gone down in commodities like gasoline, food, durable goods. Rents & wages are more sticky. Fuel prices will go down if Iran deal push through or if Saudi agrees to increase production. The US, unlike EU, has enough supply of natural gas. *A FED pause is still possible in 4Q2022 or early 2023 if inflation & the economy really slows down due to demand destruction, earnings recession, lay-offs & rising unemployment. FED may keep rates steady for a while & then continues with less hawkish hikes. If rate hike is overdone, rate cuts & QE will return quickly to save jobs, the economy & control government debt. *This may be enough for sentiment to change & for buyers to come in pushing this rebound even higher. Let us just assume that the June low of 362 is already the bottom & SPY is doing an ABC wave up. Using Fib extensions, the possible levels are 460, 476 (double top), 500 & 530. Volatility will remain high with recession fears & geopolitical uncertainties not going away soon. See the wedge down & the wedge up. FADING THE FED IS TECHNICALLY POSSIBLE but fundamentally less probable. Not trading advice
AMEX:SPYLong
by xtremerider8
The Only Chart That Matters for The Next DecadeConsumer Price Index Year over Year (CPI YOY) vs 2 Year Yield (2YY) vs Fed Funds. To even begin to arrest inflation, the Fed has to get Fed Funds above the 2YY. To break the back of inflation, the Fed must get Fed Funds above CPI YOY. Does the most recent drop in CPI YOY mean that peak inflation is already in? People forget that when inflation runs hot, so does its volatility. For lasting inflation reduction, the Fed has to get to the real neutral rate. And consider that the CPI formula you are seeing in this chart has been altered numerous times, proponents would say to better reflect productivity gains, critics would say to mask real inflation to benefit the government. Whatever you believe, if we calculated CPI the way we did in 1980 it would be nearing 18% . So it's much, much worse than this. This is the only chart that matters for the next decade.
FRED:FEDFUNDS
by UnknownUnicorn1334230
Euro rebounds after sharp losses, NFP nextThe euro is in positive territory today after taking a nasty spill on Thursday. In the European session, EUR/USD is trading at 0.9984, up 0.40%. Thursday was a day to file away and move on for the euro, as EUR/USD tumbled 1.07%. The euro is under pressure from a high-flying US dollar and is having trouble staying above the symbolic parity line. A combination of solid US numbers, weak eurozone data and lower risk sentiment sent the euro sharply lower. German Manufacturing PMI dipped to 49.1, down from 49.3 in July. This marked a second straight contraction, and was the lowest level since May 2020, at the start of the Covid pandemic. It was a similar story for the eurozone Manufacturing PMI, which dropped from 49.8 to 49.6, a 26-month low. The manufacturing sector continues to struggle with supply chain disruptions and a shortage of workers, and high inflation and an uncertain economic outlook are only exacerbating matters. In the US, the ISM Manufacturing PMI held steady at 52.8, showing modest expansion. The labour market remains strong, with initial jobless claims dropping to 232 thousand, down from 237 thousand a week earlier and much better than the consensus of 248 thousand. Adding to the euro's woes is the uncertainty over European energy supplies from Russia. Russia has shut down Nord Stream 1 pipeline for three days for maintenance, but Germany has charged that the shutdown is politically motivated and that the pipeline is "fully operational". Nord Stream is supposed to come back online on Saturday. Even if Moscow does restore service, this episode is a reminder of Europe's energy dependence on an unreliable Russia. Germany has greatly reduced its dependence on Russian gas, from 55% in February to just 26%, but a cutoff from Moscow would result in a shortage this winter. The week wraps up with the August nonfarm payrolls report. The consensus is for a strong gain of 300 thousand, after the unexpected massive gain of 528 thousand in July. The report could well be a market-mover for the US dollar. The markets are finally listening to the Fed's hawkish message, and a strong reading will raise expectations of a 0.75% hike in September and likely push the dollar higher. Conversely, a weak report would complicate the Fed's plans and raise the likelihood of a 0.50% hike, which could result in the dollar losing ground after the NFP release. EUR/USD is testing resistance at 0.9985. Above, there is resistance at 1.0068 There is support at 0.9880 and 0.9797
by OANDA
EURUSD in the BOX !Hi dear friends; According to the two falling equal lags that you can see in the chart left side (two-piece spike), now I think we are in the trading range of the market cycle after the descending channel. On the other hand, we can see the price second encounter to the top of the trading range also, it seems that the double top has been forming, and the price can fall to the lowest part of the box. I will be waiting for the confirmation of this double top in different time frames. The news from the Federal Reserve indicates an increase in interest rates also. I think that the Euro will lose resistance soon! Cordial regards.
Short
by ali5adeghi
HPQ: Charts dnt lie?!HP Inc Intraday - We look to Buy at 28.99 (stop at 26.49) Short term momentum is bearish. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 35.19 and 38.00 Resistance: 36.00 / 41.00 / 46.00 Support: 27.00 / 23.00 / 15.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:HPQLong
by VantageMarkets
Another Dip in the Market. What's the Silver Lining for Crypto?With inflation's end nowhere near in sight, the Federal Reserve this week announced more "tough times" ahead - indicating that they're likely to do more interest hikes for the rest of 2022. Inflation rates in the US right now sits around %8-10 - but since CPI reports exclude food and energy prices by design, the "real" inflation rate is likely a lot higher. Most people see the prices of food and gas rising in their own lives and are probably feeling more than what the "official" numbers say, at least. A lot have been said about what this means for the economy as a whole, but if you're a crypto investor the things to recognize are: - This is the first time in history that the Federal Reserve has increased interest rates during a recession - normally you lower rates as the economy dips to give it a boost, but the Feds have no room to do that since the rate was already at 0 for most of the last decade. The problem is much more severe than it is typically reported, especially in the wake of the COVID lockdown procedures that we have yet to experience the full effects of, yet. Some are predicting a market correction as high as 50-60% in stocks, 30-40% in real-estate. We don't know if it's going to go that high but there's no reason to think that it's going to improve, at this point. ("Brace for impact", as many have been warning for a while - it's finally coming.) - Increases in interest rates generally means borrowing is more expensive, which is likely going to slow down startup investments in the Web3 space, too. Crypto projects, VC/VC firms, and "thought leaders" in the space as we know now are likely to disappear in the next few years as access to cheap money dries out. - Crypto projects that have been heavily reliant on marketing to keep their prices up will likely tank with the fiat markets, because of its increased overlap with the mainstream economy. Even Bitcoin, Ethereum, Dogecoin, etc. may be in trouble since their notoriety may turn sour when the fiat markets tumbles further. (Being well-known is not an asset in this case, in other words.) - Currently the most popular crypto coins have no means of reacting to inflation rates (except for Ethereum, which will begin its staking services after the "merge" in September, in theory), so they may struggle to justify convincing people to HODL while the banks start to offer higher interest rates for savings accounts overall. Staking coins like Tezos , Algorand (ALGO), Cosmos(ATOM), are in better position to take advantage of these trends since they are, at least for now, outperforming the banks by a very large margin. - When the economy as a whole starts to get unstable the common wisdom is that money will flow into the USD. We don't know if that will happen this time - especially with the USD's credit rating outlooks having deemed "negative" by international agencies since 2013. We know that generally speaking, interest in crypto assets tends to increase in countries where its fiat currencies are less stable - but that often requires a breaking point in which the population loses faith in the banking system as a whole. Are we at that point, yet? - For crypto prices to stay stable, all it needs is about 1% of existing fiat money to maintain its current price. (The general economy is about a 100x bigger than the crypto economy as a whole right now.) But it's allocation, per coin, is not likely to stay even. Crypto will bottom out with the fiat economies, but only a select few coins are likely to make a comeback during the recovery process. Many crypto investors are banking (literally) on the general public losing faith in the fiat system as the market dips further, which will make crypto investments look more appealing. The most obvious "utility" for crypto right now is staking rewards - which are objectively outperforming the banks right now, but the bear market will also be a period for altcoins working on providing real value to its users to come out ahead. It's going to be a wild ride either way - good luck, folks. 🤞
BITTREX:DOGEUSDLong
by RyanTanaka
16
TOTAL CRYPTO MARKET CAP LOOKING BEARISH!The market is currently on route to levels lower in the following days to come. This statement will be justified in the paragraphs that follow. Flag break: The market was trending in a bearish flag formation starting on the 18th of June and has recently broken out on the 19th of August. The breakout target levels for this flag formation puts the total market cap at prices as low as $618b, however there are a few strong levels of support that will prevent a sudden drop in price which will result in a hopeful healthy decline in price. It could be argued that the $765b support could be a bottom for this move as there should be a huge buy back at these levels as it does pose as a strong support, being the intraday low of the flag formation. EMA: Following the break from the flag formation, the price has fallen below the 100 Ema again, after peaking above briefly. This adds additional confluence for the bears to continue strong. Looking back at the previous brief break above the 100 EMA followed by a sudden break under, the current price seems to be playing out similarly to the past move. The following attachment is the example of the similarities of the current price movement. RSI: The RSI is looking slightly oversold however still has some way to go in relation to the previous bottoms at 21.74. This indicator strengthens my predictions on a potential consolidation area in order to build up for another bearish move. My opinion over a consolidation area will be discussed below. Support, Resistances & Fib: The price has broken below a previously strong level of support at $960b, therefore it could be argued that the price will consolidate below this level to recreate the support as a prominent resistance. This level of now resistance is also a 50% fib retracement level further strengthening is position as a key level of support and resistance in the future. The red circle displays the break from the key support: The 61.8% - 65% level is approaching and should hold the price up for some time. It could be argued that the price has fallen into a consolidation area between $972b and $911b. This potential consolidation area would further create health in the price action by making sure the market does not overextend, however due to the current news regarding inflation reduction by the fed could result in the price falling straight through these levels due to massive sellouts however this is all speculative at the moment. I shall be looking into the matter which will be discussed in an article that follows. Feel free to give me your most honest opinion on the current market. Thank you
CRYPTOCAP:TOTALShort
by Crisp_Flow
Bitcoin In a Sucker's Rallyhello frends its ur pal coinholio and i have an opinion abou the marked my thinkings is that the bit coin is not at a good price. too much people think that fed will pivot at the first sign of a down turn and we will get qe to maek price again. me no thinks that will happen sooner enough until market is alredy worse than it be right now. there is a rally in stocks that bitcoin follow right now because some peeps think we can land softly, but i think we will land on our bungholes, let me explain the reason why: fed pause is not fed stimmy if internet rates make a rise, the fed will stop making them go. but fed will not give stimmy until everyone gets fired and we are balls deep in a recession. me thinks not only the soft landing narrative is false, it will break down in the next few months and bitty will be mad. recession will come sooner at the end of the year and stimmy in mid to late 2023. the numbers of peoples with job is still very high but its one of the only raisins that we arent in official recessino, spy lags behind, but bitty will follow spy price action and get crushed to oblivion in a recession. people is buying less stuffs, less stuffs is being producted, there is less supply, less demand, less of the real wagerinos. we is at the cusp of recession and its coming sooner than u think. my source is a forest rat, i met him in a forest and his name is benjamin and he told me that things are looking bad and i should move into the forest with him. then we discusted the market and he said he sold his house a few months ago. some people use like, leading and coincidence indicators to make decides about this but woodland creatures i thin can tell a more accurate story about whas gonna happen. im gonna not post much cuz they dont have internet in the forest but i put a lot of money into james bond and took him into the forest cuz apparently he does goodly during slowing economix gross. thank you for watching if u like my video please smash that like button and subscribe to my channel and dont forget to enable the notifications so i can tell u which berries are safe to eat and which ones give u the runs
COINBASE:BTCUSDShort
by coinhoIio
S&P 500: Daily outlookS&P 500 forming a bearish Gartley pattern that I found out in Daily chart, what we could to see a bearish movement to the previously lower like 3600 pts. Also, remember that this occur what happen what the FED could to hike interest rate right now in September put the global financial market in worst situation of the bear market. And also tightening the America monetary policy. Talking about technical analysis, we see that S&P 500 forming a higher low in 3 occasion that maybe, I thinking that stock market could to be a possible market crash what FED do, and also cooling down the inflation rate But now, S&P 500 show us that stock market could to be weak during the next days, and also very correlated with Bitcoin and cryptocurrencies to short this assets. I hope that this idea support you!!!
SP:SPXShort
by harisonhbn9718