Important Support Zone: 17496.82-17806.08
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I published it as a NAS100USD chart, but this is the first time I published it as an IXIC chart.
The reason I published it as an IXIC chart is to check the gap location.
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To summarize the content below a little more,
- The key is whether it can receive support near 17806.08 and rise above 18425.15.
- If it rises, it is expected to determine the trend again near 19189.16-19615.36.
- If it falls below 17806.08
1st: 17496.82
2nd: 16480.98-16574.39
3rd: 15491.66-15780.14
You need to check whether there is support near the 1st-3rd above.
- Since the StochRSI indicator is currently in the overbought zone, even if it continues to rise, it will eventually show a downward trend.
At this time, whether there is support near 17496.82-17806.08 is important.
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It is rising with a 2.32% gap increase.
It is expected that a full-scale uptrend will begin when it rises above 18425.15.
Therefore, the key is whether it can rise with support above 17806.08.
If it falls below 17806.08, it is likely to fall to around 17395.53.
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It has risen above the left Fibonacci ratio 3.14 (17191.03) and is rising near the right Fibonacci ratio 0.886 (18171.81).
Therefore, if it rises above 18425.15, it is expected to determine the trend again near the right Fibonacci ratio 1 (19189.16) ~ left Fibonacci ratio 3.618 (19615.36).
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However, since the StochRSI indicator is currently in the overbought zone, it appears to be forming a high point.
Whether this high will be a real high or a high to create a pull back pattern will depend on where it is supported.
Therefore, if it falls to the lowest point from the current price position, the key point is whether there is support near 17496.82.
However, as I mentioned earlier, the first support area is near 17806.08.
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Have a nice time.
Thank you.
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Nasdaq Composite Index CFD
Nasdaq bullish or bearish cross roadsif Nasdaq breaks the 17700 levels and close the day above 17700 then we have confirmation of a breakout of the bear trend that started in July 2024
Now there might be retest of the 17500 levels once it breaks 17700 which is perfectly normal so dont panic but this breakout will confirm a bull move for the rest of the year and we will break through the previous high this year
E.L.E.2Just another day at the office...
Plotting the SPX median line shows something quite ordinary.
No problem is apparent. All is well in the financial markets.
Classic candle charts hide the truth, as I have many times explained.
SPX now prints a bear 2M bar on the 3-line-break chart.
This simply means that a bearish engulfing has taken place on a significantly large timeframe.
These things come up rarely. They must not be ignored.
... Extinction Level Event 2
On the main chart we see a massive RSI divergence taking shape.
Coupled with a massive bearish engulfing, fear is beginning to hit.
Too much has accumulated in Big Tech. (Notice the bull confirmation)
SPX Democracy is at a multi-year low.
The XLK vs SPY ratio has reached the 2000 levels. (Notice the bear confirmation)
The .com bubble burst is coming again.
No big stock is safe from this event...
MSFT
META
There is really no point showing more. If you get it, you get it.
Mayday Mayday Mayday
Brace for impact
(Personal Savings vs IXIC) * Purchasing Power of USD (Personal Savings vs IXIC) * Purchasing Power of USD
I noticed Personal Savings is very bearish, near 2011 levels. So I multiplied the Purchasing Power of USD by DXY and the IXIC, Composite Index. So it's a more fair comparison of value to the past. Then I adjusted the Decimal Places, so they would be in the same scale, for better comparison.
As the arrows point out, when Personal Savings falls below the Andrew's Pitchfork Median, Bear markets start. With Unemployment up, and a dead housing market, this is a bad sign.
Stocks and BTCBTC is analysed from price 0, 12 Jan 2009. Aggregate of stock markets (IWM, SPX and IXIC) are analysed from 2009's crash. Both asset classes are normalised to gold.
Using the Elliot Wave Theory on the long-run movement of BTC and Equities the following has been determined:
1. BTC has converged to the stock market's movements
2. Equities and Cryptos have passed the Wave 5, currently finishing the Wave B corrective movement.
THE FREAKY SEVEN IS SET TO CONTINUE ITS CHEMICAL TRIP. SOON...US stock indexes closed mixed on Monday as investors awaited a massive wave of data this week.
171 companies within the S&P 500 are set to report their second-quarter earnings results this week, and expectations are high given the Nasdaq Composite (IXIC) 16% year-to-date rally.
Some of the biggest companies including Apple, Microsoft, and Amazon will report results this week.
I won't sing you lullabies about expected numbers.
The major technical graph indicates that 50-Day SMA already done & fully retested.
The next one chase is IXIC 125-Day SMA & all the way below, as much as it possible.
SPX | The Sleeping PilotTraders have made the ultimate mistake, they were caught sleeping on the steering wheel.
And after missing the trend, they attempt to enter it again, only to realize that they have trapped themselves.
A question arises: Were they sleeping or are they performing a suicide attack?
SPX is like a sharp kamikaze plane. Perhaps of Japanese origin, closing in to Perl Harbor.
A wise one should never cut towards them. A knife pointing upwards can only kill bulls.
If they wish prices to go up, they must turn the knife down, to kill any bears that step in their way.
But it seems though the markets are not wise right now.
A successful kamikaze is a fearless kamikaze.
All was well when the soldier was certain of their attack. SPX has been moving in perfect correlation with fearless index, aka VVIX / VIX ratio (orange line).
But now they have second thoughts. And that is their weakness.
SPX is heading upwards with growing fear right now.
VVIX/VIX is the thought, SPX is the action. We are in a jet lag, in no mans land.
The seconds before the pilot moves the joystick back instead of forward.
This is not the first time we are dealing with a soldier who is having second thoughts.
Once in 2018...
...another one in 2020...
...and finally in 2021.
This fight is almost over for the bulls.
Question is: Who will win the war?
Tread lightly, for this is hallowed ground.
-Father Grigori
P.S. Many have made jokes about the POTUS as being sleepy.
Never call someone something you don't want to be called yourself.
The Apple DominionThe weakest minion can terminate the Apple dominion.
Apples, like all fruit, are born to serve two purposes.
To spread the apple species and to feed birds, worms and humans.
The life of the apple is interesting to watch. It began as a tiny seed in the fields of NASDAQ in 1980, weighing at $0.39 (or grams).
Now the apple has grown to be almost 800 grams. That is record heavy for an apple.
(There have been several stock splits that lowered the price of each apple)
The miracle of nature is, that a tiny cell can multiply thousands upon thousands of times. In this case, our apple fruit has grown almost 2000x since its birth.
We have fed off of apples for a long long time.
The consumption of apples (measured in pieces) reached its peak in 2010.
Most who needed to eat a single apple, have eaten it. Volume is significantly decreasing.
This apple fruit is now massive in size. No sane person would eat 800 grams of apple in an evening. Of course volume has significantly weakened. Now with a single apple you can feed an entire family.
To make some sense of the real need for apples, we have to consider the daily consumption of apples in grams, not in a piece-by-piece basis.
This indicators makes a very simple calculation. It multiplies volume with the logarithm of price.
If we wish to compare price to volume, we must convert them both in the same scale.
Volume is linear, while price is logarithmic. To compare apples to apples, price must be turned into a linear number.
An interesting phenomenon takes shape right in front of our eyes.
Apple consumption reached its peak in 2008. From then, the market is getting progressively more saturated in apples.
Think about it. Everyone who needed an apple, has eaten one.
There is almost nobody left who has never eaten an apple.
Up until 2008, most the majority of apples went into our mouths.
Now, the majority of apples will have to evacuate through the back door.
Consumers have eaten too much of everything, not just apples.
Similar saturation problems occur in the wider feed (equity) market.
Stepping aside from the wider eating problem, we can perform some more analysis on recent price action of apples. To further support the following analysis, I will consult some professionals. Robert D. Edwards, John Magee and W.H.C. Bassetti. In their book called "Technical Analysis of Stock Trends (Eleventh Edition)", in page 62 there is an incredible chart.
As it turns out, Head-and-Shoulders patterns can be non-normal. With many bumps for heads and shoulders. This chart will be used as a guideline for recent apple prices.
These charts are too similar to ignore. Truth is usually hidden right under our noses. We may choose to ignore it, but it still exists.
While the NL (Neck Line) trend is intact, a wider trend is at risk.
Even if price tries to cloud your judgement using fakeouts, you must stay strong in your view.
And if you are afraid of being wrong, you must find more ways to prove that you are not an elephant.
Tread lightly, for this is hallowed ground.
-Father Grigori
The Dot-AI BubbleSpeculative bubbles excite traders and investors alike.
NVDA is the absolute winner of the AI craze.
Craze is the sentiment of the market cycle peak.
After craze and euphoria, fear and denial will inevitably flood our minds.
It is nothing more than the never-ending cycle of the economy.
A simple line drawn on a chart spells the ultimate demise for speculation.
NVDA is making all-time-highs. Its performance/momentum however is showing alarming signs of weakness.
Beware. Not all is as it seems.
The very nature of a Bubble is that it defies all measurable mathematics.
NVDA wants more. It wants everything. Just like any other corporation would.
For capitalism, more equals more.
NVDA aims to swallow the entire money supply. Improbable as it may seem, physics theoretically allows that.
Divergence is one of the most misunderstood concepts in analysis. Divergence is not describing a future weakness. It describes the current weakness.
NVDA is moving so fast, that its bear market is itself growing exponentially.
If NVDA is now moving slower now than it was in 2015-2018, how fast is it trying to go?
NVDA remembers the explosiveness of that period, and is trying everything to repeat it.
Prices and investors have memory. Both however forget the well-known saying.
Past performance does not guarantee future performance.
This is the Achilles' heel of prices. They promise what they cannot deliver.
Price will reach as high as possible, for as long as there is a willing buyer to take the bait.
For capitalism, more is better, at all costs. The ultimate cost will certainly be paid.
The last buyer will be the last NVDA bear who will give-in the mania. And that will mark the end.
Tread lightly, for this is hallowed ground.
-Father Grigori
Nasdaq Composite - Can U see this happening?I can.
See it.
And also Believe it.
These securities are measured in #Fiat
which only becomes worth ... less with each passing year.
Until #Vivek comes into office, of course and backs the dollar with a basket of commoditie!
(maybe that basket may include #BTC)
Inverse head and shoulders has massive linear and log targets
Will be fun to watch this play out.
NasdaQ at top of channel !!Since July is seasonally Bullish so there is a chance of correction before July start as that looks like soon .
NAsdaq right now is at the top of its channel up movement and can go down to 17500 and if its a fall from grace then 17200 is a possible strong support.
July can then push higher towards 18300
Lets see !!
I would be buying at 17500 and 17200 levels
#NASDAQ vs #DJIA has only been lower on the RSI 3 times! I wager #TECH is still the place to earn better gains going forward.
It also doesn't carry the risk of #Financials
and it is not dragged down by slow growth "stable" companies like utilities.
Bleeding edge has always been the place to grow your money
and with #AI manifesting itself for the next wave of user growth along with #CRYPTO
you need exsposure to network effects investments.
Liquidity Crisis may happen, Market TOPPED OUTLiquidity Crisis may happen
most of hedgefund did buying treasury bond and then treasury bond margin loan ,
so they made almost 50x leverage on bond market
times over and over now only t-bill s gonna be recognized as collateral
so t-bill market happend this method
But NFP is too strong, FED didn't do Rate Cut now
So t-bill is bubbled now, we are gonna kill it
and stock market just knew there's plenty of liquidity until today
Only when the tide goes out do you discover who's been swimming naked.
So market topped out
NASDAQ broke supportNASDAQ broke a long term ascending support channel yesterday and its not looking good
The next level of support is 15800 to 15900 levels
There can be a bounce back from that level since overall there are bullish sentiments but breaking down 15800 means we might be looking at 15000 level
Silicon Valley's Lab RatCrypto is an experiment. A new way for illegal payments to be more accessible to the masses.
Decentralization is a fancy way of saying that Bitcoin is digital black money. Black is the color banks are allergic to.
Is Bitcoin strong enough to battle against Banks?
To follow its paradigm, 23 thousand more coins have been opportunistically created. Each one of them attempts to get a piece of the black market pie.
There is no law that forces Bitcoin to be an ever-growing commodity. There is no law that forces it to go to waste. The only law behind it is supply and demand. And if you have been paying attention, we haven't had much supply up here...
If you want this coin to grow further, you must see where the majority of buyers are at. In this case, the buyers are quite lower. Now we are in a zone where the excitement of a Bitcoin ETF is clouding your judgement. If you clear your mind, you will realize that we are in the same story over and over again. An eternal attempt to trap buyers and sellers in the wrong place.
The main chart calculates an extremely simple quantity: How much more expensive is the next contract than the current one? This is one of the ways to calculate bullishness/bearishness in market. Now it is in an all-time high. In similar levels to March of 2021. And boy this is bad news.
Notice a similarity???
Let me explain further...
No words need be spoken. A classic redistribution pattern appears in both cases. And the pattern is eerily similar.
In the end, it is déjà vu.
Further analysis:
Human psychology is independent of instrument or timeframe.
Déjà vu, over and over and over again...
Bitcoin may be Silicon Valley's Lab Rat. Don't be Bitcoin's Lab Rat.
A serious trader must be neither excited nor fearful.
Tread lightly, for this is hallowed ground.
-Father Grigori
NASDAQ CorrectionNASDAQ strong bearish divergence formed
The correction will look like around 500 to 600 points
The next strong support 15500 . It will be a great entry point for buyers
Other analysts are also suggesting a greater correction till 14500 points but I think in an election year this is not going to be that huge correction but no one knows and who actually knows ?
NASDAQ important levelsNASDAQ important levels identified and a projection of movements also can be seen
ABCD harmonic pattern identified which can indicate a bearish pattern
so there are two strong cases of BEAR
Volume divergence
ABCD harmonic pattern
A correction is expected now and can be one of the levels identified as support
Charts believed to influence the coin marketHello traders!
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Please also click “Boost”.
Have a good day.
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(IXIC chart)
Among the charts that are considered to have an impact on the coin market, the most referenced chart is the NASDAQ index chart.
(NAS100USD chart)
However, since the coin market operates 24 hours a day, you usually see the NAS100USD chart, or futures chart, rather than the IXIC chart.
Since NAS100USD has just renewed its new high (ATH), it is not easy to predict its future movements.
(1M charts)
Accordingly, future movements should be predicted through the Fibonacci retracement ratio.
If you think it has an impact on the coin market, the NASDAQ index chart must maintain an upward trend in order to maintain the upward trend of the coin market anyway.
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(DXY chart)
Among the charts that are believed to have an impact on the coin market, there is also the DXY chart.
If DXY maintains an upward trend, it can be interpreted that the investment market is slowly slowing down and is likely to enter a recession.
Accordingly, if it rises above 105.873, it is highly likely that the investment market will enter a recession.
I think it should be maintained below 102.089 for the investment market to become active.
Therefore, if DXY rises, it can be interpreted that the coin market is likely to decline.
Conversely, if DXY falls, it can be interpreted that the coin market is likely to show an upward trend.
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(XAUUSD chart)
I think there are many people who see the XAUUSD chart as having an impact on the coin market.
If XAUUSD maintains an upward trend, it can be interpreted that there is a high possibility that the coin market will also maintain an upward trend.
Conversely, if XAUUSD shows a downward trend, it can be interpreted that there is a high possibility that the coin market will also show a downward trend.
(1M charts)
Since XAUUSD is also updating the new high (ATH), it is necessary to make predictions using the Fibonacci ratio.
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I don't think it's a good idea to predict the trend of BTC through the charts above, but it's better to check them only as a reference because they are likely to have an impact if many people refer to them.
In order to know BTC price changes, that is, trends in the coin market, you must ultimately understand the flow of funds.
This is because it is highly likely that the trend will ultimately be determined by whether funds are flowing into or out of the coin market.
Therefore, the charts that should be considered more important than the charts above (IXIC, NAS100USD, DXY, XAUUSD) are the USDT and USDC charts.
Stablecoins such as USDT and USDC will play the main role in moving funds.
Among them, USDT can be seen as having a great influence on the coin market because it has the largest number of trading pairs supported by exchanges around the world.
Therefore, it can be interpreted that if USDT continues to maintain its upward gap, the coin market is likely to show an upward trend.
When you trade in the coin market, a candle is created on the USDT or USDC chart.
I believe that when funds flow into or out of the coin market, a gap occurs.
It's a good idea to understand these points and look at the charts.
No matter what you refer to, the trend will ultimately be determined by whether you receive support or resistance at the support and resistance points on the chart of the item, coin, or token you are trading.
Therefore, before looking at the charts above, you must have marked support and resistance points on the 1M, 1W, and 1D charts of the chart you wish to trade.
Since we are traders, not analysts, we only need to create a trading strategy and trade using the support and resistance obtained through chart analysis.
Anything more than that will only end up influencing your subjective thoughts and creating trading strategies in the wrong direction.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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