BTC $38-$40k low before macro upsideSorry to break it to y'all, but the BTC chop isn't finished yet. I expect a drop to around the $40ks which coincides with the Nov 22 low from a momentum perspective, unlocking another 10 months of upside like we previously experienced.
CAPITALCOM:US500 is the main cause of this, which will cause another capitulation event before assets break correlation and boom. Timeframe can be forecasted using the resistance fan lines. I am a MAXI so trust the analysis, I want $300k+ just as much as you all do. Kappa.
Macro
SPX Bulls - Give up already ;) Do you need more Fibonacci or is this Fibonacci enough to let you bulls understand, you are trying to win a losing game (hhhhhh). I will accept defeat once the final Fibonacci speed resistance fan line has been beaten, but even then, I will be looking out for a double top.
In my opinion, this traffic zone is a desperate attempt of a trend continuation, however, there is no reason for this trend to continue currently. I think a test of the Jan 2022 highs will be enough to consider a macro reversal towards 7000, however, until then. Go to bed bulls - kappa? xD
DJI Weekly Rising Narrowing WedgeDow Jones Industrial Average has not shown many signs of slowing in its growth.
Here is a bearish biased shape playing out on the weekly chart in the form of a rising narrowing wedge.
Strictly PA, strictly structure. Keep an eye on this.
Looking for a Macro correction to reach to the .236 or the .382 on a corrective movement.
This is a follow up to a macro long idea on the DJI posted back in March 25th 2023.
NFA
Do your own DD
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Will the Dovish Tone from Shinichi Uchida Help Calm the Market?Macro theme:
- The BoJ's 0.25% rate hike last Wednesday, the highest in 15 years, sparked a global stock rout. The surge in the low-yielding yen, widely used for acquiring high-yielding assets like stocks, led investors to unwind their positions in currency carry trades.
- Global equity markets rebounded after BoJ Deputy Governor Shinichi Uchida stated that the central bank would not raise interest rates during financial instability. This assurance pushed the yen lower and boosted market sentiment.
- It is crucial to remember that panic sell-offs are often short-lived. Historically, markets have rebounded as new funding sources emerged. Currently, significant funds are parked in banks as cash or treasury bills, poised to invest in high-quality assets affected by the global panic.
Technical theme:
- USTEC recovered from its key support around 17300 and bounced back to close near its resistance at 18440. The index broke its ascending channel and closed well below both EMAs, indicating a potential mean reversal.
- If USTEC closes above 18440, the index may retrace further to retest both EMAs and the broken ascending channel before resuming downward movement.
On the contrary, if USTEC cannot close above 18440, the index may retest support around the 17000-17300 area.
2 Year yields are weakeningWhich often signals a incoming recession.
The market leads the #FED who always raise and lower rates too late.
We have #Unemployment starting to tick up
Tight financial conditions, delinquencies on the rise.
So make hay over the next few months in memestocks, coins, bitcoin, alts, NVDA and so on.
But don't be left holding the hot potato when the music stops playings.
#Macro
#Meltup
#NVDA
#Nasdaq
#Stocks
#Bitcoin
#Altcoins
#Ethereum
#Pulsechain
TOLL Brothers #TOL new high vs US single family home priceHomemakers are making money over fist.
Does this confirm that the housing bull market will continue.
It seems like it doesn't it
This ratio highlights the housing bottom in the 90's
this Ratio also topped out in 2005 before the housing bubble popped
#Roaring20's
$GBINTRS - BoE's Snowball - The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose
at their recent monetary policy committee meeting.
The bank made the shock decision to raise borrowing costs a half percentage point,
taking the official rate to 5% ;
double the size of the increase anticipated by most economists.
BoE hiking interest rates to 5% ,
it adds further strain to millions of homeowners across the country.
The Central Bank Rates was upped by 0.5% from 4.5% previously
and remains at it's Highest Level since 2008 Financial Crisis.
Will BoJ support Yen with a rate hike today?Macro theme:
- On Wednesday, the BoJ announced an interest rate increase and a bond tapering plan, reflecting confidence in the domestic economy's recovery and concern over the weakened yen.
- The BOJ raised the uncollateralized overnight call rate to 0.25%, marking the second rate rise this year after the Mar 19 increase, which ended negative interest rates, equity purchases, and yield curve controls.
Technical theme:
- USDJPY shifted its structure downward after breaking its support at 151.90. The price is trading below both EMAs, which is about to have a dead-cross signal, indicating that bearish momentum persists.
- If USDJPY cannot sustain above 151.90, it may extend its loss to 150.80 and 146.50.
- On the contrary, if USDJPY finds support at 151.90, the price may perform range trading within 151.90-155.80 till an apparent breakout occurs.
Industrial Production, and how it can help us time larger cyclesIn this video I use Industrial Production, and more specifically, its Rate Of Change to show how we can approximate Booms and Busts in the "Business Cycle".
I also go over previous cycles, and what to look for in our current cycle.
As always, good luck, have fun, and practice solid risk management.
Will the Disinflation Trend Reinforce DXY Downward Momentum?Macro theme:
- The highlight of the past week was inflation data. US Jun headline CPI slowed to 3% YoY (vs. 3.1% expected, 3.3% previous), and core
CPI was 3.3% YoY (vs. 3.4% expected and previous).
- The core service component has been declining, and rental prices may continue to fall due to delayed contract renewals.
With this inflation trend, markets expect the Fed to make its first rate cut in Sep and another this year.
- The dollar is likely to weaken, depending on the pace of monetary easing by other countries. If all major economies cut rates simultaneously, currency pairs may remain stable.
Technical:
- From a technical perspective, DXY broke its ascending channel and closed below both EMAs, shifting to bearish momentum. The index is right above its key support at 104.00.
- If DXY extends its decline below 104.00, it may aim for a nearby support area around 102.75-103.00.
- On the contrary, if 104.00 can hold the index above for a while, DXY may correct up to 104.90 before resuming its downward movement.
$DXY -Decisive Move Around the Corner !!! Dollar Index TVC:DXY on the cusp of making a major move TA speaking ;
(100.8 or 110)
- To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh).
- Either falling off a cliff headed in to re-visiting Range Bottom of 100.82 (Swing/Positioning)
Fundamentally speaking ;
Would be a great move to the Upside for TVC:DXY Fundamentally speaking,
resulting so on SHORTING anti-correlated assets, such as EUR/USD and other FX pairs.
Must be time for TVC:DXY to strengthen even more, makes sense ,,
otherwise Recession is just ahead !
On headlines ,
CPI ECONOMICS:USIRYY is coming lower,
with economists awaiting Fed Cuts ECONOMICS:USINTR cuts by end year.
However, worth mentioning is that wealth hedges such as TVC:GOLD continues to be stocked up in piles of tonnes from China ECONOMICS:CNGRES and not only;
China's Wealthy Class is also in the process of purchasing pure physical Gold
*** NOTE
This is not Financial Advice !
Please do your own research with your own diligence and
consult your own Financial Advisor
before partaking on any trading activity
with your hard earned money based solely on this Idea.
Ideas being released are published for my own trading speculation and
journaling needed to be clear on different asset classes price action.
Macro Bitcoin ThesisThis will not be appreciated and who knows if it's right but here's my last macro prediction for the distribution of risk assets.
Curtesy of x/ki_young_ju we have what looks like to be miner selling beginning. ETF inflows are still increasing, though.
x.com
We have what looks like Bitfinex exiting stage left.
Easy to see when exchanges deviate from the Bitcoin average price we get tops.
Bitcoin Dominance is topping as well. This will be the best time to predict where you are selling your altcoins as they are already popping off, and have much more room to grow from here while Bitcoin stalls.
My idea for the flows of liquidity will be US firms will still want exposure to their Bitcoin through the ETFs but the rest of the world hasn't had the regulatory hurdles the US had, so they will be selling their Bitcoin to the US at top tier prices, causing a top, in my opinion.
The price discovery periods for Bitcoin, although higher in price, will average less in magnitude.
uranium bull run in placeURA ETF is close to second level breakout
daily chart shows a breakout already.
monthly chart is at resistance but can move higher
in the next month. Cup and handle pattern
has formed on the monthly chart.
Electric cars will need to be charged and BYD is
going to overtake Toyota and Volkswagon in the next
decade.
While the empire was busy occupying,
China was quietly working to build its economy.
Now the world can have cheap electric cars which need
to be charged.
Endeavour EXK Macro Short ideaQuite the long-shot macro idea here.
Looks like a H&S; is forming - if so, short from the right shoulder, DCA'ing into the position.
Exit near the bottom of the triangle.
After the price breaks out from the triangle, there could be fireworks to the upside, after a test and retrace.
This is entertainment for me, this is not a serious post. DYOR.
Roaring 20's #FTSE100 to meaningfully outperform UK HOUSINGA BOLD prediction --- possibly to some people
But I stand by this chart as a roadmap where I see #UK equities outperforming
against the cash cow that has been UK #Housing
The how's and what's and why's are unimportant
But the key thing is for younger people struggling to get into UK housing
Investing in #Stocks #Technology Innovation #AI and #crypto
will reap HUGE dividends these next few years
I have talked about the roaring 20's echo mania bubble before
but as we see stocks indicies around the world breaking it only confirms my thesis!
BTC - Roadmap to 82k 🗺Hello TradingView Family / Fellow Traders,
📦 Post-halving , BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
📈 For the bulls to take full control again , and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed.
📉 In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the $52,000 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Litecoin: Macro Cup with Handle with a Bullish Target of $9,493Here is yet another Bullish Chart of LTC this time i'd like to point focus on a huge Cup with Handle i just discovered while looking on the higher timeframes. We haven't broken out of the handle yet but if we do out next target based off the measured move should take us to $9,493
Macro Negative Correlation with BitcoinThe US Dollar Index TVC:DXY is negatively correlated with the macro Bitcoin BNC:BLX chart.
Indicators like the Correlation Coefficient indicator will display swings from negative to positive correlation between TVC:DXY and $INDEX:BTCUSD. This can lead to a belief that they are not in fact negatively correlated.
But, when you zoom out to a macro view of Bitcoin and compare, the dollar index's peaks correspond with Bitcoin's lows, while Bitcoin's peaks correspond with DXY's lows.
At times, these corresponding peaks and valleys have occurred near the same dates and times, while at other times DXY has acted as a leading indicator for future movement for Bitcoin.
Where will we go next?
if DXY returns to its previous high and breaks it, I suspect Bitcoin will move lower
on the other hand, should DXY move further down or get stuck within a range, it's likely that Bitcoin will move higher
What do you think?
MACRO BTCUSD - The Wonder Years
Looking at Timeframes of Prev Market Cycles we seem to following the old adage "Fred Savage" ,
You may have thought I was going to say something about History Repeating itself based on the almost mirror image of Market Cycles, but When I said "Savage" , I'm starting to hear the screams and see the carnage.
I've been trying to figure out why upon that weekly closing bullish candle we are unable to set a higher high, which is still in play, however, I like to really Zoom out and approach the market as a whole.
I'm currently scratching my head and starting to wonder if we've already been to the top of the Mountain. Only a thought, an open thought, Without conclusions.
Let me know what you think in the comments
INDEX:BTCUSD
BITSTAMP:BTCUSD
Market update FX, SPX, Crypto 8th of AprilHello hello everyone,
Long time no see. Its been a while since i've been doing updates but its good to be back again.
We have some very interesting plays that we are ready for. Let's start with a few
1. #EURUSD - been in a very long range on the daily and what really caught my eye is the formation of a potential quasimodo pattern and a breakout to the upside. From a seasonality point of view April is a weak month for the #USD and it can be already spotted in the chart and my bet is of a weak CPI on Wednesday.
2. #GBPUSD - same as EURUSD but it looks a bit more bullish and explosive
3.#AUDUSD - broke a multi year trendline and now i think it is ready to send aggressive on the top side. We might get very quick to the 2023 high
4.#USDJPY - this one looks like a banger of a trade and i am ready to pull out the big guns for a whooping 40-48R trade yes, you read that correctly and probably retire if it goes my way :))
5. #SPX - bullish until fed starts to cut
6. #BTC & Crypto - good spot to be in general. It was very much fun to trade this period crypto, more than it was in FX but i think FX will get back to fun very soon.
Now its a game of chess and who cuts faster. But in my humble opinion i think once the Fed start to cut. Its gonna be game over for the dollar