DXY - Over-Bought Zone! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DXY has been overall bullish for a while trading inside the brown rising channel . However, it is currently approaching the upper bound / upper brown trendline, which I consider a non-horizontal resistance and over-bought zone.
Moreover, the zone 113 - 114 is a horizontal resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
Since DXY is sitting inside the purple zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Market
¡Only the begining, stay alert!Hello trader comunity! We are seeing that the markets want to change their trend. More especifically the people thats is behind the computers wants to make gtains after two trimesters in loss. In the other hand, the DXY is fatally crushing after reach the level of 114 and we are seeing lower highs as the index cling to supports. The pair USDJPY after reach the level of 152 gets a reaction from the bears of the pair and then found support in the level of 147 (ema 21). Next week we have de interest rate decision of the Bank of Japan, event that could bring volatily to the pair. But what we must see is how the DXY start the week, anf if it continuos dropping behind 112 ( acting as resistance), we expect a recover from the US500, pairs against the dolar, and the crypto market. This is not a financial advice, good trades and profits!
EURUSD(liquidity proxy)if BO parity, $ falls, gold,equity rallyEURUSD may be used as a liquidity proxy. It has been falling for a long time in a big down channel &
Is now bouncing right at the dotted median line. (4Q is historically bullish going into new year specially on
midterm election years, where markets bottom in late October)
Watch closely if EURUSD will break above parity 1:1 again in a big move. Then most probably that is where
the 4Q rally shall start extending to 1Q2023. I still believe there is still a wave 5 down for the C wave of the big ABC correction from ATH. In 2Q2023, ABC may end in a double bottom near the dotted median or even much lower to the lower channel in case of a recession, which is more probable in Europe than in the US.
After ABC completes sometime before end of recession. Equities will rally to the start of a new EW cycle.
Not trading advice
Bitcoin Bullish or BearishMany people want to trade BTC, claiming that it's headed to 10k or that a relief rally to 30k will come. There is no edge, no implied strength, and even not that much weakness, a trade in either direction with a stop loss will probably get wiped out.
However, if one was to look at the chart there are a few things that are evident:
- Bullish divergence developing after a failed breakdown and bearish divergence that played out in a very weak manner.
- Three consecutive marginal lower lows holding support again implying accumulation and seller exhaustion.
- And lastly the breaking of a downward-sloping trendline that has acted as resistance on 5 different occasions.
During a normal market, I would be longing and would be extremely bullish. However, this is not a normal market and during a bear market, the chances of this playing out are extremely low. The next few days will be to see if the trendline break is key.
Stay posted as I WILL UPDATE AND TAKE A TRADE IN THE NEXT FEW DAYS.
Alt Market Cap Not Looking HealthyAlt Market Cap Not Looking Healthy
The Alt Market cap has recently broken down on market structure and retested key resistance and 200EMA 1hr. Core issue is the consolidation directly below key resistance at 356 which is looking like a dump could be incoming to me to the next supprot level at 342. It could be a little rocky for alts in the short term.
The Crash of 2022Correlations between all sectors of the market have moved increasingly to one throughout the year. The correlations have become even tighter since Jerome Powell's Jackson Hole speech.
Stocks and Bonds continue falling even though they are very oversold. Crashes happen in oversold markets.
Worsening liquidity problems in markets, rising interest rates, and bonds falling in tandem with stocks around the world are likely to ignite a financial crisis.
Money supply growth has stagnated since the beginning of the year. Money supply growth began stagnating early in the year in 1929 as well. The government began tightening spending on New Deal programs in 1936 before the crash happened in 1937.
Earnings contractions YoY in Q3 won't justify the current level of valuations and future earnings expectations. Many analysts are still expecting earnings growth in 2023. These forecasts will have to be adjusted to match reality, which will be another negative hit to investor sentiment.
The economic contraction continues to worsen, with mounting job layoffs being announced, falling capex spending, and worsening sentiment among management teams and investors alike.
The current market setup looks very similar to 1929, 1937, 1987, and 2008. All of which topped between Mid August - Early September before crashes of over -30%. All of these crashes took place over the span of less than 3 months, with the majority of the decline occurring over a period of 2-3 weeks. (I'm referring to length of the crash phase and not to the entirety of the bear market)
IN SUMMARY: The current level of overvaluation, rising interest rates, a worsening recession, and stubbornly high price inflation are a toxic mix. I think the market is in for the largest crash since The Great Depression.
Good Luck to Everyone
- Alexander
BTC Detailed Top-Down Analysis - Day 84Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
84 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Possible S&P500 bottom, and wealth redistributionTechnical:
S&p500 holding critical support (yellow ema), a possible bottom will be 503EMA or circle marked in the chart, if Williams AO does its crossover, prepare for vacation.
Fundamental:
Rate hikes are the least of the worries, everything seems bearish. The only hints of hope are the US unemployment rate below 4% (somehow low), and the Ukraine war. NATO and US were in decadence before it and Putin fell in their trap invading an useless country geopolitically speaking. Us is redefining it's status quo by making another war, but this time they're not fighting it directly, will be that cheaper or expensive?
Opinion:
Every TV clown educator has been posting their bearish bias and i won't be the exception, everybody is right when markets are trending (bullish or bearish), the only thing they don't know it's where the bottom (or top) is, they will keep selling useless trading signals, but the thing is there won't be business anymore, the golden era of scamming people is over, at least for now and for the next years, even brokers (market makers) are facing financial issues and we'll see bankruptcy so it would be a great idea cashing out your assets if you don't want to lose it all. It will be a great depression tier freefall, a chud's and a poljack wet dream. But it won't be like that neither. The water they're storing will end mouldy, the ammo dusty they will use just one bullet ;) and the shinny rocks seized or buried somewhere in the dirt. An anarchist dystopia is unrealistic in a country like the US or any west one, worse things happens in third world countries on a daily basis and even so, people manage it to live their lives almost on a normal way but they're too dumb to realize, they are so used to their consumist way of living they think the world ends when they won't find their favorite snacks on a Wal-Mart or any supermarket. Will be a hard time for US citizens, but what's surprising me is how people are realizing now we are in a recession we were already years ago, the signals were pretty obvious: inflation, expensive housing, lots of homeless in top tier cities, r****ds and illiterate people making millions (WSB, Crypto, meme stocks). Will be a healthy recession and a healthy wealth redistribution to the smart hands.
Dogecoin WOW TODAYThe current dogecoin price analysis is bearish.
At $0.0652, there is the most resistance.
The price of $0.0588 has the most robust support.
Dogecoin price data for October 11, 2022, reveals that the joke cryptocurrency has been moving steadily over the previous 48 hours. On October 10, 2022, the price jumped from $0.0581 to $0.0606. Today, Dogecoin saw a negative movement and a substantial price drop. The coin is now rising and is trading at $0.0594 as of this writing.
Dogecoin is presently ranked #10 with a 24-hour loss of 1.98%, a trading volume of $302,586,207, and a live market cap of $7,962,066,968. The cryptocurrency, however, has the possibility for a turnaround as the most recent price study shows the cost of DOGE is BULLISH
Dogecoin price analysis reveals the cryptocurrency following a constant movement, showing potential towards either extreme. However, the market shows colossal potential for a reversal in the coming days. If the bulls manage to use it to their advantage, they might engulf the market and help raise the price of Dogecoin beyond expectations.
Disclaimer. The information provided is not trading advice. I hold no liability for any investments made based on the information provided on this page. I strongly recommend independent research and consultation with a qualified professional before making investment decisions.
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Market almost 60% share shows SELL signal be ready in some day we will seen one of the most dramatically fall in the stock market place sl on your position of hedge with future and option if your share in cash than buy index put of next week expiry or monthly expiry we will seen intraday 3 or 4% fall in nifty of banknifty i check stocks chart position that i can't get on nifty and banknifty but according to stock position all show big fall //// that is my personal view may be i am wrong but i take safe path. happy investment and safe trading.