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SPY Daily chartThe SPY laid out a nasty trap the past couple of weeks. After screaming up on a bear market rally the SPY made a huge gap up. If you take a look at the past months you'll see that most of the reversals after a bull run started with very similar gap. This gap lead me to go short a bit early. I got burned a bit but managed risk the best I could. As you can see the SPY gapped down Friday and closed near lows. This leads me to believe that the run may be coming to an end soon. There is no certainty but with the VIX closing red 10 straight weeks under some pretty tough financial conditions worldwide + lack of volume to support this rally. I think its logical that we may see some downside in the market in the near future.
AMEX:SPYShort
by EZmoney24
ETH TO THE MOON BY OCTOBERHello guys, this is an analysis of short-term and long-term... ETH has broken the resistance of 1280 recently, but it doesn't mean a bull run is coming, so you shouldn't worry about losing the opportunity of buying ETH, there's a GAP between 1300-1700 that should be filled and ETH goes back to the actual price, and the target will be below 1000$... whenever ETH reaches above 2000$ again and stays there, it indicates a bull run and a new ATH will be patterned... the current closest target is 1500... Entry: 1305 TP: 1500$ SL: 1265$ Leverage: 1-5x Follow me for more ideas...
Long
by rawayoussef0
GBPUSD KEY LEVEL BOUNCE OR BREAK?Pair: GBPUSD Timeframe: 1W, 4H Analysis: Round number level, trend line, volume profile, support and resistance ————— Key Takeaway: Just hit very significant and long term support and trend line with a double bottom on 4H, GBP is significantly week right now so we are looking for either a break or bounce ————— Level needed: need a close by 1.18050(bullish) or 1.17690(bearish) ————— Trade: Neutral RISK:REWARD — SL: — TP: — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
2
CADCHF PENNANT BREAK CONTINUATION?Pair: CADCHF Timeframe: 1H, 4H, 1D Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, trend channel ————— Key Takeaway: Stuck very well to downward trend channel so we are looking to sell when price breaks pennant and high volume level ————— Level needed: need a close by 0.73730 ————— Trade: Short RISK:REWARD 1:5 SL: 15 TP: 80 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
2
BITCOIN - Green vs Blue! Who Will Win?Many of you asked me to analyze BTC "log" monthly chart, so here we go :D From a long-term perspective, BTC is overall bullish trading inside our two (green and blue) channels. We are in a correction phase, but the question is, till when / where? 📌 We have got two main key rejection zones: 1- Blue Team * Blue Trendline acting as a non-horizontal support ** Blue 50 Moving Average 2- Green Team * Green Trendline acting as a non-horizontal support ** Green horizontal support 📌 I also highlighted two more confluences that might help us feel the chart even more: 1- Previous corrections lining up with the Green Team 2- Fast MACD, that would show us the shift in momentum as it happens like the previous correction / orange arc. Will the Blue Team be strong enough to push BTC from here? Or will BTC defeat the Blue Team to finally find rejection around the Green Team? Of course, we will need to zoom in to lower timeframes and wait for the bulls to take over by breaking above the last Weekly/Daily major high. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSDLong
by TheSignalyst
17
Market Makers Dump APPLE 8/19The current price on Apple is 174 at the close. Market makers have been using apple as a way to pump the market before the greatest crash since 2008. Based on volume and open interest of 145c and 175c calls, market makers have created thousand of spreads. VRVP indicates a midline of 150 so a 145c call would be minimally influenced by theta burn from a quick drop in the market. So what did the market makers do, they purchase 145c calls as "equity" to their spread, PUMPING the price up over time, weeks and weeks at a time, and now selling 175c calls into the market, directly to blind retail traders. What's going to happen if they all sell their 145c calls, that's HUGE equity being liquidated, support levels disappearing and a correction will be necessary to fill the gap. With calls being at 175, and Apple closing at 174 while testing 175, they maximize their profit on 175c calls because these positions on at the flipping point between being in the money and out of the money, gaining the extrinsic value of momentum for a potential leap above 175, on top of the intrinsic value of being above the breakeven price level. I expect a HUGE short in pre or today's aftermarket. Because 175c calls will be destroyed, DESTROYED, if apple opens at 173 or less. and what will happen, these 100,000 calls sold into the market are going to realize how saturated they are and when one starts selling next thing you know the calls are worthless and this will cause mass selling. I truly believe D Day is tomorrow, with these options expiring, market makers will literally just EXERCISE their 145c options and sell them all into the market, in American markets you can exercise calls at any time, especially in pre-market. Truly fascinating that market makers are allowed to make this, but I guess it's how the cycle sustains itself, destroying the middle and lower class that invest their savings because then they need to work forever as slaves for the people at the top, truly fascinating.
NASDAQ:AAPLShort
by kibakilla33
3
XRP BREAKOUT TO THE BEARS!The price has officially broken out the consolidation range to the bears. The target point for a reversal is still at at $0.28 however there is a few levels of support before the price reaches this point, these support levels were sourced from the fib retracement of the current wedge formation. The price has bounced off the golden ratio, (62.8% fib) so the price should sit around this area for a bit before breaking lower, ($0.334-$0.330). The RSI is also pushing oversold on the 4 hour chart. This is a good indicator as a recovery is in sights. It can be argued that the reason for the price dump along the whole crypto space is based on the current talks about a interest rate hike by the FED which on top of the previous hike, results in a sell off of traditional stocks and assets as we have seen today. Feel free to comment your opinion on the matter.
BITFINEX:XRPUSDShort
by Crisp_Flow
Dragonchain £16.5 MillionThe U.S. Protections and Exchange Commission has squeezed charges against Dragonchain for supposedly bringing over £16 million up in a contribution of unregistered "crypto resource" protections — a gigantic sign the controller is extending its campaign against the digital money space. SEC Files Suit Against Dragonchain The SEC has hit Dragonchain with lawful activity. The protections guard dog on Tuesday recorded an objection against Dragonchain organizer and CEO John Joseph Roets for neglecting to enroll £16.5 million in crypto resource protections offering. The SEC is likewise suing three business elements related with Roers and Dragonchain: Dragonchain Foundation, Dragonchain Inc., and The Dragon Company. The protest, documented in the U.S. Area Court for the Western District of Washington, asserts that the litigants got £14 million from the offer of Dragon tokens (DRGN) in an underlying coin offering (ICO) advertised to around 5,000 financial backers across the globe in 2017. An ICO is a financing model utilized by blockchain new businesses to quickly raise capital. The organization welcomes financial backers to buy its recently made token or money through a limited presale before it is delivered to the public.Twisting the blade, the SEC likewise guarantees that every one of the three elements and the pioneer sold an extra £2.5 million worth of DRGNs to cover business consumptions and market Dragonchain innovation in the period somewhere in the range of 2019 and 2022. Dragonchain was created by the Walt Disney Company in 2014. The convention became open source and was delivered to people in general in 2016. Dragonchain, which promotes itself as a cross breed blockchain framework for "tackling business issues at an endeavor scale", has not been in standard cryptographic money news much in the midst of other sprouting projects. The SEC is looking for long-lasting orders, common financial punishments, and vomiting of the returns. Roets Says He Has A 'Exceptionally Strong Case" Against SEC Charges The Dragonchain boss designer is freely getting down on sketchy conduct by the SEC. Roets, who had recently been educated by the SEC regarding the test, tended to the charges prudently in a letter from May posted on Tuesday. He vowed to give an exact contention to demonstrate that the U.S. top monetary cop shouldn't record charges against the named respondents for infringement of protections regulations. "The SEC is singling out tasks to target, frequently singling out the ones with the greatest chance to upset occupant interests, while giving a free pass to other people," Roets declared. "The commission is attempting to shoehorn programming innovation into inconsistent protections regulation from the 1930s. This raises doubt about whether the Commission comprehends the innovation enough to manage it really." Roets accepts he has a "exceptionally impressive case". Whether Seattle-based Dragonchain chooses to mount a brutal lawful guard against the SEC (like Ripple) instead of settling is not yet clear. The SEC has for a really long time neglected to direct the security status of numerous digital currencies while constantly contending that crypto resources ought to be brought under the domain of protections guidelines. The organization has rather picked a "guideline by requirement" move toward that has gotten under the skin of numerous crypto lovers. Last month, the SEC broadcasted that nine of the digital forms of money recorded by Coinbase were to be sure protections. The office is additionally investigating whether the crypto trade allows Americans to exchange such tokens that ought to have been enrolled as protections.
DLong
by DEinvestment
Could I have cracked a code! US30, DJIA, Dow JonesIf we start at (1) Jan 5th All time high and move 51 days down to a new low to Feb. 24th 2022 that would be the 1st leg down. Then take (2) Feb. 24 2022 up 57 days to April 21st 2022 that would be a new lower high. Then April 21st 2022 58 days down to a new lower low to (3)June 17th a new lower low, and finally back up to (4) 60 days up to 8/16/2022. If this is the peak of the (4th) part of the wave, we could see a down turn from here to the 5th and final leg down to the Dow being approx. 26,811 in 60 days OCT 17th 2022.Then a possible bounce back up from this market correction.
UShort
by bobbyguerrero213
GOLD ! The potential is exhausted. Price in consolidation💤Gold. The price has exhausted its potential after breaking through the resistance of the descending channel. There were attempts to break through the local zones 1795, 1800, 1809, but these attempts failed. The price moves into a flat phase - the phase of accumulation. The range boundaries may be defined as follows: resistance at the level of 1809 and support at 1765. Now correction to the support area of the range and liquidity 1765 is forming. I think it is necessary to watch this place (1765.7 zone) I assume that the price can test the support and then push back and continue its growth. We are not talking about breakdown of resistance now, we are talking about trading inside the range. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
15
NDAQHi all, Due to the optimistic momentum during the CPI statistics, the NDAQ is looking strong. Usually, 0.702 Fib. is quite important. and can provide adequate resistance at this level. At this point, crypto bear market rallies typically come to an end. ADX&DI show some momentum increasing. (Yellow line rising) Possbile to see an inverese head and shoulder forming next? 11% is not a much left until ATH. More charts need to be examined for a detailed analysis. Next is DXY, which displays the USD's strength.
NASDAQ:NDAQ
by cryptoforevery1
Will Market Crash: Another look at SPYYou will find my point of view of SPY using TTM_Squeeze indicator. The TTM Squeeze indicator looks at the relationship between Bollinger Bands and Keltner Channels to help identify consolidations. The black dots along the horizontal axis indicate that the stock is “squeezing”. It then starts to build up energy to shift to a trending market. As you may see the Monthly chart of SPY is "squeezing". At one point this squeeze will fire a momentum to an upside or downside which can be determined using other indicators, in this case I am using MACD. Although there is no MACD crossover yet, but the lines and the histogram indicating an upwards trend. The weekly has an obvious bullish MACD crossover and no signs of curling down. The TTM_Squeeze histogram bars are yellow, short length and is about to go positive. The multiyear trendline shows a trend breakout. According to these inputs: 1. A new trend which being established 2. I would not expect a crash 3. The multiyear trendline is the new support and I expect SPY to test back real soon which won't be below $408-$415 then another push to $4400s and more 4. The next 4-8 weeks will be kind of flat 5. I would be very careful going short for a long term 6. The bottom was in. Can these change? Of course, but would be the reason to change? Two things: 1. FED : Fed may go crazy and beyond expectations on increasing the interest rates which will crash the market. No one wants this option. FED may accept this inflation as the new normal and continues increasing the rates by .5 or 0.75 for sometime which will make the market more bullish 2. China-Taiwan-Russia crises: Nothing can be done but Neither China nor US can afford a crisis during this economical structure On daily SPY is almost at the 200 sma and there is a strong resistance at $430. What do I expect: SPY backtests the trendline and continues to new ATH's after a consolidation. I do not advice anyone to be long or short on indexes. Individuals stock have better setups.
AMEX:SPY
by aaronrtan