The worst case scenario for Ethereum!I'm gonna make it real simple. Inverted head and shoulders is the pattern in lower time frame, therefore the price can start going up from here, breaks 4k and there will be the ult season an all that and the price can go up to 5.5K.
But
If Ethereum loses the 3K support and fails to hold 2.8K we are doomed BUT you will get the chance to buy ethereum at 1K again but then imo the price will bounce back tries to break the 4K resistance and if it does then even 6-7K will be possible.
if the worst case scenario happens alt coins won't drop that hard but many of them can form a double bottom pattern. So you might want to wait before buying and you might want to get yo $$$ ready to buy the dip.
Marketcrash
Nifty Weekend Update...alert!!!!Hey guys, currently nifty this week fall more then 4%, due to holidays FII are selling highly.
If you see the chart you can see nifty currently just above of 50WMA after huge selling pressure it still above the 50WMA, if this will break next week onwards we will enter a bear market for short term period, so in my opinion this is now a crucial moment so keep cash in hand for buying in the dip.
Another scenario if nifty will bounce break from this level or first breaking 50wma then trap all bears and then bounce back above 50WMA that will also good for nifty to continue its trend to 30K.
Total Market Cap 2 and Total 3 + USDT.D Market WarningsIn this video, I briefly review the USDT.T bear market signals I covered in a recent video below.
But also noticing that Total 2, Total 3 and also the OTHERS are either hitting or very close to hitting their all time highs from the prior market cycle in 2021, which was the start of the Bear.
I do think we see more profit taking Monday afternoon into Tuesday through Thursday which is projected Dec 5th market cycle low from a cycles perspective.
Notice how the alts have been flying the last few days, and this weekend -- setting us up for major profit taking tomorrow and to fool all the new crypt tourists into buying the highs.
Protection capital here IMO and wait to buy back lower.
Let me know your thoughts, and please like the video if you found value.
- Brett
PS> My other Bear Market indicator fired today when I went out for Italian at my favorite local restuarant (sneaking in right at closing time as usual b/c I work 14 hour days)... and the bus-boy saw my Bitcoin hat -- and starting giving me crypto tips!
This is like the 'Taxi Cab' indicator of 1999, when the cabbie started giving me stock recommendations ... I had a feeling the top was in!
The U.S. Markets are likely to have one last push before....The U.S. markets have been inflated to the point of near exhaustion, propped up by nothing more than a money printer that goes brrr... brrrr... brrrrrrrrrrr. However, this seemingly never-ending run is coming to an end.
Trump will most likely be elected president again. His first term (45) and his second term (47) will likely mark the greatest market crash of all time—the end of the everything bubble! 4 + 5 = 9; 4 + 7 = 11; 9 + 11 = 20. They will likely prop the market up until his administration takes power, then...
Shorting these markets will be the opportunity of a lifetime!
Good luck, and always use a stop loss!
$USINTR / US Federal Reserve Interest Rate 2024-2025US Federal Reserve Interest Rate 2024-2025
And here’s the chart of the interest rate. ECONOMICS:USINTR
I’ll just take a wild guess! Don’t judge me too harshly, but they might keep the rate steady, with a potential cut closer to the elections.
Logically, though, it would make more sense to cut it now, so the masses think there’s no recession coming and that the “Democrats” are saving the world like Chip and Dale.
But people seem to forget that it’s the Democrats who’ve hiked the rate from 0.25% to 5.5% over the past four years, putting the economy in its worst shape in the last 15 years. Getting excited about these 0.25-0.5 point cuts is, at the very least, naive.
So, at the November meeting, most likely just before the elections, we might see a “boost”—a rate cut of 0.5, or even a whole point (wishful thinking). This could lead to another spike in Bitcoin’s price.
These thoughts lead me to believe that the Democrats (Kamala Harris) will win, followed by one more meeting in December, where they might hold or lower the rate again with the new U.S. president in place.
And by late January 2025, the world might plunge into chaos, oops—I mean the rates will start climbing again. The next cut might not come until 2026.
That’s why I’d expect the recession we’ve been hearing about for over two and a half years to finally kick in.
Just my two cents!
BTC FINISHING its 2024 BULL RUN / 2025 CRASH🔍 BTC/USDT Analysis: Weekly Timeframe 📉
The BTC/USDT chart on a weekly timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view.
• September 2, 2024 - Green Line: This date marks a potential local low, providing favorable conditions for accumulating BTC or entering long positions.
• January 13, 2025 - Red Line: This date signals a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn.
When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering even higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
WAITING FOR A BIG CRASH
SNP500 / SPX🔍 SPX/USDT Analysis: Daily Timeframe 📉
SELL IT!
The SPX chart on a daily timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view.
• September 3, 2024 - Red Line: This date marks a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• December 6, 2024 - Red Line: This date is another potential local peak, signaling a possible moment to exit positions before a downturn.
When working with this daily timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
Tesla’s 32% Plunge: A Critical Analysis and What’s Ahead (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price started a significant decline from the $270 level, just as we anticipated, dropping by over 32% down to $180. At the time of this analysis, no one expected such a steep decline in Tesla's stock, as most were predicting a rise above $300 or even $400. However, the price disregarded the majority’s opinion and followed its own course, resulting in this sharp drop. Currently, the price is around $216, and I expect an initial rise to $233. After that, we'll need to watch how the price reacts to this critical supply zone. This analysis will be updated accordingly.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
The Main Analysis :
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
What a day on the markets!
Yesterday we said we would want to see price push up into the higher resistance levels for the long trades and if we got a RIP there an opportunity to short would be available to traders. What an opportunity that was! We update trades during the London sessions stating that there was no clear sign of the move stopping or a reversal in play, and for that reason to hold runners until we find support to long. We had the 2360 level in mind, and once attacked said if it didn't break the bounce should take us back up into the 2390-95 region initially.
Now we have that flip again making the 2420 price point the resistance to be attempted and broken in order to complete and correct the move back upside to create a new ATH. Our issue here as mentioned earlier is that price is looking like it will want to retest that low, so if you're in long it might be an idea to protect and take partials. Levels are to be tested with a risk model in place, if you're uncomfortable and less experienced, let the chop end before entering these markets.
If we do struggle above, they will want to clear the BE traders before then attempting to move it again, which will now likely be tomorrow. So, resistance 2320 key level, needs to hold to then retest. If we can break above, bar the extreme stretch, we should get the move we wanted.
As always, trade safe.
KOG
FTSE 100 just broke below May's lows - Big crash on the way?M Formation has been fomring on the FTSE 100 since May 2024.
We then had a major breakout just yesterday with the price going below 20MA.
The downtrend line (red) is in check and we can expect further downside to come.
Target will be around 7,591
UVXY crosses over mean anchored VWAP LONGUVXY which leverages the VIX as a measure of volatility / greed/ fear has finally crossed
over the mean anchored VWAP. This is a sign of bullish momentum and perhaps a signal that
traders should hedge or consider their positions in terms of hard risk management. Those
who traded this move up today made 10% or better in the trade. Those who bought call options
expiring tomorrow made 10X and those with call options for next Friday made 5X overnight.
Tomorrow is another day. Likely the market will rise from the correction and UXVY will fade
a bit. No matter, its value for insurance and hedging is reinforced on days like the past day.
I am maintaining a full position aside the call options closed at the afternoon bell which
expire on Friday and had time decay to contend with. My first target is 7.75 then comes
8.05 and 8.45. I will take off 20% at each target and keep the others for insurance for
a true market crash or black swan event to buffer losses while stops get hit.
Coinbase's Market Outlook: A Simple OverviewSince Coinbase went public in April 2021, its stock price has taken quite a tumble. Looking at the weekly chart, we're in the middle of a downward trend, marked by a 5-wave cycle that's not looking too cheerful.
To shake off this gloomy forecast, the stock needs to climb above the peak of Wave (1), which is at $208. If it can't make that climb, there's a good chance it might revisit its lowest point ever at $31.55. There's a bit of a funny situation with the 50% extension target shown on the chart—it points to $-10, which obviously can't happen. 😅
Realistically, we're expecting the price might settle somewhere between $35 and $30, with a double bottom pattern seeming like the most likely scenario.
We'll keep an eye on things and see how it unfolds.
S&P 500 2024-2025 OutlookSP:SPX is not going to crash in the Q1 or Q2 2024. I have measured that we will continue the rally atleast until the resistance zone around 5200-5800.
I used fibonacci retracement to determine the rally target and the pullback target. If we topped at 5200-5800, we will most likely drop to the support area around 3500-3200. I highlighted some area in the RSI graph, if we reached that area we most likely will have a pullback. Another case is if we still continue the rally up until 7000-8000, an economic bubble perhaps, the crash would be more deadly.
Overall i think 2024 will be good for people to make money and prepare for a major crash. Stocks & crypto will be making new all time highs, the first two quartals should be fine for us. Fourth quartal will be the most decisive because of US election, could turn very good or very bad. My advice is to also follow all the latest news about geopolitical tension, we might have a world war 3 or at least a major war that will play a very big factor on the economy in general.
Prepare.
What happens when Crypto Chessboard flips?In-depth analysis considers various factors:
Despite the approaching Bitcoin halving.
We consider the following:
Acknowledging the historical price surge before the Bitcoin ETF launch, making it resistant to substantial capital investments.
Recognising the lack of momentum post-ETF launch and the struggle to breach the upper resistance around 51-52k.
Taking into account the challenging global economic situation, particularly in the United States.
Highlighting the potential impact of a Black Swan Event, investigating the consequences of a fictitious ETF post.
Addressing uncertainties following CZ's departure from Binance as CEO, posing another potential Black Swan event that could push prices below the Wyckoff distribution phase boundary at 24-22k.
Speculating a third logical move by corporate traders to increase market liquidity, creating a massive bull trap to attract influencers and optimists anticipating a significant Bitcoin ETF-driven price surge, leading to widespread doubt in Bitcoin and a gradual decline to the Wyckoff lower support.
Related Financial News:
- Bitcoin's halving event draws attention from traders, with speculation on its potential impact.
- Historical price patterns show resistance before major events like ETF launches, impacting capital flow.
- Global economic uncertainties, especially in the U.S., contribute to the overall market sentiment.
- Increased scrutiny on potential Black Swan events, emphasizing the need for risk assessment.
- Binance's CEO change introduces an element of uncertainty, potentially affecting market dynamics.
- Corporate traders strategizing for liquidity boosts, creating opportunities for market manipulation.
- Influencers and optimists fuel expectations of a Bitcoin ETF-driven surge, but skepticism prevails due to historical patterns and external uncertainties.
NDX Nasdaq100 Fell 8.60% After the Last U.S. Credit Downgradeitch Ratings downgraded the US debt rating on Tuesday, moving it from the highest AAA rating to AA+, citing concerns about "a steady deterioration in standards of governance."
This downgrade happened following last-minute negotiations among lawmakers to reach a debt ceiling deal earlier this year, raising the risk of the nation's first default.
In the past, a similar credit downgrade had a significant impact on the NDX, which fell 8.60% in just two weeks. Back in August 5, 2011, Standard & Poor's, one of the major credit rating firms, downgraded U.S. debt after another major debt ceiling battle.
Jim Reid, a strategist at Deutsche Bank, pointed out that while the news of Standard & Poor's being the first to downgrade 12 years ago was substantial, investors had already adjusted their perceptions of the world's most important bond market, recognizing that it was no longer a pure AAA. Nonetheless, Fitch's recent decision to downgrade is still significant.
In the current scenario, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022.
As for the price target for this year, it remains at $16650, as shown in the chart below:
Looking forward to read your opinion about it!
VIX Spike - BIG Crash PendingThe VIX will spike again, nothing to do about it.
Fundamentally, a perfect storm is brewing.
We had/have many events in the markets:
- Covid Pandemic
- Supply Chain Disrupted
- Ukraine Invasion
- Russia Sanctions
- Inflation Spike
- Energy Crisis
- Global Drought
- Interest Rates Hikes
What's next, a full-blown WAR?
SNP500 & My BIG SHORT - Recession TradeSPX is destined to drop hard, back to 2009 lows.
I decided to go short, to catch the next Market Crash.
It's the previous Wave 4 of a lesser degree.
If you know Elliott Wave as I do, then you are getting ready too.
In my opinion SPX500USD has topped a Wave 5 of a large degree.
More info on that in my Full Wave Count for that 150y old chart.
Here's a picture on that SPX500 / US500 Monthly Chart:
Now, what are the main reasons behind my BIG SHORT on US500.F ?
1. The Volatility Index (VIX) is showing a Fractal, the 2007-2009 same/exact sequence.
2. The United States Consumer Confidence Index (USCCI) is telling me that Consumers are entering the Fear Period.
3. The Federal Reserve Funds Rate (FEDFUNDS / FRED) has broken out of an important Downtrend.
4. The US Inflation Rate (USIRYY) is saying that a full-blown war has started.
5. The 10y Treasury Note Yield (TNX) just broke out of a 40y Downtrend.
6. The US 10y Government Bonds (US10 / US10Y / USB10YUSD) finalized a big bearish leg.
7. The Crypto Market Cap (TOTAL) & Bitcoin (BTCUSD) : The Golden King is taking over.
I know what you might be thinking: SPXUSD could actually do one last Bullish move, an overshoot in the last of the last 5th, right?
In this case, the Wave Count on ES1! could be one step behind, and the Impulse Extension in the 5th of 5th was left out.
Yes, that could be a scenario as well, and I will get burnt.
However, I do not think that's the case, so I am loading my Shorts on SPX500USD !
I could not help but noticing that SPX500 is doing the same Fractal Sequence it did on the previous 2007-2009 Recession.
My Sell Orders & Trading Signals on the SPX Market Crash:
* Aggressive Entry: @ Market Price ($3960)
* Moderate Entry: @ $4500 with SL @ 4900
* Conservative Entry: @ 4700.0 with SL @ 5400
* Position Trading: Sell Stop @ 3700.0 with SL @ 4800.0
* Targets @ : $3200 / $2750 / $2500 / $2200 / $1800 / $1400 / $1100
* Safety measures: when in the green, moving SL @ BE.
Good luck and many pips ahead!
Richard, the Wave Jedi.
Prediction of the dollar index in the long term (weekly)The dollar index has moved on the path of July 11 so far and the scenario has not changed for now
According to the left of the chart and the completion of the technical model of liquidity provision, the long-term correction of the dollar index has been completed and it has started its main movement. This break of the dollar in 2023, in my opinion, was like the rest of a sheep before going to the slaughterhouse.
2023 was a break before the slaughter of all markets and 2024 is the beginning of the fall of markets.
This is confirmed by the dollar index with targets of 114 and 121.
Of course, markets like crypto are still alive and we can see price growth in them, but soon they will also approach the crash market.
The whales are currently resting.
World Wars & US Inflation From 1914This is the US Inflation Rate (YoY) from 1914 until 2022.
Symbol is called USIRYY and it measures the Inflation Volatility in the United States.
With the War going on in Ukraine, and Russia trying to force its way through, I took the liberty of looking into the following:
- How Global Wars Affect Inflation
- How US Inflation Reacts to External Wars
- How Wars Affect the Financial Markets
You can see the time-lines, it's all laid-out in the chart (graph).
I took all the Major World Wars and events that significantly affected, not only the US Inflation, but Inflation itself.
First of all, the US Inflation Rate (USIRYY) tells me the following:
* When the US was involved in a War, we can notice that the US Inflation spiked.
* Most of the times when US was not involved in an External War, then Inflation dropped.
That's because of War & Uncertainty Sentiment around this "terrific" word.
War does not bring anything good, in fact, in only brings bad times.
People die and global sentiment gets super-negative.
This of course, leads to... you guessed it: Market Crash.
Why? Because after or during times of War, there are Recessions and Depressions.
Supply Chains are disrupted and the Global Economy falls on its face.
What about looking at things from a Technical Analysis perspective?
* Symmetrical Triangle: and the only way is UP!
I will give you points which I believe are worth keeping in mind for the next Market Crash.
First of all, let's be logical about this.
Winter is coming and it's only gonna get worse before it gets better.
As Inflation spiked to a 40y high, the higher powers intervened, in an attempt to cool the Inflation spike off.
I'm talking here about the Federal Reserve (FED) ramping up the Interest Rates.
This is the Effective Federal Funds Rate (FEDFUNDS).
Can you see the break-out?
They want to calm down Inflation, but they can't.
Why? Because this is no ordinary Inflationary period, it's a long-lasting thing.
One of those hyperinflation, deflation, stagflation, or whatever the heck these experts call it... :)
The Volatility Index (VIX) tells me that another spike in Fear Sentiment is inevitable.
I'm in love with Elliott Wave Analysis, so I labeled this next chart.
This is the United States Consumer Confidence Index (USCCI) and it measures exactly what its name says, LOL.
When it drops, people are freaking out. When it rises, people are optimistic and the Markets are going up. Daaaa!
With all that said, what's the bottom line here?
I believe that periods of terror are gonna hit us all.
Are we having World War 3? Who the heck knows?
All I know is that there are more pieces to this puzzle:
United States 10Y Bonds (USB10YUSD) have reached the Support, and a spike bigger than the Covid Pandemic has started:
The 10Y Treasury Note Yield (TNX) have broken out of a 40y down-trend:
Isn't it ironic how it synced with the Inflation 40y high?
Damn!
Germany 40 (DAX, GER30, GRXEUR) is doomed.
Fractal sequence, Descending Channel, and a "beautiful" ABC Elliott Wave Pattern.
So, how can you prosper from all this?
Metals could be a good hedge.
Gold (XAUUSD) just broke out of an important Bearish Structure.
Maybe it will go up.
Natural Gas (NG1!) & Crude Oil (USOIL) however, are showing Bearish Reversals.
Bitcoin (BTCUSD) is Bearish until further notice as well.
But this may become the new currency moving forward.
In times of terror, the banking systems might need to change.
Cash and Card is so '00.
WHAT'S YOUR TAKE? WAR OR PEACE?
Leave your commend down below.
Cheers!
Richard
SPX Market Crash: The 150y Elliott WaveThis is an SPX chart from 1872. A 150 year old chart.
As you know, I am the Elliott Wave Jedi.
So, I took the liberty of labeling this SPX500 chart.
There's only one thing I can say:
"SNP500 is preparing for a BIG Drop, a Market Crash".
My Wave Count suggests that a major Bearish Swing is starting, or will start soon.
The 2009 lows are inevitable. Price Action will be drawn there like a magnet.
Calling all Autobots!
( SPX , SPX500 , SPX500USD , SPXUSD , US500 , SP500 )
A Recession is due and bigger events will crash the markets globally.
* Some more details in the related ideas.
Fundamental Analysis & Facts:
* Fear vs Greed: VIX (Volatility Index)
It will spike!
* US Consumer Confidence Index: USCCI
People are worried about the future.
* US Inflation Rate: USIRYY
War is coming.
* US 10y Yields: TNX
The 40y Downtrend Break-Out
* US 10y Bonds: USB10YUSD
Bonds Rush, Investors & Fear
Technical Analysis: Elliott Wave Cycles
The Wave Count tells me that a Major Degree is ending, in this case it's the SubMillenium Wave 3.
If you are good at counting waves, then you can see that as well.
The Elliott Wave Time Degrees are on the chart.
Levels I am watching: $4500 & $6500.
IMO, SPX has already started the Recession Bearish Swing, so I am already treating the ATH as the actual top.
In case of another ATH, then this will mean that the current position was a SuperCycle (IV).
After the last 5th, SPX will surely drop, from around $6500 back to $1100.
However, as I said: "I believe the Markets have topped, and that the Recession has started".
Check out a close-up: 2009-2022 Elliott Wave Count.
I am shorting the Markets.
Good luck guys and many pips ahead!
Richard, the Wave jedi.
P.S. Props to @TradingView for providing this 150y old chart.
Nasdaq -> Sell Everything Now!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪
Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower.
With the recent weekly rejection of the major previous structure zone, everything is looking like Nas100 will also break the current support level and simply drop further towards the downside.
And you can also see that there is the possibility that Nas100 will create a regular head and shoulders in combination with a double top on the daily timeframe which is a massively bearish reversal pattern suggesting that we might see a harsh move lower on Nas100.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: