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Bitcoin Is Trading At The Support As Stocks PullsbackHey traders I this video I will take look at NVIDIA which I think it can be moving into a correction and can possibly be headed down for deeper prices. So if today major stocks indicies will have second red day in a row, then possibly next week there can be more risk-off. In such case I think its better to wait on any long ideas on cryptos (short-term), and wait on much better timing for potential long entires, which can be maybe after summer, or during elections when normal markets tend to be in bull run. Additionally, any rate cut later this year can be alos supportive for stocks and other assets. When I look at bitcoin, I think that 50k is very good potential support; if it gets there. Have a nice weekend. Grega
BITSTAMP:BTCUSD
by ew-forecast
BLUR Cryptocurrency potential Sell-Off soon!BLUR serves as the governance token for Blur, a non-fungible token (NFT) marketplace and aggregator platform. BLUR Market Cap is $813Mil BLUR Fully Diluted Market Capitalization is $1,96 Billion! 49.46M $BLUR(about $32.50M) was unlocked yesterday and they will be unlocking more coins next month! I have a rival to study for comparison, Rarible and its token RARI. Rarible operates as an NFT marketplace and issuance platform with a focus on empowering creators. The platform leverages the RARI token to reward users engaged in active interactions with the protocol. RARI Market Cap is $32Mil RARI Fully Diluted Market Capitalization is $35Mil! In 2021 RARI was trading at $63.53 and its fully diluted Mk cap was $1.57 Billion! Sounds familiar? Then the DILUTION started! And now is trading 45X lower, at $1.4! In case it will follow RARI`s rule, my price target for BLUR is $0.015. Now it`s trading at $0.657!
Short
by TopgOptions
5
BNB Chart AnalysisContext: BNB is the only crypto chart which "only" dropped approx. 74% from its ATH in 2021... The entire crypto space has been bleeding out, but BNB has been hovering around up there. Why should it drop down to $43.20? Because the chart says so, that's all I care about. What needs to happen for that drop? I don't know, but I have a theory. Binance holds large sums of USDT. USDT is not completely backed by USD 1:1. Once that comes out, people will withdraw their money out of USDT causing it to go down. We are talking about billions of dollars. Binance will go down with it. The chart couldn't be more obvious.
BINANCE:BNBUSDShort
by kingoftrades88
4
SP500 Makes "Failure" Break Higher; Now Short-term Weakness SP500 is making a sharp reversal, so it appears it was failure break higher after that overcrowded trade when everyone expected 4200 to be a major breakout point for the bull run. We also see USD still in bullish mode which can extend gains much higher now if stocks will be in risk-off mode. Looking at the SP500 price action, we see price falling below the trendline support so it seems that five wave rise from the March low is finished and that minimum three wave drop is in play. Big important level can be 4060/4070 which has been retested a few times in the last two months. Below that we have 4k, near 61.8% Fib.
CME_MINI:ESM2023
by ew-forecast
End the year with a BOOMIt's that time of the year again, the Christmas sell-off is a much anticipated event as it repeats every single year. After the weekly close below the dotted line around 17K the market signalled its most likely direction - down. I'm expecting a big nuke candle to clear the 11.5K level, HTF close above the green block EQ and finally but slowly, move towards the 0.25 Fib retracement. Final target of the relief rally - before any major reviews - would be the 0.5 Fib level. Taking profits accordingly. Eyeing closely the monthly and yearly closes, as they will be key for next years price movements. Invalidation (and therefore weakness) would be weak HTF closes and prolonged distribution below green block EQ.
Long
by oamati
1
EURGBP Double Correction Sell-OffThe EURGBP is still maintaining the downside direction. We are trading in a Double zig-zag correction pattern. But we must see the (X) wave initially make a minor zigzag correction in the upside direction. The upside correction might not be very deep it might not even reach the 61,8 Fibonacci level. What you have to realize is that we had a similar pattern on USDCAD in the 2020 financial crisis. The pattern was between 16 May to 27 April 2020. The patterns are less the same so we can expect it unfold the same way.
Short
by Weshareio
3
USDCHF Dollar Potential Sell-Off - Ending Diagonal PatternUSDCHF has been trading in an impulse wave. Price now formed an Ending Contracting Diagonal on wave 5 suggesting that the impulse is now complete. Elliott Wave is a study of human psychology as we as humans have patterns in our behaviors. To put this in terms of the charts or technical analysis in a bullish trend, wave 3 is where there is a bit of hope and a lot of buyers and people are pushing the price and on the wave, 4 people start exiting their positions and only a few buyers left that one of the reasons why a wave 5 is fairly short-term lived. Then followed by a crash and start correcting in this case we have wave 5 as a diagonal pattern to justify that it's safe to say we will be followed by a sharp and rapid drop. The tricky part with an Ending diagonal pattern is that there is no clear target level you will have to rely on Fibonacci retracement golden zones and the sub-waves.
Short
by Weshareio
1
Nasdaq NQ hovering @wma200/mma50/June low zone;Diamond again?Nasdaq, si,liar to SPY has made 2 diamond patterns in May & June leading to a reversal with positive Rsi divergence. Could it be repeating similar set-up this Sept-Oct? It is currently hovering around the mma50+wma200+June low zone. Sometimes prices break a little below the diamond pattern first eating away the cut-losses before a reversal. If NQ makes another new low after Thursday’s economics data, it will be bad news. Not trading advice
CME_MINI:NQ1!
by xtremerider8
BTC returns to mean/pivot@19500;Bollinger squeezing for big MoveBTC keeps returning to the pivot line at 19500 which also acts as a support. It is also barely holding the base of the triangle as support. Bollinger Band is squeezing for a big move soon. As for now, the Head & Shoulder pattern neckline is still not yet broken, suggesting much lower prices if the neckline breaks. We just have to wait which way it breaks. If current double support holds, we may be seeing 22k next. If SPY continuous to break below the June low this week after major economic data on Thursday, there is a big chance BTC support will also fail. Then the17k to 16K zone is the next support. Not trading advice.
COINBASE:BTCUSD
by xtremerider8
AUD/JPY High Yield sell-offFX:AUDJPY Witam, Sentyment : risk-off envoirement, inflationary. Fundamentalia : migracja kapitału - wyprzedaż High Yield (CAD, NZD, AUD), kupno save-havens. Chart pattern : Head & Shoulders. TF : H4-H1. Wejście : po retescie neckline + price action + MACD confirmation + CCI 20 0 line overbought retest. Wyjście : luzowanie polityki monetarnej FED (interest rates reveral), czyli okolice mid 2023. Sorry za polglish, ale tak jest łatwiej. Miłego tradingu ;)
Short
by kamykw0w
4
Risk-Off Rotation Crypto/Tech -> UtilitiesFundamentals: + Exposure to "Risk-Off" Utilities. + Biggest E.U nuclear power operator. (52% of E.U Nuclear power comes from plants run or used by EDF) + Need for upsizing given the Russia-Ukraine commodity constraints. Opinion: EDF is undervalued at its current price. As the situation with Russia deteriorates, as an energy partner; a "Risk-Off" idea, presents it-self. During times of recession, stagflation, cost of living crisis compounded by government's inability to further print to ease pressures due to the mishandling of the Covid crisis. The idea of hierarchy of needs is paramount. In difficult times, one may not pay rent, but he will pay for energy. Given there is no industry without energy, the idea behind green/clean at the cost of longer time frames; becomes prohibitive.(Main reason why E.U decided to consider Nuclear "Sustainable". www.dw.com) Instead, one can expect France; decades of expertise in Nuclear power generation to be highly in demand. It be by consulting on building of Nuclear power facilities across the E.U block or simply due to the sharing of market rated energy production via the EEX across the block. As the FED continues tightening, sovereign debt figures keep rising. Taiwan and Ukraine are now hotspots for defense contractors. Within the Risk-Off context and taking into account the military sovereign debt money printer is reaching new highs; exposure to military contractors may be a good risk-off idea. This is not intended or made to constitute any financial advice. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
ELong
by TheBitcoinGeneration
3
The rotation of 2022. Out of Tech/Crypto into Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of daam top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023. With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4. #LONG #TRADEOF2022
WLong
by TheBitcoinGeneration
The great 2022 rotations. Tech/Crypto -> AgricultureThe market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023. With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4. #LONG #TRADEOF2022
BLong
by TheBitcoinGeneration
The great 2022 rotation Tech/Crypto -> Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023. With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4. #LONG #TRADEOF2022
CME:CPO1!Long
by TheBitcoinGeneration