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BİST100 (XU100) Double Top + Another Trendline Break Forming?The BIST100 index recently experienced a trendline break, failing to reach the previous trendline and forming a lower angle trendline. This new trendline is showing signs of weakness, as evidenced by the formation of a double top pattern. Given these indicators, it is likely that the BIST100 will experience another trendline break, potentially leading to a retest of the 5000 level. This analysis should be considered as one of multiple factors in making investment decisions, and further research is recommended. 15M Timeframe: 4H TF:
BIST:XU100
by TradeConfirmed
4
So many shorts caught off sideIt was a refreshing event to trade in what was a repeat of the CPI print earlier this month but at mid day. If you read through any of my content over the past month and half I have been consistent in advocating this was a short term bottom (1-3 months). In the comments I proposed SPX would break the 200 day moving average after the 3rd failed attempt. This time it wasn't even the hedged equity funds being squeezed but doing the squeezing. Most likely the TSLA Bears were taken out to pasture for euthanasia after shorting a major support. I got wrecked on TSLA puts, but they were only a hedge to the shares I bought earlier this week. Tips for trading events like this. Expect SPX and VIX to move to 0 Gamma strikes which are usually around the 20D moving average. Remember Convexity is your edge over dealers. I do 0 DTE options in a strangle. Take profit as your price targets are achieved. Leave a runner or two until close. Trading days like today only happen a handful of times in a year. Set limit orders on your options price targets for an event. When the event occurs the bots take over and will do sweeps at certain key levels like moving averages. What's Next? I outlined much of my sentiment for Dec in this post 2 days ago. Cautious Optimism. 1-2 months out I think we are in for more positive gamma and a slow grind higher. I have been dollar cost averaging TSLA while trading puts to fund buying more each pull back. I think vix can reach $16 in Dec and would be a good time to dollar cost average downside protection on longer dated options farther out than Mar 23. ***not financial advice, just common sense.*** Compression on VIX is signalling long vol will be the next trade to consider into the new year. JHEQX does not venture this deep into their short call... except after a recession bottom. I'm anticipating a slow grind higher into year end with a chance of a flush around PPI/CPI should the numbers not align with Jerome Powells outlook. long vol is getting cheap again as bulls shake off the year long bear market. Watching skew gave a signal the Vix needs to die for Skew to live. #RIP shorts.
AMEX:SPYLong
by SPYvsGME
5
Lebanon quick postThat's it their currency is going to zero. Prime Minister Hariri resigns. Reminder that the central bank was officially recognized as a ponzi scheme (fud-sters and conspiracy theorists win again). Black market needs to give us a way to short sell. How could the most progressive country in the middle east sink like this? If you call me racist you are the racist as I am african. You know, in private all the elites (the real ones, 100 IQ journalists that got into journalism school because they sucked at maths are NOT elites) in private don't even believe in certain things... George Soros publicly believes in the EU and a global currency and yet he bet all of his money against it in 1992. France socialist president in 2016 was secretely recorded and they leaked him saying there was no way France could avoid becoming balkanized. The whole paradigm is falling apart and we are not only entering a new world order but an entirely new era. These years are the years where the western GDP crosses below 50% of world GDP! According to Putin and other Russia spies the west today is similar to the USSR in the late 80s. The collapse is soon. Governments to hold to power use repression, migration, terrorism as an excuse, covid as an excuse, etc... Money is safe nowhere (Gold, Yuan and Rubbles maybe?). All will be destroyed, hey as long as I get setups I'm happy. If Texas goes independant then I'd love to migrate there. They'd probably, if that happens, have stronger migration laws, XD Irony... I don't care about any countries I live in this global village, it's a double edged axe. If a country goes to the gutter then let's get the hell out! I will go shopping and choose a country like I am choosing a type of cheese at the store. World going to go back to a tribal system. Iraq was civilized 10k years with some trully exceptional achievements and had a tribal system the whole time. West Europe lived in the forest for 8/10k years (that's why all the blue eyes), burned witches for 1/10 and was civilized 10% of the time. And these forest people want to teach the world what progress is? LOL! For thousands of years how many pyramids did they build? 0! How many mudhuts did they build? Millions! The forest people did really well since they stole gunpowder tech from the mongols & maths + 0 from north africans. But they are going back to witch hunting and behaving like supersticious monkeys, that think they are morally superior (LOOOOOOL) so good luck forest boomers I won't stick around to pay for your pension. Remember, when Europe conquered the world they were nearly 50% of world population. Not that hard to conquer land 20 to 1. Their achievements were made by literally a handful of geniuses with the bulk of braindead sheeple blindly following (and thinking they did anything).
by MrRenev
4
All Eyes on Bitcoin - What is Next?All eyes are on Bitcoin as it reasserts market dominance by basically dumping everyone else. After the spectacular fall to ~28k and the equally spectacular bounce up, over 40% in the hours that followed, we settled into a range between the 30k and 40k range. We saw subsequent attempts to test the downside, as Bitcoin fell from short term bearish patterns only to bounce off a rising support, leading to higher lows along the way. This created a symmetrical triangle, ranging between the January High price and the January Close. In the near term we will break out from that triangle but we need to look for a breakout from this January price range. We know that industry/MM are buying back- OTC investment is up 10x in the past 48 hours. Retail is sufficiently capitulated, and overleveraged traders liquidated - so the market is healthier, albeit down in price significantly. 1.) from that triangle. Symmetrical triangles are neutral often continuation patterns. So look for a breakout and confirmation on that triangle short term. I don't recommend taking heavy leveraged positions because price is volatile and a breakout could reverse as quick as it breaks out. 2.) This is the bigger picture- I'm looking for a breakout past the JAN High or JAN Close .. and confirmation on that will be a strong signal for upcoming price action and whether we see more downside, or a recovery. So far the price action appears to be respecting that range. Note : we are soon approaching the monthly options expiry. Typically when this happens we see sell pressure lift and the market make a recovery for a couple weeks. Will this pattern hold true in May? We can't predict the future but its probable. If this happens trade safely, it could be a bull trap so IMPORTANT- set your stoploss.
BINANCE:BTCUSD
by 1BigPapi
3100 - I hate to I love you, bitcoinRed lines - horizontal channel that price fell out of. I can see this 'double bottom' popping up a bit to 3400 with a bearish denial because of the bottom of the channel acting as resistance and high volume shown on VPVR. Above that would be the middle of the channel acting as resistance, as well as February open, and Money Box's support flipping resistance. Blue box is where I am expecting chop before further dump into the 3100 region. That's a possible pump zone because everyone will be panic selling to into shorts covering. However, I think it's also possible that price will just sit there as more and more volume/traders leave the market. Then would begin the slow death grind into the $2,000 unknown. Invalidated with a daily close above 3500
BITMEX:BTCUSD.PShort
by NeoButane
How to turn a loyal Apple customer into their worst enemyAAPL ; the pullback is far from over. This is one of the few companies that has not yet seeing a large pullback relative to the current situation of the market. Falling under the 1T market cap sheds light on the fact that Apple is no longer performing to the standards Job's left behind. Focusing primarily on capitalizing on the monitory potential of their large and loyal market, Apple has made many of their consumers feel betrayed and cheated by never releasing products up to the industry standard and __never__ exceeding these standards. With increasings costs and budgets in the homes and businesses alike getting tighter, AAPL will see their punishment as their price bleeds and without proper fundamental changes (not just good marketing and PR) they will be picked up by AMZN . Parties more interested in the long term potential of the market instead of a quick buck.
NASDAQ:AAPLShort
by Wingfield
2