Bitcoin short to $3800 area
Shorted 1.5 coins BTC/USD on FTMO at $42,081.05. Looking to pass the $200,000 swing trade account and this is my first trade. Looking for a break down of that level highlighted in blue with a move down to around $38,000 where the next large level of support seems to be. BITSTAMP:BTCUSD
On a seasonal basis, BTC tends to see poor returns in January, starting particularly on January 8th to January 28th. So I may be a little early and get stopped out -- but the price action seemed like a good bet right now for a breakdown. If I do get stopped out I may wait a few more days and try to get short again at a higher level.
Seasonality
Buy VIX Futs with an ETF for simplicity before Santa rally overDowbt Im only one who is front running reversal unjustified market rally with no earning proof driven by inflation that is diminishing no longer supporting earnings JPM'a theory basically mid this pas year but he was correct but too early to the earnings crash party! Now that Dem's fiscal punch bowl is nearly empty adding 7 trillion to national debt in less than a year to help midterms and markets just priced in 5 rate cuts and earnings multiples at 20 (long-term=15) including mag-7 take out mag-7 not so hot). Hard to justify any more growth with excelorating diss-inflation and "black-swan" risk is non-black swan character as so many increasingly potential systemic risk just keep stacking up, plus a corrupted Presidential Administration, Congress, Dept. of Justice, FBI, Dept. of homeland security, school system, universities, and mainstream media have perpetuated/caused the problem with bs employment numbers, omissions and flat out lies as well as staring wars, ruining trade agreements and unleashing the worst inflation in 40 years all about to collapse from sheer societal rejection that will most likely be exposed causing worst crash best described by Jeremy Gratham (just YouTube him if your not familiar with the oldest and most historically-successful "Wall-Streeter perma-bear")
NOTICE: Expressions are not recommendation or advice. If you are not competent then obviously should consult what is called an "Advisor" on the subject. Don't blame me if you make a decision based on this as it is only an opinion and past performance does not constitute a reasonable basis for future performance or non-performance as we don't have a time-machine obviously this goes without saying but some really doubt people make it a habit to assume they know with certainty and can guarantee what the future holds and to those I say sit down and humble your self or the market will humble you for yourself in "New York Second," and that is pretty fast. Just saying, don't be a fool and use common sense and trade size and don't blame others for your decisions, and, trade responsibly.
Update Swing Gold 27/12Update Swing Gold 27/12
With this idea, we can easily see that the price is approaching the blue dotted line, but past signals show that when the price marks its territory on the blue indicator line, the price increases by 263, which is This also convinces us that when we wait to break through the line, it will be more difficult to gain profit at 263 price.
One more thing, at the 4-hour frame, the price broke through the red cloud and stayed above it, the future blue cloud is thick, this is the catalyst for the gold price to increase sharply in the last days of the month without much adjustment. Maybe this is a continuing rising wave at the 4 hour frame, all factors agree and support it.
See more ideas below with the morning star candlestick pattern to strongly reinforce the rising gold price line that will continue at the end of this fourth quarter without significant adjustment.
Good luck!
buy on best candle (ADA)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we are a good candle for buy if not break zone of 0.59$ .
📊 (Entry) : 0.5945
🔴 Stop Loss : 0.5820
🎯 Take Profit : 0.6072-0.618-0.6345
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$KAVA towards the $1The price zone from $1 - $1.1 is clearly a strong resistance area of $KAVA. From a broader perspective, we can clearly see that the price zone from $0.5 - $1 is a very large accumulation area when the buying volume is more dominant.
If $KAVA can break through the resistance zone >1$, we can completely expect the price to XXX many times.
BTC last UPDATE( YEARLY CLOSURE)I'm looking for 2 things at the moment, in order to have enough data to take a decision, regarding BTC. The first one is how price will react from 46k. From this first question, 2 scenarios arise in my mind: 1- a closure below 46k that will liquidate 40k will confirm the sell off towards 30k. 2- a closure above 46k will push price towards 51k, but even then, I still expect price to continue to liquidate the current lows formed on the daily chart and balance the current movement for a healthy bull market. And that's how we got to the second thing I was talking about in the beginning. 51k- this level is an imbalance left behind, right after the ATH has been formed and then price started its reversal that led BTC all the way down to 16k, after hitting 69k. Imagine how many orders are still left behind that area. Either way, I'm still looking for shorts, from both 46k and 51k. If I were to choose from those 2 by which has higher chances of respecting the shorts. I'd say 51k. But that would be valid only if price has already invalidated 46k. Which is why I'm waiting for more data to be printed. Until next time!
Looking to short the marketBy short the market, I mean to short the S&P500 and the Nikkei (JPN225).
Reasons for shorting these markets is alignment and the extreme overbought state it is in at the moment. This is not a bear market prediction, simply using the end of the December bull seasonality factor with alignment of the markets.
SP500 Short confluences:
All time high
Duplicate Trendline 2nd touch
Round number 4800
Nikkei Confluences:
All time high
Round number 34000
Using breach of first high to take the last high at the round number. I am also choosing this high as the HL formed makes the first high less likely to work therefore, because I want higher probability, I will take the high above.
Catch you later traders ▲
The Dragon Awakening: China's Stock Market Set for GrowthThe Chinese stock market has been volatile in recent years, but there are signs that it is on the verge of a major rebound. The government is implementing a number of reforms that are aimed at boosting economic growth and investor confidence. These reforms include tax cuts, infrastructure spending, and measures to support small and medium-sized businesses.
As a result of these reforms, there is a growing sense that China's stock market is undervalued. This is reflected in the fact that the MSCI China Index, which tracks the performance of Chinese stocks, is currently trading at a discount to the MSCI World Index, which tracks the performance of stocks in developed markets.
Investors who are looking for long-term growth opportunities should consider investing in Chinese stocks. The country has a large and growing economy, and its stock market is poised for a major rebound.
Here are some of the reasons why China's stock market is set for growth:
The Chinese economy is growing at a rapid pace. The Chinese economy is expected to grow by 7.8% in 2023, making it one of the fastest-growing economies in the world.
The Chinese government is committed to supporting the stock market. The government has implemented a number of reforms that are aimed at improving the environment for investors. These reforms include measures to increase transparency and protect investors from fraud.
The Chinese consumer is growing in affluence. The Chinese consumer class is growing rapidly, and this is creating strong demand for goods and services. This is a positive sign for the Chinese economy and its stock market.
Investors who are considering investing in Chinese stocks should carefully research their investment options and consult with a financial advisor.
LTC - Litecoin coils up for Mini CycleHi Traders, Investors and Speculators of Charts📈📉
Litecoin has gone through an extended accumulation phase, and by looking at previous examples of macro cycles on LTC, next up is most likely another upward cycle.
Previously, LTC went straight from bearish cycle into a mini cycle. But this time, we went straight from bearish cycle into accumulation phase, indicating that a mini cycle may likely be next before we hit the parabolic bullish cycle. In other words, MINI CYCLE and ACCUMUATION PHASE has swapped around this time after the BEARISH CYCLE.
There's no indication on the chart of a definitive move into an upward cycle just yet, thus I'm expecting a few more candles of accumulation / range trading.
It's important to note that during the mini cycle, the price can increase AND decrease substantial amounts. The price usually decreases back close to the starting point fairly quick after the increase. The mini cycle also lasts much longer than the parabolic bullish increase cycle:
These are the parts of the cycle we are waiting to repeat, with MINI / MID CYCLE coming up next, followed by more accumulation, followed by the parabolic bull cycle :
You'll know when it's around time for the parabolic increase phase when another Bullish Cross is observed on the LTC Market Cap :
Another great way to watch out for that serious bull run cycle is when LTCBTC starts to trade closer towards the white trendline and even above. Consider that the phase has ended again when LTCBTC candles lose the white trendline:
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CryptoCheck
CRYPTOCAP:LTC BINANCE:LTCUSDT BINANCE:LTCBTC COINBASE:LTCUSD
LINK - Gearing up for MASSIVE GainsHi Traders, Investors and Speculators of Charts📈📉
For a while now, LINK has been trading in a very clear accumulation phase. This is the zone we see after a bearish cycle and BEFORE a new bullish cycle.
Chainlink can be very "wicky", and often the price will go JUST UNDER/OVER the resistance zone, or JUST UNDER/OVER the support zone. This makes it hard to give precise entry points. Working within ranges and choosing the lower part of the range is the safest best to protect against those ugly wicks.
Here are some easy setups that guarantee profits during the next bullish cycle - but you will have to have packed-bags in order to bag-in on profits!
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COINBASE:LINKUSD BINANCE:LINKUSDT
Gold long IdeaLooking to long gold from the 2010 area, scaling in to the trade if it falls to the round number for a bullish push to end off the year and go into the new one.
Confluences:
Seasonality in gold, December is bullish for gold going into January
FOMC surprise rate cuts going into 2024 & 2025
in terms of tech, we have the 50% fibo here as well the -23.6% from the current leg.
Targeting 2061, I have a longer swing I will be scaling into if gold continues to rise back to the alth.
Catch you later traders Merry Christmas ▲✞
Altseason Indicator. Capitalization excluding BTC ETH USDT USDCLogarithm. Time Frame 1 week. Understanding the capitalization and growth potential of altcoins without BTC ETH and top steiblcoins USDT, USDC and DAI gives a brighter and more accurate picture of the timing of the start and development of that long-awaited altcoin season of more pronounced scale than now on 16 10 2023 - at the time of publication 8 12 2023.
1) The capitalization of these assets has long been in a squeeze - consolidation, this is a direct correlation with the accumulation zones. We are conventionally in the final phase of accumulation (almost).
2) Please note that there has been no real capitulation (perhaps there will not be, and if there is, it will be V figuratively, but that is not the point). Very much emphasize your attention to the timing of the length of this phase and past late 2018 and 2020.
3) Also note to your eye that at that time 2018-2020 there was not such a big capitalization outperformance from the rest of the BTC and ETH market. Compare that to the situation now, how much other altcoins are "undervalued" speculatively. You also need to realize that there is a correlation with stablecoins and their huge portion of the overall market compared to the time before.
How to enter these parameters on tradingview? .
In order to capitalize alts from TOTAL3 (initially without capitalization of BTC and ETH) and exclude all large-capitalization stablecoins from it, you need to do the following:
In the ticker entry line in tradingview write:
CRYPTOCAP:TOTAL3-CRYPTOCAP:USDT-CRYPTOCAP:USDC-CRYPTOCAP:DAI .
Accordingly, a chart is created that subtracts the capitalization of the designated stablecoins (USDT, USDC, DAI) from TOTAL 3.
NQ expectations based on macro-economic analysis and structuralThere are 2 scenarios that I expect to occur, both with the final outcome, the circumstantial achievement of historical highs, because: we had a response to the restrictive monetary policies of the FED before 3/11/2023 with a lower than expected NFP and a rate of rising unemployment; then with decreasing inflation. I expect scenario 1 (white) to occur if in these days the markets close with a bearish acceptance below the last Value Area; scenario 2 (green) only if we have a bullish acceptance of the last established maximum. Seasonality should also not be overlooked as we are in Q4 and the very close Christmas rally, a Risk-ON period.
Most important chart to check BEFORE any other market!After 4 years of upward movement and reaching the ceiling of 5% yeilds.
Considering the momentum of the current downward trend from the 5% resistance, as long as the wave counting is considered correct and not violated, all financial markets, especially bitcoin, gold, and the US stock market for about the next year (2024) may be ascending
IF the bonds break the 5% resistance, the whole scenario is cancelled
Keep in mind that the amount of money printed and available to large investors to enter the financial markets is much more, and this can have much more extreme movements with it.
But beyond these cases, finding suitable entry points for each market is a completely separate and important issue that must be examined separately.
Neither gold nor Bitcoin are good places to buy now.
Bitcoin Correlation with Dollar Bitcoin Correlation with Dollar
A weaker DXY = a positive for BTC ✍️
The chart below shows the moments when 2 assets are correlated (circled⭕️). Note the DXY is inverted.
In the last post, I said that I expect the dollar to continue to fall, leading to BTC's growth.
💡What's next? Now, most analysts agree that the key rate will decrease in 2024, which is again negative for the dollar and positive for risk assets↗️
GBPUSD 4H Next Possible MovementHello Traders it been a while since we didn't share any analysis here we are back at the Game let dive In on the $GU 4H Timeframe Analysis.
We See a clear rejection of the price 1.2500 we can count it as a support Area and now the price start ranging it accumalte liquidity to either Goes Upside or downside but the Next Move will be massive, We have To Possible Scenarios.
1- We break to the Upside, that our confirmation then pullback and move to 1.2750 Areas.
2- Second Scenario is a continuation of the current bearish movement to break to the Downside then Pulback or retest the previous support that will became Resistance!