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BTC Major Resistance!Hello Community! BTC /USDT is currently attempting to move above the major S/R zone (white line) shown on the chart. We need to close above this line on the 4hr or Daily TF for this bullish momentum to continue. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated! This is not financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
BITFINEX:BTCUSD
by rnaofs
2
BTCUSD- Downside Projection 21K If we take a look back at the 2017-2018 Crypto run up and sell off the similarities in price action are eerie. I went through studying all the moves trying to find a proper price target based on measured moves with little success. However, today I had a realization, once BITSTAMP:BTCUSD was unable to rally, and a large liquidation through $30000, I realized that we could be on track for another 50% downturn from this level as distribution continues. Comparison - Here is an image of the 2018 drop and as we can see their similarities are glaring. Bitcoin made a new high moving up 492% from a swing low. Dominance fell off sharply right before this high was made topping out around 71. This was followed by a sharp drop in dominance. Despite this, the price of Bitcoin continued its rally finally running out of gas at 19666. Here is where things really become interesting. Ethereum the second most popular cryptocurrency at the time (coinmarketcap.com), began to go on an insane rally. After making all time highs with bitcoin, it pulled back with bitcoin but from its swing low of 501, it pumped 183%. ETH just completed an identical pattern putting in a swing low and rallying 125%. As the ETH high was put in, Bitcoin continued to oscillate in a small range and began to lose dominance at a very rapid rate. From the ATH to the bottom of dominance bitcoins price dropped 36%. Today's measurements show a 34% drop but the pattern between highs and in dominance in price are identical. Once Ethereum put in new highs, It sharply dropped and the crypto market was all downhill from there. Bitcoins dominance finally bottomed out yet prices across the crypto market continued declining rapidly. If today is the bottom of Bitcoins dominance (beginning to look that way) I wholly expect for the market to continue lower. Bitcoin regained a dominance of over 60 after 241 days down trending The price change during this time was a drop of 58%. I expect for BTC.D to be able to top 60 in half of that time as this bear cycle pans out. Key Differences - While theoretically, history would suggest that Bitcoin drops 80% off highs however, this seems unrealistic without major fundamental shift. Integration into businesses and money transferring apps gives Bitcoin lots more value than it had during 2018. People are interested in Cryptocurrency but the liquidity retail has brought into the market is a double edged blade. On the one hand, there is more money going into a product with a cap on supply which will always raise price, on the other hand there is more liquidity for short sellers to take advantage of. Another aspect that has changed is institutional investing. With larger interests now holding bitcoin due to incredible alpha and versatility such as protection against inflation (something that has not been present recently but I will save it for another post) is a huge win for Bitcoin. Many institutions would likely find Bitcoin a steal at 21K as it continues to grow mainstream. These differences are the main reason I only project a 50% drop in price for bitcoin. That being said, these are only my thoughts and there could be a drastic change in Bitcoin in the near future that completely changes the market, I will update this idea if that is the case. Conclusion - I hope whoever is reading this was able to take something away from it. Feel free to leave a comment with your thoughts or a conflicting view. Meaning of Lines Red Dashed- Dominance Low Green Dashed- Dominance High Gold- Price High
BITSTAMP:BTCUSDShort
by crawfordpaul
2
PTON setup for a potential 40% dropHead and shoulders playing out with the right shoulder half formed . Wait for a break of the neckline and a candle close outside of the neckline /*Resistance before shorting alternatively you can also wait for the back test of the Neckline and upon rejection open Short . SL placement above the last swing high . Point of control is a match for the move to the downside as a further confluence. 200EMA will also create a slow down in the move to the downside Set a price alert around the $100 region and await the reaction at the Neckline . Always use a SL and know your Invalidation Like and Follow for regular setups Much appreciation
NASDAQ:PTONShort
by SJTRADESFUTURES
4
TME: Approaching 3 Layer SupportTencent Music's fluky selloff was the result of Archegos Capital's reckless overleveraging. However, this selloff has created an interesting opportunity to buy off of weekly trendline, horizontal, and 50 day SMMA support. The fundamentals of TenCent remain unchanged and many Wall St. analysts maintain an average $25 price target despite the selloff. Revenue + Net Profit continue to increase QoQ. This may be a great opportunity to grab some shares of China's #1 music streaming company.
NYSE:TMELong
by douglasjlupo
GCM2021. View from 2 hours post NY market open.I want to be a buyer here, but past experience has convinced me it's best to be on the short side when you see an aggressive selloff like the one shown here, or just stay out of the market altogether (which is what I will be doing now). Price will have a tendency to spurt up, committing some buyers to a false rally, then continue down for another selloff. The buy response tends to come more slowly than the selloff. So if you are looking at this and thinking "hmmmm, maybe it will go up the same way it came down..." you will probably have a bunch of losses until you decide there are better ways to play the market. I speak only from experience. Buyers usually will return, but it will be a gradual build up. The build up is like rain accumulating in a cloud. The selloff is the lightning strike. :)
COMEX:GCM2021
by emehoke
$APP is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea AppLovin provides tools for mobile app and game developers. The share price is falling and gonna continue this trend today. The demand for shares of the company still looks lower than the supply. These and other conditions can cause a fall in the share price today. So I opened a short position from $69,10; stop-loss — $73,50 take-profit — $56,00/MOC price Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas.
NASDAQ:APPShort
by KozakHlib
More downside for gold.I see the gold with a downtrend that ends around 1600 - 1500 USD. In a nutshell, my counting is as follows: The corona selloff sets a paradigm shift globally , so it is justified to assert that we count three impulsive waves from March to mid-July, with a structure of 5-3-5-3-5. The top comes at the 2076 USD, with a double three correction, and finally, there is a clear channel with a triple combo wave. I expect that this downtrend ends around 1600 - 1500 USD because the 0.786 Fib retracement is the mean reversion point for any selloff. After that, we may see the gold consolidate for a long time until the inflation expectations are materialized (maybe with yield curve control from the FED). Any thoughts or opinions are more than welcome. PS: If you analyze carefully, this structure is identical to the Wallstreet cheat sheet .
OANDA:XAUUSDShort
by LiquidityMaster
10-Year Notes Auction Result Is Pointing Toward Market StabilityTuesday's 3-year notes auction, Wednesday's 10-year notes auction, and Thursday's 30-year bond sale are 3 of the most closely watched auction that will be happening this week due to the recent focus on bond yields which have been a key driver of stock movements. We saw that on Tuesday, the $58 billion auction in 3-year notes was well-received, attracting demand that is well above average. This can be seen from the bid-to-cover ratio, which acts as an indicator of demand, where we saw a ratio of 2.69 for Tuesday's auction, which is stronger than both the 2.39 ratio we saw in February as well as the average ratio of 2.40. This temporarily eased the fear of an uncontrollable rise of velocity in the surge of bond yields. I believe today's $38 billion auction in 10-year notes has helped to further calm such uncertainty. Following today's auction, the Treasury sold $38 billion in 10-year notes at a yield of 1.523%, with bidders seeking $2.38 for every $1 on offer from the government. This means that the bid-to-cover ratio stand at 2.38, which is nearly on par with last month's 10-year notes auction ratio of 2.37, but lower than the average taken from the last 10 previous 10-year notes auction ratio of 2.42. While this does not indicate above average demand like what happened yesterday with the 3-year notes auction, it does shows that today's auction has demand that is consistent with recent auctions. This is a good thing because one of the things that market participants are fearful for is unpredictability and instability caused by more weak auctions that are not within expectations like what we saw in late February's auction of 7-year notes where an unexpectedly weak auction caused the market to sell-off. As such, given today's average 3-year notes auction that was within expectations in combination with the lower than expected core CPI data that was released earlier today, the fear surrounding the bond market is temporarily put to a halt once again. Tomorrow's $24 billion sale of 30-year bond will be the last straw of the week that could potentially move the market significantly in either direction. Market participants in the stock market should continue paying close attention to the situation surrounding the bond market because I believe that Treasury yields and the result of bond auctions will continue acting as an indicator of the general direction of the broader stock market throughout this week. Invest safe. This is not investment advice so please do your own due diligence! Support this idea with likes and share your thoughts below.
TVC:US10Y
by AntrePoint
2
NIO Bounce? Nio. along with most tech and EV stocks has aggressively sold off over the last month. But is the selling really over or was this a dead cat bounce? I for one hope for the former. Here is what I am looking for in Nio from a technical standpoint: - Bounce off the $31.86 level with candle close just below the 180 EMA (Happened) - Green Candle break above $38.59 level with candle close above 180 EMA (Happened) - Green candle close above $42.76 (38.2% fib level) - Consolidation of candle bodies between $42.76 (38.2% retracement) and $46.12 (50% retracement) with buying pressure pushing price into $46.12 (50% retracement) - $49.49 (61.8% retracement level). - Price crossing over 20 EMA and hold as support - 20 EMA crossing over 50 EMA with heavy volume I have an open position in NIO with $37.80 avg and I plan to add to my position with a 50% retracement break and hold. I will also add more to my position when price breaks above the 20 EMA and retests as support. The last addition to my position will be if the 20 EMA crosses over the 50 EMA.
NYSE:NIOLong
by madisonsoun97
2
Today's 3-Year Notes Auction Is Why The Stock Market ReboundedAfter experiencing a sharp spike in the 10-year Treasury yield last month due to an unexpectedly weak demand of a US$62 billion 7-year notes auction, today marked the start of a crucial bond auction week that will test the condition of the bond market. This week's schedule is as follows, Tuesday: $58 billion auction in 3-year notes Wednesday: $38 billion auction in 10-year notes Thursday: $24 billion sale of 30-year bond Following today's auction, the Treasury sold $58 billion in 3-year notes at an auction-high yield of 0.335%, with bidders seeking $2.69 for every $1 on offer from the government. According to the bid-to-cover ratio, which acts as an indicator of demand, the ratio stands at 2.69, which is stronger than both the 2.39 ratio we saw in February as well as the average ratio of 2.40, indicating that the bond auction was well-received compared to what was expected. As a result, lingering fear of an uncontrollable rise in velocity of the surge in Treasury yields was temporarily put to a halt today. This caused the 10-year Treasury yield to drop by 4.46% today, and resulted in a rebound in the U.S. stock market, with S&P 500 up by 1.42%, NASDAQ up by 3.69%, and DJIA up by 0.10%. I expect Treasury yields and the result of the aforementioned bond auctions to continue acting as an indicator of the general direction of the broader stock market throughout this week. Market participants in the stock market should continue paying close attention to the situation surrounding the bond market as it will help provide you with insights on what you can expect for the day's movement. Invest safe. This is not investment advice so please do your own due diligence! Support this idea with likes and share your thoughts below.
TVC:US10Y
by AntrePoint
4