AVAX for ABC corrective Buy zone This is a textbook potential ABC corrective leg
In a strong up trend. I am thinking the C leg could be Quite impulsive and capitulation into exhaustive high vol spoke to lower target or over-shoot and quickly recover to this area for better confirmation of computer driven but orders. Once the selling has Weakened this should signal a short covering rally of at least the magnitude of Wave B above for a double drive target scalp.
Selloff
Elrond EGLD Prepare For SellOfFThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
Elrond EGLD Fully Diluted Market Cap $4,374,613,654
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
Huobi Token HT Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
Huobi Token HT Fully Diluted Market Cap $12,463,605,762
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
Is ETH slowing down? What's coming next?Loyal readers already know the current trend. Here is a quick summary for the ones who are new: Last week was supposed to be an opportunity for bears to shine. However, on Wednesday markets went up instead of going down making everyone confused. Maybe that is why ETH price remained confused at the midway point. Now there was a lot of buzz about WSB, GME and DOGE that most likely pushed BOTS into higher than usual buying. On top of that Mr.Elon with a single #tag send BTC 20% up on Friday! What a week! Most traders could not believe their random luck, took 20-30% profit and took the weekend off drinking champagne 🍸🍹😎
This naturally dried the demand and a slow, painful weekend bleed began.
So, where are we now? We have not yet reached a 7 day low, it is unlikely that we will see a 7 day high either. With volatility, demand and volumes dropping - it seems rather a bleak week. But it really doesn't have to be. There is still a glimmer of hope that whales will wake up and will swing the markets once again.
Here are some technicals data: Midway point of 1330 seem to form a strong resistance blocking the price to go up. Unlikely potential highs: 1400 & 1425. The support line is unclear at the moment, in the last 3 days there have been numerous times there was less than $20 between Support and Resistance sending ETH into low-volatility no-mans land. Potential lows forecasted at 1255 and 1210.
Has BTC bottomed yet ?Hi guys,
Bitcoin has been on its way down since yesterday when it hit $34,800, but we might have to wait a little more before hitting the bottom. There is another bear blag being formed on the 4-h chart.
Basically, all gains from yesterday were erased and we are still below the 26-day EMA on the daily chart.
Still, the big bull flag on the daily chart is still in play
I tend to think, it is just another shakedown by whales and smart money. I mean, if they keep on buying, they will be forced to buy higher and higher, so they will scare retail investors as the price of BTC will become more and more expensive for them to afford. Eventually, they will also run out of BTC to buy. So, what they do - they push the price down, so they can force weak hands to sell and continue accumulating, only to sell it again at the top. It is nothing new, don't fall for it.
I mean, if it is the end of the bull market, so be it, but if you are already balls deep and could not sell at a higher price, don't do it now just for the sake of it. Markets work in cycles. I've been constantly seeing FUD being spread in mainstream media.
Anyway, I don't think we will follow below $30,000. It just won't be profitable for big players. Remember Grayscale ? Do you think they invest BILLIONS just to be rekt two weeks later ?
Regards,
BTC 55 EMA Strong Support!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at BTC/USD on the daily TF, we can see a massive sell off, which was expected after being rejected from the red trendline multiple times & after a decisive break down from the bull-flag. With previous lower lows being taken out easily, a panic sell off seemed to have pushed the price to its next favorable support which is the 55 EMA highlighted in yellow. If the 55 EMA holds we can see it make a move to test the previous s/r which is the white line drawn on my chart but if there's enough sideways action the red resistance line will come into play first. If it does indeed get rejected again from the red or white s/r line, I would not be surprised if it falls back down to the red support line below which has been a massive S/R line in the past. That line is also the next support if the 55 EMA fails.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Very detailed direction forecastI put together this very detailed forecast based off chart pattern picked up on. I numbered my steps in detailing the chart to create a legitimate visualization for all to understand.
1. We see continuous rejection at 127.000 with an eventual high volume pivot.
2. We see continuous support at 126.000 keeping the trend within the straight channel between support and resistance.
3. Off the support pivot we see a break through 127.000 to be rejected at 127.500 creating new top resistance.
4. Off top resistant rejection we see a strong sell off that flew through 126.000 support with continuation. This sentiments true sell off loading up from 127.500 rejection.
5. I am watching for a market open pullback to create first weekly resistance. I sentiment this due to how far the RSI breached oversold. For continuation RSI will trade in and out of oversold zone.
6. First support retest is at 125.000 with a safe sell entry point below as long a breach and close out occurs on 1 hr.
7. A break and close out below 124.500 will create massive seller volume for a second sell entry to retest next major supports at 123.000 and 122.500. If momentum is strong enough a final retest will occur at 121.500.
Attached is my previous sell that had TP at 126.000 which smashed through hence my heavy sentiment for this trade. Any strong supports pivots at my first major supports may aim to channel resistance.
Please observe carefully following my steps and comment with any thoughts and ideas. Thank you.
This wedge looks like its about ready to play outCould it be possible we have another springtime selloff? How deep could it go? The impact of shutting the economy down has been hidden for sure, if this doesnt happen now, a correction is due and we are just postponing it. We can only print dollars for so long until the world looks to adopt a more stable currency.. could that be bitcoin?
I didnt hear the incoming president speak last night, but what little he said gave us a selloff today. He's not going to be as business friendly as the previous one. Spending borrowed dollars for a green new deal isnt going to help us, plus how are they going to one one and keep a lock down going and on the other reopen the country without going against what they've said for the last year. Until they realize covid isnt going anywhere and will be the new world wide infection that will not subside, they are fooling only themselves and those who listen.
Anyone willing to, feel free to comment. I'd love to be wrong because inherently I trade to the longside but I'm strongly considering a short bias until something like this happens and I'm looking for a bottom to buy back in.
BTC January Selloff Effect - Historic Corrections 2016-2020January has historically been one of the worst months for Bitcoin, thus extreme caution should be taken on the long side as I have mentioned earlier.
Here we can see the early January profit taking and selloffs since 2016.
Since Bitcoin just crashed around -20% in 2 days, this year might not be any different.
The US Dollar has also been gaining upwards momentum recently. As Bitcoin is inversely correlated with the USD, Bitcoin's chances this month will be decreased further if USD continues to go up in value.
I am currently looking at 30k as a support and accumulation area, and I am still very optimistic for Bitcoin this year, but that will be for another post. For now, I would suggest to keep an eye on the DXY (US Dollar Currency Index) and plan ahead for a possible comeback for Bitcoin in late January or later.
What do you think?
Knock, Knock, who’s there??? Volatility rise!! 📈 Long on UVXYHi fellows, as many of us expecting stock market correction on main indicies, finally there are some signs of rising volatility in near future. Yesterday strong rebound of TVC:VIX is some fresh air in my face :)
AMEX:UVXY is one of instruments you can participate on rising volatility or hedge your portfolio in risk off days. Today and next few days will be risk off very likely.
So here is my idea.
Yesterday price action on AMEX:UVXY was pretty strong. Its rebounded from strong supply area 10.20-10.60 and bounce back to rising trendline. Now sitting at key support 11.05. You can see rebound is supported by very clear defined divergence on long term CCI indicator.
Here is my trade:
------------------------Trade setup ---------------------------
Entry: 11.05
Stop Loss: 10.77
Profit target: 12.22
Time stop: 5 days
------------------------------------------------------------------
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
CEI Penny Stock Sell AlertPENNY STOCK SELL ALERT
$CEI - Camber Energy, Inc. Common Stock
Initial Alert Price: $0.9
Price High: $0.9105
% Gains/Losses: 1.17%
(-20.83% Less Than Expected)
CEI was not able to confirm the EMA Crossover and could not hold support above the $0.8410 Support Levels. We are closing this trade alert for a -11% Loss
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SPCE Virgin Galactic Ready For Selloff? This is when i told you about the Buying opportunity of Virgin Galactic stocks, at 21 usd:
Test flight failed to reach outer space!
The company said that during a test flight launched on Dec. 12, the rocket motor “did not fire due to the ignition sequence not completing,” keeping the flight from reaching space. (marketwatch.com)
The indicators gave a sell signal on Friday.
f you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
The Loonie meanwhile meanders on either side of 1.2800...The Loonie meanwhile meanders on either side of 1.2800 vs. the Buck (1.2791-2829 range) with the currency underpinned by firmer crude prices. At the time of this post it appears we could be breaking out once again to the downside, this time attacking the 1.2600 handle as a landing spot.
Prior analysis:
GOLD Might Face a Major Sell-Off Soon: UpdateA week ago I made the prediction that Gold would be falling soon, and falling quickly. Little did I expect it would happen within a week!
Since gold is close to the $1800 support, we can either see a small bounce or a break through the support. If we get a daily candle which closes below $1800, expect a major sell-off towards Support 2 around $1720.