ETH what is coming 1?ETHUSDT, is facing a lot of resistance.
The red line shows the resistance is very strong
The current PA has double resistance now
We also found an old flipped key level which is @ 760 which was never tested before and also its on 0.618 fib scale.
This support will give a quick scalp long to 900-1000
So we will see
Short-long
DOGECOING: Dead cat bounce? Wow! What a year for meme-coins similar to Dogecoin? (expand chart for better view)
DOGE has done a 93% collapse. Some (not me) will be saying, ' it can't go much lower '.
It's now in gamblers' territory - and I expect gamblers to wade into the ' kill or be killed zone' !
So yes - two things are very possible:
1 - An immediate dead cat bounce over the next few days to weeks.
2 - Or a total collapse, from where we could get the real 'dead cat bounce'.
Folks are lining up, I imagine. I'm not one of them.
Avoid gambling please. Heavy losses could be involved.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Wanting to Short Stocks? [CAUTION]A time like this is when it is most interesting to look at charts that serve as indicators to the broader market.. such as the good ol VIX as we see here on the chart.
The VIX, which quantifies the volatility level of the S&P500 on a chart, has been a beautiful gauge on the overall markets temperature on being short heavily one way vs being long heavily the other.
When I first introduced this chart almost a year ago now on August 1st, I pointed out how traders on average just believe that buying and holding good stocks are a good idea ALL the time.. this chart shows there are periods where this is simply not the case.
There are downturns which can last way longer than an average trader's ability to remain solvent and this will always be the case.
So, with that being said, in my previous introduction of this the VIX was showing that we were in a trader's market. This was the time last year when people were still fairly optimistic about stocks due to the tremendous and seemingly invincible growth of tech companies over the last decade. The VIX, however, was showing that this was not an ideal time to be a holder in this market but more so a trader. Meaning trade quick swings and get out.
Fast forward, and notice from August of that time last year to now, there has been an overall trend going upward into our area of highest volatility. The overall trend for weeks and months were illustrating an upward and impending trend into a period of high volatility.
And today, according to this current weekly candle that closes tomorrow, we are seeing that the volatility is in an area where volume-based selling usually declines.
The signal to confirm this would be multiple weekly candles closing back below our take profit area for shorts and ultimately back into our trade zone that we were in last year.
And that last paragraph may just be the most important paragraph in this entire post.
At MINIMUM, 2 things must occur:
1. The trend on the chart must be broken on the weekly.
2. The VIX must break back into the Trade zone.
Only then can we begin to get "optimistic" about stocks becoming bullish again.
In the meantime, the volatility chart is now showing that we are in all time high territory. In order for the price to continue going down in a way that makes it actually profitable for a short seller, the bears will have to move mountains.
This does not mean that prices cannot go further down in the immediate short term. It does mean however that we are close to a peak in market volatility according to this charts overall history.
Keep in mind that this is also not a signal to start longing either. The volatility is still in very high areas and you roll the dice as a gambler would when jumping in choppy waters such as these.
This is a time for smart short sellers to take profit after seeing this setup months ago. New shorts would only be providing exit liquidity so be careful.
In all, keep an eye on this and lets see if in the coming months the volatility dies off and things become somewhat boring until the 4th quarter rolls around. If this happens, a move back into our golden buy and hold zone could be on the horizon!
Bullish Divergence vs Bearish Flag on BitcoinCurrently, EMA21 appears as resistance in the 4-hour timeframe. The Bear Flag formation we are in also carries the targets further down.
However, although the positive dissonance in the Relative Strength Index correlation gives us hope, the trend formed for the RSI is a harbinger of probing the lower band within the channel.
Also, another negative indicator is that the Stochastic Relative Strength Index is blinking down from the tops.
SHOOTINGSTAR CANDLE IS GOOD WAY TO SHORT ETH. JAPANESE homageWell, high tide followed by low tide, followed by high tide...
The market always in motion - it is , as Japanese say 'A floating world'
A pin-bar top candle is aptly named Shooting Star in Japanese candle formations.
As we owe the invention of candles themselves to the Japanese, and specifically the shooting star, it brings Japanese ideas of the world.
Such as the EPHEMERAL state of everything , including prices.
Beautiful art.
The term Ukio-e translates as "picture of the floating world".
en.wikipedia.org
Be flexible the way of the water
u
Bitcoin Stands Above Sirat BridgeAs you can see, we are in the falling channel form in the weekly timeframe and we have reached the support point of this current channel. We also polled wma200, which has served as a trend changer for the bear market for years, although we are currently below this moving average, I hope to close the week above it.
On a weekly basis, our Relative Strength Index value appears to be at historical lows.
If we break this channel and even if there is a candle closing in the weekly timeframe under wma200; I do not think that the figures such as $13,500, which is currently spoken in the society, will hold the price, and I predict that we will go to the minimum $6,500-$9,000 range.
In a possible reaction rally, I think the price target we can reach is the wolfie resistance area of the current channel.
We can see serious candlesticks under wma200, this is normal, but we should never, ever close weekly candles below this moving average.
Bitcoin SV fractal is clear! (Apple)What is up Trading-View! Welcome to a very key and very hidden BitcoinSV fractal.
IF you want to change your life forever PAY ATTENTION to this fractal.
Fractals are extremely powerful, Technically speaking both Elliott Waves, and Market Cycles only occur because of the fractal psychology inherent in human behavior.
Correctly understand fractals and you understand how to be a great investor.
Stay profitable.
BTC LOGARITHIMIC CHART EXT./RETRACEMENTExtension/Part 2 of my BTC's Logarithmic Chart. Looking at past retracement pattern we see btc retraces 30-40% after every bull market, so if we follow that btc's bottom will be 20k or more, but for that we might need a push back upwards, above the 70k range, around 80k which can be possible if we get a reversal from this current consolidating range, but keeping the macro economic conditions in place a 50% or more retracement is quite possible
StoneCo (STNE) following exactly: Wall street Cheat sheet Hello Traders / Investors
Seems like Wall st. Cheat sheet is CORRECT. Sad for me I realized it too late and missed some profits in last weeks.
Considering my DXY Elliot Wave coun, my expectation is another drop of STNE price where wave C will be 1.618 of A = Price around 5.5 USD. (Best place to buy some shares + Also watch Konvergence of RSI on 1D/1W TF).
ritholtz.com
Learning every day.
Trade safe, take care and enjoy the ride.
Trade of the Week: 2nd Position GBPCHFAfter noticing strong HTF resistance level, and LTF ascending trend line downside break I called this trade ( previous analysis linked down below), and much to my own surprise the trade hit take profit in just one impulsive 4H bearish candle.... Nice Catch.
If u want to join in the fishing next week I suggest u subscribe and drop a like..I will really appreciate it , thanks guys, couldn't do it without God and you guys...
New Rising Channel for BitcoinCurrently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of logarithmic scales and weekly timeframes show that we are at the bottom, there is clearly a need for a sharp decrease so that we can see a sharp reaction rise. We still have not reached the goal of the bear flag formation in the big picture, and moreover, there is another bear flag that we can see in the small picture, confirming the goal of the other one.
BTCUSDT what is coming?Hello Birdies, long time no see.. Let's get started.
BTC is accumulating in a range making everyone confuse where we are headed only scalpers are enjoying right now.
Chart Breakdown
Purple tags points for heavy short.
Bold red line the major short line from Daily Chart which is intersecting two strong lines on H2 chart as well.
Greenline is bullzone which they are defending since 11th May.
So if we fall below greenzone we will instantly see 25-26 first and then within a couple of days 21k.
But before that we are expecting a correction rally which is by fib I am expecting 0.38 which is 31, 765 and our purple tag is also pointing there which is 31, 489 and as stoploss hunting it may reach 32, 327.
The real corrective retracement should be upto 0.795 or 0.786 which is 36k and 37k respectively.
But IMHO we are seeing 22k first no relief rally happening. And extremely sorry to all the moon boys again.