Warning Signs for BTC short term drop!Bitcoin is showing some Strong reversal signs for at least short-term drop.
Let's look at all those points that might be pointing towards a pullback or short-term drop for BTC -
1) Shooting Star or Inverted Hammer on Weekly of Bitcoin and on same time Bitcoin went up with decreasing and low volume which is VERY WORRISOME :-
2) Head & Shoulder on Hourly :-
3) Potential Completion of Wave 1 in Bull case for BTC :-
4) Potentially Irregular running flat or maybe Expanded flat possibility for Bitcoin :-
5) 10 Years Yields might be looking bullish for at least short term and might be going upto 2.4/2.5 and touch highs of downward channel :-
6) US Dollar also looking somewhat bullish for short term :-
7) Big Money doesn't have good reasons to buy Bitcoin at high levels.
8) This is Earnings season for market and especially this week has big companies earnings so you never what might happen.
I am creating this post to raise some points that might be valid for bear case for Bitcoin for short term. Feel Free to share your thoughts in the comment section below.
However, I would love to be wrong as i am long as well for long term and would love if Bitcoin continue it's Bullish run as it would be better for all of us.
In the end, stay safe. And Enjoy everyone.
Shortterm
AAPL 10/29 Weekly Options PlayDescription:
Price is meeting that broken-down upward sloping trendline established through July and August, as well as the daily supply zone @ 150.
Looking for swift reaction to close this position early next week.
Put Debit Spread
Levels on Chart
Entry on close < 150
SL >150
TGT - 143
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
10/29 148P
SELL
10/29 143P
Earnings next week is a risk factor.
Long put is ATM for max success rate.
Short put is at the target price for max profit potential.
A little correction on Bitcoin?We can see that Bitcoin is experiencing some downward pressure and that support has been broken for now. Are we going to make further correction and find the zone around $53500 or still a zone lower. It would not be bad after the long bullish trend. Let's catch our breath and look for new buyers. Let's go!
A short-term bullish set-up in APL APOLLONSE:APLAPOLLO
The stock has taken support on the support trendline and looks to have started a bullish trend.
One can enter for a swing opportunity at CMP.
Target 1 in the previous swing high of 982.
Target 2 is the resistance trendline.
Target 3 is 1193 which is Fib retracement line.
keep a trailing SL below the support trendline.
Happy Trading.
Can the tesla fall and by how much???Let's try to see where Tesla's price can drop to. Now the important point is that if there are no more buyers and the price goes over a thousand, then the nearest pivot point according to Fibo, will be 918.5.
For now, we stay out of the market and watch. If you short, then very carefully.
It is better to put a limit order)
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Weekend target of 56k possible for an ABC correctionThere looks to be a high possibility that bitcoin is currently in an ABC correction coming down from the current ATH.
As shown, A ended at ~59.5k with a 5 wave correction down and now we are an ABC correction (shown in green) for a larger B correction up.
I think from here bitcoin will fall back to the 61k region with a bounce to 64k to complete the B wave.
Note: A break of 59.5k would invalidate this and we would have to say Wave C down has begun with Wave B ending at 63.7k and have to find new potential targets and Wave counts.
Then after, 5 waves down to complete the C wave which shown by an estimation of a 1 to 1 retrace puts it near 56.5k.
As to the timing I use parabolic curves (I have found to be good at finding reversals) for the B wave ending on the 4H chart:
For the ending C wave:
This also suggests that it may drop to around 56k as there is a strong potential for support here as shown by the green horizontal line drawn in.
I would say most likely a bounce will happen in this area as long as it follows this path.
There currently is hidden bullish divergence on the 4H RSI which I believe to be playing out now and also a hidden bull is showing on the daily.
I believe for the daily RSI though there is potential to be a stronger hidden bull that will occur following this ABC correction
Yellow - Current Hidden Bullish Divergence
Green - Potential Hidden Bullish Divergence at the end of Wave C
To invalidate this being an ABC correction, or to say it already completed, it will need to break the current ATH, then I will need to reassess as to where the new target may be.
As to what this means overall for bitcoin I will wait and see as to what happens next.
If this is a B wave we're currently in I will like to see where it ends first. After that it would be more accurate to figure out where Wave C would end and then determine what count we are starting on the larger time frames (Weekly and up).
I will post more ideas to this and more about the idea of still seeing a new ATH in the near future and what the potential target(s) may be.
***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***
Set To Fall NKE is set to fall immediately, I have placed a large position to put NKE.
Technicals to look at:
Divergence+ gives a sell signal & their signals have not failed me in the past. I have been a long term customer and the profits I have made from these signals have paid for the subscription the remainder of my life. These signals are based on RSI & divergence. I am sponsored by @marketscripters so please message them for info on a low cost subscription that can help you make better trade decisions.
The MACD also shows weakening bullish divergence & growing bearish divergence
Guth 3x Confirm also has 2 very strong sell signals
My plan is to buy Puts for $155 a share Expiring 10.22.21 at the open of todays trading session and scalp a 5-75% profit based on this drop
Follow for more charts like this
Short term bearish opportunity Nice potential H&S pattern lining up on 1HR. Need a break and retest of the neckline to confirm.
Would look to short on the neckline break and retest using a fib extension 1.272 target.
Could easily be a 2:1 RR depending on your stop placement.
MACD Divergence
Wave 5 completion (depends how you read the count)
Good RR
Clear H&S Pattern
TATAMotors ShortTerm Trade & Long+Mid Term Investing OpportunityStock broke down in the previous triangle pattern due to news regarding chip deficit and is nearing the strong support zone around 285 RS. It may find support and undergo a reversal rally within the current prize channel or breakdown causing further crash. Brokerage Houses around the world are bullish on the stock. Stock is good for traders to enter or for long term investors to enter as this price acts as a strong support zone preventing further downside with upward potential.
Enter The Stock after confirming support around RS 280-290.
Target Price - RS 338-355 (Near the Resistance for *Traders*) (*Investors* Can Hold on to the stock without exiting the trade for medium to long term investments)
Stop Loss - RS 260-250 supported by strong support and 200 EMA below (For *Traders*)
Risk Reward Ratio for Traders - 2:1
DYOR before taking action. No Trade can be 100% Successful. Position Sizing Is Important.
Also note for investors - This is not a Investment recommendation. It is just a good price level to add up stocks or newly invest into TATA Motors due to technical situation of the stock.
SHIB Smart PlaysHere’s my insights on how I’m playing $SHIB, meme coins can be even more profitable with proper analysis and not just wishful hodling.
SHIB/USDT has been keeping consolidation patterns and is currently in consolidation right now. Volumes still in the billions and social media presence is still buzzing. Analysis report is remaining in BUY.
SHIB has been steadily spiking and dropping about 20%-30% and then repeating the process for the past couple of days. All stats are still pointing at another spike, and then opportunities to short.
I’m currently holding 1 futures contract on SHIB (long) and holding a bag of about 10M (to pull after potential next spike). Then the next drop I can open short futures contracts and keep repeating this process until the pattern breaks. Following this allows profits to be obtained in both directions