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Stocks Selloff, Cling to Lower Levels in the 4600's4729, but this level seemed prohibitive for stocks, and we sold off from there slicing through 4693 with ease, but finding support at 4649. We made a brief attempt at a pivot, but 4668 is proving to be an obstacle as a red triangle on the KRI has confirmed resistance here. The Kovach OBV has dropped off notably into bearish territory, but is starting to level off. We will need to see more momentum here before we can test the 4700's again. If so, the next target is 4729 again. If the bear rout continues, then we should have support from 4632, but after that, we have a vacuum zone down to 4580, which has provided support during the sharp selloff on the 10th, and is likely to continue to hold.
FX:SPX500Long
by quantguy
1
All the relevant levels on TSMTSM is the most significant and more relevant chip manufacturer in the world. Probably you have one of these chips in the computer you are using right now or maybe in your car. With all that said, let's take a look at the most important levels on the current chart. * Yesterday (13/01/2021), TSM made a new all-time high (ATH) after 307 days of corrections inside a flag pattern and a decline of 24.33% * Flag patterns are continuation structures; this means that after the breakouts, we tend to observe new impulsive movements in the same direction as the previous one. What we will do now is explain possible bullish and bearish resolutions based on the levels we have: BULLISH SCENARIO: The price has 3 levels we can use to consider closing positions: First fibo extension, cloned channel, second fibo extension (useful for swing and position traders). Assuming the price replicates the previous impulse that started in April 2020 and finished in February 2021, we should expect a movement of 330 days towards 204 (where the 2nd fibo extension and the cloned channel converge). Remember that when you are looking for big and extended movements you need to be open to corrections during your trade or investment (for example, on key levels) BEARISH SCENARIO: The price is not able to surpass the resistance zone created by the previous ATH, and from here we observe a bearish movement towards the next target we have, "The ascending trendline) at around 119 Thanks for reading! feel free to add your ideas on the comments ;) Have a great weekend.
NYSE:TSM
by ThinkingAntsOk
3
The Satoshi Prophecy Will be fulfilledA few weeks ago I posted the TA Satoshi Prophecy , check it out below . In that TA i laid out my entire thesis on why the top will be May 2022 and how we are still in a bull market. Nothing has changed since since December 12th 2021 since i published that TA , my timing on that chart was off but everything else is still intact for now. After everything I have discovered the last few days I'm even more confident that we will push forward onwards and upwards. Just check out these four TAs below that backup my prediction even more. As you can see we are repeating the same fractal as the October 2020 breakout with both nearly perfect mirror fractals on the weekly and daily. Price will start to increase in momentum 10th of January 2022 and the Bull market momentum will be in full swing starting 17th of February 2022 and ending June 2022 latest. Cycle Peak zone would be sometime Late April 2022 to early June 2022 I have been going over this idea for a long time now check out below . Even though the TA above was published June 21st 2021 the idea of a cycle top of May 2022 is something I have been thinking about as far back as April 2021 after the last Chainlink Fib time count , read the Satoshi Prophecy above to understand that part. So there is a clear line in the sand for me there is no other level of support under the Marco 8/1 Gann Fan if we break the Marco 8/1 Gann and close a daily or weekly under its over , that would be the signal for me that a bear market has began. There is no "other" level of support in my eyes , I have added a smaller inverted 8/1 Gann which so far has had hree amazing reactions so thought I would add it . So everything setting up the stage for an amazing run don't be fooled by these small 1-5% moves , the only thing that is not bullish is the Global leverage ratio which is at all time high but from the data this last year all time high leverage does not equal to a drop in price take a look at the picture below with this link ibb.co , in July in fact leverage dropped and price went up. Also, on chain data shows wallets older than 7-10 years are not selling either , so apart from those two things lingering slightly bearish everything looks fine.
COINBASE:BTCUSDLong
by Sporia
8
Breakout Soon for Stocks??Stocks have gained some steam as the markets are graadually digesting the Fed and inflation. We have hit our price target of 4729, and broken above this level briefly to test the next level of resistance at 4763. We saw some red triangles on the KRI just below this level confirming that is an upper bound for now. We appear to be consolidating around 4729, which suggests that stocks are gearing up for their next move. Watch the momentum toward open. If we are able to sustain another rally, then 4763 is the level to watch as the S&P attempts to claw back highs. We should have plenty of support from below in the event of a retracement, with 4693, 4668, and 4649 the first levels to provide support in the 4600 handle.
FX:SPX500Long
by quantguy
4
Relevant level on StarbucksToday, we will share the current situation we observe on SBUX. Let's start: After making a new ATH from December 2020, we observed a continuation of that bullish movement until July 2021. From there, the price has been correcting. Currently, it's on a 17.82% decline (175 days) The shape of the correction can be categorized into a flag pattern here; you can see a template on what I mean by this. Based on this, you can see that when we cloned the main descending trendline on the lower zone of the structure, we can create a level to pay attention to. That level converges with the previous resistance zone on the top of Jul 2019 then mutate to work as a support level. Alright, the conclusion here is: the zone between 98.00 and 100.00 may be a relevant bouncing level. This may be useful for short-term traders, scalpers, etc... As my main style is swing trading, this is not a situation where I can start developing setups; however, it's a place worth paying attention to from a technical perspective. IN case the price breaks that level without problem, we should start looking for other zones below that may become supports (for example, 94.00) Thanks for reading!
NASDAQ:SBUX
by ThinkingAntsOk
7
Stocks Edge Up After Pricing in the FedStocks have edged up after the markets are gradually digesting a more hawkish Fed. We have seen good support from 4580, and a strong pivot from that level, and have blasted up to regain the 4700 handle. Currently, we are testing 4729, the first level in the 4700 handle from below. A red triangle on the KRI is confirming some resistance there. We will need to wait until the open to determine if we have enough steam in the tank to press higher. If so, the next level is 4763, which is the lower bound of the range the S&P 500 near highs. This was the range from which we broke down after ranging for several days. The final target remains 4821, the upper bound of the range, which must be broken before we can consider making new highs again. There are several levels below to provide support including 4693, 4668, 4649, and 4632. These should provide support but if they do not hold, then 4580 should serve as a floor for now.
FX:SPX500Long
by quantguy
Litecoin Rally 3.0 (Bear or bull?)Litecoin is pretty much in the same spot as Bitcoin , in a descending wedge but at least with LTC we also have bottom support with the 4/1 Gann which is making the lower part of this descending wedge pattern. There is a Fib time on the 24th of Jan 2022 that could play out to lines up with the end of that wedge but I doubt we will grind down to the tip of the wedge . Sometime in the next 14 days we will find out if LTC starts its bear market we already can count this price action unfortunately creating a lower low for the daily which is not good at all.
COINBASE:LTCUSD
by Sporia
3
The Power Of Blue Fibonacci LogThroughout the history of Bitcoin there has been one fib log that holds the key to parabolic moves and that is the blue Fibonacci log. Underestimating this Fib log on a Bitcoin uptrend is a grave mistake as you can see every time Bitcoin is on a macro uptrend and bounces off the blue Fib log it triggers massive momentum. This is why now its most important to take notice where we are now and what is happening , we bounced off this log July 2021 and ran all the way up to 70k and right now we bounced off yet again holding as support for now. As a bonus check out the reaction in 2019 when we bounced off it .
INDEX:BTCUSDLong
by Sporia
10
How can I use this trading template? Today I will share a template that may be really helpful to understand some key concepts: First concept: Only look for setups IF the price has reached a major level. In this example, we can see a bearish movement that has reached a weekly level. Why is this relevant? Because if we are working with relevant levels that had worked in the past, we increase the chances of being right regarding an expected movement. Alright, does this mean that I should buy there? ABSOLUTELY NOT; let's go to the second concept Second concept: Once the price has reached a major level, wait for confirmations. Waiting for confirmations means that we have other levels to pay attention to that may provide us solid insights regarding what the price may do next; in this case, we have a descending trendline. A bearish trendline tells us this: Below the line, assume the bearish trend continues; above the line, assume that a possible change in direction may happen. Cool, now is time to buy, right? ABSOLUTELY NOT; let's go to the third concept Third concept: After the breakout of a major structure, WAIT for a correction Most of the time, we will tend to observe a correction after a big structure breakout. That type of behavior can be understood on this template after the breakout. There is a correction happening that we will generally be able to define inner waves; in this case, we have an ABC pattern. Corrections are our final confirmation before engaging with a setup. The position where we tend to observe corrections are in the following places: On the edge of the broken structure / Above the broken structure / On the first minor level after the breakout. Great information! Can I trade now? Yes, now we can define our setup, which takes us to the next concept. Fourth concept: After waiting for several confirmations, we can think about developing setups on the breakout of the corrective pattern (entering above B tends to be an excellent entry-level). Stop loss should always go BELOW C or, in other words, below the last local support zone. Take profit levels can be defined using the next relevant level we may have; these are not the minor levels; I'm speaking the next resistance zone with the same hierarchy as the support we started thinking on bullish opportunities. Fifth concept: This is a template mainly for Swing traders; that's why I wanted to show what to expect in the process between our execution and the take profit level. We may see one or multiple corrections on the way, most of them happening on minor levels. Of course, real trading is much more complex than this, but templates are a good way of understanding concepts and seeing how we can apply this to real market conditions. Another important item I want to highlight is that this type of system tends to have a win rate of around 50%. If we only engage with setups that provide a risk to reward ratio higher or equal than 2, then that's all you need to become profitable. Thanks for reading; if you have any doubts, drop them in the comments, and feel free to share your opinion on this.
OANDA:XAUUSDEducation
by ThinkingAntsOk
7
Stocks Selloff, Quickly Regain Value AreaStocks faced a steep selloff yesterday, sailing through the vacuum zone below the 4600's, to find support exactly at our level at 4580. From there, we caught a nice pivot back to value in the 4600's. This is a strong sign for bulls who were hoping to see a bottom in stocks soon. The fact that it was bought up so quickly, suggests we are trying to establish value in the 4600's. Once all the Fed hike and inflation data has been absorbed into the markets, then we are in a position to seek highs again. Currently, we are testing 4693, the last level in the 4600's, but a red triangle on the KRI is suggesting we are meeting resistance. The Kovach OBV is still pretty flat and hugging lows, but if we get another wave of buying, we could easily solidify the 4700's again, with 4729 and 4763 the next targets.
FX:SPX500Long
by quantguy
2017 vs 2022 (Part 2)Expending on the previous TA . Market structure same as MId cycle 2017 : 2017 40% pullback Lower High Descending Wedge Bounce off Fib log 2022 40% pullback Descending Wedge Bounce off Fib log As of this moment technically still a lower high with the last swing closing at 40700 (Yellow Circle) , at the moment no daily close under 41000 so for now we still have a lower higher. Pretty amazing that the 2017 cycle before entering the last phase of the bull-run created a descending wedge pattern with a 40% pullback a mirror of what is it going on right now . Its obvious that the are cycles lengthening but what part of the cycle is actually lengthening? It could be that the mid cycle pause each bullrun has is lengthening because the run up from October 2020 to January 2021 was in fact faster than the 2017 run so is it possible that just this mid cycle period lengthens this whole pattern in 2017 took 160 days to play out and now we are at day 350 with this pattern double the time so far. If this is the case , it is possible that the last phase be just as parabolic as October 2020 or even more than the last phase of 2017. If we do reverse here and start the last phase it will be extremely short burst of massive momentum peaking sometime May 2022
INDEX:BTCUSDLong
by Sporia
4
Stocks Hug Lows Ahead of Key DataStocks are establishing value near lows. We saw a brief attempt at higher levels, notably 4729, but several red triangles on the KRI confirmed resistance there. Subsequently, we have pushed lower with 4668 as the next level to provide support. We are holding a narrow range at the the moment between this level and 4693. We appear to be forming a bear flag or other consolidation pattern. The Kovach OBV is still quite bearish, so we could see another push lower, to test 4649, 4632, or 4580. If we catch a bid, then 4729 is the level to watch. We have inflation data and more comments from Fed's Powell today, so this could be a driver either way.
FX:SPX500
by quantguy
2
Relevant levels on NIO + Explanation.Today, we will look at the relevant levels of NIO and what we can expect from them. The first thing is defining the current context: a) The price is making a corrective formation (defined by the support zone and the descending trendline) b) The current drawdown is 59% c) The current duration of the drawdown is 365 days. From where we are right now. Which are the next relevant levels for bullish and bearish scenarios? Bearish Scenario: Currently, the price is below the support zone. IF we don't observe bullish movements above 32 / 33 in the short term, the price may drop towards the next support/resistance zone at 14.00, which means an 80% drawdown. Bullish Scenario: Assuming the price is able to move above 32 / 33, we may observe a reaction on the descending trendline. That would be a short-term bullish target. However, observing a breakout of the descending trendline could be a positive sign for position traders. It's important to say that when we have the breakout of structures of this size, it is normal to observe some corrections/throwbacks before new massive movements start. Thanks for reading! Feel free to share your view in the comments.
NYSE:NIO
by ThinkingAntsOk
All Cycles Are ConnectedAfter going through hundreds of hours of Bitcoins history and past cycles I now believe that the most important cycle to look at is the 2019/2020 period. Call this period whatever you want but the fact is we are repeating the pattern so closely one can not ignore it. Going over the 2013 and 2017 cycle would have given you some insight into movement but nowhere near the accuracy as the 2019/2020 run. So how does this cycle compare to the rest? well it might not look the same but all the past cycles are connected to this one in some way. Below you can see a pattern on the monthly chart from 2013 as you can see it played out nearly the same until November 2021. Also we have something similar from the 2017 bullrun , below you can see a bar pattern from January 2017 if you overlay that from day to day starting January 2021 you can see we repeated similar movement during the bullrun , even the Mid cycle bottom happened nearly at the same time. So we have a monthly Marco Fib log pattern from 2013 that played out , we had a daily candle pattern from 2017 and now we have the same Money flow index pattern playing out from 2019/2020. So when someone saids this is not like other cycles I would have to disagree with that and say this cycle is all past cycles combined together, there is no simple answer to that question as I have shown you here we have gotten something from each cycle so now the question is what's next? It is undeniable that this Money flow Pattern on the weekly is a mirror fractal from the 2019/2020 period , you can call that period a bear market or an accumulation phase but the fact is if this pattern plays out we will continue the bull run. The green and red numbers indicate fear and green numbers check it out here : www.lookintobitcoin.com As you can see we at the same fear range as the marked yellow circle and also its important to note the “43” marked in yellow that fear number is when we triggered max momentum. Shortly after the covid crash there was a pullback in price that caused this pattern on the MFI(Yellow circle ) it was exactly 13.46% pullback that created this “W'' pattern ,you can’t see it in Heikin Candles but if you zoom in on japanese candlesticks it's there. So at this moment in the exact same time as the fractal in 2020 we have had 14.23% pullback with this weekly candle (closes tonight) . It's very interesting that we have had pretty much the same pullback percentage as 2020 so if this pattern does indeed play out the MFI should mark a flat reading to start forming a “W” pattern , we will find out in 24hours and post an update below. Lastly it took about the same time for that entire fractal to play out 350days and a possible timeframe when we could breakout of this triangle pattern on the MFI would be Mid February 2022
COINBASE:BTCUSDLong
by Sporia
10
Bull Market Over?The green boxes are Greed and the Red boxes are fear. These are the readings we have had all year a lot of ups and downs but the overall structure is still technically up . The moment we close a daily or a weekly under the last swing low which was 40900 (yellow Circle) I will turn bearish . Right now Fear is at 10 basically Covid crash lows but what is more interesting is that the descending wedge pattern has not come to a conclusion . Also i have always had this Gann Fan on one of my charts starting bottom of the covid crash and top in May 2021 and it seems we have finally touched it with a good reaction so for closing above it inside the descending wedge . So if we hold this area 185k by May 2022 and if we don't then I have no idea where we going and my thesis will go out the window and I will have to conclude that I was wrong about everything and go back to the drawing board.
INDEX:BTCUSD
by Sporia
5
Why we Shouldn't Get Hopeful on Stocks... Just YetStocks are ranging at lows, after crashing down to the 4700's from highs in the 4800's. Sharp choppy trading established the current range between 4668 and 4729. Long wicks have tested the lows of this range, and the upper wicks seemed to make and attempt to break out, but a cluster of red triangles on the KRI has confirmed steep resistance at 4729. The Kovach OBV is still abysmally bearish, and does not seem to be showing signs of equilibrating (bottoming out). This could indicate oversold conditions and the fact that we may be in for an attempt at a relief rally. If so, we must break 4729, then the next level is 4763. The next level down is 4649 if we sell off further.
FX:SPX500
by quantguy
$GME JAN PUMP starts next Monday!oh hello hello hello there my fellow GME CHADS! I expected price action to be flat (-/+5%) the past two weeks, and i still think that is possible if we have another up day tomorrow. I originally anticipated the start of the Jan Bull Cycle to begin on 1/10 and nothing has changed that! If anything, the aggressive shorting made me even more bullish for the PUMP!!! Remember buying fear is the way to go and right now the bears and MM are tryna install a lot of fear in us GME CHADS but as GME Diamond Hands CHADS we dont sell or get fearful, we buy the dips!!! This was a wonderful dip for me as i loaded up on some $160 calls that are gonna turn into lambos after this GME JAN PUMP!!! Buy your moon tickets now CHADS and remember the shorts never closed!!! NFT MARKETPLACE, 0.5$ puts exp soon, DRS!!! Lots to be excited for this coming year my friends.
NYSE:GMELong
by FibTriangleWavesForDayz
2
Stocks Plunge on Hawkish FedStocks have taken a sharp dip downward on hawkish fed minutes. We have blasted through 4729, but have found support around 4700, after testing the next level down at 4693. Dedicated readers should have been prepared for these levels. The Kovach OBV has dipped sharply, but does appear to be bottoming out, suggesting that we may be attempting to establish value around current levels. With soaring yields and higher interest rates, it is difficult to justify another run for highs, but if we do make an attempt, 4729 and 4763 are the next targets along the way. If the bleeding continues, then we will see support from a cluster of levels in the mid 4600's, then there is a vacuum zone down to 4580.
FX:SPX500
by quantguy
Best places to go long or short the RussellThe Russell is even cleaner than the Nasdaq. Two major buy / sell areas on the chart. So far the Russell has been playing the game of chop. Sweep the lows, sweep the highs and move in the other direction. The same way we had a failed breakout, we could get a failed break down. Best place to sell 2310-2360. Resistance/Gap combo and the real direction for now is down, so it is with the main trend. 2200 & 2080 are decent for short term trades. As we go down they are good for a bounce. If they get broken they are good to put shorts if the market bounces from lower. Best place to buy long term is 1980-2030. Extreme support combo with 1. Untested breakout / gap, 2. Key Bollinger bands, 3. 400 DMA
CME_MINI:RTY1!
by BitcoinMacro