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WHERE I THINK BTC GONE MARKED BOTTOM! Around 14k by march 2023! I have also taken in mind that the feds gonna increase rashes. On the chart we got increasing volume and thats really bad. Falling wedge pattern, but i want to see a new touch on the support and resistance line to increase my bias for this pattern. In the my on chain analysis i think 14k is a huge support for btc and where both my technical and on chain -analysis match each other. (Made this one to look back in march 2023 and see if I called the bear marked bottom or not lol(:)
Short
by malmsteen23
3
ETH hot our taget buy zoneAs per previous call We have hit our consolidation target. My order didnt feel by a few dollars, so i bought a smaller position when we broke out of 2 minute falling wedge. I will take profit at ~1650 just to be safe. Now the reason for the bounce here: - RS zone 1550-1600 hit - W 8 EMA being retested for the first time - 0382 D Fibs from june lows - Oversold on all timeframes up to 6HR first time since june-july lows Can we bounce to 1725 RS zone? I am expecting at least a relief rally, which is happening right now. But for a longer/swing term picture we need to see what next week brings for the BTC and for the wider stock market. So far the market is acting completely normal and was due a consolidation due to a massive run in the last 30 days or so. We have a few support zones for SP500 a bit lower down at ~4100 and ~3900 zones and we need to get a feel how the market behaves there. We need to be thinking bullish right now and look where to buy. Only if we start smashing the support levels like they are nothing, with increasing bear volume, and head back to the lows quick then we need to worry and start thinking about new lows. until then we have bull goggles on and look for nice dips. If we head lower in the next few hours I will be adding more to my position/scaling in for a bounce keep in mind this is the weekend so there will be way less volume and could be more fakeouts as per usual weekend action GL and control you emotions
Long
by Anunakii
ETH broke down 26D uptrend, will there be a followthru????!!!I went against my no shorting rule and took a small position last night when we rejected from 1960 with a large wick on 4HR. This is what usually happens - the price fakeouts with a bull break only to quickly go down and trap anyone who was playing a bull breakout. So I decided to take a small short position for shits n giggles. Thats where i put my stop - a Hard stop so I have a known acceptable loss if i am wrong. Reasons for going more downside here: -Weekly 21 EMA resistance -Broke down from 36Days long uptrend line! -D RSI trendline broke down! -Nasty 4HR wick rejection! -Need for Weekly to consolidate after 131% run from the 880 low -Weekly RSI trendline resistance -RS zone in 2000 area where we broke down from last time in June and some paper hands will be selling breakeven Consolidation targets: -D fibs of 0382 lining up with D RS at around 1600-1550 levels - there is another support zone at about 1700, but im thinking we have a small bounce there and head a bit lower. Either way will be monitoring daily and watching for any adjustments that need to be made right now we are testing 4HR 8EMA resistance. Lets see if bears hold it - it has been acting resistance for last 2 days So far there isnt a bear followthru. But lets see how it pans out over next few days. Gl Everyone and make sure to protect your bankroll, cheers
Short
by Anunakii
2
Observations on Technical Verses Fundamental Analysis:Trend Following and Growth Investing In Technical Analysis (TA), trend following is the equivalent of growth investing in Fundamental Analysis (FA). Further, in TA, mean reversion analysis ("overbought" and "oversold") is the equivalent of valuation ("overvalued" & "undervalued") in FA. In both trend following and growth investing, the focus is on finding the best trends (price in TA, revenues in FA), without regard to "value". Therefore, a trend follower will hold onto a trending stock, regardless of how "overbought" it gets, much like a growth investor will hold onto a growth stock, regardless of how "overvalued" it gets. Conversely, a mean reversion investor will buy stocks that are very "oversold" relative to some anchor, such as the 200-day average or 52-week high, regardless of the direction of the trend, while a value manager will buy stocks that are "undervalued" relative to some anchor, such as earnings or book value, regardless of current fundamental performance. In other words, both mean reversion and value investors are making the case that the trends (price or earnings) have simply gone too far and are unjustified. Understandably, we can see why trend following and mean reversion don't "work" at the same time, just as growth and value don't "work" at the same time. In the end, the line in the sand between TA and FA is ego. A pure TA investor accepts the verdict of the market in terms of what it deems fundamentally "attractive" visa vie the existence of either a positive price trend in a timeframe that is driven by fundamental trends (as opposed to short term trends and noise) or a magnitude of "oversold" momentum that overlaps with historical valuation measures. A FA investor, on the other hand, invests perhaps hundreds of hours developing a personal opinion of what is "attractive", and often finds him/herself at odds with the market's verdict. Since we can never make money until the market agrees with us, we can see then how a more holistic investor who has the wisdom to unite the strengths of trend following with growth investing (or mean reversion with value investing) is better off than those who use only one of those inputs. By leaning on trend, a growth investor will know when the market agrees with his/her painstakingly curated fundamental view, particularly when things are changing, most importantly from good to bad. Behavioral bias may prevent a growth investor from seeing the change in fundamentals that is being depicted by the change in price trend. Indeed, it is in this very moment (former highflying, expensive growth stock that breaks price trend in a meaningful timeframe) when "overbought and overvalued" conditions finally start to matter. David Lundgren, CMT CFA Chief Market Strategist Co-Host "Fill the Gap" podcast Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
Editors' picks
AMEX:IWYEducation
by CMT_Association
13
ETHEREUM Hit the TOP of Wedge!Alright so I was right and I was wrong Right - Nosterdamus type call here :) Wrong - However I did say we need to breakdown - bears needed followthru which they didnt get. Bulls held on, made it a support. Then CPI numbers came in and pumped the whole market, SP500, NASDAQ, and BTC. Anyway, now I am just a making note to myself that this is definitely the time for waiting. No Swing bull entries as we have hit - the rising wedge resistance on 4HR - hit double top at ~1920 - Weekly Resistance of this area goes back to Feb, March, May, June, July 2021 as well as recently May-June of 2022 - Lots of action - RS area - Weekly RSI trendline resistance! - Weekly 21 EMA resistance! - Weekly 0382 Fibs retracement! - dead cat bounce territory - 2k psychological resistance level Jeez as i stack up all these resistances, the shorting opportunity seems to be amazing. Too bad I do not short as a rule. But this is where heaps and heaps of shorters will be opening up their positions. Including big money that move the markets. So going long here is suicide for the bankroll. Unless of course a HUUUUUGE amount of bull volume comes in and smashes everything. We should be setting a Weekly Lower high. For me I may do some short term, 5 minute chart flips, like maybe buying a first 5min, 15min, 1HR OS bounces. but that's it. This is time for waiting and at least looking for Daily Higher Low to form - anywhere above 1650. I will also put a small buy at ~1590 level as it has some nice support there for a swing trade for now. GL everyone, Protect your bankrolls
by Anunakii
2
ETH breaking down!!!???Bulls have to hold here or we going lower as we - break the uptrendline on 4HR - This Up trendline has been holding for 28 DAYS so its a notable breakdown. - Also Triangle on D RSI is being tested and bulls need to hold. Otherwise it is bearish divergence that is playing out starting from 22 days ago Some may say this is a great entry point as we are at the support, but not for me. We are too far at the end of the rising wedge and a break can happen at any moment. As a Rule I do not buy support when the structure is close to it's end because the breakdown can be very violent. Right now we are oversold on the 1HR so we may go sideways for a bit to cool off the RSI I dont short, so I will just wait this one out. WE did hit 1800 which is in a congested area / resistance from before. ETH has some drama with the merge/fork coming up next month approx. 16th September. The question is will we pump or dump in the expectation. Pump because: a) The POS merge will make inflation of ETH like 4-8 times less - huge cut (BTC halvening always result in bull markets) Dump because: a) The staked ethereum can finally be unlocked and sold on the market 4HR PIC may be better for view s3.tradingview.com GL. Stay safe and protect your bankroll
by Anunakii
11
BTC Saturday Analysis Over this week BTCUSDTPERP showed us it is ready to test higher levels. Uptrend A reveals a clear definition of price increase on the daily chart followed by uptrend B that was created two days ago by supporting a daily level, this latter movement is a strong indicator BTCUSDTPERP is getting Bids even if we have yet to test lower levels like $18600. The market created uptrend C confirming that the support created before in uptrend B was strong indicator of BTCUSDTPERP pushing to break its current range. This uptrend C was created as a support and if it stabilizes this could mean a push and towards the polarity zone and breakout. The polarity zone kept getting tested over these last few days and with its confirmed uptrend A . Downtrend D is a very strong and resilient level that if the market is able to push and break this level in conjunction of breaking the polarity zone we will see targets up top get tested fueled by a breakout.
Long
by doomsignal
ETH - we got what we wanted, nowOk so we got our entry. I have a small position that I took because i was in bed, going to sleep so I took the position on my phone. Now lets see if we can get to the top trendline resistance of about 1800. We got 2 resistance zones to punch thru as shown on the chart with the rectangular boxes. So far the double bottom on 1 HR and the bull volume off it looks good. Lets see how it plays out. Needs a cool off at least on the smaller time frames as it entered the first resistance box. Target 1800. Lets go
Long
by Anunakii
ETH possible trade coming upWe want to retry the trade few hours ago that didnt happen due to Pelosi mini pump Rising wedge support trendline on 4HR with top resistance at about 1900. Could give us 15-20% trade. Test of trendline + 0.5 Fibs + Consolidation sideways- expected + 4HR RSI support trendline test Bulls looking to maintain D higher lows uptrend. We are wrong if we breakdown the trendline with volume and continue lower. Likely to retest 1400 levels So if we get in (scale in), put a stoploss and take the profits on the way up for protection. Plan for the unexpected. Plan for being wrong.
Long
by Anunakii
1
LONG SOL if you can find entrySorry I tried to post this when I started this trade. It is too late unless you want to wait for a pullback an attempt entry. This is looking good but have already taken some profits because I don't trust these markets. Again, sorry for being to late I got pulled away before I could post this. Still maybe you can find a safe entry but be very careful please. In this market you never know could come back to entry to try to stop out trades or pickup liquidity. -NFA quickly done, rough but idea is there.
Long
by Z3R0-G3N3S1S
2
Shorting DG I opened a short position in DG this morning and am sharing my basic plan. To me this seems obvious. DG is a value store though and if this is truly a recession, which I am not convinced of, would be the only reason this trade fails. Like anything manage risk but this seems obvious to me. Am adding more if it goes higher. Use SL you feel comfortable with. Just give it some room though. This is in serious need of correction. Sorry this is a bit rushed but wanted to get it out as fast as possible.
NYSE:DGShort
by Z3R0-G3N3S1S
2
$TSLA Analysis, Key Levels, and Targets - REQUEST$TSLA Analysis, Key Levels, and Targets I just want to say that I do not trade TSLA. This is for my good friend @rock1986 MacD is one of the best momentum indicators… and on the weekly timeframe it does not support a move above the W35EMA. Not yet. I’m not saying that it can’t, but it’s not likely. LOL… @rock1986… I hope that at this point, you’ve followed my charts long enough that I hope you know what I’m saying without the need for me to explain…. Lots of targets for you, and for me as well…. If you have any questions let me know… the addition of the bear flag was your idea… (and it would justify target 3) —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NASDAQ:TSLAShort
by SPYder_QQQueen_Trading
5
AMR, Strong bearish candle below 143 triggers a safe short entryAMR MAY offer a fresh chance for opening a short position ! Stock has recently lost 50 day moving average which now acts as strong resistance . Stock struggled 4 days to take this previous support back and was not successful at all . AMR also, lost the last low ( marked by arrow ) which is a sign of trend reversal . In addition, It has completed the pull back to both lost low ( related resistance has been shown as a horizontal red line) and 50 days moving average. Only remaining condition for opening a safe short position is a strong bearish candle below the cluster of candles shown by a circle. Stop loss can be a bullish candle above mentioned cluster and 50 days moving average. First target is around 104 and second target is around 70 therefore Reward/Risk ratio is extremely high . I myself took higher risk and already opened a short position by using Elliott waves in Hourly time frame which can be reasonable considering market condition and sentiment however, more safe entry condition is explained above. Hope this to be useful and wish you huge profits.
NYSE:AMRShort
by SaeedSajedi
21