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Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
BINANCEUS:LINKUSD
by Brother-Doug
Elliott Wave Analysis: Natural Gas Confirms Temporary TopHello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place. From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five waves, we can expect a three-wave A-B-C reversal, so with current five-wave drop from the highs, seems like Natgas is now slowing down within a higher degree (A)-(B)-(C) correction. Well, wave (A) seems to be completed now, so we may now see a three-wave A-B-C corrective rally in wave (B) that can retest 7-8 resistance area and form a nice Head&Shoulders pattern before we will see another sell-off for wave (C). Happy trading! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NYMEX:NG1!
by ew-forecast
3
Expected Key Points ES/SPX 11 May 2022ES/SPX 12 May 2022 The current implied volatility is at 32.6%/year So that converted into daily is 2.05% The opening of today was 3939 So based on that our channel is going to be compressed within TOP 4020 BOT 3860 with a probability chance of 86.9% based on the last 1049 candles From volume point, current POC is around 3930, so I believe initially the 3.9k will sustain/bounce initially, but if the poc is becoming lower and lower, then we can expect to enter within 3.8k area From fundamental point, today we have PPI and initial jobless claims releases and these mark a huge volatility moment At the same time the current values are expected to be bearish.
CME_MINI:ES1!
by exlux
Expected Key Points ETH 11 May 2022ETH 11 May 2022 The current implied volatility is at 81.61%/year So that converted into daily is 5.14% The opening price was on 30970 So based on that our TOP 2460 BOT 2220 This channel has a 82.4% change to sustain based on the last 290 candles At the same time with 80.3% we can affirm that the price is going to be above TOP 2377 BOT 2303 From fundamental point, today we have CPI release and this marks a huge volatility moment From volume point, current POC is around 2375 We can expect now with close to 65% that the market is going to end up between TOP 2375-2460 BOT 2305-2220
INDEX:ETHUSD
by exlux
What if this time isn't different? A 2 year scenario projecting the financial crisis of 2008-2009 into the future Chart (W, LOG): Stocks: The averaged futures for SPX, NAS and DJ were weighted so that a 1 point change will imply the same change in $ terms. (For weights see www.barchart.com 200MA, 50MA, and 21MA Today's price and date: at the intersection of the cross. Financial crisis: Purple box on the left Implied scenario: Purple box on the right. Left edge starts 10/5/2022 ("Today" .. for the next 10 min) Methodology: The scenario is a scaled up copy of the box at 2008-2009. It is stretched to fit the current price, and it's 3 MA's. For simplicity the price / time aspect ratio was preserved. Criteria for 'best fit' (using IEI ) were the absolute level and curvature of the 3 MA's. In other words, the distance between the MA's, their slopes, and the speed each slope was changing. Main Implications: The scenario implies a crash (ripped from Feb 2009) beyond the March, 2020 COVID low, as far as the highs of 2015. This is after the end of QE, when Greece went into default and the Yen was devalued overnight . "Bottom" of the implied crash is one year from today (10/5/2022). Notes: 1. IEI : I eyeballed it 2. Gann would not be happy and the result could be different on a RENKO or equivalent treatment of time (a great follow up idea) 3. The night the Yen was devalued I held positions in gold in bond futures (GC and ZB). I have used stops without exceptions from that day on. best graphics:
CME_MINI:ES1!
by gb50k
3
Key points Short BTC 09 May 2022Current expected movement from IV = 3.4% At the same tim we estimate with a 85.7% confidence that the volatility for today is going to be below 3.67% for this the market will stay within TOP 35300 BOT 32750 All of this being calculated with the opening value candle of today or yesterday close daily candle From the funding rate point of view, the shorts have to pay the funding fee to the long positions, giving us the idea that there are currently more shorts than long in the market( bearish ) From the fundamental point of view we have not big volatility news today With all of this in mind, we can try a scalp entry for today with the next setup stop loss 1: 34000 or the opening price stop loss 2: 35000 expected top for today take profit 1: 33000 take profit 2: 32750 expected bot for today
INDEX:BTCUSDShort
by exlux
Weekly Prediction 9-13 May GoogleGoogle 9 - 13 May The weekly VXGOG-> Volatility Index for Google Implied = 40.95 In this we have to standard it for weekly session 40.95 / sqrt(52-> 52 weeks in a year) = 5.68% My historical product is telling me with 1x coficient that the expected movement for this week E Volatility = 41.19 / sqrt(52) = 5.71% With this data, from my calculations, when EV > VIX, there were a 83.3% chance that the market stay within the bottom and top created with the ranged from the E Vol So for next week this range for us is going to be TOP - 2447 BOT - 2183
NASDAQ:GOOGL
by exlux
Elliott Wave Analysis: AUDJPY May Have Found The TopHello traders! Today we will talk about AUDJPY pair in which we see a completed Elliott wave five-wave bullish cycle and potential top formation after recent break below strong trendline. In Elliott wave theory, we always have to expect a minimum three-wave reversal after a completed five-wave cycle. We are now observing a minimum three-wave A/1-B/2-C/3 decline, where wave C or 3 can be already in play. The main reason why AUDJPY could be turning down is strong support on US bonds and also still bearish looking stocks in current risk-off sentiment. A positively correlated SP500 is just about to break Feburary 2022 lows, which can easily send AUDJPY pair lower, at least towards 88 area for wave C, if not even down to 85 area for wave 3. Trade well! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
Elliott Wave Intraday Analysis: GBPJPY Confirms Top In PlaceHello traders! Today we we will talk about GBPJPY and XXXJPY pairs in general, in which we see pretty interesting price action and clear wave structure. As you can see most of XXX/JPY pairs are turning sharply down and the main reason is a recovery on 10Y US treasury notes. We decided to share GBPJPY chart that is turning sharply and impulsively down, clearly within a five-wave bearish cycle which in Elliott Wave theory suggests a top, at least temporary one. Five-wave cycle from the highs can be actually approaching the end and this is barely first leg A/1 from the highs. In Elliott Wave theory, after every five waves, we can expect an a-b-c pullback, so be aware of bounce and recovery around important Fibonacci cluster target area and 160.0 psychological level. If that will be the case, then this would be an indication for an Elliott wave a-b-c corrective rally into a wave B/2 that can retest 163-165 resistance area before we will see a bearish continuation for wave C/3. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
1
Top and bottom prices with dates for Bitcoin - based on pastThis is my analysis for long term Bitcoin prices. In my opinion Bitcoin is very highly manipulated and the price will be be driven down in 2022 only to be pumped again after the next halving event. At this point Bitcoin is a wealth generating scheme that rewards those who buy low and sell high or just hodl and takes from fools who buy the top during a media driven frenzy. This model is based on time periods and % changes in price of last 2 "cycles" of highs and lows. Did you know that from the lowest price value after the 2013 BTC top, so in January 2015 till the highest price in December 2017 (19k) past 1064 days ? Guess how many days past from bottom of bear market in 2018 till top in 2021. 1064 days. Coincidence?
BITSTAMP:BTCUSD
by polishjake
2
O (Realty Income Corporation) - Bearish Multiple Top - DailyO (Realty Income Corporation) stock price has reached a two-year, all-time-high resistance zone of $72.56. If resistance holds strong, the stock price could pullback over time to test support below. O (realty income corporation) reports earnings on 05/04/2022. Entry (short): $71.56 Profit Target +4% (exit): $68.59 Stop Loss -2% (exit): $72.91 Utilize stop loss, position sizing, risk management. Note: XLRE real estate ETF has also begun to pullback on a daily chart. All content is Not financial advice. Trade at your own risk.
NYSE:OShort
by NoFomoCharts
Bitcoin – bulls are weakHello, everyone! I am waiting for retest of trendline 1 to go short, but bulls are so weak because we are not seeing the buying activity at $39-40k. It means that BTC will probably reach the trendline 2 before the significant bounce. The Bitcoin price broke through the last point of support – 0.78 Fibonacci level. It means that we are in the downward impulse, not correction. As a result I am not expect the prices above $48000 in next 2 months with almost 100% probability. What is next? I am going to try to open long position at the trendline 2 with the purpose to take the bounce to retest trendline 1 and short the BTC after that. Good luck! DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.
by Skyrexio
4
Pi Cycle Top Elongations Circled demonstrating lower highsPi Cycle Top Elongations Circled demonstrating potential lower Pi Cycle highs; such a prediction puts in worst bear case scenario a wick down to $28k for Bitcoin; however strong upwards support occurs in the overall upwards linear trend in February 2022; we reached a bottom of this pi cycle's market until the halving of 2024 and the 16 months prior and post-halving. Any candlestick closes below this level would be potentially devastating for price action and potentially break the linear logarithmic scale to which we have abided by until now. My impression/prediction is that of the Founder/CEO of MicroStrategy; that we will always move our currency to a stronger currency; and the holy grail of all known currencies is that of blockchain. Exponential 100x from here! Cheers! Shout out to the future; from your 8 year younger self! It'll at least be on their conscious for not listening; not mine =).
BITSTAMP:BTCUSDLong
by EMJ123
1