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US100 you may want to check thisSo US100 hasn't even reached 0.618 fib level in this correction - it is literally fighting with support to reach there. The only time that price acted like this, has shown a further drop before relief - and that drop should reach 0. 618. Possibly CPI results could trigger it (imho CPI results could come out positive for markets, but the drop would be a flush of greedy longs). Relief until EOY and a beautiful beginning of 2023 + entry into recession. Cheers!
U
by TheSecretsOfTrading
4
VIX - Stocks Sentiment in preparation... for the ultimate drop. So we have broken the top curve - that is bad as hell already in itself. Additionally we retested it and have been trapped since then between the top descending trendline and the curve. What I expect to happen next is for VIX to consolidate ( or break to the upside and retest the trendline ) until EOY. Check my US100 idea to see what stocks predict in the meantime. As a reminder - VIX has never shown such sentiment "moves" as we have nowadays - but just once in the past - And that one time has been replayed perfectly so far - that's one of the reasons why I expect VIX to consolidate or even show slight signs of minor-relief for stocks until Christmas season. Cheers!
TVC:VIX
by TheSecretsOfTrading
BTCUSD - Multiple Fractals look!Two different fractals are now pointing down - and both of them agree on a consolidation period after the first fall. We need to sweep liquidity below this years low before we can move anywhere up. Targets remain subejctive and dependent of the market - One of the fractals shows a target of lower Daily FVG (9-10k), the other 14k - clear support. My Bear market bottom is $8k, so I don't think we're headed that low yet. Because of FED most likely pivoting (as it is happening now in other countries aswell) - we should bounce before cleaning those real lows. Cheers!
BINANCE:BTCUSD.PShort
by TheSecretsOfTrading
BTC/SPX - not ready yet !Bitcoin isn't yet ready to outperform stocks - specially with stock's bounce. This chart shows the why BTC kept in place while stocks bounced - a cross to the upside would really push the price, but it seems the confluence of resistance at this level is too strong - Very likely we will see another drop soon (here to retest the bottom again) - around or during the weekend when stocks will be sleeping. Keep monitoring it - if we don't break the bottom support - we will break out and have some relief after !
CRYPTOCAP:BTCShort
by TheSecretsOfTrading
BTC - a bit of retrospectionEvery correction (widely known as "bear market") of a parabolic BTC move ended up in a touch of the supporting curve - which is also flattening and bigger parabolic moves can now have bigger retracement periods. All of previous corrections (which happened during an on-going multimarket bubble growht!) have something in common - a support that finally got breached - since that moment - the price entered a consolidation period - for about 100 to max 300 days. A situation that hasn't occurred before was the covid crash, which looks like an excuse to form a bottom by touching that curve. This time we are far away from it - setting some kind of resistance on $18k area, but I have no doubt it will get breached - the only question is if we will go higher and then dump in a Covid 2020 way, or will we gradually bleed out until reaching the bottom - my personal bottomest bottom sits at $8-9k.
BNC:BLXShort
by TheSecretsOfTrading