TheSecretsOfTrading

TheSecretsOfTrading

This last squeeze before SPRING. 28-29k possible, but no further. Hope the publish didn't distort the chart too much from the image - if so, then readjust it manually.

TheSecretsOfTrading

We can see a really strong squeeze happening on Bitcoin . Some would prefer to say that banks are falling and investors are running into Crypto, others will say it's an artificial squeeze lead by 1B$ Bid from Binance. Either way the price now is in no man's land - back in the range, but has reached a strong trendline. So what's next? - SPX has reached my low...

TheSecretsOfTrading

Everything points 30, to say the least. Just watch it push until then. Reasons: Descending Wedge target Channel's Top Curve Longest period without VIX spikes up Fakeout to the downside - rejected breakout

TheSecretsOfTrading

4150 was my TOP area - and it has struggled to push further - We crossed this purple bottom curve and We formed a - as I like to call it - Church pattern top - Holding shorts until filling that bottom wick.

TheSecretsOfTrading

I know you will potentially judge me and think of me as of an extremist, but Both indicators and chart analysis show me a potential move downward from here. 25k is top, I have barely doubts about it. 20800 is my next stop before a pullback. Expecting a visit to 9k by September. Why I think so ? Inflation, although descending slowly, keeps descending. Which...

TheSecretsOfTrading

Price will continue declining until FOMC - my target is of 21500 area - Then FOMC should come out bullish and push prices up - back to local tops and possibly new local tops.

TheSecretsOfTrading

So this hasn't happened before. SPX has been moving in a similar way to 2000 and 2008 drop - and we can see that the tops and bottoms of the 2000's fractal ( orange ) are matching - we are in the process of creating a local double top - just like in 2000 - just before the drop. To confirm his - I realized SPX has been forming another really "popular" move, which...

TheSecretsOfTrading

What I expect to happen today - after climbinb back to around 23-23,5 - short ! Cheers!

TheSecretsOfTrading

So the waves on 4h are pretty clear - last time first wave retraces almost at 100%, then the 3rd wave retraced to 0,618 fib level, and shoot up to in between 1.618 and 2.618 fib level for wave 5. Now the waves we have now - first wave was almost fully retraced, third wave retraced to .0618 fib level aswell, and now we're in wave 5. Also the pattern reminds me of...

TheSecretsOfTrading

I'll just leave this here. We need to monitor if this support holds - if it does - looking forward for a retest of the last local top.

TheSecretsOfTrading

No matter how you put it - it fits perfectly - and this is a Daily fractal coming from NASDAQ (from mid 2018, so not the 2017-2018 actual crash).

TheSecretsOfTrading

How far will it retract? Based on this fractal that confirms my earlier assumptions of us going to 25-28k, it shows that this wave will break the created parabolic curve - and based on that - if we do so, we should aim for 18k area and possibly climb from there. Fomo for bears, fear for bulls. Max pain.

TheSecretsOfTrading

Some kind of bottom is in - what will happen next? At least a retracement should be in play - but will it break? Let's see the strength of the retracement.

TheSecretsOfTrading

Expect a small retracement but new year's and news's euphoria is driving it higher and higher - I expect both stocks and crypto fakeout to the upside and start going down around mid March - this is how it would look like. Good luck!

TheSecretsOfTrading

ETH is following this fractal just like a newborn follows its mom. Expecting a retest of this broken curve line and let's go for 2200 - Watch for these 2 resistance levels - But pivot will happen on either of those two.

TheSecretsOfTrading

Beautiful outperform of stocks - BTC recovered big time - Based on what I see on BTC happening next - I expect it to go retest this strong resistance (marked on the chart) before going down lower. It's crypto time for now, NEW YEAR's euphoria kicked in.

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This DXY fractal has been working greatly - I found it on the 5m chart and applied it on 4h - and it followed it for a long time. Now the thing you need to know about fractals - is that long candles like the one circled are vulnerable areas where the price tends to detach - we arrived there as you may see - and the price started retracing - It is likely that we...

TheSecretsOfTrading

VIX has broken this long-time curve line - This is very bullish for stocks right now - I expect a retest - but it is likely for VIX to spike down in a very short of time and bounce as fast up. The levels to watch are marked on the chart - observe SPX breakout aswell as it is ona resistance level for now.