The bear market rally soon is over. We most likely will drop to the 10s again.
Home Depot Inc Short Term - We look to Buy at 311 (stop at 301) A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. Horizontal support is seen at 310. Further upside is expected although we prefer to set longs at our bespoke support levels at 310, resulting in improved risk/reward. Our...
I am currently out of my longs a little bit shy of 24k as I am starting to see signs of weakness. Bearish divergencies are starting to form on low time frames, SPX on resistance, US100/US500 on resistance, Total Market Cap on resistance, BTC seems like it is about to form an SPF on the daily (and potentially on the weekly too if this keep going that way) In the...
Trading mid-caps and low caps (aka sh!t coins) is only a good strategy in a bull run for BTC and ETH. But here are some notes on things to look into for the next bull run to keep yourself busy. Understand how they work and how they plan to provide value to make money. DO NOT BUY RIGHT NOW! RESEARCH! Curve finance ecosystem Ape coin (bitcoin of gaming crypto) ($20...
Looks like a double top formation. I expect this to test 80s soon and then collapse to covid lows.
Just sold market on retreat to test the breakout zone from the triangle. . .looks like it was bear market rally?
Similar to January 2019, we're due for a technical correction and bear market rally. We're riding the resistance bounds of short term gains, and now that it's opportune for market markers to turn the viewpoint of the crowd bullish again, it seems like shorts are now the crowded move and perhaps the wrong move. Long-term momentum should remain bearish (white line...
Advanced Micro Devices Short Term - We look to Buy at 76.98 (stop at 72.75) The primary trend remains bearish. We are assessed to be in a corrective mode higher. The daily chart technicals suggests further upside before the downtrend returns. Trend line support is located at 76.00. Dip buying offers good risk/reward. Our profit targets will be 90.00 and...
Hey all! It seems like my idea (posted 3 weeks ago) about a potential relief rally is coming to fruition (with a bit of a delay). I'll keep this analysis quick and simple by giving you all the possible resistances and where I believe the bear market bottom is. Here we go: Red lines: The red lines are all my price targets for this relief rally. I give emphasis on...
I suspect a short term but potentially strong bear market rally up to resistance levels and volume profile nodes (yellow areas, with points of control being the broken yellow lines). Short term momentum indicators are oversold, but most importantly we seem to have found support on a major support line, which has acted as support throughout this bear market. Break...
19,500 looks to be a critical level on bitcoin that needs to hold on daily and weekly closes. Below that, i can see us testing 13,500 and potentially as low as 6.5k. If the 19.5 level holds, it's entirely possible that we consolidate between 19.5 and 27k until mid August before making the next big move
IMO the most likely path is the one highlighted in red. But something I've noticed is that there has been a lot of impulsive buying recently which has led to those big green candles. I personally dont have any position in this rn, so i want it to go down because I wanna go long on this. Although there is plenty of impulsive buying (and the market seems to be in...
Bars fit pretty neatly, eh? Just a notion. Wouldn't bet the farm on this countertrend move. Get high enough to stop out bears for loss then plunge. Fibo at 4300 probably be the end of this bearmarket rally. Might get higher, might not. Prior rallies in Jan, Mar failed. This will too imo. Gamblers' Game; Vicious beast.
Today's bearish daily was confirmation that the rally was just but bear market rally and I expect further downside before the 'bottom'. Targeting the 3600 zone...from there Il asses again. The R on this trade is 2.9.
From the last post, I updated it on 20th may, that it looked like a bear market rally was about to take place, which was a correct call. the target for the bear market rally is set to about 13200 and 13600. This is approximately an increase of 15 pct. and 18 pct. respectively. These levels should spark a euphoric feeling in traders, where everybody starts to...
BTCUSDT short continues. All we have to do is hold shorts till the local support. A pullbacck will occurs from that and then the market shall fall from this consolidation, so-called bearflag on intraday timeframes. Down is the way on the road of a bearmarket. Put your money in risk in small pullback on the mid location between supply and demand will ruins your...
BTCUSDT has made a retest to peak of the channel, local supply zone. Now we can see a potential double top. The target remains the same for a 2-D zigzag swing downward. This pattern will be confirmed if price action breaks the neckline in the 50% Fibonacci retracement level.
Price action has been rejected from 88.6% - 78.6% range, 15M overbought. Ttarget at 14.6% of Fibonacci retracement (28.7k). Why 14.6% (.146) and 88.6% (.886) are important levels on Fibonacci retracement? The 14.6 Fibonacci ratio, wich has a high mean of assertivity, is mirroned by 88.6, which has become an important entry level and stop loss in the market. 88.6...