What I see on the daily chart is not good for Bitcoins price or current trend, TA WISE THE UPTREND IS OFFICIALLY BROKEN! This is not advice, but my point of view on the current market. Securing profits is an important factor you should do without any doubt.
Currently we have several bearish signals : - a great wave of Wolfe , bearish - a very clear bearish MACD divergence - a strong resistance area around $60K - a regular increase in institutional short positions (COT report) - a significant drop in volumes - a huge bearish RSI divergence in weekly - a MACD bearish cross in weekly - regulations and taxes are in...
The bear market is just beginning ...
Currently we can observe several bearish signals on Bitcoin: - a great wave of Wolfe, bearish - a very clear bearish MACD divergence - a strong resistance zone around $60K - a regular increase in institutional short positions (COT report) - a significant drop in volumes - a huge bearish RSI divergence in weekly - a weekly MACD bearish cross If a sharp decline...
Previous tops characterized by parabolic surge with extreme overbought RSI (arrows). This is the Third Drive; expect another parabolic blowout, followed by an extreme Bearish reaction. This final move will complete a Nenstar pattern and likely usher in a Bear Market for 2021. A measured move from 3230 -> 3630 of 400 pips, extended to upper TL formed by previous...
I've been waiting for today to arrive as the Q2 GDP print is in and was ugly as expected. The awful number reported (a -32.9% collapse) was expected but I'm looking for some "trigger" that might change the market mood and I've suspected the GDP number could be it. Seeing the worst GDP decline on record, even worse than during The Great Depression, might be a...
Netflix has come to what I like to call a fork on the road. If Netflix does not break over $363 and breaks over the top trend line on this chart we might see a reversal in price that can take it all the way down to $77 on a large (WXY) correction as shown on the chart above. It has finished the (X) wave up and it is currently one the (b) wave of the (abc) wave of...
WTI Crude oil looks weak AF here not even making any sort of bounce to try and keep up with the dead cat happening in the rest of the markets. I have Bids on HAL placed at $1.22 I think my bids get filled as not much keeping oil up around the $20 level. Another leg down in oil to the $10 level give or take will absolutely wreck the stock market. Trade safe fam.
Kraft/Heinz looks about ready to blow out of this massive falling wedge. Kinda has me thinking stock markets maybe done crashing because the wedge bottom line just lines up so perfectly. If KHC has in fact bottomed here it could be putting in a big move up probably 200% move up
Sorry guys the last Dow Jones update TF was off I think more like this..
Here is my thoughts, looks like 16k Dow will be the bottom unless we get an overthrow which is possible.
Maybe we are goimg for another dip at resistance line. Or possibly even better below $7777 for a new 3 Month Low. Stop Loss : $1830
Hello Friends , just like previous posts I published. BTC is in a bearish mode and will remain so unless we are able to retest the upper resistance (marked on chart) and have a break through, otherwise BTC is heading south towards LL and LH. We have a decline in volume since this years ATH and there are several bearish patterns that have formed on various time...
Now that the indexes have broken out of the last major down channel (drawn in blue), the 200 day moving average (in purple) is the next major resistance. The S&P 500 has failed to hold above the 200 DMA three times since Oct 2018. Holding above the 200 DMA is the real test of being in a bull market or not--bull markets hold over the 200 DMA for extended periods...
Credit markets have gone crazy... history repeats itself. Look at this insane surge for the junk bond market.
Germany the 4th largest economy is about to go into a recession, UK collapsing on the face of the Brexit, France government at the edge of destruction, Italy is bankrupt, Greece is bankrupt, China could very well be in a recession as we speak, Venezuela is in turmoil, Honduras, Guatemala, Argentina and many other south American countries are bankrupt. The USA now...