Currently at the channel midpoint. would be reasonable to assume the midpoint breaks and we test he bottom or do something similar to march 2020. target on downside would be 510.
For over a year i have been posting charts on why i think the stock market is going to crash over 80%. I've posted charts for a while talking about how the stock market will top out at 36k and well, so far it looks like im right. we have seen the stock market top out/consolidate around the 36k level. i think this consolidation should be a warning to all. right...
market crash is around the corner. fed rate hikes half a point at a time not even slowly cause they can't, taper almost finished, selling of the balance sheet. Bought a lot 40 calls october expiry when vix was at 20 because when this thing moons i will pocket 1400%. It's not complicated but ppl that buy puts everytime it moons will go broke why? Well vix is making...
Above is a chart of the S&P 500 since 1950 (adjusted in Log). The yellow line represents the mean (average) price. It is well known that price naturally gravitates towards the mean, always! Notice how the price of the S&P 500 has not had a significant drop below the mean, since the early 1980's. It had a brief stint below trend, during the 2008 financial...
Green Arrows show when price increases beyond midpoint of the band, it started a significant decline in the market. As of today, it hasn't shown that yet Red Arrows Show that during those times of market "correction(2000,2007,2008,2018,2020) it exceeded the ATR lows to show a warning sign. Market usually corrects after this, institutions take profit on the...
Hello fellow traders, Please check out my analysis of QQQ, I go over different possibilities of a market correction; how far down the market can go, and where to look for bounces. I also dive a bit into why we are seeing this type of price action. Take a listen and let me know what you think
Yeah, bruh. That's a top without funny money to help the pump. Watch for a 30% fall from the highs into buy zone #1. This would officially make this a crash but there is nothing saying it will stop there. This is just a technical zone. Follow me on Twitter for more. Or don't. I don't care.
A brief rundown of my thought analysis. A brief rundown of my thought analysis. I am working from the run up starting in March 2020. Starting the first touch on the parallel channel on 28th September through to 19th July 2020 (2) and running that channel up to point (1) at around 60k gave me the trend to work with. Since peaking at 70k we have now dropped to...
Bearish Divergence was building up this week, and today it finally started diverging to the down side. I would wait till the divergence dies on the daily before going long.
$APPS went through a 50% correction from the last high and even closed the gap from august 31st. If we see a bounce in the tech market I would think that $APPS might perform very well. This is NOT a longterm hold and investment at the moment, just a swing trade, so strict profit taking is advised! Buy In: Now Stop Loss: we literally pick the bottom here, so the...
from 50k to 40k now to 30k, what's next for bitcoin? 15k?
The Bitcoin's price is currently trading in the range of $ 48,000 after falling today to the range of 42K by activating Buy pending orders (Buy Limit) in these ranges with 15% growth ... We expect market fears to diminish and emotional selling and falling prices decreases by tomorrow . If the price closes above 49K tonight, it can then grow to 51K in the form of...
A thanksgiving not exactly calm, that of 2021, ruined by a really black Friday on the financial markets. Omicron, the name of the new variant, is frightening. We know that markets are driven by two main feelings, fear and euphoria. A nd it is my, our job, as traders, to stay away from both of these feelings, which do nothing but make us lose money and do the...
Well, Bitcoin could not close above 60K last night with the closing of the weekly candle and then started to fall, now if we model the previous wave, we see that the price may fall to the specified range on the chart by breaking its dynamic support. (Range 52 to 54K) If this support is lost, the price could drop as low as $ 47,700. BTC Price Live Data The live...
You just have to look at the indicators to know that there are important divergences, we are talking about time in weeks, in addition to the extreme euphoria that is right now in the markets, it may continue to rise, but you know, if something bad can happen, it will happen , Murphy's law. if someone hate ill love it , ill love u. Obviusly in 10 years it will be...
With multiple market crashes incoming, btc has been in a constant up trend and bubble since day 1. Classic rising wedge and developing a M at the top to indicate breakdown of the pattern which will lead to break out. Remember distance of fall is usually the same distance of the back of the triangle pattern from original high and low. Inidicates a 99.5% drop at least
The QQQ fund is looking pretty bearish here, continually making lower lows on the shorter timeframes. Today we saw rejection out of an important resistance area and also asserted ourselves below the ichimoku cloud. I am targeting the $340 dollar zone for this move, as that is the previous resistance and the 50% retracement. Good Luck!
The BIG question is whether Bitcoin crashes with a Stock Market Crash, in particular the Tech Stocks. We have an interesting chart here with the SQQQ (Bear ETF on the QQQ's) compared to the BTC price on Bitstamp. There appears to be a correlation that has been showing since May in that BTC has been basing and now breaking out to the upside. The SQQQ has been...