The 200 SMA dynamic support lines up with the middle of the pitchfork and demand zone. Very high probability trade setup IMO.
Small companies are going to fail due to this pandemic sweeping out the rug and causing a crash of biblical proportions... Looking to get short soon investers BE VERY CAREFUL!!!
Uncertainty will cause a minor drop. But things should pick back up as long as D.J.T stays president. This is how I'm looking to play things if you disagree let me know why I'd love to hear from you. This is a MACRO trend analysis so I'm leaving some room for breaking news and price action.
I think we will have one more leg up at least before the election. If you find this useful please leave a like I would appreciate it :)
This is how I see things playing out. I wanted to post this as a challenge to my T.A skills I have been doing this for quite some time and feel pretty confident in my work. Let me know if u agree or disagree and why I'm open for discussion and critique.
For the past 9 years the S&P 500 has not been able to live outside of this channel for long, eventually it's pulled back inside like a metal to a magnet. Zooming out and viewing from a macro scale I would say we are going to revisit the channel soon possibly after the next leg up around the election or shortly after..
It's a dollar story guys, and right now the hero is up against a super villain...
This one is pretty black and white or green and purple in this case lol Show me the chart I'll tell you the news.... Lately I been trying to master 2 indicators S/R Zones and Tend-lines lets make this money $$$
Just looking at the technicals not accounting for fed money this sucker looks ready to drop...
This is going to be a massive/fast move down. All the moon boys will panic because they have been primed for a $100 000 coin by their favorite YouTubers. Also, I'm expecting the CME Futures gap at around $9700 - $9800 to fill.
This is my setup I figured I would share.
This would make complete sense with a rising DXY and a financial market pullback. I'm not saying this is going to happen but to me, it seems very possible and if we do get a break in market structure it will become probable IMO and I will be playing this to the downside. I'm still not sold on this being the bull market yet I have been saying this since March 2019.
I'm really starting to understand the ebb and flow of markets and how they affect each other. It took about 3 and a half years of adding analysis from DXY, SPX, Gold, Silver, Treasury Bonds, the list goes on... I see this Gap getting filled at around 9700-9800 and I'm still not sold on this bull market yet. I know the moonboys are gonna say but we broke a...
This is just for my own record if you find it useful leave a like :)
In the back of my mind, I keep hearing the financial big wigs like CME Groups Leo Melamed saying "We will regulate, make bitcoin not wild, nor wilder. We'll tame it into a regular type instrument of trade with rules."
If BTC pushes out of this splash zone we are going to rip up IMO My target is $13,878 if it breaks my trend line and resistance box. There is very little overhead resistance so this is something I'm watching closely.