according to all stocks situation and high volatility in average market, I personally, see a strong bear . BUT, according to its chart, I wont sell it short too.
For the first time in over 300 days, #spx broke above the 200d SMA and its downtrend pattern. The 50-day SMA has crossed over the 200-day SMA. After a long bear market, the current uncertainty in the market is quite natural. I expect this new little flag to even reach 4000 for a last kiss and then it can go up. The next barrier could be around 4300.
this one in #borsaIstanbul is showing a nice pattern. if you want not to be out of market for 100%. this one seems to be a reasonable risk. below the 1st resistance (all time high) the RRR > 2.3 then you can sell or, shift your SL to buy point and continue
the bear is now gone. the bull may start a correction bellow 4300 but I am now bullish. nothing else matters see my last analysis on SPX
bist100 can go down towards 3800-4000 not directly but in a channel.
according its patter , #spx500 can start a rally soon
I see a bad and a worse scenarios for SPX500 and I think the same will happen for crypto currencies'
in the best situation , bitcoin will be in a long term choppy movement. in this situation I am certainly out.
USDTRY is going to break its final barrier and make new historical highs
all parameter in weekly and monthly analyze of bitcoin price action warns to be out / i don't advice to short but I will be out watching the future
in spite this index has respected 100d SMA until now, meaningful divergence in RSI is visible in weekly time frame. there are a lot of leaders that are showing stage 3 and some of them are moving towards stage 4 (declining) no one can predict the market . but , a big collapse in BIST100 is possible. I don't sell(short selling) in this situation . But I am going...
we see 3 stages of price cycle. bitcoin classically is in stage 3 to 4 border. of course the 4th stage can be very small. anyway, the only stage to buy is stage 2
according historical researches, most bear markets have 3 legs . the duration of bear market is also confirming that, perhaps , two third of the bear market has been passed. personally, I am expecting that, bear market would be stopped near the zone of 3500-3600 this is the time, to analyze and book the best stocks and wait for market to arrive the last station.
U.S. NASDAQ has lost its 200 days SMA. according its price action , I think the correction will be finished when it drops at least more than 18% to reach its 200 weeks SMA , or it will be in a squeezing range situation for a long time , then 200 weeks SMA will come up to the price pattern. in this moment , I will be cash or invest very tiny.
1.break out of a 52W base 2. break out of 52W high + high volume 3- pullback to the broken resistance under lower volume 4. positive reaction and tennis ball effect to the resistance -note: -1: quarterly fundamental is not Great -2:low price stock and volatility potential
any healthy trend needs corrections. this new swing of #BIST100 is in a healthy uptrend until it holds its support zone of 2400
a rectangle base in a 18% volatility range during a period of 15 weeks. RS rate of 80% means this stock has been among the best 20% stocks of turkey stock market during last 12 months.(price behavior) very healthy volume/price action. break out of its base with a strong weekly candle and volume increasing.
last weekend correction in Turkey stock market was not only limited to the Indexes. all the market made a deep correction. overall market has lost its 10 days SMA. the next possible support zone can be 2300-2400 in BIST 100 that is a strong support and in coincidence with 20D SMA