I just opened a short position at current price. I will add if price tests the $24.8 resistance level and is rejected. Important to see a rejection before adding another short position.
May will be bloody. we topped today one retest of this high on fed day and it's over. following .com fractal with same gaps and structure. both have triple tops
The VIX is the volatility index of the SP500. Generally, it trends up during bearish times and trends down during bullish ones. In the past, the VIX has always spiked up during a market bottom. Looking at the chart, we can see that the VIX has not spiked up yet and formed a bottom like it has done in the past. We only have ~30 years of VIX data, but it has...
The recent failure of First Republic Bank highlights the problems facing the US banking system. These problems include the continued increase of delinquency rates on Credit cards, Commercial Real Estate & Automobiles, as well as a decrease of commercial bank deposits and M2 money supply (-4.2% YoY). These problems, among others, are causing banking institutions to...
The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the...
The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the...
Same for bitcoin .. if you still have money in profits GET OUT! Do not hold it ; secure your profits that you had made and buy again until we reach the true bottom. The Feds has confirmed that the mild recession is coming in the end of 2023; do your thing and be prepared. The markets will keep crashing until the true bottom is in; it will take 2 full years for...
I have broken it into 2 parts. Part 1 – we can associate it with the sequence then. Part 2 – we can take reference as the situation unfolds. Part 1 - 1929 sequence that seems familiar today: a) Crisis triggered by several factors b) Stocks rose rapidly c) Chain reaction of events d) Bank had invested heavily e) Bank failed Part 2 - As it continued in...
Too many bear patterns, the only thing that is preventing the price to crash is the strong trendline. I'm not sure if is going to hold, I have a short position but I will close it out at the bottom of the bear flag. In this market I prefer to wait until the support is broken.
next few months are going to be a blood bath. no bottom short term bottom until July when the fed pauses and by then BTC will have reached 11-8k
In supplementation to my most recent chart, "In bitcoin we trust" I wanted to make my point even more clear by adding the Fed Balance Sheet. As you can see, it has been and always was the Fed pumping every asset. March 2020, the Balance Sheet exploded higher, as did stocks and bitcoin/crypto market. Prepare for anything because they're on to something. This just...
Crash has begun one more retest of 30k with an LPSY and it's over goodluck
GME didn't moon (from previous post), clearly. Really bad option chain setup for any real runs still. IV looking tragic still, but we all know the market will be taking that 2nd leg down soon so I can't see GME going up in the near term. GME is super illiquid still. Market is taking a turn down finally. My target is $17.5. Current I have ITM CCs between 17.5 -...
I am currently preparing a deep analysis, but it is taking some time, and the market is plummeting. So many indicators and consequences to articulate. I will release it tonight or tomorrow morning. Suffice to say, it does not look good. Even MOSES is starting to be bearish. The market is like the famous quote from Shrek "I am a Donkey on the edge". If you want...
It has been an amazing 2020/21 in the markets, stimulus, free money, memes, crypto, NFTs, a 142% Nasdaq 100 rise from March 16, 2020, to Nov 29, 2021. I have traded through 3 major crashes, 2000, 2007, 2020. I can now hear the gentle popping of bubbles through charts. How? I have developed indicators and backtested systems with TradingView to tell me when they...
For those of us old enough to remember the glorious movie, The Godfather III, there is a thrilling scene where Michael Corleone (Al Pacino) explains... “Just when I thought I was out, they pull me back in.” You are Don Corleone in this market. You are positive; you are by default a bull; you want the market to go up. You have fear of missing out (FOMO) if the...
Hello Traders! Welcome back to another trade with analyst Aadil1000x. Today we are shorting atom because of the Reversal pattern at peak. Atom Short Now @ 12.591 Stoploss 12.998(-3.17%) Target 1, 11.966(+5.02%) Final Target 11.313(+10.17%) Don't forget to hit the like button and follow to stay connected.
Hello All, As we can see Facebook (Meta) has sold off almost 50%. On a fear and greed chart, we would be entering the fear stage which is now presenting us with good long-term buying opportunities. In the chart we labeled three areas to start Dollar Cost Averaging back into Facebook (META). In the first area, we would allocate the smallest portion while the...