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Crash!!!!!

$469-71 short to $400 METAI dowse stocks and indexes... Like, with a pendulum. It's very interesting & has kept me hooked because things sometimes work out. Anyway, my dowsing was bringing my attention to META today, so I did a reading on it. The chart shows the basics, and I ask twice if I'm missing anything, and I literally get the "black swan/crash" option... TWICE! This is definitely unusual and it claims this occurs 5 days from now, which is next Wednesday, (coincidentally) Fed day. I've said all year they will not lower rates, so maybe the market finally has a tantrum about it. Whatever it is though, I have META topping out around here and I definitely feel this is a back the truck up moment (for me, not saying for you!) after an insane rally. META could definitely go a bit higher because lots of times I get just the next high, like high of the day, and the next day it goes higher (& I get annoyed). But it seems like even if that happens, the downside will more than make up for a little heat. Target could go down to $395, but anywhere around $400 is good profit from here. I have a date of 8/12, or maybe 14th, as a possible low on indexes & NVDA, so thinking META falls in there as well. I will have ideas posted on them too with some other "woowoo" details if you're into that. Be careful and good luck!
NASDAQ:METAShort
by JenRz
Gold (XAUUSD): Bearish Signals Hint at Possible Drop to $1000!Upon examining the monthly gold chart, it appears there could be a significant price drop, a secondary scenario in our analysis. We don't foresee a 50% decrease in the near future, though it's not impossible, especially if the market downturn affects all sectors, including gold. It's crucial to consider all possibilities due to market unpredictability, even a drop to $1000 per ounce. This view is backed by a bearish RSI divergence since 1966 and signs that we might be completing the first 5-wave cycle, which could reach up to $3000 per ounce but should not exceed this level. Currently, the apparent breakout seems to be a fake-out. Surpassing $3000 would mean our analysis underestimates the bullish potential. Elliott Wave Theory suggests Wave 5 might break out from the trendline formed by Waves 1 and 3, create a fake-out, then sharply decline, aligning with our secondary scenario for gold. We plan to further explore and outline our primary scenario in the next section. Anyway, when closely examining the 12-hour gold chart, we primarly anticipate a continued upward movement rather than a sharp downturn. We believe that the minor Wave 1 has concluded, and we should see a retracement to the 50-61.8% Fibonacci level, where we expect to find support at the High-Volume Node. The recent upward trend has been quite extreme. Therefore, we predict finding support between $2,200 and $2,130, before potentially breaking through the $2,500 mark, which we expect to coincide with the completion of the major Wave (3) or minor Wave 3.
OANDA:XAUUSDLong
by freeguy_by_wmc
Altcoins ready to dump soon.The market cap saw a significant rise from 2017 to 2021, peaking above 1.2T USD. This was followed by a sharp decline, and subsequent fluctuations between 2021 and 2023. There is a prominent dip into a highlighted blue zone around late 2022 to early 2023, suggesting a strong support level. Future Projections (2024-2031): The projection line indicates a rise in market cap approaching 800B in 2024-2025, touching a region marked as "Buyside Liquidity." A recommended shorting point is marked in early 2025, suggesting a peak before a decline. The market cap is projected to dip back into the blue support zone by 2026. Another significant drop is anticipated around 2027, reaching another highlighted grey support zone, where a buy opportunity is suggested. Annotations Short here: Indicated near the projected peak in 2025, suggesting this as an optimal point to short the market. Buy here: Indicated in the projected dip around 2027, suggesting this as an optimal point to buy. This analysis can guide investors in timing their trades based on historical trends and projected market movements.
CRYPTOCAP:TOTAL3Short
by SerenityEquity
29
It's Time To Reassess Our Previous Bitcoin SynopsisTraders, This recent drop in Bitcoin price has caught many traders (including myself) off-guard. Unfortunately, we cannot always get it right and when we do get it wrong, it is important that we drop any preconceived ideas we hold and honestly re-evaluate potential price action. So, that's what we are doing in today's video. We are only going to look at Bitcoin, what it's doing now, what it has to do to remain bullish, and what might happen should we remain bearish.
INDEX:BTCUSD
by stewdamus
Bitcoin & Ethereum is it really going to crash? We experienced another sell-off in cryptocurrencies, bringing BTC back below $59K. As a reminder, we still have a second limit set at $55,236 for a Bitcoin swing trade, and we plan to hold this position as we approach this level. This limit has been in place for several months, and sometimes patience is required. Our limit is precisely at the 24 Q1VWAP and 21 VAH, aiming to capture the resting liquidity below the recent low in May. For ETH, we are watching the 22 Q1VWAP and 21 Q3VWAP levels to hold, as they have successfully done so four times previously. This would be a favorable retest, potentially leading to an attempt to reach the EUROTLX:4K range again. With both BTC and ETH, we are anticipating the end of this sell-off, considering potential spot purchases in BTC and some altcoins if they experience another (maybe last) downward move.
CRYPTO:BTCUSDLong
by stromm_by_wmc
BITCOIN CRASH TO 54.7K MINIMUM MT. GOX DUMP!!!Hello as you can see we have 5 waves up and an abc correction. we are working on the C wave and i expect it to hit 54.7k because that is the 1.1 extension fib of wave a measured from wave b (be careful tho as wave C can go to 1.618 which would be 44k i dont see that happening this time tho as we still need to make a wave 5 on the super large time frame), as well as having a FVG that needs filled there, as well as being the base of the channel we are in. It is a triple confluence. If you look at RSI we have a bearish divergence as well. The two bottom indicators i am using are also showing to be in the middle of a wave right now. that would be the C wave on the large time frame. we will be making the 5th wave down on the lower time frame which on the lower time frame of that will be a 5 wave impulse move because we are in a downtrend. Also, Mt. Gox, an old exchange that went down like 12 years ago is starting to repay their creditors in July, which is now, so those people are sitting on like 14000% profit and are going to cash out and dump hard. it is a total of like 18 billion. This is a negative outlook but its just what the data show. when the data show bullish then i will be bullish but there is just so many things right at this moment ab to crash btc so just hold on tight and open a short. i have one open from 63.2k and a target of 54.7k. Lets see if it hits.
INDEX:BTCUSDShort
by member_berry
6 INEVITABLE Stock Market DownturnsIn the world of stock trading, and crypto trading, volatility is as much a part of the landscape. Whether you’re a day trader or a long-term investor you’re bound to undergo different degrees of stock market downturns, drops and crashes. And each level of downturn has its own set of characteristics, challenges, and strategies for recovery. Let’s dive into the nuances of market downturns, so you can navigate these stormy waters with confidence and savvy. DOWNTURN #1: Down -2%: A Ripple of Volatility Think of a -2% drop in the stock market as your morning coffee spilling over a bit—it’s unpleasant but hardly the end of the world. This level of decline is typically seen as a blip of volatility, a common occurrence in the stock markets that often corrects itself in the short term. DOWNTURN #2: Down -5%: The Pullback Perspective When the market drops by 5%, it’s is often referred to as a pullback and, while it might cause a bit of concern. However, if you look at the bigger time frame, you’ll see it might not signify a long-term trend. DOWNTURN #3: Down -10%: Entering Correction Territory A 10% drop is a clear signal that the market is in a correction phase. This is where the uptrend will come to a temporary halt and the market will drop and correct itself. You’ll see moving averages will cross down and the medium term trend will be showing downside. You’ll also most likely look for shorts (sells) and take advantage of the correction. DOWNTURN #4: Down -20%: The Bear Market Looms Now we’re in the territory of the bear market. This is generally characterized by a 20% or more drop. It might be time to look into more defensive stocks or sectors, such as utilities or consumer staples, which tend to be less affected by economic downturns. DOWNTURN #5: Down -50%: The Market Crash Crisis A 50% plunge is the equivalent of a financial earthquake, causing widespread panic and uncertainty. It’s quite rare, but when it happens, it’s all hands on deck. We saw this in the financial crisis. We saw this during the tech bubble. We saw this with the oil crisis. Silver Linings: Even in the darkest times, opportunities can be found. And whenever we’ve had a crash with world markets, they have turned up, made a come-back and moved to all time highs. DOWNTURN #6: Prolonged downside: The Depression This one I don’t have a number for you. Unlike recessions, which are typically shorter and less severe, depressions are rare and can last for several years, causing long-term damage to a country’s economic health. The most famous example is the Great Depression of the 1930s, which started with the stock market crash in 1929 and lasted for about a decade in most countries. During this period, unemployment rates soared, reaching as high as 25% in the United States, while industrial production, prices, and incomes plummeted. Conclusion: Steady as She Goes As I like to say. It’s important to know that the downtrends, downturns and downside will come. We need to be clued up and prepare for these situations. That way we’ll take advantage as traders of what to do. With the right approach, you can not only survive these downturns but emerge stronger and thrive profitably on the other side.
TVC:SA40Education
by Timonrosso
Bitcoin Can't Get Away!Well traders, guess where Bitcoin is at? Once again, it is flirting with our multi-year support/resistance trendline from 2019. It seems that it just can't pull itself away. Like a magnet, Bitcoin continues to be attracted to this level. Now, if my projection of the inverse head and shoulders pattern is correct, then we should pull up and away soon. However, this market has even me doubting its capability of doing so right now. Ethereum still has not reached the 3200 price that I had suggested we could wick down to. Looks like that is where it is headed. Altcoins continue to bleed badly following Ethereums lead and exaggerating the move down to the Nth degree. We can now see that expectationd for an altcoin bull market have been shaken badly for many traders (I am not one). Altcoins are deep into oversold territory on many charts. Some are down 90%+ from their high this year and many traders have now decided to sell, salvaging any remaining value they had. Ouch! Fortunately, my overall trading portfolio is only down %25 overall. And while this is quite a drop, I understand that it is not what many altcoin traders have already suffered. I will continue to hang on for dear life (HODL) until this bull run begins. As I stated previously, I am tired of the games the market makers are playing here. I just don't care anymore. Again, my disclaimer. None of this is financial advice. I am only here to entertain you all with my poor choices. You do you. Stew
INDEX:BTCUSD
by stewdamus
#202425 - a weekly price action market recap and outlook - pltrGood evening and I hope you are well. Let's do some single stock trading ideas. Palantir. comment: The stock that lives on hopes and dreams of people who know few about IT and much less about data & analytics, much like Snowflake. Go look at the Snowflake chart. When I have read the ipo price in 2020 I told everyone it was a bubble and the stock should trade below 100 for many years until maybe big profits could come in. They are still years away from those big profits and the stock lost 49% from the IPO price. I do not know anyone who works in Data & Analytics and knows Palantir who tells anything positive about them. It's a hype stock that got good publicity because of investors and defense contracts. That stock will trade below 15 in either late 2024 or 2025. Not financial advice. current market cycle: My dead dog can tell you it's a traingle and that is a form of a trading range and market is in breakout mode. Your job is to wait for the breakout and hop along, that's it. Now set the same alerts as I have and make money once they ring. key levels: 20 - 27 bull case: Market is getting rejected at the 50% pb from all time low to all time high. That's bearish af. Only chance bulls have for this to trade back up is a weekly close above 27. Bulls have going for them, that there seems to be big passive buying at 20.50. They are also trading above the daily and weekly 20ema, which is also bullish. Invalidation is below 20. bear case: Once that buyer at 20.50 gives up, it's free fall. The triangle will probably play out and we see some downside from 23 to 20/21 again in the short term. Last earnings surprised upwards and bulls used that spike as exit liquidity. Tells you something. Invalidation is above 26. short term: bearish for trade back down to 20/21. Short term in this case means several weeks, since I'm posting the weekly chart. medium-long term: I don't know which way the triangle breaks down to but either way, you can clearly see the big lows and highs. One of those will probably get retested before the other. So set the alarms and trade it when it breaks out. I hope my insrted illustrations help you.
P
by priceactiontds
ROSE - Selling the TopWe have two setups here in either direction we have been screening ROSE and ONDO for quite a while now and we want to bid both this short and the long. We let those things run over the night, therefore we play it with a hard stop. On ROSE we have been ranging for quite a while and we finally broke out and cleared out the imbalances that have settled on the sell off candle on the 12.04 the supply needs to be flipped in order to be bullish. Even tough BTC seems to hold it's level nicely we think this daily supply is too much for ROSE to flip. As a target we are eying the POC at $0.0927 but we are going to take profits on the way down. You will find ONDO here -
Short
by stromm_by_wmc
Petrobras (PETR): Bearish Divergence - Heading for a Dip After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated. There is considerable downside potential as we expect the completion of Wave (3), followed by a downward adjustment in Wave (4). The exact retracement level for Wave (4) is yet to be determined, but we anticipate a pullback to around 38.52% before the stock resumes its upward trajectory in Wave (5). Our downside target is around 50 BRL, considering Petrobras' high dividend yield. This makes the stock attractive not only for its growth potential but also for its income-generating ability. A closer look at the daily chart reveals potential scenarios for either the completion of Wave 5 or Wave (3), highlighting areas where bearish divergence becomes more apparent. This divergence is evident due to the significant impulsive rises in the stock over recent months and weeks, which have created several imbalances. Despite closing gaps and reaching new highs, a downward correction is likely needed before we can see further upward movement. We anticipate that the correction in Wave (4) will take the stock lower, potentially reaching levels between 28.28 and 23.30 BRL.
BMFBOVESPA:PETR3
by freeguy_by_wmc
Bitcoin (BTC): Whats happening?Let's take a closer look at the Bitcoin chart, using a three-day timeframe. Here's the scenario we're observing: we've developed a significant bearish divergence. Additionally, Bitcoin is currently in a short but valid sideways phase, indicating an impending decision on direction—upward or downward break is expected in the coming weeks. Our analysis leans towards anticipating a Wave 4 correction. We suspect that it hasn't completed at the 23.6% level since, given the strong upward momentum previously observed. A deeper decline might be necessary before attempting to reach levels like $80,000, $85,000, or even $90,000. Nonetheless, we generally don't expect Bitcoin to surpass $100,000 in this cycle. Concerning potential downturns, if Bitcoin falls below the $49,500 mark (50% retracement level), we foresee possible support between $44,000 and $41,600, marking our worst-case scenario for this phase. The mega worst case would involve a drop to $31,000, which, while not impossible, is highly improbable under current conditions and thus unrealistic to expect. On the daily chart, the situation becomes a bit clearer after our previous analysis at $40,000. Since then, we've reached a new all-time high of $73,800 but have not regained our former strength, presenting the possibility that Wave (4) may have already concluded. There's also a chance that prices might dip again, and for this scenario, we plan to place a limit order at $55,236, corresponding to the 38.2% Fibonacci level, with a stop-loss just below the 50% level. If you're considering this setup purely for spot buys with a long-term hold strategy, you might opt to set another limit at the worst case scenario. We anticipate that the price should hold around $48,000. If it falls further, we'd consider secondary entries at around $40,000 and a third potential entry at $31,000. Depending on where the turnaround occurs, we expect the subsequent rise for Wave (5) and the overarching Wave I to reach between $78,000 and $88,000.
COINBASE:BTCUSDLong
by freeguy_by_wmc
2
SP500, TAKE THE PAST AND SEE THE FUTURE?So, this is a slightly different look of another chart. Basically, we might be seeing this play out in real time. This pattern is scary where the price currently sits. and to where it can head. What is the pattern? Trace 2018 to Covid and then into recovery and correction. Bring that to the current move, pattern, wave... whatever you want to call it. It's close, not exact, but close, and close enough that it can't be completely thrown out as an idea. But that's all guessing based on a pattern, which is dumb. So, what do we know. We can see numbers projected to 600. We can see numbers projected to 200. We can see multiple gaps on the downside. We can see multiple stocks at their highs. We can see multiple stocks moving some 10% or more on earnings with price movements that don't quite make sense. We know there are two massive support trends (I just made the one) because of how close they are to each other. We've been seeing stocks break down past massive support trends, and then when all hope is lost, a huge return. We know statistically, gaps almost always close, and in a similar way of thinking, most impulse moves retrace a little over 100% (this gives no indication of the timing of a move, could be days, weeks, months, years...) We can see certain indicators starting to flash some bearish signals. We can see there might be another exit pump but we can't really know. We can see, charts are quite overextended from COVID lows. We know the election is around the corner. We know how bad a "down" market or market crash can look for a sitting president. We know more support comes in at 4780, 4360, 3800, 3300, 2900, 2500, 2200. I'm sure if you look hard enough, you'd find evidence that supports both a bullish and bearish projection on the s&p500, which is good. Take in all the info you can. Don't believe my garbage chart, but also, I wouldn't completely skip it.
AMEX:SPYLong
by nicktussing77
CAN THE MARKET SURVIVE AN 80% CRASH, WHAT ABOUT ONLY 40%?So, for anyone who likes to watch certain movements. A big one is about to occur. A rejection from this break is the covid drop. about 30% and some. However, the end of the cycle, if you believe in those kind of things, would be a 100% retrace of the impulse with a little extra on the downside, which closes all gaps, I believe. That takes us down below 200. It would have to be quick. Next cycle then starts and pulls us up to $600. I tried to mark it in orange. This chart isn't an idea as in (I REALLY THINK WE'RE DROPPING 80% in less than 1 year). This is more to show that trend break from the past and the trend break showing. 518 to 530. CAREFUL ZONE!!! Market is showing a lot of crazy movements and numbers. I think something has to be "up" such as China and Taiwan considering what we're seeing with semiconductors.
AMEX:SPYShort
by nicktussing77
6