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BTC - Correction Started! Till When/Where? 🛬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we know that BTC has been sitting around a strong resistance/supply zone. And we were waiting for the bears to kick in by breaking below the previous low. 📉 The bears took over by breaking below the H1 head and shoulders neckline and lower trendline from H4. Now What? BTC is currently retesting the previous major Daily low in green, if broken downward, expect further bearish movement till the 24k-25k support zone. 🏹 The bears will remain in control short-term UNTIL the bulls kick in by breaking above the last high (around 28,000) Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
62
Netflix dumps and pumps after earningsYesterday, after the market close, Netflix reported its earnings for the 1st quarter of 2023. The tech giant missed analysts’ expectations, resulting in a quick and sharp selloff of nearly 12%. However, this move lasted only three minutes before the price started reversing to the upside. Within the next hour, shares erased all of their early losses. The company posted $1.305 billion in net income, showing a decline of 18.3% YoY (in 4Q22, Netflix reported a net income of only $55.284 million). Revenue stood at $8.161 billion, up approximately 3.7% YoY and 4% QoQ. Operating income fell by 13% YoY. In addition to that, the average paid memberships rose by 4% YoY, with the company reaching 232.50 million global streaming paid memberships. In 1Q23, Netflix launched paid sharing in four countries, and in the second quarter of 2023, the company plans to expand this service into more countries, including the USA. Furthermore, Netflix seeks to improve its revenue from advertisements and currency operations. For 2Q23, Netflix forecasts revenue of $8.2 billion, representing a 3% increase YoY. The company also expects to return $1.6 billion in operating income for the same period. Netflix shares are up approximately 105% since their low in May 2022 and about 16.5% year-to-date. Other important information The company’s operating income declined for four consecutive months in 2022 - 1.972$ billion in 1Q22, 1.578$ billion in 2Q22, 1.533$ billion in 3Q22, and 550$ million in 4Q22. The same applies to the net income in 2022 - 1.597$ in 1Q22, 1.441$ billion in 2Q22, 1.398$ billion in 3Q22, and 55$ million in 4Q22. In the first quarter of 2023, Netflix saw a significant rebound in both of these metrics. Illustration 1.01 Illustration 1.01 portrays the 1-minute chart of Netflix stock. The yellow arrow indicates market close, which coincided with the release of the company’s financial results. Within the first three minutes following the announcement, shares dropped nearly 12% before erasing all losses. Illustration 1.02 Illustration 1.02 displays the daily chart of Netflix stock. Yellow arrows indicate previous earnings, which were accompanied by a similar negative reaction in the price of shares. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:NFLX
by Tradersweekly
RBC - Shift In Momentum In Action ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 RBC has been forming a wedge pattern in red and now has been stuck inside an accumulation phase in the shape of an inverse head and shoulders pattern. Moreover, RBC is currently sitting around a strong support and round number 0.02 🏹 For the bulls to take over , we need a momentum candle close above the green neckline which would also be breaking above the wedge pattern and accumulation phase for the MarkUp phase to start. Rubic is a Cross-Chain Tech Aggregator for users and dApps which allows you to swap any of 15,500+ tokens, on & between 40+ major blockchains and 90+ DEXs and bridges in one click. I like the project overall, so I'll be keeping a close eye on their upcoming news and features that would be the catalyst to pull the price up. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
22
BTC - Short-Term Correction Started ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on H4: Left Chart As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range. Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups. UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000 📌 on M30: Right Chart The bears took over already short-term by breaking below our last low in red. Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
2023 Looks Very BloodyStocks look poised to head sharply lower through the rest of this year. The banking crisis has been snoozed like your alarm clock blaring at you first thing in the morning. The thing is you only get about 5-10 mins before it blares at you again. More bank failures are coming. Most banks are holding treasuries with unrealized losses and myself and others are combing through balance sheets and finding weak players asking to collapse. This summer looks very negative. My hunch is the debt ceiling issue is going to compound the bank crisis. There seems to have been no progress made at all between Republicans and the White House over the last couple months and we only have 2-3 more months before this becomes a catastrophe. Myself, along with many others, believed initially that this was a non-issue, but the charts are saying otherwise. Perhaps we should not dismiss this as impossible. It could be a black swan that's right in front of everyone's noses but they don't think it is worth inputting into their risk calculations yet. The rally from the October lows is not impulsive. There is no wave count to be made that is bullish there and the upward action has cut back into previous highs a couple times so there are many reasons to believe further downside is much more likely. It is going to get a lot worse before it gets better folks. I hope you all have your seatbelts on and some money in Volatility. There won't be a warning. One morning we'll just wake up and 6 more banks have announced stress and people will start freaking out. Volatility will spike 40% in a day and people will rush in. Good Luck.
NASDAQ:NDXShort
by MonetaryRebel
1
$398 min Target from C wavePrevious resistances could then act as support to launch to $408.00. From Wave 1- Leg A, is a bullish Cypher pattern. B Leg was the rejection as it retrace back up to Wave 2. Double bottom occurred on the intraday Friday. A leg acted as resistances before the double bottom occurred. This information combined w/ my Technical Analysis on Tech, and Financial Sector I see the SP500 rally early next week and cause a short squeeze. Looking to long Financials early next week, any negative news in the market is a buy opportunity. I also like Tech, and will likely short the inverse 3x bear etf
AMEX:SPYLong
by moneyflow_trader
36
Texas Instruments: Don’t Rush It! 🐢With a healthy respect, Texas Instruments is advancing toward the resistance line at $158.99 slowly but surely. Soon, the share should climb above this mark and push off into the green zone between $215.90 and $237.98 to complete wave B in green before turning downwards again. There is a 33% chance, though, that the course could shift away from the next resistance line, dropping below the support at $144.49 instead. In that case, we would expect Texas Instruments to develop wave alt.IV in gray in the gray zone between $130 and $107.68 before moving upwards anew.
NASDAQ:TXN
by MarketIntel
NASDAQ - the candlestick that broke its backThe NASDAQ (and other indices like the SPY/SPX) appears to have what I would call the decisive candlestick(s). For the NASDAQ, it appeared ready to break out and then it epic failed with a long tailed dark cloud cover type of candle. Speaks so much to say that it is heading down. IF it is as expected, then we should see a break down below the red box (outlined yellow), the break down area. This are holds a number of supports and breaking down below should see it pushed to 11750 support area around mid-April. IF this is a wrong technical read, then 13,000 shoudl be easily attained and maintained. At this point, I do not see that happening, if at all. Still early in the down draft, so technical indicators are not yet aligned. Note to add... SPY's candlestick closed the gap as well!
CME_MINI:NQ1!Short
by Auguraltrader
2
BTC - Strong Rejection Ahead ❗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 As per my last educational post (attached on the chart), we know that the bulls will take over if we break above the falling flag #4 📌 BTC is now approaching a strong rejection in orange: 1- Round number 30,000 2- Classic Support Zone Turned Resistance 3- Supply zone Hence we will be expecting the bears to take over around 30,000 for a correction before the bulls take full control again and break above it. For the bulls to take over from a Marco perspective , we need a break above 32,500 🏹 Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
15