Crack in the floor, potential down to 12.5k?Bears have been reaching targets and finally breaking the low end of the floor (33k) for the first time since 2020.
I am still very bearish with a potential all the way down to 12.5k. The only major hurdle in the way is the potential 20k line (not shown as it is over 4 years ago and unknown if still relevant).
However we are at a battlegrounds line as it is - 29k. It could rebound here and enter into neutral territory. It could also just as easily rebound and crash back down further with the volatility. I personally will be staying away from Longs and the bulls until I see a more decisive flip. Even if we reach past the neutral zone, it will still take convincing as volatility in the short term would be very high.
Crash
$DXY #crash - 2001-02'Several other factors have influenced the fall of the dollar, magnifying the primary effect of the trade deficit. Firstly, the accounting scandals at Enron, Tyco, WorldCom and many other companies revealed serious weaknesses in the US reporting and regulatory system, leading to falling confidence in US stocks, bonds and other investments. Plunging values in these markets beginning in 2001, and the consequent enormous investment losses, further shook foreign investor confidence. As a result, foreign investors stopped sending a net inflow of investment funds into US markets. Instead, they began to liquidate their portfolios, causing a net funds outflow.
The sharp increase in US government budget deficits (see chart) also undermined investor confidence. After several years of government budget surpluses, the Bush administration cut taxes dramatically and increased military spending, setting off a deficit that is estimated to reach $455 billion in 2003 (up from $153 billion in 2002), making the 2003 deficit by far the largest on record. State and local governments have also run high deficits, further compounding the federal imbalances and pushing state and local debt to a historic high of over $1,400 billion in 2002 (see chart). US households have increased their debt (for houses, education and consumer spending) an unsustainable level of $8,454 billion in 2002 (see chart). An overinflated housing market destabilizes the US economy, since falling real estate prices could trigger widespread defaulting on these loans, pulling down banks and other mortgage lenders. Finally, there is the effect of Washington's unilateral global posture and its far-flung military operations, which introduce uncertainty about the future. These and other factors have combined to put powerful downward pressures on the dollar, pressures that are expected to continue well into the future.
Do NOT buy bitcoin yet ….It’s NOT OVER YET!
We are not at the bottom , but a retrace buy for a short term. Should expecting another huge fall after the retracement, expecting the buy I be eyeing on 13K or below for a lifetime buy.
137,000 ( 3 billion bitcoin worth) had been took out and we are going to see another huge fall as you saw more bear flags are forming. If you are going to buy PLEEEASE BE EXTREMELY CAREFUL..
also 200,000 jobs added in USA we are not that far for the economy crash and everything to collapse.
We are not bottom it’s far too soon. 13K-9900 is the actual bottom for bitcoin.
For people safe concern please stop saying we are in the bottom we are not in a bottom yet
Blood in every street! Stocks, Bonds, BTC, EEM, Oil, Gold, Comm
Simultaneous 2W Red Bars for all the above*. SPY is in pink so it stands out (by popular request).
This is relatively rare p= 0.028: 11 out of 387 bars since GFC
The chart shows the 11 periods with a yellow vertical line. Each asset is shown independently (upper left) as well as a horde (bottom)
Since the choice of ETF's was neither complete nor systematic, the table (top right) shows the 25 largest
ETF's (out of the 1167 in the list) as measured by 21day $Volume (shown in rightmost column)*.
Middle columns show the ETF's return over 1 day (using todays close 9/6/22) and over 5 days.
Lot's of Red.
Hope that's useful, Trade Safe.
Analysis: When the smoke clears and there is time for analysis: What happens after the 11 cases?
Qualitatively, my impression is that volatility (range) stayed high while momentum frequently changed direction (more then I expected)
Also for follow up: when do we (irrationally) expect reversal vs continuation? Positive and negative recency has been studied extensively as the "Gamblers Fallacy" and the "hot hand".
*Notes:
Stocks: $SPY
Bonds: $TLT
Oil: $USO
Commodities: $DBC
Emerging Markets: $EEM
Gold: $GLD
BTC: $BITO IS 2W red as well but is also a new ETF so was omitted from the count.
Currency (DXY) appears independently at bottom.
**Table found on etscreen.com on 9/6/22 (link appears under the table). Its purpose is educational only as specified in "Fair use" section 107 of the U.S. Copyright Act.
SHOUT OUT TO CRYPTO SAVY! AMAZON CRASH PATTERN IN BTC!I think there is a possibility that CRYPTO SAVY might nail it with his AMAZON / BTC comparison that he called out on December 2nd 2021.
Looks like it's playing out perfectly so far. I'll just add the EW count that i think this crash will be to SAVY's analysis.
I think we are in a "WXYXZ" complex correction (as shown in the chart).
I also think we will drop under the 2018 BTC low and bottom somewhere between 1.3k to 2.8k.
Let's see what happens....
Warning!!!!This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DO NOT BUY BITCOIN YET … The whole entire stock market and crypto are going to be crashing much worse.
Why? - monkeypox/Orthopoxvirus 18,400 cases
- monkeypox global cases 50,000
COVID-19 aka SARS-Cov-2
- Global: 602 million cases / Deaths: 6.50 million
USA: 94.2 million cases/ deaths: 1.04 million
The Epidemic Is NOT OVER.
Now for the government
On September 1st they going to take 90 billion off the market which will cause volatile insane of all the markets and cryptos.
Last time in June the took 40 billion out which is why cause everything to crash.
As for bitcoin we are still in a high sell Pressure we aren’t bottom yet. 12K along with a dip has stronger floors & 10K with a dip as well which will cause the bulls to take the full recovery.. if I were you please do not buy bitcoin yet it’s still too early and we aren’t bottom yet.
Stay safe
High probability of a Nasdaq index crash I'm expecting a retest of the covid-lows by the end of the year due to technical indicators and macro factors, such as: Inflation, rising interest rates, tensions with china, and recession. Volatility is likely to increase throughout the remainder of the year.
ETHEREUM SHORT / ETH SHORTI am in love with the Cryptocurrencies, Blockchain, De-Fi and Web 3.0 and I will continue to search about this revolution.
The Ethereum is one of the best in blockchain and I really like the purpose and vision of the founder and community. I love this kind of projects: Ethereum, Cardano...
Although I do not see the security of the code as very effective, I like this proyect on the long-term.
I think it's unfortunate that the world looks rigid to prices, to some numbers. Many of us here are investors and we are looking for returns. When things get ugly, even if we don't want it to, they get ugly and no one can change it.
I have given details about this crash on other ideas, specially a cryptocurrency edition: "THE BITCOIN CRASH" (where I explain the crash of cryptocurrencies and bitcoin), I recommend you to take a lot at it for a further investigation.
On Ethereum , we can see the highest peak: 4872.56 on 10 Nov, 2021 . And on the 18 Jun, 2022 the price was 993.94 : representing a fall of -78.65%
If we take a look at the S&P 500 , we can see the highest peak: 4818.04 on 04 Jan, 2022 . And on the 22 Jun, 2022 the price was 3666.32 : representing a fall of 23.71%
Where is the problem here? well if we take a look of all the crisis we have had, the drop was always between -45% and -60%. As far as we can "estimate", another fall is coming. Apart from the percentage of fall, the crisis in which we are still not over... then the market unfortunately need another drop...
If we look at the S&P 500 it needs another fall of -23.71% since 993.94 (but we can see a more abrupt and longer fall).
If we look at Ethereum it needs another fall of -78.65% since 3666.32 (but we can see a more abrupt and longer fall).
Leaving us the price of Ether (ETH) at 221
I know that Ethereum will soon release its Ethereum 2.0 update and if all goes well the programs and applications on Ethereum will be more agile, and it can serve as a small support to the price of Ether.
But inflation is inflation, falls are falls, crisis are crisis...
Unfortunately this will be a long recovery since all the bubbles in the world have come together and created a huge one (check my linked ideas to know more).
I wish long life and development of cryptocurrencies. Remember that not everything is the price, human development and progress is worth more than that.
THIS IS NOT FINANCIAL ADVICE. YOU AND YOU ONLY ARE RESPONSIBLE FOR THE DECISIONS YOU MAKE.
Any idea or point of view that you want to contribute in the comments, you are welcome, thanks for reading a like would be appreciated <3
Thanks you very much,
Have a nice day!
SXP ELLIOT WAVE COUNT!!! GREAT DEPRESSION 2.0If u know Elliot wave I’d reccoment testing that count lmfao. Essentially all ratios align perfectly not only through proportions between waves but also through history aligning with these shifts.
I provided two retracement which represent the potential pull down of this wave 4 we are most likely in. (The wave 1-3 ratio is 1-2.474 as seen by the blue dotted line). Honestly my strat is just dollar cost average those points. Happy depression everyone :)
S&P 500: Weekly outlookS&P 500 show us a weak in the stock market where we would need to be very carefully what we look, after that Federal Reserve continue tightening the U.S. monetary policy, and also get strength the interest rates. We could to experiment a global recession. Remember: The S&P 500 measure the health of the U.S. economy, and the global financial market. What if that occur what I mark, we could to see a worst global financial crisis and more worse than 2008 (Housing crisis debt), that in that time was a horrible financial crisis in USA when housing price down. Also to take in note, we see a similar patron what occur in the world, and more worse than we can't to imagine it. i believe that you must to find up this history or find up a video that explain why this crisis occur in America, and other study case as " crack of 29", that it's the oil bubble and crisis in this past year, that you must to be prepare and know this vital information in your career as investor or trader.
Now, talking about technical analysis, I see that S&P 500 forming a higher low in this market structure indicating weak in the trend. And the currently candlestick show a weak indicating that it's moment to keep away of the stock market and sell shares, including crypto as they're in the bear market. Now ,if I see the following that S&P 500 break down the EMA 200 and make a pull back resistance in it, we could to see a strong bear market and crash of the stock market, and this it's fault by FED what the U.S. Central Bank do.
Also, in some minutes I will share a special analysis because I found out a similar patron in the debt housing crisis on 2008 in the S&P 500 that occur and past the same that we live in the present, and the past occur and it's very similar what we see in our present and how to project it in the future. This it's my prediction that I look.
So guys, I hope that this idea support you. I suggested to share this idea with everyone who need to get advice and being prepare for this possible financial crisis more worse than 2008.
'Spidey sense' tingling? Depends how you know what you know.Safe experience lull you into a false sense of security, even when you know about a clear and present danger. That's what experts on risk and decision making** say about the role of our personal experience in our risk perception. Take 9/11 for example. Many, suddenly concerned about the risk in flying, opted to drive instead. However, in reality the risk of injury or death while driving is multiple times that of flying. Why was driving perceived as safer? Studies of decision making say that a big factor is the *way* people get most of their information. When that information comes from repeated personal experience (like car trips) it is given a bigger weight in the decisions we make. The catch is when the typical experience shows no danger simply because the threat is very rare, novel (for us) or out of our awareness.
It's August 25th, 2022 and, stock indexes are levitating, held up by some unseen force. The "Doom and Gloom" on you tube is starting to ring hollow. We know the risks: inflation, dollar, rates, etc. etc. etc. I won't bore you further with my mundane perspective of, what has been for me, a mundane market.
You already know the punchline cleverly hidden in the chart on the right (a 3 day chart of VIX).
Out of curiosity, was I the only one caught off guard?
If you were asked, out of the blue, to draw the 3 day VIX, would it look like that?
and lastly- The best explanation I have is the one offered above. What would you add? or subtract?
-Trade Safe.
**The research on decisions from experience is extensive but these are good points of departure:
Thinking Fast and Slow , D. Kahneman. Chapter 30. Rare Events
The Black Swan : The Impact of the Highly Improbable Paperback – January 1, 2008. pp 76-78
Decisions from experience and the effect of rare events in risky choices. Psychological Science . 15. 534-539. Hertwig, R., Barron, G., Weber, E., and Erev, I. (2004).
The Effect of Safe Experience on a Warnings’ Impact: Sex, Drugs, and Rock-n-Roll ." Organizational Behavior and Human Decision Processes 106, no. 2 (July 2008): 125-142. Barron, Greg, Stephen George Leider, and Jennifer N. Stack. "
$MIRM bear proof 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered Mirum Pharmaceuticals $MIRM today at $25 per share. Our take profit is $30. We also have a stop less set at $24
OUR ENTRY: $25
FIRST TAKE PROFIT: $30
STOP LOSS: $24
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Bitcoin bears back in charge!Bitcoin bears are back in charge, we now fully expect Crypto to trend towards the downside, especially if the US data coming out this and next week indicates further rate hikes.
Rate hikes impact crypto currencies as they are counted as risky assets... similarly to the NASDAQ, yet crypto never really lived through a strong hiking cycle, hence why we believe the downside could be very extended and Bitcoin could even drop below the 10k mark if not even lower. - Only time will tell, and more importantly we do not focus on predictive trading, rather being reactive, so we are just as ready to buy as we are to sell.
We had long positions right until Friday where our stops were hit, we then waited for valid entries for the sell side and when they came on Saturday we executed the sells and added on to them today, we are building a "big short" position here.
Good luck to everyone!
SPX Bull trap?It is time to pause, I will look into and analyze history'because as they say "history does not repeat itself but it rhymes" I would like to present the comparison of the SPX with the fall suffered in 2007.
If we take as a reference the fall of the Great Recession of 2007, it was a fall of 57% during 518 days that means 17 continuous months of fall, the situation was terrible.
Extrapolating it to 2022, taking into account that the fall lasted that long and the fall was -57%, it replicates so far the trend and movements of 2007.
Are we facing a BULL TRAP or should we rather BUY THE DIP?
Today 20/08/2022 Best regards, good investment.