SPY (Stocks) looks to continue uptrendTraders,
For the last year you have heard me preach this blow-off top. So far, we've nailed it. Today, the FED decided to continue the pause. No surprises here and it turned out to be a non-event in the market. The FED knows that they are "this close" to breaking everything. Macro-economically, we are on the brink of disaster both nationally and globally. Many people know this both logically and instinctively. Still the market will go against all odds and price stocks irrationally. This is happening. And my blow-off top is playing out perfectly!
The dollar has had 9 straight weeks of green candles. Time to take a rest.
The VIX hit a two year low this last week and remains suppressed.
Dollar down + VIX down = Markets UP!
Additionally, you can see from a technical perspective indicators that continue to support my blow-off top thesis:
Notice Elliot Wave. We are on the final wave now.
Notice that trendline (wave 5). We are still above that.
Notice Ichimoku cloud is green and beneath us.
Notice the 50 candle moving avg below us giving us support.
Notice the green area of support below us.
I am not telling any one of you that you are wrong if you believe we will eventually go down. I agree with you. But before that? BLOW-OFF TOP!
Best in all your trades,
Stew
Crash
Neo 50-60% crash 🩸 incoming It's failed 📌 breaking and closing postive on recent top 🔝
Expecting pump towards $8.5-10
Possible wick towards $12-14
if wick turned as closing above $14 weekend postive sign ☢️
Then this article invalid 📌 my long term article get's invalid 📌
If this get valid my long term article get's invalid 📌
But present I am completely bearish 📍
Expecting qick pump towards $10
Drop 🩸 towards $3.2-4.3
Based on drop we can confirm bottom present target's are not bottom target 📌
I will update you
Just follow article idea 🙂 💡 give boosting 🚀
ETH Ethereum Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for ETH Ethereum is $1310.
Looking forward to read your opinion about it.
BNBUSDT: Prepare for a Severe Drop, Potential to Fall Below $150Hi Fellow Traders,
BNBUSDT has broken out of the symmetrical triangle pattern and is possibly heading for a crash. The price is plummeting below the lower trendline and has crossed below the EMA 200 line, signaling a strong bearish trend. To make matters worse, a Bearish Inverted Hammer has appeared after bouncing off the base pattern. This deadly combination of technical factors suggests a sharp decline to the first target area. Then, we might see a brief rebound to the blue zone area before another dive to the second target area.
Negative Sentiments
1. lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase
2. The SEC accuses Binance of selling unregistered securities and Coinbase of offering a lending program that violates securities laws.
3. These lawsuits are part of a broader regulatory crackdown on the crypto industry and they could have significant implications for the future of cryptocurrencies. The possible outcomes of the lawsuits, such as settlements, fines, or bans, and how they could affect the crypto market and innovation.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on
BINANCE:BNBUSDT ."
DXY - Bear flag formed! pivotal point..DXY - showing signs of a pivot. reaching the 0.702 multiple times without able to close above this level. this is a strong resistance.
I dont see the DXY breaking this level. expecting a bearish reversal!
*De-dollarisation doesn't need much explaining if your keeping up with the latest BRICS progress.
*DXY - will no longer be the main reserve currency but likely still play a huge role.
(becoming very obvious)
Bear flag formed, indicating a crash in the price of the US dollar index.
busy week ahead, dxy is due a huge drop, from being over valued due to its king currency status
record breaking inflation figures for all countries due to the US Dollar dominance..
(simply using other countries currency's as collaterol)
intersting times ahead, this would be very bullish for markets all around if this bear flag played out!
huge relief rally for all equitys, commodities and crypto.
Interesting times ahead!!..
let me know your thoughts below..
Nasdaq -> Sell Everything Now!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪
Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower.
With the recent weekly rejection of the major previous structure zone, everything is looking like Nas100 will also break the current support level and simply drop further towards the downside.
And you can also see that there is the possibility that Nas100 will create a regular head and shoulders in combination with a double top on the daily timeframe which is a massively bearish reversal pattern suggesting that we might see a harsh move lower on Nas100.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
🔥 Bitcoin Dominance Incredibly Bullish: Alts Will Get REKT 🚨If you enjoy this analysis, please like and follow.
Ever since BTC fell through the 2023 bull-market support line, things area looking bad for the market. I've made several bearish bets recently, which have been playing out great. Some investors like to flip-flop their bias constantly, but it's much more beneficial to approach the market from a IF-THEN perspective.
Generally, the Bitcoin dominance rises during periods of:
- Bitcoin-only run-ups, like in the first half of 2019.
- Periods of fear, investors exit risky assets and move to a less-risky one (BTC).
With Bitcoin looking bearish, it's great news for the bears that the BTC Dominance is showing incredible long-term strength.
- The BTC.D is currently trading in a falling wedge pattern, which is generally a bullish reversal pattern.
- The BTC.D has retested a previous area of resistance as support. This often happens in markets and is generally accepted as a confirmation of the trend, which in this case is up.
Personally, I'm expecting the markets to go down over the next months. Sure, we can have some bullish days here and there, but it's likely that the 2023 top is already in. Remember that pre-halving years are generally half green, half red, and we're due to some red!
As a result of a bullish BTC.D, alts will lose value against Bitcoin. So, when BTC drops 10%, alts can drop much more than that. As seen on the chart below, the overall altcoin marketcap (ex ETH) is just a mere 10% away from making new bear-market lows.
Are you bearish or bullish? Share your thoughts in the comments 🙏
TWO GAPS to FILL. Which one comes first?Traders,
Our CME BTC Futures chart now shows (2) two gaps to fill. We know that over 90% of all gaps are eventually filled. Usually, this occurs sooner rather than later. The big question is which one of these gaps will be filled first if we assume they will both be filled? Post your best guess in the comments below.
The other thing I am looking at on this chart is a possible retest of our previous channel. Previously, the top of this channel acted as resistance. The market likes to come back and test previous resistance as support. Will it do so this time as well?
Stay tuned,
Stew
Elon's Bitcoin Crash, Spy Bounce Coming, Crypto Longs, and More!Traders,
What an unexpected set of events in the crypto world! At least from my perspective. We are going to discuss what just happened with the Bitcoin crash, where we now stand from a price perspective, and what needs to happen for us to recover again.
We'll also be discussing the usuals. I think I have found a target bottom for the SPY? If I am right and the market bounces a bit, this should also help out crypto.
Timestamps are provided below:
00:00 - Intro
06:45 - Dollar
09:45 - VIX
10:15 - SPY
13:45 - KRE (Regional Banks)
14:39 - Bitcoin
20:00 - All of my recent trades including: stop outs, re-entry prices, what my targets will be, what my new stop outs will be, and why I am still long all trades.
Unfortunately, Tradingview limits the time of these videos to 20 minutes. Apologies to my TV friends.
Best,
Stew
$1B In Liquidation As Bitcoin Rising Wedge Pattern Breaks😱OVER $1B REKT!
Turbulence engulfs the market today as Bitcoin shatters critical support thresholds, unleashing reverberations that resonate throughout the entire financial landscape. This precipitous decline coincides with the revelation of Chinese real estate giant Evergrande's Chapter 15 Bankruptcy filing in a U.S. court—a development that has sent shockwaves through the economic sphere. The precarious financial state of this corporate behemoth, coupled with the potential domino effect on the world economy, has become a subject of fervent examination and unease among investors.
Price Target $19xx - $20000
TSLA: Hit Major Resistance Area, Correction is Incoming?Hello Fellow Stock Traders, Here's a Technical Analysis of TSLA!
TSLA has demonstrated noteworthy price development, reaching a significant resistance level and resulting in a price gap. Subsequently, a bearish divergence has emerged, implying the possibility of a trend reversal or downward movement. Moreover, TSLA is presently forming a double-top pattern, which may signal a potential breakout scenario, indicating further downward movement toward the initial target area near the EMA200 Line. Subsequent to this, a probable pullback to the neckline area is expected, followed by a continuation of selling pressure towards the second target area.
Considering these technical factors, the current price action, and the indicators, a negative outlook is projected for TSLA. This suggests a potential downward trajectory in the near term.
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on NASDAQ:TSLA .
Bitcoin Just Died: sub $15k incomingIf Bitcoin loses FWB:25K , the bear market will be renewed for another 430 days.
The last time bitcoin lost critical FWB:25K support, it took 270 days to get back above it. The last time bitcoin lost FWB:25K support was 430 days ago.
If FWB:25K does not hold, sub $15k is extremely likely and we may not get back above FWB:25K until November 2024.
NIFTY WILL CRASH BY THE END OF THIS WEEKthe amazing bull run of nifty is almost over. By the end of this week or since next onwards nifty will crash just like it had happened before probably with huge gap-down opening too. Nifty has repeatedly failed to break this trendline before and this time will be no different. History does not repeat itself, IT RHYMES
SP500 Black Swan Event Incoming!Following on from our alternative account which has now become our primary count we have cleaned up the chart and think we are very close to the top of this B wave, as retail traders and the media are turning bullish on the stock markets we think it's a matter of time before the rug is swept out from under the bulls feet and we come crashing down to our target of 3200. A 1300 point move from current prices! What could spark such a sharp move? China invading Taiwan? Inflation staying stickier than analysts expect? Moving into a negative growth environment? There are plenty of things that could spark this move, what it will be is anyones guess. All we know is if our analysis is correct this move will be very sharp and catch a lot of people off guard.
🔥 Making A Bearish Case For Bitcoin: 2023 Top Is In?In this analysis I want to take a look at a more bearish crypto outcome for 2023. Note that this is not my most likely scenario. However, I think it's valuable to look at the market from different perspectives to construct a better view of the market.
As seen on the chart, Bitcoin is potentially trading in a bearish symmetrical channel. Note that the top purple resistance is an exact copy of the bottom purple support. BTC has been consolidating below this huge resistance for several weeks now, so there's always the potential that the price will reverse and we will go down.
Personally, for BTC to truly get bearish, I want the price to fall through the yellow diagonal support line. As long as we're above it the overall long term market structure is very bullish. Consequently, a break below would be alarming.
Do you think Bitcoin has topped? Or are we going up? Share your thoughts in the comments 🙏
Polkadot going to $0,50? Polkadot dead?Polkadot is one of the worst performing altcoins.
On top of being a poor performer during the bullrun (compared to other coins), it is also the worst performer during the bear market.
It appears interest for polkadot has disappeared.
Polkadot has been in a downtrend for nearly 2 years. Downtrends tend to continue trending down until they continue up. There are no signs of a reversal. Based on the past history, it is possible polkadot will drop another 90% from its current valuation.
The chance of polkadot reaching its old all-time-high is, based on current situation, only 0.1%.
US Collapse is just starting Biggest crash is coming ..
NAS100, SPX, US30,EUSTX50… etc just reached the recent highs but it not going to take much more of it.
US reached over $32 trillion for the very first time and this isn’t good for the economy as global depression is coming near.
The crash is going to be even worse than 2007-2008.
We will reach further and a lot further down as we know it.
This isn’t financial advise
US Debt reach all time high Not financially advised.
The collapse is already starting as all just reached the recent highs of 2021.
As US debt just reached over $32 trillion for the very first time and this isn’t good for the economy as soon the US economy will collapse and recession is already near.