Gann Fan
Bitcoin Trend, Macroeconomy Trend, and the BottomThe Bitcoin has been in this price channel since 2017, the channel is not everything, this price channel action now fits the projected macroeconomy timeline.
A bottom in late 2022/early 2023 looks reasonable with the expected macroeconomy-related situations, the Fed would most probably continue its measures, but it will stop as soon as things start getting out of control (unemployment, and the recession) most probably in 2023 Q2.
UPST - Does lending get tougher with rates increase?
UPST has a better AI lending models than FICO and has gained a lot of partnerships with many small banks, like credit unions. The company claims to be able to improve loan default rates at banks by 75%. I see decent near term potentials. The stock peaked at 400 in 2021, and crashed as low as 25$ in May despite 150% YoY earning growth.
Will they be able to profit and continue to grow in this tough economy and high interest rate? Let's find out on August's earnings.
This is an interesting play. Aside from the fundamentals, here's my TPs for the near term.
Bitcoin reversal pattern? Inverse H&S on 4hr chartHowdy folks!
highlighting the formation of an inverse head and shoulders for a possible sign of a bitcoin reversal.
$24k needs to become support, $27k needs to be hit to continue going upwards n price and bring favour back towards the bulls
if price crabs at $20k then expect to see lower prices towards $12-13k area for the next most likely bounce area
can go either way here, have fun, play smart x
Gan Fan 8/1 and 3/1 bearish levelsFrom the most recent L/L, Gan on a 45 shows that the candle wick touch points to the 8/1 and 3/1 on February 22nd, 24th, and 27th couldn't be more picture perfect and I will be watching these levels. I suspect further downside despite recent upside mania but will chart downside Gan support/resistance for further confirmation and clearer direction later.
Sometimes you just have to respect the maths.
Loading… 50%
██████▒▒▒▒▒▒
BTCUSDT STRONG BEARISH MOMENTUN UPDATE BTCUSDT weekly momentum is still bearish .The price reached the target zone 22500-24000 as said 2 weeks ago , if BTCUSDT break below 22k then the next price level is the 0.786 fib . I added GATOR & ALLIGATOR indicator to confirm the strong bearish momentum (the Gator is eating and expanding).Weekly still bearish until the Gator in sated phase
Invalid if price breaks 34243
Good LUck
IDX: TLKM FOR JUNE 2022weak support at 4000
weak resistance resistance at 4050
I Prefer Yellow trading plan
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
IDX: BBRI FOR JUNE 2022medium support at 4350
weak resistance resistance at 4460
I Prefer Green trading plan
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
A Good Chance of 0.8 in 3 DaysWe are at the second testing of the upper bound of the triangular formation consecutively without reaching the lower bound. This indicates that the bulls are pushing upwards and that a decisive move is imminent in the coming few hours. If the early hours of today are bullish to the point of breaking the upper bound, 0.8 could be reached easily within 3 days according to Fibonacci levels as well as Gann charts.
More Swinging to Come for EtheriumThere's an upside for the story: there's an upside for Ethereum on the short term. The downside is that the medium future is rather bleak. Etherium's curve seems to be going through a classical shedding phase since a while. From a geometrical perspective, it is hard to imagine a reversal soon; on the contrary, an avalanche similar to what happened with Bitcoin a few months ago is about to come, especially due to the correlation with the macro economy which will continue to struggle for a while.
Trend curve projections show that next week is a prominent challenge to the current surge. I expect ETH to struggle a bit but then move up for a while until it reaches the upper consolidation area about 2500, the upper bound of the forming triangle. That's when everyone would start thinking that Crypto is back and dream about the 100 million in their banks next year. Institutional traders and whales, meanwhile, will have made their millions already and will initiate selling, knowing that the current economy and the physics of the market can't support higher levels. An avalanche would ensue until it hits a bottom around 1300, touching the lower trend somewhere in August, perhaps, after breaking away from the lower bound of the triangle.
The theory is also supported by the volume profile which confirms the levels of the Gann charts.
UNSEEN SPY Bearish Volume MONTHLYI just checked SPY on the monthly using volume profile based opacity....
Apparently, we've never closed a month with the 3rd volume profile.
That being said, 2 days into June and we already have this profile...
```
avrg = ta.sma(volume, 14)
vol down 1 = volume > avrg * 1.5 and redCandle //1 aka solid red
vol down 2 = volume >= avrg * 0.5 and volume <= avrg * 1.5 and redCandle // 50% half red
vol down 3 = volume < avrg * 0.5 and redCandle // 90% transparent red
```
It's too early to tell, but June could very well prove to be the most bearish month in known history (trading view history) or optimistically, the last leg down.
However, given macro level economics such as the Ukraine conflict, the impending food shortages, Chinese drills near Taiwan and the overall strengthening of the chinese-russian alliance it seems unlikely to see a significant monthly reversal.
Even with the reopening of chinese manufacturing, the recent aggressive military display by china should be seen as extremely bearish as it is likely to start a global world war fought on two fronts...
Good luck bullz... you are going to need it...