100k BTC. NOT going to happen. Here is why. After two full months of strong uptrend Bitcoin’s bullish behaviour has started to weaken.
My personal opinion is that we are overdue a deep correction. I am calling for a ~35% decline taking the asset to the ~$5,000 area by the end of the year.
In panel 1 and 2 we have the linear and log fractal describing this. For further discussion please visit the following projections:
Logged-recovery-pattern-5500-before-year-end
Logged-recovery-pattern-One-peg-lower
Logged-recovery-pattern-3000-before-year-end
This-is-Why-I-ve-Been-Long-in-Bitcoin-But-Not-Bullish
In panel 3 and 4 we have a different linear and log fractal described by a number of other traders on this forum. These fractals make enticing graphs and are suggestive of a value that could soar well beyond 100k by q4 2020.
These graphs fit nicely on a logarithmic curve but when these figures are plotted in a linear manner the outcome seems implausible if not impossible. These are the events that need to take place in order for their projection to be true:
• Bitcoin will have a net capital inflow of 13X by August 2020. That’s its total market cap at present coming in every month for the next 13 months.
• In little over a year Bitcoin will grow to $1,835,690,924,886 or $1.8 trillion. This would need to take place in climate of global economic uncertainty.
• Bitcoin will have a larger market capitalisation that Apple and Google.
• Bitcoin will surpass U.S. currency in circulation ($1.2 trillion)
• To achieve 100k by year end 2020 Bitcoin will need to progress consistently along an 80 degree growth slope.
• This would require the early investors of Bitcoin (Barry Silbert, Tim Draper, Tyler and Cameron Winklevoss, Charlie Sherem, Jihan Wu, Micree Zhan, FBI, Satoshi Nakamoto) to hold hundreds of billions of dollars of Bitcoin without divesting. If they divested, the addition of equivalent capital would be required to hold up the market capitalisation.
NOT GOING TO HAPPEN!
Sp500short
What is the nearest target? #S&P500This review continues our previous reviews, we can see that the model of the Double top happened when the Sp500 reached 2940, since its price only drops, the question is how far will the declines continue?
You can see that according to the Stochastic SP500 has another margin to fall.
You can also see that 2611 is proper support (3 times the support lasted).
We should not forget that the long-term trend is an upward trend, and these are only healthy corrections.
US China trade war is not over. Bitcoin will pay the price.Bitcoin does not act in isolation from the world economies, fact. There are times that Bitcoin movement is inconsistent with world markets but in general, a bull market in world economies contributes to a bull market in the crypto-currency space.
This is especially true for the Chinese economy who were responsible for >80% of Bitcoins trade volume prior to its ban in December 2017. Please note this aligns with the start of Bitcoins economic collapse. Likewise, the Bitcoin market recovery starting Jan 2018 is aligned with the Trump Xi trade war truce that saw the S&P500 and China A50 markets surge.
I believe these two world markets are due a correction and that this will contribute to the Bitcoin bear market. Please refer to a previously proposed short on United States S&P500 and China A50.
The-Trade-War-Is-Not-Over:
These analyses serve as a supplement to:
-Logged-recovery-pattern-5500-before-year-end/
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S&P500 Index (The Ghosts Of US-CN trade wars are Back)View On S&P; 500 (10 May 2019)
Back Ground: SP500 has reached to the last year high and all the hell start to break loss. Out of sudden, the ghosts of the trade war are back.
Things to See: Currently BULLs and BEARs are wrestling hard, and the current sell down can swing back up for a retest. If you wanna short, it is better for you to wait for the dead cat bounce to get over first.
You can wait at 2,950 again if you want.
DYODD, all the best and read the disclaimer too.
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S&P 500 ShortThe SP500 Index had a strong rejection after failing to get a clean break through the previous resistance at 2950 levels.
The price level has now crossed below 50 days moving average and is testing the support/consolidation area. If the current support level does not hold, we could see a further move to the down side as bearish momentum has been building up since the downturn from 2950 levels and fundamentally the trade tensions between US and China isn't getting any better yet. Investors are still waiting to see what will come out of the meeting between Trump and Xi as they are expected to meet at the G-20 summit in June.
A break below the 200 days moving average will be bad news for the market as it is a historically a strong technical support level that many traders keep a close watch on.
S&P to see BEAR market really soonUsing the Elliot Wave Theory on the S&P, if this plays out, things could get really ugly in the near future. US economy already looks weak with the fundamentals lining up
We already recently seen a strong climb back up with the bulls seeming to exhaust out. S&P has already started to see some significant red candles over the past few days. Could this be the start for us to head back down to equilibrium of where prices should be normalized once again and get out of our over inflated market and economy. We shall see !
S&P 500: Headed lower?Since this "miracle" rally began after Christmas, many investors have wondered when shorting seems like an option. In my opinion that time has pretty much arrived. Of course during this rally there were some small short opportunities but then again trading against the trend can be tricky and costly aka "The trend is your friend".
On the other hand we have of course the full saying "The trend is your friend until the end when it bends". In my opinion that bending has pretty much started.
As seen in the chart after the new ATH it started a decent, making the DMI's cross and tipping the SAR in "reverse". Now the SAR isnt always perfect so generally I wait a few days for confirmation just like the ADX/DMI because technically the ADX needs to be above 20 to be "trending".
After a few days it dipped below the Wilder's MA and staying below that even after a short "bull" move. In the same period the DMI- showed that negative pressure still had the high ground even after a couple green candles.
Now that the ADX line reset itself I think we can see the start of a new trend more clearly.
First of all a break through the 2800-2820 zone would be best since that this area has some history of being a "sup/res" point. After that is completed I expect it to drop about a 100 points tot the 2700-2720 area. That would be more a psychological barrier but has some ground as support. Finish that I think a target at 2600 would be reasonable.
Any questions or comments feel free to do so. Please keep it civil!
Other than that I wish you Happy Trading.
Disclaimer: Use this analyses however you want, but don't come knocking on my door for your losses. Trading this would be your own risk and I'm not obligated to take responsibility for that.
SP500 crazy ideaat least T1 around 2700 strong signs for it
T2 2550 maybe but low chance
T3 crazy! breaking the long time fibo channel to retest the previous low? very low chance
T4 insane! super insane actually! If the market crashes it has the potential that history repeated. which history? look at the chart and I showed there. Super crazy though! There are very good fundamentals around companies and I honestly do not even see target 2! but name is crazy idea so lets think crazy!
The USA vs CHINA a view over the 2 Index by ThinkingAntsOkUSA vs China
-Trade War between those two country’s has shown how the markets react on a Negative way to this kind of events.
-Since May 1, Sp500 futures have been falling 5% from Historical Higher highs due to conflicts with China, however, China Index has been on a bearish movement since 17th of April accumulating a bearish move of -10,21%, more than twice of the E-mini SP 500
-While this conflict keep on going we can expect markets to keep reacting on a negative way
-On E-Mini Sp500 we can see that price is inside a bearish channel since the beginning of the movement, this channel has been working as the main trend of that move.
- By Elliott wave theory we can label this structure as a Complex corrective form “ Triple - Threes” and we can expect price to reach again the bottom trendline of the bearish channel, before starting a correction of the whole down movement
- On China Index if price consolidates below 10645.00 we can expect a continuation of the bearish trend towards 9962.00
UPDATE ON SP 500 OVER +1300 PIPSNow a couple of weeks ago, maybe a month ago. I sent out the long term analysis on what the heck will happen with SP 500. Told all LEH traders to use the calculate the stop loss of 300 pips accordingly towards their account amount. This is the best trade for the year so far. I didn't expect it to drop so fast, assuming it will take at least a couple months before we reach +1000 pips but here we are, enjoy your profits folks. The analysis is in the related ideas.
Cheers, Thomas
Stocks Likely to Close the GapWith the trade war escalating, stocks are likely to continue their slide. Investors world wide were hoping for clarification on the trade war, but what they received was an ambiguous tweet that was later deleted. China appears ready to escalate, which should add to the tensions and risk off tone.
Stocks are very likely to close the gap down to lower levels, through the vacuum zone. The Kovach Momentum Indicators have waned a bit, but momentum is likely to pick up closer to open. After testing 2837, it is likely that they will slice through this level if fear persists.
SP500 Sitting on the 50MA. Striking Similarities with 2018SP500 Futures are sitting right on the 50MA at approximately 2862 this morning before the open. Striking similarities with the 2018 fractal. The market topped, paused briefly on the 50MA. Upon breaking the 50MA, the market plummetted nearly 392bps in a single session on a red 5 candle (TD indicator), which is exactly what it's setting up to do now. If the 50MA is broken, watch out below.
SP500 Trading Firmly in Upward Channel_Practice PatienceI must admit, I've been bearish this entire ascent. Taking a step back, the trend is clear as day--the SP 500 is trading firmly inside an ascending channel. I tend to disagree with those that have drawn the upward channel more along the lines of an ascending wedge--in other words, there's room to run to the upside. The ascending wedge pattern shows less "room" at the top of the channel, meaning a breakout up or down is imminent. Everyone that follows the core indices is aware that bearish signals abound (overbought, divergence, etc.), yet the market continues to grind higher. Pullbacks are quickly bought and price has continued its ascent. There's been two "touches" of the lower channel, similar to the 2018 fractal, so something to keep in mind. My playbook is to wait for confirmation that a breakdown is coming...forego capturing any gains trading inside the wedge and wait for a true signal. Learned some major lessons these past four months...challenge your internal bias and play the trend bc its clear as day on this chart. Wait for true confirmation.
Please like if this is helpful.
MS
SP500 Breakdown Near Top of Rising WedgeI've been following, waiting patiently for the breakdown. The market was unstoppable, nothing could shake it. Yesterday's reversal was bizarre, but the breakdown provided a wonderful buying opportunity (short). Further breakdown to come...lets see where we find support.
short at 2942 to target 2880 and 2800 as near a bubblenear a bubble look likte
rsi divergence
all time highs but still world slowdown and many other problem
trade talk not finish
brexit not finish
election
europe trade war
so manything
market is on euphoria
I NOT MAKE STOP LOST ON THIS TRADE AS MYSELF I TARGET LESS THAN 2800 !!
SPXS declining wedge coming to an end: breakout incoming! SPXS declining wedge pattern coming to ahead in the next few trading days. Watch for a daily close breakout and load up on your SPXS longs. RSI screaming oversold. VIX starting to show uptrend meaning impending volatility. Hold on to your pants.
If you already sell, then now even more! #SP500We recommend a sell signal although the trend is bullish and very risky to trade against the trend, the reasons are:
1. In the daily graph, we have a Double top and a stochastic that started its decline.
2. On the weekly chart according to the Stochastic, we are completely overbought (looking at the past we can see that this did not always cause significant declines)
3. On the monthly chart according to the Stochastic, we reach the last top line of the overbought
Our target 2775
Current price: 2928
SPX: Trading the Pythagrorean dilationShort based on chart.
A sure bet when trading it in four dimensions but risky when only in three. Since this is a four-dimensional dilation pattern it suffers from relativity and uncertainty: do your best to account for price momentum when determining your position.
Short S&P 500 Potential Bearish Wedge We currently see the S&P 500 in an uptrend as the index gaped higher Friday above the key resistance level at $2900 on the back of strong Q1 earnings from JP Morgan, Wells Fargo and PNC. This is confirmed by the 20 day moving average of $2836 having risen through the longer-term 100 day moving average of $2698 indicating a buy alert. Also, the 50 day moving average currently at $2783 has crossed the 100 day moving average confirming the buy signal. Additionally, the RSI is currently 69.3 nearing the upper end of the range ie: 70 signalling the index is on the verge of being overbought.
As a result, we see a potential bearish rising wedge for the S&P 500 with higher highs and even higher lows with prices breaking resulting in a correction towards the key resistance level at around 2600. Therefore,we expect the index to continue rising towards it’s all time high around $2940 before a possible subsequent sell off.