SP500 Heading Down to 100-Week AverageThe SP500 is in a downtrend on a weekly basis as price continues to trend below the 50-week price average. Almost every time that the 50-week average fails to act as support, price falls to the 100-week average which currently rests near $3920, or roughly -8% lower than current price at $4260. Should that fail, the 200-week average would be the next area to look for potential support which is -20% from current price. All lower indicators are pointing toward more downside as all are indicating bearish trend and momentum behind price.
I've been short the major averages since January when I sold all of my stocks other than gold/silver, uranium and steel related holdings. No plans to sell my shorts or commodities as long as the SP500 is looking like this bearish. I feel that the geopolitical risk of Russia invading Ukraine has not been totally priced into markets, especially with the US now seizing assets of Russian oligarchs, shutting them off from the US Dollar, and talk of halting oil imports from Russia. Desperate countries do desperate things when pushed into a corner, and Russia is most certainly in a corner with no plans to back down.
Good luck out there traders.
ADX
Gold Loves Geopolitical RiskPutin sent "peace-keeping" troops into Ukraine today after declaring Donetsk and Lugansk as independent. Watching for a move in gold above $1917 for the precious metal party to really get going on the heels of geopolitical risk. We also still have record inflation and monetary tightening by the Federal Reserve planned to start in March which could lead to risk-off in markets and should bode well for gold as investors seek safety.
Price trend and lower indicators for gold are all pointing to higher prices from here. Stay long, stay strong and keep stacking gold and silver.
ADXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. There is the R1 line which is a resistance line. You can see the price accumulation below that line. If the line is broken, the price can go up to R2 and then R3. It is also possible for the price to come down to the S1 zone and then go up to the R2 zone after breaking the R1 line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
MicroStrategy testing FibonacciWe can see a high correlation between the company and BTC since the pandemic.
Looking at the monthly chart, the fact is that the price is now in an important Fibonacci region at 50%.
On the 1-hour chart, on the ADX indicator, we can see a decrease in the selling force (red arrows), and an increase in the buying force (green arrows),
forming a kind of symmetrical triangle, signaling a temporary indefiniteness.
I'm waiting in the cabin to see what happens.
Short TheKing ?
- ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view.
- Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash.
- That said i can tell you that 86% of institutional investors and assets managers are Long on BTC.
- So what i want to explain clearly is :
- Whales are just waiting for a big dip to buy your Bitcoins, they always cumulate BTC, they move them out from exchanges and keep in their wallets. no matter if BTC falls to 1000$, they will buy more.
- TheKing is still Alive because Whales never dropped their BTC, they dropped a bit for living, but this new nerd generation understood about the meaning of freedom in the "Satoshi Whitepaper".
- Most of the Whales are not driving a Lambo but drive a small car, they fly coach, they visit the planet, and they go supermarket like you and me.
- Retailers try to win money in the Both Ways because they are just greedy, Long and Short BTC, the problem is when you Short BTC you don't have your coins... you have your "Short Contract" (x2 at least).
- When you are shorting a disinflation technology, it means you are fighting with something made for a best future, less poverty, more equitability, better world for your family.
- When you are shorting BTC you are taking the risk that the exchange you are using close or get a hack, you cannot move a contract in an hardcore Wallet, but if you buy BTC, you can move coins in your Ledger.
- When you are shorting BTC, you own nothing. Not your coins. Not your Key. just the wind.
- i hope this makes some people's open eyes about a greedy financial system.
- Believe in TheKing!
Happy Tr4ding !
Final Shakeout Before Reversal?Biotech stocks have been hammered over the last year, with many currently trading at or below book value.
A reversal is due.
Some indications of a reversal in the short term with possible test of 118-120:
1. Price broke last low but is currently forming a bullish hammer.
2. Bullish divergence on the MACD histogram.
3. ADX below 20 indicates sell off is weak.
Low Risk Long Entry SELB1. Price near support + trendline.
2. Bullish divergence on the MACD.
3. ADX below 20 indicating that the sell off is weak.
4. Low volume sell off in line with rest of market/XBI.
5. Insider Dr. Timothy Springer (who made ~17000% on MRNA) keeps buying millions of shares above this level.
SHIBUSD 50sma ResistanceShiba Inu has failed to move above the 50sma after finding resistance at that level for the past week. Price risks falling back into the downtrend channel with a possible re-test of local lows near $0.00002826 which is roughly -18% from the current price of $0.00003560. Lower indicators are all showing bearish trend and momentum behind price in the short and intermediate-term. Should Bitcoin continue to show weakness, expect the rest of the altcoin market to follow suit.
Bitcoin Re-Testing 200sma SupportBitcoin has fallen back below the $50k level after price failed to advance above the purple 34ema for 5 consecutive days. Price is now testing the red 200sma again while also falling back into the purple downtrend channel. First level of support to watch for is near $40k(yellow), secondary support comes in near $30k(yellow). Lower indicators all pointing to more downside ahead for price in the short and medium-term.
SPY Bearish Divergences w/ Potential Triple Top$SPY S&P500 ETF. SPY is currently hesitating near all-time highs which has led to a potential bearish triple top formation(upper red arrows) on the daily chart. As price has stayed relatively the same since early November, the lower indicators have all been declining(lower red arrows) which has created a bearish divergence. The lower indicators all show that the internals behind the recent rally in price from October to November have weakened, but have not flipped bearish yet.
The PPO indicator shows the green PPO line trending below the purple signal line. This indicates a short-term loss of upward momentum in price. This indicator isn’t considered bearish until both the green and purple lines are below the 0 level. What we would need to see going forward in order for price to continue moving higher is for the green line to cross back above the purple and for both to continue moving higher.
The ADX indicator shows the green DI and purple DI lines overlapping which means that the short-term trend in price has flatlined. When the green line is above the purple line the short-term trend in price is up, and when the purple line is above the green line the short-term trend is down. The histogram behind the DI lines is declining which indicates weakening trend strength. What we want to see here is for the green DI line to cross back above the purple DI line, and then for the histogram to begin rising which would indicate a short-term bull trend with increasing strength.
The TDI indicator shows the green RSI line rolling over after finding resistance at the horizontal 60 level and the middle of the RSI Bollinger Bands. The intermediate momentum behind price can be considered bullish based on the fact that the RSI is above the horizontal 50 level and so is the center of the BBands. When both are below the 50 level the short and intermediate momentum in price can be considered bearish. What we want to see in this indicator is for the green RSI line to cross above the center of the BBands and then rise above the 60 level to give us a strong indication that the short-term and intermediate-term momentum behind price is bullish.
Worth noting is that as price rose this week, volume declined. This indicates that less traders were in the market moving price back up to test the all-time high near $470 after the previous double top.
Should price continue to hesitate and rollover over from here, local lows can be looked at for potential levels of support. The two most recent local lows to watch are at $450 and $425, those were the last two levels of demand prior to new all-time highs being made. If the market is still mostly bullish, those two levels will hold, with $425 being the critical level.
#sp500 #spy #spx #stocks #equities #trading #investing #chart #analysis #technical #indicators #candlestickchart #pricepercentoscillator #ppo #averagedirectionalindex #adx #tdi #tradersdynamicindex #rsi #relativestrengthindex #trend #momentum #tradingview #price #etf #divergence #bearish #bearishdivergence
Bitcoin 1/hr Fib ConsolidationBitcoin 1/hr chart shows price trending between the 50% and 61.8% Fibonacci retracement levels in a tight $1,800 range. The fib levels are drawn from the recent peak at $57,670(100%) and $42,333(0%). What we’re looking for here is a price move above the 61.8% fib level at $51,811 if we want to see continue gains. Should price fail to hold support at the 50% fib level at $50,000, then we can start to look at possible points of support at the 38.2%, 23.6% and 0% fib levels. Price would technically still be in an uptrend, albeit under a period of consolidation, as long as the $40k level isn’t breached. Should price fall below $40k the trend would flip from a period of consolidation to a new bear trend.
Lower indicators are looking favorable for bulls as they stand. The PPO indicator is showing both the green PPO line and purple signal line above the 0 level. In order for the uptrend in price to continue we need to see the green line cross back above the purple line and for both lines to move higher. That would indicate healthy bullish momentum behind price.
The ADX indicator shows the purple DI line above the green DI line which indicates a bearish trend behind price. The lines appear to be on the verge of another crossover though which would put the green line back above the purple line and indicate that there is a positive trend behind price.
The TDI indicator shows the green RSI line trending in the lower half of the purple BBands which indicates a negative trend for price in the short-term. The RSI line also recently attempted to cross above the 50 level, but rolled back over. Bitcoin needs to see an RSI reading above 50, and preferably 60, in order for momentum to be considered bullish.
Overall, neutral on price until the more risk-tolerant traders move it one direction or another. Above the 61.8% fib at $52k and bulls will be in charge, below the 50% fib at $50k and bears will have the upper hand on price movement.
Bitcoin Holding 50% Fib Level After a large drop over the weekend Bitcoin is holding above the 50% Fibonacci retracement level which is drawn from the July 20 low near $29,500(100% Fib) to the Nov 10 high at $69,000(0% Fib). This level is acting as decent support for now, but we have yet to see any eager buyers of size step in and push price back up into the blue uptrend channel, and above the 38% Fib level which is where price needs to be if we want to see the uptrend in Bitcoin continue-and by proxy the rest of the cryptosphere. For now the lower blue line of the uptrend channel and 39.2% Fib level can be considered overhead resistance levels for price in the short-term.
Should bulls be unable to push price higher from here and the 50% Fib level fails as support, we’re looking at a potential move back down near the yellow 61.8% Fib level to re-test the weekend lows. Just below there I’ve drawn a teal line near $40,000 that stems from local lows made back in September. That was the last area of strong demand prior to the dip this past weekend, and price held above it on this most recent dip. For now we can consider that area of support to still be valid.
Price will technically remain in an uptrend unless/until the $40k level is taken out as price stands right now. Should price fall below $40k bears will most likely take it all the way back down to test the summer lows near $29k as there are likely a lot of newly leveraged bulls in the market right now.
Currently neutral on price due to the magnitude of the weekend drop and lack of follow-through after the jump back up to $50k. Lower chart indicators are all showing negative trend and momentum for price which isn't helping the bullish case right now. Will turn bullish again if price can move back into the blue uptrend channel and above the 38.2% Fib level.
🆓Ambire AdEx (ADX) Dec-5 #ADX $ADX
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.55$ zone
🔴Buy : 0.6 - 0.55
🔴Sell : 0.75 - 0.9 - 1.1
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.55$ zone
🔵Sell : 0.55
🔵Buy : 0.48 - 0.42
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
ADA Primed for Another Bullish Runw Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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Analysis:
ADA forming bottom structure. Multiple RSI support validations in the same region, in conjunction w/ the most recent RSI down trend making a higher low.
Volume is setting up for an inverses head and shoulders type of structure. Volume spike over the overhang diagonal resistance line would be a solid entry signal.
VWAP RS flip @ buy trigger. These events should happen concurrently with -DI trending down, as it appears to have hit a local top, signaling a quality bottom structure.
FLWS Range BreakoutFLWS has been range trading since the earnings reported in April. We experienced one false breakout back in early June, but it was quickly thrown back into the range. Disregarding the intra-day break in September, we are in the middle of a second breakout attempt, which started with the October earnings. This break experienced a brief throwback before continuing on the bullish trend. A throwback tends to forewarn a weaker breakout.
Looking at RSI and ADX, we see bullish trends in both. There is a lack of volume accompanying this break. Breakouts can be valid without an accompanying increase in volume.
Fundamentally, FLWS tends to have its bests sales and revenues in the 4th quarter. This breakout coincides with the start of the 4th quarter. Optimistically this bullish trend could last into the holiday season.
Looking at the factors of the trade, I believe a half position and tighter stop are warranted.
4hr and Weekly charts provided for perspective
AdxUsdt#1234567890
#Abcdefghijklmnobqrstuvwxyz
I think It will fly soon
Not advice to buy or sell
just expectation
$IOST - Bullish Pinbar formed in Daily. Entering LONG#IOST has formed one of the most beautiful chart formations for me, consisting of a Daily pinbar in a strong support zone plus the MACD forming a twist in its MA’s, indicating a strong exchange in market direction.
ADX is super strong also, indicating the strong power of the current trend.
Placing Long positions from right here.
**WILL BE UPDATING**