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Tech Stocks This chart highly suggests that capitulation and peak fear is finally here. This is the chart of SQQQ, which is the inverse derivative of QQQ, which in turn tracks the Nasdaq 100. There's virtually no way that SQQQ's price can sustain a gap up like this on a weekly time frame. The gap is extremely likely to close and the price will move back below the Ichimoku Cloud resistance by the end of the week. Those who are just now selling tech and growth stocks because of inflation are capitulating. Inflation and rate hikes have been evident in the charts for over a year, and it, therefore, makes no sense to just now be selling tech. See my post here for why I believe this is the bottom for tech: With this said, if SQQQ does indeed close the week above the Ichimoku Cloud resistance and EMA exp ribbon then we're looking at a market crash. Statistically, this is highly unlikely to be the case though. The NDTH is far too low for QQQ to break down and crash just now. We are in peak fear/peak inflation/peak capitulation this week. In fact, this is a super good risk-to-reward entry. One can enter TQQQ/QQQ/tech this week and stop out on Friday if support breaks at the weekly close. If support holds, you would have bought in at the absolute bottom. If the Fed hikes rates by 75 bps on Wednesday, it's quite likely that the markets will quickly rally from this low. Not financial advice. Anything can happen. Trends can break.
NASDAQ:SQQQShort
by SpyMasterTrades
BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data. So let's start. First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts. Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts. Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC. Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000. According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction? As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity. Conclusion:- BTC bottom is around $18k-$22k The bull market starts after Nov. 2022 Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
BITSTAMP:BTCUSDLong
by CoreCrypto1
4
VETUSDT wants the Monthly support againThe price is creating a bear flag on 4 timeframes after the first pullback as I told you. What's the next? The price needs to hold the 4h support on 0.3$ after rejection on 0.5 Fibonacci level. How to approach it? IF the price is going to have a breakdown from the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
$BTC RSI is beautiful right now, let's see if the same happen?$BTC RSI is beautiful right now, let's see if the same happen? You can see at the last cycle, it broke the RSI downtrend and slowly played around for a few weeks, then back up. To me, because this current drop is so slow, because we are so oversold, and because other major indicators are showing a sign of reversal within the next month or so, we are close to the bottom. Of course, anything can happen, but I think that $20,000 BTC will be held and protected. ANYTHING CAN HAPPEN DCA your position.
COINBASE:BTCUSD
by Maddrix_club
ETH first indications of last wave (bottom soon)Hi everyone, We are hitting a series of 4's making me believe that we are nearing a bottom provided that we make a 'soft landing' in a sort of diagonal style instead of accelereting once more. If this is the case and if we are in a last wave down to complete our structure we need 5 smaller waves down. The minimum target is 1370 USD per Ethereum ranging untill 1264 USD. I believe this corrective structure will complete around 1350 USD. This is where I close my final shorts just to be safe. For people who have not entered a short at 1526 USD targeting 1375 USD is a nice trade setup with a stop loss above the previous blue iv at around 1544 USD. Keep the larger corrective structure in mind if you are entering this trade. Stay stafe and trade carefully since the 5th wave can allways accelerate and we can still get an extension afterwards. As Always this is no financial advice.
BITSTAMP:ETHUSDShort
by HodlCrypot
1
BTC Smackdown event 2022 Bulls vs BearsThis is how I see the rest of 2022 playing out. I see next week, last week in June hitting bottom for BTC to about 23K and then flat for a few days before aggressively bouncing as Fireworks go off! July and August will be big rally months for BTC up to 44K or 45K but then economic collapse of stocks and food shortage warnings will hit the world. This will send all stocks and crypto crashing down on or around Sept 2nd we will see this news coming out. Most of us see this anyways. Also with shortage in food, water and gas hitting hard at the start of 2024 as distribution centers report they can not keep up with demand to fill stores because they don't have the supply coming in. Nov and Dec we will see more on TV and News papers about this threat, and right after Christmas it will hit as we ring in the new year. This will be like the the great depression of 1929-39 In fact you can say it started with covid so that puts us almost 3 years in to it, and it will get very bad. The escalation of the UN and allied forces moving closer to Poland and Ukraine is also alarming as Russia basically signs it's demise and fall. So I think this will make Crypto and stocks fall faster then most think. Fear will sell, smart will buy the bottom. Because BTC has a Max number of minted coin, we know it will and has to go up. But here is another thought. What if the NATO starts trading in BTC and stops using USD. Or USD turns crypto and Fiat money is wiped out an attempt to bring the world together economically, to help isolate all communist (Russia China) . War is a booster for sure and ending the USD as the world currency by turning it crypto might keep America the world leader and secure freedom for all NATO. Just thinking outside the box because I believe it will shape how crypto gets excepted as the only funds available as FIAT is abolished. If not a lot of Country's including the US will have to pay back China, and that will never happen IMO. Good luck, stay safe, stock up for a year and never take anything anyone says as financial advice unless you are paying them to do so and never invest or trade more than you can afford to lose.
COINBASE:BTCUSD
by bigfootInvestments
5
HOW LOW, CAN WE GO! HOW LOW, CAN WE GO! (TOTAL2 VERSION)If I had to guess, the crypto market minus BTC still has ~10% of bleeding left to do before it hits previous support. Forgot to check but that's like a few billion at least. Breakdown & bear retest of 200 on 3D supports this idea Breakdown into oversold RSI on 3D indicates we may see a bounce soon - but it could also get stuck down there for a while while we continue down. I think the admirable performance of ETH is the only thing keeping this afloat right now, and will be the only reason this *doesn't* play out, if it catches support sooner. Anyone buying ETH around these levels will look like a genius a year or so from now... happy trades, always ~ CD
CRYPTOCAP:TOTAL2
by cryptodonovan
Significant Buying Opportunity ??? $SPY $SPX This is a long term monthly price channel of $SPX starting with the low in March 2009 up until the present. The mid point of the price channel has proven to be powerful support while the top end of the price channel has proven to be powerful resistance. There's only been six significant penetrations below the mid point of the price channel since this trend has been established. Each penetration of the midpoint ended up being a phenomenal buying opportunity with the lows of that penetration only being broken twice with both instances happening with in two months of the penetration and the low being surpassed and over taken with in the third month. The average gain between the penetration low and the next all time high has been 55% with a low of 25% and a high of nearly 94%. Each significant penetration has coincided with world-ending news: European Debt Crises, Changes in the White House, Trade War, Economic Shutdowns, Lingering Pandemic Outbreaks, Inflation...... Every single time the head lines screamed "This Time Is Different" So, is this time really different?
SP:SPXLong
by Breakout_Charts
5