BITCOIN CAN GO DOWN AGAIN!!Since the 16th of june, btc has entered a correction phase, and today the btc breaks the channel where it was balancing.
So what can we expect?
The market will probably try to do a pullback on the 50 MA and the parallel channel at the same time, and then go all the way down again to 17616!
Bullrun
Meta – Is it Finally Time to Buy?If you like this idea don’t forget to BOOST it.
Fundamental Indicators:
Sector – Communication Services
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue – consistent growth for the past 10 years, 25% average annual growth rate for the past 5 years but with a considerable slowdown in 2022 TTM
Profits – dropping in 2022 TTM
Net margin – impressive 28% but reduced from previous 30-40% levels
P/E – already acceptable with 14 ratio compared to S&P500 with 21 and Communication Services sector 17
Liabilities - debt ratio is at 0.26 which is within normal limits, Net Debt/ EBITDA is negative – no problems with debt
Conclusion – although still good financial performance the latest reports are showing slowdown in user base and ad revenue growth, as well as high CAPEX investments into new platform Metaverse – all indicating that there are no positive signs for the new growth cycle yet, but given low PE it is likely to have another mid-term rally (see below scenarios)
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that the peak of August 2021 saw completion of the first global wave, and we are currently observing formation of wave 2 (see higher timeframe graph)
The sharp fall from historic high is likely to be the first leg of the overall correction in wave 2 and is shaped by ABC zigzag
Wave A and B have been fully completed and wave C is also near completion with an Ending Diagonal in wave 5 (see guidelines for Ending Diagonals below)
Once the current low of $154.25 is slightly pierced by the final zigzag of wave 5 we are likely to see a rally to the upside, possible scenarios are depicted below
This is a higher timeframe to reflect the full history of Meta and to provide full wave count:
This is the link to the guidelines for Ending Diagonals
What do you think about Meta and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it.
Thanks
Bullish GER30 ?So far the bullish trendline has been respected, let us anticipate whether out support will be respected once more and from that we can expect a bullish GER30 once more
Probably BITCOIN may local Top Here? or Move higher!! #BTC Weekly Chart
When I tried to look at BTC from macro/weekly time frame, my perspective changed a little. I'm not much convinced with this rally from 17.6k to 25k unless and until we break that Giant Trend-line initiating from Nov 2021(Cycle Top).
I'll sum this chart here in brief for your better understanding. Btc made All time High in Nov 2021 which marked start of Bear run.
Bear Run Phase 1 - Dump from Nov 2021(69k) to Jan 2022 (33k) and Relief rally from Jan 2022 (33k) to March 2022 (48k - Higher Low)
Bear Run Phase 2 - Dump from March 2022 (48k) to June 2022 (18k) and Relief Rally from June 2022 (18k) to Aug 2022 (25-27k Potential next HL)
Only positive here is Btc is back above weekly MA 200 which is giving it a Little bullish insights. I personally believe, Btc will like do a Fakeout this week or by next week towards 25-27k, touch the trendline and head towards another Bear Phase. Only break of this trend-line and close above it will make Bullish Case Alive.
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QQQ Uptrend BULL biasFrom the Daily Chart, QQQ is now in an uptrend above
the support of the daily SMA 50, 100, and 200 in somewhat of an ascending wedge pattern.
Distant support is the buy order zone while distant resistance is the
sell order zone above. Immediate ( and breakable ) resistance is
the POC of the volume profile.
I conclude that QQQ is in a sustained up-trend that could be entered
using a stop loss set just below the SMA 200 on the chart in blue.
What is your opinion? NASDAQ:QQQ Please comment.
DXY (1W) ready for next BULL Run = Risk Off mode incoming. Hi Traders,
As you probably think what is the best indicator // driving force of current Stock / Crypto / Commodity markets (?)...
Its probably Dollar Index. You can see its going upwards in a HUGE channel.
If there is THE Recession coming (or its already in progress) ... than we Have to follow what is doing the World reserve currency. (Until it well be replaced or loose some of its position in a mix of other currencies).
So MAJOR trend is upwards, as you can see at 1W/1M chart.
Minor trend at 1D chart is currently sideways / down. 1D chart is attached. = Seems like its forming a BULL flag.
Hence right now most indexes are in corrective stage and many of them corrected about 50%+ Upwards from local lows.
Lets see what is going to happen in next months.
My Humble expectation is there will be 6+ (up to 18 months) of Bear market.
It will depend a LOT what can do Central banks to save the situation if its really necessary (High inflation, decreasing GDP, Economic slowdown, ...).
Take care and stay Green ;)
Here I call it. THIS IS A BEAR-MARKET RALLY!This analysis in context of the general markets as the general market sentiment decides my crypto bias.
- I see rally driven on low institutional buy-back volume
- I see leading global economy in denial
- I see inflation at a super-high levels and not coming down
- I see real-estate entering bubble territory
- I see demand destruction
- I see consumer purchasing power folding
- I see complex military conflicts from global proportions
Do you honestly think without retails share a market can enter bull cycle?
Strong retail is PREREQUISITE for strong market and retail now is anything but strong.
SPY $424 then bounce off 9mMA and 20mMA crossover about AUG19Everything for SPY appears to target AUG19 as the potential roll over at 9monthly MA and 20monthly MA crossover. VIX will hit about 18 if this price is achieved.
Purple curve represents realized Volatility.
Orange curve represents implied volatility for AUG19 when it was taken around JUL monthly.
Realized Volatility set-up to reach 9MA @ $424 SPY.
Slow-Stoch is showing exhaustion but a short is not wise until it falls under 80.
TD9 = exhausted but keeps regenerating on periodic intersections.
Won't long - too little payoff to risk, but won't short either. Will wait for more info.
Keep Tata motors stock in watchlist.Tata motors stock has been in bull run since last 2 years.
Observing the weekly chart shows a clear formation of Inverted Head & shoulders pattern in the stock.
It can test the neckline definitely in near future which is around 500-520 which is almost 7-8% from CMP.
A weekly closing above 520 levels or above 52 week high of 537 can make the stock move to its ATH levels of 600 and above.
QNT in a falling wedge! Keep an eye on this setup!Here's a quick Look at QNT 1 hr chart. As we can see, the price has been forming a falling wedge and a break to the upside could be around the corner. If BTC goes south, then this setup won't be relevant.
The best entry would be when the price breaks above 125.2$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 125.2$ and take profits at the levels shown in the chart.
Targets:
1. 128$
2. 133$
3. 139$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Bitcoin Logarithmic Growth - 2023 ATHBitcoin Logarithmic Growth curves displaying historic price movement since its existence. A lot of discussion now on whether the recent 'top' was a completion of our 4th bullrun or not.
We don't know for sure yet, but here are some things we do know at this point in time:
- Price has touched the upper band of the Log curve at the end of a bullrun, this has happened 3 times in history - highlighted in red
- Price has touched the lower band of the Log curve at the end of bear markets, this has happened at least 3 times in history - highlighted in green
- Price % increases have gotten smaller over time with each bullrun, as is normal with a maturing asset on a Logarithmic scale
- Bitcoin's length (time/bars) of bull runs have been getting longer with each one
○ 11 bars, 24 bars, 35 bars respectively - highlighted in yellow
Present situation:
- Price has not touched the upper band of the Log curve - highlighted in upper grey circle
- Price has not touched the lower band of the Log curve - highlighted in lower grey circle
- Bitcoin's bullrun, if peaked already, will have DECREASED in length (1st time in history) relative to past runs, sitting at 27 bars at the peak of 69k - highlighted in lower grey box
If Bitcoin's bull run is still 'in process', then it currently fits the thesis and we could expect an ATH peak in late 2023, somewhere around 55 bars to completion and a tap of the upper band on the Log curve - highlighted in upper grey box. If this is the case, we do not want to see a touch of the lower band on the Log curve to further validate this.
Or, you can argue we've seen our bullrun already and topped at 69k, many make this argument and it's perfectly fine. If this is the case, however, then in theory we would be nearing our end of bear market bottom, around 16-17k or perhaps one more lower low to finally bottom on a touch of the lower band of the Log curve.
Whichever side you are in belief of, the resulting action should be quite similar as an investor/trader imo- that is, to look for long term positions or DCA, in my opinion, beginning from a month ago to end of this year is the time to be accumulating.
My thoughts!
FRACTAL ANALYSIS. V SHAPE RECOVERY. 20% CHANCE. SEE DESCRIPTION.So, i have something to share with you. This is just my vision. JUST MY FANTASY. Let's speak about it now.
***WARNING*** YOU WILL BECOME A MOON BOY/GIRL, SO REMEMBER THAT IT IS ONLY 20% CHANCE.
I used fractal analysis (took a fractal from covid dump and V shape recovery that happened in 2020), to predict what can possibly happen. During Covid dump It was absolutely the same - unpredicted conditions on the markets and bad macro economic factors in general. During 2022 dip in Crypto people has been expecting the CRASH OF FINANCIAL SYSTEM, but in general we received 9.5% CPI rates and this is it. Same was with Covid dump. People has been expecting apocalypses, but economy recovered in 6 months and a lot of people who bought crypto during these dip became a millionaires just in one year (imagine ETH for $80).
According to this theory, i think, that even stock2flow model can be still correct. Just timeframes have been changed.
So lets speak about the cycle. I think, if we will see this option playing out, than overall bullish trend of 2021 was just a pre-bullrun. Real bullrun in this case should happen in 2023 when BTC will hit $300K+ price target. THE FOMO WILL BE ABSOLUTELY UNBEARABLE. And this will be the end of this cycle and we will see another bear market (apx. since september 2023 till september 2024) with an absolute bottom for 1BTC at $70k-80k.
And just enjoy how this fractal perfectly matches everything. So according to this model - we will see $60K+ for 1 BTC at the end of this year. And $300K+ for 1 BTC in the next 12 months. Crazy? yes. Possible? Yes. Will it happen? I would say yes with a 20% chance 😁
BTC - The Upcoming Move that Will Surprise Most Everyone?!? I’m just gonna leave this here. What you’re looking at is a bar pattern copy of a previous move bitcoin has made overlaid onto the current chart - One that just so happens to align nearly perfectly with the Fibonacci levels, from the last daily swing low, to the hypothetically soon-coming swing hight, which would put the upcoming 0.382 at around $23,421, the golden pocket $27,000-$27,500 range, the 0.786 at around $29,585 and the 1.0 at $32,850, peaking there, sometime around August 15th to August 18th.
Let me know what y’all think.
***I’m not a Financial advisor nothing I said is financial advice and you shouldn’t buy or sell anything just because I discussed it in this post. You, and you alone are responsible for your financial decisions and risk management.
Is the Bull Run Over?Throughout the years following the Great Recession, many market analysts have warned that the bull run was ending.
Here's one such article from 2016: www.yahoo.com
So naturally, an important question for traders is how to objectively detect whether or not the bull run has ended by using charts.
My chart above aims to do that by using statistical tools. The chart uses a log-linear regression channel on the monthly chart of SPY to measure whether or not the bull run is intact. To create this log-linear regression channel, I added the "Linear Regression (Log Scale)" indicator by @Forza . I also added the "Linear Regression Formula" by @alexgrover to better gauge smaller scale trend reversals.
I modified the log-linear regression channel settings to include the entire period of the bull run following the Great Recession. More specifically, my look back period is from the bottom of the Great Recession (Count: 162, since it occurred 162 months ago). I kept the standard deviation at 2. A standard deviation of 2 means that this channel is likely to contain 95% of all price action.
Here are the ways that I use this log-linear regression channel to determine whether or not the bull run is still intact:
If price closes below the lower channel line, the next monthly candle must move back up and, at a minimum, tag the lower channel line. (This shows that buyers are coming in to buy the dip)
The linear regression line (the thin oscillating red line) cannot fall below the lower channel line of log-linear regression channel at the time of any monthly close. (If this line falls below the lower channel line it could resist price as it attempts to re-enter the channel, which in turn could signal an end to the trend).
Once price closes below the lower channel line, and then recovers to close above the lower channel line, price cannot then close below the channel again without first reaching the mean (red center line of the channel). (See below for illustration)
This last rule is important because it signifies that there were not enough buyers who were interested in buying the dip so as to enable price to recover to the mean.
If any of these rules fail, then it is a sign of weakness and the bull run that has been in place since the Great Recession may be ending.
My chart also shows overthrows, or periods when price thrusts above the 2nd standard deviation from the mean. (See chart below)
When the linear regression line crosses above the upper channel of the log-linear regression line that sends a signal that we are near a market top. In November 2021, the monthly SPY candle formed a bearish inverted hammer, which sent an additional signal that we are near the top. These signals are opportunities to become more defensive (e.g sell call options, begin to trail and narrow your stop losses for long position, stop adding new long positions).
Some traders may ask: What is the difference between a log-linear regression channel and just drawing a channel using candlesticks closing prices? The answer is that in the case of a log-linear regression channel the channel is derived mathematically from price action using a mean and standard deviations. One benefit of this method over drawing a channel using price action is that you can better detect overthrows and underthrows. This is to say that rather than drawing a wider channel to include all closing prices, a log-linear regression channel draws a narrower channel and signals high-probability buying and selling opportunities when price closes below or above the channel, respectively. Another difference is that a regression channel will not be as skewed by an outlier candlestick.
Aside from helping to determine if the bull run is over, this chart can help you decipher whether or not bullish predictions are realistic. For example, there are bulls on Trading View calling for SPY to reach 600 next year, unfortunately, that's unlikely to happen. In fact, based on this log-linear regression channel, the probability of that happening is less than 2.5% because it would require SPY to thrust above the upper channel line (2 standard deviations from the mean) of the log-linear regression channel. (See below for a diagram)
In summary, the stock market may seem like a roller coaster that randomly takes drastic swings, but the highs and lows of these swings are quite predictable.
UPDATE: FORTH UP 243% after bullish signal 🚀FORTH pumped 243% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background).
FORTH broke out of the bullish Zone of the Ichimoku Cloud , which is bullish . The RSI is in the overbought zone at 85. RSI Brown at 123. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish , as it is pointing downwards. Currently FORTH is way above its upper Bollinger Band , Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely. The risk to reward right now to enter a trade is bad.
Waiting patiently on a bullish Supertrend Ninja signal, before entering a long paid off.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
UPDATE: WING UP 600% after bullish signal 🚀WING pumped 600% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background).
WING broke out of the bullish Zone of the Ichimoku Cloud , which is bullish . The RSI is in the overbought zone at 95. RSI Brown at 133. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish, as it is pointing downwards. Currently WING is way above its upper Bollinger Band, Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely. The risk to reward right now to enter a trade is bad.
Waiting patiently on a bullish Supertrend Ninja signal, before entering a long paid off.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.