GOLD Short Opportunity - March RECAPGreat Setup !
Price has downside momentum, retraced towards EMA and good P.A for entering, decent 2RR trade, will monitor trade and priceaction.
Downside
Consider the Long-Term ChartI'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the 50-mo. EMA after seemingly finding support a couple months ago. There's still considerable downside risk to the 200-mo. EMA where it has found long-term support in the past and it also happens to currently line up with a double bottom with the covid panic low from early 2020. Will it go down to the 200-mo EMA now? I'm not sure, I'm just saying that it could and you need to be prepared for that. I do know that if it continues to drop it would be a blood bath down at those levels and also a great long-term buying opportunity in my opinion (it could find support above, at or below the 200-mo EMA and an interesting level would be the top from the tech bubble around 2000 which lines up with a period of sideways consolidation from 2015-2016.
ETH is DEAD 2023!!!Ethereum price analysis shows a downward trend.
ETH has retreated from its two-day high of $1,219.
ETH is consolidating above $1,200, with a bearish tilt.
According to a recent Ethereum price analysis, the price of ETH has been bouncing in a very narrow range over the last few weeks. Ethereum has had a minor reversal today after a two-day run that saw the cryptocurrency briefly rally near $1,250 resistance.
Over the last two weeks, the price of Ethereum has been fluctuating in a band between $1,200 and $1,250. The bulls have failed to clear the critical barrier at $1,250 convincingly, and ETH/USD may potentially fall toward the $1,150 support level.
The overall market mood continues to be pessimistic, with ETH slipping below the 20-day moving average.
Ethereum is currently at $1,209.94, a 0.75 percent decrease from its two-day high of $1,219. The bulls must defend the $1,170-$1,180 support zone to commence a new rally toward $1,250.
A strong close below $1,170 may pave the way for a further slide toward the 50-day and 100-day moving averages, which are both at $1,100. The bulls must break above $1,250 to initiate a new rise in ETH/USD.
Ethereum price analysis on a daily chart reveals that ETH has been consolidating in a range above the $1,200 support. However, it has dropped out of the content in the last few hours. If the bears can sustain the price below $1,170, a more significant drop toward $1,100 is likely.
To begin a new upward trend, Ethereum must break over the $1,220 barrier. The overall market attitude is adverse, and bulls must generate momentum above $1,200 and $1,220 to sustain the price above essential supports.
On the 4-hour chart, the Relative Strength Index is below 50, indicating a bearish trend in ETH/USD. The MACD is also in the negative area, implying that ETH will suffer further losses in the short term.
Conclusion of Ethereum price analysis
Finally, Ethereum price analysis indicates that ETH/USD may continue erratic and range-bound until it finds a definite direction. On the downside, if the bears can break through the $1,170 support level, a larger drop toward $1,100 is likely. On the plus side, the bulls require to break above $1,220 and $1,250 levels to start a fresh increase.
$SPY Daily Chart MACD Crosswhoa whoa whoa ! a daily MACD cross recently ???? Let's see if we continue down !!
False BreakdownLooks like price tried to break to the downside and was stopped with some strong wicks these past few days.
Watching for a gap fill to the upside as it mean reverts back into the moving averages.
Once there, looking for possible short entry at resistances.
XRP 2022-2023 Head & ShouldersAre we seeing a possible head and shoulders forming here? This could be an interesting pattern with everything that is happening in crypto given the FTX collapse/contagion and other possible toxic accounts that have not been revealed that could be the last leg in bringing crypto to the last shakeout in this market. Target price with this pattern is around $0.13
OHHHHHHHHHHHHHH$16'200 - HIGH $15'000S INCOMING.... IT'S WRITTEN IN THE BIBLE
Give me $12'000 and I'll think about buying back...
looks like 10894 in octoberlook at the chart, it looks like 10894 in october if bitcoin follows the falling channel, who knows but the indicators like rsi and macd do not look good.
what do you think?
Bitcoin HTF overview - more downside$BTC basically at the 2017 high right now. Should be strong support.
But looking at this 1W HTF chart I can't help but see more downside potential. Seems very counterintuitive to look at this chart and conclude the lows are in, imo. Notice the increase in volume as price continues to drop.
And looking at the volume profile, and the visible gap, I don't think a drop to 13k would be unrealistic before the next bull market (2024?).
One thing I wonder, looking at that POC, is if 9k would happen at one point. Could be a very quick move. Not a bad idea to set a buy order imo, just in case.
BEARISH DREAMZNothing confirmed but a possible bearish impulse scenario I could see playing out given geopolitical events, hawkish fed, housing/commodities inflation related, or a mixing pot.
Still got room to shitStill got room to fall plenty of room actually and I believe it will do so indeed....... Just a waiting game but we'll see
BTC Bottom Getting CloseWe could expect further downside on BTC's price but I would say its getting close to the bottom. BTC has not yet crossed below the first orange line on the LMACD, which the other two times in the bear market has indicated the bottom for BTC then followed to find support before breaking out.
USD/JPY to dropThis market has been looking quite bullish and is has been overbought as indicated by the RSI.
I'm anticipating a sell but not just yet.
○Mark out HL of the trend
○Wait for them to be broken.
○Enter at retest.
Possible DropBitcoin has already broken the support level at 37k. If it breaks below the next support zone (marked in red) we may see prices drop to around 24k level.
I think this is very clear to go down 0.0025Metahash supports are broken and going down to 0.0025.
The big support was 39.
This is not investment advice.
GOLD long term short positionsLooking for a longer term daily downside trend, so ill be looking for a better entry point to look at adding some sell positions for another continuation leg to the downside.. If price pushes up above the last high this trade idea is obviously invalid.
ROKURoku maybe after ER will finally go down towards that 70 target??
I'd be interested in playing the puts to the downside on this name after what I saw happen to NFLX.
Weekly looks like it wants continued downside.
$SPY Chart ahead of #FOMC March Meeting (March Prediction)I think fed will surprise the markets with a 0.50 rate hike at the March 15-16 meeting. I think the rate hike + a spike in bond yields will decimate the market. In panic many retail traders will get washed out and sit on the sidelines. In response, funds & whales will prop up the market on low volume to then decimate the market with shorts. They will rinse and repeat all the way down IMO
GME to $107 MARCH 4th Noticing a trend on the charts that if it were to play out, we'd see GME to $107 tomorrow which, then has it climbing until the 8th, which oddly enough is the Apply event, which then has it coming back down, go figure. Anyway, I've highlighted the buy zone in red, and included a rough arrow outline of my idea. Be careful of a break in trend (green), you may see 90 or lower.
I sold my 5 shares, so expect GME to squeeze to $100k tomorrow.
GBPJPY SELL SETUPGBPUSD CMP 156.239 will be fall down above the price 157.300 on its down side 154.600 to 153.000 level
Connect and take this your watch list we will update time to time for proper entry price.
Expect more downsideEvery time IWM goes sideways for some time it break to the downside. It has this bad tendency to do that. Also lot of bad stuff going around now in the world. I expect a retest and then more downside.
Bull week into CPI ??Hey guys, As Silver is holding above the green line outlined in the previous post and the Us100 has a bullish divergence on the RSI in the 1 hour timeframe I believe we will see a good start to Feb but unless something fundamentally changes in the world economy with Inflation / Fed policy the market will fall from this bounce. This is also backed by seasonality of the markets into FEB/MARCH and also a bad January has led into a bad February 70% of the time over the last 60 years. So with that in mind I have my eyes on the 10yr and 2 yr yields, silver and the CPI coming out Friday to show me when and if this analysis plays out, if we get and inverted yield curve, silver breaks to the downside and/or CPI still hot then the market has its catalyst to fall.
