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Fintwit

$ITNC - Dip Buy @ 2018, 2019, 2020, & 2021 "Low of Year" Prices$INTC is currently in the $44-$45 range, an area where it has bounced since 2018. High probability of bouncing again as it has already held this area even when SPY hit the 2022 low of year (so far) @ $405. This indicates strong demand in this area that bulls are likely to protect. The ultra conservative play here would be to set limit orders and for the supply zone marking the yearly highs from 2014-2017, and hoping for a dip that low. This seems unlikely unless $SPY breaks below the low of $405.
NASDAQ:INTCLong
by PyleStyle
What actually happened with Bitcoin?Hello everyone, how are y’all? Bitcoin has already Broken a major demand zone, what should happen now? Let’s check the news first before going into the technical analysis. There is a major fear in the market because of Russian Central Bank’s proposal to completely ban cryptocurrency trading and mining in the country. Russia is the 3rd major cryptocurrency mining country in the world. The bearish trend on daily chart was started by the news of Indian govt regulating the trading of cryptocurrencies, and Russia is maintaining the legacy. Fed Reserve’s stance on interest rates increment due to inflation has made people shift from cryptocurrencies to the less risky bond market. Stock markets of different countries are bleeding too. Technical Analysis (everything is mentioned in the chart tho) November 10, 2021 was the day when Bitcoin touched 69k and it’s been making red candles since then. In December, it made a leg upside which was a bull trap. Check out my idea on this bull trap through the link at the end of the idea, below the comments. Head and Shoulder Pattern: Here, on the daily timeframe, Bitcoin made a head and shoulders pattern which perfectly played out with the bearish news after making a pullback (marked by arrow). We can target the 30k demand zone for now. It is also following the trendline made in the chart. It has 3 touches. If you want detailed levels, do let me know in the comment box, I’ll share the chart with pitchfork levels. There is one other thing which is bothering me. Bitcoin is making a Double Top Pattern on weekly timeframe. Double tops usually don’t work out on higher timeframes, but it might work out if the news stay bearish. How to get out of your spot positions in altcoins, if this happens? If this actually happens, first thing you have to do is clear your head off and think if you want that money in the near future. If yes, then Bitcoin might make a move to the upside till around 40k, if this situation happens. You should get rid of your positions at that time only, but after consulting your financial advisor. Coming back to our idea, Bitcoin might return back to 37-38k level for a pullback. I will take these mentioned trades after some confirmations only. Will get the perfect entry on the lower timeframes. I will be sharing the log chart soon, stay tuned for it. Thank you, trade safe :)
Short
by theTAguy
What to expect leading up to this months OPEX.Every 3rd Friday of the calendar month is OPEX (Option Expiration). The difference during the most recent OPEX cycle was: Excessive Front Running OPEX DIP Evergrande / Contagion Debt Ceiling Crisis China / Taiwan Tensions Inflation / Hyperinflation ------- Kai Volatility ------ Kai Volatility refers what happened as a Second Move Phenomenon. read about it here Karsan: This is an effect of Oct Ivol being hi relative to everything behind it due to unbalanced dealer positioning. This makes it hard for market to decline w/any speed this week &’ll cause some combination of 3 effects:lower skew,lower IVol, & higher prices. The< of 1 the > of others. Q: Will that effect wear off with Vanna & Charm leaving next week (OCT11-15) though? Karsan: Yes. But the question remains, will we have fixed the technical damage and squeezed enough to support longer term flows by the time next week is here. ------------------------------- I reproduced this VIX I found on fintwit (full cred to stockcharts ) chart from to help illustrate this healing process. I'm watching the levels 4430 - 3 month point of control on volume profile 4365 - gamma flip line via @SpotGamma 4300-4400 - range of sept bear month. I highlighted some key closing points that have identical VIX structure and direction that would indicate a gap up Monday. Not Financial Advice. Only My Observations.
SP:SPX
by SPYvsGME
BBIG -- Zooming Out Lots of chatter on fintwit and discord over the past few weeks about BBIG... I'll spare you the backstory, and assume you've stumbled upon this chart purposefully. You know there's a merger, and you probably hoped last week was going to bring "more meaningful news!" and thus, "upwards price action!" "Tiktok!" they told you! Valuation! Billions of dollars! 7! 10 even!! Or at least that's what MrZack and his hairless lizard-person arms promised you. Sorry, nope. OptionsWolf cut the party short and reminded everyone there was a gap-fill owed around 3.50-3.70 and now bag holders are floating above 4.0 wondering, "wait, we still owe a lower gap fill move... right??." Well let's zoom out and look. This idea tracks patterns trend lines on the weekly chart, while flagging upcoming expiry dates. It may be a lazy man's POV (read: I ate a weed gummy), that volume will increase as the expiration date approaches (which will, in turn, affect the momentum of the price action). Actually never mind, BBIG's historical volume data supports that thesis. Also, did I mention there are still "catalysts" on the horizon? Despite the fact that no shiny valuation number came out on 6/24/21, the merger IS still on and the valuation WILL come out at some point. I expect the Zash/BBIG folks to milk every last drop of pump they can from "merger anticipation" hype. That means BBIG will grind higher and head back up to test resistance at 6 and IMO, I think it should break through. But also this isn't financial advice and who the fuck am I, anyway? I'm still holding profitable options, but I hedged on my commons and I may reload if I get a dip toward 3.75 again. I don't believe in the company, and generally think social media is poison. But also I love it, etc etc. patrick
B
by psc230
2
GBP/USD – Week 4 – Weak UK Economy, weak sterling.The latest UK PMI data expressed the ongoing weakness of the UK economy with the services index dropping further into contraction territory, while the bigger picture looked worse than the market expectations. Unfortunately, all these numbers point-out to a double-dip recession in the UK. From a technical perspective, the Sterling rose against the US Dollar the whole week reaching April 2018 levels. However, the latest bullish move doesn’t have much fuel left and it should soon fall into a deeper consolidation before resuming its weekly uptrend. Take notice that we might break the top one more time before the consolidation will start. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
4
EUR/USD – Week 4 – 1.20 next target?Euro gained some momentum last week with the price increasing correctively, as ECB kept the interest and deposit rate unchanged. The ECB’s dovish tone in regards with the effects of extended lockdown measures around Europe had a relatively weak impact for the Euro. Technically speaking, we expect this to be the start of a complex correction that we’ve been expecting in the past couple of weeks with the price potentially dropping below 1.20 levels. Keep an eye on the USD pairs on Wednesday as the FOMC releases its statement regarding monetary policy accompanied with the FED’s Interest Rate Decision. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
2