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Panicsells

Panic break outs, blood in the streets, sell sell sell... :)- Too many too strong resistances withing a down trend of the green symmetrical triangle. - Most of the resistance is between the SMA200 and MA200. - We test the red Ichimoku on 4h= another strong resistance. - We are below the red Ichimoku of daily = another strong resistance. * Closing daily below 10k = bearish... - We don't have enough volume buying power to hold the too many resistances in the green triangle which means we will break down. - Breaking the green means breaking the purple as well since way too many tests, means we gonna have v strong break as this is a very strong resistance. - With so much bearish panic, and such low buying power, and such strong breaks we will touch a 3rd time on the descending = break even harder... * Expect blood in the streets, fear, panic, death calls for BTC = time to buy at 5-8.2k <3
BITMEX:BTCUSD.PShort
by Hedgehog_king
SPY Ending wave v of (3) Bearish Reaction: Relief Rally (4) TBDMerry Christmas Traders! We find SPY near the termination of a minor fifth subwave v of Intermediate wave (3), which in turn is part of a larger primary wave One. Primary Wave One should terminate near SPY ETF price 219 on/about 31 Dec 18, after a 28-day decline from 3 Dec wave origin. Chart describes constituent components of Primary Wave One, including a i-ii-iii-iv-v minor negative impulse wave terminating in an A-B-C flat correction, and the subsequent steep decline to the "Christmas Crash" on 24 Dec, consisting of (so far) a wave 1-2-3- incomplete impulse. It seems likely that minor wave v of Intermediate (3) has terminated at Monday 24 Dec prices, given Fib extension of wave iii in price and time after four down days; however, a real possibility of a v wave Extension Path exists, shown as Alternate Path in chart. Given weak price action, panic-level selling could drive price to 226.5 before a 4th wave bounce. Intermediate Wave (5) target is 219.5, possible extension shown could drive prices as low as 211.5 or less. NB: Minor wave iii dropped ETF 10 pips, minor v has taken 7 more. Third waves are never the shortest waves. Selling waves typically last 3-5 days. Should get a turn on either 26 or 27 Dec for a likely 0.382 Fib retracement. A higher lift is possible but unlikely, given EW alternating wave theory, we already had a strong lift in 2nd reaction wave with a 0.50 Fibo retrace (noted on chart), ergo, expect this 4th wave will be relatively weak. A more robust Retracement Bear Rally of the entire December impulse would be expected after the completion of the (5) Intermediate Wave in December's bearish impulse, target shown in blue box as a rough possible estimate of ~ 254 - 265. Following that countertrend Secondary Rally, expect a powerful and severe Secondary Bearish Reaction with another 5-wave Impulse down to price levels reaching back to 2016, or even lower, should Panic and Despair prevail. Longer-term, I expect only more Bearishness. In 2008, NAS lost 80%, Dow lost 45% and SPX went off over half. This one will be worse. After 86 years since the Crash ended in August 1932, prices reached astronomical new highs in September 2018. There is a distinct possibility that this represents the culmination of a Grand Elliott Wave Supercycle, postulating Grand Wave V completed on 3 Sep 2018; if so, the Great Bear may finally be coming out of hibernation. Of course, this is speculative theory and remains unproved, nonetheless, it is a fascinating concept: en.wikipedia.org As always, these posts are purely informative ideas, and do not constitute investment advice. GLTA!
AMEX:SPYShort
by DaddySawbucks
19
May I introduce you..? That SELL-Off was nothing! ;-)#OverviewHey tradomanaics, quick a nice overview if the current situation of S&P500! Bulls feel the pain? Yep.. it was painfull for those who are long. BUT - That was nothing! :-O Check this chart and see where the real PAIN is waiting for us.. or the PROFIT? AS we can see - there is still a lot of space downwards before we reach the real paniczone! ;-) So calm down and wait. The US-earnings-season is going to show us important companys in the upcoming days. Peace and good trades Irasor Trading2ez Wanna see more`Don`t forget to follow me. Any questions? OM me. :-)
SP:SPX
by Trading2ez
2