Bear MArket Warm UP - U.S. stock markets opened sharply lower on Thursday after a new 40-year record high for U.S. inflation stoked fears that the Federal Reserve will have to raise interest rates repeatedly this year.
Earlier, official statistics showed the consumer price index rose 0.6% on the month and 7.5% on the year, its highest since 1982. The rise in prices was broad-based, with the majority of sub-categories for various goods and services showing an inflation rate of over 5%. The labor market, too, showed further signs of having ridden out disruptions from the wave of Omicron-variant Covid-19 quickly, with initial jobless claims falling by more than expected last week to 223,000.
The figures were a disappointment to the bond market too, pushing yields (which move inversely to prices) at the long end of the curve up by around 5-6 basis points. The benchmark 10-Year Treasury note yield, which had fallen on Wednesday after a well-received auction, rose to 2.00% for the first time since August 2019.
CRYPTO is not the safe haven dont be..... you know it.
Staycalm
BTC and All markets are going to dump hard, be carefulthis ideas shows a potential dump, i believe that this dump is happening in near future, if it does not play out, then we are safe, if it plays out then you have to be ready for it, keep strict stop loss to all trades, collect profits as they happen and do not get greedy, moving averages and bollinger bands analysis on 3 days chart and weekly chart both anticipate the worst case scenario (red), daily chart analysis is mostly playing the best case scenario ( green ) or the yellow scenario
note: constitutional investors are starting to accumulate huge short positions, im playing for the worst case scenario which is 8-18 k Fibonacci extention shows 9128 while fibonacci retracement shows 10617
note: drawn scenarios are seperate from shown dates, it was expanded for the drawing to be clear
stay safe, happy grinding
BTC: Upward comebackCaution
The following post is not financial advice but fruit only in my considerations. Therefore I do not hold myself responsible for your trading
Upward comeback:
I think we are running out. BTC It will take back the path it had lost. Entering the whales now BTC is becoming a full-fledged currency. What will the whales do? Some small fish slaughter. The time is over when you have to believe that things always go high, on the other hand it is also physiological. Somewhere the money must also be taken. Who understood that the whales entered had two options:
1) the first is to get out immediately because now they will do exactly what they want in the long term (months, years)
"The Great Protector" (of his earnings) further asserted that there is nothing behind the crypto currency. This is partially true but it must also be said that he said it by virtue of the fear of losing power (much more important than real money)
On the other hand he has already decreased the maximum levers available two years ago so it is clear that he wants to leave us hungry as he usually does and as his friends do.
2) The second option is to understand that there are other whales who have understood that people are desperate to enter this market right now. the FEAR speaks clearly (better to say it scares clear)! So in light of this I expect that the bullish wave will continue even higher than before, perhaps hitting at least 100,000 "promised" by Plan B.
Technically, the situation is stable, we have a rebound point that represents both the desire to reverse the situation and to liquidate what has already been taken. This will give the mass even more desire to be part of the deal. However, the real resistance is now below the bounce point.
Moral of the story? Holda who has to hold, purchases who has to buy! Who wants to sell, go ahead, but I do not consider it wise from here to the next few weeks (a few months)
The Stochastic himself would actually say that there is still to go down (Weekly), but the price of a few weeks ago has left a shadow that seems to want to draw the point where it will no longer want to go down because too many people still want it to go up and despite the whales , they will not have an easy game in the short term given the speed with which it went up that time and the shadow left!
BTC Dump Breakdown!!BINANCE:BTCUSD BINANCE:BTCUSDT
Hi , so as you all know that we are having a significant dump because of different fundamental and technical reasons such as overextending price in a short period of time and bearish news and ...!!
So currently we can't claim that the pullback is over or we will continue dumping , the best thing that we can do is to wait for the market to play it's moves and when we get bullish signals we can get back in and open long positions.
Currently we are in a high traffic area and we have support both from market structures and the 100 D EMA , so if we hold this level we can monitor the price action on lower time frames to look for bullish signals to confidently claim that the pullback is over.
But of we can't hold this level too we will head towards our next support level witch is at 43k to 45k levels . At this level we have 21 W EMA and market structure support . The 21 W EMA is a strong support for BTC market overall and in different bull markets we retest this support many times and it's a normal behavior , so if we get support from this area and shift from lower time frame bearish market to lower time frame bullish market we we will wait till we get one of our valid entry signals and safely open our trades and enjoy the rest of the Bullmarket .
But if we break this level too we can officially say that the bull run is over.
So anyway trade cautiously and if you did found my idea helpful consider leaving a like and sharing your opinions with me by leaving a comment . Thanks ;)
Gold will lose its shine at $2,029 areaGold rush! everyone is buying gold and in the past 5 days OANDA:XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.
Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion :
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit at $1,814
Risk Reward Ratio = 4.1R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
BTC/USD 4h Chart- Descending Triangle Pattern An interesting moment in which the triangle closes and the price should go up or down. In the textbooks it says that in a descending triangle, the price has to collapse, but will it happen?
Unfortunately, I do not have mantic abilities. But what I have seen over the years at BTC does not happen this scenario for the first time. I compare between 2014 and today 2018.
s3.tradingview.com
This situation is clearly visible here. In 2014, contrary to a descending triangle, the price gets a bullish trend and goes up.
I let you know what will happen in the future. If he considers contrary to expectations the price to go up "as I think it will happen" Give a thumb up.
Thank you, I appreciate it
