Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction:
Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)
Correctionwave
Nasdaq - Here we finally go!TVC:NDQ is finally rejecting the resistance and creating the anticipated bearish correction.
Let me just put it that way: The correction was 100% anticipated and you can definitely then trade accordingly. Just a couple of weeks ago the Nasdaq retested a resistance which has been pushing price lower for 14 years - a correction was very likely. So far the Nasdaq is dropping significantly but I don't think that the current correction will actually be over soon...
Levels to watch: $16.000
Keep your long term vision,
Philip - BasicTrading
Nvidia - The -60% correction is starting!NASDAQ:NVDA is showing us multiple confluences which will lead to a massive move lower.
Be greedy when others are fearful and fearful when others are greedy. But on Nvidia we cannot be fearful yet - so far, the smaller timeframes are still bullish. Everything makes me believe though that we will see a significant move lower soon: Nvidia is retesting massive channel resistance, repeated the previous bullish cycles and is preparing for the next correction cycle!
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
Nvidia - The tide is (finally) turning!NASDAQ:NVDA is about to create a bearish reversal which will lead to a -60% correction!
Charts just don't lie at all - instead fundamentals are always an illusion. Nvidia was retesting a major resistance trendline and is starting a significant bearish reversal. Nothing changed fundamentally but Nvidia is already down -25% over the past couple of days. This is just the beginning of another potential bear market, like we saw it back in 2018 and 2021...
Levels to watch: $55
Keep your long term vision,
Philip - BasicTrading
S&P500 - Was this already the all time high?SP:SPX is still massively bullish on the smaller timeframes despite retesting strong resistance.
Sometimes trading can be soo simple but yet rewarding. You simply have to buy the S&P500 at support and sell your position at resistance. At the moment, the S&P500 is once again retesting a resistance trendline, which has been pushing price lower for more than 14 years and there is just an extraordinary high chance that we will again see a rejection. Don't say I did't warn you!
Levels to watch: $5.600, $4.800
Keep your long term vision,
Philip - BasicTrading
EURAUD I Sellers will step in soonWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Gold - Should we take profits now?OANDA:XAUUSD has been heading higher and creating a strong rally; time to take profits.
Gold is still clearly bullish, creating higher highs and higher lows on the higher timeframes. But we also always have to keep in mind, that metals and commodities in general are always following anticipated economic cycles. It is actually quite likely, that after the recent rally of +30% we will now see a retracement on Gold, maybe even back to the previous breakout level.
Levels to watch: $2.400, $2.000
Keep your long term vision,
Philip - BasicTrading
Last Leg (Update) - USDCHF Year So FarHey everyone!!
Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line"
Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!!
Please let me know what you think and thank you so much for all the Support!!
.. It all started with a little Double Bottom on the Hourly Chart
AUDUSD I It will correct upwardWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!
EURCAD I 120 pips in profit NEXT MOVE🔥
Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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EURGBP Correction Continuation - LONG!Welcome back! Let me know your thoughts in the comments!
**EURGBP - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
EURJPY | Perspective for the new weekFollowing the strong bullish momentum identified on the daily time frame, and considering the reversal structure noticed on the daily time frame it appears that we are on a verge of a retracement phase which could probably tend towards between 50 to 78.6% retracement of the impulse leg from a long term perspective.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURCAD Analysis KiSS 2.0 BUY Coming Together Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
**
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Brian & Kenya Horton, BK Forex Academy
ORBEX: Gold Impulsive Upside Could Lead to Triple Combo!Gold's upside move could end shortly, forming an intervening wave x that could be followed by either an ending zig-zag or an ending triangle pattern.
The successful correction could turn the current structure into a triple combination!
Look for potential invalidation above 1519/oz.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
[BCC-USD]BITCOIN CASH-FALSE BREAKOUT- LOOSING STEAM!Since May 1st Bitcoin Cash started a breakout that is about 32% so far, which is nice. But not nearly as great as the last breakout of April 17th, which was about 109%.. The last one would have doubled your money in just a few days! This breakout is weak and is loosing steam showing DIVERGENCE and signs of negative volume! I was at first confused for a moment while looking at the MACD and OBV which were giving me false signals. I realize that I'm growing tremendously now, since I take the time to perform a through analysis that is well analyzed! I can catch false signals and see what I couldn't see in the past! Its all about practicing your art. Even though this is not a science, it requires a whole lot a patience, discipline and mastering TA by studying, studying and evern more studying. I just got a new book called Trade your way to Financial Freedom by Van K. Tharp PHD who coaches traders all over the world. (wow im pumped to read it through as fast as I can)....
My goals here are to be in the top 3% of traders on trading view. So far I have a an 83% win ratio in the last 45 days which is great so far. But of course that can change in the next 30 days. Bullish sentiment is definitely helping me with that! Right now most of the big price action this past week has been on the major coins. The alt coins are not growing this fast for the exception of a few...
If you learned even one thing and enjoy my TA videos , please support my channel and give me a like. Follow me and join my channel so you can see how i profit and what I'm trading or up to regarding Alt coins.
PS. This is not financial advise, please perform your own TA , this is only for educational purposes. You are responsible for your own actions. I am not a financial advisor of any kind. Just a passionate trader as you can see, who gets very technical and geeky with this stuff.
Thanks
CryptoBuzzAnalyst
[BTC-USD] TOTAL MARKET CAP EXPLOSION! HURRICANE INCOMING!Oh gosh! I am just shocked at how the FOMO in BTC and other crypto's like Bitcoin Cash is setting in and responding. What I love is the HUGE INCOMING TOTAL VOLUME that is happening in total right now. Not just in BTC. Its freakin KRAZY! yes with a dam K! Lol.. Well, to sum it all up, we have had 86.4 BILLION arrive in just 9 days! YES 9 DAYS ONLY! Are we finally gonna hit the trillion dollar mark before winter starts in November of 2018?? Well, if it keeps going on like this it will!
There are two ways we can look at what is happening right now! Are you bullish and want to get into the FOMO, or are you leery like me with tons of suspicion this bitcoin market will tank even faster than what you have seen in the last 15 days! Listen! lets be for real here! Its been 12 whole days without a healthy correction now, and many of us are still waiting for it! When is that gonna happen? When are the bulls finally going to get exhausted from this marathon they keep running?
Ans: I HAVE NO FREAKIN CLUE OR IDEA! lol
Moreover, I've been killing it with Bitcoin Cash! like I said in my video, why are some of you even bothering with BTC at this exact moment, when you could've been getting wealthier with Bitcoin Cash specifically these last 7 days from the post of this video. Always pay attention to what is happening to other coins and not just BTC. Be adaptive and versatile like they taught me in the Marines. Become part of your environment and dominate you landscape. Go with the trend, despite your emotions and beliefs. Let the charts tell you what to do! Don't follow your gut as the old saying goes, follow your own TA! But most important than technical analysis is to interpret the market SENTIMENT AND VOLUME! THE TREND!~
If you enjoyed this video, then stay tuned for my other awesome videos. I have a strong 83% win ratio while day trading! I'm in and out before the market turns on me! If you wanna to learn what I do, then follow me and hit the like button and show your support. If I get 20 likes I will update this video, otherwise I will continue to make more money without your support. (Lol)
PS: This is not financial advise, this is for educational purposes. You must have your own risk management plan and do your own TA, don't follow the sheep! Most of them are wrong anyway!
Thanks,
CryptoBuzzAnalyst
[BTC-USD] BULL TRAP! NOT SUSTAINABLE! BTC MUST CORRECT!We are at the very top of a growth cycle which is "NOT " Organic and being manipulated by HFT and Large Whales! This is not sustainable by the regular investors or traders. Investors/traders beware of the bull trap which I see! I will wait for the price correction and would rather be safe than sorry!
PS. Their is too much TA garbage out there speculating in price action hitting 10k. That is ridiculous! We do not have enough volume to take prices up as everyone thinks. I do modeling on excel with a bunch of math as well, and these price increases in just 2-3 days simply don't make sense! Its all hogwash! NOT ORGANIC.....I believe we are treading in dangerous waters. Not entirely convinced of this bullish reversal!
PS. This is not financial advice, follow your own TA and devise your own entry-exit plans!
[BTC-USD] DN 14.8%--3/14/18--REBOUND ANALYSIS-INTRADAY (3) DAY!Bitcoin took a short dive, but it should go back up in a few days. This video shows the awesomeness of the zig zag indicator which I use in conjunction with the pivot hl indicator , which are awesome for swing or day traders like myself. It shows the price action probability for the following past days and next day projection. Its really awesome and I like it very much. You don't have to draw trend lines at all. It does it for you on any chart by itself. Really a time saver, and does some quick think for you so you can concentrate on finding the right cryptos to chase after.
PS. I am not a long term investor. Especially in this bearish market. I scalp the market and take advantage of small 2-15% corrections as you can see from my video. You have to change your strategy when your in a bearish market. Long term investing right now in crypto will sink you in my opinion! But thats just my subjective opinion. I know there are a lot of investors and holdlers out there and thats fine. The market needs everyone and all types of traders, and investors alike to make it functional with volume and liquidity!
If you enjoyed this video give a like and follow my videos, so you can see what coins i trade and how i make profit!
Thanks,
CrytpoBuzzAnalyst