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Selloff

SP500 : Bearish : Cycles pattern : Watch out!Look carefully at April 2005, October 2007 and Today. A "Sell Off" of 20% took place. History does not usually repeat itself, but in trading the phenomenon of cyclicals exists. It's just AMAZING! What do you think?! In addition, the levels indicated are achievable in the medium term, 2-3 months; In recent days, this is what happened at the macroeconomic level: 1-Jackson Hole Result: No big impact on the markets: Dow Jones or techs. 2-NVIDIA long awaited: Result: The action disappointed and went down Minus 9.86% in total after closing and yesterday minus 6.38%. Cause: Delay in the delivery of new chips, among others... Will NVIDIA always explode the ceilings, while the competition arrives: AMD, GOOGLE, etc... with more efficient chips that do not heat up. Technically the markets are OVERBOUGHT so a return to the 38.2% or 50% of Fibonacci would be perfect for sellers, but also for buyers who would like to buy at a lower price! I remind you that in trading we buy the bottoms and we sell the peaks!
SP:SPXShort
by Le-Loup-de-Zurich
BTC Bitcoin Sell-Off and COIN Coinbase potential HackIf you haven`t bought BTC before the rally: Then you need to know that today Coinbase's trading engine experienced a disruption during ETF trading hours, causing a significant impact on individuals actively trading Bitcoin on the platform and leading to a substantial drop in its price. The aftermath of the incident saw the price recovery after ETFs purchased actual Bitcoin for the next trading day (T+1). However, questions arose regarding the cause of the price decline. While Coinbase's outage played a role, suspicions arose about other exchanges possibly exerting considerable selling pressure. The speculation was whether Coinbase was the main stabilizing force and if there were other irregularities in play. Concerns escalated, leading to speculation about a potential Hack on Coinbase. Users reported missing assets, and both phone and chat support were inaccessible during a critical market moment. The situation highlighted the vulnerability of relying on centralized exchanges, emphasizing the importance of having control over one's private keys to ensure ownership and security of crypto assets. The overall consequence was a market downturn, signaling a potential local top. My Price Target for Bitcoin is $51K.
Short
by TopgOptions
1
Q&A_ Where would bitcoin price move from here? My analysis.Namaste! Bitcoin is currently in a medium-term downtrend in weekly charts. Bitcoin has faked-out many bullish people in this daily candle. If 29240 level is broken here, then there will be a massive sell-off, according to my analysis. There is also a news supporting this, "CBDCs could 'kill' case for private cryptocurrencies, says RBI Deputy Governor". I am assuming a bull charge again only if price moves above 32015 levels. But I don't think it will sustain longer. Consolidation generally have a higher probability of price moving in current direction, i.e. "down" in current scenario. Interpretation is that, the buyer's are not interested to buy, hence it is consolidating. If they were more willing to buy, they would have done it fast (neither consolidate). There are mainly two types of people in the world. Type 1: a: They believe god does not exist. b. They believe alien does not exist. c. They believe Bitcoin will be the future of federal currency system. Type 2 people think the exact opposite. I am a type 2 person. Disclaimer: Do not take positions based on my analysis.
COINBASE:BTCUSDShort
by UnknownUnicorn7637383
3
Nifty Today: “Todun Taak” - 14 Feb’22 
Nifty View: Significant fall for the Indian equity markets in today's session, the benchmark Nifty index loses more than 500 points to post a close at 16,809. The short-term trend of the index is now down again, and considering the momentum with which the index corrected today, it is very likely that the selling will extend further this week. Today's close across most of the sectoral indices and most of the large-cap stocks were pretty weak, near the lowest point of the day, and so it will be prudent to wait out a few days for the selling to slow down and then try to attempt any long trades, if at all. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
0
by Abhijit_Paul
2
Indices defy FTSE cues, break key levels to end in Red,NIFTY 50 EOD ANALYSIS 06-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17209.05 H 17216.75 L 16891.70 C 16912.25 EOD -284.45 points / -1.65% India VIX 20.08/+8.05% SGX Nifty 06-12-21 @ 1940h = +22 points FII DII = -1660 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and immediately sold off as FIIs were net sellers on 3-12. It then never looked back and kept drifting downwards. It made failed attempts to stay above 17120. Once 17100 was also broken, it made a few attempts to retest 17100 but it had become very weak by then and followed the path of least resistance and fell another 100+ points. Nifty has thus made a lower high and a much lower low which is aot a good indication. In comparison to Nifty, Bank Nifty was somewhat better off. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 1 Top 5 Draggers contributed = 116 Net = -115 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 0 Top 3 Draggers contributed = 265 Net = -265 POSITIVES The only positive that I can think of is that the markets had to end at 1530h which was the EOD time. The indices would have kept leaking as there was no buying seen at any of the ;evels. NEGATIVES Please refer to Insights 1 and 2 as that is where the negativity gets explained. Nifty and Bank Nifty have ended very close to their respective day low despite the close price being worked out on a weighted average basis for the last half an hour. This is not a good sign at all. FII DII net negative. TRADING RANGE FOR 07 Dec 21 The way the indices have behaved today, I feel it is best not to make a false attempt to draw the lines. I would wait for a couple of days - post RBI policy to start finding the supports and resistances. Every small rise is sold into - this indicates a bearish market. INSIGHTS / OBSERVATIONS There was only 1 Lifter for Nifty and that UPL and its contribution when rounded off to the higher round number came to 1!! This was the sense of negativity prevailing in the market. I have not seen such a situation in the last 2.5 months since I have started tracking EOD numbers. What a strange and unfortunate incident - none of the Bank Nifty members was able to contribute in the positive today. I started tracking Lifters & Draggers of Bank Nifty recently so not sure if such a situation was encountered yesterday. Now that the respective ATHs of the indices are far and away, this is surely not a bull market and I am not sure whether this is the beginning of the bear market. FTSE at the open and long thereafter was up almost 1% and yet our indices ignored the positive cue. I do not know whether FIIs want to empty their portfolio by this weekend or the market is seeing something that is not yet visible or on the horizon about Omicron. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 6-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Indices in panic mode - A notorious Shake Out of Weak Bulls?NIFTY 50 EOD ANALYSIS -28-09-21 IN SUMMARY O- 17,906.45 H -17,912.85 L- 17,576.10 C- 17,748.60 Close = -106.5 / -0.60% H-L = 337 points VIX 18.54 / +2.71% FII DII: Data not available - likely to be negative by 1000 Crores. SGX NIFTY @1940h - 17730 / -14 points Likely open: Flat to mild nrgative. CHART BASED CONCLUSIONS - 15 M Chart A mild gap-up opening went sideways for a while and then began sell-off so severe that NIFTY broke 17600 levels as well and at one point appeared that even 17600 may be hard to sustain. But then came a strong bounce back, however, NIFTY is still more than 100 points away from the P Close and below 17750. NIFTY has thus made lower highs and much lower low which is not a good sign. 17600 is no longer a safe level to bank upon. NIFTY WEIGHT LIFTERS & DRAGGERS NIFTY LIFTERS NIFTY DRAGGERS RELIANCE 15.00 BAJAJ FINANCE 26.00 IOC 7.00 INFOSYS 23.00 TITAN 6.00 ICICI BANK 15.00 KOTAK BANK 6.00 BAJAJ FINSERV 13.00 JSW STEEL 5.00 TCS 11.00 39.00 88.00 Lifter - Draggers = -49 POSITIVES NIFTY and BANK NIFTY both witnessed a strong bounce back from their day lows. RELIANCE and KOTAK BANK withstood the intense selling pressure and ended in the green and were mainly responsible for the fast-paced recovery in the indices. NEGATIVES NIFTY broke 17600 levels on intraday basis. 17920 also appears to be a level to reckon with. BANK NIFTY gave up higher levels very easily and also ended below 38000. TRADING RANGE FOR THE REMAINDER OF THE WEEK: As mentioned in yesterday’s post, the range mentioned here proved to be the one that was respected as far as the Support levels are concerned. NIFTY 17500-18100 BANK NIFTY 37200-38500-800. INSIGHTS / OBSERVATIONS The intense sell-off was caused by the spike in VIX over the last few sessions even as the indices were making new highs. Usually, VIX should turn negative near or around ATH but in our case, it has risen 40%+ from the lower levels. This is not a good sign. A wild swing was expected this week and that is exactly what happened today. Pre-Covid, Expiry Tuesdays used to be highly choppy and volatile, today was one such Tuesday. BANK NIFTY High to Low was 1082 points! This is what caused the panic all around. KOTAK BANK and RELIANCE stood rock solid and yet again proved that they have the tendency to not to follow the market and behave in their own manner. It may be a good idea to always have a position in these two scrips as these seem to be hedging devices against wild swings in the indices. What do you feel about this? Thank you, and Happy Money Making! Umesh 28-09-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:BANKNIFTY
by AVENUESOFINVESTMENT
Mentorship InstaView 20 Sept’21: For Bulls its Time to Slow Down
Nifty View: A sharp sell-off for the benchmark Nifty index in today’s trading session - down over 200 points to post a close at 17,386. With this fall, the short term trend is now on the verge of a reversal on the downside. Considering the nature of today’s fall, that is, both sectoral participation and momentum, it’ll be prudent to wait out for few more trading sessions to check if the index has more correction in store. The short term supports are nearby 17,300 and we can expect a short term bounce from close to this level. But it’ll be the next movement which define the overall trend of the index from a medium term perspective. Watch the video for a much detailed index and sectoral analysis. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
Mentorship InstaView 19 July’21: Here we Go Again 
Nifty View: Yet another failure to hold onto a new life high as the benchmark Nifty index slips over 170 points in today’s session to post a close at 15,761. The “Bulls” should worry a bit now as the breakout move which we noticed last Thursday has now turned into a failure. We were focusing on the importance of 15,777 and in today’s session, we have got a clear break of this level. The short term trend of the index has now turned down again and expect some more weakness if the index does not recover above 15,850 within this week’s trade. And if that plays out, then sadly the current supports of (15,650-15,700) will not hold. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
Mentorship InstaView 06 July’21: Just when you got carried away 
Nifty View: Disappointing close for the benchmark Nifty index in today’s session. The index slipped close to 100 points from its intra-day high of 15,930 to post a close at 15,832. A new life-high was posted by the index which it failed to hang onto - a clear sign of profit-taking as the index got carried away with optimism. Now no damage to the short term trend yet which is still UP and it will be important to observe whether it manages to bounce back. Current lows are decent short term supports for the index, a slip below which will see a test of (15,650-15,700). On the upside levels to watch for is at (15,890-15,910). Let’s maintain the bullish bias with a dash of caution and observe how the index fairs in the next few trading sessions. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul