Market Update 9/30/22 Off The Cliff We Go?TIMESTAMPS:
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Intro 0:00
BTC 0:54
APPL Yesterday's Movements 9:23
APPL Today's Movements 11:12
APPL: When the Market Fell Off the Cliff 13:53
What We may See Monday and Issues of Dropping Further 18:06
Closing Statements 19:26
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There is probably one thing that saves this, and I really doubt it will happen at this point.
I only go over BTC and APPL in this one: Focusing on the Kings. The buying and selling, more specifically the selling, was REALLY good today. Even when we were slightly oversold on the shorter timeframes, the price made sure not to drop too much until we had higher time frames start under the major trendline.
BTC starting the week under 18k is horrible, things look bad, but these last two trading days have had amazing price action. I think this is worse than better, because bad selling brings good buying, but good selling generally brings nothing but more selling.
The sell off at 11:29:45 (last 15 seconds before the 2HR, 1HR, and 30Min TimeFrame change to bring it just under 142.65 was really something. I pretty much knew what was coming the second I saw that on stream. I go over that moment in the video.
Anyway, see you all on Sunday around 19:30 EST for the Crypto Week Time Frame candle change.
APPL
Market Update 9/29/22 Possible ReversalTIMESTAMPS:
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Intro 0:00
APPL What I want to see 2:07
Quick DXY 5:15
Going Over APPL Price Movements 6:00
BTC 10:56
USD/WTI (OIL) 16:54
Closing Statements 19:11
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Essentially I can easily see something bullish if we start between 142.65 - 143.2. I don't want the price to start too far away. Very similarly to how we started the day slightly under the Day 200 SMMA, touched it and then dropped. I go into specifics in the video.
Things look horrible and this is based on where we start on APPL tomorrow , but I have a good feeling about it. Also its not something that is traded until I see where we start the day, so pre and post are not important to me.
As always: Watch the video and I'll see you tomorrow at 09:15 EST to the end of the market.
Market Update 9/27/22 Structure FormingTIMESTAMPS:
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Intro 0:00
APPL What I want to see 1:32
Going Over Price Movements 1:44
DXY & VIX 9:36
BTC 10:48
ETH/BTC 16:09
DOGE 17:08
XRP 17:32
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Same video structure as always. I go over what I want to see regarding APPL (the Market King outside indices 💪) and then I go more in-depth about what happened today and then go back over what I want to see again and then in to the usual, BTC, ETH/BTC, Doge, and XRP cryptos.
Average I want to see us start slightly above is 151.75. Starting slightly under looks worse, but I want to see the lower time frame structure collapse as well. IF you check the stream near 14:30 EST you will notice that they (bulls) do a good job of not allowing the price to start under the 30Min 375 hull, which would cause a drop to a weak range that would most likely fail.
From a week perspective, I still want the price to stay in this range. These last two weeks have just been a whole lot of over selling, followed by over buying. The Day time frame 375 Hull coming down on us is certainly concerning, as it will align with the 4HR 200 and 500 averages
and also where the fib level resides (155.50). While it creates a nice area to push through if we can get above it, an INSANE push can happen, but that is also because when things line up, it generally means its really bearish, and its not that people are buying it, but that its shorts getting wrecked and people covering their shorts, that pushes it up.
👁👃🏽👁 Cya tomorrow at 9:15 EST as usual.
Market Update 9/26/22TIMESTAMPS:
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Intro 0:00
APPL 0:25
Going Over Price Movements 5:00
BTC 8:34
VIX 12:34
Indices 13:18
APPL What I want to see Recap 14:30
USD/WTI 16:08
DOGE 17:25
XRP 18:12
ETH/BTC 19:28
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Video Sums it up. The average ceiling is around the 4HR hull at 151.81. Depending on where we start there might be mayhem in the coming days or even tomorrow. The main plus that the market had today on the open, was that it was oversold in pre-market, assisting the price in initially pushing up more than it needed it.
I go over it in the video, but the amount the price rose in 1 hour today, was the same amount it rose last Monday in 5.5 hours. Pretty wild stuff. Especially since it got sold down from there.
As usual, I will add timestamps.
APPL Swing Trade, Short Term -APPL has respected this parallel channel and I think it will remain doing so. We have hit the .776-886 fib range from last swing high to swing low and developed bullish divergence on short time frames. It has also respected the ice line of the channel and its probable to keep that same price action going. Obviously we are bearish still, but this is a swing traders cup of tea. Here's a easy setup and target..
Clarification- APPL has had a rough couple of days, but the market almost always shows some mercy and lets the asset rally locally after a punishing dump.
Market Update 9/23/22 The Sound of Bulls?TIMESTAMPS:
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What I want to see in APPL: 0:00
How that may translate to the SPY,DJI,NDQ 4:46
VIX 5:40
APPL Possible Concerns/Targets 6:16
BTC/USD 8:36
ETH/BTC 10:00
DOGE/BTC 11:00
XRP/USD and XRP/BTC 15:05
Closing Statements 19:37
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I go over what I want to see in the first 3-5 minutes and then I go over some crypto pairs that look like they have big potential moves (more so continuations) coming up. Those are ETH/BTC, DOGE/BTC and XRP/BTC.
We started the day bearish like I expected and ended in the range I expected. Though the in-between was certainly not what I expected. I was somewhat surprised we didn't break to 146.60, but I thought that even if we did early in the day, that it had a high chance to return to the area APPL ended at. Otherwise we start next week over sold and had a strong reason to move back up to test. Which didn't seem like a great idea for longer term bears.
I am still looking forwards to whether we start above or under the Week 500 hull
for APPL as a general idea of whether we return or fall off the cliff, but the sentiment going into this weekend feels bullish. We will see if BTC can end slightly above the Day 500 hull (18945) as it usually does indicating an attempt to move back up and breathing room for alts.
Market Update 9/22/22Intro 0:00
BTC 0:30
APPL 2:18
VIX 11:51
HSI: 14:45
XRP/BTC and BTC Analysis 16:10
I refer between VIX, APPL and BTC in-between 11:51 and 14:45
I go over where I expect things could start for movements tomorrow and then I go in to what happened today and why I think we can end up at certain places and what targets bulls and bears may be fighting for to get what they want. Non-Short-Term Bears don't always want to sell nor do similar bulls always want to buy. Consolidation can be key.
Market Update 9/21/22Time Stamps:
0:00 APPL
4:00 VIX
6:28 APPL
9:12 BTC
18:02 ETH/BTC
19:06 GOLD
19:24 OIL
Lets see what happens.
I go over what I want to see then a recap of the last couple days and today and then I go over BTC towards the end and the big trend we have been in for months.
Long story short, I hope we get bought up a small amount tomorrow so that we can have a clean break further down and it wont seem like we are getting oversold. Though, I can't be annoyed by anyone selling because they want to be in in cash. It just makes sense as a defensive option. So to that, we may just fall off a cliff. I really don't mind being oversold though, as I prefer being bullish on/after big drops.
To me, the indexes have no real support underneath where they currently are and if APPL drops, It will drag things down pretty far. I expect Appl to head towards 122 in the near future, but well have to see what happens. Appl around 22 would coincide with the indexes possibly hitting around 20-38% down, which isn't bad considering there could be a nice amount of overselling and an easy ride back up like we had in 2020.
downward trend for week of sept 19trend analysis - using fib tool from june 16 to aug 16 uptrend - it may test fib line .382 tomorrow but based on fed release i believe price action will break .5 fib line and test .618 fib line.
technical analysis - YTD CHART - negative tsi -16 , negative macd -2, STOCH RSI LEVEL is 42, these levels can be comparative to march 11 which coincides with testing .382 fib line and breaking down towards .5 fib line.
i forecast resistance tomorrow at 157-160 with possible support at 151-153, if 151 is broken we may hit 146 - 148 ,
Market Update/Outlook 9/20/22I am pre-positioned in a small size of OTM puts incase the vix looks bad, affects the premarket tomorrow and I cannot position properly. The places I would get out or where I would add on at, are mentioned in the video.
Its too much work to find them all and type them all, so just watch the video.
Cya all tomorrow at 9:15 EST for the full market day.
Market Update 9/15/2022Tomorrow I will put all of these into one idea and only update that, so you all will see everything in one spot. Sorry for making it difficult (People on tradingview).
Watch the video. The key parts are important and should not be ignored. This is not a video about appl, but the whole market and BTC.
Market Update 9/13/2022: What You Need to KnowJust watch the video. That's Why I make them: To not type. I'm not time stamping this one because is meant to be watched in order. If you want to know what to look for, you only need to spend at most 4-6 minutes watching.
Take care and good luck on your trades.
I stream every week day from 9:15 to market close.
Market Recap and Current MovementsI stream every market day at 9:15 EST. 15 minutes before the us stock market opens. Come join us. I usually stream for 4-7 hours every day and will answer any market related questions that I can.
This is a 20 minute video, but I talk fast. There is a lot to cover, but it is worth listening to.
This goes over more than just Nasdaq, but Nasdaq is the core of the movement having a potential gain of 6.5% from its current location before facing great resistance. If you watch the video you will understand why I do not only look at nasdaq to look for movement on the nasdaq or for the overall market direction.
I go over USD/JPY, NDQ, APPL, SPY, and VIX mainly.
I mention oil at the end, but to save you the trouble, there seems to be a possibly huge move incoming at ~$80
You can check the linked ideas below to get a more in depth view of how we got to here, but I think the video wraps it up well.
Top pick for Forex is still UDSJPY, though there may be a pull back based on current bullishness in the stock markets affecting the DXY.
A bearlish scenario for AppleWall Street estimates that Apple will sell 142 million iPhones in 2019, down from 167 million the year before, and in line with the number sold in 2017. Apple has managed to push up the price of the average iPhone sold, from $652 in 2017 to an estimated $768. But that, predictably, has hurt demand.
It’s unclear whether the next generation of iPhones, due in the fall, could re-energize demand. Wall Street isn’t expecting much, as analysts see essentially flat iPhone unit sales in 2020, as well.
VIX TO INFINITY AND BEYONDI'm expecting a violent move up from the VIX in the coming weeks. Market is running on borrowed time short term imo. We are one major event happening from a melt down. September is typically a bearish month. There still isn't a lot to be bullish about if you really think about it. Be safe out there everyone.