AUD/NZD - Short - Bearish PennantContinuation Pattern:
- Bearish Pennant
MACD turning Bearish
In line with EMA bearish trends
Continuation pattern
Technical indicating strong sell
High probability
Bearish Pennant
TWT Trust Wallet - The pump is over, buy at these levels!
TWT is a great token, but it looks like the price is too high at this moment, which is why I recommend buying the dip at lower levels!
As you can see, the chart is printing a descending triangle at the top of the uptrend. This is definitely not a good sign at all. Descending triangles have a higher probability of breaking down.
I made a descending parallel channel projection on the LOG scale, which can be very useful in the future. Usually, triangles turn into channels.
The impulse wave has been completed, and we are looking for a retracement. I will give you the two most important levels where you can place buy orders.
1.46 USDT and 1.22 USDT are great levels to buy TWT. If you missed the pump, it's not a problem at all. I will trade this altcoin once it reaches my levels for short-term gains!
The first level on the log scale is the 0.618 FIB, which is, of course, a very strong support. We should see a lot of buyers at this particular level.
The second level is based on price action. We have an unfilled gap from the previous uptrend that can be filled in the short term. On a higher time frame, it is also a breakout level of the previous market structure.
The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet token. Binance is currently the most reliable crypto exchange in the world.
A 26–40% correction is possible. I will take this opportunity once the price reaches my targets.
For more ideas, hit "Like" and "Follow"!
Bitcoin - The bears will crash BTC again! (Great opportunity)
From November 21 to November 24, we had a pretty nice uptrend. It lasted only 3 days, and the structure of the uptrend is bearish.
As per my Elliott Wave analysis, it was an ABC correction because I can see only 7 waves, which is a typical correction with an extended wave A.
Bitcoin is the most bearish asset, and it's absolutely a pleasure to short Bitcoin or Ethereum!
A new week started, and Bitcoin broke out of the symmetrical triangle pretty hard.
October and November are extremely bullish months for Bitcoin, but this time we dumped, and Bitcoin continues in free fall.
The right question is now: When will we reach 10,000? not if we reach 10,000. After we reach 10K, I think we will have a massive bounce back to 15K or so. Make sure to follow me so you do not miss important information on this expected bounce!
If you want to trade bitcoin, the best strategy is "short only." So wait for pullbacks and shorts.
I expect the ultimate bottom for Bitcoin to be between 6500 and 10300 USD.
I am very happy to provide you with these analyses; stay strong!
Ethereum - 28% crash is almost ready! (descending triangle)
On ETH, the current market structure is extremely bearish. We can spot a descending triangle projection on the 4h chart, so for now the probabilities are for it to go lower.
I believe the market wants to wipe out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures.
I will short all pumps on ETH until we reach 882 USD, the previous swing low from June 18th, 2022. Ethereum is pretty weak compared to other altcoins, and I am not surprised at all.
As per my Elliott Wave analysis, the A wave is a 3-wave corrective structure. The bears are strong, and they want to push the price lower.
Crypto will continue in the biggest crash in history. ETH can reach 400 USD next year, and BTC can reach 10 000 USD next year.
I am naturally bearish on this chart, because why not? What is bullish here, let me know in the comment section!
This is a brief and clear update. I hope you like it! I am not falling for this mini uptrend on the 1h chart.
Bearish Pennant on USD/JPY @ D1This bearish pennant pattern has formed on the daily USD/JPY chart as a longer-term downtrend seems to have started. The pole and the pennant borders are shown with the yellow lines. The stop-loss level (the red line at 140.793) is set to the highest point of the pennant area. The take-profit level (the green line at 132.667) is set to the pole's length subtracted from the stop-loss level. I will open this position only if the currency pair closes significantly below the pennant's lower border.
BTC short term update / 2 potential scenarios. Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021.
I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that.
The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top.
At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div.
I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts.
To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like $SNM 6500% pump in a single day ))))
If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
Bitcoin - Secret Invisible Pattern!
This is a secret parallel channel that absolutely no one is talking about because it's visible only to experienced traders.
Don't be a noob and buy at the 0.618 FIB + 1.618 FIB + channel bottom like a pro (if the price reaches this level)! Or open a leverage position on futures here.
Bitcoin is the most hated asset in the world, and everybody spits on it. The funny thing is that while the dollar has been weak in recent weeks, bitcoin has been even weaker.
As you can see, we have plenty of room to go down into the abyss. I don't know if the price will go up or down; I don't really care. I am mainly a day trader, and I post on TradingView only long-term views on crypto. But I have to admit I will be interested in Bitcoin once it reaches 3k for a long-term investment with part of my funds.
Setup your orders to buy Bitcoin at 10k for a massive 50% profit, because I expect a massive short-term bull market from this level!
Bitcoin is basically free falling; it's an absolute disaster, and the bear party with honey is awesome.
Regards, Tolberti.
Didn't these 2 depictions look alike?Just exactly as I predicted in my last analysis Bitcoin just goes as expected. A bearish pennant formation on the way. Drop your thoughts on the comments section.
BTCUSDT | Wave Analysis | Mega Bull Flag Formation +80%Price action and chart pattern trading
> A possible downtrend continuation for C-leg with the current bearish PENNANT pattern
> The downtrend TP @ 1.618 extension zone at 13K USD price - same target with the previous bearish INVERTED CUP pattern
> An upcoming mega bull flag formation with target reversal +80% upside @ 28K USD price.
> Close short position once a divergence signal presented.
Always trade with affordable risk and respect your stoploss!
Tron TRX - 51% crash very soon!
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
This chart indicates that more blood is coming for the crypto market. It's possible!
I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
For more ideas, hit "Like" and "Follow"!
BTC: FORMING A CLASSIC BEARISH PENNANT PATTERN!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update. There is a lot of things currently going on in the market. We have to trade very carefully in this market and try to focus on the long term. The bets way in the current market scenario is buy BTC and DCA on every big dip.
Now, let's get to the chart.
BTC is forming a bearish pennant pattern in the 4hr TF.
What is a bearish pennant?
A bearish pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They’re essentially the opposite to bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down.
When technical traders spot a bearish flag pennant, they take it as a sign that the downward price move is going to continue once the market breaks below its support line. Like their counterpart, bearish pennants can occur over any time frame.
Currently, BTC is trading inside the pennant. If it breaks below the pennant then there is high chances we visit the $12k-$13k zone from here.
Invalidation:- Close any 4hr candle above the pennant ($17k)
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Bearish pennant on BTC dailyThere is a clear bearish pennant formation on the BTC daily along with decreasing volume. Expect lower prices relatively soon.
Ethereum - Macro outlook | -62% next month!
After the merge, the price of ETH is rapidly going down. It's basically a free fall right now. It was clearly a sell-the-news event.
I am very bearish until we break the major trendline that you can see on the chart. There is absolutely no reason to buy ETH at this moment.
On the daily chart, we can spot a descending parallel channel that is very well respected with all trendlines inside. These trendlines can be useful for short-term trades. I believe there is a possibility of touching the downward trendline in the future.
The market never goes in a straight line; we always have waves during the trend and that's why Elliott Waves are the best indicator to understand where we currently are in the market structure.
According to my Elliott Wave analysis, we are in the final 5h wave of this particular market structure, which can be deadly indeed. But if I am right and we will go down, then do not expect ETH to go to new all-time highs soon.
So prepare your shorts, because that's the only way you can profit in this bearish market. Maybe the ETHBTC pair is also starting a new macro downtrend, so basically ETH will fall off the cliff.
The situation for ETH is horrendous. It's really better to switch to BNB if you really want to hold some coins. Or just stay in USDT and buy after the crash.
I do not expect any tremendous gains for selected altcoins. You can find the most bearish altcoins in the related section down below. Serum (SRM) looks juicy for shorting on the futures market.
For more analysis, hit "Like" and "Follow"!
✅Bitcoin - The bottom is in!
The temporary bottom on Bitcoin is in! Now we are looking for a bullish retracement. I think we will go lower, to 3K-10K, in the next few years, but not now!
On the chart, you can see the strongest resistance on the way up. It's hard to say which one will be the reversal point.
Do you think this Bitcoin crash was natural or was it caused by some strong entity? Let me know what you think in the comment section. I am happy to read your comments!
I think the most probable scenario for Bitcoin is to reach the blue trendline, or 0.618 FIB, at this moment.
The crypto market is a joke, and all investors are getting rekt pretty much all the time, and it's going to be even worse. It's not easy to choose the right coins; only about 5% of them are powerful.
The only reliable investment is BNB, let's be honest! At least it's holding its value and going up a little bit.
This week was extreme for Crypto, pretty much very sad, but it is how it is, and we need to adapt!
The upcoming uptrend will be a countertrend. That means it should be very fast, and we can finally experience a massive green dildo.
DXY is crashing and EURUSD/GOLD is pumping, which is also a good sign for this weak crypto market. In my opinion, a relief rally is very likely right now!
For more analysis, hit "Like" and "Follow"!
On the 1h chart, we can spot a strong impulse wave, which is a sign of strength!
🐶DOGE - 30% crash is imminent!
30% crash is definitely very possible on DOGE, so be prepared for it!
After a 189% pump on DOGE, do not be surprised at all if we the bears step in. What goes up fast also goes down even faster.
An impulse wave was detected from the peak, which is not a great sign. There is an increased probability of another impulse wave to the downside.
Overall, I think this huge pump on DOGE is done, and I expect a retracement to shake out late longs.
Let me know in the comments section what you think about DOGE. Are you bullish or bearish? I look forward to your comments!
The latest news on DOGE is that Twitter will not include any cryptocurrency at this moment in their business plan.
I believe DOGE will go up, but not now; it's just too fast.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more analysis, hit "Like" and "Follow"!
GOLD is no longer good
We are living in the digital age, and we require digital money like Bitcoin. Shiny metal is beautiful, of course, but the internet is currently up and running.
I remember the peak on gold in 2020, when the coin stores were full of people and there were big queues in front of the stores full of retail investors.
It's not looking good for gold at all; another 17% drop is possible as per my technical analysis.
According to my Elliott Wave analysis, if we want to stay bullish on this wave count, then the bulls need to defend the 1350 USD level. We are currently in the C wave of the corrective structure.
1350 USD is a strong support because: the start of the gap from 2019 + breakout level from 2019 + Wave 1 support from 2016 + Trendline from 2015 + 200 monthly MA!
200 daily/weekly/monthly MA is considered a very powerful support by huge institutions and hedge funds.
This is a great opportunity for a swing trade in the future!
Look at my ideas about Bitcoin and crypto's total market cap in the related section down below.
For more analysis, hit "Like" and "Follow"!
Bitcoin - Drop to 13 000 USDT! But first a relief uptrend!🟡
The situation for Bitcoin is terrible. There is nothing bullish at this moment. We are below the 200 weekly moving average and the main trendline from 2013 has been destroyed by the bears recently.
The bulls are weak, and the only trump that they have is the 200 weekly moving average on the TOTAL crypto market cap chart, because the price is above this level.
On the 4h chart we have a descending parallel channel that is well respected, so there is a possibility for another drop down in the immediate short term.
As per my Elliott Wave analysis, an impulse wave has been printed on the chart, and this is absolutely devastating for the bulls. That's not what you want to see.
Anyways, I think this impulse wave is done or almost done and we should go up for an ABC correction above the previous triangle to wipe out late shorts on the futures.
Then it looks like we will continue lower to 13 000 USDT, which would be a great zone for a long position back above 25 000 USDT. However, I don't think we will hit the all-time high in the next few years.
It looks like the bubble has popped and we are in the first real bear market in the history of Bitcoin. The first bull cycle from 2009 - 2021 has ended and we are in the first bear cycle. We don't know how long this bear cycle is going to last.
For more analysis hit "Like" and "Follow"!
Spiked Neckline from this bearish pennantLINKUSDT spiked closely @ TP1 which is a harmonic AB=CD pattern target from a breakdown of the prior low 1M candlestick inside bar. Reacting now from the volume POC. A complex Head and Shoulders can be validated after a pullback to neckline. Plus potential bullish Butterfly target.
Bitcoin - 2018 vs 2022
I know that bullish analysis on Bitcoin is extremely unpopular at this moment. I can feel it in the comment section of my several previous Bitcoin analysis.
The most popular ideas on TradingView are extremely bearish, and the sentiment is very negative and fearful.
Pretty much everyone is expecting 13k. In this case, I am not saying the crowd is wrong, because during a fifth impulse wave, the crowd might often be right.
The situation is, of course, very different this time compared to 2018, but I have seen a lot of these comparison analyses on Bitcoin, so let's do it.
The triangle in 2022 is really weird. It's probably not even a triangle. It looks like an inverse head and shoulders with a steep neckline or a double bottom reversal pattern.
Triangles usually appear just before the end of the trend or at the end of the trend. These patterns are, of course, very tricky.
There is a possibility of a last scam wick to the downside to 17,600-17,900 before the price explodes to the upside! But I hope the bulls will defend 17611 USDT because it's very important from the Elliott Wave perspective.
I hope the bulls will prevent Bitcoin from falling because I don't want a 5-year bear market, I think no one wants it in the crypto community.
For more analysis, hit "Like" and "Follow"!
DXY - The best news for crypto/stocks!
This is great news for the stock market and crypto, because it looks like the DXY index has reached its destination at the top of the ascending parallel channel on the monthly chart.
The end of 2022 and 2023 could be very bullish for the stock and crypto markets! Maybe this is the last time we see Bitcoin below 20 000 USD.
2% inflation is on the table, we had a massive selloff in certain stocks, and they simply cannot fall in a straight line!
If we take a look at the RSI indicator, we are in overbought territory. It pretty much screams for a correction. Then we can make a final uptrend and print a bearish divergence on the 5th wave.
A previous swing high from 2001 is definitely a strong resistance and I believe we will take stop losses above this high before a huge downtrend will be in-play. But not now. It could happen in 2025.
According to my Elliott Wave analysis, I am missing a final impulse wave to the upside, so do not celebrate too much yet. For now, we are ready for an ABC correction to the downside on this chart.
As you can see, we hit the 1.618 FIB extension measured from wave 1 to wave 2. Extremely strong resistance indeed!
Look at my ideas about Bitcoin and the SPX 500 in the related section down below.
For more analysis, hit "Like" and "Follow"!
BTC.D - The Alt Season is around the corner! Don't miss it.
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.
The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.
We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!
As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.
ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.
The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.
Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more analysis, hit "Like" and "Follow"!
ETH: BEARISH PENNANT! STILL HOLDING THE TRENDLINE SUPPORT!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH update. In my previous ETH update, I told you that ETH is ready to go above $1500 but after the breakout, it turns into a fakeout and again back inside the triangle. Look when I'm wrong then I have no shame to accept it and always try to learn from my mistakes.
Now, let's get to the chart.
In the 8hr time frame chart, I clearly see that ETH is forming a bearish pennant kind of pattern but the good thing is that it's still holding the trendline support somehow. So there is a possibility that we might see a little bit of pump up to the trendline resistance ($1350-$1360) from here.
Once it breaks down the pennant, then it confirms that it is ready to go to lower areas. Do not open a short position now. If you want then the best are for short is around $1350-$1360 with the stick SL or wait for a clear breakdown of the pennant.
Invalidation:- If 8hr candle breaks and close above the trendline resistance($1350)
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
BTC/USDT (Bearish Bias)Short on BINANCE:BTCUSDT
I have a bearish bias on BTC!
It seems like a bearish pennant formation!
Already broke the double-top neckline!
Trade your levels accordingly!
Best of Luck!
Your feedback would be appreciated!
