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Bearmarket

Quick look at BTC - the downtrend continues Here's a quick look at the BTC Daily chart. As we can see, the price has been continuing its downtrend within the bigger falling wedge for some time now. The price is currently at the bottom of the falling wedge, and a break below the falling wedge will lead to a bigger drop in price. The price needs to stay within the falling wedge to avoid a much bigger downside. If the 40k support zone can't be held, then the price may very likely revisit the 33k-37k zone. ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
5
BTC: The Big Short 2022 📉🐻When people live on hopium they detach from reality and refuse to look at the bigger picture Analysis paralysis is an inability to make a decision due to over-thinking It’s usually accompanied with an overall sentiment of wishful thinking in the financial markets This translates to extreme fear and greed, the more fearful or greedy investors are, the harder it gets to predict the next market move. This is especially true when markets are at new all time highs or lows. You guessed it, current market readings are overbought, everyone is greedy and wants in, and prices are at new ATH Sooner or later this leads to one end… and it’s much simpler and uglier than you think Crypto first, others follow Crypto markets has relatively proven to be test grounds for conventional stock markets , as almost every major crypto crash is followed shortly by a stock market crash I strongly believe we’re on the verge of a recession at the very least, others might even call it a depression My view depicts an imminent bitcoin & crypto market crash, followed by a stock market crash initiating a long-term bear market and a chain reaction of global recession Without further ado, let’s dive in! The Technicals Yield Curve The yield curve shows the relationship between short-term & long-term interest rates of U.S. Treasury notes Usually, the longer the duration, the higher the interest rate, but when the rates draw closer to one another, the yield curve flattens. An inversion of the curve is typically seen as a warning signal for the market Long story short, The yield curve has flattened recently, with long-dated bonds nearing their lowest point for a year Last time this happened in 2018 bitcoin crashed hard! Consumer Price Index (U.S.) CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services in the U.S. Pre 2008 recession, the CPI was at an all time high of 5.6%, currently it’s at an ATH of 6.8% Money Stock You can’t print money forever! Scarcity is the definition of value. If everyone have it, why would they want it? In fact, this is why economies plunge and currencies become worthless just like in Venezuela and Lebanon Quantitative easing (QE) is a monetary policy whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to inject money into the economy to expand economic activity This fancy term simply translates to creating more money whether physically or digitally out of thin air! The Federal Reserve has printed unprecedented amounts of money to support the coronavirus-stricken economy Data from the Fed shows that a broad measure of the stock of dollars, known as M2, rose from $15.4 trillion at the start of 2020 to $21.18 trillion in December 2021. The increase of $5.78 trillion equates to 27.28% per cent of the total supply of dollars. It means more than one in four dollars was created in 2020 and 2021 ! U.S. Dollar Strength U.S. Dollar Index (DXY) represents the value of the United States dollar relative to a basket of foreign currencies, most significant of which is the Euro, accounting for 57.6% of the basket As of this writing, the DXY has failed twice to break historic resistance level of Fib 0.618 around 100 and unless it’s able to break it this time (which i doubt considering the over-bought RSI) it’s expected to pull back to previous support of 80 at least, if not retest ATL of 70 The EUR on the other hand is expected to rise as a hedge against the USD Bitcoin Technical Analysis: Overview Looking at the weekly and monthly time frames, you can clearly see ~$70k price rejected twice with a double top, zoom out a little and a head & shoulders pattern is half complete with a declining volume, an over-bought RSI, a bearish MACD, and a widening BB. Price action Scenarios Best case scenario is we climb up one more leg to hit the last Fib 4.236 retracement from 2017’s ATH to 2018’s ATL at around $73.5k-$74k (depending on the exchange) The only way we can have another bull-run continuation is if we manage to break-out and close weekly above $74k Average case scenario is an H&S right shoulder at $53k, if we manage to break-up, it could be a bull trap retest to $58k-$60k Worst case is we just keep dumping to retest previous key support levels at $42k, $36k, and $30k which is the neckline of the double top If we can’t hold $30k then it’s downhill from there to $20k, $16k, $13.5k, $11.5k, and lastly $9.5k which could be the last time ever for BTC hitting 4 digits again, as $20k will be the new support This has confluence with the intersection of 0.5 pitchfork (19850-3217-64802) and 0.5 pitchfork (64802-28149-68974) and Fib 0.382 (19850-3159) at $9534 which makes sense when viewed on a log-scale chart on the 1W frame, you can clearly see a strong support zone there. BTC Dominance The inverse correlation between BTC price and its market dominance means that when BTC is at ATH, BTC.D is at ATL This is exactly the case right now where BTC.D is currently at 40.5% and seems en route to retest previous support at 37.5% thus forming a huge double bottom ready to bounce back up strongly ----------- Stay Safe, Don’t lose your money, It’ll be painful for the unprepared See you on the other side, inch-Allah Godspeed ----------- You can read more here: I predicted the 2018 bitcoin crash... It's time to sell 📉 DISCLAIMER: Not Financial Advice! Please trade at your own risk.
Short
by TannerJ
5
Is Bitcoin in bear market?Hello, everyone! I want to say that I am ready for hate, because my opinion is not popular now. I gave you signal here(link into related ideas) that the huge dump is coming when the price was $65000, you can check it! To be honest, I fell guilty that did not checked the higher timeframes for the strongest bearish signals. It was possible to forecast the bear market at 15th November 2021 and confirm it at 1st December 2021. But it is not too late to told you that the bull market is over. If you followed my those signal, you caught the current huge correction. As you can see on the chart above the Elder’s Force Index flashed the very strong true bearish divergence at the 1M timeframe! This is huge signal! At the chart below you can see the enhanced bearish true divergence with MACD on the 1W timeframe. The incredible combination! So, is Bitcoin in bear market? – Definitely, YES! Is it possible to execute long trades? – Of course, YES! As you can observe my last analysis series, I am preparing for the long trade on the daily timeframe. We have a lot of long signals now and I am waiting for the main long signal. It can be flashed today. If it is the case, I will tell you tomorrow. I am waiting for the correction to the upside, I think we can see Bitcoin above $50000 soon if this signal plays out. I just want to tell you that you should not wait for the new ATH and tothemoons for at least next one year! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
25
🔥 NEO Long-Term Bear Market ScenarioWith the latest fall of BTC, I think that NEO has entered its bear market. We're currently trading below the summer-21 lows, without an end in sight. For reference, I've copied the 2019-2021 bar pattern and pasted it on the chart to give an idea about the price movements to come. Assuming NEO is in a bear market, we can see a prolonged period of accumulation ahead of us. Top of the next climax phase is placed at the descending trendline which connects the previous two climax phases. Happy trading!
Short
by FieryTrading
12
What Goes Down Must Come Up - Navigating Bitcoin's CorrectionDuring an uptrend, we have this saying - what comes up, must come down. The similar notion can be said during a downtrend, but in an opposite direction - what comes down, must come up. Following this series of downtrend within the Cryptomarket, we can actually maximize the intra-cycle volatility which we see within the smaller timeframes. In this chart, we used a common indicator and strategy which everyone uses and applies with their own trading strategy. But in this chart, we combined the following strategies to come up with a way of navigating the downtrend: Relative Strength Index (RSI) Bullish Divergences Support and Resistances - During a downtrend, there will be a point in time wherein the price gets oversold in the RSI. - The moment wherein the price starts declining but the RSI has started increasing, that poses a signal wherein a bullish retracement is bound to happen. - Entry points will vary depending on different support levels, as much as possible, set a stop loss for 5-10% in order to secure your capital. - As for Exit strategy, the suggested take profit areas are determined by the resistance areas forming. - Previous support will now act as a resistance, hence the resistance areas are a good levels for exiting a trade (either fully or partially). - Once you've exited a trade, you now wait for the next indicators to form, especially if you see a downtrend continuation. In that case, you now wait for the next bullish indicators to form. In this example, the Bitcoin downtrend which started late November 2021 has been forming multiple instances of a bullish retracements using bullish divergences and resistance areas. While you are shorting within the bigger timeframe, it is still possible to long every bullish retracement opportunities that you can find in the smaller timeframes. To summarize: - During a downtrend: being bearish in the bigger timeframe doesn't mean you have to be always bearish in the smaller timeframe; - And during an uptrend: being bullish in the bigger timeframe doesn't mean you have be always bullish in the smaller timeframe.
BITSTAMP:BTCUSDLong
by baltristangabriel
1
Watching for clear direction but I feel its bear season til 2024We did stop at the LONG term trend line. If it goes up from here would be EPIC. Possibly heading to 110K for the blow off top. However I think we will drop to 28k for long term bear accumulation until next halving march 2024. Another possibility is that the crypto market is taking on a stocks like growth thus not allowing much of a further drop unless big investors sell. Time will tell but I feel much larger adoption into crypto investing is happening & more are hodling so it means deep drops will be less deep. I have staked most of my ALTS so I will gain a percentage of growth over a possible bear season ready for the next exciting bull run. GOOD LUCK ALL
BITSTAMP:BTCUSD
by TheAussieBogan
4
BTC, 7 Jan. A Tale of Two Bear Markets.These charts compare the two bear markets of Jun/Jul 21 and Dec/Jan 22. Both bear markets coincide with a lunar and solar eclipse (arrows). The 2021 bear market lasted roughly 3 times 30 days. The midpoint between the eclipses was also the midpoint of the bear market. Liftoff occurred 47 days afterwards. In both cases we see a capitulation candle and a range afterwards. In 2021 price bounced off the channel median and then off the upper boundary before the rally. Although the similarities are striking, we can’t derive a specific prediction from it, except the observation that eclipses appear to have a negative effect on the crypto market. The next solar eclipse is on 30 Apr, and the lunar eclipse on 18 May.
INDEX:BTCUSD
by UnknownUnicorn12250317
1