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BE CAREFUL !!! BTC Might Still Go Down1. Daily Close at $15.6K with no long wick indicates overwhelming selling pressure while buying demand stays the same/diminishes 2. All Ichimoku Indicators pointing a big bearish movement on Daily, alongside 2 big bearish candlesticks (strong bearish momentum) 3. R:R of 1:2 | Entry/TP/SL; that is widely used for this indicator on Daily Time Frame, is shown above 4. All of these indicate that BTC might still have one more big move down, before a potential true bottom 5. Best scenario would be a daily close at $12K zone with a long wick to $10K zone with a big volume (possibly touching $9,8K) The safest way to invest is still by DCAing your best coin (make sure you do an extensive research) Trading in future market right now is very risky, only do this if you are confident in your R:R TP/SL and your analysis All eyes on Binance and FTX/Alameda deal now (which has gone sour) Should FTX deliver a good news/FTT go up (which is very unlikely), crypto market might recover Should FTX be the 2nd LUNA, expect a market capitulation THIS IS NOT A FINANCIAL ADVICE
by OTWhale
2
Cable Is In A Correction Within UptrendCable made five waves up from the 1.0353 lows, which suggest that bottom is in place from Elliott wave perspective, but more upside can be seen after a corrective pullback. We know that after every five waves market slows down for a three-wave setback that is now underway. Probably the pair is going to form an A-B-C flat correction, currently trading in wave B rally that can stop at 1.16-1.17 resistance. Ideal support for the whole correction will be at 1.08-1.06. Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
2
BTC | Potential Adam and Eve pattern complete by EOYBTC has been ranging for a while now on the lower spectrum. Reaching up towards 22000 and down to 17000. On the weekly timeframe there is a clear and complete 'adam' formation, with a deep bottom on red volume. Since them the 'eve' has been in the making. If the pattern can complete, a breakout to the upside is most probable. If the second bottom fails, the pattern is invalidated. We recommend to keep the proper position sizing and setup the stop loss. Good luck
BITSTAMP:BTCUSDLong
by vf_investment
3
BTC bears will be destroyed! Don't expect lower prices. I warn all BTC bears last time. BTC has already bottomed at 17.5K on 18.06.2022 as I posted at the same day in June. Don't expect lower prices and don't miss such kind of buying opportunity. I'm looking at weekly timeframe. If you look very carefully you will notice the same, identical green circles before falling V pattern at 0.38 fib level which happened 3 times in BTC history and marked BTC bottom. Bellow magic indicator has crossed bullish recently which did also 3 times bellow 0 line in history and marked start of new bull run. When this indicator crosses bullish at weekly timeframe BTC bottom was already in. So don't expect lower prices. Share bellow with your ideas, check all my analyses about BTC bottom bellow related ideas and if you like my ideas, don't forget to follow me. Thanks in advance.
BITSTAMP:BTCUSDLong
by ergal91
4
#BTC #bitcoin 28-30K is coming ? Magic indicator bullish cross !I'm watching weekly timeframe. People who are compare 2018-2019 bear market with the current one, I would like to tell, 2022 bear market is more similar and identical to 2015 than 2018-2019. As you noticed in 2015 the same descending broadening wedge broke out then dump? So more likely BTC will pump to 28-30K by the end of the year and dump again but not lower than June 2022 low/17.5K/ Bcz it is the bottom of this bear market as I posted earlier in my previous analyses. BTW on the published chart you can see bullish cross of the magic indicator which happened only 3 times bellow 0 in BTC whole history and marked bull run start. You can check my other analyses which proves BTC has already bottomed bellow on the link to related ideas.
BITSTAMP:BTCUSDLong
by ergal91
2
Bitcoin gets the "all clear" from VIX and Dollar dump!So, I've been pretty clear that disinflationary data has been coming in hot and heavy, and that at some point, the fed will have to reconsider its current extremely hawkish strategy, pivot, and become more dovish. QT will become QE. Inflation has topped. The dollar has topped. The VIX will drop. The markets will pop. For one last blowoff top. Somebody bust that rhyme for me! Most of the above appear to be taking place. Now we wait for the Fed to pivot and the blowoff top to come to fruition. In the meantime, let us take a look at Bitcoin from a technical perspective. Triangles, triangles, triangles. You will observe that after breaking out of our year-long descending wedge, the price action remained underwhelming, as it has since June. From a technical standpoint, there are two big reasons for this: #1 - Since June (with the exception of a few weeks) we have remained rangebound between $18,700 and $22,000. #2 - We hit a resistance trendline (BLACK descending TL) that also started in June AND formed the topside of another triangle we existed inside of since the beginning of September. Now, many traders were claiming this triangle was bearish with a probability ratio of 54/46 to the downside. Typically, this might be the case. My objection to this statistic became that this particular triangle poked through our RED resistance zone (now support) and outside of the year-long descending wedge; therefore, I was bullish this triangle instead of bearish. Fast forward to today. BTC has, in fact, broken to the upside and the target appears to be that descending 200 day ma. Now, if you are a follower of mine, you'll know that I entered a 5x long position at $18,300. I've adjusted my SL once to $18,500 putting me quickly in the green for this trade even with my SL triggered. I will now be moving this up again to our critical support area of $18,700. Should we remain above our 50 day ma tomorrow (RSI must also cooperate - see chart), I will move it yet again to around the $19,200 level. Congrats to those of you who are following me in this trade! Stew
INDEX:BTCUSDLong
by stewdamus
2
S&P500 Going down another 40% - Market Bottom in May 2023In conjunction with my previous Dow Jones analysis (Link to it down below), we foresee another 40% drop in S&P500 until mid-2023. The analysis done on these charts is based on old repeated market cycles that were last seen during the market crash of 2008. As you can see clearly on the charts, the market has been playing the exact scenario of 2008, since March of 2022! It's fascinating how similar markets are working their way, and people don't seem to notice at all... There is a verse of the bible that W.D.Gann used a lot in his books which says: "What has been will be again, what has been done will be done again; there is nothing new under the sun." Always keep this in mind when you are reading the market.
SP:SPXShort
by brokerland
1
Catching the BOTTOM for altcoins? NO!If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be. Catching the absolute bottom is very hard and not many persons can do it. Most likely you will have to wait many months until you will be at the break even or you will make profit. Altcoins after dropping 90 % from the all time high can still drop another 90 %! In this analysis, we are going to have a look at BITCOIN CASH and NEO that were top movers in 2017 bull market and Solana which was a top gainer in 2021 bull market. Bitcoin cash: - If investors were trying to catch the bottom when BCH dropped 77 % from its ATH, they were down 92 % when BCH found its real bottom. - It took 48 months until investors were at the break even - The price never reached ATH from 2017 again. As we can see, NEO which was another top mover in 2017 didn´t reach its previous ath in 2021 bull market: More examples? XRP, XLM, DASH, IOTA SOLANA (just an example. We have nothing against the project or its team): Do you think that Solana will be different? Maybe? Ok. It did very well in 2021 and most likely, it won´t do super good in the next bull market in 2023 or 2024! Why? Because there will be many new coins with a new hype and without bag holders. Conclusion: - Dollar cost average into Bitcoin instead of your favourite altcoins. If you want to DCA into altcoins, don´t throw all your money in as your favourite altcoins can drop always another 90 % and nobody knows how much they will recover! - Waiting for new coins without bag holders may be not bad idea - Bitcoins is a safe bet! - Altcoins = high risk Feel free to share your opinion in the comment section!
BITFINEX:NEOUSDEducation
by vf_investment
10