Join continuation of the bearish trend BTC/USDT PerpThe daily, 4-hour, and hourly charts are all in a downward trend. In an effort to join it, i'll look for entry near the top of this channel. I'll wait for the heikin ashi candles to turn red and start rejecting near the top of the channel, in conjunction with the wave trend pointing down and hopefully divergence on the Vumanchu Cipher B indicator. At that point I will enter short with a stop being placed a bit outside the top of the channel.
Btc-usdt
LUNA CLASSIC LUNC Classic Double Top Forming, Target .000265Luna made its pump I said it would make in the previous chart chowing the W formation. It pumped exactly to where I said it would. It then correct and had another pump but the second pump failed to get above the previous pumps high so now Luna is forming a double top on the 30 minute and 1 hour time frame. indicators are showing weakness still. My short term target is .000265 over the next couple of hours, in which At that time Luna will have created another head and shoulders (i will link another image below showing that head and shoulders potential forming. A measured move from that head and shoulders down will be around .00019 mark and with little support in that area I think a further drop down will follow. One this downside break starts its going to be swift. Luna could lose 50% within an hour or two so you need to be quick. For now though lets hope the .00026 and the .00024 hold and hopefully that head and shoulders will be invalidated. Good luck out there my friends, this is not trading or financial advice. Give me a like and follow me for more updates. Thank you.
ETH POW ETHW Cup and Handle Formed, Targets $9.5 - $10.5ETHW has been really volatile and bearish because everyone is selling their free ETHW. I think the ones who sold now will regret it in the future but thats just my opinion. A nice cup and handle has formed and a measured move would bring ETHW to around $9.5 and an extended target of $10.5 is possible as well which is also a resistance zone. There isn't very much liquidity right now in this coin so these prices are really volatile.
Don't forget people, the new Ethereum POS is a brand new chain, and enyting can happen. I can almost bet that no new capital will be flowing into Ethereum and I don't mean Joe down the street I mean big money. No big investor with half a brain will risk that, its new and needs years for big money to feel comfortable investing in it again. If and when something goes wrong with the new chain you better believe that everything will flock back to ETHW the original chain that WORKED just fine, including the value of Ethereum!. Good luck out there. This is not financial or trading advice this is just my opinion. Thank you
Luna Classic LUNC: WTF With These Damn Head And Shoulders!!Luna appears to have formed another head and shoulders on the hourly. The measured move would bring us down to .000238 minimum and possibly lower. Technical Indicators are all bearish all the way to the 2 day. The inverse head and shoulders that was formed is probably invalidated by now. It may still play out but its not looking good right now. I expect at least a move to .00024, if the selling pressure is high then we may head lower from there. I will reevaluate at that point. Thank you and good luck. This is not trading or financial advice.
$BTC CURRENT PRICE ACTION BTC is trading on a descending channel. The support is for long while the resistance is for short. Positions is to be taken immediately after the confirmation of any level. It will confirm like this till there’s a breakout.
Breakout to the downside is more likely than to the upside.
ETHW ETHPOW Pennant Failed, Now In Channel Target Is The SameETHW this is an update to my previous analysis. ETHW broke down and the bull pennant failed. Now in a descending channel, finding support around $10.50. People are selling their free ETHW coins right now so we need to be patient. This is also so new so analysis is hard because of liquidity at the moment. If ETHW breaks down out of this channel then we could see single digits. This is not trading or financial advice, just my opinion. Thank you for checking out my charts, follow me for more updates.
LUNA CLASSIC LUNAC Inverse Head And Shoulders, Rally Imminent!Hi guys another quick update on Luna Classic. It looks like Luna has formed a nice inverse head and shoulders on the bi-hourly and is about to test the neckline around .000295. A break would initiate a minimum move to at least .000345 but likely to hit .000358 at the next resistance. Then a small correction and back off to the races I believe. The daily is looking really good so this move should be a good one. All is invalidated if we break below .000255 and go back into the falling wedge/bull flag. Then Lunac would likely retest the support of the wedge at around .000221, and then we will re-evaluate. If this wedge breaks to the downside a major correction to around .0009 ish will probably play out, but i am not leaning towards that scenario as the indicators and charts are looking good right now. This is not trading or financial advice this is just my opinion, and this asset is extremely high risk and speculative; however the reward is also extremely high. Thank you and good luck everyone.
LUNAC Luna Classic : THE RUN IS STARTING, BIG MOVE COMING!LUNAC LUNA CLASSIC Has bottomed out on this correction and is now priming for another massive spike. My target is still at least previous highs and then probably much higher after that. This move is only about an hour away at most I believe, and a great entry point. This is not financial advice this is just my opinion. Thank you and good luck everyone.
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1 HOUR CHART
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ETHW ETHPOW USD : QUICK 2x Coming! This Thing Could Really Run!ETHW , ETHPOW, or Ethereum Proof Of Work, looks like its about to retest the previous high area. This could run pretty quick because there isn't very many coins for sale yet. The indicators are showing that a nice move is about to play out to the upside. Plus you never know this thing could really run. Lets say something happens with the new POS chain, where would everyone run to? They will probably go back to the original ETH where everything worked fine. Either way, this is high risk and just speculation, but the reward could be massive. This is just my opinion and not financial advice, good luck out there evryone.
BTCUSDT - potential setupsBINANCE:BTCUSDT
Hello everyone!
🛎 Let check the trading idea for BTCUSDT
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
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😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝
💪 Profitable lock for everyone! 🙏
bearish pattern but it like bullish I think BTC start to complete a bearish pattern .in this case it is possible price go up from here to the 50%of FIBO as I marked in chart.it will be like a W pattern when going up and you want to hold it for complete W pattern but it will go down sharp when price touch the 50% of FIBO green line in the chart .the red line is time for top or sell btc.
The strong rebounce of bitcoinThis should be the strongest and final rebound of bitcoin as it going further down. My prediction will be 16k before the bottom is really bottom.
We already hit 18k, and it immediately rebound to 19k, which apparently is a cat market - dead cat bounce.
Still the economy is not stable:-
1. The Ukraine war is escalating or there are no way out still, the USA still sponsoring Ukraine with millions of support. And Russia had determine to turn off the gas pipelines.
2. The China lock down or so call communism close down policy. Is rather fishy and insane or not making any sense. To just selfishly contain economy within China and remain exporting goods to outside. This mean that, they can make your money and you can not even make theirs.
3. The economy of whole world is frozen by covid-19 for 2 years and just seeing it start to melt. The melting process take longer than expected. People do not want to travel due to safety or rigid process. And yet some country do not want you to visit them. It's just not going back to pre-covid era.
MATIC USDT S/R LINESMATIC/USDT SUPORT AND RESISTANCE LINES M W D H4
matic usdt suport and resistance line in monthly weekly
matic usdt suport and resistance line in monthly weekly
matic usdt suport and resistance line in monthly weekly
BTC/USDT ANALYSIS#BTC/USDT ANALYSIS
BTC is moving sideways in a range, in between the marked horizontal support and resistance zones. It broke out descending trendline resistance in the recent bullish move and currently retesting it, a successful retest will result into a bullish move, while further consolidation can be expected until we see a sustain breakout or breakdown.
BITCOIN MAY FALL TO 10K IN Q4 2022This is a follow up to my previous idea
I posted an idea a few months ago about how BTC likely won't go any higher than 200 DMA, and so far it has been following my outlook very closely.
Bitcoin bearish outlook using 2018 data.
I have been closely observing 2018 bear crypto bear market and have been studying it since last year.
There are quite a lot of similarities between 2022 bear market and the 2018 bear market. If you look at the charts, some of these are quite obvious such as
- Blow off top in Q4 2017/2021
- A little rally in spring 2018/2022
- Couple red months in a row in Q2/Q3 2018/2022
- Dead cat bounce in summer, green monthly candle in 2018/2022
So now we will look at what the BTC price action may look like if it continues to follow 2018.
- The next couple months, like Q4 2018, would see the bottom of this bear market and have prices get to levels that could take many people by surprise.
- November/December 2018 saw the market bottom out and gave a great opportunity of a life time, this may be the case again.
- Also there are more factors here than just following 2018, such as:
- More interest rate hikes
- Negative GDP
- Quantitative tightening
- Inflation continuing to get worse with soaring prices
- Another possible covid variant
- More countries have economic collapses
- Gigantic stock market crash, perhaps as much as 50% as per Michael Burry's outlook
- Traders and retail choosing to cash out to pay their loans to avoid higher interests, or to afford basic needs with higher prices
- People losing their jobs and more getting laid, having to take out their investments to support their families
I have only charted upto Jan 2024, simply because it may be a bit harder to predict what happens after. In 2020 we got the covid crash, odds of another unpredictable global pandemic in 2024 are very slim.
Also, the fed has mentioned that they could possibly start printing again as early as 2024, which also happens to be very close to the Bitcoin halving.
And since we are making this based on past BTC trends, the halving always happens to slowly kick off the next bull market.
To sum up:
A) Bitcoin may fall as low as sub $10,000 in Q4
B) Mini bull market in first half of 2023, similar to 2019
C) Resume bear market in second half of 2023, similar to 2019
D) Getting to end the bear market in early 2024 and starting the next big bull market, similar to 2020
BINANCE:BTCUSDT BITSTAMP:BTCUSD BINANCE:BTCUSDTPERP COINBASE:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD INDEX:BTCUSD BNC:BLX NASDAQ:BLX BITMEX:XBT FTX:BTCUSD FTX:BTCUSDT BYBIT:BTCUSDC BYBIT:BTCUSD KUCOIN:BTCUSDT BITFINEX:BTCUSD
RLinda ! MATICUSDT -> support breakdown. What's next?MATICUSDT An interesting picture is forming on the chart, which reveals short potential. Leading cryptocurrencies are in the red zone at the moment, MATIC is breaking through its upward price channel and is not returning back to the channel.
The chart clearly shows that the price is trading under a resistance zone and is currently heading for a retest of that zone.
I assume that the pressure from above will not allow the price to rise. This consolidation is a set of energy for further movement, I think that at one of the borders there may be a shake-out, after which a strong movement will begin.
Regards R.Linda!