Exploring the Dow Jones boomer channel & its possibilities #WW3This chart is presented as neutral since the implied "idea" can't come into play till at least one key support properly breaks and worst case till the yellow channel has become relevant again like before; if this were to play out the main "challenge" would be: how to keep retail long all the way down? (hint: the same supposedly unrelated "people" who "shorted" from 18k to 36k will show the same level of stubbornness to long all the way back down to grace)
Crash
Big crash for bitcoin.. where to buy As Feds increased the hikes rate to fight of the inflation .. everything is now crashing.
Should expect 17,600 area to break since the crash hitting we will wait for the bottom .. the buy area for bitcoin. I like is around 12K-9000 area those are the buy opportunity.
Good luck y’all
10k BTC if the price doesn't hold support!Here's a quick look at the weekly BTC chart. As we can see, the price is currently in the crucial support zone, and the price has to hold the support zone to avoid a significant downside. If the price doesn't manage to keep the critical support zone, the price will likely end up in the 12.5k - 9.5k price range.
I must mention that there is still an open CME gap at 9.7k, and we may very well end up at the 9k level and thereby close that CME gap. Tho there's no specific timeline for when they'll get filled.
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What is a CME gap?
Key points:
A CME gap is a break in the graph of the trading prices of an asset, in this case, Bitcoin. So if BTC closed at 8700, then opened the next session at 9400, there would be a 700-point gap in the chart. Some traders believe that gaps will get “filled.” Meaning the asset will go back down, in this example, and “fill the gap.”
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Feds will go aggressive interest high rate hikesThe Feds are going aggressive after raising 0.75 points.. big feeling will go 100BPS will cause everything to crash …which means this crash had already started. The resistance are very strong and cause sell pressure even harder.
If the pivot happens then the bear market will finish its near target bottom. 11300 is a Best Buy zone highly suggest. If the Feds pivot haven’t happens after there meeting then we will see much worse more drops aggressively
Towards more downfall as the Feds rising rate hikesThis Wednesday in a morning and at 2pm. Powell will be on a stand to go aggressive the inflation rising another rate hikes..
Most to see the market to crash.. short retrace for Ethereum but the bears shows more strength resistance are stronger and the bears as well.
Target will be 1000 then 860… the. Throughout end of the month into October should drop down to 500 or 400 area.
Stop saying we are bottomed, we are not bottom yet.
Is the Second Sequel of Cryptocrash Beginning Here?
The liquidated amount in just the last 24 hrs was around $65 billion.
Market cap fell to $666 B from $950 B and it has bounced back to the $900 B range.
The last 24 hrs were very chaotic in the crypto environment, fall can be seen in every cryptocurrency in the market. Though the reason for the fall remains unknown, investors are petrified even at the thought of cryptocrash. The liquidation rate has also increased rapidly, resulting in a tremendous plunge in market capitalization.
Total market cap fell to $666 B from $950 B and it has now bounced back to the $900 B range. During the fall at $666 B market cap, the 24 hours trading volume was over $40 B and the current trading volume is above $73 B.
Cryptocurrencies in Cryptocrash
The market crash has affected every coin, including the market pioneers such as Bitcoin (BTC), Ethereum (ETH), and so on. The liquidated amount in just the last 24 hrs was around $65 billion.
The BTC is lower than $18 K, with a 7.86% fall in the last 24 hrs. The market cap is $352 B and the trading volume is at $36 B. The ETH is trading at the price of $1,290 with an 11.22% downfall in price. The market cap is $157 B and the trading volume is at $19 B.
Other altcoins such as BNB, XRP, ADA, SOL, and much more got stuck in the bearish market. Even the stablecoins like USDT, BUSD, and USDC are fluctuating up and down. The fear among the market is high and the HODL attitude is also not on the surface as of now.
10K incoming and bears are in controlBitcoin still under 20K this is not good. In order the bulls to stay intact is bitcoin need to stay above 21K and higher.. 20K and lower will keep the bears intact and fully controlled.
What surprised me was Joe Biden warned us that he send a stark to bitcoin and other cryptos after this $2 Trillion dollar Crash. So here what’s going to happen if bitcoin stayed 19K area we are still in a downtrend back drop to 17,600 area and make a short retrace .. if that didn’t happen and that major support breaks then most see down to 10K or maybe 12K
The theory possible bottom is 9960 area
The most likely bottom is around 12500 area or down to 10200 area. Those big 3 has stronger support floors to help the bulls intact for control. Officially we are still in Crypto Winter.. in order for it to be over this is what the Feds should do.. reduce the inflation and the high rate hikes.
It's not looking good!Last week saw price tagging the monthly pivot and immediately selling off to form what appears to be another head and shoulders continuation pattern (complementing the currently active much bigger one). At this point the 10k short target is starting to look more and more likely. Concerning interim price action it is possible that we will still see a small bounce to around 12600 but while price remains below the right shoulder @ 12900 the HnS pattern and target will remain valid. The current HnS neckline and drop off point seems to be coinciding with the monthly S2 @ 11750
MTGOX DEADLINE EVENTThis is the huge event for Bitcoin and other cryptos but mostly this is the big day for bitcoin.
MtGox is going to release 137,000 that’s worth over 3 billion of bitcoin. It’s going to take months to process and complete it, the big dump should be expecting soon while correcting the drop.
It’s going to be pretty volatile but becareful.
More events are coming on the 21st of the hike decision making following along on the 22nd the ADA Hardfork event.
If buy reversal ever come out of nowhere please becareful of the the huge spike down comes if happens then the buy around 10K maybe 12k we are already in range for the drop meltdown like the plane crash. We are still In crypto winter and bear market it’s far to soon To say it’s over and we are now bullish.. no we aren’t yet please do not jinx it yet.
10K has stronger bottom floors, 17,600 is NOT the bottom.
NASDAQ TARGET 11541!!, MARK IT. i have made a detailed analysis, that why Nasdaq is falling, and based on different corrections, bear markets and from various crashes, i have made the support and resistance, which determines the supply zone. finally, the markets will not face any crash such, the Nasdaq is just falling because of the hike of interest rates, thats much. people and institutions are moving out from the markets, making the index to get corrected, and this selling pressure, is basically preventing from a huge crash(when the government will such announce hike in interest rates, in some future, just to correct the markets that far).
so analytically, this selling pressure, is making the index to correct itself and preventing it from going in crash.
BTCUSDT NEXT DIRECTION, CRASH OR PUMP?1D BTCUSDT,
Bigger picture: Bitcoin has formed a descending triangle, inside of it we could also notice that we have got an inverse head and shoulders pattern. On the small timeframe we could notice that on the last 8 days we have formed an Eliott wave corrective pattern, expecting our (A) corrective phase to end here at the demand zone of (Point of control) for this whole period since we tested the bottom. Which will take the price back up to the (B) Phase where we should be testing the CC Level (0.618 Fib) of the drop, testing that level cannot be promised tho, the pullback could be weak. But what I know is that our (C) Phase is going to end up around 19500.
Let the market generate more information for us before we take any actions, stay safe brothers! We will keep you updated.
CPI DATA EVENT.. CRASHINGThe inflation rates came higher than expected from the feds and everything is going to crash. This is completely unexpected and I knew this was going to happen.. the merge for Ethereum is coming as well will be crashing more as well. Along with MtGox deadline .. please pay attention to the dates and please wait for the bottom of the fed pivot to be expected DO NOT BUY ANYTHING YET
PAY ATTENTION TO THESE BIG EVENTS AND I REPEAT CODE RED
September 13th: CPI DATA
September 15th: ETH merge
September 16th: MtGox Deadline
September 21st: FOMC HIKE DECISION
September 22nd: ADA Fasil Hardfork
EGLDUSDT Bearish Cancelling EGLDUSDT long, this is what I call beartrap, they are forming a falling wedge on the 4hours timeframe and trying to make us forget that we recently have broke below a bullish flag, many people will try to long here meanwhile they are taking us to the double TOP on the retest of the breakout. We warned you first! ;)