ETHEREUM (ETH) DOUBLE TOP (SCENARIO 2/2)THIS IS SCENARIO 2/2
If ethereum completes a double-top/M pattern, it will probably fall below the 2k range.
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Crash
DJI: Why it could go southIn this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture.
In particular I look compare squeeze momentum and RSI patterns in both periods.
There is always 'hope'. But hope doesn't rule against market crashes.
This is one hypothesis - not a prediction.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTC Accumulation - Ranging for 6 to 8 weeksBTC is in a precarious and slow position. Affected majorly be the larger economy, rising interest rates in March, instability in Ukraine and general Corona recovery but weak economy - we're going to get thrown around.
I would expect BTC to stay range bound between the hard tops at 39-40k and the hard low at 30-25k. This will give a middle range and a no entry area for me in the 35-36k area. When in the middle, you are truly gambling with entries and exits.
I'm currently sat 95% in cash and being patient whilst I wait and be greedy for my entries on the low side, or shorting on the highside.
On smaller time timeframes like the hourly, BTC hit its 0.5 Fibonacci level from its recent push down and rejected hard. This doesn't give me confidence.
We're in accumulation territory. Use this time well.
BTC Detour to 40kBTC Detour to 40k
I think we’re taking a detour to 39,600 - 40,800 range. Then will continue downwards, finally hitting that 28-32,000 range.
So I’m Bullish In the Short term and Bearish, after previous resistance.
Then we Moon.
I think there are way to many whales in crypto now and don’t see how the price is this low, so I hope we bust through 40… But becoming familiar with BTC’s chart, it looks like Bears aren’t finished yet?
Laugh now, Cry Later QQQ Buyers have a week to prove me wrong.
As you can see this does not look good, buyers seem to have delusions of grandeur.
I'm sitting in cash slowly shorting assets I see weakness in, you will see what happens soon
Cryptocurrency will crash by the way when Satoshi trial happens.
NASDAQ:QQQ
TVC:NDX
CURRENCYCOM:US100
SP:SPX
AMEX:SPY
FOREXCOM:SPXUSD
OANDA:SPX500USD
CRYPTOCAP:TOTAL
COINBASE:BTCUSD
COINBASE:ETHUSD
Perspective on just how much this bubble will blow upLook at how overbought this market is......the rest of this year will be gross! Slow down and even a reversal in Fed Policy. Don't fight the fed. They are now removing liquidity from the economy. Take profits and short or wait on the sidelines in cash...
BTC-UST price divergence on OBV and PVTThere is a clear price divergence in the recent period for BTC-US Terra stable coin. Volume appears to be buying BTC with UST and it is maintaining volume over time. This divergence indicates a likely BULLISH Reversal in BTC for the near term, possible to see recovery as soon as February
Tesla ~ TSLAZooming out here on TSLA we know that this stock is an absolute beast and with any dips given we should be investing for the upside potential it has.
TSLA on ER has potential to drop massively and can be loading up in the 700-800's possibly, this is pure speculation but if this drop comes it would be quite okay for it in the longer term.
Elon is on the call though, but lets see if he doesn't have enough magic to entice stockholders. If prices goes up higher, I'm just as happy.
DON'T IGNORE THIS ETHEREUM CHART!Hi everyone,
I figured it would be a good idea to share this find with the community. I'll explain below what I'm seeing:
RSI - Matches the same pattern as Ethereum during "consolidation" in 2016 before the euphoric 2017 bull cycle
MACD - Oversold levels not seen in years
Duration of Consolidation - As you can see, the duration of the phases circled in white both span about 90 (270 days)
Retracement - Both ranges circled in white had similar pullbacks of about +50%
Bull Market Support Band - Right before the start of a new bull phase in 2016, the PA trended below the BMSB before breaking out (we are currently at this point when comparing the two)
Obviously this isn't to be taken as FA, but it could be a very unique and rare opportunity to enter the market/add to your position as a bull/long term holder.
Let me know your thoughts!
Twitter @illusivetrades
The long waiting Correction. SP500The markets have clearly now taken a good downfall. I wont say the time has come or act like a guru , but this is the ugly truth, we are entering in a bear market , yet cant say for sure that it will continue to fall like a rocketball, but if we have a correction and again it continues downfall, we can say we are in a bear market. The truth is that if this happens we should see a 30-35% downfall , for a good correction for the overall market, beacause we all know that the market continued to new highs after the Covid-19 outbreak, even though economy was not booming , feds printing more and more money and inflation rate at 7% . Also history repeats its self ,that happens to the financial markets too..!!! . In 2008 crash markets fell 50% and that happend in a period of a year , so dont be surprised if wee se the same thing here too. To sum up , the one who loses money and afraid of the current situation is the one WHO IS NOT PREPARED FOR IT, TRADE WITH MONEY YOU CAN AFFORD TO LOSE!!!.
Sol's downfallSOL has always been a blockchain with lots of criticism.. and now it's confirmed to be based on objective facts. With the network going down intermittently the past 6 months, it's clear that there are growing pains and other issues that Solana has yet to have addressed properly. I have been, and always will be bearish on Solana long term.
Btc to 18-24k.Scenario 1 is btc makes a higher low above 29k and we go on forwards and onwards.
Scenario 2 which is run the lows and test for more liquidity downwards. Expect a slow car crash till 30k breaks and then a flash crash with a lower target of 18k.
Currents market enviroment is risk off, and things are going to get worse before they get better, expect a further liquidity crunch to ensue.
The reason crypto is falling isn't crypto related per se but a strong dollar index, coupled with the stock market imminent crash and further aggravated with the fed incoming anti-inflation policies.
Notably if we get the crash scenario eth will also more likely than not tap 1100-1400, ftm 60 cents.
Expect a bounce at 31600 but bounces are to be shorted at the .382 fib until we see a reversal pattern or 18-24k gets hit.
By the way if 36k breaks today without a bounce to ~37k that's extremely bearish, and given how NDAQ and SPY is on the verge of breakdown that's a 50/50%.
I wouldn't want to baghold the drop, you get in near the bottom and get a much better r/r, it's like holding through the 2020 health event crash instead of buying near 4-5k.
If you are in the market and haven't capitulated when 40600 broke, it's not too late to sell and rebuy but if youare leveraged or too afraid to take the loss you might as well buy more down there and hedge short current holding.
CryptoMarket Update (#4) : Hidden Bullish Divergences ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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The ideal Bitcoin price scenarioHello, everyone!
The market is in extreme fear for a long time, even I started to feel this fear. The fear & greed index = 13. If re my previous articles, you remember that I think the bottom is next to current prices according to some indicators. Today I want to tell you how I see the ideal reverse scenario. On the 4h chart we have to see the new lower low which coincides with the true MACD bullish divergence. After that we will see the growth to $39-40k. Such move is going to lead to divergence on the daily timeframe which is much stronger trend reverse signal. But this is only assumption, we should see the confirmation of this scenario which I tell you when it will be the time.
Moreover, I conducted a survey, the most people think that the price will break down $30k first than break through the $40k.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
The Four way stop in front of the crypto market. BTC is driving.Most other established crypto charts reflect the same point of epic decision. Even the neutral path will be groundbreaking. As it will add a new component to the bitcoin pattern development. Outside of the March 2020 reactive crash this would be the most unusual path. For me, it would show the line between those who want to free and those who want to control the currency of the world. Beautiful moment. you can see the power and the calm.
Possible SPY Outcomes - Jan/Feb 2022To create these prices and their respective labels, the following indicators were used:
Volume Price Profile
Fibonacci Retracement
Consolidation Channels
Potential MACD lengths
Outcome #1 in RED, Outcome #2 in YELLOW
Overall, I have the sentiment that it will continue lower, at some point. There are an infinite number of factors that could affect when, and how fast it does fall (-10% next week, -30% over next two months etc.) This is just to help map my personal game plan.
#1: Bull Market Reversal Price: This is the price I have decided that I personally will use as an indicator that a correction is over, and there should not be any huge crash in the near future (excluding news, events). Approaching this point, I would chart something that is more bullish to prepare for that.
#2: Support Ranges: Of course as SPY dumps (if it does) it will not be a linear path. There will be locations in every price where there is some support met. The ranges marked are locations where the support may be its strongest, and likely good areas to exit short positions.
#3: Gap to Fill: There was a 7% increase in 2.5 weeks in this area, with 2% of this happening over the weekend. Other traders/ investors could expect this gap to be filled before any major consolidation or reversal. Just something to keep in mind.
#4: The red line is where most volume by price is since Nov. 2020. If it goes this low, I'd expect some good support in this area because of it, and the simple fact that it is 400 (a big psychological support.)
Some other possible outcomes are: consolidation from SPY Support #1 and Spy Resistance #1 for as long as needed, tech earnings are crazy good and the market goes full blown bullish, or very long term consolidation in a much larger range until their is confidence in the market again or it loses steam.