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Crashcycle

Bitcoin: approaching a possible panic sell-off ? 2017 VS 20132017, 2013. Different crashing structures for different reasons (diff. market cap size, diff. average investor profile, diff. reason of crashing), but a same post peak market behaviour. It seems that buyers and sellers are printing the same marks in this market when a peak is reached and the asset starts to be sold, following the break of the uptrend parabolic move. The asset doesn't change, humans don't change, patterns remain familiar as we still behave the same when our reptilian brain feels greed, fear and panic. Which is why we should expect downside to happen in a near future, if we keep on repeating the same patterns in this crashing cycle. Smma's are starting to print the same pattern as well. Last chance for this sell-off pattern not to happen would be the witnessing of very important and sudden massive buys from institutions and countries, but this is extremely unlikely to happen, for a lot of reasons. But why not, i am open to every sort of opinions and ideas. Or, this 2017 crash could also be an early 2013 pre-rally type, that precedes a monstruous incoming rally, but the visible huge bubble crashing structure is telling us that this is unlikely, but why not. I am extremely curious to see if this capitulation sell-off pattern is about to occur soon (or not to occur at all) in a 2014 copy cat sell-off pattern type. So far Bitcoin reproduced exactly the same type of local patterns during these two crashes even if their structures are cousins and not clones (see the TA regarding the golden cross and death cross creating the exact same reaction with a bear trap and a bull trap). Let us see what happens next.
BITSTAMP:BTCUSD
by Giovi6969
133
WARNING : You will not like what i have to say.Hello guys, a lot of people are asking me for a new chart. I have not a lot of time theses days so here is again a really simplify one. Everybody on tradingview and on youtube have seen the formation of the obvious symmetrical triangle, everyone is talking about this from days now. A magic triangle that will save us right ? BUT, permanent bulls and crypto oracle are missing something. The big deal is the triangle is forming from the FAIL breakout of the first ABCDE descending triangle (Do you remember ? Yes, the triangle who should push us to new high in "NO FUCKING TIME", fractal, en route to 100K, blabla). But the reality is in this case the symmetrical triangle is calling B wave of an ABC major cycle correction. And what's is going on after the B in a ABC ? Yes obviously a C wave. So what the target behind this count ? Well the normal target of the wave C should be under 0$. Because i'm true BTC believer and crypto enthusiast in contrary of what most of people think, i have look for 3 strong support line that could potentially HOLD the market. First one around 4K9 will be an agressive buy for me to play a decent rebound before a new dip. 3K and 1K1 are more strong support. And market should find a bottom on theses ones, but it's way too early to speak about this. Some reliable indicators : Weekly RSI : s3.amazonaws.com Bearish divergence on weekly MACD : s3.amazonaws.com One day this monster monthly MACD need to cross : s3.amazonaws.com Weekly CMF look for a reverse cycle : s3.amazonaws.com We may bounce too 7k8 or 9k to finish the triangle but i would personally take any countertrend trade in this market. My short from 9K8 is doing well, so i'm just patiently waiting. I'm not a financial advisor or a prophet i just draw you the most probable scenario. Do your own research and trade at your own risk ! All crash and correction end one day and i can say you when BTC will find a bottom it will be probably the best opportunity in your life of investor. Have a nice week, Cheers !
BITFINEX:BTCUSDShort
by KassandrA_dotcom
167
EURUSD (EURO) Big Picture: How Could This Possibly Happen???EURUSD (EURO) 042418 7:50 pm. Hi trader friends, since this chart picture should replace a million words... Either the EURUSD topped or it is in a lower degree 4th Wave triangle with only one more pop up to a top, then down for 4-18 months once the top is confirmed. Whether its a triangle with one more high or the 5th Wave already top, is likely to be resolved this week. I expect one more wave lower on the intra-day charts to touch the lower trend-line of what may be a triangle within 1-3 days. Then, the EURUSD will likely bounce in a small corrective rally, meaning a huge down move is imminent. Or, the bounce will have conviction and break the upper triangle resistance for one more impulse wave high, then tank into a Wave 2 low months or longer away. After the Wave 2 low in likely 4-18 months from now, then somehow, the US Dollar will likely be in deep trouble as the EURUSD should have a substantial rally for several years, if this is correct.. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
by UnknownUnicorn1613901
2014 CRASH SUPERPOSITION I have updated my superposition charts to reflect the channel break that we had recently. I believe that this chart is even more realistic than my previous ones as the 2014 ghost pattern (in blue) is only compressed by 25% on time frame. I think this is also reasonable as we have in a slightly faster moving market today than in 2014. So as you can see the top breakdown happened in 2014 as well and finally it happened to be a bull trap. My advice to everyone can only be to stay careful. I don't think the correction is over. But this is just an opinion.
BITFINEX:BTCUSD
by kayamemet
7
Double Top with fractal recurrences.Instead of completing the potential Cup and Handle formation yesterday, the price of Bitcoin decreased further and is now resting upon the neckline of a Double Top. There have been large spikes of selling volume at a couple of key levels which have ended in pennants before the trend continued downward. These pennants may also be interpreted as miniature Double Tops and serve to show that as the bulls attempt to maintain support bears are overwhelming the market as soon as RSI shows some movement away from being "oversold". This is further evidenced by the large amount of selling volume at these particular points. It would be impossible for a trader with a large enough volume of BTC to offload his stack in a single order. So what these people have to do is sell in stages. Hoping for a brief recovery in price so we can sell at a particular level. This is preferable to filling every single Buy order on the market, but occasionally this happens. Which is what the large red spikes are indicating. A person with a substantial hodling is selling at market value. The trick is to avoid scaring the market into further bearish descent before you are finished offloading your coins. I believe this bearish trend will continue. Especially if we see a break below the neckline at approximately 8900 USD. The price could continue to fall until strong support is found, possibly at the 6000 dollar level but this has already been tested once. I'm not sure that the price will recover as quickly following an additional test of this line. However, if the support at 6000 is strong we'll be observing an newly formed Double Bottom pattern. Which could give bulls more hope. My personal opinion is that we are in the midst of a crash pattern and over the coming months may see the price of BTC return to 2000. I believe smart money may be trading on key levels but will wait to re-enter the market as 'hodlers' until Bollinger Bands show decreased volatility. To those of you who had endured the crash of 2014, you have seen all of this before. The market sentiment is very similar and would appear to me that we are exiting a phase of denial and gradually moving towards accepting the fall of the market. This does not mean that BTC won't increase in value again, but the last time this occurred it took two full years for the market to recover. Perhaps this will signal the "Flippening" and BTC dominance will become less significant. As more alts are trading for fiat pairs they lose their reliance upon BTC as their primary means of being traded. This would be the best possible scenario for projects and coins which are objectively superior to BTC. To decouple completely from a failing project which has been undergoing an exhausting civil war for half a decade would benefit the entire industry immensely. Until that day comes, and our coins are freed of the oppressive and baseless price action of BTC, I believe the entire industry will suffer heavy losses. I'm taking this as an opportunity to re-enter the markets at a lower price point and make a substantial amount of money / build my stores of the coins I truly believe in. Just sitting around "hodling" through a crash is not only foolish, but an abandonment of potential profits.
BITFINEX:BTCUSD
by VanBenno
3
Head and Shoulders BTCUSDHead and Shoulders has formed on the 1hr chart n BTCUSD Bitfinex exchange, if we measure the high of the head to the low and then place that length straight down, we will end up with a drop to around $9200. If the bulls can't sop this slide soon we may be looking at an even lower estimate by tomorrow. ( Currently 8:30p, Australian EST or UTC +10) As always though these things are fluid, so while it is a significant drop, there should be multiple pullbacks to recover if you were still long and feel like all is lost. Good Luck friends and I hope any information you can gather can help though Strewth Cobber it's not financial advice. Night
BITFINEX:BTCUSDShort
by TroyByrne
Historical Data Experimentplease note: this is not a complete trading idea. This analysis is entirely based off historical data. Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top. The chart above shows the percentages and ratios I collected from the 2013 crash that were then overlaid onto the recent Bitcoin chart. Creating the possible route Bitcoin could take IF it follows the 2013 path. The percentages & time frames that were collected are shown in grey. The red and green colors shows what I expect to happen based on the data. The chart below shows the percentages collected for this experiment. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITFINEX:BTCUSD
by oh92
6
BTCUSD - WARNING! Not for the faint-hearted!As I was analyzing the price history of BTCUSD pair, I come across the Weekly chart of 2014-2015 time table. As you can see in the chart presented, when the MACD crossed, all hell broke loose! FOR A YEAR! It took a WHOLE YEAR before it recovered and then went parabolic AGAIN in 2017. Now, we're here HOPING that the uptrend continues! But truth be told, we are going to suffer the same fate! If you do not want to lose money, you sell into fiat or hold on tight within AT LEAST A YEAR. For me, I'm gonna have to switch back to forex. At least I can sell short there. Or BitMex so that I can sell short the hell of this thing. Anyway, may the odds be in our favor! *crossesfingers*
BITSTAMP:BTCUSD
by thebumtrader
2
Bitcoin regresses to old trend. Rational FOMO Exuberance overLooking at Channels and fib time lines it appears that we have a bearish trend on BTC before correcting and going to even higher levels. Due to FOMO, too many investors jumped into bitcoin after the steep rise from $2000->10,000 making it then double. Early bulls now have an opportunity to take their profits before years end (great for industrial money as portfolio performance indicator) and shorts have also now entered the market which might scare investors into selling which would allow them to then have a better entry point into the market. The exuberance of overpaying for fear of missing out will now completely correct to levels around $8.000 unless there is a strong buyback at higher resistance levels. This is a healthy correction and will allow for buy in opportunities for the disciplined investor who has kept a balanced portfolio and not been 'all in'.
BITSTAMP:BTCUSDLong
by antifragilemachine
Did you bought NEO? DON'T PANICou can see in any broker that the price of NEO is falling at a dizzying speed. This is due to next factors: - This climbing cycle is ending. - Some people say it's due to a new ICO (Red Pulse) that has come out, and a lot of NEO has been sold. - Others say it is caused by China (I did not see any news about it). - ETH is coming down (the most platform vs BTC) and secondly it affects NEO. Whatever the reason, no one can deny that the climb cycle is over, and with it a big crash. In the graph I show up to where it will safely go down and the possible scenarios. - The bullish trend line is NOT broken and we will have a phenomenal buying opportunity. - The bullish trend line IS broken, but we still have strong support and the price is stabilized again. I bought NEO at 0.00711. It's just question of waiting for the pump. - Bearish trend line wins and price goes back since it started. You are in the ruin next to me, if you know of any disabled bridge call me.
Long
by UnknownUnicorn1314540
5
US30 done with up move? is correction on the cards ? I am taking example of up move from 1987 to 2000. High made at end of 2007 was near 1.27% of base impulse move. Fibonacci extension of 1.27% or 1.23% is extremely important. Currently high made by price is at exact 1.27% extension of up move from 2009 bottom to 2015 top. That means we are at important price point in long term trend as we are analyzing the monthly chart. after making top of 2007 price retraced to earlier top and then went down till 50% of impulse move. If we consider history repeats then we may visit earlier top and then deeper retracement in future. I have marked possible levels where price may take support. Time also needs to reach at turning point along with price to make such big and important move. In case of 2007 move we can see that time was at 1.61% and in current situation time is at 1.38%. We will have to wait and see how price and time responds.
FX:US30
by dhananjay.d.joshi